Business
Nawaloka Hospitals tops healthcare on LMD’s Most Respected Entities Listing
Affirming its indelible reputation as the country’s pioneering private healthcare provider, Nawaloka Hospitals roars ahead on LMD’s Most Respected Entities Listing. Nawaloka Hospitals Chairman Dr. Jayantha Dharmadasa was thus honoured as one among LMD’s Most Respected Businesspeople in recognition of his steadfast leadership, powerful vision and immense contribution to expanding the boundaries of Sri Lanka’s private healthcare sector.
Nawaloka Hospitals also claimed victory as the top entity in the healthcare sector and was listed among the Top 20 Companies inducted into LMD’s Hall of Fame. The hospital was elected as the sector winner in terms of corporate culture, CSR and Sustainability, crisis management, honesty, dynamism and quality consciousness. Further, Chairman Dr. Jayantha Dharmadasa and Deputy Chairman Harshith Dharmadasa were recognised on LMD’s illustrious Hall of Fame listing for Chairman and Chief Executives.
This victory is in recognition of the remarkable progress achieved by Nawaloka Hospitals in delivering excellence in clinical outcomes, operational efficiency, patient experience and financial health during the challenging past year. The healthcare giant also prides itself in implementing a strong, sustainable business model that has enabled it to offer diversified operational specialities through high-end, value-added medical services, a model that recently had its financial rating of BBB- with a stable outlook reaffirmed by ICRA Lanka.
“We are deeply humbled to receive such honour among our corporate peers at this particularly challenging period in Sri Lanka. Nawaloka Hospital’s has always strived hard to bring quality, compassionate care to communities, expand healthcare access, promote health equity by bringing care to those most in need, and improve the health of all we serve. Our mission has been especially critical during the COVID-19′ pandemic, which was a catalyst for reinvention, and we believe we are currently positioned to emerge stronger and smarter out of this crisis. I am especially grateful for the unwavering and selfless dedication of our doctors, consultants, staff and all our frontline caregivers for their remarkable and life-changing service.
“I want to stress that a hospital cannot earn acceptance overnight. It is gained from the cultivation of trust and respect over a long period of time. This highly coveted national recognition on LMD’s Most Respected Entities Listing is therefore a clear testament to our place among the people and the high level of corporate respect we have garnered thus far,” remarked Nawaloka Hospitals Deputy Chairman Harshith Dharmadasa.
Commencing operations in 1985 as the first private sector hospital in Sri Lanka, the Nawaloka group has over the years established a strong brand name in the Sri Lankan healthcare industry. The premier multi-specialty hospital was designed to replicate the advanced medical technology and care offered by leading healthcare facilities around the world, and ensure that these services are available to all Sri Lankans. Set to become a centre of excellence in high-tech diagnostic and curative facilities, it is driven by a vision of becoming the hospital of tomorrow. It is currently one of the largest hospital chains in Sri Lanka with a total capacity of 365 beds in Colombo and Negombo hospitals, further strengthened by its island-wide network of labs.
The hospital chain houses world-class facilities in strategic locales across the island to enable Sri Lankans everywhere to access the expertise of a team of reputed consultants and specialists, and supporting medical staff. In 2021, Nawaloka commenced the construction of an extension building to the Negombo regional hospital, further enabling the hospital chain to strengthen its regional presence. Nawaloka Hospitals specialist center also operates 14 speciality treatment centres, including a bone marrow transplant unit, post-COVID care center, kidney centre, neuro centre and heart centre.
Starting January 2021, Nawaloka Hospitals also introduced four world-class, fully-geared Intermediary Care Centres with ICU facilities, by partnering with several star class hotels, to offer a total capacity of 900 beds. The hospital also offers in-house treatment for COVID-19 patients in one of their isolated wings. To date, the hospital had treated over 10,000 COVID-19′ patients.
The Most Respected Entities rankings are based on a survey commissioned and conceptualised by Lanka Monthly Digest (LMD) and conducted by leading research firm Nielsen. This year’s survey covered a sample of 800 respondents, managers and above, from listed companies across a set of 12 different attributes; financial performance, quality consciousness, management profile, honesty, innovation, dynamism, corporate culture, CSR, vision and nation-mindedness.
Business
Positive investor interest at SEC & CSE Colombo investor forums
The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) hosted the first of a new series of country-wide investor forums on the iconic CSE trading floor on 25th June and 9th July in Sinhala and English respectively.
The investor forums collectively attracted over 180 participants, with many first-time investors taking the opportunity to speak to members of the SEC, CSE, Unit Trust Associations and Stockbrokers from 5:00 PM onwards.
The forums opened with presentations from senior economists of the Central Bank of Sri Lanka, including Mrs. Lasantha Wijerathne and Chathura Kulawardena, who provided a high-level overview of the country’s macroeconomic landscape. The session also featured presentations by members of leading stockbroking firms, including Tharaka Peiris, Senior Research Analyst at NDB Securities (Pvt) Ltd, and . Cheran de la Harpe, Manager – Research at HNB Stockbrokers (Pvt) Ltd, who provided participants with an overview of the capital market. In addition, representatives from the unit trust industry, including Asanka Herath, Secretary of the Unit Trust Association and CEO and Head of Equity at Lynear Wealth Management (Pvt) Ltd, and Surath Perera, Chief Investment Officer of Senfin Asset Management Pvt Ltd, introduced participants to investing in unit trusts.
The presentations were followed by an interactive panel discussion featuring the speakers as well as Vice President of the Unit Trust Association, Director and CEO of First Capital Asset Management (Pvt) Ltd Kavin Karunamoorthy, Acting Director General of the SEC Tushara Jayaratne and Executive Vice President – Marketing of the CSE Niroshan Wijesundere.
Following the panel discussions attendees enjoyed the opportunity to meet with stockbrokers and unit trust associations to open new investment accounts. All new investors who opened an account on the days of the forum were entitled to receive an investment coupon.
The forum was conducted amidst a remarkable six-year growth in the capital market which saw the All-Share Price Index (ASPI) rise from 4,846 points in May 2020 to 22,310.80 points by the end of May 2026. This represents a growth of 360% and a compound annual growth rate (CAGR) of approximately 28.98% – with capital gains remaining tax-free prospective investors can be notified of through the CSE website and mobile app.
Business
BASL to host inaugural National Sustainable Development Law Symposium
The Bar Association of Sri Lanka (BASL) will host the Inaugural National Sustainable Development Law Symposium on 21 July at The Hilton Colombo, bringing together legal practitioners, policymakers, judges, academics, corporate leaders, financial sector professionals and development stakeholders for a full-day forum on the growing role of law in advancing sustainable development, climate resilience and responsible economic growth.
Held under the theme From Global Trade, Finance and Investment to a National Imperative on Resilience: Integrating a Sustainability Lens in Legal Careers, the programme is structured around several thematic sessions examining the legal dimensions of sustainability in trade, finance, investment, climate governance and national policymaking.
The sessions will cover areas such as Strengthening Domestic Capacity to Succeed and Thrive Amidst a Changing Climate, Sustainability Due Diligence in Global Trade and Positioning Sri Lanka as a Trade Hub in the Region, Sustainable Finance and ESG Due Diligence in Investments: Sri Lanka and CIFC as a Hub for the Region, and Creating the
The keynote address will be delivered by His Lordship Justice A.H.M.D.Nawaz, Justice of Supreme Court.
The programme will also feature distinguished speakers including Justice Shiranee Thilakawardane – Former Justice of the Supreme Court, Prof. Dr. Marie-Claire Cordonier Segger /Chairperson Sustainable Development Law & Policy, University of Cambridge, Simon Tribelhorn – CEO – Liechtenstein Bankers Association, Ravi Algama, Dr. Asanga Gunawansa, PC, Prof. (Dr.) Kokila Konasinghe – Professor in Law University of Colombo, Dr. Ravindranath Dabare, Centre for Environmental Justice, Neshan Gunasekera, CEO – World Future Council, Ms. Chamindry Saparamadu – Former DG Sri Lanka Sustainable Development Council and Executive Director, DevPro, Prof. Dominic Coppens – International Economic Law Maastricht University Netherlands, Deputy Solicitor General Nirmalan Wigneswaran, Deputy Solicitor General, Dr. Avanthi Perera, Senith Abeyanayake – Research Associate Centre for Smart Future, Ms. Prashani Illangasekera – General Manager Group ESG, Hayleys PLC, Shiran Fernando – SG/ CEO The Ceylon Chamber of Commerce, , Dr. Priyantha Thilakaweera – Director Macroprudential Surveillance, Central Bank of Sri Lanka, Mr. Thilan Wijesinghe – Managing Director TWC Holdings, Mr. Adheesha Perera – Core Group Member Sri Lanka Banks’ Association’s Sustainable Banking Initiative, Mr. Leel Randeni – Director Climate Change Secretariat from Ministry of Environment, Dr. Ananda Mallawatantri – Co-Chair, Climate Action Steering Committee, The Ceylon Chamber of Commerce and Ms. Punyamali Saparamadu – Senior Vice President -Commercial Colombo Stock Exchange.
For further details, please contact the BASL Program Office at 077 588 8781 or
b.jayasinghe@basl.lk.
Business
EFC appoints Yashoravi Bakmiwewa as Director General
The Employers’ Federation of Ceylon (EFC), Sri Lanka’s premier employers’ organisation, has appointed Yashoravi Bakmiwewa as its 14th Director General, marking a historic milestone in the Federation’s 97-year history. She is the first female to serve as Director General of the EFC and also the first female Director General to head an Employers’ Business Member Organisation (EBMO) in South Asia. The appointment heralds a significant era for leadership within the region’s employer representative bodies.
Bakmiwewa succeeds Vajira Ellepola, under whose leadership the Federation further strengthened its position as the country’s leading voice for employers. Her appointment is a further reflection of the Federation’s commitment to continuity, professional excellence, and inclusive leadership as it continues to support employers in navigating the evolving world of work.
An Attorney-at-Law with over 16 years of distinguished service at the EFC, Bakmiwewa, is a graduate of the University of Colombo with a Bachelor of Laws (LL.B.) and a Masters in Labour Relations and Human Resources Management. She was admitted as an Attorney-at-Law of the Supreme Court of Sri Lanka in 2007 and commenced her legal career at the Attorney General’s Department before joining the EFC in 2010.
Since joining the EFC, Bakmiwewa has been instrumental in providing strategic legal and industrial relations advisory services to member organisations representing diverse industries. In 2019, Bakmiwewa was appointed as the Head of the EFC’s training division and under her leadership and guidance, the EFC training division reached several important milestones which was instrumental in strengthening workplace compliance and productive employment relations. Apart from representing members before legal forums, throughout her tenure, Bakmiwewa has contributed significantly to national policy discussions by representing employer interests at key tripartite forums, including Wages Boards and national steering committees.
Following her appointment as the Director General, Bakmiwewa noted that amidst ever evolving socio-economic challenges the world of business has to brave, the EFC is well positioned to navigate them with confidence and excellence. “Our history is one of resilience, having successfully weathered many periods of uncertainty and transformation during its nearly century-long journey. Drawing on that legacy, we are confident that we will continue to adapt, innovate and extend support for private sector businesses to thrive in an increasingly complex and dynamic business environment”
Bakmiwewa also remarks that, in the present AI-driven business environment, the Federation is conscious of adapting to support business transformation while being mindful of the unprecedented environmental and sustainability challenges that are reshaping businesses and economies worldwide.
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