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NSB’s GM/CEO Shashi Kandambi wins Business Leader of the Year Award

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National Savings Bank’s General Manager/CEO Shashi Kandambi on Wednesday received the Business Leader of the Year award at the CIMA-JXG Pinnacle Awards 2025 at The Forum, Cinnamon Life. AICPA & CIMA Chief Executive – Management Accounting Andrew Harding, Vice President Asia Pacific Venkkat Ramanan, and Janashakthi Group Founder and Chairman Emeritus Chandra Schaffter are also present.

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.”



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The Colombo Plan celebrates its 75th Anniversary

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The 75th Anniversary Celebration of the Colombo Plan was held on Friday 03 July at the Galle Face Hotel in Colombo under the patronage of Prime Minister Dr. Harini Amarasuriya.

Delivering the keynote address, the Prime Minister stated that the Colombo Plan was established 75 years ago at a time when many Asian nations were embarking on the path to independence while confronting challenges of post-war reconstruction and economic development.

She noted that it is a matter of great pride for Sri Lanka that the organization bears the name ​“Colombo” and that the country continues to serve as its host.

The Prime Minister further noted that, as Sri Lanka pursues digital transformation, sustainable transport systems, and resilient supply chains, the Colombo Plan’s early investments in the country’s energy, agriculture, irrigation, and transport sectors continue to form an important part of the nation’s development foundation.

The Prime Minister also highlighted the significant contribution of the Colombo Plan’s Drug Advisory Programme in addressing the global drug menace, which has a profound impact on youth, public health, and social stability. The Prime Minister emphasized that, under the leadership of the President, the Government of Sri Lanka has accorded high priority to combating the drug menace and expressed appreciation for the continued support extended by the Colombo Plan towards these efforts.

The Prime Minister further stated that today’s world is far more complex than it was in 1951, with rapid technological transformation, climate challenges, and evolving geopolitical dynamics. In this context, the Prime Minister stressed that regional organizations such as the Colombo Plan must continue to evolve, becoming more adaptive and responsive to contemporary challenges. The Prime Minister also underscored the importance of strengthening cooperation in education and human capital development, while fostering greater awareness among younger generations of the value of international cooperation.

During the ceremony, a special tribute was paid to Dr. Benjamin P. Reyes in recognition of his distinguished service as Secretary-General of the Colombo Plan over the past four years. The newly appointed Secretary-General, Chulamee Chartsuwan, was also welcomed.

To commemorate the 75th anniversary, a special commemorative postage stamp and the publication titled ​“Colombo Plan 75 Years – 75 Stories” were officially launched.

The event was attended by Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra, Ambassador of Vietnam to Sri Lanka and Chairperson of the Colombo Plan Council  Trinh Thi Tam, along with many distinguished guests.

 


Prime Minister’s Media Division

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Out-of-control dengue epidemic spreads across Sri Lanka

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Dengue hyper-epidemic not yet under control, PHI Union warns

The Public Health Inspectors’ (PHI) Union of Sri Lanka on Friday said the country’s dengue hyper-epidemic situation has still not been brought under control, warning of a fresh rise in cases amid changing weather conditions.

Acting President of the PHI Union Upul Rohana said that although the situation has shown some improvement in areas where outbreaks were first reported, new clusters of infection are now emerging in other parts of the country.

He urged the public to maintain, and not reduce, current dengue prevention activities under any circumstances.

Rohana noted that light showers had begun in several areas under prevailing weather conditions, increasing the risk of mosquito breeding as vector density is already high.

He also identified unoccupied properties as a major challenge in dengue control, pointing out that houses belonging to persons working abroad, as well as newly purchased but uninhabited properties in urban areas, were contributing significantly to mosquito breeding sites.

Meanwhile, the National Dengue Control Unit (NDCU) said on Friday that dengue cases reported so far this year have exceeded 57,000, with 57,668 infections and 35 deaths recorded countrywide.

The NDCU said 1,253 new cases were reported within the past 24 hours alone.District-wise, Colombo has recorded 11,811 cases so far this year, while Gampaha has reported 11,443 cases, making them the two most affected districts.

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Yoshitha loses appeal in ‘Menik Malla’ case

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The Court of Appeal on Friday dismissed a revision application filed by Yoshitha Rajapaksa in connection with the money laundering case popularly known as the “Menik Malla” case.

The application challenged a ruling of the Colombo High Court, which had earlier rejected a preliminary objection raised by the defence during trial proceedings.

The judgment was delivered by a bench comprising Justices Amal Ranaraja and Sumudu Premachandra.

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