Business
How ISMM could contribute towards the eradication of corruption
By Ranil Abeyesekera
The Institute of Supply and Materials Management (ISMM) in Sri Lanka holds a unique and important position in shaping the country’s supply chain and procurement practices. As the founder and government-recognized institute in the field, ISMM’s role extends beyond education and training to include consultancy and advocacy for best practices in supply chain management.
The pressing need for a robust procurement law in Sri Lanka to eradicate corruption presents a significant opportunity for ISMM to leverage its resources, expertise, and influence.
Sri Lanka’s procurement processes, particularly in the public sector, have long been marred by inefficiencies and corruption. The absence of stringent legal frameworks and oversight mechanisms has allowed corrupt practices to thrive, resulting in substantial financial losses and eroding public trust. The introduction of a comprehensive procurement law could address these issues by setting clear guidelines, establishing accountability, and creating a transparent system for managing public and private sector procurement.
One of the primary ways ISMM can contribute is through its extensive educational programs. By conducting classes for professionals up to graduate levels and offering workshops and seminars, ISMM can ensure that the principles of ethical procurement and the importance of a solid legal framework are instilled in the next generation of supply chain professionals.
ISMM can revise its curriculum to include modules specifically focused on procurement law, ethics, and anti-corruption measures. This would prepare graduates not only to adhere to best practices but also to advocate for and implement these practices within their organizations.
Through ongoing workshops and seminars, ISMM can keep current professionals updated on the latest developments in procurement laws and anti-corruption strategies. These sessions can also serve as platforms for discussing the practical challenges and solutions related to implementing procurement law.
ISMM’s close collaboration with key governmental bodies like the Industrial Development Board (IDB) and the Ministry of Industries places it in a strategic position to influence policy development.
As a consultancy service provider for both private and public organizations, ISMM can conduct comprehensive research to highlight the economic and social benefits of a procurement law. By presenting data-driven insights and case studies from other countries, ISMM can build a compelling case for legal reform.
Policy Recommendations
ISMM can draft and submit policy recommendations to the government. These recommendations can include frameworks for the proposed law, guidelines for implementation, and suggestions for monitoring and evaluation mechanisms.
Organizing forums and discussions involving key stakeholders such as government officials, industry leaders, and civil society can help in building consensus and gathering support for the procurement law. ISMM’s reputation and network can facilitate meaningful dialogue and collaboration.
The annual National Supply Chain Excellence Awards Ceremony, conducted by ISMM, can play a significant role in promoting best practices and recognizing excellence in procurement.
By establishing high standards for the awards, ISMM can highlight the importance of ethical procurement practices. Criteria for the awards can include adherence to transparency, accountability, and efficiency in procurement processes.
Recognizing organizations and individuals who exemplify best practices in procurement can serve as a powerful incentive for others. It also raises public awareness about the benefits of ethical procurement and the need for a strong legal framework.
Public awareness and support are crucial for the successful implementation of procurement law. ISMM can leverage its resources to educate the public on the importance of this law and how it can contribute to reducing corruption and improving economic efficiency.
ISMM can launch public awareness campaigns through various media channels to explain the benefits of procurement law. These campaigns can also demystify the procurement process and highlight the role of transparency and accountability in reducing corruption.
Working with journalists and media houses to publish articles, reports, and features on procurement issues can help in shaping public opinion and building pressure on policymakers to enact the law.
For a procurement law to be effective, it is essential that public sector employees are well-versed in its requirements and equipped to implement it.
The Institute of Supply and Materials Management (ISMM) has a critical role to play in advocating for and facilitating the implementation of a procurement law in Sri Lanka. Through education, policy advocacy, public awareness campaigns, and capacity building, ISMM can drive the adoption of a legal framework that promotes transparency, accountability, and efficiency in procurement processes. Such a framework is essential for eradicating corruption and fostering a healthy economic environment in Sri Lanka. By leveraging its unique position and resources, ISMM can make a substantial contribution to this vital national initiative.
Business
Ceylinco Life agent among three global finalists for award
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.
Business
CEAT Kelani retains AA+ rating for sixth year
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.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
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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