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Heritance Rise trainees sweep top honours at SLITHM graduation 2024/25

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Aitken Spence Hotels proudly marked a defining moment in its commitment to shaping the future of hospitality leadership, as trainees from its flagship Heritance Rise Management Trainee Programme emerged as some of the most decorated graduates at the Sri Lanka Institute of Tourism and Hotel Management (SLITHM) Graduation Ceremony 2024/25.

Together, the cohort clinched 15 special awards, with standout performer Tharuka Chaturangi being honoured with the Most Outstanding Graduate Award for the Three-Year Management Diploma—one of the two highest recognitions conferred at the national graduation ceremony.

Launched to respond to the critical need for talent development in the hospitality industry, Heritance Rise is Aitken Spence Hotels’ purpose-driven initiative to nurture the next generation of Sri Lankan hoteliers through a structured, immersive, and performance-led learning journey. The programme is uniquely crafted in five phases: an intensive 8-month training in core area of specialization , 4 months of cross exposure across other key hotel departments, including corporate office immersion to understand the business of hospitality, 3 months overseas exposure in India, Maldives or Oman and a final 3-month management and leadership specialisation phase, allowing participants to hone necessary skills aligned with their passion and career goals.

“Heritance Rise is more than a training programme—it’s a long-term investment in shaping compassionate, forward-thinking leaders who will redefine hospitality in Sri Lanka and the region,” said Aitken Spence Hotels Vice President – Learning & Development / Rooms Division Patrick Pereira. “Our trainees’ outstanding performance at SLITHM is a powerful endorsement of our approach and their extraordinary potential.”

Leading the accolades was Tharuka Chaturangi, whose achievements at the ceremony included not only the coveted Most Outstanding Graduate Trophy, but also top honours in Professional Cookery, Professional Cookery Practical, Revenue Management, and Hotel Information Technology—demonstrating both depth and versatility in her craft.

Equally impressive was Charles de Croos, who received multiple distinctions in accommodation operations, including Most Outstanding Student in Housekeeping, Advanced Accommodation Operations, and Management Studies, as well as excellence in Research Methodology.

From culinary arts to front office and F&B operations, Heritance Rise trainees continued to shine. Nethmi Hettihewage was awarded for her stellar performance in Food & Beverage Operations, while K. Gurudhesh received dual recognitions in Pastry Preparation and Professional Cookery, including the esteemed Nestlé Professional Culinary Pinnacle Award. Mandithri Fernando earned the top award in Front Office Operations, and Mr. Dilan Uluvitiya was recognized for excellence in Accommodation Practices.

“These achievements reflect the calibre of individuals we are proud to nurture through Heritance Rise,” Stasshani Jayawardena, Chairperson of Aitken Spence Hotel Holdings PLC said. “The breadth of disciplines in which our trainees were recognised—from cookery to revenue management, IT, and research—demonstrates the holistic preparation they receive and their readiness to take on leadership roles in a dynamic global industry.”

With a clear path to Assistant Manager roles upon graduation and the opportunity to rise to General Manager level within a set period, Heritance Rise serves as both a fast-track and a values-driven platform for emerging hospitality professionals. The programme is deeply embedded in Aitken Spence Hotels’ purpose to uplift Sri Lankan talent and enhance the global competitiveness of its workforce, especially at a time when the industry demands resilience, creativity, and future-ready skillsets.

As the first Sri Lankan hospitality group to implement global service standards such as LQA (Luxury Quality Assurance) across its resorts, and with a growing focus on leadership development, Aitken Spence Hotels continues to pave the way in elevating hospitality excellence through homegrown talent.

“We salute every award recipient and graduate. Their success is our shared success—as a company, an industry, and a country. With passion, discipline, and a commitment to learning, they are not just rising—they are leading,” added Ms. Jayawardena.



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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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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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