Business
Championing change: Chairman of coyle Rasith Wickramasinghe unveils the journey of Sri Lanka’s largest fmcg brand at Young Indians Summit
Inspiring the Next Generation of Changemakers
The prestigious Young Indians (Yi) Summit recently welcomed Rasith Wickramasinghe, Chairman COYLE and Group Director of Ceylon Biscuits Limited (CBL) as a speaker from Sri Lanka. In this captivating session, Wickramasinghe unraveled the untold story behind Sri Lanka’s largest Fast-Moving Consumer Goods (FMCG) brand, offering invaluable insights into market dynamics, consumer preferences, and the innovative approaches that shaped the company through the years.
The movement instils a spark in the youth, urging them to consistently add value, break barriers through innovative thinking, and lead with a purpose potent recipe for success. Yi’s overarching mission is to fortify India’s future by providing a stage and voice to the next generation of changemakers. It aspires to instill the power of leadership in young minds, nurture the youth entrepreneurial ecosystem, and foster youth-led transformations to build the nation.
Wickramasinghe further emphasized his strategic focus on two pivotal aspects: capacity building in people and capacity building in products. He elaborated on the intricate process involving value creation and value capture, where extensive efforts in Research and Development (R&D) are integral. Best industry practices and ethical corporate culture are fundamental to drive growth while instilling brand recognition among consumers
Rasith Wickramasinghe, takes immense pride in the representing the base of Sri Lankan Entrepreneurs along with COYLE. He consistently advocates for the concept of collective efforts, stating his leadership and vision reflect a commitment to fostering an entrepreneurial ecosystem that not only thrives within Sri Lanka but extends its impact globally.
Wickramasinghe’s participation as a Sri Lankan speaker at the Young Indians (Yi) Summit not only shed light on the success story behind Sri Lanka’s largest FMCG brand but also underscored the wave of youth-driven leadership, innovation, and sustainability taking place in Sri Lanka, shaping the future of its nation.
In a significant move for Sri Lanka’s tourism sector, NKAR, a stalwart in the industry for over 45 years, has announced a partnership with Holiday Max, Australia’s largest tour operator. Based in Perth, Holiday Max has ventured into Sri Lanka for the first time, marking a promising expansion for both entities.
This collaboration aligns with NKAR’s strategic vision to enhance the country’s appeal to international travelers. Nilmin Nanayakkara, Chairman and Managing Director of NKAR says, “Our policy has always been to promote Sri Lanka to new markets by attracting new operators, rather than competing through price undercutting or making unrealistic promises.” This statement encapsulates NKAR’s commitment to fostering sustainable tourism growth by focusing on quality over cost.
By prioritsing service excellence and maintaining high health and safety standards, NKAR aims to elevate the overall travel experience for visitors. This approach not only positions Sri Lanka as a premium destination but also attracts reputable operators like Holiday Max, who are drawn to the island’s unique experiences and NKAR’s dedication to quality service.
The partnership represents a remarkable opportunity to showcase Sri Lanka’s diverse offerings to Australian travelers, potentially opening new avenues for tourism growth. As NKAR continues to innovate and adapt, this collaboration is set to bolster Sri Lanka’s standing as a sought-after travel destination, steering the industry away from aggressive price competition towards sustainable growth through authentic experiences.
By focusing on attracting new operators and markets, NKAR is paving the way for a revitalised tourism landscape in Sri Lanka, one that values quality, safety, and the unique charm of the island. NKAR is recognised as one of the top five destination management companies in Sri Lanka. The company recently won 3 major awards at Sri Lanka Tourism Awards.
By Sanath Nanayakkare
LOLC Finance secured five Gold Awards and one Merit Award at the LankaPay Technovation Awards 2025, including the prestigious Overall Excellence in Digital Payments Gold Award for the sixth consecutive year.
The company dominated both bank and NBFI categories, winning Best Digital Strategy Gold Award, proving its superiority over traditional banks in digital finance.
Awards won were as follows.
Gold Awards:
Best Digital Payment Strategy (Banks & NBFI)
Best Mobile Application for Retail Payments via JustPay (Banks & NBFI)
Excellence in Customer Convenience (NBFI)
Financial Inclusivity (NBFI)
Overall Excellence in Digital Payments (NBFI)
Merit Award: Most Popular Digital Payment Product (iPay)
CEO Krishan Thilakaratne emphasized digitalization as core to LOLC Finance’s operations, enabling seamless, 24/7 financial access through platforms like LOLC Real Time and iPay.
Chairman Conrad Dias highlighted the audited, performance-based recognition and iPay’s mission to solve real-world financial challenges with cutting-edge tech.
iPay & JustPay innovations were Recognized for leading digital payment adoption with 1M+ downloads, 1.8M monthly transactions, and 65% JustPay market share, featuring biometric security and AI fraud detection.
Financial Inclusivity was recognized for Bridging gaps via multi-lingual services, cashless processes, and rural outreach programs.
Customer Convenience was recognized for real-time solutions (SLIPS, CEFTS) eliminating branch visits for payments and transfers.
Tree House International, located in Dehiwala, has been recognised as the Most Evidence-Based Special Needs School of the Year at BWIO Awards. The only international school in Sri Lanka dedicated exclusively to children with special needs, 75% of its students relocate from abroad for its high-quality, result-driven education.
Last semester, 100% of students transitioned to mainstream or vocational training.
The school is led by Dr. Anton James, a Chartered Behavioural Psychologist with over 20 years of global experience.
His evidence-based approach earned the highest honour from the British Psychological Society, and he was elected a Chartered Scientist. Co-directed by Chrystal Honsaker, an expert with 15 years of international special needs experience, the school also offers an accredited British curriculum alternative to GCSEs.
We aspire to build a nation where all citizens coexist in peace and resilience for the future generation -PM
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