Sri Lanka’s best companies receive awards - Lanka News Web (LNW)

Sri Lanka’s best companies receive awards

ICCSL and CIMA held the first Most Admired Companies of Sri Lanka awards ceremony on 9 September at Hotel Shangri-La, Galle Face.

Prime Minister Ranil Wickramasinghe attended the awards ceremony as the chief guest. Chairman of CIMA, Mr. Steven Swientozielsky and President of International Chamber of Commerce India, Jawahar Vadivelu also attended this event.

The Chairman of International Chamber of Commerce, Paul Polman also participated in the awards ceremony and admired the progress of Sri Lanka’s business sector.

Aitken Spence PLC, Commercial Bank, DFCC Bank, Hayleys, HNB, John Keells Holdings PLC, MJF Gruop, Sampath Bank, Sunshine Holdings PLC and 99X Technology were named as most admirable companies while Access Engineering, Bank of Ceylon, Peoples Bank, Seylan Bank PLC and Softlogic Holdings PLC received honorable mentions.

International Chamber of Commerce Sri Lanka (ICCSL) Chairman, present HNB Chairman and popular economic analyst Dinesh Weerakkodi had taken the initiative to organize this ceremony.

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The above companies had been recommended for awards by a special committee based on the companies’ transparency, service, business network, credibility and profit

MP Ravi Karunanayake, Sri Lanka High Commissioner to India Austin Fernando, ICC India President Jawahar Vadivelu, ICC Sri Lanka Chairman Dinesh Weerakkodi, members of the ICC, members of CIMA and many invitees attended this ceremony.

We are of the opinion that this awards ceremony would be important to create new opportunities for more efficient and successful investments and share success.

Addressing the ceremony, the Prime Minister said: “Sri Lanka’s economic growth, during the past few years, has mainly been driven by expansion in the non-tradable sector rather than increasing exports.”

“Debt servicing means collecting higher revenues. Where do we collect the revenue from? The tax proposals that are now being implemented are not arbitrary. It certainly is a result of discussions with the IMF and the package introduced by them. But we realized there were going to be problems and we said let the first year go by and then make adjustments,” he added.

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