News
ICC Sri Lanka celebrates the Most Admired Companies of 2022
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.
News
FSP complains of irregularities in a Guinness World Record event held in Sri Lanka
The Jana Aragala Sandhanaya yesterday lodged a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), calling for an investigation into Deputy Minister Sundaralingam Pradeep over alleged irregularities related to a Guinness World Record event held in Sri Lanka.
The organisation alleged that state patronage had been extended to a private company for the event and that large sums of money had been collected from around 5,000 families of participating students.
Speaking to the media, after submitting the complaint, Jana Aragala Sandhanaya National Executive Council member and Frontline Socialist Party (FSP) Secretary, Duminda Nagamuwa, alleged that the government had promoted the Bharatanatyam workshop, held on June 14, as an event that secured a Guinness World Record for the participation of the largest number of students.
He said a government politician had taken the lead in organising the event, attended by Deputy Minister Mahinda Jayasinghe.
Nagamuwa questioned the decision to provide state support for an event organised by a private entity, claiming that the Guinness certificate issued for the achievement had been awarded not to Sri Lanka or a state institution, but to a company.
“Why did the government provide state patronage to a private institution’s programme?” he asked.
He alleged that each of the approximately 5,000 participating students had paid Rs. 5,000, resulting in the collection of a substantial amount of money. He claimed that parents were also asked to pay additional amounts of Rs. 3,450 for logos and Rs. 2,350 for certificates.
Nagamuwa alleged that many families, from economically disadvantaged backgrounds, had incurred heavy expenses travelling to Colombo and staying there for several days for the event, with some families spending around Rs. 30,000 each.
News
Opposition MPs sign motion demanding debate on prolonged failure to fill vacancies in superior courts
Opposition MPs yesterday signed a motion demanding an adjournment debate in Parliament on the prolonged failure to fill vacancies in Sri Lanka’s superior courts.
The motion, submitted under Standing Order 83(1), calls for a debate on the implications of leaving more than eight vacancies in the Supreme Court and the Court of Appeal unfilled for over six months.
The Opposition said the proposed debate would examine the impact of the vacancies on the administration of justice, the rule of law, the protection of fundamental rights and public access to justice, while urging the authorities to expedite appointments to the vacant posts.
The motion, bearing the signatures of Opposition MPs, is to be forwarded to Speaker Dr. Jagath Wickramaratne, for approval, to schedule the debate.
News
Another Lankan desperado deported from Malaysia arrested at BIA
Suranga Sanjeewa Karunaratne, alias ‘Matiya’, an alleged underworld gunman linked to organised crime figure Kehelbaddara Padme, was arrested on arrival at the Bandaranaike International Airport in the early hours yesterday.
Police said the suspect, a resident of Kotugoda, Yagodamulla, had been detained by Malaysian authorities and deported to Sri Lanka. Officers of the CID took him into custody upon his arrival.
Investigators said an Interpol Red Notice had been issued against the suspect.
Karunaratne is wanted in connection with the fatal shooting, near the Gampaha Magistrate’s Court, in July, 2022, in which alleged organised criminal ‘Paspodda’ was killed and several others sustained injuries.
Following preliminary questioning by the CID, the suspect was handed over to the Western Province North Crimes Division for further investigations. Police said a 72-hour detention order had been obtained to facilitate further inquiries.
by Norman Palihawadane ✍️
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