News
Insurance luminary Nihal Senaratne honoured
In a landmark moment for Sri Lanka’s insurance industry, Nihal Senaratne, Chairman of Senaratne Insurance Brokers (Pvt) Limited, has been honoured by the Chartered Insurance Institute (CII) of London, UK, for his outstanding contribution to the profession. The accolade was presented during a visit to his office in Colombo by senior CII officials; Holly Porter, Executive Director (Market & Opportunities) and Gaenor Jones, Regional Director (Middle East, Central and South Asia).
The recognition celebrates Senaratne’s remarkable legacy spanning over seven decades, marked by visionary leadership, industry innovation, and an unwavering commitment to professional excellence. This accolade, accompanied by a formal certificate of commendation, is believed to be the first of its kind ever issued by the CII – London, marking a truly historic moment for both Senaratne and the Sri Lankan insurance community.
In his remarks, Senaratne shared, “To be recognized by the Chartered Insurance Institute of London is a humbling honour. My journey in insurance has always been about service to clients, colleagues, and the industry I hold dear. This commendation is not mine alone; it belongs to every Sri Lankan professional who has worked tirelessly to elevate our standards and reputation on the global stage.”
Founded in 1979, Senaratne Insurance Brokers has long been a pillar of independent financial insurance broking in Sri Lanka. Under Senaratne’s stewardship, the firm has grown into a client-centric powerhouse, known for its technical expertise, ethical standards, and long-term partnerships. The company’s emphasis on Chartered qualifications and continuous professional development has made it a model of best practice, as highlighted in a recent CII case study.
Speaking at a ceremony, former CII President Jane Portas praised Senaratne’s “visionary leadership and enduring impact,” noting that “his dedication to raising professional standards has not only transformed his own firm but has elevated the entire Sri Lankan insurance landscape.”
The recognition comes on the heels of Senaratne’s 72nd anniversary in the industry; a milestone celebrated earlier this year by colleagues, clients, and peers across the region. Known for his humility and sharp intellect, Senaratne reflected on the honour with characteristic grace: “To be recognised by the Chartered Insurance Institute of London is a humbling honour. My journey in insurance has always been about service to clients, colleagues, and the industry I hold dear. This commendation is not mine alone. It belongs to every colleague, client, and partner who believed in the power of trust, professionalism, and service and to every Sri Lankan professional who has worked tirelessly to elevate our standards and reputation on the global stage.”
The accolade also underscores the growing global recognition of Sri Lanka’s insurance talent. As the industry navigates digital transformation and evolving risk landscapes, leaders like Senaratne continue to inspire a new generation of professionals committed to excellence and integrity.
In a career spanning an unprecedented 72 years, Senaratne has become a towering figure in Sri Lanka’s insurance landscape, leaving an indelible mark on both national and international platforms. Born on 3rd January 1934, Senaratne is the son of two distinguished Sri Lankans; Loranee Senaratne, the country’s first female ambassador, and Dr. Owen L. F. Senaratne, a renowned eye surgeon. A proud alumnus of Royal College Colombo, his journey in insurance began in February 1953 as a Trainee Manager at Bosanquet & Skrine Ltd.
by CII for Lifetime Contribution ✍️
News
New Chairperson and Members appointed to the Finance Commission
President Anura Kumara Dissanayake has appointed Ms N. R. Anees as the new Chairperson and a member of the Finance Commission.
J. M. C. J. Wijetunga and K. Karunaharan have been appointed as the other members of the Commission.
The letters of appointment were presented to the appointees by the Secretary to the President, Dr Nandika Sanath Kumanayake, at the Presidential Secretariat ton Monday (20) afternoon
The appointments were made to fill the vacancies createdy following the expiry of the terms of office of the previous members of the Finance Commission.
(PMD)
News
True leadership is not about titles or power, but about acting responsibly for the well-being of others – Prime Minister
Prime Minister Dr. Harini Amarasuriya stated that true leadership is not about titles or power, but about acting responsibly, with compassion, and working for the well being of the others.
The Prime Minister made these remarks while attending the President’s Guide Award and Prime Minister’s Award Ceremony, organized by the Sri Lanka Girl Guides Association, one of the country’s leading voluntary organizations dedicated to empowering girls and young women. The ceremony was held on Sunday (19th July )at Temple Trees in Colombo.
During the event, the Prime Minister presented medals and certificates to the award recipients.
A total of 350 awards were presented at this year’s ceremony, comprising 338 President’s Guide Awards and 12 Prime Minister’s Awards, in recognition of the recipients’ discipline, resilience, integrity, and commitment to serving others.
Addressing the occasion, Prime Minister Dr. Harini Amarasuriya stated that one of the greatest strengths of the Girl Guides association is its commitment to providing equal opportunities to every child, regardless of their background or abilities. The Prime Minister also emphasized that true leadership is not defined by titles or power, but by acting responsibly, listening with compassion, and working for the well-being of others.
The Prime Minister further noted that while women had limited opportunities in the past, today increasing opportunities are being created for girls and women across all sectors, and young women are making remarkable progress in every field. The Prime Minister further stressed that every girl and young woman deserves equal opportunities to improve themselves, noting that the country needs young women leaders who are ready to step forward to build a better future for Sri Lanka.
The Prime Minister also highlighted that, particularly at a time when Sri Lanka is undertaking significant economic and democratic reforms, achieving sustainable national progress requires not only economic growth but also the development of citizens who uphold strong ethical values and social responsibility. In this regard, she commended the invaluable contribution made by the Sri Lanka Girl Guides Association.
Guided by its motto, “Be Prepared,” the Girl Guiding Movement in Sri Lanka was first established on 21 March 1917 at Kandy High School by Miss Jenny Calverley Green. Today, the movement operates through seven branches; Butterflies, the Little Friends, the Guides, the Rangers, the Youth, the Differently Abled Guides, and the Community Guiding Units, catering to different age groups and abilities. The President’s Guide Award is the highest honour that can be achieved by a Girl Guide and is awarded only to those who successfully complete the required challenges, written and oral examinations, and the BP Challenge. The Prime Minister’s Award is presented as the highest recognition within the Ranger Guide section.
The event was attended by at the President of the Sri Lanka Girl Guides Association Swarnika Pitigala, Chief Commissioner Dr. Kushantha Herath, President’s Guide Commissioner Pushpa Perera, Prime Minister’s Guide Commissioner Aruni Karunaratne, other senior officials of the Sri Lanka Girl Guides Association, President’s Guides and Prime Minister’s Guides, as well as a large number of their parents.



(Prime Minister’s Media Division)
News
Customs asked to resume probe or face legal action
Rs. 16 bn BMW revenue fraud:
Public interest litigation activist Nagananda Kodituwakku has said he will initiate appropriate proceedings against Director General of Customs, Wimal S.K. Liyanagama, in terms of the Anti-Corruption Act No 9 of 2023, unless the Customs carries out a revenue fraud inquiry to recover approximately Rs 16 bn in lost government revenue.
General Secretary of Vinivida Foundation, and former Customs officer, Kodituwakku said that though the Department, in response to his request for a meeting to discuss the issue, in writing, assured them that the investigation was underway, they found that the actual situation was not so.
Kodituwakku alleged that the Customs Chief had neglected what he called statutory duties under the Customs Ordinance, by disregarding his request for a meeting.
Kodituwakku said the investigation into the importation of 1,728 brand new BMW vehicles, under the concessionary duty permits issued by the government for the public servants, between 2011 and 2014, had been stalled.
The civil society activist said that investigations had revealed the vehicles hadn’t been imported by the permit holders themselves but others. It also transpired that the value of the imported vehicles, mentioned in the commercial invoices, proforma invoices and the CusDecs, tendered to Customs in the names of the permit holders, were not the actual values for the vehicles in question.
The high-profile case has been handled by the Central Investigation Directorate, at that time headed by Murugesu Thayabaran, a batchmate of Kodituwakku.
The ex-Customs officer said that he had appeared as counsel for Thayabaran in Court of Appeal and was determined to bring the case to a successful conclusion. According to him, the importer, over the years, had been represented by nine President’s Counsel as the case dragged on from the time of P.S.M. Charles, Director General, Customs.
Kodituwakku made available letters he wrote to the Customs and other parties on this issue, to The Island. Pointing out that the Court of Appeal on 7 May, 2024, dismissed the importer’s final appeal regarding the case pertaining to the revenue loss of Rs. 16 bn, Kodituwakku said that although the court had cleared the way for the Customs probe, no action had been taken.
However, the Court of Appeal ruling was given before Liyanagama succeeded Seevali Arukgoda as DG Customs on 6 May, 2026. Liyanagama served as Director General of the Department of Management Services at the Treasury before the new appointment.
Kodituwakku said that he had also brought the Customs case to the attention of the Commission to Investigate Bribery or Corruption (CIABOC).
Emphasising the failure on the part of the Opposition to raise this issue, both in and outside Parliament, Kodituwakku said that since the exposure of the BMW scam, during Mahinda Rajapaksa’s presidency, there had been four presidents, namely Maithripala Sirisena, Gotabaya Rajapaksa, Ranil Wickremesinghe and incumbent Anura Kumara Dissanayake. Unfortunately, successive administrations had allowed the interested parties to drag the case. The lack of interest shown by political parties revealed that they not only protected those responsible but encouraged corrupt practices of allowing third parties to import vehicles in terms of permits issued to legitimate recipients of such permits.
Having campaigned on an anti-corruption platform, during the presidential and parliamentary polls in 2024, the NPP couldn’t, under any circumstances, turn a blind eye to this situation, Kodituwakku said, adding that even the IMF should be concerned of the failure on the part of successive governments to recover the money.
By Shamindra Ferdinando
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