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Lion Brewery commissions Sri Lanka’s first innovation centre for craft brews

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From left: Thusith Gunawarnasuriya- Chief Supply Chain Officer, Mano Selvanathan- Director, and Rajiv Meewakkala-Chief Executive Officer of Lion Brewery (Ceylon) PLC, inaugurate the Lion Innovation Centre

Lion Brewery (Ceylon) PLC announced the commissioning of Sri Lanka’s first Innovation Center dedicated to the research and development for craft and specialty brews targeting export markets, which is also a BOI-approved project. This initiative is the latest milestone in Lion Brewery’s continuous journey in brewing innovation and is poised to further the presence of Sri Lankan brews on the global stage.

Industry research shows global demand for craft and specialty brews growing exponentially in the next five years, driven by consumers seeking high-quality flavor innovations made sustainably and ethically. Moreover, this demand is also visible through the tourism industry, with travelers looking for specialty food and beverage offerings to enhance their unique travel experience.1

The Lion Brewery Innovation Center is established in such a backdrop and will be the first-of-its-kind facility in Sri Lanka. Equipped with best-in-class European brewing equipment, the unit is designed to test and scale diverse brewing styles enhanced with locally sourced ingredients for the development of value-added products.

Commenting on this landmark initiative, Rajiv Meewakkala, Chief Executive Officer of Lion Brewery (Ceylon) PLC said, “At Lion Brewery, we take immense pride in taking Sri Lanka’s skill in innovation and brewing excellence to the world. We are deeply committed to our role as a key contributor to the national economy, and this Innovation Center represents a key milestone in our future-focused growth plans. It allows us to leverage the burgeoning global demand for craft and specialty brews while further strengthening our contribution to Sri Lanka’s economic progress.”



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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