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SLT statement on media coverage of Board changes

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The Board of Directors (“Board”) of Sri Lanka Telecom PLC (“SLT”) refer to the recent media coverage of Boardroom changes at SLT.

This note is to provide factual information and clarity on the corporate identity of SLT, the role, responsibilities, authority and accountability of management and the Board (including the Chairman of the Board), and in particular the separation of powers between the Board and Management. All of the information in this note is already available in public sources.

SLT was incorporated under the then Companies Act No. 17 of 1982 (now superseded by the Companies Act No.7 of 2007). SLT is listed and quoted on the Colombo Stock Exchange (“CSE”) and is governed via the tenets of SLT’s Articles of Association (“Articles of Association”). The Government of Sri Lanka and Global Telecommunications Holdings (“GTH”) have a 49.5% and 44.98% equity interest in SLT. SLT has about 13700 other shareholders. As disclosed in the Annual Report, GTH is wholly owned by Usaha Tegas Sdn Bhd, which is incorporated in Malaysia. SLT is therefore not a state-owned corporation nor a government organization as opposed to government corporations established under separate enactments.

As a listed company, SLT complies with the CSE Continuing Obligations and the Code of Best Practice on Corporate Governance (“CG Code”). A copy of the Articles of Association is available for review at its registered office and the websites of SLT and CSE.

The Board plays a stewardship role in accordance with the CG Code which provides details on the role, responsibilities and authority of the Board and Management.

The Board, including the Chairman, is non-executive. This means that no director, including the Chairman of the Board, has the authority to make individual decisions or give individual instructions to members of management or staff. Board decisions and instructions are made and conveyed by formal, minutes and collective Board decisions.

The position of the Chairman at SLT is not to be confused with that of Executive Chairman in other public companies or State-Owned Corporations. The Chairman of the SLT Board has the primary role to chair board meetings and facilitate and ensure the workings of the Board. The Chairman is appointed by the Board in accordance with the Articles of Association.

All Directors, including the Chairman are non-Executive and are not employees of SLT. Their role is not full time. They are therefore not entitled to a salary nor benefits that accrue to employees. All Directors in SLT, including the Chairman, do receive fees for the discharge of their fiduciary duties.

SLT is led by a Chief Executive Officer (“CEO”) who is appointed by the Board. It is the CEO and the management team that operate the business and make the executive decisions within the powers provided to them by the Articles of Association. The CEO is an employee and is paid a salary.

The separation of powers, that the Board undertakes the oversight role and the management the executive role, ensures clear delineation of roles, responsibilities, authority and most importantly, accountability.

Compliance with related party transactions and its related disclosures in accordance with Sri Lanka Financial Reporting Standards 24 are monitored by the Related Party Transactions (“RPT”) Committee of the Board. The Board wishes to confirm that the present Chairman has not only disclosed his related party interests but that he has in fact made disclosures over and above regulatory requirements. The Board has robust controls in place to ensure that if a director does not disclose related party interests or interferes in areas where there is conflict, the Board will take the necessary action in accordance with the law and regulations.

The Board does hope that this statement provides clarity for the informed stakeholder. We humbly request that aggrieved and interested parties that have concerns regarding the governance of SLT address the appropriate forum of the regulatory authorities or the courts of law. The Board will not want to enter into the bowels of public debate and correct each and every uninformed, misguided, erroneous or unwarranted statement.



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New Seafarer Welfare Centre launched in Colombo to support maritime workforce

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NUSS President Boa Athu

By Sanath Nanayakkare

A new welfare centre named “The Palace,” established by the International Transport Employees’ Federation (ITF) in collaboration with Sri Lanka’s National Union of Seafarers (NUSS), was recently inaugurated in Colombo. The facility aims to address the physical, mental, and legal needs of seafarers, with a focus on both local and international maritime workers transiting through Colombo’s port and airport.

NUSS President Boa Athu stated that the centre anticipates serving 800–1,000 seafarers in its first year, with plans to expand services as demand grows. While priority access is given to NUSS members and ITF-affiliated seafarers, the facility will also welcome foreign crew. Athu emphasized that non-members are encouraged to join NUSS for full benefits, calling it a “win-win” for affordability and accessibility.

The centre is funded entirely by NUSS and the ITF Seafarers Trust, with no direct government or private-sector partnerships. Athu expressed confidence in long-term sustainability, citing plans to enhance service quality and membership growth as key strategies to navigate economic challenges.

“The Palace” will provide family-friendly accommodations, mental health workshops, a gym, recreational spaces, and medical services. A dedicated ITF inspectorate, led by veteran official Ranjan Perera, will handle crisis support such as abandonment cases, wage theft recovery, and emergency repatriation. Perera’s team has already repatriated a seriously injured seafarer and reclaimed over $3 million in stolen wages.

Colombo was selected due to its status as a major transit hub for seafarers in South Asia. While the centre addresses gaps in regional welfare infrastructure, Athu revealed plans to launch similar facilities outside Colombo in the future.

English will serve as the primary language, though staff training and peer support among seafarers aim to bridge cultural and linguistic gaps. The centre also offers a mental health hotline (1331) and a mobile app, which will be upgraded to integrate “The Palace’s” services.

Key performance indicators include annual occupancy rates, the number of members served, and reductions in issues like abandonment. ITF and NUSS will jointly monitor outcomes to ensure effectiveness.

The centre pledges support for seafarers caught in conflicts or disasters, such as those navigating the Red Sea crisis. “Our doors will always be open in emergencies,” Athu affirmed.

The initiative aligns with ITF and NUSS goals to elevate seafarer welfare standards globally and support Sri Lanka’s ambition to add 50,000 new seafarers to its workforce. “We’re all singing from the same songbook,” said Athu, calling the project a “challenging but exciting” step forward for the industry.

The launch underscores Colombo’s growing role in maritime welfare, combining local expertise with international partnerships to safeguard seafarers in an increasingly complex global trade landscape.

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Dialog Enterprise and Huawei drive digital innovation with Wi-Fi 7

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Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata, continues to lead the way in delivering enterprise-grade wireless connectivity, empowering businesses with high-performance networking solutions. As a pioneer in Business Connectivity, Dialog Enterprise has deployed advanced wireless connectivity solutions across corporate offices, industrial factory floors, and leading hospitality venues, ensuring seamless connectivity tailored to the unique demands of each sector.

Taking a significant step forward, Dialog Enterprise, in collaboration with the global technology innovator Huawei, has now deployed Sri Lanka’s first Wi-Fi 7 network at two key partner locations: the Sri Lanka Institute of Information Technology (SLIIT) and The Kingsbury Hotel. These deployments mark the beginning of a nationwide transformation, bringing next-generation wireless capabilities to organisations that demand high-speed, ultra-reliable, and secure connectivity.

Wi-Fi 7 is designed to cater to environments with high traffic, a vast number of connected devices, and extreme throughput requirements. Using the latest 6 GHz spectrum, 4K-QAM modulation, and Multi-Link Operation (MLO), Wi-Fi 7 delivers speeds up to four times faster than its predecessor, with significantly lower latency. This makes it ideal for industries requiring real-time collaboration, high-definition video streaming, large-scale cloud applications, and AI-driven operations.

At SLIIT, the Wi-Fi 7 deployment enhances virtual learning, collaborative research, and an enriched student experience, supporting the institution’s digital-first approach to education. At The Kingsbury Hotel, ultra-fast, high-capacity Wi-Fi ensures guests enjoy buffer-free streaming, seamless remote work, and smart room integrations for an enhanced hospitality experience. Beyond education and hospitality, Wi-Fi 7 has the potential to impact industries such as healthcare, manufacturing, and security. It could enable real-time telemedicine, rapid transfer of large medical files, and IoT-enabled smart medical devices in healthcare. In manufacturing, the ultra-fast network may support smart factory automation, seamless device communication, and predictive maintenance analytics. For security and defence, Wi-Fi 7’s low latency and advanced encryption capabilities could enhance real-time surveillance and rapid data processing for critical infrastructure.

“Wi-Fi 7 represents a major leap in connectivity, enabling industries to meet growing digital demands with greater speed, capacity, and security. Our partnership with Dialog Enterprise ensures businesses benefit from cutting-edge wireless solutions that drive innovation and efficiency,” said Hao Zhiqiang, Vice President, Sri Lanka Enterprise Business of Huawei.

“Wi-Fi 7 represents a transformative leap in connectivity, enabling organisations to meet the ever-growing demands of digital transformation. Whether in education, hospitality, or enterprise, our goal is to provide cutting-edge wireless solutions that deliver exceptional performance, reliability, and security,” said Navin Pieris, Group Chief Officer of Dialog Enterprise. “Our collaboration with leading global partners ensures we bring best-in-class innovations to our customers, helping them stay ahead in a hyper-connected world.”

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Aitken Spence Travels secures prestigious CPM Best Management Practices Award for second consecutive year

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Aitken Spence Travels receiving their awards

Aitken Spence Travels, Sri Lanka’s premier destination management company, has once again demonstrated its industry leadership by winning the prestigious CPM Best Management Practices Company Awards (BMPC) 2025 under the Hospitality and Tourism Services category. This marks the second consecutive year that Aitken Spence Travels has been honoured in this category, reaffirming its status as an unparalleled leader in the travel and tourism sector.

This successive win signifies Aitken Spence Travels’ unwavering commitment to raising the bar within the travel and tourism sector. By continuously implementing and recognising best management practices, the company embraces the importance of management practices that are practical and always offers a solution for the overall efficiency of the company and the industry as a whole, solidifying Aitken Spence Travels’ position as a leader in travel and tourism.

The “Best Management Practices Company Awards 2025,” is organised by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka), as a commitment to championing the best management practices of the public and private sector organisations. The awards held in its third consecutive year due to its overwhelming success of the editions acknowledge outstanding leadership, commendable policies and strategies, effective people management, successful partnerships, resource utilisation, streamlined process and outstanding performance. The awards not only applaud excellence but also served as a valuable framework for management teams to reassess and challenge themselves within the context of their respective organisations. The applicants are subject to a rigorous evaluation process that include a comprehensive report submission followed by a presentation before an esteemed panel of judges. The awards endorse the best management practices of companies during the year.

Commenting on this remarkable achievement, Stasshani Jayawardena, Chairperson of Aitken Spence PLC and Head of the Tourism sector of Aitken Spence PLC inclusive of hotels, destination management and overseas travel, stated, “As the market leader, this recognition to Aitken Spence Travels further establishes that best management practices can be implemented and shared for the greater good of the industry and signifies the competence of our team to better serve our customers”.

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