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Merrill J. Fernando Foundation & Karan Foundation donate new wing to Point Pedro Base Hospital

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The facility was declared open by Ian & Barbara Karan, and on behalf of Merrill J. Fernando - the Trustees of the MJF Foundation, Messrs Rajan Asirwatham, K. Ravindran and Dilhan C. Fernando

The Merrill J. Fernando Charitable Foundation and Ian & Barbara Karan Foundation have together funded and constructed a 90 bed Ward Block to modernize and expand services at the Point Pedro Base hospital.

The Rs. 110 million project serves the people of the Jaffna District, and all Sri Lankans with the construction of a three-storeyed wing housing Psychiatric, Medical & Surgical wards and consultation rooms.

The previous wards were over a century old, and in dilapidated condition, severely limiting the ward capacity for the 150,000 persons the hospital serves. This extension to Point Pedro Base Hospital, is jointly funded by Dilmah Founder Merrill J. Fernando through his MJF Foundation and close friends Ian & Barbara Karan.

The facility was declared open on Feb. 26 by Ian & Barbara Karan, and on behalf of Merrill J. Fernando – the Trustees of the MJF Foundation, Messrs Rajan Asirwatham, K. Ravindran and Dilhan C. Fernando. The expansion of Base Hospital Point Pedro will address capacity constraints and assure better provision of public medical and healthcare for local communities with better and increased bed strength of 392 beds.

The MJF Charitable Foundation was established by Merrill J. Fernando in fulfilment of his wish to serve humanity through his family tea business. Acknowledging that success is a blessing that must be shared, he has embedded kindness to people and nature at the heart of Dilmah Tea. The MJF Foundation has extensive scholarship, nutrition, vocational training, disability care, entrepreneurship development, mental health, and gender equality initiatives.

The Ian and Barbara Karan Foundation supports youth development, particularly in Sri Lanka. Through the nationwide promotion of charitable initiatives, institutions and projects, the foundation aims to improve education, and support disadvantaged children and young people in the areas of education and sports.

Sri Lankan family tea company Dilmah was founded in 1985 by Merrill J. Fernando who is today the world’s most experienced teamaker. He championed quality and integrity in tea. When Dilmah offered tea grown, picked, and ethically made at source, it was the first time a tea grower anywhere in the world had brought their produce to market. That pioneering philosophy continues in the uncompromising commitment the family company maintains to Taste, natural Goodness and ethical Purpose. A minimum 15% of the pretax profits from Dilmah Tea fund the work of the MJF Charitable Foundation.

In 2016 the MJF Foundation made a significant contribution to the healthcare system in the  North of the island with the construction of an OPD block with an expense of Rs 60 million to ensure that the catchment area of 41,000 people from Kayts and its surrounding seven islands, thereby reducing travel distance to a hospital for the people of the area,   eliminating the travel distance of 16km to the next hospital in Jaffna.

In August 2021, The Merrill J. Fernando High Dependency Care Facility was inaugurated at the Nawalapitiya District General Hospital. This Rs. 25 mn. project provides specialised medical care for the predominantly tea estate workers in Nawalapitiya, and the Central Province. District General Hospital Nawalapitiya (DGHN) provided healthcare services for 500,000 people from the surrounding tea estates, and adjacent Kandy and Nuwara Eliya districts. The hospital capacity was not sufficient to accommodate demand, especially pandemic related patient surges.



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‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit

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After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.

Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.

This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.

Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”

Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.

Event Details:

Venue: Rise Up, Alwis Place, Colombo 03

Date: Thursday, 4th June 2026

Time: From 6.30 PM onwards

Contact : Shelley +94 77 342 3123

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JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute

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Krishan Balendra, Chairperson and CEO

John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.

Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.

The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.

City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.

Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.

John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.

The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.

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RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism

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Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.

Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.

Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.

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