News
Singer Sri Lanka Excels in SAFA Best Annual Report Awards 2022
Singer Sri Lanka has achieved outstanding recognition at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards, Integrated Reporting Awards, and SAARC Anniversary Awards for Corporate Governance Disclosures Competition 2022.
Singer secured the prestigious Gold Award for the third consecutive year in the Service Sector (Excluding Financial Services & Communication & IT) category. This remarkable accomplishment reflects the company’s unwavering commitment to transparency, accountability, and governance in annual reporting.
The evaluation process, conducted by SAFA’s esteemed committee, focused on enhancing transparency, accountability, and governance in the published Annual Reports of entities across South Asian countries. Singer Sri Lanka’s success in clinching the Gold Award underscores the exceptional quality and excellence embedded in their annual reporting practices.
The awards ceremony took place at the Hotel Radisson Blu, Kaushambi, Ghaziabad, Uttar Pradesh, India. The event served as a platform to celebrate and honor organizations that have demonstrated excellence in their reporting standards.
Mahesh Wijewardene, CEO of Singer Group of Companies, remarked, “This recognition is a testament to our continuous pursuit of excellence in reporting standards. It reflects the tireless efforts of our team and our unwavering commitment to transparency and accountability.”
Shalinka Seresinhe, Finance Director at Singer (Sri Lanka) PLC, added, “Winning the Gold Award in the Service Sector is a reflection of our commitment to maintaining the highest standards of corporate governance, transparency and accountability in our financial reporting practices. We are honored to be recognized for our efforts in this prestigious competition.”
“As we celebrate this significant achievement, we renew our commitment to upholding the highest standards in corporate reporting and governance. We extend our heartfelt gratitude to SAFA for recognizing our efforts and providing a platform for acknowledging excellence in the industry,” he added.
Latest News
Cabinet approves establishment of Activity-Based Learning Centers at Regional Level for Commerce Education
The importance of establishing learning centers at regional level has been identified in order to achieve multiple objectives, including the development of teachers, utilization as a hub for new technology and resource sharing, enhancement of vocational and higher education opportunities, efficient utilization of limited physical and human resources, integration of new technologies with subject-specific knowledge,
sharing of limited resources to ensure equitable access to education, and development of skills in line with regional potential, thereby contributing to the qualitative development of commerce education.
Accordingly, the project to establish 100 activity-based learning centers for the enhancement of commerce education has been included in the Public Investment Programme as a major investment project in general education, with an estimated total cost of Rs. 289 million, to be implemented during the period 2026–2028.
Having considered the proposal submitted by the Prime Minister, in her capacity as the Minister of Education, Higher Education and Vocational Education, Cabinet approval was granted to establish and operationalize 25 regional centres covering all 25 districts.
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M/s. Resources Development Consultants (Pvt) Ltd appointed to prepare Feasibility Study and detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura
Approval was granted at the Cabinet Meeting held on 21-10-2025 to carry out a feasibility study and prepare detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura.
The calling of expressions for this purpose has been conducted under the national Competitive Procurement Procedure, and 8 bidders have submitted their Expression of Interest in that respect.
Following the evaluation of technical proposals submitted by the short-listed bidders, and financial proposals of the 4 eligible institutions have been opened. Subsequent to the evaluation of the aforementioned financial proposals, the Consultant Procurement Committee has recommended awarding
the consultancy for the feasibility study and preparation of detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura to M/s. Resources Development Consultants (Pvt) Ltd at a total cost of Rs. 356.22 million (exclusive of taxes).
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Transport, Highways and Urban Development to award the said procurement in line with the above recommendation.
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Import and Export (Control) Regulations No. 01 of 2026, issued under the Imports and Exports (Control) Act, No. 1 of 1969, to be submitted for concurrence of the Parliament
The Special Import Licence Regulations No. 01 of 2023, published in Extraordinary Gazette No. 2312/77 dated 01-01-2023, prohibit the importation of retreaded tires, including those used for aircraft.
However, the Ministry of Ports and Civil Aviation has made a request that an exemption be granted to permit the importation of retreaded aircraft tires classified under HS Code 4012.13 for Sri Lankan Airlines.
Taking into consideration essential operational and safety requirements, it has been decided to permit the importation of retreaded aircraft tires classified under HS Code 4012.13, subject to the recommendation of the Ministry of Ports and Civil Aviation, provided that such tires comply with the requirements specified by internationally recognized aviation authorities and are imported by Sri Lankan airline operators engaged in international air services under a duly executed supply agreement between the airline and a certified international supplier.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to submit the Import and Export (Control) Regulations No. 01 of 2026, published in Extraordinary Gazette No. 2481/02 dated 23-03-2026 under the provisions of the Imports and Exports (Control) Act, No. 1 of 1969, for the concurrence of the Parliament.
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