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NSB’s GM/CEO Shashi Kandambi wins Business Leader of the Year Award
The National Savings Bank (NSB) Friday announced that the General Manager/Chief Executive Officer, Sharmila Shashi Prabha Kandambi Jassim, has been awarded the prestigious Business Leader of the Year 2025 (Gold) at the CIMA–JXG Pinnacle Awards, held recently at Cinnamon Life, Colombo.
Organized jointly by the Chartered Institute of Management Accountants (CIMA), Janashakthi Group (JXG), and AICPA & CIMA Sri Lanka, the event brought together over 250 leaders, professionals, and visionaries from across the country to recognize leadership excellence and strategic innovation in Sri Lanka’s corporate and public sectors.
Shashi Kandambi was recognized for her outstanding contributions towards public sector leadership, her transformative role at NSB, and her dedication to purpose-driven banking that extends beyond profit to national impact. The independent judging panel, chaired by the former Chairman of the Securities and Exchange Commission (SEC), Mr. Faizal Salieh, commended her for driving significant growth, ethical governance, and modernization within one of the country’s most vital state financial institutions.
Shashi Kandambi has over 35 years of experience in the banking and financial services sector, with a portfolio that includes international banking, financial risk, retail development, and institutional strategy. She currently serves as the General Manager/CEO of the National Savings Bank and has been instrumental in driving NSB’s digital evolution and policy alignment with national development goals. She is widely recognized for her integrity, humility, and vision—and is a strong advocate for building resilient, inclusive, and future-ready institutions.
Her recognition at the awards ceremony is not only a personal milestone but also a symbol of excellence for Sri Lanka’s public institutions, proving that visionary, ethical, and strategic leadership can thrive in the state sector.
Since her appointment as the General Manager/CEO, Shashi Kandambi has guided the National Savings Bank through a transformative period marked by rapid digital innovation and cultural renewal. Her leadership has redefined the Bank’s strategic direction, aligning operational goals with national priorities and customer needs. In 2024, NSB recorded a remarkable 516% surge in Profit Before Tax (PBT), reaching Rs. 26.4 billion, a testament to prudent decision-making, disciplined financial stewardship, and strategic adaptability. This exceptional financial performance was reflected in substantial improvements across a wide array of key performance indicators, reinforcing the Bank’s position as a pillar of stability and growth.
Demonstrating its enduring commitment to national development, NSB contributed Rs. 19.5 billion in taxes and levies during the year, affirming its integral role as a state-owned institution in supporting the country’s fiscal framework. These outstanding results are a direct reflection of the Bank’s visionary leadership and its steadfast dedication to generating sustainable value for the nation and its people.
Kandambi has also championed a people-centric approach to banking, expanding rural outreach, improving digital accessibility, and promoting inclusive financial practices. Through these efforts, NSB has not only modernized its service delivery but has also deepened its engagement with communities across Sri Lanka.
Accepting the award, Kandambi reaffirmed her commitment to institutional integrity, stakeholder trust, and service-oriented leadership. She highlighted the role of leaders in cultivating new talent, embracing change, and balancing innovation with deep-rooted ethics.
“Leadership is not about position or power—it is about responsibility. We must lead with empathy, act with integrity, and build institutions that will outlast us,” she noted during her acceptance. She also emphasized her strong belief in the collective strength of her team at NSB, “This award is not mine alone—it belongs to the dedicated teams at NSB, whose commitment, resilience, and unwavering focus have made this achievement possible. It also belongs to the people of Sri Lanka who inspire us every day to serve better and strive higher. Together, we have proven that excellence in public service is not only possible—it is powerful.”
News
National Communication Programme for Child Health Promotion (SBCC) has been launched. – PM
Prime Minister Dr. Harini Amarasuriya stated that the Government has commenced necessary measures to maintain preschool education under a framework, align preschool education with a unified curriculum, conduct teacher training in a systematic manner, and ensure quality standards.
The Prime Minister made these remarks on Saturday (10) at the Temple Trees, participating in the launch of the National Communication Programme for Child Health Promotion, aimed at promoting social and behavioural change (SBCC) among early childhood children. The programme is jointly organized by the Health Promotion Bureau, the Ministry of Women and Child Affairs, the Ministry of Education, Higher Education and Vocational Education, UNICEF, and the Clean Sri Lanka Programme.
Addressing at the event, Prime Minister Dr. Harini Amarasuriya stated:
“Early Childhood Development (ECD) has a major impact on a country’s human development and future progress. It is a widely accepted fact that a child’s future depends largely on early childhood development. Many aspects essential for a child’s growth occur within the first five years of life. The experiences, care, and love a child receives during this period are decisive.
The social integration, relationships, and environmental influences experienced in early childhood form the foundation for shaping an individual as an adult. Early childhood development influences life to an extent that it becomes difficult to change when it grows into adulthood.
The responses of adults to children’s actions, the way they interact with them, and the care they provide are extremely important. Therefore, early childhood development should never be viewed as the sole responsibility of parents. It is a collective responsibility of all citizens.
No child can be raised into a good citizen by parents alone. In all our lives, beyond our parents, there have been many who influenced us, showed us love, and provided care. It is due to the collective support of all these individuals that we have reached where we are today. The government views child care as a social responsibility. Supporting a child, providing care, ensuring protection, education, and health facilities are social responsibilities. In this regard, the intervention of the Clean Sri Lanka Programme to communicate these values to the public is important.
The role of the preschool teachers plays a special and vital role for children. The love, care, attentive listening, and responses children receive during this stage are decisive for their development. Teachers carry out a crucial intervention in the lives of children. An education policy on early childhood development has been formulated, with UNICEF providing technical assistance. Steps are being taken to operate preschool education under a single framework, align it with a unified curriculum, systematically conduct teacher training, and ensure quality standards.
Recognising early childhood development as a specialised area within education, the Prime Minister affirmed that the relevant interventions will be made accordingly.
Addressing the event, Minister of Women and Child Affairs, Ms. Saroja Paulraj stated that the Ministry has identified the standardisation and development of early childhood development as a primary goal for the year 2026. She noted that children who leave the warmth of their mother’s embrace and father’s shoulder and come to preschool teachers expecting the same love and care from their teachers. Conveying that warmth through words and expressions is a responsibility entrusted to teachers. The love and safe environment children receive shape their ability to love the environment and respect others.
Minister of Health and Mass Media, Nalinda Jayatissa, also addressed the gathering, stating that the goal of the government is to build a beautiful future generation capable of leading the country, free from the various hardships and challenges faced today.
He emphasised that creating a healthy population is a challenge, particularly in preventing non-communicable diseases. Children aged three to five today will become a generation aged 18 to 20 by 2040. Continuous and comprehensive programmes such as this are essential to protect that generation from non-communicable diseases. In some instances, interventions are required even during the preconception and prenatal stages.
He further highlighted that preschool and early childhood development centre teachers shoulder a tremendous responsibility in driving a major transformation in the country’s future.
The event was attended by the Governor of the Sabaragamuwa Province, Ms. Champa Janaki Rajarathne; the Governor of the Uva Province, Attorney-at-Law Kapila Jayasekara; the Governor of the North Central Province, Wasantha Jinadasa; the Governor of the North Western Province, Thissa Kumarsiri Warnasuriya; the Deputy Minister of Women and Child Affairs, Dr. Namal Sudarshana; the Member of Parliament, Dr. Najith Indika; the Representative of the United Nations Children’s Fund (UNICEF) in Sri Lanka, Ms. Emma Brigham; the Secretary to the President, Dr. Nandika Sanath Kumanayake; the Senior Additional Secretary to the President (Finance and Economic Affairs), Mr. Russell Aponsu; the Additional Secretary to the President (Clean Sri Lanka), S. P. C. Sugishwara; Secretaries to Ministries; Provincial Chief Secretaries; the Commanders of the Tri-Forces; officials of subject-related ministries; provincial council officials; preschool teachers; preschool children; and parents.

(Prime Minister’s Media Division)
News
Level I landslide early warnings issued to the Districts of Badulla, Kandy, Matale and Nuwara-Eliya extended
The Landslide Early Warning Centre of the National Building Research Organization (NBRO) has extended the landslide early warnings issued to the Districts of Badulla, Kandy, Matale and Nuwara-Eliya till 1600hrs today (11).
Accordingly, the LEVEL I YELLOW early warnings issued to the Divisional Secetaries Divisions and surrounding areas of Lunugala, Meegahakiwula,Welimada, Kandaketiya, Hali_Ela, Badulla, Uva Paranagama in the Badulla district, Minipe and Ududumbara in the Kandy district, Wilgamuwa, Ukuwela, Ambanganga Korale, Rattota and Laggala_Pallegam in the Matale district, and Nildandahinna, Walapane, Mathurata and Hanguranketha in the Nuwara-Eliya district will be in force until 1600hrs today (11)
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Experts: NPP education reforms unsuitable for SL
Proposed education reforms have drawn sharp criticism from education professionals, teacher unions and student organisations, who warned on Thursday that the changes risk undermining child safety, widening inequality and imposing unaffordable costs on parents.
Addressing a press conference in Colombo, Dr Ayomi Irugalbandara of the Faculty of Education at the Open University of Sri Lanka said the proposed reforms appeared to be largely modelled on foreign education systems without adequate consideration of local realities.
She took particular issue with proposals to integrate social media use into the school curriculum, noting that several developed countries have moved in the opposite direction by preventing children under the age of 15 from accessing social media platforms.
“Most of these modules are not appropriate for this country,” Dr Irugalbandara said. “We warn parents that these reforms place children at risk.”
Concerns were also raised over digital content linked to the revised curriculum. Inter-University Students’ Federation Convener Madushan Chandrajith said the Grade Six Information and Communication Technology (ICT) module included QR codes that directed students to a controversial YouTube channel.
“Who will take responsibility for children accessing such content?” he asked, calling for clear accountability mechanisms for material linked through digital platforms used in schools.
Secretary of the Workers’ Struggle Centre, Duminda Nagamuwa, criticised the government’s approach to the reform process, comparing it to the fertiliser policy introduced under former President Gotabaya Rajapaksa. He alleged that the authorities were pushing ahead with education reforms despite opposition from academics, teachers and other stakeholders.
Nagamuwa also highlighted the economic burden on families, noting that Sri Lanka’s poverty rate had increased from 12.5 percent to 25 percent. He questioned how parents were expected to afford smartphones or tablet computers required for students to access QR code-linked educational content.
“The government is asking parents to bear costs they simply cannot afford,” he said.
Ceylon Teachers’ Union General Secretary Joseph Stalin said schools had already begun collecting money from parents in anticipation of the reforms, including funds to purchase smart boards.
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