Business
University of Kelaniya launches first ever DBA Alumni in Sri Lanka
The first ever Doctor of Business Administration (DBA) Alumni in Sri Lanka was established on 29th May 2021 by the doctorate holders of the DBA program conducted by the University of Kelaniya since 2016.
Due to the prevailing situation in the country, the inaugural meeting was held online with the participation of university staff including the Dean of the Faculty of Graduate Studies, Senior Professor Ariyarathna Jayamaha, the Dean of the Faculty of Commerce and Management Studies, Dr. Narada Fernando, the Coordinator of the DBA Program, Professor C. Pathirawasam, Heads of the Departments, and Senior Lecturers as well as former graduates and current students of the DBA program. The Alumni is named ‘DBA Alumni of Kelaniya University’, abbreviated to DBAAKU. While all formerly graduated doctorate holders are absorbed as Fellow Members of the Alumni, the students are offered the opportunity to become Associate Members.
Dr. Nuwan Wimalana, who has served directorial positions in multiple organizations and currently works as a Management Consultant in many large organizations in Sri Lanka, was appointed as the first president. From the other fellow members of the Alumni, Dr. Dinesh Hamangoda, General Manager – Sales, HEMAS Consumer was appointed as the Vice President while Dr. Tharaka Punchibandara, Head of Commercial Operations, SAARC Region, Mylan Pharmaceuticals and Dr. Ranjan Dissabandara, Managing Director, Finex Engineering (Pvt) Limited were appointed as the Secretary and the Treasurer of the Alumni respectively.
The DBA program offered by the University of Kelaniya is an exclusive business qualification that is endorsed by a State University of Sri Lanka. Realizing that the current economy is based on skills and productivity, the DBA program seeks to address the demand for strong corporate leaders who are resourceful and original in their approach to business.
The DBA is a ‘professional doctorate’ with a focus on business practice alongside a deep understanding of related theoretical underpinnings. The DBA program and its candidates pivot on making a seminal contribution to their chosen profession and industry. The DBA is developed in the context of practice and is followed by practitioners, managers and industry professionals. It is designed to enhance executive and professional practice through the application of sound theory and rigorous research into real and complex issues in business and management.
It enhances the capability to develop knowledge and theory into productive practice, especially focusing on knowledge designed to solve problems likely to be produced in the workplace. The key objectives of this program therefore are to develop personal, consultancy, and research skills in the context of the relevant field of research.
In accordance with the Sri Lanka Qualification Framework (SLQF), the DBA is a SLQF 12 qualification which is the highest level of qualification awarded in Sri Lanka. It is an internationally recognized qualification that was first introduced in the USA, UK, and Australia. Despite being relatively new, the DBA program at the University of Kelaniya is in high demand.
The establishment of DBAAKU also turned a new page in the majestic history of the University of Kelaniya, launching the first ever DBA Alumni in Sri Lanka and setting the standards by which to follow. DBAAKU aims to establish itself as the first and foremost DBA Alumni among the business fraternity in Sri Lanka. It also intends to formulate a knowledge hub with various educational disciplines to provide expertise advice to any industry, public or private. Furthermore, DBAAKU plans to act as a link among university administration, learning partners, and former graduates whilst acting as ambassadors for the University of Kelaniya to recruit potential candidates.
Business
Rs 160 million + diesel discrepancy at Lakvijaya power plant prompts probe
By Ifham Nizam
A Rs.160 million-plus diesel discrepancy at the Lakvijaya power plant in Norochcholai has triggered an internal investigation, raising questions over the handling of public funds and the controls governing fuel purchased for electricity generation.
The discrepancy surfaced during an internal audit of diesel supplied to the plant from the Kolonnawa and Sapugaskanda fuel terminals, according to senior officials familiar with the inquiry.
The audit has identified five transactions—two in December 2025 and three in January 2026—in which diesel recorded as delivered to the plant allegedly could not be fully accounted for in its physical stocks.
The investigation is now examining whether these were isolated discrepancies or part of a longer-running practice.
One transaction under scrutiny relates to January 16, when records reportedly showed that 10 diesel bowsers had arrived at the plant. Investigators subsequently found indications that the fuel stock corresponded to only nine bowsers.
A storekeeper responsible for the relevant fuel operation has reportedly been temporarily removed from those duties pending the investigation.
A senior official said investigators were reviewing historical records amid indications that similar discrepancies may have occurred over a longer period. If established, the financial exposure could therefore exceed the Rs.160 million currently identified.
The investigation is comparing fuel-terminal dispatch records, tanker movements, plant-entry records, receiving documents and physical stocks to establish exactly how much fuel was dispatched, received and accounted for.
That audit trail will also be critical in determining who authorised, received and certified the disputed consignments, and whether established controls were followed.
Relevant documents were reportedly transferred from Norochcholai to the company’s Colombo head office on September 26 for further examination, with electricity-sector security personnel assisting in the transfer.
The internal audit has also reportedly uncovered expired chemical stocks worth several hundred thousand rupees in the plant’s stores. Investigators are examining whether further inventory-management irregularities occurred.
The matter was also reportedly taken to the Puttalam Police Special Crimes Investigation Unit on September 26.
When contacted by Puttalam-based journalist Hiran Priyankara Jayasinghe for The Island Financial Review, Lakvijaya Power Plant Manager Nalaka Kumara confirmed that an investigation was under way but declined to provide further details.
The financial issue is direct: if the plant paid for diesel it did not receive, public-sector funds were spent without the electricity sector receiving the corresponding fuel.
Business
Sri Lanka Food Processors Association holds 29th Annual General Meeting
The Sri Lanka Food Processors Association (SLFPA) successfully convened its 29th Annual General Meeting (AGM) on September 23, 2026, at the Water’s Edge Hotel, Battaramulla. Bringing together key industry stakeholders and member organizations, the event served as a platform to review milestone achievements from the 2025/2026 term and outline strategic priorities for the nation’s food and beverage processing sector.
At the AGM, the new Executive Committee for 2027/2028 was appointed, comprising: Honorary President Aruna Senanayake C.W. Mackie PLC Imme. Past President Thusith Wijesinghe Trans Continental Packaging & Commodities (Pvt) Ltd.
President Elect Nadishan Guruge Meadlee Trading Co. (Pvt) Ltd.
1st Vice President Damitha Perera Forbes & Walkers Commodity Brockers (Pvt) Ltd.
2nd Vice President Rasika Seneviratne Diesel & Motor Engineering PLC 3rd Vice President Deepal De Alwis Neochem International (Pvt) Ltd.
Honorary Secretary Amila Weerasinghe Nestle Lanka Limited.
Asst. SecretaryDineth Alahakoon Country Style Foods (Pvt) Ltd.
Honorary Treasurer Sameera Jayathilaka Westmann Engineering Company (Pvt) Ltd.
Asst. Treasurer Niroshan Dalpethado C D De Fonseka & Sons (Pvt) Limited. In addition to the above office bearers, the following ten Executive Committee Members were appointed:
Sanjeewa De Silva Unilever Sri Lanka Limited Sheran De Alwis MA’S Tropical Food Processing (Pvt) Limited
Thusitha Ekanayake Anods Cocoa (Pvt) Ltd.
Vijitha Govinna Plenty Foods (Pvt) Limited Ms. Praharshi Wickramasekara International Commodity Exports (Pvt) Ltd.
Sanjeewa Niroshan SGS Lanka (Pvt) Ltd. Kushan Amarasinghe Finagle Lanka (Pvt) Ltd.
Rangajeewa Hettiarrachchi Fonterra Brands Lanka (Pvt) Ltd.
Harindra Abeyrathna Vision Technologies International (Pvt) Ltd. Thilina Weerasekara Ceylon Cold Stores PLC
The event was proudly supported by key industry partners, with SGS Lanka (Pvt) Ltd serving as the Platinum Sponsor. Unilever Sri Lanka Ltd. and Nestlé Lanka Ltd. joined as Gold Sponsors, Ceylon Agro Industries – Prima as the Silver Sponsor, while Lanka Exhibition & Conference Services (LECS) and Hero Nature Products (Pvt) Ltd., supported as Bronze Sponsors.
The proceedings concluded with a vote of thanks delivered by Hony. Secretary Deepal De Alwis, followed by cocktails and a fellowship networking session, providing an opportunity for members to connect and strengthen industry ties.
Business
Uber brings the ‘business class of back seats’ to Sri Lanka with Uber Black
New premium ride option expands Uber’s portfolio from affordable Moto and Tuk rides to premium on-demand travel
Uber announced the launch of Uber Black in Sri Lanka, bringing its premium ride experience to the country for the first time. Designed as the “business class of back seats,” Uber Black combines premium vehicles and highly-rated drivers for riders looking for greater comfort, quality and a more elevated travel experience.
The launch comes as demand for premium products and experiences grows across Sri Lanka, with consumers seeking greater choice and quality in their everyday experiences. Uber Black brings this choice to on-demand mobility, whether for an airport journey, an important business meeting, a special occasion or simply when riders want to travel in greater comfort.
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