Connect with us

Business

SLIC offers Rs.1million free life cover to parents of children born on World Children’s Day 2023

Published

on

Senior Management of SLIC handing over the Free Life Cover to mothers whose children were born on 1st of October 2023 (L-R) Ms. Chamari Wijesinghe SGNO – Castle Street Women’s Hospital, Dr. Ajith Danthanarayana – Director Castle Street Women’s Hospital, Ronald C. Perera, PC – Chairman (SLIC), Chandana L. Aluthgama – Chief Executive Officer (SLIC) and Dayaratne Perera – Chief Officer (Life) (SLIC)

Sri Lanka Insurance the nation’s insurer, commemorates World Children’s Day by providing a Free Life Insurance cover worth Rs. 1 million for the parents of every child born on the 1st of October 2023. The programme will be carried out on the 1st of October 2023 covering all hospitals across the country. This special Corporate Social Responsibility (CSR) initiative was launched in 2022 with the objective of protecting the future of the children of the country. Realising the value this initiative has added to the community, SLIC decided to continue this initiative for the year 2023 as well.

As the national insurer and a responsible corporate citizen of the country, Sri Lanka Insurance has initiated many projects with the objective of uplifting the communities they operate in. SLIC’s CSR strategy focuses on three main pillars, that is Child Education, Community Development and Preserving Culture for future generations that contributes to the socio-economic sustainability of the country.

Commenting on this unique initiative Chief Executive Officer of Sri Lanka Insurance, Chandana L. Aluthgama said, ‘As a responsible organisation, our commitment towards the well-being of children goes beyond just financial protection. With the current challenging economic conditions demanding a safety net for everyone we believe that Insurance for all is mandatory. As a result, we initiated this special project to provide a free life cover for children born on World Children’s Day 2023. Furthermore, we have introduced many insurance solutions such as the ‘Minimuthu’ product range and the ‘School Fee Protector’ education plan to ensure uninterrupted education for our children. Our efforts as an organisation is not only insuring the lives of our children but also nurturing their dreams and protecting their aspirations today and always”.

President Counsel Ronald C. Perera, Chairman of Sri Lanka Insurance said, ‘Children are the future of the country and to ensure a secure future for them is the responsibility of every citizen of the country. Therefore, as a responsible corporate citizen SLIC has come forward to offer a free life cover to the parents of all children in Sri Lanka who are born on World Children’s Day to secure their future.” (SLIC)

A special event was organized to mark this extraordinary initiative at Castle Street Hospital on the 1st of October 2023 in the presence of the Corporate management of SLIC.



Business

Climate compliance pressure mounts on Lankan businesses

Published

on

Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.

Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.

The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.

The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.

Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.

Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.

Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.

Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.

Continue Reading

Business

SPAR Sri Lanka Opens New Outlet in Kurunegala

Published

on

SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.

The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.

The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.

Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.

“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.

The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.

The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.

SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.

Pic and Text by SK Samaranayake

Continue Reading

Business

Royal end title drought with dramatic shootout triumph

Published

on

The victorious Royal College Under-20 hockey team pose with the championship trophy after emerging unbeaten champions of the All Island Under-20 Hockey Tournament at the Rajarata University Grounds in Mihintale. Front row (left to right): Ronal Edirimanne, Sulaiman Shihar, Gunitha Dissanayake, Dilsara Prabath, Kumuthulu Goonathilake, Savain Karunasiri, Vidu Wijesinghe, Seth Pathirathne, Pasindu Epa and Hirun Lindula. Back row (left to right): Stefan Anthonypillai, Geesath Bathisa, Haazim Dhailamy, Teacher-in-Charge Uditha Kumara, Coach Damith Panditharatne, Captain Aathif Faleel, Kithmina Rathnayake, Vice Captain Lithum Karunasiri, Nehan Wijayanayake, Yusuf Shihar, Ruvi Perera and Rumal Jayasinghe.

Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.

The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.

With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.

A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.

Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.

Royal finished runners-up when the tournament was held in Matale last year.

The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.

Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.

In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.

Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.

In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.

Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.

A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.

For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.

Continue Reading

Trending