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
People’s Bank drives push towards cash-lite economy
Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct fast, secure and convenient transactions via mobile devices, said a release from the People’s Bank.
It said: As a leader in digital banking, People’s Bank proudly aligns with this landmark national initiative, reinforcing its commitment to building a digitally empowered economy. The Bank supports the programme through its flagship digital wallet “People’s Pay”, which offers a seamless platform for QR-based transactions and a range of everyday financial services.
In line with the programme’s objectives, customers can perform QR transactions without incurring additional charges, while merchants benefit from zero fees on transactions up to Rs. 5,000. To further encourage adoption, valuable gifts will be awarded to selected winners among LANKAQR users, enhancing engagement and promoting digital payment usage across the country.
People’s Bank’s participation reflects its ongoing digital transformation strategy, which has evolved beyond traditional online banking to deliver an integrated, lifestyle-oriented financial ecosystem. The Bank continues to set industry benchmarks by offering secure, efficient and user-friendly digital platforms, ensuring customers have uninterrupted access to banking services anytime, anywhere.
At the heart of this initiative is People’s Pay, a sophisticated digital wallet designed to streamline everyday financial transactions while catering to the evolving needs of the modern consumer. The application features a seamless self-registration process, comprehensive tri-language support, and secure storage of payment details, ensuring both convenience and security for users.
In addition, the People’s Pay app enables customers to make real-time bill payments and QR-based transactions with exceptional ease and efficiency. The facility to link multiple bank accounts further enhances flexibility and convenience, while the transaction limit provides users with greater financial control and improved security.
In a strategic move to bolster the national QR adoption program, the People’s Pay app now facilitates Peer-to-Peer (P2P) QR transfers. This functionality allows users to generate both static and dynamic QR codes, enabling efficient transactions without the need to disclose sensitive account information.
The National QR Payment Adoption Programme represents a critical step in advancing Sri Lanka’s digital payments landscape. By fostering fast, secure and transparent transaction methods, the initiative aims to ensure inclusive participation in the digital economy, empowering citizens across all regions and communities.
Business
ANC Campus and Adelaide University launch new Australian study pathway for Lankan students
ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.
Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.
The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.
Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.
“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.
Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.
“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.
Business
Union Assurance honours new batch of certified financial advisers
Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.
The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.
The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.
Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.
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