Business
HIPG donates US$ 50,000 towards human-elephant conflict resolution
With a high incidence of human-elephant conflicts in the Hambantota District, a landmark MoU was signed between the Hambantota International Port Group (HIPG) and the District Secretariat Office of Hambantota. HIPG donated a sum of US$ 50 000 with the signing of the MoU.
The Hambantota International Port (HIP) is one of the largest business organisations operating in the Hambantota region and the port’s strong CSR drive focuses on caring for People and Planet while achieving its business objectives. HIPG has identified that the ‘Human – Elephant Conflict,’ which has become a major environmental and social issue in the island, is very much in line with their long-term commitment to ensure that the community can coexist with nature whilst ensuring the livelihood of all communities.
The port plans to set up a human-elephant peace fund that will spearhead the long-term initiative to bring about a sustainable resolution to the issue.
As per the MoU signed with HIPG, the donated funds will be held by the Hambantota District Secretariat Office, who would drive the project, while the Department of Wildlife Conservation will be the implementing party.
In the initial phase of the plan, the Wildlife Department hopes to install electric fences in the identified high-risk areas, as well as conduct awareness programs for the general public on the ‘Human-Elephant Conflict.’ Promoting awareness among business institutions will also be carried out to ensure that they are mindful of the situation in terms of taking precautions when doing ongoing developments, and follow through with placing information boards and signboards at identified locations; clearing sides of the road; digging trenches; placing lights for more visibility etc. to give prior warning.
Under the guidance of the District Secretariat, the Wildlife Department also plans to deploy tree cultivation programmes in forest areas so that elephants would be able to feed, without infiltrating village areas in search of food.
This is the second initiative supported by the Hambantota International Port Group to bring about a resolution to the human elephant conflict. The port operator has donated over US$ 100,000 for the cause.
“This initiative will endeavour to have a sustainable approach to the problem and we sincerely hope the partnership will bring an end to this conflict, which has been going on for decades.
HIPG will support this program financially, and we believe the District Secretariat will empower the Wildlife Department to carry out their programme of mitigation on the short term, while looking for more long-term solutions. It is our hope that in the future the word ‘conflict’ will be replaced with the word ‘peace’, between man and elephant,” says Johnson Liu, CEO of the Hambantota International Port Group (HIPG).
H.P. Sumanasekara, District Secretary of Hambantota says, “We are grateful for the interest shown by the Hambantota International Port Group, towards finding a lasting solution to this environmental and social issue and that the donation was given within such a short period of time. True development can take place in Hambantota only when man can live in harmony with nature.
This project will minimise human activity within elephant habitats, which will reduce the conflict. It is vital that each has their own area to live in and this donation will help us to come up with viable solutions to this very pressing issue. The Secretariat will honour the partnership with the port, by working transparently and with accountability to bring about a peaceful outcome for all.”
The District Secretariat intends to have discussions with villagers who are impacted by the conflict, with a view to discovering deeper issues faced by them, and finding solutions jointly.
Business
AIA delivers strong first half results in 2026; double-digit growth across key financial metrics
The Board of AIA Group Limited (the “Company”) is pleased to announce the Group’s financial results for the six months ended 30 June 2026. Growth rates are shown on a constant exchange rate basis unless otherwise stated:
New business performance and embedded value
Value of new business (VONB) of US$3,212 million, up 10 per cent overall and 14 per cent excluding Thailand(1)
Record high annualised operating ROEV of 18.0 per cent, up from 15.8 per cent in full year 2025
EV Equity of US$83.4 billion, up 6 per cent per share over the first half on an actual exchange rate basis
IFRS earnings
Operating profit after tax (OPAT) of US$4,163 million, up 13 per cent per share
AIA now expects to exceed OPAT per share CAGR target of 9 to 11 per cent from 2023 to 2026(2)
Record high annualised operating ROE of 17.5 per cent, up from 15.5 per cent in full year 2025
Cash generation and capital returns
Underlying free surplus generation (UFSG) of US$3,935 million, increased by 10 per cent per share
Net free surplus generation (net FSG) of US$2,758 million, up 12 per cent per share
US$3.6 billion returned to shareholders in the first half through dividend and share buy-back
Interim dividend increased by 10 per cent to 53.90 Hong Kong cents per share
Lee Yuan Siong, AIA’s Group Chief Executive and President, said:
“AIA has delivered another strong performance in the first half of 2026, with double-digit growth across our key financial metrics, while continuing to return substantial capital to shareholders. VONB reached a record high of US$3.2 billion with growth across all distribution channels, and all reportable segments excluding Thailand. The Group has achieved 17 per cent CAGR since the first half of 2023(3), demonstrating consistently strong demand for AIA’s professional advice and differentiated products.
“At the core of our unrivalled distribution platform is our market-leading Premier Agency. I am delighted that AIA has once again been ranked the number one Million Dollar Round Table (MDRT) multinational company globally. We have held this position for a record 12 consecutive years and we have more than double the number of MDRT members of our nearest competitor. In the first half of 2026, our Premier Agency achieved strong VONB growth of 11 per cent excluding Thailand(1). Our extensive network of strategic distribution partners further expands our market reach and generated an 18 per cent increase in VONB, supported by very strong performance in both the bancassurance and independent financial adviser (IFA) and broker channels.
“Strong new business, together with disciplined management of our in-force portfolio, has supported sustained growth in recurring earnings with OPAT per share up by 13 per cent in the first half. As a result, we expect to exceed our 9 to 11 per cent OPAT per share CAGR target for 2023 to 2026(2). UFSG, the Group’s core measure of operating cash generation, increased by 10 per cent per share. After allowing for new business investment, net FSG increased by 12 per cent per share. In accordance with our prudent, sustainable and progressive dividend policy, the Board has declared a 10 per cent increase in the interim dividend to 53.90 Hong Kong cents per share. These achievements demonstrate that our financial strategy is working as intended.
“Asia remains the most compelling growth opportunity for life and health insurance. Powerful structural tailwinds across the region continue to create substantial demand for our professional advice and differentiated products and underpin the exceptional long-term prospects for AIA’s business. I am confident that AIA’s disciplined execution of our strategic priorities will continue to deliver long-term sustainable value for all our stakeholders.”
Business
British Council Sri Lanka launches soft skills workshops to elevate learning and empower communication
The British Council Sri Lanka has launched Corporate English Solutions (CES), tailored to the Sri Lankan corporate and education ecosystem, aimed at helping organisations strengthen workplace communication and professional development.
The launch event took place recently at the NH Collection, Colombo 3, gathering corporate partners, clients and education stakeholders throughout the country.
CES extends the British Council’s long-standing work in English language education and teacher training into a dedicated offering for the corporate sector. The launch introduced two new components to the British Council’s presence in Sri Lanka such as public workshops and teacher training programmes, open to learners and educators beyond the organisation’s existing corporate and academic partners. Guests at the event were shown a short video introducing Corporate English Solutions before the formal proceedings began.
Talal Meer, British Council Regional Business Development Director, South Asia, welcomed guests and introduced the British Council’s team in Sri Lanka. In his remarks, Meer set out the scope of the CES launch, covering the introduction of public workshops in Sri Lanka, the rollout of teacher training programmes, and an overview of the CES product portfolio. Meer’s role covers educational partnerships in the South Asia region, and his address framed the Sri Lanka launch within the British Council’s broader regional strategy.
Business
Ogilvy Group tops award tally at ‘Dragons of Sri Lanka’ 2026
Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies. Gold Dragon wins for Phoenix Ogilvy and Ogilvy Digital, together with the seven additional recognitions across multiple categories, highlighted Ogilvy’s ability to combine creativity, strategic thinking and commercial effectiveness to deliver business results.
Organised by the 4As Sri Lanka, the third edition of Dragons of Sri Lanka shortlisted more than 50 agencies and corporates, making it one of the country’s most competitive marketing communications awards. These local awards, along with the chapters in Malaysia and Pakistan are part of the Dragons of Asia platform, one of the region’s leading programmes for marketing communications effectiveness, with entries being judged on strategy, originality, execution and measurable results.
Ogilvy Digital accounted for eight awards in total, including a Gold Dragon in the Business & Trade Marketing category, and a Silver Dragon in the Innovative Idea or Concept category. The Agency additionally received six Black Dragons across the categories of Innovative Idea or Concept, Business & Trade Marketing, Content Creation, Small Budget, Event or Experiential, and Brand Trial or Sales Generation.
Commenting on the achievement, Sajith Weerasinghe, Chief Operating Officer of Ogilvy Digital, said, “These recognitions reflect the breadth of capabilities we’ve built across strategy, creative, content, experience design, technology and performance marketing. The fact that the work was recognised across so many different disciplines demonstrates our ability to apply creativity to a wide range of business challenges and objectives. We’re proud that this achievement spans multiple clients, categories and types of work, reflecting both the versatility of our people and our commitment to delivering results.”
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