Business
Mission to help build Sri Lanka
UTE Celebrates 75 Years of Industry Excellence
United Tractor and Equipment (Pvt) Limited (UTE) celebrated 75 years of industry excellence on March 22, 2022, continuously delivering the highest quality engineering solutions and unmatched service support for Sri Lanka. Helping to Build the Nation, UTE has been a trusted partner for infrastructure development in Sri Lanka, infallible through its various ups and downs as an independent nation.
Commenting on the milestone reached by the company founded by his Great Grandfather, W. D. Fernando, Chairman of United Tractor & Equipment (Private) Limited, Prasan Fernando said: “As a company with a 75-year-old history, UTE represents the resilience of the nation that reaches 75 years since independence, navigating many setbacks with Sri Lanka and achieving a multitude of victories. Over the years, we have established market leadership across numerous industries we serve. More importantly, we have forged partnerships with many other world leading brands, and currently host an impressive portfolio of international market leaders. We continue to stand by our customers, enjoying deep seated relationships with them, living true to our mission; ‘The Journey Continues…Long After the Sale.”
Founded by W. D. Fernando in 1947, whose main purpose was handling the Sales and After Sales Service of the Caterpillar (CAT®) Tractor Company in Ceylon, UTE is an intergenerational powerhouse that continues to prioritise relationships in its corporate culture. Driven by an entrepreneurial spirit, UTE is still family-owned and places relationships at the heart of its business culture. The majority of the firm’s customers and contractors have been doing business with the company for a long time, and they have consistently contributed to the company’s goal of collaborating to create a world-class customer experience.
“As a prominent construction firm in Sri Lanka, it is critical for us to select the finest engineering solutions from a well-established company that also provides comprehensive solutions and exceptional after-sales service. So far, our experience with UTE has been excellent, and we have received service beyond our expectations. The team has been very simple to deal with and coordinate with, throughout work and emergency situations. NEM chooses UTE CAT because of their 75-year established track record in the industry and the degree of after-sales care they provide for the machines we now possess. Our best wishes to UTE on their anniversary, and we hope to maintain our enduring relationship.”, said the Chairman/Managing Director of NEM Constructions, Raja Nanayakkara.
UTE has a long-standing collaboration with Caterpillar and is now recognized as one of the oldest CAT® dealers in South Asia, as well as the first Sri Lankan firm to import heavy construction machines. Focusing on operational excellence and living up to its purpose with their top-notch customer service, the company is the lone Sri Lankan candidate in the Superbrands® ‘General Machinery’ category, providing the finest quality engineering solutions and unrivalled service support for over seven decades, positing it as the only firm that can supply the broadest assortment of single brand machinery.
UTE represents world class brands in its portfolio including Caterpillar, JLG, Dexion, Flexi, BT, Raymond, Cigweld, SEM – a Caterpillar brand, UTP Welding, Enerpac, ESAB, FS Curtis, CIGWELD, Bohler Welding, Hytsu, Fuji Electric, Caterpillar Lubricants, DID Chains and others. It provides Construction & Earth moving equipment, Diesel Power Generators, Warehouse and Material Handling, Welding, Air Compressor, Energy, Solar, MEP, Filtration, Equipment Rental and Pre-owned Equipment Solutions to the market with extensive product support and Remote Monitoring with customer centric IOT solutions.
The UTE Parts Store/PCC (Parts.Cat.Com) is the fastest, easiest and most reliable website to find and order over 1.4 million genuine CAT® parts online. Orders can be placed 24/7 with the mobile-friendly interface and the parts will be shipped to any location in the island or can be picked up from any of UTE’s branches.
The company is home to the Island’s most experienced and largest team of Customer Support personnel and Caterpillar trained technicians in the industry. Serving customers throughout the island, the company has branches in Panchikawatta, Matara, Kurunegala, Anuradhapura and Kilinochchi adding to its strength.
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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