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Sampath Bank renews Platinum Partnership with  Sri Lanka Institute of Directors

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L to R – Anitra Perera, Chief Executive Officer of the Sri Lanka Institute of Directors, and Tharaka Ranwala, Senior Deputy General Manager – Marketing, Customer Care, and Card Centre at Sampath Bank, at the official handover ceremony marking the partnership.

Sampath Bank is proud to renew its Annual Platinum Corporate Partnership with the Sri Lanka Institute of Directors (SLID) for 2024–2025. This collaboration highlights a shared commitment to advancing Corporate Governance across Sri Lanka, empowering organisations in their pursuit of ethical and transparent practices in both the private and public sectors.

As a Platinum Corporate Partner of SLID, Sampath Bank is dedicated to fostering positive change within the corporate landscape. Representing the Bank in this significant partnership is Mr. Tharaka Ranwala, Senior Deputy General Manager – Marketing, Customer Care & Card Centre, whose extensive expertise will play a pivotal role in driving the success of this initiative.

Commenting on this partnership, Anitra Perera, Chief Executive Officer of the Sri Lanka Institute of Directors, said, “We are delighted to have Sampath Bank on board as our Platinum Corporate Partner for the second consecutive year. Their unwavering commitment to promoting ethical practices and fostering governance aligns seamlessly with SLID’s mission of empowering leaders and elevating boardroom standards. This collaboration continues to make a significant impact, not just in shaping dynamic leadership but also in advancing sustainable practices across Sri Lanka’s corporate landscape.”

The partnership provides Sampath Bank with the opportunity to support organisations in adopting governance practices that uphold accountability and enhancing shareholder value. Meanwhile, SLID, with its diverse membership of over 1000 influential business leaders, continues to lead the way in nurturing a culture of excellence within boardrooms and inspiring a new generation of leaders to navigate the challenges of tomorrow.

Both organisations remain steadfast in their mission to champion Corporate Governance through Board focused educational initiatives and innovative forums featuring local and global thought leadership. SLID’s flagship Board Leadership Training program is currently on its 20th intake with over 500 business leaders gaining key insights into boardroom practices, strategy, risk and governance. SLID also facilitates more than eight forums, including the Audit Committee Forum, Independent Directors Forum, Women Directors Forum and the Young Directors Forum which provides crucial insights to its members, enabling them to excel in their roles. These training initiatives and forums foster peer-to-peer knowledge sharing, dissemination of relevant information, and a focus on best practices in key areas of governance.

Through this renewed partnership, Sampath Bank and SLID aim to give Sri Lankan businesses the tools and knowledge to excel in an ever-evolving economic landscape to ensure a brighter future for all Sri Lankans.



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Secretary to the President meets with heads of the Health sector

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A special discussion between Secretary to the President Dr. Nandika Sanath Kumanayake and the heads of the health sector was held on Tuesday (18) at the Presidential Secretariat.

During the meeting, it was discussed that a committee would be formed to explore possible steps that could be taken through the President’s Fund to reduce the number of patients on long waiting lists for surgeries in government hospitals.

The committee is expected to submit a report on the matter within one month. Based on the findings, appropriate actions will be taken, as indicated by the Secretary to the President.

The discussion highlighted the significant number of patients, including those requiring cardiac, ophthalmic, and paediatric surgeries, who are currently awaiting procedures on long waiting lists at government hospitals.

Attention was also given to the potential support that could be provided by the President’s Fund and other relevant sectors to address the challenges faced by these patients.

Additionally, discussions were held regarding the possibility of conducting surgeries after regular working hours at government hospitals. The challenges faced by doctors and staff were also thoroughly discussed during the meeting.

The discussion was attended by several key officials, including Deputy Minister of Health and Mass Media Dr. Hansaka Wijemuni, Secretary to the Ministry of Health and Media Dr. Anil Jasinghe, Additional Secretary (Public Health Services) Dr. Lakshmi Somathunga, Director General of Health Services Dr. Asela Gunawardena, Senior Additional Secretary to the President Roshan Gamage, along with directors and specialist doctors from major hospitals across the country.

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Govt. plan to boost revenue with taxes on vehicle imports unrealistic, warns Harsha

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Dr. de Silva

By Saman Indrajith

SJB Colombo District MP Dr. Harsha de Silva told Parliament yesterday that vehicle imports would be affected by unusually high prices. Commencing the Second Reading debate from the Opposition side, Dr. de Silva said that President Anura Kumara Dissanayake had, in his Budget speech, projected a substantial portion of tax revenue from vehicle imports. “What is the feasibility of such expectations, given the current price surge,” the MP queried.

“Who can afford to import vehicles at these rates? I do not believe there are enough affluent individuals in Sri Lanka to sustain vehicle imports at these exorbitant prices.”

Providing examples of the dramatic price increase, Dr. de Silva pointed out that a Toyota Raize now cost Rs. 12.2 mn, a Toyota Yaris Rs. 18.5 mn, and a Toyota Prius a staggering Rs. 28.9 mn.

“Someone mentioned that a Toyota Vitz could be available at Rs. 1.4 mn.”

Dr. de Silva said that the government aimed to increase tax revenue by 1.6% of GDP with a significant portion expected from vehicle imports. However, he warned that achieving that target was unrealistic under current circumstances. The government must reassess its reliance on this sector for increasing tax revenue,” he said.

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SLN receives shallow water multi-beam echo sounder from Australia

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From left : Defence Advisor to the Australian High Commission in Colombo, Colonel Amanda Johnston, Australian HC in Colombo Paul Stephens, Commander of the Navy, Vice Admiral Kanchana Banagoda and Chief Hydrographer of SLNHS and Commander Southern Naval Area, Rear Admiral Kosala Warnakulasooriya

Giving a significant boost to Sri Lanka’s hydrographic capabilities, the government of Australia handed over a state-of-the-art Shallow Water Multi-Beam Echo Sounder to the Sri Lanka Navy Hydrographic Service (SLNHS) during a ceremony held at SLNS Rangalla today (18 Feb 25). The formal ceremony was held under the auspices of the High Commissioner of Australia to Sri Lanka, Paul Stephens and the Commander of the Navy, Vice Admiral Kanchana Banagoda, marking new chapter in the discipline of hydrography.

The Australian government provided the Sri Lanka Navy with this Multi Beam Echo Sounder to enhance its hydrographic capabilities. This advanced equipment will enable the Sri Lanka Navy Hydrographic Service (SLNHS) to conduct precise hydrographic surveys, essential for creating nautical and electronic charts for international use. The device will also facilitate the production of high-precision nautical charts, ensuring safer maritime navigation.

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