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CSE announces Vindhya Jayasekera as CEO-designate

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The Colombo Stock Exchange (CSE) yesterday announced the appointment of Vindhya Jayasekera as the Chief Executive Officer (CEO)-designate, effective 1 January 202

Jayasekera will succeed the incumbent CEO Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity.

Jayasekera brings over two decades of extensive experience in capital markets, encompassing both buy-side and sell-side expertise across the investment banking and asset management industries.

Prior to her appointment at the CSE, she served as the Chief Investment Officer at NDB Wealth Management Ltd., where she led the asset management division, overseeing assets under management exceeding Rs. 380 billion. During her tenure, she managed over Rs. 100 billion in mutual fund assets across eight funds with diverse risk-return profiles, incorporating investments in Treasury bills, bonds, debentures, corporate debt, and equity instruments.

Her career in finance began at NDB Investment Bank, and from the outset, she was an integral part of the teams that contributed to the successful execution of the two largest initial public offerings (IPOs) in the history of the CSE at the time. Jayasekera was also selected as a Summer Associate at Lehman Brothers, USA, in 2007, under the prestigious ‘Fulbright–Lehman Brothers Outstanding New Leaders in Finance’ scholarship program.

In addition to her professional roles, Jayasekera serves as a visiting lecturer and resource person for many prominent academic and professional institutions, including the University of Colombo, the Financial Services Academy of the Securities and Exchange Commission of Sri Lanka (SEC), and the Centre for Banking Studies of the Central Bank of Sri Lanka. She delivers lectures on financial markets and related subject areas.

Jayasekera is a CFA Charter holder and a certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals. She is also an Associate Member of the Chartered Institute of Management Accountants (ACMA) and holds the Chartered Global Management Accountant (CGMA) designation.

She is a recipient of the prestigious Fulbright Scholarship, under which she earned her Master of Science in Finance from the University of Illinois at Urbana-Champaign, USA, graduating with a medal for academic excellence. Her academic foundation was established at the University of Moratuwa, where she graduated with First Class Honours in Bachelor of Science in Civil Engineering.

(ft.lk)

(This story, originally published by ft.lk has not been edited by SLM staff)

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1st stock of imported coconut milk to undergo clearance, lab testing today

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The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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BoC employees to strike over unpaid incentives

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Employees of all Bank of Ceylon (BoC) branches have decided to walk out of service at 12.30 pm today (May 29).

The decision has been taken over the current management not taking the initiative to provide them with the 06-month incentive package approved by the Board of Directors, according to the Bank Employees’ Union.

Central Committee member of the Bank Employees’ Union – Najith Wijeratne, stated that they will initiate a token strike if this issue is not resolved by June 06.

BoC employees have also held lunchtime protests yesterday (May 28) in front of 22 branches in major cities islandwide.

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Imported salt released to market

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The National Salt Ltd. says that 2,800 MT of salt imported from India have been released to the market.

It says the food-grade salt stock, which arrived on May 23, is being distributed to the market through local salt sales agents for consumer sale.

The Ministry of Industry and Entrepreneurship Development states that Lanka Salt Ltd. is importing 10,000 MT of salt, while over 100 importers, including those from Pettah, are bringing in an additional 100,000 MT.

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