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Rainco appoints retail professional Dinesh Dharmaratne as new CEO

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Dinesh Dharmaratne

Rainco (Pvt) Ltd, one of the leading business conglomerates and manufacturers of umbrellas, mosquito nets, and rainwear in Sri Lanka, officially appointed Dinesh Dharmaratne as the Chief Executive Officer on July 1st, 2023.

This appointment follows the announcement of Ahamed Aroos, the outgoing CEO, expressing his intention to leave the organization. Aroos collaborated with Dharmaratne during a transition period to ensure a smooth handover and successful closure of the transaction. The Board of Directors expressed their gratitude to Aroos for his exceptional leadership, guiding Rainco to achieve record results despite external challenges, a company news release said.

Aroos, who served as Rainco’s CEO since 2019, joined the company’s leadership team in 2017 as the Chief Operating Officer. Building on the company’s heritage, He implemented and executed a growth agenda, known as “20-2X,” which significantly increased profitability and shareholder value of the organization.

Dharmaratne, the newly appointed CEO, brings with him a career spanning over 26 years of management excellence in some of Sri Lanka’s premier corporations. With extensive experience and a track record in corporate management, he has held key senior management roles, including a notable six-year tenure as the CEO of Suzuki Motors Lanka Limited and After Sales Service and Furniture Manufacturing verticals of Softlogic Retail (Pvt) Limited.

Throughout his career, Dharmaratne has played a pivotal role in steering companies towards growth and profitability. His contributions have fostered strong customer relationships, amplified brand presence, and optimized service delivery, the release said.

Rainco is a manufacturing, marketing and distribution company dealing across the categories of fashion and travel accessories, homeware, baby care and shoe care categories, with a dominant position in its home market. Rainco has expanded its footprint into global markets and has built partnerships with world-renowned brands. With a workforce of over 1,200, Rainco caters to a wide corporate, retail and household client base, it concluded.



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Business

Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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