Business
SL adopts new system to measure and report industrial GHG emissions
In a win for climate action, Sri Lanka has adopted a new monitoring system to map greenhouse gas (GHG) emissions from industries. This is a major step towards meeting the national goal of cutting industrial sector GHG emissions by 7 per cent by 2030. The establishment of the new measurement, reporting and verification (MRV) system was facilitated by the EU-funded Accelerating Industries’ Climate Response in Sri Lanka project, which aims to support the industrial sector to decarbonize, and help Sri Lanka meet its commitment to combat global warming.
Led by the Ministry of Environment’s Climate Change Secretariat (CCS), the new MRV system is the result of a one-year collaborative effort involving public and private stakeholders, with the United Nations Industrial Development Organization (UNIDO) fielding international experts to provide technical support to this important process.
Now in place, it constitutes a robust monitoring arrangement that can track GHG emissions for energy use in manufacturing as well as in industrial processes and product use in line with global standards for accuracy and transparency. The system also tracks the mitigation policies and measures in place for industrial processes and product use.
The Central Environmental Authority (CEA), Department of Census and Statistics (DCS), and Sri Lanka Sustainable Energy Authority (SLSEA) are working hand-in-hand with the Ministry of Environment to gather, refine, analyze, and report industrial emissions data.
Once fully operational, the new MRV system will allow the government to formulate data-driven policies and well-informed strategies to reduce and remove GHG emissions, while aiding national planning and coordination. Moreover, it means Sri Lanka is better able to meet domestic and international disclosure requirements, including reporting against Nationally Determined Contributions (NDCs) in line with the Paris Agreement.
Business
Ceylinco Life agent among three global finalists for award
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.
Business
CEAT Kelani retains AA+ rating for sixth year
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.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
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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