Connect with us

News

Union Assurance tops rankings as #1 Transparent Life Insurer in Sri Lanka

Published

on

Union Assurance, Sri Lanka’s premier Life Insurer, has been recognised as the #1 Life Insurance Company in the latest Transparency in Corporate Reporting Assessment 2023 (TRAC) published by Transparency International Sri Lanka (TISL). The assessment, which evaluates corporate disclosure practices among 125 public limited companies in Sri Lanka, covers reporting on six key sections: anti-corruption programmes, organisational transparency, domestic financial reporting, country-by-country reporting, gender and non-discrimination reporting, and reporting on procurement related to government contracts and tenders. Union Assurance emerged as the frontrunner in the Life Insurance sector with an impressive TRAC score of 8.75 out of 10, demonstrating significant transparency across the board. This score surpasses the overall average TRAC score of 5.85 out of 10 in the assessment.

As a subsidiary of John Keells Holdings, Sri Lanka’s largest conglomerate, Union Assurance upholds rigorous governance policies. The Company has implemented a comprehensive governance structure and multiple initiatives, including anti-fraud, whistleblower, and anti-corruption policies. Union Assurance also enforces a strong code of conduct that guides and protects stakeholders, emphasising a zero-tolerance approach to offences.

Furthermore, the Company takes pride in being an equal opportunity provider, maintaining a work environment free from discrimination based on race, religion, gender, age, nationality, social origin, disability, sexual orientation, gender identity, political affiliation, and opinion.

Union Assurance, in alignment with the John Keells Group’s people-related policies, has implemented several crucial initiatives to foster a supportive work environment, including a robust gender policy, equal opportunity and non-discrimination policy, anti-sexual harassment policy, and the ONE JKH initiative. Among the ONE JKH initiatives, Union Assurance actively addresses unconscious biases and promotes inclusivity with the introduction of the progressive 100-day equal parental leave policy, recognising the importance of supporting both mothers and fathers in their parenting roles. Union Assurance’s unwavering focus on gender parity has yielded impressive results, achieving true gender balance with 51% female representation.

Moreover, Union Assurance encourages female employees to take on non-traditional roles, fostering increased participation and leadership opportunities for women within the organisation. The recent launch of the ‘Grow’ programme on International Women’s Day 2024 exemplifies Union Assurance’s commitment to empowering female employees. This initiative aims to strengthen women’s leadership capabilities and enhance their decision-making roles across the Company. By nurturing talent and promoting diversity, Union Assurance continues to set a positive example in the corporate landscape.

In reference to the ranking, Rehan Ismail, Assistant Vice President of Risk and Compliance at Union Assurance, expressed pride in the Company’s consecutive recognition by TISL. “This acknowledgement underscores our commitment to exemplify transparent practices within the Life Insurance sector and across Sri Lanka’s business landscape. In today’s digital era, stakeholders have easy access to information through technology, enabling data-driven decision-making, with transparent corporate reporting playing a pivotal role in this context. At Union Assurance, we firmly believe that doing the right thing is essential to leading as a responsible corporate citizen. As a result, we continually adapt our processes and structures to meet stakeholder needs, ensuring optimal value for all,” he stated.



News

New prison regulations for monks serving jail terms soon: President’s Office

Published

on

President

The Presidential Secretariat (PS) yesterday said that prison regulations concerning Buddhist monks serving prison sentences were expected to be adopted within the next two weeks.

The PS said: “Once they come into effect, arrangements will be made for Buddhist monks to be taken outside prison in their robes, based on the recommendation of the relevant Nikaya or chapter.”

The process to amend prison regulations was initiated on 08 October following discussions between President Anura Kumara Dissanayake and the Maha Sangha. The President called the meeting amidst controversy over producing General Secretary of Bodu Bala Sena (BBS) Ven. Galagodaaththe Gnanasara in civilian attire in court.

A special five-member Committee was in the process of studying the current regulations and standing orders under the Prisons Ordinance, the PS said.

The Committee is chaired by Prince Senadheera, Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs. Its other members are Piyumanthi Peiris, Additional Secretary to the Ministry of Justice, Wasantha Ariyaratne, Additional Secretary to the Ministry of Public Administration, R. M. G. Senaratne, Commissioner-General of Buddhist Affairs, and A.C. Gajanayake, Commissioner-General of Prisons.

The first meeting of the special Committee was held at the Presidential Secretariat on the 9th, chaired by Prince Senadheera. Attorney-at-Law Harshana Nanayakkara, Minister of Justice and National Integration, provided the necessary policy guidance for the Committee’s work.

The proposals concerning Buddhist monks would be presented to the Maha Sangha by the middle of next week to obtain their views and recommendations before their implementation, PS stated.

Continue Reading

News

CP alleges NPP has taken the blame for illegal US sanctions on Iranian vessels

Published

on

Dr. G. Weerasinghe

The Communist Party of Sri Lanka (CPSL) has alleged that the ruling UNP, in a ridiculous bid to whitewash illegal US sanctions on Iranian oil carriers stranded off Sri Lanka, has taken on itself the blame for refusing to supply humanitarian aid to the trapped crews of the oil tankers.

The text of the statement issued by Dr. G. Weerasinghe,

General Secretary, CPSL: “The Communist Party of Sri Lanka condemns the attempts by the USA to prevent essential supplies of food and water to the 19-20 Iranian oil tankers stranded off the coast, which are running short of food, fuel, and fresh water. It urges the Government of Sri Lanka to face up to the criminal actions of the US Government and do its duty under international humanitarian law.

On 30 September 2026, the Wall Street Journal reported that US officials had threatened Sri Lanka with sanctions if it continued supplying the tankers. These tankers (stranded about 24 km off Sri Lanka, within the Exclusive Economic Zone) which already discharged their cargoes, are empty and unable to return to Iran owing to the illegal war being waged against that country by the USA and Israel.

In response to this report, on 4 October, Foreign Minister Vijitha Herath denied that Washington put pressure on the Government of Sri Lanka which, he claimed, always abides by international maritime law. However, he clarified that the Government would enforce US sanctions.

A US Embassy spokesman had earlier stated that Washington is working with allies to cut off “illicit Iranian revenue,” warning that supplying fuel, food, or provisions to sanctioned vessels could expose companies and individuals to US sanctions, including civil or criminal penalties.

Furthermore, from 9-11 September, the US Embassy in Colombo carried out a three-day maritime sanctions compliance workshop. Officers of the Sri Lanka Navy and Coastguard, as well as officials of the Ministry of Defence, Central Bank, Ports Authority and Merchant Shipping Secretariat, participated in this workshop. The officials were warned that any services (including fuel, food, or water) rendered to US-sanctioned vessels, such as the Iranian-linked tankers stranded off Sri Lanka’s coast, could expose companies and individuals to secondary sanctions, civil penalties, or criminal liability.

In fact, it is actions of the USA which are illicit. The US-imposed unilateral and secondary sanctions violate international law, sovereign equality, and the principle of non-intervention. Furthermore, the unprovoked US-Israeli aggression against Iran itself, which had shown no belligerent intent, is illegal in international law. Participation of government officers in the workshop itself is controversial.

According to unofficial reports, Sri Lanka’s national security establishment objected to the demands made by US officials and urged the government to lodge a protest with Washington, pointing out that under UNCLOS Article 98, SOLAS 1974, and the SAR Convention 1979, Sri Lanka is obligated to assist the crews.

However, the response of the National People’s Power (NPP) regime has been to attempt to whitewash the illegal actions of the USA and to take on itself the blame for refusing to supply humanitarian aid to the trapped crews of the oil tankers.

The pusillanimous behaviour of the NPP regime rips aside any pretence that it is in any way progressive or patriotic. Together with its major constituent, the Janatha Vimukthi Peramuna (JVP), it stands exposed as the handmaiden of US President Donald Trump’s reckless, warlike and imperialist foreign policy establishment. It begs the question whether the Government has signed secret war-related deals with the USA and thereby ditched Sri Lanka’s 70-year history of non-alignment.

The Communist Party of Sri Lanka, therefore, condemns these illegal attempts by the USA to prevent Sri Lanka from carrying out its humanitarian duty. It calls upon the Government of Sri Lanka to abide by international humanitarian law, work-out suitable strategies and to supply the stranded crews with essential supplies, including food and water. It also calls upon the Government to reveal any secret deals it has entered with the USA.”

Continue Reading

News

Ex-Tiger witness claims Ekneligoda proposed to fire missile at MR’s plane

Published

on

An ex-LTTE cadre Sumathipala Suresh Kumar, alias Thavendran ‘Murali’, has told a three-member bench of the Colombo High Court, hearing the disappearance of media personality Prageeth Ekneligoda, that during the war they discussed plans to assassinate President Mahinda Rajapaksa and a group of government people. The alleged meeting took place in Habarana.

The bench consisted of A.G.U.S. N. K. Seneviratne (Chairperson), Dr. Nalin Hewawasam and Lakmali Hewawasam.Kumar said so giving evidence as the fourth witness on behalf of first, second and sixth accused in this case.

Ekneligoda disappeared on the eve of 2010 January 26 presidential election.

Kumar told court that Ekneligoda proposed to fire a missile at an aircraft carrying President Rajapaksa and other top people. There had been another person, identified as Nadan, there.

Asked by the prosecution whether he served as a leader of LTTE intelligence at the time he met Ekneligoda, Kumar said that he was a prisoner at that time. The witness claimed that he had gone with the Army and it was his first visit to that place where the meeting took place.

When the prosecution proposed that what he said was not true, Kumar denied that.

The nine accused are Army officers and men, including Lieutenant Colonel Shammi Arjun Kumararatne. The others are R.M.P.K. Rajapaksa alias Nathan, W.V. Priyantha Dilanjan Upasena alias Suresh, Seneviratne Mudiyanselage Ravindra Rupasena alias Ranji, Yapa Mudiyanselage Chaminda Kumara Abeyratne, Seneviratne Mudiyanselage Kanishka Gunaratne, Aiyasami Balasubramaniyam, Dangaha Gamaralage Tharanga Prasad Gamage and T.E.R. Peiris.

The fourth witness surrendered to the Army in May 2009 and during investigations it transpired that he was used by Military Intelligence to contact Ekneligoda in a bid to ascertain his intention during the presidential polls campaign.

Continue Reading

Trending