News
SLIC gets new Chairman
Sri Lanka Insurance Corporation (SLIC) yesterday announced the appointment of Nusith Kumaratunga as the new Chairman, from 18th of October 2024. Kumaratunga assumed official duties on 22nd October 2024.
The SLIC statement: “A seasoned professional with extensive experience in finance, management, and entrepreneurship, Mr. Kumaratunga brings a wealth of knowledge and expertise to the leadership of Sri Lanka’s largest and most established insurance provider.
Kumaratunga is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, having obtained his membership in 1997. He is also a member of the Institute of Certified Management Accountants of Sri Lanka. In addition, he holds a B.Sc. Special Degree in Estate Management and Valuation from the University of Sri Jayewardenepura.
Hailing from Matara, Kumaratunga is an alumnus of St. Servatius College, where his leadership abilities were nurtured from a young age. He began his professional career with the globally recognized audit firm PricewaterhouseCoopers in 1995, laying the foundation for a distinguished career in finance and management.
In 2000, Kumaratunga founded his own audit firm, Nusith Kumaratunga & Co., which has grown into a highly respected entity, specializing in audit services, tax planning, business advisory, and management consultancy. His firm is known for supporting small and medium enterprises (SMEs), offering critical guidance on financial management and business growth.
Over the years, Kumaratunga has contributed significantly to the development of SMEs in Sri Lanka. He has served as a key resource person for the Ceylon Chamber of Commerce’s World Bank-funded SME Development Facility Project and has conducted training programs across the country to empower entrepreneurs. His expertise has also been sought by institutions such as the Industrial Development Board, the Institute of Chartered Accountants of Sri Lanka, and various financial institutions.
In addition to his professional achievements, he has been actively involved in advising on taxation and economic policies in Sri Lanka. His commitment to supporting the business community and fostering economic growth has been a hallmark of his career.
As Chairman of Sri Lanka Insurance Corporation, Kumaratunga is expected to steer the company towards continued success and innovation, ensuring that SLIC remains at the forefront of the insurance industry in Sri Lanka.”
It has been reported that former Inspector General of Police (IGP) C.D. Wickramaratne has been found dead at his residence in Athurugiriya this morning (17)
it is suspected that he may have taken his own life.
A heated argument broke out between Jaffna District MP Archchuna Ramanathan and Fisheries Minister Ramalingam Chandrasekar during the Kilinochchi District Coordination Committee meeting held yesterday (16).
A video footage of the incident shows the MP and the Minister engaging in a heated verbal exchange, following which a physical confrontation appeared to develop when the Minister attempted to grab files reportedly in the possession of MP Ramanathan.
“If you lay a hand on me, I’ll lay a hand on you too… got it?” Ramanathan is heard telling the Minister during the exchange.
Police and officials present at the meeting intervened to prevent the situation from escalating further.
The circumstances that led to the confrontation were not immediately clear.
Archbishop of Colombo Malcolm Cardinal Ranjith has filed an intervening petition before the Court of Appeal in connection with a petition filed by former head of the State Intelligence Service, Major General (Retired) Suresh Sallay, challenging his arrest and detention under the Prevention of Terrorism Act over investigations into the Easter Sunday terror attacks.
The Cardinal has sought permission from the court to make submissions in relation to Sallay’s petition and requested that it be dismissed.
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