Business
Republic of Korea donates COVID-19 test kits to Sri Lanka
The Republic of Korea donated COVID-19 test kits to Sri Lanka to mark the 43rd Anniversary of the establishment of formal diplomatic relations between the Republic of Korea and Sri Lanka.
This event was held at the Foreign Ministry in Colombo on December 8, organised by the Foreign Ministry of Sri Lanka in collaboration with the embassy of the Republic of Korea in Colombo. The ceremony was attended by the Foreign Minister Dinesh Gunawardena, State Minister of Regional Cooperation Tharaka Balasuriya, Foreign Secretary Admiral Prof. Jayanath Colombage and ambassador of the Republic of Korea, Santhush Woonjin JEONG.
Delivering the welcoming remarks, Rohana Ambagolla, Director General of East Asia, stated that the donation of PCR test kits reflects the unwavering commitment of the Republic of Korea to take our bilateral relations to new heights. He emphasised that Korea is a key partner to Sri Lanka especially in the economic sphere and recognised the immense contribution of ambassador Santhush Woonjin JEONG for the betterment of the communities in Sri Lanka.
The government of the Republic of Korea donated COVID-19 diagnostic kits amounting to the sum of USD 300,000 to contain and control COVID-19. The government of the Republic of Korea deployed these test kits as a gesture of diplomatic goodwill to deter the spread of COVID-19 here in Sri Lanka. The PCR testing kits were officially handed over by ambassador Santhush Woonjin JEONG to the Foreign Minister at the ceremony.
Foreign Minister Dinesh Gunewardena expressed his pleasure to host this event in the Foreign Ministry to mark the 43rd anniversary of the diplomatic relations between the Republic of Korea and Sri Lanka.
He also reflected on the bedrock of cultural and traditional links upon which the two countries have developed a deep mutual understanding, trust and cordial friendship today. He stated that Korea is one of the leading economic partners of Sri Lanka and KOICA has immensely contributed in the socioeconomic development in key sectors of Sri Lanka.
The Foreign Minister thanked Korea for donating PCR test kits to Sri Lanka to fight the COVID-19 pandemic.”This gesture of goodwill will be undoubtedly remembered and valued by the people of Sri Lanka”. He added that, “Korea and Sri Lanka have shared deep rooted and friendly relations over the decades, and I hope that Korea will walk with us closely in this challenging but rewarding journey of nation-building in Sri Lanka”. He also commended Korea’s efficient mechanism to contain the spread of COVID-19.
Ambassador of the Republic of Korea to Sri Lanka, Excellency Santhush Woonjin JEONG stated that since his arrival in Sri Lanka last July, many aspects of the country have brought him happiness. He expressed his happiness in the excellent diplomatic ties between the two countries.
He noted that a new era has dawned upon Sri Lanka and South Korea can assist Sri Lanka to revitalise its economy and realise the vision of vistas of prosperity and splendour. “I have observed the positive development since I arrived here in Sri Lanka. I can say that it is the right time for Sri Lanka to change and take a leap to a higher level. I believe that Korea is the very country that can help Sri Lanka achieve the vistas of prosperity and splendour. Korea and Sri Lanka share a lot of similarities in history. Korea and Sri Lanka survived, overcame all difficulties and developed ourselves.”
He also expressed his thankfulness to the anti-COVID taskforce,” I acknowledge with gratitude the contribution and courageous measures taken by the authorities in Sri Lanka that have enabled to curtail the spread of COVID-19 in the island”. The Ambassador assured to extend the fullest support to the government of Sri Lanka especially in coordinating the response to the COVID-19 pandemic and assist in issues related to economic recovery. He mentioned that the unwavering cooperation in these tough times is symbolic of the true friendship between our two countries.
Under the “Stay Strong” campaign, Korea and Sri Lanka have been strengthening Anti-Covid collaboration with each other. The Korean Embassy in Sri Lanka has shown its thankfulness by donating re-usable fabric masks to the Sri Lanka Army and Police who have dedicated themselves to protecting people in Sri Lanka including Korean residents amid COVID-19. The Ambassador expressed his commitment to strengthen the public health cooperation in the following year as well. He stated that “Korea and Sri Lanka have been true friends to each other and I would really like to carry happiness (Santhush) to Sri Lanka”.
Business
Samata Kotasak, Samata Ekakayak forums draw large crowds in Anuradhapura & Jaffna
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) have taken their ‘A Share for Everyone, A Unit for Everyone’ (Samata Kotasak, Samata Ekakayak) initiative to Anuradhapura and Jaffna through investor forums last week, as part of an ongoing islandwide effort to broaden investor participation. The forums were held on 10th September at the Golden Mango in Anuradhapura, and on 12th September at the Tilko Jaffna City Hotel. The forums attracted over 600 participants across both locations.
The “A Share for Everyone, A Unit for Everyone” concept, developed by the Chairman of the SEC, Sen. Prof. D.B.P.H. Dissabandara and launched in July of this year, aims to promote a shared commitment to creating wealth and value within a fair, efficient, orderly, and transparent capital market by ensuring broad and accessible participation for all.
As part of this initiative, the SEC and CSE will continue to host investor forums across the country to strengthen investor education and awareness while promoting broader participation in the capital market beyond the Western Province. By leveraging the CSE’s nationwide reach and the growing interest in equity investments, the programme will provide investors with greater access to Sri Lanka’s capital market through stockbroking firms and unit trust management companies.
“Traditionally, Sri Lankan investors have favoured conventional investment avenues, but it has yielded comparatively fewer returns than the capital market,” remarked Executive Vice President – Marketing, CSE, Niroshan Wijesundera, speaking on the Unit Trust and Stockbrokering firm outreach objectives of the broad-basing initiative.
“Over the medium to long term, capital markets have given higher returns. By setting aside small allocations to invest regularly through professionally managed vehicles such as unit trusts, first-time investors can participate in the capital market, receive higher returns in the medium-to-long-term, and gain experience and confidence. On the other hand, those with experience and knowledge can directly engage with the capital market through a stockbrokering firm. Traditional investments are liable to be taxed, whereas investments in the capital market are capital-gains tax free.”
Speaking on the favourable investment climate, he noted that the Sri Lankan capital market is at a relatively low Price-to-Earnings (P/E) ratio of 11.03x in a global context. “As covered in the presentations at the forums, the Sri Lankan capital market has demonstrated comparative resilience in the face of global market corrections, such as the Middle Eastern crisis. Sri Lanka has withstood bigger shocks, such as past crises, the war, COVID-19, the economic downturn, and the fuel crisis.’’
Business
“Pulle Madu” to medical school: record intake signals turning point for plantation sector welfare
Many generations ago, an estate child’s first years began in a cloth hammock strung up near the rows of tea bushes, so a mother could keep working within earshot of her infant. Later a corner in a line room was converted to establish Pulle Madu, where infants and toddlers were sheltered to ensure that plucking by their mothers was not disrupted.
Today, fully equipped Child Development Centers (CDC’s) complete with qualified and trained CDC officers have replaced the old Pulle Madu, to offer children the same level of education and exposure that any child in a city avails. These children receive custodial care, and child development support through these CDC’s, while Early Childhood Centers (ECD) lay greater emphasis on structured early learning through a play-based curriculum, while also providing dedicated spaces for working mothers to breastfeed.
These Centers are the result of the collaborative efforts of the Regional Plantation Companies (RPCs), the Government of Sri Lanka, and key plantation-sector trade unions, including the Planters’ Association of Ceylon. Together, these stakeholders form the tripartite body that established the Planters’ Human Development Trust (PHDT) in 1992, and have since contributed to significant development across the 22 RPCs.
The RPCs collectively spend nearly Rs. 720 million annually to maintain these CDC’s, reflecting the sector’s continued investment in childhood development and the wellbeing of plantation communities. This foundation supports their continued education and health development and, in the long term, helps them progress towards successfully completing the GCE O/L and A/L examinations.
To date, primary school enrolment among children from plantation communities has reached 100%, while approximately 2–3% of students go on to pursue higher education at local universities. Over the past two years, nearly 250 children from plantation families have gained admission to university, marking the highest number recorded by the sector to date. Among them is a young man from Strathspey Estate, now training to be a doctor at Eastern University. “Everything I have achieved is a direct result of my parents’ tireless hard work,” he said, thanking his teachers and the scholarship grant that carried him through school, whose identity is withheld in line with the programme’s standard practice for student privacy.
It also manifests powerfully in Roots to Wings, the university start-up scholarship initiative launched by PHDT in collaboration with the Planters’ Association and other industry partners. “Every year we saw bright students earn a place at university and then risk losing it, not for lack of ability, but because they couldn’t afford a laptop, a set of books, or even proper clothing to arrive on campus with dignity,” explained PHDT Director General Lal Perera. “To correct this situation, after careful study, we facilitated a scheme that bridges the most urgent gap. We cover the immediate start-up costs, while the Regional Plantation Companies, through their CEOs, ensure that the student is carried through to graduation. If a family loses estate housing when a parent retires, we don’t let that end a degree either. Students are granted extensions, and where needed, RPCs provide new housing, supported in part by Indian High Commission grants. Once a child has earned a place at university, we consider it our duty to make sure that place is never lost to circumstance.”
This scheme has become more than financial assistance; it is a lifeline of dignity, continuity, and hope. By addressing the hidden barriers that often derail promising futures, Roots to Wings ensures that talent from the plantation sector is not wasted but nurtured into leadership for tomorrow. It is a model of shared responsibility, where industry stakeholders collectively safeguard the aspirations of youth, transforming vulnerability into opportunity and circumstance into achievement.
The scheme costs an estimated LKR 10 to 15 million a year, funded by various industry stakeholders. The 2024 to 2025 cohort spans 35 Arts students, 22 in Commerce and Management, 13 in Drama and Theatre, 10 in Bio-systems, 7 in Music, 6 in ICT, four each in Medicine and Engineering, three in Engineering Technology, two in Law and 24 across other faculties, a spread once unimaginable on estates where literacy in PHDT’s target areas has climbed from 40 to 84 percent. Specialised degree pathways and vocational opportunities such as Uva Wellassa University’s Bachelor of Science Honours in Plantation Management, vocational training through the National Institute of Business Management and digital learning through the Open University of Sri Lanka has further empowered students with promising academic and career prospects.
The health figures tracked alongside the Department of Census and Statistics and the Family Health Bureau since 1992, shows infant mortality falling from 18.3 per 1,000 live births to 4.65, and under five mortality from 42.6 to 6.26. Maternal mortality, once as high as 150 per 100,000 live births, has fallen close to zero in most recent figures, and stillbirths have dropped from 40 per 1,000 deliveries to under five today. Nearly all deliveries now happen in health institutions, almost every mother receives antenatal care, and every child completes first year immunization, which are gains attributed to better roads, housing, welfare services and preventive healthcare across the estates.
Nutrition support has similarly evolved, with centers moving from contractor-supplied meal packets towards parent-prepared midday meals. A centrally managed kitchen model has also been piloted at Dessford Estate, with a second facility planned at Holyrood Estate. However, officials do acknowledge that nutrition among younger children remains the area needing the most continued investment.
The progress made in improving health outcomes, particularly in reducing infant mortality, is significant. This reflects the RPCs’ continued commitment to community development, which extends to supporting education through scholarship programmes. These initiatives, together with established healthcare and educational support systems, contribute to improving opportunities and outcomes for children and families across plantation communities.
Business
Ceylinco Life dominates NAFLIA 2026 winning 12 top honours, including 5 National Awards
Ceylinco Life has reaffirmed its standing as a powerhouse of sales excellence in Sri Lanka’s life insurance industry, securing an outstanding 12 awards at the 2026 edition of the National Forum for Life Insurance Advisors (NAFLIA), including five National Awards that recognised its professionals as the best in the country.
The awards event saw Ceylinco Life’s sales professionals excel at both the Large Company and National levels, with the company claiming top honours across the Advisor, Supervisor and Branch Manager categories in both levels, while also producing two winners in the Large Company level in the Fast Starter Advisor category.
In the Advisor category, A. P. S. Wijayakumar secured first place at National and Large Company Level, while A. I. P. Manjula was placed second in both levels, giving Ceylinco Life four awards across the two tiers of recognition in this category.
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