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Uber turns Seven in Sri Lanka, Covers over 555 million km in Trips!

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(L-R) Uber drivers awarded trophies and gifts worth LKR 35k each for their contribution

Uber completed seven years of operations in Sri Lanka and shared some interesting numbers as it touched a new milestone. In its seven years of operations, Uber has completed over 555 million kilometers in Uber trips around the island nation. That’s enough kilometers to travel to the moon from Earth and back 725 times!

With more than 150,000+ driver partners on the platform and having served more than 2 million riders, Uber has revolutionized the way Sri Lankans travel. Starting with car rides in 2015, Uber has grown its portfolio to include offerings such as ‘Intercity’ for travel between cities; ‘Rentals’ for multi-stop, multi-hour journeys; Tuks and Moto for affordable travel that improve first and last mile connectivity; and ‘Connect’, for door-to-door package deliveries.

To mark this special occasion, Uber celebrated the contribution of driver partners to the success of its operations. 7 highly engaged driver partners were awarded trophies and gifts worth LKR 35,000 each including shopping vouchers and travel accessories.

Commenting on Uber journey in Sri Lanka, Thanushika Sivanathan, Country Manager, Uber Rides, Sri Lanka, said, “We are proud to have completed our 7th year of operations in Sri Lanka. It has been an enriching journey to see Uber become a platform of choice for riders and drivers alike. We recognize the tireless efforts of driver partners on the app who have played a critical role in making Uber a household name. We are committed to bringing the best of Uber to Sri Lanka by providing tech-powered mobility solutions.”

The 7 drivers drivers included 3 car drivers, 3 Tuk drivers, and a Moto driver:

Lalith P. (Cars) – Lalith has been driving on the Uber Platform for over 6 years now. He has completed almost 18,000 trips and has a rating of 4.85. He gets compliments for his care towards customers. He is happy with the flexible earning opportunities with Uber.

Nalin S. (Cars) – Nalin has been driving with Uber ever since the time Uber first entered Sri Lanka. He has over 16,500 trips to his name and enjoys a high rating of 4.93! He recommended others to join Uber often and was highly appreciative of the company’s support during COVID. The best part of his work as per him is meeting different individuals everyday.

Manjula S. (Cars) – Manjula has been driving on the Uber platform for over 6 years now! He has completed an incredible 17,500 trips with us and has an exceptional rating of 4.94. When he first joined Uber, he drove a rented car. But through his earnings from the platform, he has been able to purchase his own car. What he loves about his work is the respect that he receives from riders.

Murugan S. (Tuk) – Murugan has been driving with Uber for four years and has completed over 19,500 trips with a superb rating of 4.93. He has been able to achieve financial independence through his earnings from the platform and is able to regularly send money to his family who stay in his family village.

Susantha D. (Tuk) – He has been driving with Uber for over 4 years now. He has completed over 18,500 trips and has an enviable near-perfect rating of 4.98. Initially driving for a few days a week, Susantha now enjoys driving getting behind the wheel everyday. He appreciates the prompt support that Uber provides and was appreciative of the ration packs he received during the recent economic crisis. He believes that anyone who owns a car or a two-wheeler along with a smartphone should consider driving with Uber.

Sanjeewa D. (Tuk) – He has been driving on the Uber platform for more than 3.5 years and has completed over 19,500 trips with an outstanding rating of 4.95. He loves Uber for the support provided by the company during hard times. During COVID, when the rides dried up, he switched to delivering with Uber Eats and appreciated the flexibility that the platform provides.

Rizvi M. (Moto)- Rizvi has been driving on the Uber platform ever since the launch of UberMoto and has completed over 7000 trips with an exceptional rating of 4.92. He likes driving with Uber due to the flexibility that the platform offers and the opportunity to be his own boss. Flexibility, ease of use, and sustainable earnings is the reason he continues to drive with Uber.

A recent survey by UK-based research firm Public First revealed that 91% of the riders in Sri Lanka value convenience as the most important reason to use Uber. Each year, Uber saves riders an estimated 3.7 million hours.

As per Sri Lanka, ridesharing has been the most significant transport innovation they have experienced in the last decade. In 2021 alone, Uber unlocked an estimated LKR 81 billion in economic value for the Bangladesh economy. This included both the impact of earnings of driver partners facilitated by Uber and the wider indirect and induced multiplier effect created throughout the company’s wider supply chain.

As a pioneer in the ridesharing industry in Sri Lanka, Uber was the first to introduce several critical safety features on the platform, such as a feature to share GPS location with loved ones through ‘Share my trip’; proactively detect trip anomalies through ‘RideCheck’; screening personal phone numbers to maintain privacy through ‘phone anonymization’; and giving riders an option to share fare costs through ‘split fare’ feature.



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Wealth Trust Securities to raise Rs. 500.8 million via IPO

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Left to right: Timothy Speldewinde, Independent Non-Executive Director; Anarkali Moonesinghe, Non-Independent Non-Executive Director; Priyanthi Abeyesekere, Deputy CEO; Senaka Weerasooria, chairman (Non-Independent Non-Executive Director); Romesh Gomez, Managing Director/CEO (Non- Independent Executive Director); Tarusha Weerasooria, Non-Independent Non- Executive Director; Shanti Gnanapragasam, Independent Non-Executive Director; and Tivanka Perera, Vice President – Asia Securities Advisors (Pvt) Ltd.

The recent announcement of Wealth Trust Securities Ltd.’s Rs. 500.8 million Initial Public Offering -IPO- comes at a moment when Sri Lanka’s interest-rate environment is gradually easing, allowing well-capitalised primary dealers to expand their trading portfolios and secure long-term positions in government securities.

Company chairman Senaka Weerasooria told journalists in Colombo that the IPO is not merely a capital-raising exercise, but a reinforcement of the disciplined structure that has defined the company since its inception.

He noted that WTS enters the public market with what is already one of the most robust capital bases in the industry, and with “absolute confidence that investors are joining a journey that has consistently returned value.”

Weerasooria said the capital infusion will further solidify WTS’s ability to absorb volatility, particularly amid cyclical movements in Treasury yields.

Despite maintaining a conservative trading outlook, the company has managed to average a 31% ROE over the past twelve years — a figure management repeatedly highlighted as evidence of resilience across both tightening and loosening rate cycles.

Managing Director and CEO Romesh Gomez said that in recent months the direction of policy rates and market liquidity has begun shifting favourably, creating clear value-accretion opportunities for disciplined portfolio expansion. With additional capital, he noted, WTS has greater room to capture advantageous auction positions, broaden secondary market activity and align its investment scale to emerging market windows.

Gomez acknowledged that FY25 reflected compressed performance due to systemic realignment, with revenue at Rs. 4.6 billion and PAT at Rs. 1.2 billion. However, he pointed out that profit sustainability, even through a difficult cycle, speaks to strong operational controls. The A- rating with a Positive outlook continues to stand, reinforcing the company’s position as a stable counterparty in a specialised sector.

Asia Securities Advisors, managing the IPO, pointed out that the offer price of Rs. 7 presents meaningful upside when benchmarked against underlying valuation metrics. The move into the listed environment, they noted, enhances governance visibility — a point increasingly valued among institutional investors participating in the Government securities market.

By Ifham Nizam

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BoardPAC achieves Carbon Neutral Certification for the fourth consecutive year

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BoardPAC, the global leader in digital board meeting automation, has secured the Carbon Neutral Certification for 2024, marking the fourth consecutive year the company has achieved this milestone. The certification, awarded by the Sri Lanka Climate Fund (SLCF) under the Ministry of Environment in October 2025, underscores BoardPAC’s commitment to environmental sustainability and responsible corporate governance.

BoardPAC’s operations, spanning over 40 countries, were assessed against the ISO 14064 – 1:2018 standard, and the company’s organization-level Greenhouse Gas (GHG) emissions were successfully offset, reflecting its ongoing commitment to reducing its environmental impact.

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Uber marks 10 years in Sri Lanka: Moving People, Powering Livelihoods, Impacting Communities

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Uber today marked ten years of operations in Sri Lanka, a decade in which the platform has reshaped how people commute, and how thousands of Sri Lankans earn a livelihood. Over the past decade, ride-hailing has become one of the most transformative shifts in Sri Lanka’s urban mobility landscape, providing safe, reliable and affordable transport at scale.

Chathuranga Abeysinghe, Deputy Minister for Entrepreneurship, Ministry of Industries and Entrepreneurship Development, Government of Sri Lanka, graced the milestone event as the Chief Guest. U.S. Ambassador Julie Chung attended as the Guest of Honor, joined by Akanksha Singh, Head – South Asia Markets, Uber, and Kaushalya Gunaratne, Country Manager – Mobility, Uber Sri Lanka.

As per the 2024 Sri Lanka Economic Impact Report, compiled by global policy research firm – Public First, Uber and Uber Eats together generated over LKR 160 billion in economic activity in Sri Lanka within a single year. Since its entry in Sri Lanka in 2015, Uber rides have covered over 1.15 billion kilometers – equivalent to nearly 3000 trips from Earth to the moon! Over 320,000 Sri Lankans have earned through the platform as drivers.

Uber has also supported the tourism ecosystem, enabling more than 700,000 airport trips, connecting visitors seamlessly to their destinations. Over the last year, we’ve further intensified our service in the Western and Central provinces and expanded our offerings in the Southern and Northern provinces – bringing its services closer to more communities across the country. Uber has emerged as one of the most preferred ride-hailing platforms across the island, offering affordable, reliable, and safer rides at different price points.

Deputy Minister for Entrepreneurship, Ministry of Industries and Entrepreneurship Development, Government of Sri Lanka, Chathuranga Abeysinghe, said, “Over the past decade, Uber has become part of the fabric of daily life in Sri Lanka – not only by helping people get where they need to go, but by enabling thousands to earn an income with dignity and flexibility.

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