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Kasturi Chellaraja resigns as Hemas Holdings Group CEO

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Hemas Holdings, a leading conglomerate, today announced the resignation of Kasturi Chellaraja, the Group CEO, effective March 30, 2024.

Ms. Chellaraja, has served as the Group’s Chief Executive Officer since 2020 and played a pivotal role in Hemas’ growth and success during her tenure.

Kasturi Chellaraja’s contributions have significantly contributed to the transformation of Hemas into a purpose-led organization that has strengthened its market positions in the Consumer, Healthcare, and Mobility sectors over the last three years.

The decision to resign was driven by Kasturi’s desire to explore new opportunities for growth while continuing to contribute to Sri Lanka. Kasturi has embarked on a new chapter in her career by accepting a prestigious position with a renowned global corporation with diverse business interests. In this new role she will spearhead the global organisation’s expansion efforts throughout the Asia-Pacific region.

Kasturi will however continue to serve on the Hemas Holdings Board as a Non-Executive Director, and she expressed deep gratitude for the support of the board, colleagues, and employees during her time at Hemas.

Hemas Holdings’ Board of Directors has initiated a comprehensive search for a new CEO to lead the company into its next phase of growth. The current management team and executive leadership will ensure stability and continuity in day-to-day operations during this transition period.

Hussein Esufally, Chairman, Hemas Holdings, expressed his gratitude for Kasturi’s contributions and acknowledged and respected her decision to step down. He emphasized that the Board is committed to ensuring a smooth handover and continuing Hemas’ growth trajectory.

Hemas Holdings remains steadfast in its purpose to empower families and aspire for a better tomorrow. The company will provide updates as the CEO search progresses.

(dailymirror.lk)

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

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Three injured in Kosgama shooting, including 12-year-old girl

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Three people, including a 12-year-old girl, were injured in a shooting incident at Suduwella, Kosgama, early this morning (6), police said.

They said the victims were travelling in a three-wheeler when two individuals on a motorcycle opened fire using a pistol-type weapon.

The injured include a 30-year-old woman and her 12-year-old daughter, both residents of Avissawella, as well as a 44-year-old man.

All three have been admitted to Avissawella Hospital for treatment.

Police said the motive for the attack and the identities of the suspects have not yet been established.

Kosgama Police are conducting further investigations into the incident.

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Four Sri Lankans arrested at BIA with 378 bottles of liquor

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Four Sri Lankan passengers were arrested by Customs officers at the Bandaranaike International Airport (BIA) this morning while attempting to smuggle in a large consignment of whiskey and cardamom valued at approximately Rs. 15 million.

The suspects, residents of Colombo and Hatton had arrived in the country on IndiGo flight 6E-1183 from Bangalore, India, which landed at 1:00 a.m.

Customs officials uncovered the contraband during baggage checks, finding 378 bottles of whiskey and 132 kilograms of cardamom concealed in 20 pieces of luggage. The items were reportedly purchased from a duty-free shopping complex at a foreign airport.

The four individuals have been detained, and further investigations are being carried out by the Airport Customs Division.

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Treasury sounds alarm over vehicle import boom’s dollar drain

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The Treasury has warned the Central Bank that the enthusiasm shown in the import of vehicles after the ban was lifted could have a negative impact on foreign reserves and urged that precautionary measures be taken.

A senior Treasury official said that in the five months after the restrictions on the import of vehicles were lifted, Letters of Credit to the value of US$ 742 million have been opened, against the proposed target of allowing up to US$ 1 billion.

Accordingly, the Treasury has advised the Central Bank that as the opening of the LCs and imports has been at a rate faster than anticipated, it should closely study the trend of imports and take remedial measures in advance.

The Treasury has pointed out that the outflow of US dollars could have a serious impact on the foreign currency reserves and also on the exchange rates. As a result, there could be an impact on imports of essentials, including fuel.

The longstanding vehicle import ban was lifted in February this year, and so far more than 18,000 vehicles have been brought into the country, while import levies have earned a tax revenue of Rs 220 billion, Customs Spokesman Seevali Arukgoda told the Sunday Times.

The revenue from vehicle imports has made a significant contribution to the taxes in the form of customs levies amounting to Rs one trillion so far for the year. The Customs revenue target for this year is Rs 2.1 trillion.

(sundaytimes.lk)

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

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