Business
Major private companies call for immediate solution to economic crisis
By Steve A. Morrell
Some of the country’s major private sector companies yesterday called for an immediate solution to the country’s current economic crisis.
Some 23 companies, representing numerous sectors, stressed this need yesterday at a press conference held at the Jaic Hilton Colombo Residences. They account for approximately 50 per cent of the working population of the country, besides producing goods and services to the tune of USD 16.8 billion yearly.
At the head table were, Rohan Masakorale, Yohan Lawrence, Jayantha Karunaratne, Sandra De Zoysa, Russel Juriansz and Talet Sharma.
The consensus which emerged from discussions among these companies was that, rather than dwell on negatives, the task of reviving the economy has to be gone ahead with as a priority.
The companies said the support of the media too was essential to solve the crisis. It was imperative that the private sector and the media unite their resources to get over the economic debacle faced by the country.
Sections of the press expressed the view that the new Central Bank Governor was better equipped to handle the economic debacle rather than the previous Governor who resorted to printing money wihich had no relevance to production.
The press posed the question whether the President had read the contents of a letter that was submitted by the companies to him on the economic situation of the country. Replying to this question Rohan Masakorale said the companies present could not say if he had read the letter or not, but it was now of importance to note that no comment on the letter was forthcoming from neither the President nor his advisors.
Views were also expressed that Sri Lanka’s request to the IMF for financial assistance and advice should have been made long before the current serious situation emerged.
Jayantha Karunaratne, representing the Tea Exporters Association, said the tea industry, now over 150 years in existence, was faced with a crisis which affected in the main the smallholders of the sector who were responsible for about 75 per cent of tea production. He said Sri Lanka was responsible for 5 per cent of global tea production. Unless the government takes positive action, we would lose the global tea market.
Russel Juriansz said the IMF and the World Bank were of importance to Sri Lanka, based on their effective financial management some years ago. Yohan Lawrence representing the Joint Apparel Association Forum and Talet Sharma along with Sandra de Zoysa also spoke.
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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