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Pradeep Edward appointed Executive Director/CEO at Sadaharitha Plantations

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Sadaharitha Plantations Ltd. has announced the appointment of Dr. Pradeep Edward to its Board as Executive Director and Chief Executive Officer.

He counts over 25 years of work experience in both local and multinational companies, of which 18 years were in the managerial capacity with over 10 years reporting at Board level in General Management/COO and CEO capacity.” I am confident that Pradeep’s wide experience, skills and interests will further strengthen our business strategies to drive innovation and business growth,” said Sadaharitha Plantations Chairman Sathish Nawarathne.”Today our green branches have spread around the world with a growth above industry norms. And we hold over 3,000 acres of sustainable forestry lands of mahogany, Sandalwood, Teak and Aquilaria (Agarwood) as an addition to our portfolio,” he added. Commenting on his appointment, Dr. Edward said: “I am delighted and honoured to be entrusted with this opportunity to join Sadaharitha and work with its passionate team of professionals to nurture and steer the company towards further growth. Sadaharitha is a unique platform, in terms of future profitability, growth and innovation and I look forward to improving consumer experience, while being at the helm of the nation’s market leader in commercial forestry.”Dr. Edward is a Certified Professional Marketer (Asia Pacific), Practicing Marketer (Sri Lanka), Chartered Marketer (CIM-UK), and a Fellow member of Chartered Institute of Marketing (CIM-UK). He was awarded the Fellow Membership of the Institute of Management Specialist (IMS-UK) and a Honorary Fellow from the Institute of Marketing Malaysia and Certified Professional Finance Manager from the Institute of Professional Finance Mangers (IPFM-UK); and a Life Member of the Sri Lanka Institute of Marketing – SLIM. He also holds a Ph.D., MBA, Post Graduate Diploma in Marketing / Business Management and a Diploma in Finance.He was a council member of the Sri Lanka Institute of Marketing, serving in the capacity of President. He is also the Current Secretary General of the Asia Marketing Federation, the Apex body in the region representing over 18 counties. He is also the Vice President of the Private Laboratory Association, Vice President of the OBU of St Peters’ College Colombo-4 and the current Chairman of the Management Club – Colombo.Dr. Edward is a Past President of the Pharma Promoters Association of Sri Lanka, and a Past President of the Buckinghamshire University MBA Alumni. Further, he has served as the Secretary of Sri Lanka Chamber of the Pharmaceutical Industry in association with the Ceylon Chamber of Commerce, held positions at the National Chamber of Commerce and is involved in activities in the Presidential Secretariat. He was a Member of the National Branding Committee to develop a strategic global campaign for Sri Lankan Exports and a Selection Committee member of the EDB. He was also a Director of CPM society at Sri Lanka and was an EXCO member of the OPA.Prior to his current appointment, he served as the CEO of Lanka Hospitals Diagnostics for 3 years where he was instrumental in turning around the LHD business into the next level by achieving an 18% revenue growth and 49% in profitability in the very first year of taking over the operations in 2018. 



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Business

Cost-effective clearance of goods across borders to determine worth of Customs Paperless Declaration

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Containers held up at the Port of Colombo

By Ifham Nizam

The introduction of the Customs Paperless Declaration from October 1 could mark an important step in Sri Lanka’s efforts to modernise trade, but its real value will depend on whether it reduces the time and cost of moving goods through the country’s borders, Customs House Agents & Traders Association President Mohamed Niyas said.

Niyas warned that digitising Customs declarations alone would not necessarily translate into faster cargo clearance or lower costs for businesses.

‘Expecting a dramatic improvement in clearance speed under the present conditions is like expecting Ferrari performance from a Morris Minor configuration, he said.

For importers and exporters, the issue extends well beyond paperwork. Every additional hour or day that cargo remains in the clearance chain can have wider consequences for businesses, including increased port and storage-related costs, additional working-capital requirements, uncertainty over delivery schedules and disruptions to production and distribution.

Niyas said the competitiveness of Sri Lanka’s trading sector ultimately depended on how efficiently goods could move through the country’s border-clearance system.

‘The real bottleneck is not merely the absence of paper. It is the entire clearance ecosystem—the limitations of the existing ASYCUDA World system, excessive regulatory interventions by Other

Government Agencies, multiple approvals, physical examinations, manual interventions, fragmented processes and institutional constraints, he said.

He cautioned that unless these bottlenecks were addressed, there was a risk that the paperless initiative would merely digitise existing bureaucracy.

‘If these underlying constraints remain unchanged, there is a real risk that the new paperless system could become another “copy-and-paste road show”—where an old, complex clearance process is simply transferred onto a digital screen without fundamentally changing the process itself, Niyas said.

For businesses dependent on imported raw materials, machinery, components and other inputs, clearance efficiency can directly affect the wider supply chain.

Delays at the border can create uncertainty for manufacturers, distributors and retailers, while exporters can face difficulties meeting delivery schedules when imported inputs or export consignments are held up.

Niyas therefore argued that the success of the October 1 initiative should be judged by its impact on trade flows rather than by the number of declarations processed electronically.

‘Paperless does not automatically mean faster, he said. ‘Digitising a slow process does not make the process fast. It only makes the slow process digital.’

He said Sri Lanka needed to move towards what he described as “process-less Customs”—a system in which unnecessary procedures are eliminated rather than simply converted into electronic procedures.

Among the reforms he called for are simplification of Customs declarations and approval workflows, improvements to the functionality of ASYCUDA World, greater use of risk-based inspections and better integration of Other Government Agency approvals.

Niyas also called for the elimination of repetitive document submissions and physical endorsements, greater use of pre-arrival processing, sufficient capacity for digital document uploads and clearly defined service-level timelines for Customs and OGAs.

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China backs Sri Lanka’s Non-aligned stance to counter regional pressures

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Chinese Ambassador Wei Huaxiang delivering the keynote address in Colombo

By Sanath Nanayakkare

As global attention has fixed on the high-level diplomatic choreography at the United Nations General Assembly in New York, a subtler, yet profound geopolitical signal was sent from Colombo, yesterday.

In a major address marking the founding anniversary of the People’s Republic of China, newly appointed Chinese Ambassador Wei Huaxiang chose to anchor bilateral relations not just in modern trade or infrastructure, but in a shared respect for Sri Lanka’s legacy of non-aligned independence.

By explicitly invoking Sri Lanka’s foundational role in the 1976 Non-Aligned Summit, Beijing was doing something unexpected in an era defined by fierce great-power rivalry: it was officially validating a small island nation’s right to maintain an independent foreign policy stance.

The Strategic Value of Independence

For decades, nations caught in the crosshairs of major-power competition have faced intense pressure to pick sides. Yet, Ambassador Wei’s embrace of Colombo’s non-aligned tradition signaled a different diplomatic playbook. Instead of demanding alignment, Beijing was framing its partnership as a reliable counterbalance to regional pressures. By honouring Sri Lanka’s diplomatic autonomy, China was effectively reassuring smaller economies that sovereign independence and robust economic cooperation can coexist.

Beyond Ports and Industrial Zones

This diplomatic framing reframed the narrative surrounding major collaborative ventures like the Colombo Port City and Hambantota Port. While foreign analysts often view these projects exclusively through the lens of strategic rivalry, Beijing’s diplomatic messaging tied them back to a historical ethos of solidarity—evoking memories of the 1952 Rubber-Rice Pact.

By marrying economic projects with a stated respect for non-alignment, China is positioning itself as a steadfast stakeholder that respects Sri Lanka’s internal agency during difficult economic and political seasons.

As both nations look toward major milestones in 2027—including the 70th anniversary of diplomatic ties—this nuanced diplomatic move revealed how historic traditions are being leveraged to navigate modern multipolar realities.

For global observers, the takeaway was clear: in the shifting architecture of Asian geopolitics, respecting a nation’s historical neutrality may just be the most effective way to secure a lasting partnership, a diplomatic masterclass that Ambassador Wei Huaxiang executed in style.

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Sri Lanka Insurance Life appoints Dr. Sameera Dharmasena Chief Executive Officer

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Dr. Sameera Dharmasena

Sri Lanka Insurance Life (SLIC Life), the nation’s largest and strongest Life Insurer, is pleased to announce the appointment of Dr. Sameera Dharmasena as its new Chief Executive Officer, effective 22nd September 2026.

Dr. Dharmasena is a distinguished insurance professional with over 21 years of experience in the Sri Lankan insurance industry, having held senior leadership positions across several leading insurance companies affiliated with some of Sri Lanka’s largest business conglomerates. His extensive career spans both local and multinational insurance environments, bringing together broad industry expertise, strategic leadership and a strong commitment to the advancement of the insurance profession.

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