Wednesday, November 5, 2025
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Teejay closes H1 charting a strongcourse for future

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Teejay Group, Sri Lanka’s first multinational textile manufacturer, recorded a Profit after Tax ofLKR0.9Bnforthefirsthalfofthefinancialyearending30thSeptember2024.TheGroupRevenuereached a notable LKR 32.7 billion, recording an 11% increase compared to the first half of thepreviousyear.

Gross Profit of the Group posted at LKR 3.2 Bn for the first half of FY2024/25 with a 47%improvement when compared to the same period in the previous financial year with a strongbalance sheet and a cash balance of LKR 8.4 Bn. The net assets base at the close of the periodunder reviewstood at LKR30.4 Bn,withavalue of LKR42.19netassetsper share.

Teejay Lanka Chairman Mr. Ajit Gunewardene said the Group has stepped up its strategies todrive initiatives with our commitment to digitalization; environmental, social, and governance(ESG) initiatives. The cost reduction and innovative product development is setting us on atrajectoryforgrowth.Thesestrategicprioritiesareopeningpromisingopportunities,enablingustonavigateandovercomemarket challenges.”

Commenting on the performance, Teejay Lanka CEO, Mr. Pubudu De Silva said, “The growth inrevenue is attributable to the improvements in the Group’s, demand increase despite thechallengesposedbythedepreciationoftheRupeeandthevolatilityinthesupplychaindisruptions. “The Group is witnessing a significant shift of orders to the Asian region due to theChina One Plus strategy & the Group has made the necessary strategic shifts to seize emergingopportunitiestonavigate the current marketdynamicssuccessfully.”Mr.De Silvaadded.

The Teejay Group owns manufacturing facilities in Sri Lanka and India, along with a state-of-the-art printing facility in Sri Lanka. An ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007compliant company and the first in the industry to develop green fabric, Teejay Lanka was alsothefirsttextilemanufacturerinSriLankatoreceivemembershipoftheUSCottonTrustProtocol.Teejay is a public quoted company with 40 per cent public ownership and the backing of SriLanka’s largest apparel exporter Brandix Lanka which has a 32 per cent stake in the Company.Pacific Textiles of Hong Kong, whose key shareholder is the Tokyo Stock Exchange listed TorayIndustries Inc.,owns 27per centofTeejayLanka.

Teejay Lanka was ranked the No 1 corporate entity among 100 public listed companies in SriLanka for Transparency in Corporate Reporting in the TRAC 2023 assessment carried out byTransparencyInternationalSriLanka(TISL),thelocalarmoftheinternationalcorruptionwatchdog.TheTISLassessmentwascarriedoutonthreeareascrucialtofightingandpreventingcorruption:reportingonanti-corruptionprogrammes,transparencyincompanyholdingsandthedisclosureofkey financialinformation in domesticoperations.

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Teejay Lanka Chairman Mr Ajit Gunewardene (left) and CEO Mr Pubudu De Silva

Kommon Poll by Synapse AI Labs achieves dual honours at NBQSA 2024 awards

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Synapse Artificial Intelligence Labs (Pvt) Ltd, a leader in innovative AI-powered marketing solutions, is pleased to announce its recent achievement at the prestigious National ICT Awards, NBQSA 2024. The company’s flagship product, “Kommon Poll,” an innovative social listening tool and analytics platform, has achieved exceptional recognition and received the Gold Award for Startup of the Year and the Silver Award in Marketing Solutions in the Business Services Category.     

This double win emphasizes Synapse AI Labs’ dedication to breaking the limit of AI-driven marketing technology and strengthening its position as a martech industry leader. Kommon Poll, a locally created tool, empowers businesses with all-inclusive social media monitoring, online sentiment analysis, and valuable data insights across 120+ languages, including Sinhala and Tamil.  

The NBQSA 2024 honour Synapse AI Labs’ leadership in AI innovation and its ability to offer helpful, data-driven marketing solutions. This accomplishment consolidates Kommon Poll’s position as a credible and effective tool for businesses looking to increase customer engagement and experience straightforward data-driven insights.

Nikin Matharaarachchi,  Founder and Chief Executive Officer of Synapse Artificial Intelligence Labs (Pvt) Ltd, expressed his gratitude for the recognition. “We are extremely thrilled to accept these awards from NBQSA. These recognitions are proof of our team’s hard work and commitment to creating innovative solutions that propel business growth. We are dedicated to carrying on our mission of empowering businesses with the power of AI and data.” 

To learn more about Synapse Artificial Intelligence Labs (Pvt) Ltd and how Kommon Poll can help your business, visit their website at synapseailabs.com or kommonpoll.com. Get in touch with us today to see how Kommon Poll can change your marketing strategy effectively.

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Image 01 – NikinMatharaarachchi – Founder / CEO, Synapse AI Labs and Erandi Perera – Head of Growth & Marketing, Synapse AI Labs receiving the gold award for Startup of the Year NBQSA 2024

Image 02 – NikinMatharaarachchi – Founder / CEO, Synapse AI Labs and Erandi Perera – Head of Growth & Marketing, Synapse AI Labs receiving the silver award for Marketing Solution in Business Services category NBQSA 2024

Greenpeace South Asia releases new report on climate and oceans, on the opening day of UN Biodiversity Conference

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As the 16th Conference of the Parties for the Convention on Biological Diversity (CBD COP 16) opens in Cali, Colombia, a new Greenpeace report, “In Hotter Water: How the Global Ocean Treaty can boost climate action”, presents compelling evidence of the climate crisis’ disastrous impacts on the ocean and coastal communities, as well as solutions forward.

The report summarises scientific findings over the last five years which raise the alarm about ocean warming, coral bleaching, shifting marine species distributions, sea ice loss, sea level rise and extreme weather events.[1] Also highlighting a recent study, the report warns that the oceans’ ability to absorb carbon dioxide may no longer be able to keep pace with human emissions.[2] All these changes have come at huge cost to the oceans themselves, and with profound consequences for billions of people worldwide.

Avinash Chanchal Kumar, Campaign Manager for Greenpeace South Asia, said:
“We must urgently take action and safeguard our best ally in the fight against climate change. Alongside drastically reducing carbon emissions as a matter of urgency, governments must ratify the Global Ocean Treaty that will allow the creation of large protected areas on the high seas. These would improve the resilience of marine ecosystems to climate change, maintain ocean carbon storage capacity and ultimately benefit us all.”

While the ocean and climate crises are worsening, governments have been dragging their feet on measures to effectively protect the oceans. To this day, less than 1% of the high seas – the largest habitat on Earth, comprising 64% of the world’s ocean – is fully or highly protected from human activities.

Anita Rumeshi Perera, Greenpeace South Asia campaign in Sri Lanka added:
“The ocean supports all life on this planet, and on the eve of the UN Biodiversity Conference we have displayed a giant inflatable octopus mascot at Lotus Tower in Colombo, to engage with the public on ocean conservation benefits. We are now calling on the new President and future government to make the signature and ratification of the Global Ocean Treaty one of their environmental priorities. Whereas climate change, heat waves and floodings now impact everyday lives we must act on straightforward multilateral solutions at hand”.

At the CBD COP 16, Greenpeace will also look to further improve biodiversity funding commitments for developing countries, synergies between biodiversity and climate policies, as well as other ocean and coastal community support priorities.

2nd Culinary Champions Competition – October 31st in Kandy

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The culinary world is set to sizzle as Kandy, the historic city in Sri Lanka, prepares to host the highly anticipated Culinary Champions Competition. The event promises to bring together the finest chefs from across the country to compete for the prestigious title of Sri Lanka’s Culinary Champion 2024. The event, to be held at Sahas Uyana from October 31 and November 1 and 2, will showcase the skills and creativity of both seasoned professionals and rising stars of the Sri Lankan culinary scene.

Organized by Lanka Exhibition and Conference Services (Pvt) Ltd and supported by the Kandy Hoteliers Association, Nuwara Eliya Hoteliers Association and Cultural Triangle Hoteliers Association.

The competition is designed to celebrate Sri Lanka’s rich culinary heritage while encouraging innovation in modern culinary techniques.

Event Highlights:

– Culinary Showdown: Talented chefs will compete in 17 various competition categories including traditional Sri Lankan cuisine, Decorated Cake, Fruit & Vegetable Carving, Ice Carving, Bread & Pastry Display, Hot Cooking Fish Fillet, Hot Cooking Poultry, Hot Cooking Seafood, Asian Noodles, Desserts, Team Challenge, Young Chef, Hot Pasta Main Course, Tea Challenge, Iced Mocktail, Creative Table Set-up and BBQ Sausage Platter.

– Judges: A panel of renowned local and international chefs will judge the contestants based on creativity, technique, presentation and taste. The panel of judges will be headed by Chief Judge Alan Palmer who has over 60 years of experience in the industry. The Panel of dedicated and experienced Judges ensure that all the competitors benefit from this opportunity to display their skills and creativity.

– Live cooking demonstrations: Attendees will have the opportunity to witness live cooking demonstrations by the competitors.

The main sponsor of this event is Unilever Food Solutions Sri Lanka, Official sponsors are Litro Gas Lanka Ltd, Standard Holdings (Pvt) Ltd, Abdul Rahims, Queens Work Wear (Pvt) Ltd and Dream Factory. Category sponsors are Serendib Flour Mills (Pvt) Ltd, Oceanpick (Pvt) Ltd, Plenty Foods (Pvt) Ltd, Convenience Foods (Lanka) PLC, Maxies and Company (Pvt) Ltd, Diamond Best Foods (Pvt) Ltd, Ma’s Tropical Food Processing (Pvt) Ltd, Ellawala Horticulture (Pvt) Ltd, Pussalla Meat Products (Pvt) Limited.

The Culinary Champions Competition is an excellent platform for chefs to demonstrate their skills and showcase the diversity of Sri Lankan cuisine to a wider audience. The competition aims to inspire the next generation of culinary artists and give them the opportunity to gain recognition on a national platform. The winners will not only receive the title of Culinary Champion.

We welcome and invite all hotels, restaurants and food and beverage outlets to participate in Culinary Champions 2024. This prestigious culinary event provides a platform for sharing experiences and promoting culinary excellence, showcasing the skills and abilities of chefs, cooks, pastry chefs and apprentices from near and far.

Culinary Champions 2024 provides an excellent opportunity for industry professionals to showcase their skills, gain exposure and network with other industry professionals. The aim of the competition is to provide a platform to promote culinary excellence, skills and abilities of chefs, cooks, pastry chefs and apprentices from this region.

Head Table fromLeft to right

Chef Kapila Jayasinghe, Executive Chef – Cinnamon Grand Hotel, Ms. Andrea Fonseka, Junior Customer Strategic and Planning Manager, Unilever Food Solutions, Mr. Aasim Mukthar, CEO – LECS, Mr. Alan Palmer, Project Director – Culinary Champions 2024, Chef Priyal Wijesuriya, Director Operation – Hilton Colombo Residences, Chef Priyantha Weerasingha, Director Culinary – NH Collection, Chef Patrick Buttgereit, Executive Chef – Shangri-La Hotels & Resorts, Mr. Husnie Rauf, COO – LECS.

2447 leaves for Israeli agricultural jobs .

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According to the Memorandum of Understanding between the Government of Sri Lanka and the Government of Israel, 2447 Sri Lankans have gone to Israel for agricultural employment opportunities in Israel since December last year .

Meanwhile , an awareness program was conducted yesterday ( 10/25) at the Sri Lanka Foreign Employment Bureau to give air tickets to another 61 Sri Lankans who qualified for jobs in the agro-industrial sector .

This group is the 53rd and 54th group who got Israeli agricultural industrial jobs , 13 of them will leave for Israel on the 30th of this month and the rest on the 6th and 16th of November.

The Sri Lankan Embassy in Israel has confirmed that Sri Lankans working in Israel have not experienced any problems due to the conflict situation in Israel these days.

The Sri Lankan Foreign Employment Bureau requests the public to refrain from giving money to any person or organization to obtain employment opportunities in the agro-industrial sector in Israel, as Sri Lankans are entitled to employment opportunities in the agricultural sector in Israel according to an agreement of understanding between the two countries.

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ABV WALK 2024 “ Ananda Balika Walk

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RUZAIK FAROOK

The “ ABV WALK 2024 “ Ananda Balika Walk organized by the Ananda Balika Vidyalaya Old Girls’ Association on Sunday October 20 to mark the 100 years of School  under the theme of “ A Step forward from the Century “. It was held under the patronage of the Principal of the School Mrs. W.B.G. Kumudunie.

Assistant Superintendent of Police Colombo South Saman Jayalath was present as chief guest and Flight Lieutenant of Sri Lanka Air force and distinguished old girl RDSD Jayasekara were present as guest of honour.

The walk commenced  from the Ananada Balika Vidyalaya premises and ended at the Open Air Theater of Viharamadevi Park and launched a song at the Viharamadevi Park that was  prepared by old girls in this connection. 

This walk was a fundraising event organized by the ABVOGA and the funds will be utilized to construct the four storied building for school OGA Ruchira Yapa Abeywardene.

Madhavi Dissanayake, Former Deputy Principal and Advisor of OGA, Secretary of the OGA Ruchira Yapa Abeywardena, Deputy Principals, Vice Principals, teachers, students, old girls and parents also present.

MW warns against deliberate misinformation on social media

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As the nation anticipates the uplifting of the restrictions of vehicle imports, there has been a multitude of social media posts deliberately promoting speculative pricing on new vehicles that will be imported. Associated Motorways (Pvt) LTD. (AMW), a leader in Sri Lanka’s automotive industry, and sole distributor for Suzuki and other leading automotive brands, has expressed its growing concern about the spread of this misinformation.

AMW has closely monitored the market in order to calculate the likely pricing of new vehicles. These prices are based on factors such as, import duties & Taxes, VAT, exchange rates and logistic costs. Unfortunately, many of the prices currently being shared on social media are significantly understated with the intention of driving down the used vehicle market. It is widely believed that this false information is being spread by individuals belonging to what is referred to as the ‘Registered Car Sales Mafia’. These parties could be trying to artificially lower the value of registered vehicles.

Virann de Zoysa, Director at Associated Motorways (Private) LTD. shared his thoughts on the issue, stating, “It is unfortunate that malpractices like the sharing of misinformation is running rampant. We must be careful not to fall prey to scam artists, especially now, given the prospect of the importation of vehicles. It is imperative that any potential misinformation be verified by a reliable or authorized party.”

The following selection of vehicles and projected prices will be available exclusively from AMW, the Suzuki Alto K10 1L, Automatic at LKR 6,700,000, Suzuki S-Presso 1L, Automatic at LKR 6,900,000, Suzuki Celerio, 1L, Automatic at LKR 7,100,000 and the Suzuki Fronx, 1L Turbo Automatic, at LKR, 10,750,000. Additionally, vehicles such as the Nissan Magnite, 1L, Automatic at LKR 7,600,000, Nissan Magnite 1l Turbo, Automatic at LKR 8,500,000, Nissan Almera, 1L, Turbo, Automatic at LKR 12,600,000 and the Nissan Urvan (13-seater) at LKR 16,100,000, will also be available.

AMW emphasizes that terms and conditions will apply to the aforementioned selection of vehicles and that customers should wait for information on pre-bookings exclusively from AMW which, will be released only after official Government announcement on vehicle import restrictions being lifted has been made.

AMW urges all customers to be cautious and vigilant about misleading information that is found on social media. AMW is committed to providing the most accurate information on a timely basis. The company stresses the importance of relying solely on verified sources of information, such as official communications from AMW and other authorized distributors, as this is paramount with considering price projections and purchases of vehicles.

Furthermore, it is important to recognize and understand that the deliberate spreading of false information on digital platforms can have serious legal consequences. As per local law, the sharing of false information, especially with the intent of deceiving the public, may constitute an offense.  AMW encourages all customers to act responsibly when sharing unverified information on social media. If customers are in doubt about the accuracy or authenticity of the information being shared, it is imperative that it be verified by trusted sources such as the authorized distributors.

US, Indian Embassies become champions at Cricket and Soccer Tournament

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RUZAIK FAROOK 

The Diplomatic Cricket Committee organized the 7th Annual Diplomatic Cup Cricket and Football Tournament among the Diplomatic Missions and UN Agencies on Sunday October 20th at the Wesley College Grounds, Colombo.

It was held under the patronage of Project Chairman M.S.M. Shiraj from the South African Embassy with the members of the organizing committee.

The participating teams for (Cricket) were Qatar Embassy, WFP team, Indian Embassy, IOM team, Australian Embassy,  US Embassy A , US Embassy B, UN Team, Canada Embassy, European Combination team,

British Council, South African Embassy, ICRC team, Asian team, Gulf team and Mofa team.

The participating teams for football were the Indian Embassy, World Food Programme, Canadian Embassy, British Council,  US Embassy, Oman Embassy, ICRC, Gulf Combination Team, and Saudi Arabia Embassy.
High Commissioner of South Africa Sandile Edwin Schalk along with Saudi Arabia Ambassador Khalid Hamoud Nasser Aldasam Al Khatani and Australia Ambassador Paul Stephens were present at the opening ceremony.

In the finals of the Cricket tournament, the United States  team defeated the Indian team and in the Soccer tournament finals India beat Canada.

Captain of the US Embassy Cricket team Udara Perera and Captain of the Indian Embassy Soccer team S. Elilventhan received the champion trophy from High Commissioner of South Africa Sandile Edwin Schalk.

Ambassador of Indonesia Dewi Gustina Tobing, the Sponsors of the tournament Sabry Bahaudeen, Director Leisure Cluster of Expolanka Holdings PLC and Classic Travel (Pvt) Ltd, Udaya Francis, National Sales Consultant Toyota Lanka, M.Z.M.Rushdi , MTL Lanka Logistics Travels Pvt Ltd CEO , Chairman of the Organizing Committee South African High Commission M.S.M. Siraj and others presented the winners awards to the winners of the tournament.

BMS Campus celebrates Silver Jubilee 25 years of Legacy in Higher Education

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The journey of BMS Campus with a humble beginning has evolved into an institution of academic excellence, fostering innovation, creating and shaping the future of next generation leaders. BMS vision of transforming lives and influencing the future is the guiding force behind the success. One of the hallmarks of the BMS Campus has been its commitment to academic rigour, relevance and learning practices to meet changing needs of the students, industry and society.

BMS has transformed the teaching process as interesting, interactive and impactful and created a learning environment for students to be happy to embrace the new knowledge. The 25 year experience shows that the happy students learn better and perform their best. BMS Campus is a Degree Awarding Institution in terms of the Universities Act of Sri Lanka and recognised by Ministry of Education to offer approved Degree programmes including the interest free loan scheme.

BMS Campus has been honoured with local and global awards and commendations for good practices from our partner universities and professional bodies. It includes BTEC Award (Bronze) International Institute of the Year 2022 which is the first award achieved by an institute in Sri Lanka competing with more than hundred BTEC centres around the world, South-Asian Business Excellence Award 2022 – The Best Institute for Academic and Industry Interface. BMS Campus and Northumbria University is the longest TNE Partnership in Sri Lanka which produced thousands of graduates, and the partnership has been recorded as a case study in the British Council Sri Lanka TNE Research Report 2024.

BMS and Northumbria University partnership has brought Business and Management Degrees from AACSB accredited institution which is generally classified within the top 5% of the Business Schools in in the world. British Council Sri Lanka Director, Mr Orlando Edwards in his message to BMS Learner Magazine 2024 said, that BMS paves the way for future generations to access high quality UK higher education in Sri Lanka. Teesside University, UK and BMS are collaborating to train and support young Sri Lankan managers with MBA in Digital Transformation and MSC Digital Marketing.

BMS Campus was the first non-state higher education institution to provide access to studies towards the Degrees in Biomedcical Science, Biotechnology, Medical Biotechnology and Food Science. It has immensely supported local biology stream students to discover their careers as scientists and biotechnologists which became emerging trend in advanced countries after the global pandemic. The Higher Diploma and the Degree in Biomedical Science and Biotechnology are accredited and approved by the professional bodies such as Royal Society of Biology and Institute of Biomedical Science, UK. The accreditation demonstrates the academic standards and recognition globally. We have been requesting for the professional scientists to be developed in Sri Lanka which can be included as a professions within the medical ordinance to create the new profession which is in demand globally.

We are proud to announce that two of our graduates joined as research assistants – one is at University of Cambridge and another at Oxford University. In the next phase of innovative degree programmes, BMS Campus will offer a Masters Degree in Cancer and Molecular Diagnostics in association with Teesside University, UK. BMS plays a ground-breaking role in the creation and dissemination of knowledge by promoting research culture and fostering an aptitude for research in their students and staff members. BMS Journal of Applied Learning is published twice a year with research work from students and staff members and the second Research Symposium is to be held next week with participation of international researchers from the partner universities.

BMS has been in the forefront of collaborations with national universities and as a part of the beyond business theme, facilitated joint research opportunities for Northumbria University, named as the Modern University of the Year 2025 and Postgraduate Institute of Management. Institute of Biochemistry, Molecular Biology & Biotechnology (IBMBB) of University of Colombo and Northumbria University are exploring joint award for Masters Degree in Medical Biotechnology. Senior Professor Pathmalal Manage, Vice Chancellor of Sri Jayewardenepura University, his message to BMS Learner Magazine 2024 said, ‘BMS Campus has now developed the model to associate with national universities and benefit from the expertise and resources to provide their students great learning experience.

This B.M.S. On the occasion of the completion of twenty-five years of the private university, a press conference was held on the premises of the university last (18) in which the president of this university, Dr. W.A. Wijewardena,B.M.S. Mr. Nisham Razak, the founder and chief executive of the university, commented on the twenty-five years of success of this university and its future plans.

Mr. Tushan Amarasuriya, Chief Executive Officer and Managing Director of Singer Finance and Mr. Dr. Manil De Mel, Dean of Business Management Department of this University, signed a Memorandum of Understanding for providing concessional loan facilities to eligible students to study in this University.

Dr. Pradeep Wijesinghe, director of the Soysa Hospital in Colombo, also commented on the specialties of this university.

Home Lands Group to present first-ever Sri Lanka Property Investment Forum in Australia

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Home Lands Group of Companies, Sri Lanka’s leader in real estate development, is set to make history by becoming the first Sri Lankan developer to conduct a Property Investment Forum in Australia to create interest in residential investment options in Sri Lanka.

The forum, to be held at Springvale City Hall in Melbourne on 25th October 2024, is an invitees-only event expected to attract over 450 high-end investors. Home Lands Group will showcase real estate investment concepts to the Sri Lankan community in Australia and Australian real estate investors without Sri Lankan origins. This investment portfolio will cater to long term and short-term investments and will provide a wide variety of options available at Home Lands Group. These include beach resort investment options that are geared to harness the increasing growth in tourist arrivals to the island, CBD real-estate investment, retirement villa options for time sharing, cost-effective and pampered lifestyle for residents, as well as luxury golf compound investment, for leisure and sport.

Sharing his thoughts about the historic event, Home Lands Group Chairman Nalin Herath stated, “We are very proud to be the first Sri Lankan real estate company to go global at this scale, showcasing Sri Lanka’s real estate investment potential to the world. I am proud to say that Home Lands Group is Sri Lanka’s first multinational real estate company. This property investment forum was carried out to meet the high demand Home Lands real estate investment portfolio has gained during the past year.”

The event will commence with cocktails and networking opportunities where entertainment will be provided by popular Sri Lankan band Marians along with comedic duo Blok and Dino, before concluding with a gala dinner. SriLankan Airlines as the ‘Airline Partner’ and ANZ Bank have come on board to support the event.

Home Lands Group expanded its real estate operations to Australia earlier this year by establishing Home Lands (Melbourne). Operating from its permanent Australian office located at 184, Whitehorse Road, Blackburn, Melbourne, Home Lands (Melbourne) is a full-service real estate company that caters to the diverse needs of customers across Australia. Specializing in both apartment and land sales, the company is committed to providing customers with an unparalleled service and convenience in fulfilling their real estate needs.

Home Lands Group of Companies is a 360-degree real estate solutions provider and the pioneer to introduce resort apartment concept to Sri Lanka. Leveraging its deep understanding of global real estate trends and the evolving needs of today’s customers, the group has unveiled several innovative apartment and housing projects in Sri Lanka. In response to the growing demand for retirement resort living, the group introduced the Greendale Retirement Resort and Residences, Sri Lanka’s first-ever international standard retirement leisure village. Additionally, Home Lands Group of Companies introduced Oceana Beach Resort Apartments and Villas, the country’s pioneering integrated beachfront luxury resort apartments and villas complex, blending hospitality and residential real estate offerings.

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