Business
Successful winners of the 2021 Korean Speech Contest announced
As part of “2021 Korea Week” held from 3rd to 10th of November, the Embassy of the Republic of Korea together with the Kandy King Sejong Institute Centre held the 2021 Online Korean Speech Contest. This year, the Korean Speech contest attracted around 90 participants from island wide. The aim of this contest was to provide a platform for those who are interested in Korea and the Korean language to receive recognition and appreciation for their wonderful Korean oratory skills. The themes for this contest were based on their experience with Korean language, Korean culture, history and cities.
Korean Ambassador Santhush Woonjin JEONG noted with satisfaction that “studying Korean has recently been emerging as a trend among young people in Sri Lanka. This year, the Korean language was officially adopted as a foreign language in Sri Lankan public high schools. From 2023, Sri Lankan students can take the Korean language in the university entrance examination. It reflects the high popularity of the Korean language among Sri Lankan young people. I hope more young people from both our two countries will learn the language of each other, become precious assets and build bridges for communication.”
The Korean language is gaining popularity as a foreign language in Asia. The high number of speech contestants is an example of our deep bilateral relations between Korea and Sri Lanka. The growing interest in learning the Korean language among Sri Lankans will lead to effective job creation and widen their opportunities in the international job market. Multilingual communication is an essential ingredient for raising educated, successful citizens who can contribute to strengthening our bilateral ties in the 21st century. Korea-Sri Lanka friendship will rest upon them in time to come.
After a tough competition, the following competitors emerged as successful winners in this 2021 Korean Speech contest. Congratulations (Subapethum)!!
1st Place –
A. M. G. C. J. Abeysinghe
2nd Place –
Hansanayani Amarasinghe
Erandhi Himasha
3rd Place –
Chamoda Sandeepani
M. M. Niroshika Nandasiri
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
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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