Business
ASEAN luminaries call for inclusive digital trade ecosystem

Co-organized by NIKKEI Group and ISEAS – Yusof Ishak Institute (ISEAS), the “Nikkei-ISEAS Forum on Digitalizing Trade in South East Asia and ASEAN” brought together luminaries from the region including the Coordinating Ministry for Economic Affairs, Indonesia, the Organisation for Economic Co-operation and Development (OECD), ISEAS, Honey Consulting Ltd. and Huawei to explore initiatives to unlock the potential of digital trade in the region. The need for a connected, inclusive and multilateral digital trade ecosystem was emphasized during the discussion.
The COVID-19 crisis has accelerated the adoption of digital technology. ASEAN predicts the digital economy will contribute one trillion US dollars to regional GDP. Third-party data shows 132% of SEA population has a mobile connection, 463 million people are internet users.1
There are many different trade agreements connecting the region. The importance of collaboration on building the digital trade ecosystem was echoed by participants in the forum. Choi Shing Kwok, Director and CEO, ISEAS – Yusof Ishak Institute, thanked NIKKEI and Huawei for supporting this meeting of minds, saying, “Digital trade is a promising driver of ASEAN’s trade that came to the fore during the COVID-19 pandemic and we expect it to prevail post-pandemic. By reducing trade costs and increasing productivity, digital technologies such as the Internet of Things, Artificial Intelligence, and 3D printing can increase the growth rate of trade in developing countries, including those in the ASEAN region, by 2.5 percentage points per annum or 22.5 percentage points from 2021 to 2030.”
As a policy-maker, Dr. Rudy Salahuddin, Deputy Minister for Digital Economy, Manpower, and SMEs at Coordinating Ministry for Economic Affairs of the Republic of Indonesia, highlighted the crucial role of digital trade in boosting digital economy at large, especially in realizing a resilient economic recovery. He also mentioned the ASEAN faces challenges in ICT infrastructure gap and uneven rate of ICT adoption, to which ICT partners including Huawei can contribute.
“Digital Trade offers golden opportunities for collaboration to support common goals such as regional economic recovery and tackling the climate crisis,” said Craig Burchell, Senior Vice President of Global Trade Affairs, Huawei, who also supported collaboration to unlock the potential of digital trade to benefit SEA and ASEAN. He referred to the Economist Report on the “Costs of Deglobalizing World Trade” as a warning signal on decoupling, and called for greater collaboration and advocated “Technology for All” policy to optimize digital services, such as 5G, Cloud and AI, to enable new trading opportunities for all.”
Stephanie Honey, Principal of Honey Consulting Ltd, noted that while SEA enjoys a vibrant digital business community and consumer market, fragmented trade rules within the region and beyond meant that businesses were not able to realise the full potential of the digital economy. It would be essential to have collaboration, flexibility and multi-stakeholder participation in developing new digital trade rules, and to integrate approaches across as many economies as possible. There were a number of innovative regional agreements that could be used as models, including the Digital Economy Partnership among Singapore, New Zealand and Chile.
Business
BOC secures ‘SLIM Kantar People’s Banking Services Brand of the Year 2025’

Reinforcing its position as a leader in Sri Lanka’s banking sector, Bank of Ceylon (BOC) has been once again named the ‘SLIM Kantar People’s Banking Services Brand of the Year’ at the SLIM Kantar People’s Awards 2025. This recognition, based on consumer preferences, highlights the bank’s role in Sri Lanka’s financial sector and its strong relationship with customers.
The SLIM Kantar People’s Awards, one of the most anticipated corporate events in Sri Lanka, is an accolade that directly reflects the voice of the people. Organised by the Sri Lanka Institute of Marketing (SLIM) and backed by an independent survey conducted by Kantar, the awards recognise brands and personalities that have established strong connections with Sri Lankan consumers. BOC’s repeated success in securing this award shows its continued trust and significance in the lives of millions.
As a financial institution that has played a key role in the country’s economic stability and growth , BOC continues to focus on digital banking, good governance, financial inclusion, and sustainability. Its efforts to improve financial literacy, promote savings and entrepreneurship, and support the SME sector have strengthened its position as a trusted financial partner.
Commenting on the achievement, the Chief Marketing Officer of Bank of Ceylon Sameera D Liyanage stated, “Winning the ˜People’s Banking Services Brand of the Year at the SLIM Kantar People’s Awards once again is a testament to the unwavering trust our customers place in Bank of Ceylon. This recognition reinforces our commitment to delivering innovative, accessible, and customer-centric banking solutions that empower individuals, businesses, and communities across Sri Lanka. As we continue this journey of excellence, we remain dedicated to shaping the future of banking with trust, resilience, and service at our core”
The bank attributes this latest recognition to the support of its customers and stakeholders. Expressing gratitude, BOC reaffirmed its vow to deliver banking solutions while maintaining a customer-focused approach. As it continues to adapt to technological advancements and market changes, BOC is focused on economic stability and financial well-being for all Sri Lankans.
For over 85 years, Bank of Ceylon has been a cornerstone of Sri Lanka’s financial landscape, connecting individuals and businesses to global opportunities. BOC’s extensive network with over 2,300 touch points spread across the nation, ensures that bank’s customers have convenient access to a wide range of financial services. Moreover BOC was ranked as the only Sri Lankan Bank among the Top 1000 World Banks 2024 and the Banker of the Year 2021,2023 and 2024 by The Banker Magazine UK, The Number 1 Banking Brand in Sri Lanka by Brand Finance Lanka. Internationally, Bank of Ceylon has established a strong presence in key locations such as a Subsidiary in London, UK; branches in Male and Hulhumalé in the Maldives; Chennai, India; and the Seychelles.(BOC)
Business
Sysco LABS concludes first edition of ‘Mentor Mash’ mentorship program

Sysco LABS recently concluded the first edition of ‘Mentor Mash’, an internal mentorship initiative designed to foster learning and professional development among colleagues. Over the course of six months, 26 mentor-mentee pairs engaged in structured mentorship, focusing on knowledge-sharing, career guidance and professional growth.
Speaking on the initiative, Rehan Anthonis, Senior Director – People Operations said: “At Sysco LABS, we recognize that the foundation of a strong workforce lies in continuous learning and development. The ‘Mentor Mash’ program was designed to provide colleagues with structured opportunities to gain insights, refine their skills and receive guidance from experienced professionals within the company. By fostering an environment where knowledge-sharing is prioritized, we are equipping our teams to drive innovation and excel as technology leaders.”
Sysco LABS remains committed to creating opportunities for internal learning, mentorship, and professional development, ensuring that colleagues are well-equipped to contribute meaningfully to company growth.
Business
Aitken Spence Institute of Hotel Management strengthens hospitality workforce with latest graduates

Aitken Spence Institute of Hotel Management, a key initiative of Aitken Spence Hotels’ Learning and Development arm, held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its mission to develop skilled professionals for the hospitality industry. Established in 2007 as part of the company’s strategic Corporate Social Responsibility (CSR) initiative, the institute operates with the support of the TUI Care Foundation, ensuring students receive world-class training and career opportunities.
With Hotel Schools in Ahungalla and Dambulla, the institute offers training in Food & Beverage, Housekeeping, and Professional Cookery through a five-month program that integrates classroom learning with practical industry experience. Since its inception, over 800 students have graduated, many securing employment within Aitken Spence Hotels or furthering their studies.
The 2025 graduating class comprised 90 students, with those from Ahungalla specialising in Food & Beverage and Housekeeping, while Kandalama graduates focused on Food & Beverage and Professional Cookery. The event was attended by graduates, their families, and senior representatives from Aitken Spence Hotels, including Susith Jayawickrama, Joint Managing Director of Aitken Spence Hotel Managements (Pvt) Ltd, Suresh Muttiah, Group Chief Human Resources Officer, and Maheesha Ratnayaka, COO of the Sri Lanka Hotel Sector.
Speaking at the event, Susith Jayawickrama emphasised the programme’s role in shaping the industry’s future workforce. “By equipping young professionals with the necessary skills and real-world exposure, we are not only enhancing their career prospects but also strengthening Sri Lanka’s hospitality sector,” he stated.
A notable highlight of the ceremony was the presence of Ms. Dagmar Wöhrl, Member of the Board of Trustees at the TUI Care Foundation, an organisation that has played a pivotal role in supporting the initiative. With assistance from the TUI Academy in collaboration with the Sustainable Hospitality Alliance, students receive comprehensive support, including accommodation, meals, uniforms, and a stipend during their training. The TUI Care Foundation is an independent charitable organization founded by TUI, one of the world’s leading tourism businesses and is dedicated to harnessing the positive impact of tourism to protect the natural environment and empower communities in travel destinations
More than 75% of graduates are expected to transition into roles within Aitken Spence Hotels, reinforcing the institute’s commitment to bridging the skills gap in the hospitality industry. This year’s ceremony once again highlighted the institute’s dedication to providing structured career pathways for aspiring hospitality professionals in Sri Lanka.
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