Business
Nilmini Kumari Fernando succeeds father at Neil Marine & Penthouse
Neil Marine and the Penthouse Group, Sri Lanka’s leading manufacturer and service provider for fibreglass boats and other marine services, and one of Sri Lanka’s diversified conglomerates, has announced that Ms. Nilmini Kumari Fernando has taken control, management and ownership of the Company. Ms. Fernando succeeds her father, the late Mr. Neil Fernando, Founder Chairman and Owner of Neil Marine and the Penthouse Group of companies, a company news release said.
“Ms. Fernando holds a BSc. in Business Administration from the University of San Francisco, USA, along with an LLB (QLD) Hons. from the University of London, UK and an LLM Hons. in International Business and Commercial Law from the University of West London, UK. While employed, she successfully passed the QMS Lead Auditor examination in Mumbai, conducted by Lloyd’s Registrar, UK, and oversaw the entire Group’s ISO /Quality Management System,” it added.
“She has also gained many years of business and industry experience, under the guidance and mentorship of the late Mr. Neil Fernando, making her suitably qualified and experienced to fulfil and discharge the responsibilities and duties of her new role as Chairperson of Neil Marine and the Penthouse Group.”
Commenting on the change in leadership, Ms. Fernando said, “Under the mentorship of my late father, I have gained a holistic understanding of our business operation and established rewarding relationships with our valuable customers in Sri Lanka and abroad. Through my academic pursuits, I have gained a wealth of experience and seen and understood the world at large, particularly in the sphere of international business and the laws and treaties governing it.
“Therefore, relying on the experience I have gained, and the guidance provided to me by my late father, I intend to guide the business into a new era, where we can leverage our strengths and our global relationships to grow stronger, and work with our valued customers, to win together. I take this opportunity to reassure our new and existing customers that, while Mr. Neil Fernando may no longer be with us, his spirit and vision remains stronger than ever at Neil Marine and the Penthouse Group.”
Established in 1969, as a pioneer in the fiberglass boat manufacturing industry in Asia for over 52 years, Neil Marine is one of South Asia’s Largest Fiberglass Boat Builders. To date, the Company has built and supplied over 40,000 vessels and exported more than 2,000 vessels to markets in the UK, Europe, Africa, Asia and the Middle East.
Neil Marine’s portfolio of vessels include fishing boats, commercial & work boats, passenger ferries, patrol & surveillance crafts, luxury motor yachts & cruisers and luxury motor sailors and catamarans, with lengths ranging from 6m to 35m. Neil Marine is an ISO 9001:2008 certified, Sri Lanka BOI approved company. The Company is also approved by the Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and the Indian Register of Shipping, and is accredited by the IACS (international association of classification societies).
Through its various subsidiaries, collectively referred to as the Penthouse Group, the business is also a diversified conglomerate with interests in associated marine services, including being the sole distributor for both Suzuki Outboard Motors and Doosan Inboard Marine Diesel Engines in Sri Lanka, while also acting as the sole distributor for world renowned Shell lubricants in Sri Lanka. The Group is also involved in the businesses of polyurethane foam products, sewing machines, apparel industry support services and others.
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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