Business
Maliban goes green with its six subsidiaries receiving Carbon Footprint Certification
The Maliban Group of Companies has invested heavily in broadening its Environmental, Social, and Governance (ESG) framework, while solidifying its position as a responsible industry stakeholder. These efforts have brought the Organization global recognition, with regard to its eco-friendly manufacturing processes, with the Maliban Group of Companies now having received Carbon Footprint Certification for quantification and reporting of greenhouse gas emissions, from the Sri Lanka Climate Fund. The Group companies that have received Carbon Footprint Certification include Maliban Biscuit Manufactories (Pvt.) Ltd, Maliban Milk Products (Pvt.) Ltd, Maliban Dairy & Agri Products (Pvt.) Ltd, Wonder Pak (Pvt.) Ltd, Golden Bake (Pvt.) Ltd, Little Lion Associates (Pvt.) Ltd.
“From our inception, sustainability and responsible business have been part of our ethos,” said, Managing Director of the Maliban Group, Kumudika Fernando, “This is reflected in our time-tested commitment to quality, with Maliban products now being enjoyed in over 40 countries, including the EU, Japan and many other jurisdictions with some of the strictest food safety standards in the world. In our endeavour to always be responsible and sustainable, we have also under taken the plantation of over 300+ acres of land, which no doubt provides us with a significant number of carbon credits, helping us to materially and measurably reduce our carbon footprint. At Maliban, our commitment to quality, the environment and our communities remains ever more resolute, as we mark this very significant milestone on our sustainability journey.”
The Sri Lanka Climate Fund’s accredited certification applies to the Maliban Group and all of its subsidiaries, underscoring the organization’s broad-based efforts to adopt sustainable and eco-friendly business practices in line with internationally accepted guidelines and requirements.
Ravi Jayawardena – Group CEO at the Maliban Group said: “For nearly 70 years, we have been devoted and committed to serving Sri Lankans and customers all over the world with the highest quality confectionaries, made from the finest ingredients. Now, we are taking the next step on this journey of excellence to formally incorporate environmentally and socially responsible standards and mechanisms in our manufacturing processes, to deliver the high-quality treats and delights our customers love, while minimizing any negative impact on the environment and significantly contributing to facilitating a thriving society. Achieving ISO 14064-1:2018 based Carbon Footprint Certification transcends the general expectations of our Corporate Social Responsibility (CSR) initiatives, by setting and adopting emissions reduction strategies for improvement in environmental performance indicators, furthering our quest for excellence, while also creating a pathway for others in the industry to follow.”
Business
Shark and Ray Karawala
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.
- Salting (not an elasmobranch
- Cutting rays into pieces prior to salting
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.
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)
Business
SPAR Sri Lanka opens first Kandy outlet, redefining modern retail in hill capital
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
Business
Sri Lanka Insurance Life Honoured at Great Managers Awards, Becoming First SOE to Achieve this Recognition
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.
-
News4 days ago2025 GCE AL: 62% qualify for Uni entrance; results of 111 suspended
-
News6 days agoTariff shock from 01 April as power costs climb across the board
-
News7 days agoInquiry into female employee’s complaint: Retired HC Judge’s recommendations ignored
-
Business5 days agoHour of reckoning comes for SL’s power sector
-
Features7 days agoNew arithmetic of conflict: How the drone revolution is inverting economics of war
-
Editorial4 days agoSearch for Easter Sunday terror mastermind
-
Sports7 days agoSri Lanka’s 1996 World Cup heroes to play exhibition match in Kuala Lumpur
-
Features6 days agoSeychelles … here we come




