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Unilever and IDB partner to uplift SMEs and livelihoods

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Unilever Sri Lanka and the Industrial Development Board (IDB) signed a three-year memorandum of understanding to uplift SMEs in Sri Lanka. This is a public private partnership between Unilever and the IDB to jointly support the growth and development of 20 Micro Small & Medium Scale entrepreneurs in Sri Lanka every year through the Industrial Development Fund (IDF). The IDF, under the supervision of the Industrial Development Board, and conforming to guidelines of the Central Bank of Sri Lanka provides financial capital in the form of low interest, repayable loans to Micro, Small and Medium Enterprises (MSMEs), enabling them to commence or expand local manufacturing in sectors prioritized by the Ministry of Industries to fuel an export-oriented economy. The first batch of loans were handed over to 10 female micro entrepreneurs at the occasion of the International Women’s Day on the 12th of March 2024.

Under this initiative, Unilever will contribute to the IDF, a portion of the revenue generated from its own and ongoing SME upliftment programme, “Saubhagya”, which, over the last 20 years has empowered over 15,000 rural females to start their own door to door selling operations with the provision of an initial stock of Unilever products.

Ali Tariq, Chairman & CEO of Unilever Sri Lanka, said, “Supporting the growth of small businesses, especially those managed by women, encourages the contribution and participation of all in the growth and success of Sri Lanka. We are grateful to the Ministry of Industries and the Industrial Development Board for inviting us to support their programme that will impact more than 60 small businesses and their families over the next 3 years”.

Dr. Saranga Alahepperuma, Chairman of the Industrial Development Board stated,” The SME sector stands as a cornerstone of Sri Lanka’s economy. IDB is steadfastly committed to providing SMEs with comprehensive support in terms of encouragement, promotion, and development. Notably, Women Entrepreneurship plays a vital role in fostering socio-economic growth. We express our deep gratitude to Unilever Sri Lanka for their contribution to empowering women entrepreneurs, thereby propelling the nation towards overall success.”



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Dr Asanka Senanayake named most popular dentist at BWIO Awards

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Founder of Shine Dental Care Dr. Asanka Senanayake receiving the award

Dr. Asanka Senanayake, founder of Shine Dental Care centres—which provide dental services across multiple locations—was recently honoured as the Most Popular Dental Doctor of the Year at the Business World International Awards 2025.

The awards, organised by the US-based Business World International Organisation (BWIO), recognised outstanding business ventures and professionals across various industries. The ceremony was held recently at the Mount Lavinia Hotel in Colombo.

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Another 43 Ceylinco Life sales officers graduate with diplomas in Financial Sales Management

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Ceylinco Life’s latest batch of graduates in Financial Sales Management with Directors of the company and representatives of SLIM.

A group of 43 sales officers of Ceylinco Life recently graduated with diplomas in Financial Sales Management, under a programme tailor-made for the life insurance market leader by the Sri Lanka Institute of Marketing (SLIM).

Covering subjects such as Financial Planning, Communication, Analytical Skills Development, Time Management, Financial Markets, and Taxation among others, the bespoke diploma programme was introduced by Ceylinco Life to enhance the skills, knowledge, and competencies of its sales personnel, and to nurture a highly proficient sales force capable of tapping into premier markets and delivering exceptional services to customers.

The nine-month course programme includes contemporary coursework, examinations and assignments to ensure a well-rounded education for the candidates.

Speaking at the graduation ceremony, Ceylinco Life Executive Director/Chief Operating Officer Samitha Hemachandra said the company had from its inception, placed special emphasis on developing and rewarding professionalism among the members of its sales force. “We led the way in equipping our sales professionals with digital tools, pushed them to obtain professional qualifications from leading international bodies relating to life insurance, to qualify for Million Dollar Round Table membership, and to improve their knowledge in finance,” he said. “As a result, they have earned the respect of the community and their peers, and built stable and lucrative careers with Ceylinco Life.”

SLIM President Prof. Jayantha N. Dewasiri said: “Promoting professional competence as a contributor to the economic growth of our country is one of the objectives of SLIM. In furtherance of this, we provide professional education to thousands of Sri Lankans every year, and are happy to support Ceylinco Life’s efforts to advance the careers of its sales officers though professional development. This is an example to other corporate entities.”

Ceylinco Life’s senior directors Messrs. Devaan Cooray and Palitha Jayawardena, Director/Deputy CEO Ranga Abeynayake, SLIM Vice President – Education & Research Dr Dilhan Sampath Jayatilleke, CEO Chamil Wickremasinghe other distinguished guests attended the graduation ceremony at the Ceylinco Life Auditorium.

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ComBank and Senok unveil special offers on construction machinery and equipment

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Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan and the Deputy Managing Director of Senok Trade Combine Mr Ranjan Dahanayake exchange the MoU in the presence of representatives of the two companies.

Companies in the construction sector have been provided an opportunity to acquire new equipment through affordable leasing options created via a collaboration between the Commercial Bank of Ceylon and Senok Trade Combine (Pvt) Ltd., which represents global brands in construction machinery and equipment.

A memorandum of understanding signed by the two organisations provides for a series of special benefits to be provided to customers who purchase JCB and Kobelco branded construction equipment from Senok under a customised leasing package provided by Commercial Bank.

The benefits include special prices and lower interest rates, customised payment plans with attractive and affordable rentals, and the first three services at 50, 250 and 500 hours, free of charge.

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