Business
KVPL wins Gold for Social Responsibility and Environmental Awareness at Commonwealth Business Excellence Awards 2023
Leading Sri Lankan Regional Plantation Company (RPC) Kelani Valley Plantations PLC (KVPL), a subsidiary of Hayleys Plantations, clinched the Gold Award in the Social Responsibility and Environmental Awareness category at the Commonwealth Business Excellence Awards 2023, a company news release said.
The awards also recognised KVPL’s General Manager/HR & Corporate Sustainability Anuruddha Gamage’s efforts to drive impactful, sustainable change across the organisation with the ‘Catalyst for Change in Organisational Knowledge Management into Business Excellence’ Award, it added.
Organised by the Commonwealth Partnership Summit and hosted at the Pan Pacific Hotel, Singapore, the event recognises the vital social and environmental contributions of organisations that raise the bar in service excellence, their commitment to customers, philanthropic ideals, ethical behaviours and environmental sustainability.
Commenting on the win, Hayleys Plantations Managing Director Dr. Roshan Rajadurai stated, “As industry leaders in the Sri Lankan Plantations Sector, our pursuit of excellence and our holistic commitment to ESG drives us to enhance our sustainability efforts. We believe that safeguarding the environment in all aspects of our operations is vital for a sustainable future.
“From our fields to our facilities, Hayleys Plantations is devoted to building a sustainable future for the tea industry. We recognise the substantial untapped potential in this Sector, and we’re driving this transformation through collaborative efforts like the inaugural International Plantations Sustainability Summit held in July 2023.”
The Awards process evaluated KVPL’s annual report and submission, cementing them as the Category Winner for their sharp focus on sustainability.
“Our focus and efforts on aligning our company with a socially responsible strategy came into fruition after we embarked on a multitude of bold initiatives, including our biodiversity assessment, water management, energy management, sustainable forestry and carbon emission quantification, to name a few. In essence, we set local and global benchmarks in our pursuit to ensure we met our social and environmental commitments,” KVPL Director and CEO Anura Weerakoon noted.
“Following the footsteps of its parent company, the Hayleys Group, KVPL launched its own ESG-driven roadmap, KVPL’s Corporate DNA, making its commitment to social and environmental responsibilities through tangible on-ground actions evident,” the release said.
“Making significant strides in environmental stewardship in its pursuit of predetermined, science-based targets, KVPL stands out as the first RPC in the country to embrace the UN CEO Water Mandate, taking responsibility for preserving water bodies within its boundaries. The Kelani Valley Protectors initiative, launched to undertake tree planting and water conservation initiatives, further aligns with the company’s strong commitment to climate neutrality. At the Halgolla Estate, KVPL reported a remarkable 39% increase in biodiversity richness compared to the assessment conducted five years ago. “
KVPL was also the first Sri Lankan company to obtain the Rainforest Alliance certification across all tea estates and FSC certifications for its low-country rubber estates securing the global organic latex certification.
The RPC was the first local plantations company to commit to the United Nations Global Compact’s (UNGC) 10 Principles. Moreover, KVPL also became the first RPC globally to be ranked as a Great Place to Work for two consecutive years.
The Hayleys Plantation Sector’s community development initiatives have also been a significant component in KVPL’s social responsibility and corporate sustainability journey, with a key focus on the first of its kind ‘A Home for Every Plantation Worker’ campaign launched in 2006.
The initiative has ensured that 8,750 plantation workers and their families have been provided with housing facilities uplifting the lives of the community since its inception. The project encompasses the overall quality of life of the community by focusing on four key pillars: Living Environment, Health & Nutrition, Community and Capacity Building, and Empowerment of the Community.
Business
Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook
Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.
The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.
The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.
The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.
Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.
Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.
The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.
Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.
Business
Tata Group leads humanitarian education support initiative with DIMO and ChildFund
The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.
Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.
As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.
This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.
This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.
Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”
Business
NovaNest Properties launches Rainbow Apartments in Ratmalana
NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.
The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.
The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.
Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.
-
Features5 days agoPrison riots and politics: NPP’s biggest challenge and Sri Lanka’s biggest opportunity
-
Editorial6 days agoWhat’s the world coming to?
-
Foreign News7 days agoTensions erupt in Indian state after 11-year-old raped and murdered
-
Features2 days agoDirty Money
-
Editorial5 days agoMuch ado about crime: Fish or cut bait
-
Features5 days agoMore on Saudi Arabia: ARAMCO and beyond
-
Latest News3 days agoOil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
-
Features4 days agoDeepening Democracy – Constitutions and Constitutionalism
