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CL Synergy announces new board ahead of IPO

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From Left to Right; Mr. Anuradha Sooriyaarachchi (Executive Director), Mr. Udara Widanagamage (Executive Director), Mr. Roshan Silva (Managing Director), Mr. Janaka Udamulla (Director – Finance), Mr. Sanjaya Bandara (Non-Executive Director), Mr. Dharma Dheerasinghe (Chairman), Mrs. Shehani Kulatunga (Executive Director), Mr. Thilan Wijesinghe (Non- Executive Director), Mr. Nirosh De Silva (Non-Executive Director)

Leading digitally-enabled freight forwarding solutions provider with a global footprint, CL Synergy, has announced the appointment of six members to its Board of Directors.

The announcement comes as the Company completes its transition from a Private Limited Liability company into a Public Limited Liability company, in preparation for an expansion plan, which will include an Initial Public Offering (IPO) and listing of its shares, once the necessary approvals are obtained. The new Directors will add value by bringing in a wealth of experience and expertise to guide the Company, as it embarks on the next phase of its growth journey, a CLS news release said.

The new additions to the Board of Directors of CL Synergy Limited include Mr. Dharma Dheerasinghe, who will serve as Chairman, Messrs. Nirosh De Silva, Thilan Wijesinghe and Sanjaya Bandara, who will serve as Independent/Non-Executive Directors and Udara Widanagamage and Anuradha Sooriyaarachchi, who will serve as Executive Directors.

“All of these individuals are veterans and leaders in their respective fields,” the release said.

The new appointments complete CL Synergy’s Board of Directors, which also includes its Managing Director/Co-Founder Roshan Silva, Director – Finance/Co-Founder Janaka Udamulla and Director Shehani Kulatunga, all of whom have been with the Company since its inception 17 years ago.

Mr. Dharma Dheerasinghe, having built a banking career in both in the public and private sectors was Chairman of Commercial Bank of Ceylon PLC, while also having previously served as the Deputy Governor and Assistant Governor of the Central Bank of Sri Lanka having also functioned as an Alternate Executive Director at the International Monetary Fund (IMF). He holds both a Master’s Degree and a Bachelor’s Degree in Economics from the University of Leeds and the University of Colombo, respectively.

Mr. Nirosh De Silva is a Chartered Financial Analyst and holds a BA in Economics and Business Management from Franklin and Marshall College, and is presently the Managing Partner at Horizon Partners Limited. Previously, he has served as a Senior Manager at Ayojana Fund Management, and at Hatton National Bank PLC. Mr. De Silva has a wealth of experience in private equity and corporate finance.

Mr. Thilan Wijesinghe is a prominent investment banker, a specialist in public-private partnerships (PPP) and an entrepreneur. A well-known figure in the world of business, Mr. Wijesinghe holds three bachelor’s degrees, in Industrial Engineering, Economics and Business Administration. He is a specialist in investment banking and real estate. He is presently the Chairman and CEO of TWCorp (Private) Limited, the Chairman of Sapphirus Lanka (Private) Limited, and a Director at both Ceylon Tea Trails (Private) Limited and MJF Leisure (Private) Limited.

Mr. Sanjaya Bandara holds a BSc in Accountancy & Financial Management from the University of Sri Jayewardenepura and a Master’s Degree in Business Administration from the University of Colombo. He is presently the President of the Institute of Chartered Accountants of Sri Lanka, a Director at Prime Land Residencies PLC, a Partner at B R De Silva and Co. and serves as a Board Member of both the Confederation of Asian and Pacific Accountants and the Sri Lanka Accounting and Auditing Standards Monitoring Board.

Mr. Udara Widanagamage is a marketer and Logistics & supply chain expert. He has also served as a Director of CL Synergy (Private) Limited, a role which he is now continuing in his new capacity at CL Synergy Limited. Mr. Widanagamage holds an MBA from the University of Wales Trinity Saint David and is Chartered Institute of Marketing (CIM) and the Institute of Certified Management Accountants, Australia (CMA), qualified.

Mr. Anuradha Sooriyaarachchi has served as Director – Procurement & Business Development at CL Synergy (Private) Limited, a role which he is now extending in his new capacity at CL Synergy Limited. Mr. Sooriyaarachchi has also served as General Manager and Deputy General Manager at CL Synergy (Private) Limited. He has also functioned in roles such as Manager Sales (Sri Lanka/Maldives) at APL Lanka (Private) Limited and Senior Executive at Maersk Logistics Lanka (Private) Limited. He is a member of the Institute of Chartered Ship Brokers. Anuradha’s contributions towards the development of the industry saw him being appointed as a member of the Logistics Advisory Committee to the Export Development Board (EDB) by the Minister of Trade, with effect from July 2021.

CL Synergy Limited was incorporated as CL Synergy (Private) Limited in 2004 as a fully-fledged freight forwarding company. The Company’s objective is to provide professional, reliable and high-quality services. The Company prides itself on providing customers with a personalized atmosphere, flexibility, highly competitive pricing and efficient servicing. CL Synergy has diversified its activities under a set of Associate companies which include fleet management, software solutions and Investments, along with other innovative ventures in the pipeline.



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Shark and Ray Karawala

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Sun drying of ray meat

When we buy shark dry fish (Mora Karawala), do we really know what species we are consuming? What if endangered sharks are hiding in our meal? Most consumers are unaware.

In Sri Lanka, dried fish is more than food; it is a flavour, a tradition and a way of life. Affordable, long-lasting, and rich in taste, it has become a staple across the island, mainly in rural communities, the dry zone, and hill country. While most fish are eaten fresh, about 14% of the catch is preserved through age-old methods, such as salting, sun drying, smoking and fermentation. Whether served as a main dish (Karawala) or as a flavourful condiment (Umbalakada), dried fish has secured a special place on Sri Lankan plates.

Today, nearly two-thirds of the demand for dry fish is met locally, with dried sharks being the most common and popular in markets. And many people believe that milk sharks are particularly nutritious for lactating mothers.

Typically, part of the excess fish supply in peak seasons, fish arrive late from multiday fishing boats, fish from the bottom of nets, fish that are susceptible to quick spoilage or have low market appeal, are used to produce dry fish rather than letting this resource go to waste. In many coastal villages, drying fish is carried out at the fishing “waadi” (fishing villages/houses) level, often led by women as a means of earning supplementary income.

But this comes with a cost. Sharks and Rays are slow-growing, late maturing and producing only a few young cannot keep up with rising demand. Sharks and Rays are captured by large-scale artisanal fisheries and often retained as bycatch. Mainly exploited for their meat and other derivatives, including gill plates, fins, and skins.  Overfishing has pushed their populations into serious decline.

In Sri Lanka, over 60–70% of shark and ray species are threatened with extinction according to the IUCN Red List, with many others listed as Data Deficient — meaning their true status may be even worse. Only a handful of species might be considered less at risk, but even those assessments are uncertain.

Sun drying of ray meat

Once dried, it becomes nearly impossible to identify which species are being sold. Drying removes distinguishing features, making it impossible to verify the species or ensure sustainability. Labelling is virtually non-existent, and consumers have no reliable way to tell which species they are purchasing.

This means endangered sharks are likely ending up on plates across the country — without anyone realising it. Given the high proportion of threatened species and the lack of transparency, the safest and most responsible choice is to avoid all shark-based dried fish entirely.

By choosing alternative dried fish products made from more sustainable species, we can protect Sri Lanka’s marine biodiversity and ensure that our cultural traditions remain part of a future where sharks still swim in our oceans.

About the Author:

Apsara Rupasinghe, a zoologist with a BSc (Hons) Degree in Zoology, is pursuing MPhil research on shark and ray genetics at BRT-FiPo, with a background in conservation genetics and population genetics. Her work involves combining genetics and conservation to improve species identification and protect endangered elasmobranch species. Apsara pays special attention to the dry fish industry in Sri Lanka as part of her research.

by Apsara Rupasinghe

(Researcher, Fisheries and Policy Programme, Blue Resources Trust)

 

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SPAR Sri Lanka opens first Kandy outlet, redefining modern retail in hill capital

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From left to right : Oliver Sabatino- General Manager, Daham Gunasena - Director Commercial, Kumar De Silva Chief Executive Officer, Pasan De Siva Head of Finance , Kumila Gunasekera- Head of new business Development Chamira Suraweera Head of HR, Mevan Fernando Head of IT.

SPAR Sri Lanka marked a significant milestone with the opening of its 12th outlet—its first in the historic city of Kandy and only the second outside the Western Province. Established in 2018 as a joint venture between SPAR South Africa Group and Ceylon Biscuits Limited, SPAR Sri Lanka combines global expertise with strong local roots.

Speaking at the launch, CEO of SPAR Sri Lanka highlighted the cultural and commercial significance of Kandy, noting that the brand’s aim is “not just to open a store, but to serve the community in a meaningful and relevant way.”

The Kandy outlet offers over 6,200 products, with nearly 3,900 locally sourced, supporting farmers, producers, and SMEs, while the remaining range includes imported SPAR international brands. Innovative features such as a dedicated pet care section, TOPs liquor store, pharmacy, and banking facilities create a one-stop lifestyle destination.

SPAR Sri Lanka is also fostering youth employment and professional development, providing structured training programs to equip staff with globally recognised retail skills. The store has created over 50 jobs in the region and supports local suppliers in meeting international standards, opening doors for broader market access.

With its SPAR2U online platform and SPAR Rewards app, customers can enjoy convenience and value, while the company’s ecosystem approach supports retailers, suppliers, and communities alike. The brand’s next expansion is scheduled in Kurunegala, underscoring SPAR Sri Lanka’s vision of reshaping retail while uplifting local economies.

Text and Pic By S.K Samaranayake 

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Sri Lanka Insurance Life Honoured at Great Managers Awards, Becoming First SOE to Achieve this Recognition

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SLIC Life team after receiving their awards (L-R) Ruchira Edirisinghe - Brand Manager, Amali Gomez – Manager Corporate & Marketing Communications, Chaminda Athauda - Deputy General Manager Life, Nalin Subasinghe – Chief Executive Officer, Jagath Welgama – Deputy General Manager National Sales, Duminda Peiris –AGM/Zonal Head, Manjula Darmaprema –Branch Manager Pilimathalawa and Uththara Kapugamage – Manager Employee Engagement

Sri Lanka Insurance Life (SLIC Life) was recognised at the prestigious ‘Great Managers Awards 2025’, held on 26th March 2026 at Cinnamon Grand, Colombo, marking a significant milestone as the first State-Owned Enterprise (SOE) to receive this recognition.

Organised by CLA Coaching in collaboration with the Colombo Leadership Academy, the awards recognise organisations and individuals who demonstrate excellence in leadership and managerial effectiveness, benchmarked against global best practices through a rigorous evaluation process.

Sri Lanka Insurance Life was recognised under the category of ‘Companies with Great Managers’, reflecting its commitment to nurturing leadership talent and building a culture that supports sustainable performance and people development.

Several SLIC Life team members were also honoured across multiple categories, highlighting the depth of leadership within the organisation. Duminda Pieris, Assistant General Manager/Zonal Head, was recognised for Driving Results and Execution Excellence, while Chaminda Athauda, Deputy General Manager – Life, received recognition for Aligning Organisational Vision. Jagath Welgama, Deputy General Manager – National Sales, and Manjula Darmaprema Branch Manager – Pilimathalawa were acknowledged for Building Team Effectiveness and Collaboration. Amali Gomez, Manager – Corporate & Marketing Communications, was recognised for Integrality and Holistic Approach. Ruchira Edirisinghe, Brand Manager, and Uththara Kapugamage, Manager – Employee Engagement, were both recognised as Great Millennial Managers.

Commenting on the achievement, Nalin Subasinghe Chief Executive Officer of Sri Lanka Insurance Life stated: “We are truly humbled and honoured to be recognised at the Great Managers Awards 2025, especially as the first State-Owned Enterprise to receive this accolade. This achievement is a testament to the strength, dedication, and professionalism of our team, who continue to demonstrate exceptional leadership across all levels of the organisation. We take great pride in this collective success.” He further added, “We also commend this initiative for its role in encouraging organisations to nurture and develop future leaders. Platforms such as these are vital in shaping strong leadership cultures that drive sustainable business success and industry-wide progress.”

This recognition underscores Sri Lanka Insurance Life’s ongoing commitment to developing its people, strengthening leadership capabilities, and fostering a high-performance culture that contributes to long-term organisational success.

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