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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.



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SriLankan Airlines Resumes Flights to Riyadh and Dubai

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09 March 2026; Colombo – SriLankan Airlines would like to inform passengers that it is resuming daily services to Riyadh tonight and Dubai tomorrow, while continuing to closely monitor the situation in the Middle East and prioritising the safety and wellbeing of its passengers and crew.

The following flights are scheduled to operate:

For more information please contact: 1979 (within Sri Lanka); +94 11 777 1979 (international); WhatsApp +94 74 444 1979 (chat only); your travel agent; visit www.srilankan.com; or follow us on social media.

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Oil prices jump above $100 for first time in four years

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Oil facilities in Tehran were hit by airstrikes at the weekend

Global oil prices have jumped above $100 (£75.11) a barrel for the first time since 2022 as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.

Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.

The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.

Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world.

Early on Monday in Asia, Brent crude was around 15.5% higher at $107.16, while Nymex light sweet was up by more than 17% at $106.77.

Stock markets in the Asia-Pacific region fell sharply in early trading on Monday, with Japan’s Nikkei 225 index down by more than 5% and the ASX 200 in Australia more than 3.5% lower.

Many in the markets predicted that oil would hit the $100 a barrel mark this week.

In the event it took about a minute to jump 10%, and then another 15 minutes to rise a further 10% in early Asian trading.

Last week the markets had been relatively relaxed about the seeming nightmare scenario for millions of barrels of crude and liquefied natural gas trapped in the Gulf, unable or unwilling to transit the Strait of Hormuz.

But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.

The question now is where does this go? Some analysts argue that if the shutdown in the strait lasts until the end of March, we could see record oil prices above $150 a barrel.

The existing rise is likely to further increase petrol prices, and those of important derivative products such as jet fuel and vital precursors for fertilisers.

The physical supplies from the Gulf are mainly consumed in Asia.

Already however there are signs that Asian consumers are bidding up prices for US gas, with some tankers originally heading for Europe turning around in the mid-Atlantic.

US President Donald Trump responded to the jump in prices by saying that short term rises were a “small price to pay” for removing Iran’s nuclear threat.

His energy secretary told US broadcasters on Sunday that Israel, not the US, was targeting Iran’s energy infrastructure, amid some concern about rising domestic pump prices caused by the war.

(BBC)

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CMTA warns buyers of long-term costs hidden in reconditioned vehicle imports

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The Ceylon Motor Traders’ Association (CMTA) has issued a stark cautionary note to prospective vehicle buyers, warning that the initial price advantage of reconditioned imports often masks significant long-term financial risks.

By highlighting a “structural imbalance” in the current duty valuation system – which allows near-identical vehicles to be imported under a 15% automatic depreciation bracket – the CMTA argues that the lack of manufacturer-backed warranties and tropicalised specifications in the grey market could lead to a “reconditioned trap” for unsuspecting consumers. For the savvy buyer, the association suggests that the true cost of ownership is increasingly tilting the scales in favour of brand-new vehicles from authorised agents.

If two identical 2026 models are sitting on different lots, and one is significantly cheaper because it was technically “registered and de-registered” abroad, the frugal buyer’s instinct is to take the discount. But the CMTA argues that this 15% depreciation benefit – intended for genuine used cars – is being leveraged as a loophole for zero-mileage vehicles.

For the savvy buyer, this raises a fundamental question of transparency. If the entry price of a vehicle is built on a “procedural” technicality rather than actual wear and tear, where else is the transparency lacking? Does the lower price reflect a genuine saving passed to the consumer, or does it mask a lack of manufacturer-backed after-sales support?

When a buyer chooses an authorised agent, they are essentially purchasing an insurance policy against the unknown. With a five-year manufacturer warranty, the financial burden of a faulty transmission or a software glitch stays with the global giant that built the car, not the local owner. In an era where vehicles are increasingly “computers on wheels,” the technical specialised tools and genuine parts held by authorised agents are no longer a luxury – they are a necessity for longevity.

The CMTA’s perspective also invites the buyer to look at the “Big Picture.” Every time a vehicle is imported under an under-declared value or an artificial depreciation bracket, it isn’t just a loss for the Treasury; it is a blow to the country’s foreign exchange discipline.

“A savvy buyer today is more informed than ever. They realize that a “cheap” import with no service history and no tropicalised specifications may eventually become a “minus” on the balance sheet. Frequent repairs and lower resale value can quickly evaporate the initial few lakhs saved at the point of purchase. Ultimately, the choice between brand new and used is a choice between certainty and speculation,” the Association says.

The CMTA is advocating for a level playing field where duty is based on true transaction value. Until that day comes, the burden of due diligence rests on the consumer. To be a “savvy buyer” in 2026 means looking past the showroom shine and asking: Who stands behind this car if something goes wrong tomorrow?

In conclusion, CMTA says,” For those seeking long-term peace of mind, the “brand new” path – supported by a transparent duty structure and a solid warranty – remains the gold standard for steering Sri Lanka’s complex automotive landscape.”

Before signing the papers on a reconditioned vehicle, the CMTA suggests buyers evaluate the four “minus” factors against a “brand new” purchase:

By Sanath Nanayakkare

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