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Sri Lanka Insurance Life partners with Bar Association of Sri Lanka to offer exclusive retirement plans for legal fraternity

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(L-R) Prakalathan Thuraisingam (Manager - Program Office of BASL), Ms. Suranee M. Samarasekara (Adminstrative Secretary / CEO), Rajeev Amarasuriya (Chairman of BASL), Nalin Subasinghe (CEO of SLIC Life), Dayaratne Perera (CO Life of SLIC Life), Jagath Welgama (DGM National Sales of SLIC Life) and Saman Amarasinghe (Key Accounts Manager - Broker Servicing of SLIC Life)

Sri Lanka Insurance Life, has partnered with the Bar Association of Sri Lanka (BASL) to introduce the Sri Lanka Insurance Life Rakawarana Retirement Plan, an exclusive retirement plan designed for the legal community.

This special collaboration brings together two prestigious national institutions in a partnership aimed at strengthening the financial security of the legal professionals. The Sri Lanka Insurance Life Rakawarana Retirement Plan is crafted exclusively for members of the BASL, offering a guaranteed income after retirement and enhanced protection with an Accidental Death Cover. It enables members to enjoy a financially independent and peaceful retirement, ensuring that they and their loved ones remain protected at all times.

The plan provides members the flexibility to choose their preferred retirement age between 45 and 70 years, offering a guaranteed monthly income that increases by 5% annually on a compounding interest basis. It also allows members to enhance their retirement fund according to their future needs and to receive up to five times their monthly pension as a health benefit each year, without the need for hospital or medical bills. In the event of an unfortunate demise of the policyholder during the benefit receiving period, the beneficiary will continue to receive the remaining annuity and bonuses.

Adding further protection, the plan offers Accidental Death Coverage to ensure financial support against unforeseen incidents, along with flexible payment options, monthly, quarterly, half-yearly, or annually. The plan is open to individuals between 18 to 60 years of age, with policy terms ranging from 5 to 40 years. Members may also enhance their cover with additional benefits such as family protection covers, permanent disability covers, critical illness covers, and hospitalisation cash benefits.

Commenting on the partnership, Rajeev Amarasuriya, President of the Bar Association of Sri Lanka, said, “The BASL is committed to enhancing the welfare and wellbeing of its members, and this collaboration with Sri Lanka Insurance Life is an important initiative that ensures our members have access to a secure and dependable retirement plan. It is an important step in strengthening the long-term financial independence of the members of the legal fraternity.”

Chathura Galhena, Secretary of the BASL added ‘This was a longstanding need for the members of the Bar and Sri Lanka Insurance Life being a well-established state entity has come forward to partner with the BASL to bring a long-lasting benefit scheme for the membership.’

Nusith Kumaratunga, Chairman, Sri Lanka Insurance Life, stated, “As the strongest and most stable life insurer in the country, we are honoured to extend our protection to the legal fraternity through this exclusive partnership. The Sri Lanka Insurance Life Rakawarana Retirement Plan reflects our strength, stability, and commitment to safeguarding professionals who play a vital role in upholding justice and the rule of law.”

‘Nalin Subasinghe, Chief Executive Officer, Sri Lanka Insurance Life, added, “This partnership is a meaningful step in our journey to create tailored insurance solutions that meet the evolving needs of diverse professional communities’.



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Cargills adopts Crow Island Beach in partnership with Clean Ocean Force Lanka

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Cargills Food and Beverage Ltd. through its brands KIST and Knuckles, has signed a Memorandum of Understanding (MoU) with Clean Ocean Force Lanka (COF) to adopt Crow Island Beach for one year, reinforcing its commitment to long-term coastal conservation in Sri Lanka.

This pioneering initiative is designed to protect and preserve the coastal environment through several key measures, including the removal of plastic and other pollutants from the beach and surrounding coastal area. As part of the adoption programme, the beach will be maintained daily with the support of dedicated beach caretakers, while also supporting their livelihoods by providing meaningful income opportunities.

Marking the partnership and in celebration of World Recycling Day, a coastal clean-up programme was conducted at Crow Island Beach to remove plastic and other manmade pollutants. Volunteers from Cargills, Clean Ocean Force Lanka, the Interact Club of Colombo, the Colombo Municipal Council and the Women’s Force of COF Negombo (Sri Vimukthi Association) participated in the clean-up with support from the Marine Environment Protection Authority (MEPA), the Sri Lanka Police Environmental Division and the Ministry of Local Government and Environment as well as the Crow Island Beach Park Society.

Jerome Fernando, Chairman & Co-founder of Clean Ocean Force Lanka said that, “Marine & Coast Conservation demands a unified front. Our unique Public-Private-People Partnership model is the cornerstone of our mission, and today, we are thrilled to welcome Cargills (Ceylon) PLC as a vital partner in this journey adopting the Crow Island Beach for the next one year. This collaboration will not only amplify our efforts to eliminate plastic and manmade pollutants from our beaches, but also reinforce our commitment to empowering marginalized communities through sustainable livelihood opportunities. Cargills’ deep-rooted dedication to environmental sustainability and community wellbeing perfectly aligns with our vision.”

Jagath Gunasekara, General Manager of MEPA added, “The Marine Environment Protection Authority consistently promotes active private sector engagement in marine and coastal conservation, as well as pollution control initiatives. This approach aligns closely with our Beach Caretaker Programme. We are pleased to collaborate with Cargills (Ceylon) PLC in the adoption of Crow Island Beach through our long-standing partnership with Clean Ocean Force Lanka.”

During the event, Knuckles also launched Sri Lanka’s first tethered bottle cap, introducing a packaging innovation aimed at improving plastic waste management and supporting recycling efforts. The tethered cap is designed to remain attached to the bottle after opening, reducing the likelihood of caps being discarded separately. Bottle caps are among the most commonly littered plastic items globally and frequently enter landfills and waterways due to their small size and low collection rates.

Speaking on the initiative, Arjuna Kumarasinghe, Managing Director of Cargills Food & Beverage Ltd., said, “Cargills has always believed in taking responsibility for the communities and environments around us. By adopting Crow Island Beach, we’re able to work closely with our partners and local volunteers to protect this part of our coastline. Launching the tethered bottle cap is another way we’re addressing plastic waste and making recycling easier for everyone.”

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CBSL adopts cautious stance in the face of economic uncertainties

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Dr. Nandalal Weerasinghe; focus on inflation stabilization

The Central Bank is keeping its overnight policy rates unchanged, adopting a cautious stance amid uncertainty over the inflationary impact of energy prices due to the Middle East crisis.

‘We maintained the overnight policy rate at 7.75 percent, considering low inflation and a restrained approach on the fallout of the US-Israeli war on Iran, Central Bank Governor Dr Nandalal Weerasinghe said.

The Governor made these remarks yesterday at a press briefing held at the Central Bank head office in Colombo to announce the monthly monetary policy stance.

Dr Weerasinghe added: ‘Inflation is now expected to reach the Central Bank’s target of 5 percent in the second quarter of 2026, after Sri Lanka raised fuel prices by about 35 percent this month.

‘However, spillovers from the ongoing conflict could weigh on domestic economic activity in the period ahead should the conflict be prolonged.

‘The rates were steady since last May as the nation recovers from a 2022 financial crisis driven by a severe dollar shortage.

‘Supported by a US$ 2.9 billion programme with the IMF, Sri Lanka posted a strong economic recovery last year, growing by 5 percent and now targeting growth between 4 percent and 5 per cent in 2026.

‘What stands out is that they see space for inflation to rise because of energy prices but still stay contained.

‘From now to June, underlying economic momentum has the space to keep pace despite the disruption because domestic liquidity and credit has been quite substantial as well.

‘An IMF team will arrive in Colombo on Friday for the combined fifth and sixth reviews of the bailout.

‘Furthermore, Gross Official Reserves increased to US$ 7.3 billion at end February 2026 and the Central Bank purchased a substantial amount of foreign exchange from the market in the first two months of the year.

‘However, the ongoing conflict in the Middle East poses risks to Sri Lanka’s external sector outlook, particularly through energy, tourism, trade and remittance flows, although the overall magnitude of the impact remains uncertain.

‘While the Sri Lanka rupee remained relatively stable in early 2026, some depreciation pressures were observed following the onset of the Middle East conflict, similar to the exchange rates of regional peers.

‘Meanwhile, the Monetary Policy Board remains prepared to implement appropriate policy measures to ensure that inflation stabilizes around the target, while supporting the economy to reach its potential.’

By Hiran H Senewiratne

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Dialog Unveils Dialog Play Mini with Netflix and Apple TV

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Dialog Television, Sri Lanka’s #1 Pay-TV service provider, has announced the latest upgrade to its smart entertainment lineup with the Dialog Play Mini, featuring seamless access to global streaming platforms including Netflix, Apple TV and YouTube, alongside the Dialog Play entertainment ecosystem for a unified viewing experience. Previously known as the ViU Mini, the device has now been reintroduced as the Dialog Play Mini, reflecting the evolution of Dialog’s digital entertainment platform under the Dialog Play brand.

The Dialog Play Mini transforms any television into a smart 4K entertainment hub by enabling hybrid multi-platform streaming across leading global and local content platforms, delivering a smoother, more intuitive viewing experience. Whether enjoying Netflix originals, Apple TV exclusives, or local favorites, households can now experience world-class entertainment in one compact device.

The Dialog Play Mini brings a streamlined, user-friendly experience to any home setup. Its single numeric-keypad remote controls both the TV and the device, offering simplicity and convenience for everyday viewing. With multiple connectivity options including Wi-Fi, hotspot, LAN, or wingle, the device ensures uninterrupted entertainment even in areas without smart TVs or advanced broadband setups.

Bridging the gap between entry-level set-top boxes and premium Android TV devices, the Dialog Play Mini offers a plug-and-play smart experience. Supported by Dialog’s nationwide service network, local warranty, and after-sales care, it delivers a reliable, feature-rich entertainment experience for Sri Lankan homes.

“With Dialog Play Mini, entertainment becomes more directly accessible for every Sri Lankan home – with or without a Smart TV,” said Lim Li San, Group Chief Operating Officer of Dialog Axiata PLC. “By bringing Netflix, Apple TV, YouTube, and Dialog Play together in one compact 4K-ready device, we’re redefining home entertainment through simplicity, innovation, and the power of connectivity.”

The Dialog Play Mini is now available at Dialog Experience Centers and authorized retailers islandwide. To purchase online, please visit

https://dialog.lk/dialog-play-mini

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