Business
LOLC ventures into another humanitarian effort through Divi Saviya
Continuing to drive through the LOLC Divi Saviya humanitarian effort, LOLC Holdings commenced another community project focusing to fulfil the nutritional requirements of school students this time, through “Daruwan Wenuwen Api”. The project was conceptualized by Matha Foundation, and was a joint launch with Ministry of Education, Sri-Jayawardenepura Kotte Divisional Secretariat and LOLC Holdings, as the core sponsor.
The program offers a series of workshops on skill development and professional training to the students, during after-school hours. The pilot project of the series will facilitate four-hundred selected students from schools around Rajagiriya. Accordingly, Hewavitarana Vidyalaya, Rajagiriya will be hosted five days a week, and Janadhipathi Balika Vidyalaya, Nawala will be hosted three days a week for a continuous period until the designated program modules are completed.
LOLC as the prompt community sponsor in the forefront will be funding the nutritious meal plan that will be provided to all the students staying after school to take part in the series of workshops.The launching ceremony of “Daruwan Wenuwen Api” project was held on the 28th of October, 2022 at Janadhipathi Balika Vidyalaya, Nawala with the participation of the Honorable Minister of Education, Mr. Susil Premajayantha as the Chief Guest. The event was also graced by Reverend Athuraliye Ratana Thero, Director of Matha Foundation, Mr. Kapila Jayawardena, Group Managing Director of LOLC Holdings PLC, Mr. Kithsiri Gunawardena, Chief Operating Officer of LOLC Holdings PLC, Mr. Pradeep Uluwaduge, Head of Group HR of LOLC Holdings PLC, Mr. Kasun Epa Senevirathna, Divisional Secretary Kotte, Mrs. Nayana Wanniarachchi, Principal of Janadhipathi Balika Vidyalaya, Nawala, Officials from the Ministry of Education, Divisional Secretariat and LOLC, along with the Students, Teachers and other well-wishers.
Commenting on the launch, Reverend Athuraliye Ratana Thero stated, “As schools remained closed for longer phases during the recent past, our children faced diverse dangers, addictions and challenges overtime. Matha Foundation initiated this project specifically to target the youngsters and to provide them with vocational education. Minister of Education, Mr. Susil Premajayantha as well as LOLC Holdings are key pillars of success for the continuation of this program. Our aim is to produce a stronger generation of children armed with life skills”.
Sharing thoughts at the launching event, Honorable Minister of Education, Mr. Susil Premajayantha remarked, “We are now implementing educational reforms through discovering and guiding students through their areas of talent. Practical and vocational trainings will be incorporated to school syllabuses soon. Through this remarkable initiative by Matha Foundation, we hope to provide skills as well as nourishment to children. LOLC stepping forward to serve lunch to these students is greatly commendable”.
Also commenting on the latest efforts by LOLC, Mr. Kapila Jayawardena, Group Managing Director of LOLC Holdings mentioned, “It is agreed that children of certain segments of this country are subjected to malnourishment due to hardships faced by their families. Their attendance to school is also heavily affected by these dietary issues. Understanding the fundamental responsibilities of a leading corporate towards the nation, LOLC often ties bonds with various pressure groups to support this kind of community projects. Recently, under LOLC Divi Saviya we covered the most vulnerable groups’ island wide, distributing ration packages supporting people surpassing 100 days. Likewise, we intend to further grow our humanitarian initiatives in the future”.
Business
GDP data reaffirms persistent asymmetry of Sri Lanka’s provincial economy
Western Province maintains its dominant position, accounting for 42.4% of nominal GDP
The 2024 provincial GDP data reaffirms the profound and enduring structural asymmetry in Sri Lanka’s economic geography. The Western Province continues to function as the nation’s overwhelming economic core, while the second and third runners-up, the North Western and Central Provinces respectively, operate on a markedly different scale and sectoral foundation.
The Western Province maintains its dominant position, accounting for 42.4% of the country’s nominal GDP. This preeminence is rooted in its commanding role across the high-value Services and Industry sectors, where it contributes 44.5% and 47.6% of national output, respectively. Its economy is distinctively modern, with a scant 2.3% reliance on agriculture and over 98% of its output derived from industry and services. This concentration of finance, trade, administration, and manufacturing creates an unmatched gravitational pull for investment and talent.
In stark contrast, the combined economic share of the North Western (11.5%) and Central (10.7%) Provinces is just over half that of the Western Province alone. Their paths to relevance are fundamentally different. The North Western Province has solidified its role as the nation’s agricultural heartland, contributing a full 20.0% of national agricultural activity. It also holds a significant, though secondary, position in industry at 12.0%. Its internal economic composition is more balanced across sectors than the west, with a notable reliance on industry (29.1% of its own GDP) alongside agriculture.
The Central Province, meanwhile, presents a more services-oriented profile among the runners-up, contributing 10.7% to the national services total. It also holds important shares in agriculture (13.9%) and industry (9.6%). Internally, its economy mirrors the national structure most closely among major provinces, with services constituting about 63% of its output. This suggests a diversified regional economy centered on urban hubs like Kandy, but one that lacks the concentrated high-end service power of Colombo.
The comparative analysis reveals a clear hierarchy. The Western Province is the integrated, metropolitan driver of the modern economy. The North Western Province serves as a vital agro-industrial base, and the Central Province as a diversified regional center. Despite a noted increase in the combined share of the other provinces, the gap remains vast. The economic landscape is thus characterized not by convergence, but by a persistent and specialized asymmetry, where the runners-up support the national economy through different, but essential, sectoral strengths, all while operating in the long shadow of the western province.
by Sanath Nanayakkare
Business
Sri Lanka Insurance supports 1,000 families in flood-affected areas
Sri Lanka Insurance Life and Sri Lanka Insurance General, in collaboration with the National Disaster Relief Services Centre (NDRSC), extended vital assistance to 1,000 families affected by the recent ‘Ditwah’ cyclone. The relief initiative was carried out in two phases on 30th November and 2nd December 2025, reflecting the company’s continued commitment to supporting communities in times of distress.
Dry ration packs were distributed through the NDRSC to the Maharagama Urban Council and the Divulapitiya Pradeshiya Sabha, ensuring that aid reached the most affected households swiftly and efficiently. Both distribution programmes were held with the participation of local authorities and the management teams of SLIC Life and SLIC General, further strengthening the company’s close partnership with the communities it serves.
Speaking on the initiative, Chairman of Sri Lanka Insurance, Nusith Kumaaratunga, stated; “Sri Lanka Insurance has always placed community wellbeing at the heart of its purpose. In difficult times such as these, it is our responsibility to stand with the families who have been affected and offer meaningful support. This relief effort reflects our ongoing commitment to uplift communities and reinforces our role as a trusted national insurer focused on protection, care, and compassion.”
In addition to the relief programme, Sri Lanka Insurance has implemented extended operating hours at selected SLIC General branches in the affected areas to ensure uninterrupted service. Claims, customer care teams, and branch staff are working beyond regular hours to provide prompt assistance to policyholders impacted by the severe weather conditions.
Sri Lanka Insurance remains dedicated to safeguarding its customers and supporting communities across the nation, reaffirming its longstanding promise of protection, stability, and service excellence.
Business
Jaffna Hindu College wins regional AIA Healthiest Schools award
Jaffna Hindu College was named as one of the winners at the regional award ceremony of the prestigious AIA Healthiest Schools Competition, a flagship initiative by AIA Group aimed at promoting healthier habits among students across Asia-Pacific region through innovative school-based projects. The competition, which drew a record number of entries from eight regional markets, recognises schools that implement innovative and impactful initiatives in the areas of healthy eating, active living, mental wellbeing, and sustainability. Jaffna Hindu College stood out in the Active Lifestyles Award Category for its creative and community-focused project that introduced a bicycle rental system, ensuring greater access to physical activity for all students and encouraging healthier lifestyles across the region.
The winners of AIA Healthiest Schools programme were honoured at a vibrant regional awards ceremony in Da Nang, Vietnam, where the prize money was awarded to the respective schools to support the ongoing health and wellbeing initiatives.
The Cycling Club was introduced to make physical activity accessible and enjoyable for all students. The club introduced a bicycle rental system, managed via a custom software platform, ensuring equitable access regardless of financial background. Students participated in a cycle parade and three themed challenges focused on endurance, speed, and teamwork. The initiative quickly became popular, engaging over 100 students and receiving enthusiastic support from teachers, parents, and local businesses. Experienced cyclists from the community volunteered as coaches, while cycling organisations provided safety training and route planning.
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