Connect with us

Business

COYLE marks celebratory hour with accent on driving development

Published

on

L to R – Dimuth Chankama Silva (Senior Vice Chairman – 2021/22), Saranga Goonewardena (Chairman – 2021/22), Chamath Kottage (Chairman – 2020/21) & Rasith Wickramasingha (Vice Chairman – 2021/22)

Chief Guest Prime Minister Mahinda Rajapaksa graced the occasion at the COYLE anniversary celebrations following the 22nd AGM and appointment of the new chairman of the Chamber of Young Lankan Entrepreneurs (COYLE.) The new chairman (2021/22) Saranga Goonawardena takes the Chamber lead from outgoing chairman Chamath Kottage.

The event was held recently at the Shangri-La Hotel, Colombo. Also present at the gala function were several ministers, State ministers together with Secretaries and government officials.

The anniversary celebrations of The Chamber of Young Lankan Entrepreneurs (COYLE) marked its ongoing success story and more importantly, was a platform to showcase the business sector’s contributions towards the Sri Lanka’s economy over the years. Members who attended comprised of business magnates from big blue-chip companies to medium and small scale start-ups and individual entrepreneurs.

The grandeur of the event which consisted of a show of traditional music and dance acts, was followed by a top-class dinner. However, it still managed to remain focused on offering networking opportunities that allowed members face-to-face interaction which leads to stronger relationships.

The Prime Minister, in his address stated, “COYLE has and always will be a partner in progress with the governments of Sri Lanka and in the present challenging times, preserving and creating jobs must be our absolute top priority. We have to keep working towards this and there are plenty of opportunities. It is something we cannot achieve without the business community and we need to think about this, not only for us, but also in your own interests. Let us stand united to lift the standard of living of the people of our country. Since COYLE’s inception, its members and leadership have maintained the same unwavering fervor and passion for our country.”

The success of COYLE will ensure a better future for Sri Lanka.”

Established in 1999, the Chamber is a business information portal that strengthens informal relationships while collaborating ventures and resources that generate new business opportunities. COYLE is the only chamber where the controlling shareholders and chairmen sit and advocate together. COYLE members controlling over 500 companies, provide direct employment to over 500,000 and indirect employment to over 2.5m Sri Lankans. COYLE’s contribution to the country’s annual GDP is over Rs. 650 Billion.

COYLE is proud and appreciative of the longevity it has held within the business community of Sri Lanka. It has spent the last 22 years since its establishment helping the country’s business community grow and in turn their growth has led businesses to give back to the community which strengthens the economy.

This year’s celebration was a chance for the Chamber to look back at its history within the community and continue to enhance its program to best serve its members. In its 22 year history, the names and faces of the Chamber may have changed, but it’s focus hasn’t – providing its members unique opportunities that are meant to grow their businesses.

 

 



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Climate compliance pressure mounts on Lankan businesses

Published

on

Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.

Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.

The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.

The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.

Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.

Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.

Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.

Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.

Continue Reading

Business

SPAR Sri Lanka Opens New Outlet in Kurunegala

Published

on

SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.

The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.

The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.

Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.

“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.

The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.

The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.

SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.

Pic and Text by SK Samaranayake

Continue Reading

Business

Royal end title drought with dramatic shootout triumph

Published

on

The victorious Royal College Under-20 hockey team pose with the championship trophy after emerging unbeaten champions of the All Island Under-20 Hockey Tournament at the Rajarata University Grounds in Mihintale. Front row (left to right): Ronal Edirimanne, Sulaiman Shihar, Gunitha Dissanayake, Dilsara Prabath, Kumuthulu Goonathilake, Savain Karunasiri, Vidu Wijesinghe, Seth Pathirathne, Pasindu Epa and Hirun Lindula. Back row (left to right): Stefan Anthonypillai, Geesath Bathisa, Haazim Dhailamy, Teacher-in-Charge Uditha Kumara, Coach Damith Panditharatne, Captain Aathif Faleel, Kithmina Rathnayake, Vice Captain Lithum Karunasiri, Nehan Wijayanayake, Yusuf Shihar, Ruvi Perera and Rumal Jayasinghe.

Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.

The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.

With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.

A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.

Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.

Royal finished runners-up when the tournament was held in Matale last year.

The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.

Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.

In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.

Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.

In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.

Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.

A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.

For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.

Continue Reading

Trending