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Faizal Salieh elected Chairman of The Sri Lanka Institute of Directors

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Faizal Salieh - Chairman SLID, Viraj Dayaratne – Chairman, Securities & Exchange Commission, Ajith Nivard Cabraal – State Minister of Finance, Capital Markets and State Enterprise Reforms

Faizal Salieh was unanimously elected as the Chairman of The Sri Lanka Institute of Directors (SLID) for the year 2021/22 at the fully virtual Annual Membership Meeting held on 11th August 2021. Faizal is a veteran banker with many years of leadership experience as a Board director across several industries in banking, insurance, fund management, stockbroking, trading, manufacturing, and education.

Aroshi Nanayakkara and Dinesh Weerakkody were elected as Senior Vice Chairperson and Vice Chairman respectively. Prakash Schaffter, Vish Govindasamy, Dilshan Rodrigo, Nadija Tambiah,. Aruni Rajakarier, Ravi Abeysuriya, Manohari Abeyesekera and Charaka Perera were elected to the Governing Council with Rasakanth Rasiah, the Immediate Past Chairman serving, in an ex-officio capacity. Hon. Ajith Nivard Cabraal – State Minister of Finance, Capital Markets and State Enterprise Reforms, was the Chief Guest and Viraj Dayaratne – Chairman of Securities & Exchange Commission participated as the Guest of Honour at the meeting.

The outgoing Chairman, Rasakanth Rasiah, acknowledged the contributions and initiatives made by the Council during his term of office amidst the Covid-19 pandemic.

Faizal Salieh paid a glowing tribute to all the past chairmen of SLID for their leadership of the Institute since its inception in 2000. He specifically mentioned that Rasiah and the Council had held the reigns remarkably well under tough operating conditions. He spoke about the key initiatives launched by the Institute to build leadership caliber at the Board level. On the Board Diversity Agenda, he said “our approach is through the larger business case for diversity in functional skills, experience, age, gender, and ethnicity”. He urged all company Boards to increase the admission of women and to take pride in making disclosures on this in their company annual reports. “We believe that is a much preferable option to legally mandating. We also need to create Male Champions in every company for promoting women on Boards” he said.

Salieh said “Corporate governance is a strategic imperative and not just a matter for compliance. Governance today is not just about technology. It’s about balance, judgement, ethics and selecting the right people. As business models move away from linear to disruptive models, directors have to sharpen and widen their knowledge and skills to cope with the new challenges. We at SLID will strive to uphold and promote the principles of good governance beyond the realm of corporate boardrooms. For good governance to prevail, be effective and sustainable at the corporate sector and company level, it must also be inspired, accepted and established as a value standard and best practice at the macro-country level. This is a challenge that we as a nation should not walk away from, but unitedly come together to accomplish and uphold at all times”.

On Sri Lanka’s public sector, Salieh said “We cannot underestimate the importance, value and relevance of our public institutions. We need to build and strengthen them and enable their journey with sustained good governance despite the challenges. We are prepared to offer our services and work with the Government in this regard. In recognition of this need, we amended our rulebooks in 2011 to allow directors of public sector institutions and enterprises to become members and benefit from our various training, advisory and networking services. SLID looks forward to working closely with the Hon. Minister in this area”. Delighted by Minister Cabraal’s participation at this event, Salieh said that the Minister is a key and active person in the current Government, had at one time gallantly and remarkably spearheaded the drive for good corporate governance in the private sector, and that he could add immense value towards building good governance standards and best practices across both the State and Business sectors of the country.

The new Chairman said that SLID will leverage on its solid base of skilled and experienced senior directors, expert advisory panels, international connections and strategic collaborations to support, develop and enable its growing membership base of young directors to be future-ready and reach their aspirations, whilst continuing to enable the older directors to sharpen their skills, and stay current and relevant. “We at SLID shall stay committed to pursuing our mission towards preparing and building better Directors, better Boards and better Companies through and beyond this pandemic. That is our timeless commitment” he concluded.

Speaking next, the Chief Guest Minister Ajith Nivard Cabraal said “It is an opportune time for us to have an engagement between the directors of public enterprises and SLID to see how best we can work together to enhance the skills of those who are managing public assets which are the assets of the country and which need to yield good results if we are all to benefit. It is important for us to ensure that those who have been entrusted with these assets are prepared for that function in a methodical, scientific manner. I am happy that the private sector is taking the time and effort to train those who are directors of the private sector assets under management. In the same way, I think we may need to do that for the directors who are stewards of those public enterprises that are huge in comparison, and need to provide the services to the country in a methodical, scientific manner that is viable as far as our functions are concerned”. The Minister said that there were approximately 417 public sector institutions and enterprises, several of them much larger than some of the private sector institutions and that he would like to take on the offer made by the SLID Chairman to support their further development.

Minister Cabraal said “We need to ensure that those who are at the helm of affairs of these public institutions are able to deliver results during the time that they are at the head of the institutions. It is a tough call with expectations being huge, the balancing that they have to do of the different interests such as business, shareholders, employees, and consumers who are the public of this country. Sometimes what we see on the surface being what is delivered or the outcome that is expected from an economic sense is not the only outcome that is expected when considering certain public institutions. As such, it is a bigger challenge. As the Minister entrusted with the responsibility for public enterprise reforms, I am conscious of that deep necessity to ensure a balance of all these different competing interests and we have been endeavouring to do that” and further added that- in the quest to do things better and smarter “the avenues of cooperation with SLID can be explored further to deliver dynamism in the public sector”.



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SLT MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App

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From left to right – Supipi Nawarathne, Head, Department of Food Technology, UCIARS, Dr. Nisansala Widanapathirana, Head, Department of Agro Technology, UCIARS, Professor Champathi Gunathilake, Director, UCIARS, Dr. Nath Dharmasena, CEO, Fintelex Pvt Ltd, Sudharshana Geeganage, COO, Mobitel, Professor Indika Mahesh Karunathilaka, Vice Chancellor, University of Colombo, Pradeep Arunasiri, Consultant Agronomist – Digital Inclusion, Fintelex Pvt Ltd, and Madura Hewage, Senior Manager – VAS, Mobitel, at the launch of Yaya Agro.

SLT‑MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all‑in‑one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.

Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.

Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real‑time weather updates, first aid support, and AI‑powered assistance into a single, easy‑to‑use platform.

The launch of Yaya Agro positions SLT‑MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI‑driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT‑MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.

Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real‑time support, and market access to the fingertips of every Sri Lankan farmer.

Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.

Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location‑based weather forecasts to help plan farming activities more effectively. The app also delivers life‑saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.

To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach. (SLT‑MOBITEL )

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Kegalle sets up District Planning Committee to rein-in development spending under IMF-backed reforms

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Dr. Patabendi addressing officials.

As Sri Lanka presses ahead with IMF-backed fiscal and governance reforms, the Kegalle District Planning Committee (DPC) was formally established yesterday as a standing sub-committee of the District Coordinating Committee (DCC), in a move aimed at tightening control over public investment, reducing duplication and strengthening monitoring at district level.

The committee was constituted under Home Affairs Circular No. 03/2025 issued by the Ministry of Public Administration, Provincial Councils and Local Government, and was inaugurated at the Kegalle District Secretariat auditorium under the leadership of Environment Minister and DCC Co-Chair Dr. Dhammika Patabendi and District Secretary H.M.J.M. Herath.

Addressing officials, Dr. Patabendi said the new structure directly responds to long-standing weaknesses in public investment management that have come under scrutiny during Sri Lanka’s engagement with the International Monetary Fund.

“Under the IMF programme, we cannot afford fragmented planning, overlapping projects or weak monitoring. This committee is about discipline—ensuring that limited public funds are allocated according to national priorities and deliver measurable outcomes,” Dr. Patabendi said.

He stressed that district-level planning must now align with national fiscal consolidation goals, with a stronger emphasis on value-for-money, results-based implementation and accountability.

The District Planning Committee will function as a permanent sub-committee of the DCC, chaired by the district’s Cabinet Minister, with the District Secretary serving as Secretary and the Director of Planning as Convener. Members include officials from district-level price and food committees and heads of government institutions or their nominees.

A central mandate of the committee is the preparation of an Annual Integrated District Development Plan, covering all funding sources—including foreign-funded and donor-supported projects—for approval by the District Coordinating Committee.

Officials said this would help rationalise project selection, prioritise urgent district needs and prevent the duplication of monitoring and evaluation systems, a key concern raised in public investment reviews under the IMF programme.

Dr. Patabendi noted that better coordination of state, private and non-state sector investments at district level would also support macro-level reform objectives by improving spending efficiency without increasing fiscal pressure.

“Fiscal adjustment does not mean stopping development. It means doing development better—through planning, coordination and proper evaluation,” he said.

The committee will oversee the operational rollout of DCC-approved projects, provide advisory support to implementing agencies, and monitor whether projects are delivered within approved timeframes and achieve stated targets.

Progress reports will be submitted to the Presidential Secretariat, Ministry of Public Administration, Ministry of Finance and the District Coordinating Committee, strengthening upward accountability.

At yesterday’s meeting, officials reviewed development proposals linked to the 2026 Budget, with focus on education, health, agriculture, infrastructure, industry, environment and tourism—sectors seen as critical for growth and social protection during the reform period.

Implementation challenges faced by projects carried out in 2025 across several Divisional Secretariat areas were also examined, with discussions centred on resolving bottlenecks early in 2026 and aligning future investments with the district’s five-year development plan.

Senior provincial and district officials, Members of Parliament from Kegalle, local authority heads and divisional secretaries attended the meeting.

Dr. Patabendi said the establishment of the District Planning Committee marked an important step towards embedding IMF-aligned public financial management reforms at the grassroots level, ensuring that development spending contributes to economic recovery while safeguarding fiscal sustainability.

By Ifham Nizam

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Allianz commits €200,000 for post flood recovery in Sri Lanka, part of €600,000 regional relief for Southeast Asia

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Allianz SE (Headquartered in Munich, Germany) announced that it is donating €200,000 to support disaster relief efforts in Sri Lanka. In addition, Allianz SE is also extending its support to Thailand and Indonesia, contributing a further €400,000 to aid disaster relief across Southeast Asia. Torrential rainfalls have triggered severe flooding and landslides across Southeast Asia, leaving more than 1,100 people dead in a week of devastation and complicating rescue efforts for hundreds still missing. Allianz is deeply rooted with local entities in the three countries and serving millions of customers across Asia. By supporting the affected people and communities, Allianz acts on its promise to secure the future of its stakeholders in times of need.

Allianz SE will allocate €100,000 to the Sri Lanka Red Cross Society (SLRCS) to deliver immediate assistance to those most affected and €100,000 will also be provided for post-disaster support, implemented in collaboration with Allianz Insurance Lanka Limited and selected local partners, focusing on disaster prevention and climate resilience, helping communities rebuild and strengthen their preparedness against future events.

Renate Wagner, Member of the Board of Management of Allianz SE, responsible for Asia Pacific, Mergers & Acquisitions, People and Cultures says:

“At Allianz, we stand with the people and communities affected by the severe floods and landslides across Southeast Asia. Through immediate relief and long-term resilience support, we aim to help families recover, strengthen local communities, and better prepare for future climate-related events.”

Anusha Thavarajah, Regional Chief Executive Officer, Allianz Asia Pacific adds:

“Across Indonesia, Thailand and Sri Lanka, many families and communities are facing significant loss and disruption. In moments like these, Allianz stands alongside them. Asia Pacific is home to our people, our customers, and the communities we serve, and we remain deeply committed to the region. Our immediate focus is on providing relief where it is most needed, while also supporting communities to rebuild and strengthen resilience, so those most affected can move forward with confidence.”

Allianz is fully dedicated to Asia and its people. It represents a strategic growth region for Allianz Group, which already has established strong market positions throughout Southeast Asia. Besides Indonesia, Thailand and Sri Lanka, Allianz is present with various business segments in China, India, Malaysia and Singapore, among others.

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