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Asanga C. Seneviratne elected to the CSE Board of Directors

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The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021.

Seneviratne has previously served on the Board of the CSE as a Director during the period from 2013 to 2017.

Seneviratne was a Founder/Director of Asia Capital PLC, the largest Investment Bank to be listed on the CSE in 1994. He was the Managing Director, Asia Securities (Pvt) Ltd., the No 1 ranked Stock Broking Company in Sri Lanka from 1991-2008 and CEO of Asia Capital Ltd From 2003-2010.

He was with Asia Securities and Asia Capital for 19 years and has extensive experience in Finance & Investments, Capital Management and the hospitality industry.

Seneviratne pioneered on-line Trading in Sri Lanka through his company Investor Access Asia (Pvt) Ltd with CDAX, the first on-line trading system in Sri Lanka, enabling direct access to the CSE from the clients’ personal computer. 30% of the total trades on the CSE were executed via this system during that period.

He was instrumental in restructuring Nation Lanka Finance PLC under the Central Bank program in 2011 to resurrect failed licensed Finance entities.

He is presently the Chairman of Nation Lanka Equities (Pvt) Ltd and the Managing Director of Asia Fort Asset Management (Private) Limited, Anilana Hotels & Properties PLC and Investor Access Equities (Private) Limited.

He has also served on the following Corporate Boards of Directors: Director of the CSE, Chairman of NatWealth Securities, Director of Nation Lanka Finance PLC.

Following an illustrious sporting career in Cricket and Rugby at School and Club level, Asanga represented Sri Lanka at both sports. He currently serves as Vice President of the National Olympic Committee of Sri Lanka and is an Independent Committee Member and Chairman of Competitions and High-Performance Sports.

He has held the following posts in previous years: Chairman of the Stock Brokers’ Association of Sri Lanka from 2005-2006, President of the Sri Lanka Rugby Foot Ball Union from 2012 – 2018, Secretary General of Asia Rugby from Vice President of Sri Lanka Cricket from 2013 to 2016



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Business

Yamaha roars back into Sri Lanka with stylish relaunch and ‘Built to Ride ‘campaign

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Associated Motorways (AMW), Yamaha’s exclusive Sri Lankan distributor for over 75 years, celebrated the brand’s grand return after a five-year hiatus due to import restrictions. Marking the occasion, AMW hosted a groundbreaking fashion-themed launch event on 14th June 2025 at Cinnamon Lakeside Colombo, unveiling a new lineup of fuel-efficient motorcycles and scooters, including the standout Yamaha RayZR 125 (71km/l).

Beyond specs, Yamaha’s “Built to Ride” campaign highlights the passion and resilience of Sri Lankan riders, focusing on emotion over mechanics. Andre Bonthuys, AMW’s Group Managing Director, emphasized Yamaha’s commitment to redefining the riding experience. Backed by AMW’s service excellence and global “Kando” philosophy, Yamaha’s return promises to revitalize Sri Lanka’s two-wheeler market with performance, innovation, and style.

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Pelwatte Dairy launches landmark pension scheme for Sri Lankan dairy farmers

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In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community.

Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in the push to replace imported dairy with locally produced milk, saving the nation billions in foreign exchange. Milk powder production is expected to increase by 80% upon completion of the new Kurunegala processing facility, supporting local demand and opening up new export opportunities.

This landmark pension initiative will benefit over 30,000 registered dairy farmers working with Pelwatte. Designed to offer financial stability post-retirement, the scheme ensures these vital contributors to Sri Lanka’s food security can live out their later years with dignity and peace of mind. Additional benefits will support health, education, and safety for the farmers’ families setting a new standard for agricultural welfare in the region.

“This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector,” said Ariyasheela Wickramanayake, Chairman of Pelwatte Dairy. “It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”

Akmal Wickramanayake, Managing Director, added: “We see this as more than a welfare initiative. It’s an investment in rural development, sustainable agriculture, and national economic resilience.”

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CEEDECS wins Best National Industry Brand award

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Managing Director Janaka Mahanama

CEEDECS Lanka Holdings Pvt. Ltd., a leading Sri Lankan construction firm, has been honored with the Best National Industry Brand Award in the Mining and Allied Industry Sector (Medium Scale) at the National Industry Brand Excellence Awards, organized by the Industrial Development Board. The award recognizes their eco-friendly brand, Harithaweli Ready Mix, which offers sustainable alternatives to traditional sand-based construction materials.

Founded in 1999 and based in Mahara, Kadawatha, CEEDECS has over 20 years of expertise in construction, consultancy, and design. Harithaweli’s products—including Ready-Mix Plaster, Waterproof Solutions, and Tile Adhesives—are durable, affordable, and environmentally friendly, gaining popularity among builders and contractors.

With 21 showrooms nationwide and multiple quality certifications, CEEDECS continues to expand its reach.

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