Business
ISMM International Seminar on October 24, 2022 at the Shangri-La

The Institute of Supply and Materials Management (ISMM) came into being on 24th October 1972. Accordingly, we are celebrating our 50th Anniversary on 24th October 2022 and to coincide with this event ISMM will be organizing a Full Day International Seminar on 24th October 2022 at the Shangri-La Hotel, Colombo, where eminent scholars in the supply chain profession, both local and foreign are scheduled to attend. The theme selected for the Seminar is “Elevating the economy through innovative and sustainable supply chain solutions”.
The Institute of Supply and Materials Management (ISMM) is the only national body in Sri Lanka in the field of supply chain management. ISMM was incorporated by Act of Parliament No. 03 of 1981 on 29th January 1981. In 1980 ISMM was affiliated to the International Federation of Purchasing and Supply Management (IFPSM) based in UK. IFPSM is the world body encompassing 45 National Associations having over 250,000 Supply Chain Management professionals engaged in different sectors and levels. In recognition of its expertise the ISMM was able to obtain the membership of the Organization of Professional Associations of Sri Lanka (OPA) on 3rd September 1976. Since then, ISMM plays a vital role in OPA activities. ISMM is also registered under the Tertiary and Vocational Education Commission (TVEC) under reference P01/0160. In 2001, ISMM was affiliated to the International Trade Centre (ITC) and licensed to conduct its MLS-SCM programmes in Sri Lanka and in 2014 ISMM was able to obtain the ISO 9001 Quality Management System Certificate from the Sri Lanka Standards Institution (SLSI).
ISMM has been the Diploma awarding National Body for the last three decades awarding Graduate Diploma and Advance Diploma, in addition to conducting other Professional Courses namely Certificate and Management Courses adding more than 10,000 professionals to the profession of Supply Chain Management in Sri Lanka on a national scale including the government sector, tri forces and police. In 2010, ISMM launched the 3-year Graduate Diploma in Purchasing and Supply Chain Management (GDPSCM) programme with a dissertation. This Programme contains 120 Credits, and it is designed equivalent to a Special Degree. As at present, ISMM conducts the following courses at the operational, supervisory middle and senior management levels:
Graduate Diploma in Purchasing and Supply Chain Management (English)
Advance Diploma in Logistics and Warehouse Management (Sinhala & English).
Advance Diploma in Purchasing and Logistics Management (Sinhala & English).
International Diploma in Supply Chain Management (English).
Course in Stores Management (Sinhala & English).
Course in Purchasing Management (Sinhala & English).
Course in Shipping, Air Cargo and Containerization (English).
Certificate Course in Project Management for Supply Chain Professionals (English).
Certificate Course in Government Tender Procedure (Sinhala)
Certificate Course in Import and Export Procedures (English)
Certificate Course in Storekeeping (Sinhala)
In recognition of the increasingly crucial role played by ISMM in the development of the supply chain profession in Sri Lanka, the Department of Public Administration by its Circular No 46/09 (1) of 20.06.1994 recognizes the Corporate Membership of the ISMM as equivalent to a First or Second Class Degree in the field of Supply and Materials Management awarded by a recognized University in the recruitment and promotional process.
ISMM’s main thrust of activities from the inception was the training of supplies personnel at all levels. ISMM has trained more than 10,000 practitioners in the field of procurement and supply chain management. There are more than 1,000 Diplomates who have successfully completed Diploma Courses conducted by ISMM which enjoys a wide recognition in all sectors having a heavy input of procurement and supply chain activity. Training is also given at grassroots level and over 10,000 Stores personnel, including Storekeepers, Stores Managers and over 6,000 officers engaged in Purchasing, Inventory Control, Import & Export Trade, Shipping and Clearance work have successfully undergone training so far.
The extensive range of services rendered by ISMM include the up-to-date training programmes, seminars, workshops, conferences, discussions, members days, lectures, consultancy services and annual get-togethers. ISMM is strengthened by a professional membership who has wide knowledge on Supply Chain Management. President, Office Bearers and Council Members are selected by the members at the Annual General Meeting. Council of Management includes the Past Presidents of the Institution. In its recognition of the education and experience in the field of Supply Chain Management, ISMM membership is awarded to the professionals and Institutions in the following sequence:
Fellow Members
Life and Corporate Members
Associate Members (Non-voting members)
Affiliate Members (Students)
Institutional Members (Institutions)
Supply Chain Management is a fast-developing field of management, having a major influence on economic development and trade both at domestic and international levels. Globalization and regionalization are taking pride in international trade and development of competition is taking precedence over other factors as the driver of business. The benefits of Supply Chain Management are immense and to name a few; higher productivity, reduce cost, raise output, raise efficient/effective levels, boost cooperation, lowers delay in processes and enhances the effectiveness of Supply Chain Networks.
It is pivotal that Supply Chain Management has taken an imperative role with the Sri Lankan Government development plan to procure and manage scares resources wisely with limited money available. As it is leading private sector organizations in Sri Lanka has employed most of our highly skilled professionals to manage the high spend of the organisation by understanding the importance of the effective and efficient management of Supply Chain. The impact of supply chain will be felt in all activities and no institution could carry on with its activities devoid of material resources. As a result, the role of purchasing and Supply Chain Management is assuming a strategic role for the progressive development of the country.
ISMM Office and the Training Directorate is housed at the Organisation Professional Association Premises, Professional Centre, No. 275/75, Prof. Stanley Wijesundara Mawatha, Colombo 07, and for further information you can visit the website www.ismmsrilanka.com
Business
Businesses urged to address environmental challenges

Central Environmental Authority (CEA) chairman Dr. Tilak Hewawasam urged businesses to take greater responsibility in addressing environmental challenges, warning that failure to act could have severe long-term economic consequences.
Speaking to journalists, Dr. Hewawasam emphasized that sustainability is no longer just a compliance issue but a core business strategy.
“Environmental responsibility is not just a regulatory obligation—it is a business imperative. Companies that integrate sustainable practices will lead the way in economic resilience and innovation, he said.
Hewawasam’s remarks come as Sri Lanka faces mounting environmental concerns, including waste mismanagement, deforestation and rising carbon emissions. The CEA has been advocating for stronger corporate participation in tackling these issues, encouraging industries to adopt cleaner technologies, efficient waste disposal systems and renewable energy sources.
Hewawasam stressed that the government alone cannot drive sustainable change. “The private sector must step up, adopt green technologies and rethink supply chains to minimize environmental impact, he told journalists.
He also noted that businesses investing in sustainability are more likely to attract investor confidence and long-term profitability.
“With global markets increasingly rewarding eco-friendly brands, Sri Lankan companies risk being left behind if they fail to align with international environmental standards, he added.
“The CEA continues to push for stronger collaboration between businesses and policymakers to accelerate the country’s transition to a green economy.”Hewawasam stressed that businesses must view sustainability not as an obligation, but as an opportunity to drive innovation and long-term success.
By Ifham Nizam
Business
Sri Lankans Vote Dialog as the Telecommunication Brand and Service Brand of the Year

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has been honoured as the ‘Telecommunication Brand of the Year’ for the 14th consecutive year and the ‘Service Brand of the Year’ for the 4th time at the SLIM-KANTAR People’s Awards 2025, held on March 18, 2025. This recognition, awarded based on the voice of the people, reflects the strong relationship Dialog has built with Sri Lankans over the years and the trust they continue to place in the brand.
Since 2007, the SLIM-KANTAR People’s Awards have been a unique symbol of consumer-driven recognition in Sri Lanka. Unlike industry-judged awards, they are based on a comprehensive nationwide survey, providing a transparent reflection of public sentiment. These accolades honour brands and individuals who have earned the trust and admiration of Sri Lankans, forging strong emotional connections. For Dialog, this recognition underscores its deep-rooted relationship with the people and its commitment to delivering reliable connectivity and exceptional service.
“We are truly humbled and grateful to the people of Sri Lanka for this recognition,” said Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC. “To be chosen as the Telecommunication Brand of the Year for 14 years and the Service Brand of the Year for 4 years is an honour we deeply appreciate. It reflects the trust and confidence placed in us by millions across the country, and we remain committed to strengthening this bond by delivering innovative, accessible, and reliable connectivity that enhances lives and enterprises.”
Dialog’s continued recognition at the SLIM-KANTAR People’s Awards is a testament to its dedication to serving Sri Lankans. As the nation’s #1 connectivity provider, Dialog will continue evolving to meet the changing needs of its customers, ensuring that every solution and service contributes to a more connected and empowered Sri Lanka.
Business
Sierra Cables’ share sale bolsters bourse; indices wax positive

The CSE yesterday was somewhat active because Sierra Cables contributed more than half of the turnover. The company sold its shares at a price 24 percent lower than the previous price level. Market sources revealed that an LOLC Group company purchased 146 million Sierra Cables shares at a market price of Rs 12.30 per share, amounting to Rs 1.8 billion.
This gave some impetus to the market and the All Share Price Index also became positive. Sierra Cable’s previous price was Rs 15.50. Consequently, the All Share Price Index went up by 256.7 points, while S and P SL20 rose by 98.3 points. Turnover stood at Rs 3.67 billion with four crossings.
Those crossings were reported in Citizens Developments Business Finance, where two million shares crossed to the tune of Rs 464 million; its shares traded at Rs 232, HNB 295,000 shares crossed for Rs 90 million; its shares traded at Rs 305, JKH, 4 million shares crossed to the tune of Rs 80.8 million; its shares traded at Rs 20.20 and TJ Lanka 900,000 shares crossed for Rs 44.6 million; its shares traded at Rs 49.50.
In the retail market top six companies that mainly contributed to the turnover were; Sierra Cables Rs 1.8 billion (146 million shares traded), CCS Rs 168 million (2.2 million shares traded), JKH Rs 79.5 million (3.9 million shares traded), Sampath Bank Rs 67.8 million (562,000 shares traded), TJ Lanka Rs 60 million (1.2 million shares traded) and Vallibel One Rs 58.4 million (one million shares traded). During the day 197 million share volumes changed hands in 11468 transactions.
It is said that manufacturing sector entities were the main contributors to the turnover, especially with Sierra Cables and JKH, while banking sector counters were the second highest contributor to the market turnover.
Yesterday, the rupee was quoted at Rs 296.45/65 to the US dollar in the spot market, weaker from 296.30/40 the previous day, dealers said, while bond yields were slightly down.
A bond maturing on 01.07.2028 was quoted at 9.75/85 percent, down from 9.84/90 percent. A bond maturing on 15.09.2029 was quoted at 10.08/15 percent, down from 10.14/20 percent. A bond maturing on 15.10.2030 was quoted at 10.25/34 percent, down from 10.25/38 percent. A bond maturing on 15.12.2032 was quoted at 10.75/85 percent, down from 10.85/97 percent.
By Hiran H. Senewiratne
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