Business
LOLC brings together 150+ CXOs and business leaders from across its operations in 26 countries at Global IT Conference 2026
LOLC Holdings PLC, brought together over 150 CXOs, business leaders and technology executives from across the LOLC Group’s operation in 26 countries for the third edition of the Global IT Conference 2026, the Group’s flagship technology and business transformation forum.
Held under the vision ‘Two Worlds, One Enterprise’ and the theme ‘Innovate at the Edge, Secure the Core,’ the three-day conference brought together CEOs, CFOs, COOs, CIOs, Heads of IT and business leaders representing the Group’s operations across Asia, Africa, the Middle East and Australia. Featuring over 20 expert speakers, presentations by Group leaders, five project showcases and representation from more than 50 subsidiaries and business units, the conference served as a strategic platform to align leadership, technology and business priorities for LOLC’s next phase of growth.
The conference commenced with a focus on leadership, strategy and innovation, featuring keynote addresses by Ishara Nanayakkara, Chairman of LOLC Holdings PLC, and Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC. Discussions explored how artificial intelligence, data, cybersecurity and digital platforms are reshaping industries, unlocking new opportunities for growth, enhancing operational excellence and strengthening enterprise resilience.
Addressing the conference, Ishara Nanayakkara stated, “Our journey demonstrates that no ambition is too great when backed by conviction, innovation and execution. As technology continues to reshape industries, we must embrace artificial intelligence with the same boldness that has driven our growth, ensuring it becomes a catalyst for our next phase of global expansion and value creation.”
Speaking on LOLC’s transformation agenda, Kapila Jayawardena stated, “LOLC’s next chapter is about transforming scale into intelligence. By bringing together technology, data and people, we are building a connected enterprise that can make faster decisions, respond with greater agility and create consistent value across our global operations.”
The second and third days focused on artificial intelligence, data intelligence, cybersecurity, digital platforms, governance and enterprise resilience. Experts from Microsoft, EY and KPMG shared insights on emerging trends, while panel discussions featuring leaders from the LOLC Group’s financial and non-financial sectors exchanged perspectives on governance, risk management, digital transformation and building secure, data-driven enterprises.
Speaking on the future of AI-enabled enterprises, Conrad Dias, Chairman of LOLC Technologies PLC, stated, “Technology is no longer a support service to business; it is shaping how businesses operate, compete and grow. At LOLC, we are transforming from an IT-led technology organisation into a business-led enterprise, empowering leaders across our markets to innovate at the edge while being supported by a secure and resilient core. The future will belong to organisations that successfully combine technology, data, AI and trust to create better outcomes for customers, employees and stakeholders.”
The conference concluded with an interactive Q&A session and the recognition of the top five project winners, celebrating innovation, collaboration and excellence across the Group.
As LOLC continues to expand its international footprint, the Global IT Conference 2026 reaffirmed the Group’s commitment to fostering collaboration across its global operations, strengthening digital capabilities and building a future-ready, AI-enabled enterprise where business leadership, technology and innovation work together to create sustainable value.
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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