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DPL empowers 3000 small holder rubber farmers in Moneragala

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Directors and staff from DPL with fertilizer at the distribution ceremony

By Steve A. Morrell

Dipped Products Ltd ( DPL) through its Firstlight Initiative, over a period of some 12 years, empowered around 3000 rubber farmers in Moneragala to expand their rubber growing initiative to ensure their rubber production is absorbed by the company. It is also significant that the company continues to assist these farmers and their families.

At Moneragala we spoke to these farmers who were enthusiastic about their supplier relationship with the company and continuous good standing with it consequent to supplying raw material, latex and sheet rubber; all of which was readily absorbed by the company.

Grower and rubber farmer Kariyawasam Pathirange Karunadasa, who we met at the fertilizer distribution ceremony in Moneragala, informed us about the impact of DPL on the prosperity of rubber growers. He said he commenced planting rubber in his small tract of land in the late ‘70s. He experienced some ups and downs in this planting venture because at that time prices were not attractive and although he was one of the first to plant rubber in the area he had been considering planting some other crops on his land due to fluctuating fortunes. But he continued with rubber.

However, DPL entered the area and bought sheet rubber as well as latex each day from site. The rubber farmers did not have to journey long distances to sell their raw material. Karunadasa said that because of the impact of DPL and their entry to Moneragala, rubber farmers prospered.

DPL paid good prices for their produce. Although rubber prices were currently low, the company paid extremely fair prices for produce collected. We also discussed the benefits of DPL with a few others as well who informed us of positive impact of DPL on production of rubber in Moneragala.

Additionally, each planter family was assisted with school books for their children and urgent cash for emergencies. Karunadasa also told us he was able to have by – pass surgery because his earnings from rubber were growing.

Karunadasa said payment was prompt and all proceeds were deposited in their bank accounts. He said farmers had full confidence in the services of DPL. He added that each rubber grower earned as much as Rs, 75,000 monthly. In some instances earnings exceeded that amount.

Similar success stories were recorded by us from at least five other rubber growers whom we interviewed.

At Moneragala, Deputy Managing Director, DPL R.H.Pushpika Janadheera said when DPL initiated their support for rubber farmers in Moneragala, the original number of farmers who supplied latex and crepe rubber was only around five. But currently, after about 12 years, the number grew to its current supplier base of over 3000 farmers who supply raw material exclusively to DPL.

He explained that this supplier base grew to its current number because of the integrity of the company in its dealings with rubber growers. The position that DPL was prompt in settling dues of rubber farmers was fully confirmed by these suppliers.

DPL assistance to families, including the provision of school books to children and similar Corporate Social Responsibility projects, further enhanced the reputation of the company.

During wet weather, rubber tapping is usually suspended because of expected damage to tapping panels. Such risks were minimized in Moneragala because of its dry zone character.

Production of rubber in Sri Lanka was only about one percent of world production. Leaders in rubber production in the world, Janadheera said, were Thailand and Indonesia, who each produced about 30 percent of the world’s rubber.

Apart from Moneragala, rubber was also purchased from Hanwella, Kuruwita and Bibile. DPL’s entry to Moneragala was also prompted by the need to encourage the use of fertilizer in small grower plots to increase production.

Fertiliser was issued in our presence to growers at subsidized rates.Janadheera said DPL’s advice to rubber farmers was based on instructions issued by the Rubber Research Institute. He confirmed active participation by Regional Plantation Companies in rubber growing.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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