Business
Unilever ranked No 1 most respected FMCG company in Lanka once again
Unilever Sri Lanka has been ranked the Number 1 Most Respected FMCG company in the country in LMD’s Most Respected Entities publication for 2022. This marks the 17th consecutive time that Unilever has been ranked in the list, moving 4 places up from 2021 to claim the overall 6th position from over 100 varying companies. Unilever was also declared the Sector Winner in both the ‘Consumer Products’ ‘Multinational’ categories yet again, maintaining its winning streak.
The company also emerged as the highest rated FMCG company to appear in LMD’s Top 12 performance measures/ indicators for awarding the rankings, namely: ‘Financial Performance’, ‘Quality Consciousness’, ‘Management Profile’, ‘Honesty’, ‘Innovation’, ‘Dynamism’, ‘Corporate Culture’, ‘CSR & Sustainability’, ‘Vision’, ‘National Perspective’, ‘HR & People Management’ and ‘Crisis Management’.
Sharing her comments on the recognition, Hajar Alafifi, Chairperson and Managing Director of Unilever Sri Lanka said, “It is truly a proud and honourable moment for us to be ranked as Sri Lanka’s Most Respected FMCG company once again, and more so for the 17th consecutive time of being recognised by the people of Sri Lanka. This underscores the positive impact we have made in the lives of Sri Lankans across the years, through our purposeful brands, our corporate vision to make sustainable living commonplace, and the unwavering commitment of our people towards integrity and excellence in all that we do. We also offer our heartfelt appreciation to LMD and its management for creating a platform to encourage and recognise good corporate conduct across the economy, society and the environment.”
Over the past 84 years, Unilever has been deeply rooted in Sri Lankan society, curating a landscape that preserves and nurtures the true Sri Lankan way of life. It is one of the largest FMCG companies in the country and produces 96% of its products to the strictest manufacturing standards at its manufacturing facility in Horana and local third-party manufacturing sites. The company’s portfolio comprises 30 market leading brands including Sunlight, Signal, Lifebuoy, Knorr, Vim and many others, through which it enhances the lives of 21 million Sri Lankans every day.
The company was ranked the ‘Number 1 Employer of Choice’ for the 10th consecutive year in 2021 by NielsenIQ, awarded the ‘Most Effective Marketer of the Year’ award for the 6th consecutive year at the 2021 Effie Awards, adjudged the ‘Most Awarded Entity’ in the ‘Consumer Products’ and ‘Multinational’ Categories in Sri Lanka in LMD’s 2021 ‘Most Awarded’ Edition, and had 15 Unilever brands ranked as the ‘Most Loved Brands’ in Sri Lanka in LMD’s 2022 Brands Annual Ranking. Unilever’s Horana factory was also honoured with the ISO 14001:2015 certification by the Sri Lanka Standards Institute (SLSI) for its commitment to identify, manage and reduce its impact on the environment through its operations.
The ‘Most Respected Entities in Sri Lanka’ ranking is based on an annual survey conceptualized by Sri Lanka’s leading business magazine – LMD and conducted by NielsenIQ. This year’s survey covered the opinions of 800 respondents from listed companies in the Colombo Stock Exchange (CSE), in LMD’s Top 100 list (2020/21) and in the Brands Annual 2021 list. The final rankings were based on the total sum of value of the weighted scores for each company.
Business
ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push
Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.
“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”
Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.
During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.
With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.
Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.
Business
New Board appointed to lead Unit Trust Association of Sri Lanka
The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.
The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).
President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”
The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.
Business
Indiya at Cinnamon Life enters a flavourful new chapter
Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.
Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.
The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.
At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.
Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.
At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.
The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.
From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.
Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.
No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.
By Ifham Nizam
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