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CA Sri Lanka set to harness the power of corporate reporting with TAGS Awards 2023

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Sitting from Left: Rajeeva Bandaranaike CEO Colombo Stock Exchange (CSE), Thivanka Jayasinghe Chairman TAGS Awards Committee, Arjuna Herath Director CSE, Sanjaya Bandara President CA Sri Lanka, Harshana Kuruppu CA Sri Lanka, Chamila Cooray, Alternate Chairperson TAGS Awards Committee, and Prasanna Liyanage Actg CEO CA Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) last week announced that entries are now accepted for its prestigious TAGS Awards 2023, in its search to honour organisations delivering excellence in corporate reporting that promote the fundamental pillars of transparency, accountability, governance, and sustainability.

The TAGS Awards, formerly known as the Annual Report Awards with a 58-year inspiring history, this year aim to harness the power of corporate reporting by conveying the importance of trust, individuality, and collective responsibility in driving progress, sustainability, and positive change through transparency, accountability, and well-governed reporting practices, with the end goal of empowering sustainable growth at corporate and country levels.

Applications for the TAGS Awards 2023 will be accepted from 18th August to 12th September 2023 and any organisation, including multinationals, blue-chips, conglomerates, SMEs, community groups, as well as NGOs and NPOs that produce annual reports can apply and be honoured for the integrity of financial, environmental, social, and governance reporting.

Organisations producing annual reports can register for the highly acclaimed competition by providing their Annual Reports for the Financial Year ending on 31st December 2022 or 31st March 2023.

The announcement was made at a press conference on 17th August 2023 which was attended by CA Sri Lanka President Sanjaya Bandara, Vice President Heshana Kuruppu, Chairman of the TAGS Awards Committee Thivanka Jayasinghe, Alternate Chair Chamila Cooray, and acting CEO Prasanna Liyanage, as well as Colombo Stock Exchange Director Arjuna Herath, and CEO Rajeeva Bandaranaike. The Colombo Stock Exchange is the Strategic Partner of TAGS 2023.

Addressing the press conference, Bandara explained that the economic crisis renewed calls for stronger transparency, accountability, and governance across the board, and the anti-corruption bill, if implemented properly, will pave the way for a better and stronger corrupt-free system. “But to fight corruption and increase transparency and accountability, we need a holistic approach involving all stakeholders along with political will to ensure successful implementation.”

Awards will also be given to companies representing 29 industry sectors, which are Banking Institutions, Diversified Holdings, Finance Companies, Leasing Companies & Other Financial Institutions, Food & Beverages Companies, Healthcare Institutions, Trading Companies, Hotel Companies, Insurance Companies, Land & Property Companies, Manufacturing Companies, Motor Companies, Telecommunication & Technology Companies, Unit Trusts, Media & Entertainment, State Corporations & Statutory Boards, Plantation Companies, Construction Companies, Power & Energy Companies, Not-For-Profit Organisations (NPO), Non-Governmental Organisations (NGO), Small and Medium-Sized Entities, Education Services, Newly Listed Companies, and Service Organisations.

The winners of the TAGS Awards 2023 will be awarded at a glittering ceremony on 12th December 2023 at the Shangri-La Hotel, Colombo.



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New education reforms are not only to align education with job market demands but also to cultivate skilled youth who can contribute to the economy and provide leadership to society -Prime Minister

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As part of the series of programmes conducted for schoolchildren by the Presidential Secretariat, the Ministry of Education and the Sri Lanka Parliament Department of Communication, a special Student Parliament session for Visakha Vidyalaya, Colombo, was held on Tuesday (25) at the Old Parliament Chamber of the Presidential Secretariat. The event was conducted under the patronage of Prime Minister Dr. Harini Amarasuriya.

During the session, the student parliament members of Visakha Vidyalaya had the opportunity to gain insights into the conceptual and practical significance of the “Clean Sri Lanka” initiative.

A special commemorative edition of the ‘Vision’ magazine, which focuses on the student Parliament initiative, was presented to the Prime Minister by Nadeeka Dangolla, Assistant Director of Parliamentary Affairs and Executive Functions.

Furthermore, the Principal of Visakha Vidyalaya, Mrs. Manomi Seneviratne, presented a special commemorative token to the Prime Minister.

Addressing the gathering, Prime Minister Dr. Harini Amarasuriya highlighted that the government’s commitment to implementing new educational reforms aimed at nurturing a generation capable of seizing economic opportunities.

The Prime Minister further stated that the government aims to prepare Sri Lankan children to acquire global knowledge while fostering a self-reliant and empowered future generation.

The Prime Minister stated that the objective of the new education reforms are not only to align education with job market demands but also to cultivate skilled youth who can contribute to the economy and provide leadership to society.

Furthermore, she underscored the government’s commitment to addressing resource disparities among schools and emphasized the significance of civic responsibility in this endeavour.

Speaker Dr. Jagath Wickramaratne:
‘Leadership must be devoid of selfishness. Selfless leaders guide both the nation and its people towards a better direction. To achieve this, skills must be enhanced. We can learn about talented leaders from both Sri Lankan history and global history. We should study as children how Chandashoka transformed into Dharmashoka and how Hitler’s regime brought devastation to the world. A nation achieves stability when leaders who prioritize minimal personal consumption and demonstrate a true dedication to their nation arise. Therefore, we must strive to cultivate leaders who can face challenges and prioritize national interests. By fostering selflessness, we can ensure a prosperous future for our people.’

Senior Presidential Media Advisor Mr. Chandana Sooriyabandara:
‘The students gathered here today are not just future leaders; they are leaders already. Leadership knows no age. Anyone who stands for a group could be consider as a leader. Those who exercise the power of the group are considered leaders. Throughout Sri Lankan history, individuals who contributed to the country through their words and actions have played leadership roles. Therefore, logical reasoning should lead the process of making decisions. Both leaders and citizens share the duty to act rationally. You all have a duty to shape a prosperous nation through logical thinking, and this obligation lies with every young person.’

The event was also attended by Deputy Speaker Dr. Rizvie Salih, Deputy Chairperson of Committees Hemali Weerasekara, Secretary-General of the Parliament Kushani Rohanadeera, Senior Additional Secretary to the President K.M.N. Kumarasinghe, Director-General of Legal Affairs to the President J.M. Wijebandara, Principal of Visakha Vidyalaya Manomi Seneviratne, along with members of the teaching staff and a group of students.

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UK sanctions: MR urges govt. to stand by military

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Former President Mahinda Rajapaksa has urged the NPP government to stand by Sri Lanka’s war-winning military. The following is the text of the statement issued by the former President: “The United Kingdom govt. has announced sanctions, including travel bans and asset freezes, against Sri Lanka’s former Chief of Defence Staff Shavendra Silva, former Navy Commander Wasantha Karannagoda and former Army Commander Jagath Jayasuriya over unproven allegations of human rights violations during the war with the LTTE. It was I, as the Executive President of Sri Lanka, who took the decision to militarily defeat the LTTE and the armed forces implemented that decision on the ground.

Despite the 2002 ceasefire agreement, the LTTE had carried out 363 killings during the ceasefire between February 2002 and the end of September 2005. LTTE attacks intensified in the first few weeks and months after I was elected President in November 2005. Among the most serious such incidents were claymore mine attacks on 4 and 6 December 2005 in Jaffna that killed 13 soldiers, a suicide attack on a naval craft on 5 January 2006 that killed 15 naval personnel, and the suicide attack on the Army Commander inside Army Headquarters in April 2006.

Despite all that, my government held two rounds of peace talks in January and June 2006, in Geneva and Oslo, which were unilaterally halted by the LTTE. The LTTE landmine attack on a civilian bus in Kebithogollawa in June 2006 which killed 64 and seriously injured 86, many of them children – was a pivotal moment for me and my govt. Military operations commenced in July 2006 when the LTTE closed the Mawilaru anicut, cutting off irrigation water to cultivators in the Trincomalee district, and did not stop until the LTTE was completely defeated on 19 May 2009.

I categorically reject the UK govt.’s allegation of widespread human rights violations during the military operations. Lord Naseby stated in the House of Lords on 12 October 2017 that the then UK Defence Attache in Colombo Lieutenant Colonel Anton Gash had in conversation with him, praised the discipline of the Sri Lanka Army and stated that there certainly was no policy to kill civilians. Because Lt. Col Anton Gash’s war time dispatches to London differ so significantly from the narrative promoted by the UK political authorities, only a heavily redacted version of those dispatches have been released. We conducted military operations only against the LTTE and not against the Tamil people.

Just months after the war ended, when my wartime Army commander came forward as the Opposition candidate at the 2010 presidential elections, the Tamil National Alliance issued a statement on 6 January 2010 appealing to the Tamil people to vote for the former Army commander and he won over 60% of the votes cast in the Northern and Eastern Provinces, thus directly contradicting the narrative being promoted by the UK govt. Imposing sanctions on Vinayagamoorthy Muralitharan, aka Karuna Amman, who broke away from the LTTE, in 2004, and later entered democratic politics, is a clear case of penalizing anti-LTTE Tamils so as to placate the dominant segment of the Tamil diaspora in the UK.

When the UK Foreign Secretary David Milliband came to Sri Lanka, in April 2009, and demanded a halt to military operations, I flatly turned him down. Later, a London-based newspaper The Telegraph revealed – quoting secret documents made public by Wikileaks – that Mr. Miliband had tried to intervene in Sri Lanka to win Tamil votes for the Labour Party. Regrettably, to this day, vote bank politics determines the UK’s stand on Sri Lanka’s war against the LTTE.

Three decades of LTTE terrorism claimed the lives of 27,965 armed forces and police personnel not to mention the lives of many thousands of civilians, including politicians. What Sri Lanka defeated in 2009 was the organization that the US Federal Bureau of Investigation had officially designated as the deadliest terrorist organization in the world. It is noteworthy that the United Kingdom introduced special legislation in 2021 and 2023 to protect their own armed forces from persecution by interested parties.

Hence I expect the present government to resolutely stand by and defend former armed forces personnel who face persecution by foreign governments and organisations for doing their duty to safeguard Sri Lanka’s national security.”

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Jet crash: Deputy Defence Minister, too, contradicts Minister Ratnayake

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Deputy Defence Minister Maj. Gen. (Retd) Aruna Jayasekera, on Tuesday (25), said that Air Force investigation into the 21 March K-8 advanced jet crash had not been concluded.

Jayasekera was responding to a media query. The media sought the Maj. Gen’s comments in the wake of Transport Minister and Leader of the House Bimal Ratnayake’s declaration that the crash had been caused by pilot error.

The Air Force Headquarters has already contradicted Minister Ratnayake’s unsubstantiated claim. The qualified instructor and the trainee ejected before the ill-fated aircraft, attached to the Katunayake-based No 05 squadron, crashed at Wariyapola.

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