Business
Nation has got its priorities mixed up between humanity and availability: Sri Lanka Red Cross chief
by Sanath Nanayakkare
Sri Lanka appears to have got its priorities mixed up between humanity and availability, Jagath Abeysinghe, president of Sri Lanka Red Cross Society told The Island Financial Review recently.
“We hear many concerned voices about the difficulties arising from the shortages of fuel and other commodities as a result of the ongoing foreign exchange crisis, but unfortunately, there isn’t enough concern and attention towards the larger section of the people across the length and breadth of the country who quietly bear the brunt of the economic crisis, and are left without the basic needs to live. So the talk about humanity has taken a back seat, president of Sri Lanka Red Cross Society said.
He made these remarks on the sidelines of a recent event where Uber Sri Lanka announced a USD 200,000 donation to the Sri Lanka Red Cross Society to help vulnerable communities affected by the economic crisis in Sri Lanka. The donations will be used to distribute food and life-saving medicines across the country.
Further speaking the president of Sri Lanka Red Cross Society said:
“Beyond the prevailing shortages of various things that reduce the convenience of life in general, there’s an underlying huge humanitarian crisis. These people don’t have money to buy even basic needs and this is the first time I have seen a humanitarian crisis in its most extreme form ever since I joined the Red Cross as a youth member forty years ago.
“These people are mostly daily income earners with very low-wages. Although poor they worked and lived with dignity and respect until the economic crisis hit them out of the blue. It was not their fault and it was clearly somebody else’s fault. The heart-rending side of this story is they can’t communicate their plight to the world and take their message to the empathetic people out there who feel for them and may well be willing to support them to alleviate their suffering.
“The government because of its limited fiscal space may not be able to support all these people. But it can muster the support of all kind-hearted people willing to contribute to this cause by establishing a transparent mechanism that ensures their donations will directly and definitely go to this segment of people that needs support to live through the crisis time. Unlike in times of natural disasters, the crisis has affected middle-income households too. As a nation, we must draw our prime focus on this and do the best we can do to help them. The corporate sector, NGOs and other organizations need to step in and the government has to adopt a holistic approach to muster and channel their support to these vulnerable sections.”
“There are many compassionate people in the Sri Lankan diaspora working and living overseas who have made their intentions known to us about their willingness to help the people get rid of this frustrating situation. But it has to be coordinated and channeled through a credible mechanism.”
“The media also has to play a key role in bringing this matter to the surface instead of playing up political rhetoric because the need of the hour is to support the poor and vulnerable people among other urgent matters. If all responsible groups and benefactors join hands, we will be able to fulfill our duty towards these voiceless people.”
“Uber has embarked on a timely initiative to assist the most vulnerable people of Sri Lanka by providing financial assistance during this economic crisis. The trust in Sri Lanka Red Cross Society to deliver their aspirations prove that the Society has continued to work for the most vulnerable in its time of need. Such partnerships as this are vital.”
Sharing her views on the partnership, Saskia de Jongh, Regional General Manager for Delivery, Uber APAC, said, “We are committed to helping Sri Lanka and the communities that we serve. We recognize this is a difficult time for the country, and we are pleased to be able to support it via this partnership with the Sri Lanka Red Cross Society. Sri Lanka and its people are full of potential, and both will emerge stronger from this crisis.”
Business
Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market
By Sanath Nanayakkare
Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.
Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.
He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.
“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.
Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.
Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.
Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.
Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.
Business
SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline
SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.
Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.
Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”
Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.
Business
JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50
JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.
As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.
JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.
Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.
Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”
JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.
As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.
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