Business
Together as One: Softlogic Life honors Top Sales Performers at Annual Sales Convention 2023
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Softlogic Life, Sri Lanka’s 2nd largest life insurer, recently hosted its Annual Sales Convention on the 6th of April 2023 at the Shangri-La Hotel Colombo. Resonating with this year’s theme, ‘Together as One’, the grand event brought together and felicitated top performers across the company’s three sales verticals—Agency, Alternate and Micro Channels, for their outstanding dedication to continuing delivering exceptional customer service to their esteemed clientele.
Playing a vital role in driving the success of Softlogic Life in 2022, the sales convention celebrated the remarkable achievements of over 100 sales team members. The top winners included 68 from the Agency channel, 16 from Alternate channel, and 11 from the Microchannel.
Indu Attygala, Deputy Chief Executive Officer of Softlogic Life, stated, “We are extremely proud to recognize and felicitate our top sales performers, who have performed exceptionally well despite difficult economic conditions and have contributed greatly to the success of our company. This year’s convention allows us all to come together as a company and celebrate our loyal sales force’s hard work, allowing us to reflect on our successes and challenges and strategies for the future. As we continue navigating the industry, our people remain the driving force behind our success, and we remain committed to supporting and providing adequate resources they need to excel in their roles. I want to extend my heartiest congratulations to all our top performers and look forward to their achievements in the future.”
The winners of the Agency Channel were recognized under the categories of Certificate Recognition in Business Management, Field Management, Regional Distribution Management Category, Gold Life Member Category, Hall of Fame, Best Performer PCU Award, Best PCU Manager Award, Best Zonal Manager Award, Best Regional Distribution Manager Award, Best Territorial Manager Award, Best Field Manager Award, Best Customer Service Award, Most Valuable Salesperson of the year and Most Outperforming Advisor of the Year.
Similarly, winners of the Alternate Channel were felicitated across the Group Life Category, Good Health Category, Bancassurance Category and Top Awards Category.
“The Alternate channel is a standout distribution channel of Softlogic Life, and our success is a testament to our team’s passion and dedication. We remain committed to providing our corporate customers with innovative and tailored solutions to meet their unique needs and continue to drive growth and profitability in the years to come. I would like to congratulate all 3 channel winners on their exceptional performance and achievement,” stated Piyumal Wickramasinghe, Chief Distribution Officer – Alternate Channel of Softlogic Life.
Micro channel sales team was awarded across 4 categories namely, Best Sales Advisor, Best Sales Advisor (Postal Channel), Best Cluster Manager (Postal Channel), Special Recognition for Channel Development.
Thilanka Kiriporuwa, Chief Corporate Services Officer/Micro Channel Head, stated, “At Softlogic Life, we are committed to providing our customers with innovative and accessible life insurance solutions at all levels. Our Micro channel plays a critical role in achieving this goal. Our top sales performers in the Microchannel have demonstrated a deep commitment to our customers and continue to leverage meaningful solutions to better cater to our valued stakeholders.”
Softlogic Life had the highest number of MDRT achievers for 2022 from across the industry who were also felicitated at the event. Of 263 qualifiers, 229 were from the Agency channel, 29 from the Alternate channel, and 5 from the Microchannel. The event also marked a historic moment for Softlogic Life as the first-ever female MDRT qualifier received the Top of Table status in the Company’s Alternate channel.
Business
ADB supports Sri Lanka inter-university Make-A-Thon
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The Asian Development Bank (ADB) and the University of Kelaniya organized the Sri Lanka Inter-University Make-A-Thon for Assistive Medical Technology from 22–24 February 2025 to come up with new solutions for affordable assistive medical technology devices.
This Make-A-Thon is supported by the Ministry of Education, the University of Colombo, the Open University of Sri Lanka, Thrimana 3D Printers, ATG Glove Solutions, Avon Pharmo Chem, Leeban Interiors, and FabLab Shinagawa, Japan. “I am thrilled to witness the creativity, empathy and passion of Sri Lankan youth making a social impact by providing customized but potentially scalable interdisciplinary solutions within this limited time,” said ADB Country Director for Sri Lanka Takafumi Kadono. “I hope that this Make-A-Thon event will bring a lasting impact for mainstreaming affordable assistive health technology service delivery to the doorstep of people with disability in Sri Lanka.” The event brought together over 150 participants, including people with disabilities as need knowers, university students and faculty members whose majors are engineering, technology, medical, designing occupational therapy, speech and language therapy from 9 universities, and digital fabrication experts to co-create human-centered assistive devices.
The event was held at the new platinum-rated green building facilities at the Faculty of Computing and Technology, University of Kelaniya, developed under the ADB-funded Science and Technology Human Resource Development Project. The event showcased Sri Lankan university students’ creativity producing affordable assistive medical technology solutions— costing less than $1 per device, thereby reducing reliance on imports. Senior Professor Nilanthi De Silva, the Vice Chancellor of the University of Kelaniya said “More than just a competition, the Make-A-Thon could combat the stigma attached to the people with disability.
This interdisciplinary collaborative event fostered innovation to develop practical solutions to real-world disability challenges through participatory processes.” Thirteen groups successfully developed 3D-printed assistive device prototypes for people with disability based on the interdisciplinary support from the University of Kelaniya led by the Faculty of Computing and Technology as well as the Department of Disability Studies of the Faculty of Medicine. The Japanese digital fabrication experts, funded by the Japan Fund for Prosperous and Resilient Asia and the Pacific grant, provided guidance for this event.
Business
Former CB Governor highlights urgency of structural reforms
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‘Sri Lankans have shown remarkable resilience, but further austerity is untenable’
By Sanath Nanayakkare
Sri Lanka must sustain annual economic growth exceeding 5% to achieve debt sustainability and resume full debt repayments by 2028, ensuring the financing of essential imports and safeguarding social and political stability, asserted Dr. Indrajit Coomaraswamy, former Central Bank Governor. He said so while speaking at the Centre for Poverty Analysis (CEPA) symposium, ‘Crisis-Driven Poverty’, held on February 27, 2025, at the Colombo Hilton.
Highlighting the urgency of structural reforms, Dr. Coomaraswamy, the keynote speaker of the event stressed, “Steady growth beyond 2028 is critical for poverty reduction and inclusive development. Without reforms, debt sustainability could unravel, risking another restructuring that would test public patience and destabilize society.
Reflecting on stalled progress, he noted, “Reforms in factor markets, state-owned enterprises, trade policy, and skills development were proposed 45 years ago. Yet, political incentives and powerful vested interests, businesses, unions, or others—have persistently obstructed change.” He expressed cautious optimism about the current government’s pragmatism under President Anura Kumara Dissanayake, praising its adherence to a robust macroeconomic framework post-election—a rare commitment in Sri Lanka’s history, while mentioning the role of Former President Ranil Wickremesinghe in introducing and pursuing it.
The symposium featured findings from CEPA’s 2023 survey of 5,000 households, partially funded by the Asian Development Bank (ADB). The study expanded with independent financing to include an additional 2,500 households, analyzed poverty through both expenditure-based metrics and the Multidimensional Poverty Index (MPI). It assessed the socioeconomic impact of Sri Lanka’s crises and the efficacy of social protection programs.
The event brought together government officials, donors, civil society groups, and academics to strategize on poverty alleviation. Dr. Coomaraswamy warned, “Delayed reforms risk entrenching poverty and compounding debt challenges. Sri Lankans have shown remarkable resilience, but further austerity is untenable.”
His remarks underscored the delicate balance between economic discipline and social equity, urging swift action to secure long-term stability.
Business
Nestlé Lanka inaugurates new Rs.1.1bn biomass boiler at Kurunegala Factory
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Continuing its journey of doing good for Sri Lanka, Nestlé Lanka invested in a biomass boiler project at its state-of-the-art factory in Kurunegala. The biomass boiler is a key initiative in the ‘Good Food Good Life’ company’s journey towards reaching net zero carbon emissions across the value chain by 2050.
Nestlé strongly believes in conducting its operations sustainably in a manner which positively impacts not only people, but also the planet. This LKR 1.1 billion investment will facilitate the transition from the use of furnace oil to biomass for generating steam in its manufacturing operations. This transition will lead to a 90% reduction in carbon emissions generated from current steam boilers.
Sunil Handunneththi inaugurated the new biomass boiler at the Kurunegala Factory on the 27th of February 2025. The inauguration ceremony also witnessed the participation of H.E. Dr. Siri Walt, Ambassador of Switzerland to Sri Lanka and the Maldives, Professor Tilak Hewawasam, Chairman – Central Environmental Authority, and Mr. Vish Govindasamy, Past Chairman of the Ceylon Chamber of Commerce and Chair of the Chamber’s Clean Sri Lanka Initiatives.
Sharing her thoughts, Dr. Siri Walt stated “Nestlé has a longstanding presence in Sri Lanka of almost 120 years producing household names like MAGGI, MILO and NESTOMALT. But Nestlé is also a sustainability champion with its aim to reach net zero carbon emissions by 2050. The groundbreaking investment into this biomass boiler is a testimony to this. I am delighted to see Nestlé’s investment into innovation and sustainability, a priority for Switzerland and Sri Lanka.”
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