News

ICC Sri Lanka celebrates the Most Admired Companies of 2022

Published

3 years ago

2023/08/31

The highly anticipated annual event celebrating Sri Lanka’s Most Admired Companies (MAC Awards) for 2022 took place recently, captivating an audience of distinguished corporate leaders and esteemed diplomats. The award ceremony, organized by ICC Sri Lanka, AICPA & CIMA and DailyFT unveiled and recognized the exceptional accomplishments of these top-ranking companies in the country.

The companies awarded were recognized, for their exceptional performance, innovation, and overall impact on the economy. The main criteria they were judged for were their financial performance, ability to practice environmentally sustainable governance and ethical business practices for their employees, customers, investors and the community.

The Top Ten Companies of 2022:

Aitken Spence PLC

Bank of Ceylon

CBL Investments Ltd.

Ceylinco Insurance Ltd.

Commercial Bank of Ceylon PLC

Dilmah Ceylon Tea Company PLC

Hatton National Bank PLC

LOLC Holdings PLC

National Savings Bank PLC

Sri Lanka Telecom PLC

The event also paid tribute to five honourable mentions for their commendable contributions to the business landscape:

DFCC Bank PLC

Global Rubber Industries Ltd.

NDB Bank PLC

People’s Bank

Sampath Bank PLC

Shanil Fernando, Chairman of ICC Sri Lanka, said that “MAC awards were started by Dinesh Weerakkody the past ICC Chairman. ICC Sri Lanka, AICPA & CIMA and DailyFT are truly honoured to recognize and celebrate the remarkable achievements of ‘The Most Admired Companies in Sri Lanka’. These organizations have not only demonstrated exceptional business acumen but have also shown their commitment to innovation, sustainability, and societal impact. Their contributions play a pivotal role in driving the nation’s economic growth and shaping a brighter future for us all. The Most Admired Company Awards serve as a testament to their dedication and inspire others to strive for excellence.”

The event was graced by Chief Guest Secretary to the President, Saman Ekanayake, and the keynote speech was delivered by Katsuki Kotaro, Deputy Head of Mission for Japan in Sri Lanka.

The evaluation process was meticulous, involving a Financial Evaluation undertaken by a team of highly qualified CIMA members (CGMAs). Subsequently, the KPMG team ratified the scores and selected the Top 20 organizations for the next round of assessments. The second phase included compelling presentations by the shortlisted companies to the panel of judges. This dynamic element of the competition witnessed the top management of these companies actively engaging with the judges, showcasing their vision and strategies.

The organizing bodies, ICC Sri Lanka and AICPA & CIMA seized the occasion to present their budget proposals for the 2024 National Budget to Mr. Ekanayake, further emphasising the alignment of these institutions with the nation’s economic aspirations.

The MAC Awards is not just a celebration of business excellence but a testament to the innovation, dedication, and resilience that defines Sri Lanka’s corporate landscape. As the spotlight shines on these remarkable companies, it also illuminates the path for future endeavours, inspiring others to reach similar heights of distinction.

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Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrives in Colombo

Published

5 hours ago

2026/09/9

Priyan

The Italian Naval Vessel ‘ITS Giuseppe Garibaldi’ arrived in Sri Lanka today, 9 September 2026, on a replenishment visit.

The Sri Lanka Navy welcomed the visiting ship in accordance with naval traditions at the port of Colombo.

‘ITS Giuseppe Garibaldi’ is a 180m long Landing Helicopter Aircraft Vessel commanded by Captain Marco GUERRIERO.

During the ship’s stay in Sri Lanka, the Commanding Officer of ‘ITS Giuseppe Garibaldi’ is scheduled to call on the Commander Western Naval Area.

News

Bangladesh bank on bowlers in bid to bring India down

Published

10 hours ago

2026/09/9

Priyan

Bangladesh will look to curb Shafali Verma's aggression [cRICINFO]

If Bangladesh take the route of seeking inspiration from the past to bring down heavyweights India on Thursday, they will have to squint their eyes and go back to pre-Covid times for their last victory against them in the Women’s Asia Cup. India have had the better of their neighbours over their last eight meetings, and last lost to Bangladesh in a T20I three years ago, when a very similar-looking Indian batting line-up was kept to 102 for 9.

Before that, Bangladesh had shocked India with back-to-back wins that culminated in their maiden Asia Cup title, by again stifling India to an underwhelming 112 for 9.

The Bangladesh team of today – as their recent fights have shown over the last two World Cups – is a version far improved from the ones of 2018 and 2023. They have scared teams like Australia and England (ODI World Cup) and India (T20 World Cup) in the last 12 months and they recently beat the higher ranked Pakistan in the UK by keeping them to 100 for 8.

It is this bowling strength that Bangladesh must bank on to try and bring down India, whose batting has stuttered every now and then, including a collapse of 8 for 46 against Thailand earlier in the tournament. India have had middle-order issues for a while now – it’s one of the things that kept them from a knockout berth in the last T20 World Cup – and Bangladesh will be itching to strike while the iron is hot.

They have laid the foundations in the last 10 days by routing Indonesia for 58, making Sri Lanka sweat in a chase of 115, and suffocating UAE’s batters to 69 for 9 with semi-finals qualification on the line.

Pratika Rawal, India’s No. 3 for this tournament in place of the injured Jemimah Rodrigues, hasn’t quite shown the promise in this format that she has in ODIs. Her 36 runs in three innings have come at a strike rate of just 109.09, against some of the lower-ranked teams in the world. Now into the knockouts, the time is ripe for Rawal to step up against one of the stronger bowling attacks of the tournament, especially if one of the openers doesn’t get going.

Swing bowler Marufa Akter is doing Marufa Akter things at this Asia Cup. She has struck in her opening spell in each of her three games so far – including the big scalp of Chamari Athapathuthu for 1. She has made the ball talk with her prodigious swing, and is the top wicket-taker in this Asia Cup among pace bowlers, with an economy rate of 3.27. She will hold the key for Bangladesh as they come up against a top order comprising Smriti Mandhana, Shafali Verma and Rawal.

Team news

After constant chopping and changing during the T20 World Cup in the UK, India have gone unchanged in the three games of this tournament. They will be expected to field the same XI again.

India (probable): Smriti Mandhana, Shafali Verma, Pratika Rawal, Harmanpreet Kaur (capt), Richa Ghosh (wk), Bharti Fulmali, Deepti Sharma, Prema Rawat, Kranti Gaud, N Shree Charani, Nandani Sharma.

Bangladesh have used 14 players, in comparison, including a debut for 17-year-old allrounder Farjana Easmin. They may not make too many changes this time as the two players who came into the XI on Tuesday – Rabeya Khan and Sharmin Akter – played starring roles in beating UAE.

Bangladesh (probable): Juairiya Ferdous, Nigar Sultana (capt & wk), Sobhana Mostary, Dilara Akter, Shorna Akter, Rabeya Khan, Sharmin Akter, Nahida Akter, Sultana Khatun, Marufa Akter, Fahima Khatun.

[Cricinfo]

News

Establishment of National Trade Negotiation Committee (NTFC) and Trade Policy Consultation Committee.

Published

12 hours ago

2026/09/9

Priyan

Approval has been granted at the cabinet meeting held on 24-08-2026 to implement the recommendations submitted by the committee appointed to review Sri Lanka’s current Free Trade Agreements and future course of Free Trade Agreements in Sri Lanka.

Taking into account these recommendations, it has been
recognized the necessity of establishing a National Trade Negotiation Committee and Trade Policy Consultation Committee enabling Sri Lanka to follow a more targeted, sequential, and evidence-based approach in conducting negotiations for Sri Lanka’s future Free Trade Agreements and to ensure a sustainable and meaningful stakeholder consultation process.

The Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commercial, Food Security, and Cooperative Development to act as follows.

• Establishment of a National Trade Negotiation Committee to guide trade discussions conducted with potential bilateral or regional trade partners
• Appointment of the Secretary to the Ministry of Trade, Commerce, Food Security, and Cooperative Development as the Chairman of the National Trade Negotiation Committee and
the Chief National Trade Negotiator.
• Establishment of 12 subject specific sub- committees with the required technical working groups under the National Trade Negotiation Committee
• Appointment of Trade Policy Consultative Committee comprising of trade experts, researchers engaged in research relevant to trade field, business community, unions, civil societies and relevant public officers to instruct the National Trade Negotiation Committee on active and technical sectors, to submit the policy recommendations to the Cabinet of Ministers regarding the matters relevant to the trade agreements, to inquire sustainable ideas regarding the Free Trade Agreements, and to ensure the communication mechanism.
• The Minister in charge of the Subject international trade and the Minister in charge of the subject of Industry to serve as Co-Chairpersons of the Trade Policy Advisory Committee.