📈 CBSL Urges Strict Power Sector Reforms to Ensure Economic Stability
The Central Bank of Sri Lanka (CBSL) has underscored the critical need for cost-reflective pricing and institutional restructuring of the Ceylon Electricity Board (CEB) to safeguard macroeconomic stability and reduce fiscal risks. • Financial Performance & Pricing: The CEB recorded a profit of Rs. 148.6 Bn in 2024. However, consecutive tariff cuts (21.9% in March '24, 22.5% in July '24, and 20% in Jan '25) led to losses in H1 2025. A 15% upward revision in June 2025 was required to restore monthly profitability. • Generation Mix (2024 Data): • Coal: 32.6% • Hydropower: 32.3% • Non-Conventional Renewable Energy: 21.2% • Fuel-based (Thermal): 13.9% • Strategic Reforms: • Unbundling: Under the Electricity (Amendment) Act of 2025, the CEB will be split into four state entities: generation, transmission, distribution, and system operations. • Efficiency: Transitioning to a forward-looking tariff framework is vital to reduce business uncertainty and enhance the competitiveness of the industrial sector. • Renewables: High tariffs and subsidy removals have successfully accelerated renewable energy adoption and self-generation by households and the private sector. • Key Risks: Heavy reliance on weather-dependent hydropower and expensive thermal power remains a vulnerability. CBSL advocates for grid modernization and direct income transfers to vulnerable groups instead of broad energy subsidies.
📈 Sri Lanka to Lease Idle State Plantation Lands for Investment
The Cabinet has approved a proposal to lease underutilised state-owned plantation lands to private investors. This "Stage II" initiative follows a June 2025 decision (Stage I) and aims to enhance productivity, unlock economic value from idle assets, and boost national employment. • Overall Strategy: The move targets improved asset utilization through a transparent, competitive procurement process. It aims to strengthen the financial sustainability of State-Owned Enterprises (SOEs) by reducing the volume of uncultivated land. • Key Entities Involved: • Sri Lanka State Plantation Corporation • Janatha State Development Board • Elkaduwa Plantation Company • Specific Land Highlights: • Tea Sector: Leasing of the 40.48-hectare Mawarala Watte land and tea factory in the Matara District, owned by the Tea Shakthi Fund. • Cashew Sector: Allocation of 1,541 hectares of underutilised land at the Kondachchi Estate, currently under the Sri Lanka Cashew Corporation. • Context & Implementation: The government observed that significant land parcels remained idle after the initial disposal phase. By extending the programme to Stage II, the state seeks to attract investment into agriculture, livestock, and potentially value-added manufacturing to modernize the plantation sector.
## 🏗️ SL Construction Industry Faces Severe Labour Shortage
Sri Lanka's construction sector is struggling with a workforce deficit of 20,000 vacancies, prompting urgent government and industry interventions. • Labour Gap & Foreign Recruitment: Major firms have requested government approval to recruit at least 7,500 foreign workers to bridge the gap. Workers from India, Nepal, and Bangladesh are already active in the sector. • Brain Drain: The shortage is exacerbated by the migration of approximately 1,400 engineers for overseas employment, creating a significant mismatch between skilled and unskilled local labour. • Local Upskilling: To reduce reliance on imported labour, the Ministry and CIDA aim to train 10,000 local workers. The goal is to provide NVQ-standard training with targeted monthly earnings of approximately Rs. 100,000 to ensure job security and professionalism. • Material Costs & Alternatives: River Sand costs have surged to ~Rs. 33,000 per cube. The government is pushing for the use of 'fine aggregate' (quarry/stone dust) as a cost-effective, SLS-certified alternative. Plans are underway to establish dedicated brick manufacturing zones to stabilize supply chains. The government maintains a multi-pronged approach, balancing foreign recruitment with local capacity building to support the national infrastructure drive. 📈 ---
📈 Sri Lanka Explores Swedish Model to Tackle Tobacco Crisis
Regional health experts at the "Quit Like Sweden" roundtable in Colombo have urged Sri Lanka to adopt Tobacco Harm Reduction (THR) strategies to combat the country’s significant smoking burden. Sweden, with a smoking rate of just 5.4%, serves as the global benchmark for smoke-free status. • Economic & Health Impact: Tobacco use costs Sri Lanka approximately £ 400 million (approx. US$ 508 Mn) in annual healthcare expenses. The country records 12,000 tobacco-related deaths and 3,000 oral cancer cases annually. Current prevalence: 22% of adults use tobacco, with 17.7% of men identified as smokers. • The Strategy: The "Swedish Model" shifts focus from total prohibition to risk-proportionate regulation, making safer alternatives—such as nicotine pouches, vaping products, and heated tobacco—accessible and affordable for current smokers. • Key Recommendations for Sri Lanka: Policy Reform: Establish a multi-stakeholder working group to integrate THR into national health policy. Regulatory Shift: Implement taxation based on the relative harm of products. Public Health Gains: Adopting WHO-aligned harm reduction could save an estimated 85,000 lives by 2060. Social Priority: Redirecting funds from treating smoking-related diseases toward essential social sectors to boost national development.
## 📈 Harvard Masterclass Returns to Boost SL Executive Leadership
The Chamber of Lankan Entrepreneurs (COYLE) has announced the return of Harvard Business School Professor Boris Groysberg for an exclusive three-day executive program this February, aimed at stabilizing and transforming the private sector leadership landscape. • Target Audience: Exclusively for CEOs, Board Directors, and Senior Management to navigate the current period of "profound transition" in the Sri Lankan economy. • Core Focus Areas: The curriculum centers on Team Cohesion, Strategic Foresight, and People Management to build resilience against market volatility. • Human Capital Strategy: A primary objective is providing tactical blueprints to mitigate "brain drain" and retain high-performing talent within the ICT/BPM, manufacturing, and services sectors during economic fluctuations. • Methodology: Utilizes the signature Harvard Case Study Method to move beyond theory into actionable, real-world crisis analysis and business model reinvention. • Track Record: Follows a successful 2024 session attended by 300+ C-suite leaders; participation is strictly limited to ensure high-level interaction. _This program serves as a critical intervention for future-proofing local organizations and mastering talent performance in a globalized economy._
Sri Lanka Tea Production Edges Up 0.54% in 2025 📈
Sri Lanka’s tea industry recorded marginal growth in 2025, with total production reaching 264.1 MnKg, a slight 0.54% increase YoY. The sector continues to face structural pressures, including high input costs and climate disruptions. • Production Breakdown • High Grown: 56.4 MnKg (up 1.3% YoY) • Mid Grown: 48.0 MnKg (up 1.5% YoY) • Low Grown: 159.6 MnKg (Stagnant at 2024 levels) • Key Challenges • Smallholder productivity remained constrained due to reduced fertiliser application. • Prolonged adverse weather culminated in Cyclone Ditwah in late 2025, disrupting harvesting and field operations. • National output remains significantly below the historical potential of 280-300 MnKg. • Sector Outlook While High and Mid Grown sectors drove the nominal recovery, the stagnation of Low Grown tea—the largest elevation category—highlights the need for urgent policy support and climate resilience measures to sustain global competitiveness.
15th SLASSCOM People Summit: Aligning ICT/BPM Talent with Tech 📈
The Sri Lanka Association for Software and Digital Service Companies (SLASSCOM) will host its 15th People Summit on 30 January 2026 at Cinnamon Life, Colombo. The event focuses on the intersection of human potential and technological advancement within the national ICT/BPM sector. • Event Theme: 'Human + Tech: The New Equation' – highlighting the synergy between AI/digital tools and human-centered leadership. • Core Objectives: Scaling human capability through large-scale reskilling and ethical technology adoption. Developing resilient, inclusive workplaces to maintain global competitiveness in digital services. Managing multigenerational teams (Gen Z) and evolving compensation trends. • Strategic Impact: Positions HR leaders as critical stewards in the ICT/BPM industry, ensuring digital transformation drives performance without replacing human empathy. • Key Focus Areas: Wellbeing, hybrid work models, and transformational leadership to navigate global industry disruptions. This summit serves as a vital platform for decision-makers to re-energize the workforce, a cornerstone of Sri Lanka’s export economy and employment growth.
## People’s Bank Bolsters MSME Sector with Concessionary Financing 📈
People’s Bank has reaffirmed its commitment to the Micro, Small, and Medium Enterprise (MSME) sector, positioning it as the backbone of Sri Lanka’s economic recovery and regional development. • Strategic Focus: The bank is targeting the full business life cycle—from startups to established firms—leveraging its island-wide network to reach rural and underserved communities. • Loan Portfolios & Rates: • Interest Rates: Ranging from 7.0% to 12.0% p.a. for bank-funded schemes. • Key Products: Includes the SME Development (SMED) Scheme, Business Power, Solar & Green Power loans, and the People’s SPARK program. • Facilities: Tailored support for working capital, machinery/expansion, and trade finance (import/export). • Sector Coverage: Priority is given to high-impact industries including agriculture, manufacturing, tourism, construction, logistics, and services. • Government Alignment: In addition to its own funds, the bank facilitates Government-backed concessionary schemes featuring lower-than-market interest rates and extended tenures based on project viability. • Access: Entrepreneurs can access these facilities through any local branch, where specialized credit officers provide advisory support and eligibility assessments.
Hambantota Port Records Landmark 175% Cargo Growth in 2025 📈
Hambantota International Port (HIP) concluded 2025 with a massive surge in volumes, handling 8.24 million metric tons of cargo compared to 3.0 million in 2024. This performance marks HIP’s rapid emergence as a critical maritime and logistics hub despite global supply chain disruptions. • Overall Cargo Performance Total cargo volumes grew 175% YoY, driven by aggressive diversification and infrastructure upgrades. • Container Traffic (Major Highlight) The container segment saw the most explosive growth, with volumes surging over 700% from 53,170 TEUs in 2024 to 428,036 TEUs in 2025. Containerised tonnage rose from 0.66 million to 5.43 million metric tons. • Sector Breakdowns • RORO: Handled 726,153 units (+25% tonnage growth to 0.97 million MT), supported by steady automotive demand and project cargo. • Bulk & Break Bulk: Increased 32% to 1.18 million MT, bolstering support for local industrial activity. • Energy: Oil and gas volumes remained stable at 661,131 MT. • Strategic Outlook for 2026 HIP is on track to complete Phase II by late 2026, aiming to boost annual container capacity to 2 million TEUs. This expansion includes adding 6 quay cranes and 16 rubber-tyred gantry cranes to cement its role as a significant regional gateway.
📈 Global Air Cargo Momentum Surges in Nov 2025
Global air cargo demand grew by 5.5% YoY in November 2025, maintaining strong year-end momentum driven by holiday season logistics and strategic trade re-routing. • Global Performance Indicators • Total Demand (CTK): +5.5% (+6.9% for international operations). • Total Capacity (ACTK): +4.7% (+6.5% for international operations). • Load Factor: Remained stable at 49.1%. • Regional Breakdown (YoY Demand) • Asia-Pacific: +10.3% (Capacity: +8.4%) – Driven by robust intra-Asia and Asia-Europe trade lanes. • Middle East: +7.4% (Capacity: +11.0%) – Key hub for transshipment and rerouted trade. • Africa: +15.6% – The world's fastest-growing region in November. • Europe: +5.8% (Capacity: +4.1%). • Americas: Weakest performance, with North America down -1.6% and Latin America down -4.8%, influenced by new US tariff adjustments. • Key Economic Drivers • Operating Costs: Jet fuel prices rose 5.9% in Nov despite lower crude prices. • Manufacturing: Global PMI rose to 51.17, but export orders (49.87) remain cautious due to tariff uncertainty. • Strategic Impact: Air cargo continues to be the preferred mode for high-value goods like ICT/BPM hardware and apparel samples needing to bypass sea-freight delays and tariff deadlines. Based on provisional IATA data for Nov 2025.
📈 Solar Power: The Future of Sri Lanka’s Energy Landscape
Sri Lanka is pivoting toward solar energy to meet a projected 40% increase in electricity demand by 2030, reducing its heavy 44.8% reliance on costly fossil fuels. • Market Growth & Capacity • Rooftop solar capacity surged by 82% from 930 MW (2024) to 1,700 MW (mid-2025). • The rooftop solar asset value is currently estimated at Rs. 100–120 Bn, expected to exceed Rs. 200 Bn by 2030. • Current solar contribution to the national grid stands at 13.7%. • Sector Breakdown • Residential segment: Dominates the market with 50% of total installations, driven by citizens seeking secondary income. • Industrial & Commercial: The commercial sector remains the smallest at approximately 14%. • Market Penetration: Only 1% of the country’s 7 million buildings currently utilize solar, indicating massive untapped potential. • Industry Structure • The market is highly competitive with ~350 registered suppliers. • 15% market share is held by a single large player; 70% is fragmented among 100+ small-scale providers. • Economic Impact • The transition promises energy independence, employment generation in technical maintenance/installation, and significant forex savings by offsetting fuel imports. • Challenges include high initial capital costs, grid integration hurdles, and policy inconsistency.
📈 Flood Recovery & Sri Lanka’s Strategic Health Agenda
Sri Lanka is reframing its health strategy following recent floods, shifting focus from emergency response to addressing long-term systemic challenges and individual responsibility. • The NCD Burden: Non-communicable diseases (NCDs) like diabetes and cardiovascular disease now account for approximately 83% of all annual deaths, driven largely by lifestyle factors and an ageing population. • Key Policy Themes: • Climate Resilience: Integrating health systems to withstand recurring shocks like floods and heatwaves. • Chronic Care: Leveraging modern pharmaceuticals to manage hypertension and heart disease, essential for maintaining workforce productivity. • Mental Health: Prioritizing well-being as a core component of economic productivity and social cohesion. • Economic Context: While life expectancy remains higher than regional peers, the transition to a chronic care model requires significant private sector innovation and public trust in medical science and pharmaceuticals. • Individual Responsibility: Data from the National STEPS Survey indicates that national health outcomes are heavily dependent on modifiable behaviors, emphasizing that health cannot be "outsourced" to the state alone.
📈 Sri Lanka’s $5 Bn Tourism Goal: Structural Reform vs. Record Volume
Sri Lanka concluded 2025 with a historic 2.36 million arrivals and approximately US$ 3.2-3.5 Bn in revenue. However, experts warn that reaching the 2026 target of 3 million visitors and US$ 5 Bn in revenue requires a shift from "counting heads" to "measuring value." • Revenue & Yield Challenges To hit the US$ 5 Bn mark, average revenue per tourist must rise by 15% (from ~$1,460 to ~$1,670). Daily spend needs to jump from US$ 170 to nearly US$ 200, trailing regional peers like Thailand (>US$ 220). • Infrastructure Bottlenecks Aviation: BIA processed 11 million passengers in 2024, nearly double its 6 million design capacity. Terminal 2 is not expected until 2029. Guide Shortage: A 25% shortfall exists in licensed guides, with only 4,800 available against a requirement of 6,400. Capacity: Peak season sell-outs in coastal and hill-country areas indicate the system is operating at its limit. • Governance & Policy Friction Visa Policy: Frequent "flip-flops" and a lack of 60-day ETA visas for low-risk markets (UK, USA, EU) act as a deterrent. Levy Transparency: The Tourism Development Levy lacks public reporting on how funds are utilized for international marketing. Marketing: The absence of a stable, long-term global brand and "destination marketing vacuum" remains a core weakness. • Strategic Recommendations Diversify into experiential products (e.g., Pekoe Trail, Buddhist circuits). Activate Mattala Airport (MRIA) for charters to ease BIA congestion. Implement "carrying capacity" caps at hotspots like Yala and Sigiriya to preserve asset quality.
Synogen Commissions 6.4 MWp Rooftop Solar Project for BPTL 📈
Clean energy firm Synogen has commissioned one of Sri Lanka’s largest rooftop solar PV projects at the Best Pacific Textiles Lanka (BPTL) facility in Pannala. The 6.4 MWp installation marks a significant milestone in industrial decarbonization. • Project Scale & Impact: The system provides a substantial portion of BPTL’s daytime electricity, reducing grid reliance and lowering carbon emissions for the apparel & textiles sector. • Technical Precision: The project was designed to international engineering standards, ensuring long-term reliability and operational resilience within a complex industrial environment. • Intelligent Energy Systems: Beyond generation, the project utilizes Synogen’s proprietary monitoring platform. This in-house tech provides real-time analytics and predictive insights, outperforming conventional SCADA systems to maximize energy yield. • Strategic Partnership: Synogen, a joint venture between Sino Lanka Group and Atman, focuses on the "Next Phase" of the energy transition, integrating power, storage, and mobility solutions. This installation serves as a reference point for Sri Lanka’s manufacturing sector, proving that large-scale renewable energy can be integrated into core operations to balance cost efficiency and sustainability. _Source: Based on data published January 08, 2026._
## Gem Sri Lanka 2026 Opens to Bolster Global Trade Hub Ambitions 📈
The third edition of the international gem and jewellery trade fair, Gem Sri Lanka 2026, commenced in Colombo, aimed at positioning the nation as a premier global hub for high-value exports. Organized by the CGJTA, the event features over 100 stalls under the theme ‘The Source. The Production. The Selection.’ • Strategic Objectives: The exhibition focuses on enhancing Sri Lanka’s role in the global supply chain by facilitating direct trade between local suppliers and international buyers. It highlights the country's dominance in sapphires, rubies, and colored gemstones. • Sector Highlights: Value-Added Exports: Emphasis on cutting, polishing, and bespoke jewellery design to maximize foreign exchange earnings. Policy Impact: Recent regulatory reforms on gemstone importation were described as a "gamechanger," expected to significantly increase trade volumes and regional competitiveness. Sustainability: National focus on transitioning toward ethical, responsible, and environmentally sustainable sourcing to meet global market standards. • Industry Significance: As one of the oldest export sectors, the gem and jewellery industry remains a critical pillar for employment and national branding. The event is now recognized as the largest presentation of fine-colored gemstones in South Asia. • Future Outlook: The transition of the event to Colombo reflects growing industrial ambitions. With government backing and a focus on youth-led innovation, the sector aims for expanded diversification into global branding and luxury tourism. Source: Based on reports from Gem Sri Lanka 2026 opening (January 8, 2026). ---
📈 Australian Open Announces Record US$ 111.5 Mn Prize Pool
Total prize money for the upcoming Australian Open has reached a record US$ 111.5 million, reflecting a 16% YoY increase. While the fund is the largest in the tournament's history, it remains a point of contention regarding the revenue-to-prize money ratio. • Winner Payouts: Singles champions will receive $ 4.15 million, a 19% increase from 2025. • Base Increases: All singles and doubles competitors are guaranteed a minimum 10% raise. • Revenue Share: The prize pool accounts for approximately 16% of Tennis Australia’s estimated $ 697.2 million revenue. This aligns with the US Open (16%) but sits above Wimbledon (13%). • Player Demands: Top players are pushing for a 22% revenue share, alongside better contributions to healthcare, pensions, and maternity funds. The increase positions the tournament's purse above 2025 levels for Wimbledon (£ 53.5 Mn) and the French Open (£ 47.5 Mn), though it still trails the US Open (£ 67.4 Mn).
Govt. to Launch US$ 10 Mn WFP-KOICA Project for Thriposha Supply Chain 📈
The Cabinet of Ministers has approved a US$ 10 million initiative to strengthen the Thriposha production line and enhance the national maize supply chain. Funded entirely by a grant from the Korea International Cooperation Agency (KOICA), the project will be led by the World Food Programme (WFP). • Project Scope & Timeline: Titled “Let’s Sow, Let’s Grow,” the initiative will run for five years from 2025 to 2029. It focuses on upgrading maize quality and reinforcing the food system from farm to factory. • Impact on Agriculture: The project targets approximately 7,500 small and medium-scale maize farmers across the Anuradhapura, Moneragala, and Badulla districts. • Strategic Goals: • Improve farmer productivity and livelihoods in key agricultural regions. • Ensure a stable, high-quality supply of raw materials for Thriposha manufacturing. • Bolster national nutrition security for vulnerable groups through food system resilience. • Funding: Fully funded via a US$ 10 million grant from South Korea (KOICA), requiring no domestic debt component.
## 📈 BASL Adopts LankaSign Digital Signatures to Modernize Legal Sector
The Bar Association of Sri Lanka (BASL) has officially partnered with LankaPay to integrate LankaSign Digital Signatures, marking a major step in the digital transformation of the country's legal profession. • The Initiative: BASL office bearers were issued secure digital signature tokens on January 5, 2026. This move aims to eliminate reliance on physical paperwork and transition toward a fully paperless judicial ecosystem. • Key Benefits: Efficiency: Enables 26,000+ legal professionals to sign electronic documents "anytime, anywhere." Security: Provides high-level authentication, non-repudiation, and data integrity—critical for sensitive legal proceedings. Archiving: Facilitates secure electronic sharing and retrieval of documents, streamlining the ICT infrastructure of the legal system. • National Context: The project is supported by the Central Bank of Sri Lanka and the National Certification Authority (NCA). This initial phase for office bearers precedes a broader rollout to the entire BASL membership. • Economic Impact: By modernizing the professional services sector, this shift reduces administrative costs and supports Sri Lanka’s broader goal of a digitally-enabled economy.
### 📈 FACETS 2026 Concludes with Strong Global Confidence
The 33rd edition of FACETS Sri Lanka 2026, the nation’s flagship international gem and jewellery exhibition, concluded at Cinnamon Life – City of Dreams, signaling a robust recovery and expansion for the sector. • Attendance & Engagement The event drew over 4,500 registered visitors, including 450 foreign buyers, reaffirming Sri Lanka’s status as a premier global sourcing hub. The exhibition featured over 100 boothholders across two specialized floors. • Key Sector Highlights • Sapphires & Coloured Gemstones: Showcased a world-renowned collection, including royal blue, teal, and the rare Padparadscha sapphires. • SME Participation: Dedicated pavilions by the EDB and NGJA highlighted emerging lapidary talent and small-scale jewellery designers. • Trust & Certification: The debut of the Gübelin Gem Lab as the official partner bolstered international buyer confidence through on-site world-class certification. • Strategic Impact The industry is currently targeting export earnings of over US$ 400 Mn for the year, with long-term goals of reaching US$ 1 Bn. Leaders emphasized the need for regulatory reforms and digital traceability to further integrate the gem sector with tourism. • Future Outlook Following the successful 2026 edition, organizers have officially announced that FACETS 2027 will take place from January 5–7, 2027, aiming to build on this year's momentum in the global trade calendar.
## 📈 Tensions Escalate: Traditional Tuk-Tuks vs. Ride-Hailing Apps
The ongoing tourist season has intensified the conflict between conventional three-wheel drivers and ride-hailing platforms like Uber and PickMe, highlighting a significant shift in Sri Lanka's transportation and tourism landscape. • Core Conflict: Widespread smartphone adoption has surged demand for app-based hires, severely impacting the livelihoods of traditional drivers. Tensions have escalated to public confrontations and harassment of app-based riders. • Competitive Advantages: Ride-hailing services offer transparent, predictable pricing, GPS tracking, and safety features. In hotspots like Sigiriya, app-based fares (Rs. 270) are significantly lower than conventional rates (Rs. 800)—a ~66% price difference. • Sector Impact: • Tourism: Global advisories now recommend apps over traditional taxis to avoid exploitation. • Employment: The rise of two-wheel (motorbike) rides has provided new income streams but further diluted the earnings of the three-wheel sector. • Governance: While traditional drivers represent a key political vote base, any restriction on apps faces massive public backlash due to their safety and cost-efficiency. • Outlook: The situation requires decisive police intervention to prevent intimidation. The shift reflects a broader economic transition toward digital accountability and consumer-centric models in the service economy.
🏉 Sri Lanka Inter-Club Rugby League: Decisive Weekend Amid Refereeing Concerns 🏉
The Inter-Club Rugby League heats up this weekend with four crucial matches, even as refereeing standards remain a major talking point. • Match Schedule & Predictions: • Dec 27, Longdon Place: Kandy SC vs Sri Lions. Champions Kandy, despite last week's controversial draw, are expected to secure a bonus-point win against Sri Lions. Referee: Nalin Lasantha. • Dec 27, Havelock Park: Havelock SC vs Army SC. Unbeaten Havies look set to continue their strong run against a determined Army. Referee: Kelum Sandaruwan. • Dec 28, Police Park: Police SC vs CR & FC. CR & FC are strong favourites for a bonus-point victory against Police SC, who've struggled against top teams. Referee: Raveen Alexander. • Dec 28, Welisara: Navy SC vs CH & FC. High-riding CH & FC, confident after recent results, are likely to extend Navy SC's search for their first win. Referee: Jeewaka Fonseka. • Refereeing Controversy: The Kandy SC-CH & FC match last week sparked significant debate over poor officiating decisions, including a disallowed try for Kandy after TMO review. Kandy SC has formally requested Sri Lanka Rugby to exclude referee Gihan Yatawara from officiating their future matches. • All matches kick off at 3 p.m. The league is gathering pace, but improvement in refereeing standards is crucial to avoid controversy overshadowing the competition.
Fitch: APAC Corporate Outlook 2026 Broadly Resilient 📈
Fitch Ratings assigns a 'neutral' sector outlook for Asia Pacific (APAC) corporates in 2026, anticipating a mild improvement in credit metrics. Key credit drivers are expected to remain stable across most sectors and markets. • Key Positives: Easing input costs are projected to slightly lift aggregate EBITDA margins to over 15% (from ~14.5% in 2025), with marginal improvement in free cash flow despite uneven economic growth. • Major Risks: Geopolitics, potential tariff developments, and supply-chain fragility pose notable risks. Escalating US-China tensions, export controls, and policy shifts could raise costs and fragment ecosystems. China's excess capacity in certain products may intensify competition. • Sector Outlooks: • Deteriorating: • Technology: Due to exposure to global consumer weakness in electronics, though AI-linked products will benefit. • Automotive, Chemicals, Shipping: Exposed to unfavourable trade policies and structural headwinds leading to earnings pressure. • Under Pressure: • Construction (China): Persistent weakness in China's property market and softer infrastructure investment will weigh on activity and credit metrics in related sectors. Companies are expected to continue diversifying and localising production to mitigate disruption risks.
Cyclone Ditwah Relief: Rs. 106.2 Mn for Affected Industries 📈
• The Government has initiated the first phase of relief for industries impacted by Cyclone Ditwah, releasing Rs. 106.2 million. • This phase provides a one-time financial grant of Rs. 200,000 to each industrial unit. • A total of 531 registered industrialists across 12 districts will benefit from this initial disbursement. • Funds have been dispatched to District Secretariats in Gampaha, Colombo, Mannar, Batticaloa, Ampara, Trincomalee, Kegalle, Monaragala, Badulla, Polonnaruwa, Ratnapura, and Anuradhapura. • The Ministry of Industry and Entrepreneurship Development identified nearly 10,000 industrialists affected nationwide and is working on long-term mechanisms for industrial resilience.
❄️ Saudi Arabia Sees Historic Snowfall After 30 Years! 🐫⛷️
• Rare snowfall has blanketed several Saudi Arabian regions, including Tabuk and Hail, for the first time in 30 years, creating a winter wonderland. • Temperatures plunged to around -4°C in areas like Jabal Al Lawz and the Trojena highlands near Tabuk, allowing snow to settle at altitudes near 2,600 metres. • Residents expressed excitement, sharing viral videos of camels in snow and people enjoying skiing, celebrating the unusual weather. • The cold wave also brought widespread rainfall across various regions.
🚨 SriLankan Airlines Launches Post-Cyclone Recovery Campaign 🇱🇰✈️
SriLankan Airlines has initiated a one-month international promotion campaign, launched on Dec 16, 2025, to restore global confidence in Sri Lanka after Cyclone Ditwah and reaffirm its readiness for tourists. • Objective: Reassure travellers that Sri Lanka is safe, operational, and welcoming, especially entering the peak travel period. • Platforms: Running across Meta and Google, promoting Colombo as the gateway. • Target Markets: Key source markets in Europe (London, Paris, Frankfurt), Australia, and Pan-India. • Reach: Expected to engage over 4 million potential travellers. • Key Focus: Minimise cancellations, sustain forward bookings, and stimulate inbound demand by delivering real-time reassurance. • Special Feature: A short video showcasing 'Christmas in Colombo' has been produced to highlight the city's vibrancy and safety. • Impact: Aims to support the country's tourism recovery, contribute to foreign exchange inflows, and reinforce long-term confidence in the destination.
✈️ SriLankan Airlines Launches Global Post-Cyclone Recovery Campaign
SriLankan Airlines has initiated a one-month international destination promotion campaign starting December 16, 2025, to restore global confidence in Sri Lanka following Cyclone Ditwah. • Objective: Reassure international travellers that Sri Lanka is safe, operational, and welcoming, especially entering the peak travel period. The campaign aims to minimise cancellations, sustain forward bookings, and stimulate inbound tourism demand. • Reach: Leveraging Meta and Google platforms, the digital-led initiative targets over four million potential travellers. • Key Markets: Focus on major source markets including Europe (London, Paris, Frankfurt), Australia, and Pan-India, promoting Colombo as the gateway. • Airline's Role: As the national carrier, SriLankan Airlines is taking a proactive leadership role, using its continued flight operations and stable schedules to demonstrate destination readiness. • Special Feature: A short video showcasing 'Christmas in Colombo' has been produced to highlight the city's vibrant and welcoming atmosphere, further reassuring visitors. The campaign reinforces long-term confidence in Sri Lanka as a tourism destination, aiming to support sector recovery and contribute to foreign exchange inflows.
🚢 Sri Lanka Risks Being Left Behind in Global Paperless Shipping
Sri Lanka, an island economy reliant on maritime trade, faces significant challenges in adopting Electronic Bills of Lading (eBLs), risking higher import/export costs, delays, and reduced competitiveness. • Global Shift: International shipping is rapidly moving towards digital trade documentation, with major industry players aiming for full eBL standardisation by 2030. Countries like Singapore, UK, and UAE are modernising laws to recognise eBLs. • Sri Lanka's Situation: Despite early exposure and technical viability, eBL adoption in Sri Lanka remains limited, fragmented, and driven by external actors. • Current Benefits (limited use): Freight forwarders using eBLs report significant time savings (days to minutes), direct cost reductions (e.g., courier fees of US$ 25-80 per shipment), lower risk of lost documents, and improved traceability. • Key Barriers: Banking Integration: No Sri Lankan bank accepts eBLs for Letters of Credit (LCs), excluding a large share of higher-value shipments. Customs Procedures: eBLs are not legally recognised for clearance, often requiring parallel paper submissions. Network Effects: Limited participation (only 2 shipping lines, ~10 local freight forwarders) hinders mass adoption. Cost: Platform fees (US$ 15 per BL) and remittance charges can make eBLs more expensive than paper for smaller firms. • Way Forward: Coordinated action is crucial, including digitising simpler documents, integrating banks into eBL platforms, evolving Customs procedures, and addressing costs for SMEs. eBLs offer real benefits for Sri Lanka but require an ecosystem-wide transformation, treating it as a national trade facilitation priority alongside initiatives like the National Single Window.
🚢 Seaspan & Ceyline Shipping: 20 Years of Elevating Sri Lanka's Maritime Talent
Seaspan Corporation and Ceyline Shipping celebrate two decades of a transformative partnership that has significantly boosted Sri Lanka's maritime industry on the global stage. • Partnership Established: December 2005. • Current Impact: Over 630 Sri Lankan seafarers serve on Seaspan's 241+ vessel fleet, with a total local talent pool exceeding 1,100 professionals. • Key Achievements: • Industry-leading 95% retention rate for Sri Lankan seafarers. • Managed 31 vessels fully manned by Sri Lankan ratings between 2023-2024, including seven advanced dual-fuel IGF vessels. • The unique Seaspan Training Room in Sri Lanka serves as a regional centre of excellence, training both local and foreign seafarers. • Global Recognition: The collaboration has strengthened Sri Lanka's reputation as a trusted source of highly skilled maritime professionals, creating sustainable career pathways.
📈 Global Shipping Outlook Deteriorates for 2026 - Fitch Ratings
Fitch Ratings maintains a deteriorating outlook for the global shipping sector in 2026, citing significant geopolitical and policy risks. • Key Drivers: • Expected lower GDP growth across most major economies in 2026 compared to 2025. • Potential for financial market corrections. • Moderated expectations for volume growth, especially in container shipping, due to tariff disputes. • Uncertainty around Red Sea transits resuming, which could reduce tonne-mile demand. • Segment Performance: • Container shipping: Expected to weaken in 2026 due to lower freight rates and weakened supply-demand balance, leading to reduced profits. • Tanker shipping: Anticipated to continue performing well, particularly crude tankers, driven by growth in end demand and tonne-miles. • Bulk tanker segment: Likely to show weak but stable fundamentals YoY. • LNG shipping & Car carriers: Performance expected to remain broadly stable. • Capacity & Costs: • Moderate increase in shipping order books and capacity, while vessel scrappage remains low. • IMO’s Net Zero framework (if approved) is likely to increase cost pressures on shipping companies over the medium term.
🏌️♂️ IPGL Tees Off in Sri Lanka: A Boost for Local Golf! 🇱🇰
The Indian Premier Golf League (IPGL) is set to host its first-ever overseas tournament at the prestigious Royal Colombo Golf Club (RCGC) from December 23-25. This marks a significant milestone for both the League and Sri Lanka's golfing landscape. • Landmark Event: The tournament signifies growing international confidence in Sri Lanka as a destination for golf tourism. • Innovative Format: The IPGL operates on a guaranteed-money model, similar to LIV Golf, ensuring financial stability for professionals and elevating competition standards. • Local Talent Shines: Lalith Kumara qualified through local trials. Kaya Daluwatte (2025 RCGC Ladies' Champion) and Kumar Danushan (2025 RCGC Men's Champion) received automatic qualification. Junior and amateur players Adam Fernando, Reshan Algama, Sachin De Silva, Kaiyan Johnpillai, and Jevahn Sathasivam also earned their spots, gaining invaluable exposure against international competition. This event offers a fantastic opportunity for Sri Lankan golfers to compete at a high level and showcase the nation's potential in international golf.
📢 Flood Devastation Hits Sri Lankan Agriculture 🇱🇰
New data from the Department of Agriculture, supported by FAO, reveals significant flood impacts on Sri Lanka's agricultural sector as of December 17, 2025. • Widespread Damage: Floods have severely affected paddy, vegetables, and other field crops across the island, with major agricultural districts bearing the brunt of the damage. • Threat to Livelihoods: This widespread destruction poses a critical threat to farmer livelihoods, national food production, and household food security, especially for smallholder farmers. • Response Efforts: FAO is collaborating closely with national authorities and partners to assess the full extent of damages, identify urgent needs, and facilitate timely recovery and rehabilitation efforts. Data based on satellite imagery and Department of Agriculture reports.
🧘♀️ Sri Lanka Hosts 2nd Global Meditation Conference for Harmony!
• Sri Lanka commemorates World Meditation Day (Dec 21) by hosting the 2nd World Meditation Day Global Conference at the University of Colombo Faculty of Medicine. • Theme: "Meditation as a Path to Global Harmony," highlighting its importance amid increasing global climatic disasters and conflicts. • Organised by the Centre for Meditation Research (CMR), Faculty of Medicine, University of Colombo, in collaboration with UNESCO and the Rekhi Foundation for Happiness, USA. • Features prominent local speakers including Prof. Dilshani Dissanayake (CMR Director) and international keynote addresses from Dr. Matthew D. Sacchet (Harvard Medical School, USA) on "Advanced Meditation" and Prof. Saamdu Chetri (India/Bhutan) on "Meditation for Global Harmony." • The conference program includes guided meditation, thematic symposia ("Meditation for Environmental Harmony" and "Inner Peace for Global Harmony"), panel discussions, and focuses on evidence-based approaches to fostering global peace and mental well-being. • World Meditation Day was officially declared by the UN General Assembly on December 6, 2024, with Sri Lanka among the sponsoring nations. • The event is also accessible online, promoting inner peace and well-being, especially relevant given recent climatic challenges in Sri Lanka.
🇰🇷🤝🇱🇰 Sri Lanka Gains Traction with South Korean Tourists! 📈
Sri Lanka is reinforcing its position as a top tourism destination for South Korean travelers, particularly for Buddhist pilgrimage. Two VVIP Buddhist delegations from South Korea visited in December 2025, strengthening cultural and religious ties. • The first delegation, comprising 120 chief Buddhist monks and devotees, arrived on Dec 1st, 2025, on a pilgrimage tour to highlight Sri Lanka's significance as a major Buddhist attraction globally. • A second delegation of 150 visitors, including priests and devotees led by Ven. Hyeil, Chief priest of Haeinsa Temple, arrived on Dec 10th, 2025. Both groups received warm welcomes at BIA. • These visits underscore Sri Lanka's vibrant culture and over 2500-year-old Buddhist heritage. • The South Korean market is identified as a crucial and emerging source market for Sri Lanka Tourism, demonstrating its potential to attract a large number of visitors and promote pilgrimage tourism.
🌴 Sri Lanka Tourism Boosted in Dubai! 🇱🇰🇦🇪
Sri Lanka's Consulate General in Dubai hosted a strategic breakfast meeting with leading travel trade professionals, media, airlines, and influencers to vigorously promote the island nation as a premier travel destination. • The event, held under the "Sri Lanka is Ready" campaign, aimed to strengthen partnerships within the UAE travel and tourism sector and showcase Sri Lanka's preparedness to welcome visitors. • Consul General Alexi Gunasekera highlighted the significant progress in Sri Lanka's tourism industry, its growing appeal in the Middle East, and ongoing enhancements in infrastructure, service standards, and diverse experiences (beaches, wellness, heritage, adventure, culture). • Participants discussed enhancing connectivity, developing tailored travel packages, and expanding promotional campaigns to boost visitor arrivals. • Attendees expressed strong confidence in Sri Lanka's tourism potential and reaffirmed commitment to promote the destination among UAE travelers. • Such events are crucial for strengthening bilateral ties and revitalizing Sri Lanka's dynamic and fast-growing tourism sector.
📈 GTEX Sri Lanka Phase 2 Kicks Off to Boost Apparel Exports! 🚀
The second phase of the Global Textile and Clothing Programme (GTEX2) has launched in Sri Lanka, aiming to enhance the competitiveness and global market presence of the country's apparel sector. • Key Collaborators: The initiative is a joint effort by the Sri Lanka Export Development Board (EDB), International Trade Centre (ITC), Switzerland's State Secretariat for Economic Affairs (SECO), and the Swedish International Development Cooperation Agency (SIDA). • Program Duration: GTEX2 will run from 2024 to 2027. • National Target: Sri Lanka aims to achieve US$ 8 billion in apparel exports by 2030, with GTEX2 playing a pivotal role. • Onboarding Event: A recent event on December 8, 2025, welcomed new beneficiary SMEs and outlined the program's objectives for 2026. Attendees included key government officials, international partners, and industry stakeholders like JAAF. • GTEX2 Focus Areas: Strengthening SME competitiveness. Deepening sustainability practices and environmental compliance. Supporting market diversification and access to new markets. Improving social compliance and lean methodologies. • Capacity Building: SMEs will gain access to customized training, expert guidance, and international best practices to drive innovation and elevate Sri Lanka's position as a competitive and ethical sourcing destination.
🚨 Sri Lanka Cabinet Approves Key Health Procurements 🏥
The Cabinet has cleared two major procurements to strengthen critical care and essential drug supplies, ensuring uninterrupted treatment for vulnerable patients. • Spinal Surgery Equipment: • Procurement of 48 polyaxial MR-compatible lumbar pedicle screws. • Used for stabilising the spine, correcting deformities, and treating fractures/tumours during spinal surgeries. • Contract awarded to Avenierr Pharma Ltd. (Sri Lanka), representing Miraclus Orthotech Ltd. (India). • Valued at Rs. 136.32 million. • Essential Medication: • Procurement of 540,000 vials of Desferrioxamine Mesylate for Injection BP. • Lifesaving drug for patients with anaemia and thalassemia requiring regular blood transfusions to remove excess iron. • Contract awarded to ABC Pharma Services Ltd. (Sri Lanka), sourcing from Gland Pharma Limited (India). • Valued at Rs. 791.1 million. Both procurements are crucial for maintaining uninterrupted treatment and improving outcomes in specialised procedures.
🚨 Sri Lanka Cabinet Approves Key Health Procurements 🏥
The Cabinet has cleared two major procurements to strengthen critical care and essential drug supplies, ensuring uninterrupted treatment for vulnerable patients. • Spinal Surgery Equipment: • Procurement of 48 polyaxial MR-compatible lumbar pedicle screws. • Used for stabilising the spine, correcting deformities, and treating fractures/tumours during spinal surgeries. • Contract awarded to Avenierr Pharma Ltd. (Sri Lanka), representing Miraclus Orthotech Ltd. (India). • Valued at Rs. 136.32 million. • Essential Medication: • Procurement of 540,000 vials of Desferrioxamine Mesylate for Injection BP. • Lifesaving drug for patients with anaemia and thalassemia requiring regular blood transfusions to remove excess iron. • Contract awarded to ABC Pharma Services Ltd. (Sri Lanka), sourcing from Gland Pharma Limited (India). • Valued at Rs. 791.1 million. Both procurements are crucial for maintaining uninterrupted treatment and improving outcomes in specialised procedures.
Protecting Sri Lanka's Tourism Investors: A National Imperative 📈
Sri Lanka's tourism sector, vital for rural economies, faces severe challenges from repeated crises (civil conflict, Easter attacks, pandemic, economic collapse, recent floods). Despite its resilience, many genuine investors are under immense pressure. • Investor Crisis: Hotels opened around 2017 are hardest hit, facing aggressive banking actions like parate execution due to loan defaults caused by unforeseen national shocks, not mismanagement. Their liquidation would severely damage Sri Lanka's tourism fabric and thousands of indirect livelihoods. • Urgent Call to Action: • Banks must create a special category for these investors, offering restructuring, grace periods, and revival-focused financial solutions. • Immediate steps include positive international communication, rapid restoration of tourist zones, and temporary concessions (electricity rebates, VAT deferrals, working capital) for affected hotels. • Future Development Vision: A comprehensive, long-term national strategy is proposed, focusing on: • Transforming into a high-value, experience-driven destination (wellness, eco-luxury, long-stay). • Strengthening infrastructure and regional connectivity (domestic airports, modern railways, flood-resilient highways). • Developing tourism clusters in rural areas. • Implementing a national policy for investor protection (legally guaranteed moratoriums, dedicated Tourism Revival Bank). • Embracing digital transformation and smart tourism. • Prioritizing nature conservation and climate-resilient tourism. • Upskilling the workforce for global competitiveness. • Strengthening global branding and year-round promotion. • National Duty: Protecting these investors is crucial for sustaining millions of livelihoods and ensuring the stability of regional economies. Collaboration between the Government, banks, and industry leaders is essential for a stronger, more resilient tourism future.
📈 Sri Lanka Tourism Update: December & YTD 2025
• Sri Lanka has welcomed 50,222 tourists in the first eight days of December 2025. • India leads with 10,453 arrivals (21%), followed by Russia (5,420), Germany (4,822), UK (3,823), and France (2,627). • Total tourist arrivals for 2025 have now reached 2,153,815. • Top source markets for 2025 include: India (485,249), UK (195,565), Russia (164,013), Germany (136,081), China (124,298), and France (103,307).
🛑 Nuwara Eliya Access Roads Open, But Misinformation Hurting Tourism! 🛑
A Nuwara Eliya resident highlights the severe impact of recent cyclone damage on tourism, urging immediate action despite roads being accessible. • Road Status: While the Kandy-Gampola-Ramboda-Nuwara Eliya road is heavily affected, several routes are now open and operational for all vehicle types: • Colombo-Nuwara Eliya: Wadawata - Kirindiwela - Ruwanwella - Ginigathhena - Hatton route. Kaduwela - Avissawella road also accessible. • Matale-Nuwara Eliya: Kandy – Gampola – Kothmale – Nawalapitiya via Hatton. • Ella-Nuwara Eliya: Via Ohiya, with Horton Plains admission fee currently omitted. • Tourism Crisis: Many Nuwara Eliya bookings were cancelled due to misinformation about road closures. Drivers and tour operators are refusing travel, severely impacting local businesses already hit hard by the cyclone. • Urgent Appeal: A plea for daily official government communiques on road accessibility to Nuwara Eliya from key locations (Colombo, Kandy, Ella) to counter misinformation and save the struggling tourism sector.
🇱🇰 Sri Lanka Showcases Diverse Tourism at Holiday Expo Gent 2025! 🌍
Sri Lanka actively participated in the Holiday Expo Gent in Belgium (Nov 28 - Dec 1, 2025) for the second consecutive year, attracting over 30,000 visitors. • Despite facing challenges from a recent cyclone, the Embassy urged Belgian travellers to visit Sri Lanka, emphasizing it is safe and open for its ongoing peak season. • The event served as a major B2C platform, reaching families, youth, adventure seekers, and affluent travellers across Belgium and neighbouring countries like the Netherlands, Luxembourg, Germany, and France. • Sri Lanka's diverse offerings were highlighted: • Pristine beaches, ancient cultural sites, wildlife, biodiversity, and eco-sustainable tourism. • Growing niche segments: wedding tourism, adventure travel, and MICE tourism. • The Sri Lanka stand featured vibrant promotions, Ceylon tea, and direct insights for those planning 2026 trips or with the island on their travel wish list. Many past visitors expressed a strong desire to return and explore new regions.
Alpha Industries Partners with FACETS Sri Lanka 2026 for Enhanced Security 💎🔒
Alpha Industries has officially partnered with FACETS Sri Lanka 2026 as the Official Security Safe Partner, setting a new benchmark for integrity and protection in the global gem & jewellery trade. • FACETS Sri Lanka, South Asia’s premier gem & jewellery exhibition, marks its 32nd edition from January 3rd to 5th, 2026, at Cinnamon Life, City of Dreams. • The event is crucial for driving sales, creating networking opportunities, and showcasing Sri Lanka's legendary gemstone heritage to local and international exhibitors, buyers, and collectors. • Alpha Industries, established in 1963, brings over 60 years of expertise in physical security solutions, from high-security safes to bank vaults, ensuring unparalleled protection for the high-value items on display. • Mr. Safraz Careem, Director/CEO of Alpha Industries, emphasized this partnership as an affirmation of trust and Alpha’s commitment to engineering excellence and absolute security. • The Sri Lanka Gem and Jewellery Association (SLGJA), the official industry apex body, organizes FACETS. It represents over 250 members, contributing to more than 75% of the country’s gem & jewellery exports, making it vital to the national economy. • Mr. Akram Cassim, President of SLGJA, highlighted the event's role in uplifting the sector and attracting diverse global customers, expressing confidence in the synergistic partnership with Alpha Industries. • FACETS Sri Lanka 2026 is poised to be a landmark event, generating substantial foreign exchange and reinforcing Sri Lanka’s status as a world-renowned source of exceptional stones.
Sri Lanka's Tea Industry: Resilient Amidst Recent Challenges 📈
Sri Lanka's tea industry continues to demonstrate strong resilience, navigating recent challenges from Cyclone Ditwah and localized flooding. • The industry has successfully overcome past adversities like the COVID-19 pandemic (digitalizing auctions) and severe economic crises, maintaining uninterrupted production and exports. • Cyclone Ditwah Impact: • Damage largely confined to specific roads in Uva and Central Province, causing temporary transport disruptions. • No loss of manufacturing capacity reported. • Harvesting operations are gradually returning to normal with reopened and temporary access roads. • Majority of southern plantations, smallholdings, and main road networks were spared. • Flood Impact: • Limited impact on exporters' offices and warehouses due to Kelani River floods. • Some machinery, like tea bagging machines, were damaged but restoration efforts are underway to ensure timely deliveries. • Production: • January-October 2025 tea production reached 220,972,295 Kgs. • This marks an increase of 3,318,755 Kgs compared to the same period in 2024 and also surpasses 2023 figures for the similar period. • Colombo Tea Auctions: • Trading activities continue with a revised calendar (December 1st week auction rescheduled to last week). • This adjustment aims to ensure uninterrupted financial flows to producers, including smallholders. The industry remains confident in its collective ability to navigate these times, assuring global supply of "Ceylon Tea."
🚀 Blockchain for a Transparent Sri Lanka! 🇱🇰
Blockchain technology is poised to revolutionize Sri Lanka's administrative and business sectors, tackling deep-rooted corruption, mismanagement, and inefficiency, especially in logistics and government procurement. • Core Problem: Sri Lanka's administrative machinery is heavily impacted by corruption, with estimates suggesting 40% of government funds are defrauded in procurement and tender procedures. • Blockchain Solution: • Enhanced Security: Immutable, distributed ledgers prevent document alteration and fraud, making changes visible to all participants. • Transparency: Real-time data sharing ensures all stakeholders see the same information, reducing hiding or destroying records. • Automation via Smart Contracts: Can trigger automatic payments, enforce penalty clauses, and release customs documents, significantly reducing human intervention and potential for bribery and delays in customs clearing. • Key Applications: • Supply Chain Logistics: End-to-end visibility for tracking shipments, provenance, and anti-counterfeiting (e.g., verifying pharmaceuticals, vehicle spares). Walmart's use of blockchain traces food in seconds. • Government Processes: • Elections: Could remarkably reduce costs (Govt. spends ~Rs. 6 Bn per election) and build trust. • Real Estate: Ensures transparent and credible transactions by tracking ownership history. • Medical Procurements: Curbs corruption and protects professionals. • Benefits: Reduces fraud, improves visibility, automates contract execution, and establishes trust without intermediaries. Compatible with existing ERP systems like SAP and Oracle, easing implementation. This technology offers a powerful tool to secure public funds, guide projects on time, and foster greater efficiency and trust across the nation.
Sri Lanka Tourism Resilience: 25,000 Arrivals Post-Cyclone & Strong Nov. Growth 📈
• Over 25,000 tourists arrived in the five days amidst and post-Cyclone Ditwah, prompting confidence in the sector's quick rebound capacity. • Officials confirmed approximately 250 tourists stranded during the floods were cared for, with many choosing to continue their tour, showcasing the industry's resilience. • Year-to-Date (11 Months) Arrivals: Surpassed 2.1 million. • November 2025 Performance: • Welcomed 212,906 visitors. • Recorded strong 16% Year-on-Year (YoY) growth. • This marks the highest November arrival count in five years and the highest monthly arrival total since March 2025. • Infrastructure Development: Cinnamon Life at City of Dreams was conferred Five Star Certification, the 33rd in the country. • Future Strategy: Focus remains on revitalising Colombo to become the South Asian hub for leisure, entertainment, and MICE tourism.
SL Star Pathum Nissanka Smashes ILT20 Debut 🏏
• Sri Lanka's opener Pathum Nissanka announced his arrival in the International League T20 (ILT20) for Gulf Giants with a brilliant masterclass knock of 81 off just 42 balls (6 fours, 4 sixes) against MI Emirates in Dubai. • Nissanka's aggressive innings successfully controlled the 164-run chase, enabling Gulf Giants to secure a dominant 6-wicket victory with 32 balls remaining. • Fellow Sri Lankan playing for Giants, fast bowler Nuwan Thushara, also contributed by taking 2/41 to restrict the MI Emirates innings.
Tier B 3-Day Cricket: Vilochana Hits First Century 🏏
• Rusiru Vilochana (Sebastianites) struck the tournament's first century, scoring an unbeaten 120 (170 balls, 15 fours) against Leo CC. • Sebastianites ended Day 1 on 201-2 (59 overs). Vilochana anchored the innings, sharing a vital 188-run, 2nd-wicket stand with Sandun Fernando (66). • SSC, led by Avishka Fernando, had a strong start, dismissing Kandy Customs SC for just 155 at Dombagoda. • SSC bowling attack was led by seamer Kasun Rajitha (3/19) and spinners Prabath Jayasuriya (3/50) and Charith Asalanka (3/35), who all claimed three wickets each. SSC were 13/0 at stumps. • Galle CC struggled to 191-7 against Moratuwa SC (Amith Eranda 37). United Southern SC reached 136-4 versus Colombo Malay CC (Nipuna Gamage 44). • Matches are set to continue on the second day. 📈
🚨 SLT-MOBITEL: Protect Fallen Cables for Uninterrupted Connectivity!
• Urgent appeal: Public and volunteer groups must not remove or cut fallen SLT-MOBITEL Fibre and Copper cables following recent extreme weather. • The issue: These cables are often still operational, and damage or removal is already causing several service disruptions across multiple cities. • Goal: Safeguarding this essential ICT infrastructure is vital to ensure uninterrupted communication and support national recovery efforts during the crisis. • SLT-MOBITEL also requests public cooperation and support for its dedicated workforce who are tirelessly working to clear debris and restore normal life.
⚡️ CEB Restores 85% of Power After Ditwah Disruption
• The Ceylon Electricity Board (CEB) has restored power to 85% of the consumers affected by the "Ditwah" event, according to Deputy General Manager Noel Priyantha. • The disruption impacted approximately 3.9 million electricity consumers nationwide, representing nearly 56% of the country's total consumers (nearly 7 million). • Out of 16,771 inactive transformers, 14,549 have been repaired and restored to service. • Restoration work continues rapidly for the remaining disconnections. • Sadly, one electricity worker lost his life during the restoration operations.
🤝 ComBank & Browns Partner to Modernise Agriculture
• Commercial Bank of Ceylon and Brown & Company PLC (Browns Agriculture) have entered a strategic partnership via an MoU to enhance access to modern agricultural machinery and technology. • Objective: Drive the country’s agricultural modernisation, productivity, sustainability, and support SME empowerment and inclusivity. • ComBank Support: Will offer special leasing facilities through its Agri Lease and Diribala Green Development Loan Scheme. • This financing covers vehicles, machinery, protected agriculture/irrigation systems, and post-harvest machinery marketed by Browns Agriculture. • Browns Benefits: Farmers purchasing equipment under the promotion receive exclusive offers, including: • A free first-year insurance policy for selected two-wheel drive tractor models. • Free labour services (first four for all tractors; first three for Yanmar and Sumo harvesters). • A free first-year IoT-based remote monitoring/tracking platform for SUMO Automated Rice Milling Machines. • The initiative promotes smart, eco-friendly machinery, aligns with sustainable farming practices, and strengthens efforts towards climate resilience and national food security.
🇱🇰 Tourism Chief: "Best assistance is the Tourists" - SL is Open Post-Cyclone 📈
• SLTDA Chairman Buddhika Hewawasam strongly appealed for tourists, asserting tourism is the fastest path to national economic recovery, surpassing the need for post-cyclone donations. • The sector has rapidly rebounded, reinforcing its reputation as a safe and reliable destination following the recent natural disaster. • Tourist arrivals officially resumed from 1 December. A major sign of confidence: a TUI-operated cruise ship brought 2,800 passengers on the day of the summit. • Current Status: All major tourism sites, including wildlife parks, heritage sites, and cultural landmarks, are fully open. Core operations have been restored even in heavily impacted districts like Nuwara Eliya and Kandy. • Road accessibility is rapidly improving across the island. • Sri Lanka is ready for the ongoing peak season (until March). The Chairman stressed that visitors' presence "can make the most meaningful difference" to affected communities.
SL T20I Stars Head to UAE for ILT20 🏏
• Seven Sri Lankan T20I specialists from the recent Tri-Series squad have been signed by five franchises for the International League T20 (ILT20) in the UAE. • Key Teams & Players: • Dubai Capitals: Dasun Shanaka, Dushmantha Chameera. • Gulf Giants: Pathum Nissanka, Nuwan Thushara. • Sharjah Warriorz: Matheesha Pathirana, Maheesh Theekshana. • Desert Vipers: Wanindu Hasaranga. • MI Emirates: Kamindu Mendis. • The league offers a vital opportunity to fine-tune T20I skills ahead of the T20 World Cup in Feb-March, after the national squad's disappointing Tri-Series campaign. • Comeback: Fast bowler Matheesha Pathirana returns to competitive action after missing the Pakistan tour due to an upper respiratory tract infection (URTI). His form is central to SL's T20 World Cup hopes. • Selection Trend: The selection heavily favors specialist bowlers and all-rounders. Minimal interest in SL batsmen (only Pathum Nissanka and Kamindu Mendis signed) is noted as a sign of their inconsistent returns in the national team.
📈 Sri Lanka Tourism Data Shift: New Survey Reveals Key Visitor Profile Changes
• A new landmark survey, conducted by SLTDA and the Market Development Facility (MDF) Australia, was launched to address critical data gaps, improve research methodologies, and move the tourism industry away from outdated methods (e.g., per-day spending calculation). • Deputy Minister Prof. Ruwan Ranasinghe stated the findings finally allow the industry to "steer... based on realities." • Key Findings (Shift in Visitor Profile): • Gender: 58% of visitors are female. • Age: Over 55% of tourists fall within the 20–35 age bracket. • These insights indicate a "complete shift in Sri Lanka’s traditional visitor profile" and will be crucial for making informed policy decisions, guiding marketing and promotional investments, and designing new campaigns. • The Minister emphasized this study marks a turning point, stressing the need to integrate immigration and other national databases to allow for real-time, data-driven policy decisions, catching up with global leaders.
NCE: Floods Severely Impact Export Sector Operations & Delivery Timelines 📈
• The National Chamber of Exporters (NCE) has expressed deep concern over severe flood damage to the export sector, with many production facilities going under water. • Early indications show significant damage to machinery, stocks, and critical infrastructure, bringing operations in many companies to a standstill. • Critical Challenge: Exporters are deeply worried about their ability to meet international delivery timelines, risking cancelled contracts, loss of market access, and damage to global buyer confidence. • Key Disruptions: Interrupted production cycles, costly equipment/factory damage, and stalled supply chains (transport, labour access). SMEs and aspiring exporters are deemed highly vulnerable due to lack of financial buffers. • NCE Action: The Chamber is gathering detailed information from members and urgently calls on the Government to provide immediate and targeted support (e.g., financial assistance, expedited repairs) to ensure rapid rehabilitation and safeguard Sri Lanka's national economic resilience.
SL Tourism Weathers Cyclone, Targets 2.4 Mn YTD Amidst Strong November Growth 📈
• Tourism operations remain largely resilient with ~75% of hotels functioning normally across the country, despite Cyclone Ditwah. Colombo, South, Deep South, and Pasikudah saw minimal impact. • Kandy and parts of the Cultural Triangle are the most affected, facing power/water shortages. • THASL requests urgent measures: • Immediate implementation of the visa-free scheme for 47 countries. • Temporary importation of vegetables due to sharp drop in fresh produce supply. • Finance Ministry/banks to expedite insurance claims and extend financial facilities. • Tourist Arrivals (Jan-Nov 2025): • YTD arrivals surpassed 2.1 million. • November recorded 212,906 visitors, marking 16% YoY growth (highest Nov in five years). • The industry needs ~296,407 more visitors in December to hit the revised 2.4 million annual target. • Top Source Markets (November): • India (24.1% / 51,391) • Russia (24,953) • UK (16,915)
📈 FTZ Operations Near-Full Capacity Post-Cyclone, BOI Confirms
• The Board of Investment (BOI) confirms Free Trade Zones (FTZs) have resumed near-full operations following Cyclone Ditwah, with the overall impact kept to a minimum. • Only the Thulhiriya zone and a single factory in the Polgahawela zone reported notable damage. • BOI teams worked swiftly to restore essential electricity and water supply, ensuring quick resumption of factory operations. • While overall worker attendance has dropped due to persistent logistical challenges (e.g., partially submerged roads), factory operations themselves have largely not been halted. • Companies are utilizing flexible arrangements, including work-from-home (WFH) where feasible, to maintain business continuity amidst the access difficulties. • BOI continues close monitoring as factories address remaining logistical hurdles.
🚨 SL Telecom Operators Accelerate Network Restoration After Cyclone Ditwah
• Intensified round-the-clock efforts are underway to reconnect communities after Cyclone Ditwah, which has tragically claimed 334 lives, left 400 missing, and affected over 1.3 million people nationwide since November 27. • Major service interruptions, particularly in Colombo, Gampaha, Kalutara, Kandy, and Ratnapura, were caused by widespread power outages and significant damage to backbone optical-fibre networks. • The TRCSL convened an emergency meeting on 28 Nov, urging seamless collaboration between Dialog Axiata, SLT-Mobitel, Hutch, and the CEB for rapid deployment of generators and backup power. • Operators extended free mobile connectivity until 2 December to support affected households and relief operations. • Recovery teams are prioritizing backbone repairs, site stabilization, and temporary power installations to restore essential voice and data services. • Technical partner Huawei Technologies Lanka has activated its BCM mechanism, mobilizing a dedicated task force of over 80 personnel and engineers to support all three major operators in on-site recovery efforts in the worst-hit districts.
🛡️ Dialog Enterprise Principal Sponsor for National Cyber Security Conference 2025 💻
• Dialog Enterprise (Dialog Axiata's corporate solutions arm) served as the Principal Sponsor for the Sri Lanka CERT|CC Cyber Security Conference 2025. • The conference is the nation's premier platform for strengthening cybersecurity awareness and resilience among enterprises and communities. • As a leading ICT solutions provider, Dialog Enterprise is committed to empowering enterprises with secure, end-to-end solutions spanning connectivity, cloud, and cybersecurity. • The collaboration with Sri Lanka CERT|CC reinforces a shared mission to enhance the nation’s cybersecurity readiness, build a culture of awareness, and protect data and operations across government, corporate, and SME sectors. • This partnership is considered essential for strengthening public-private cooperation and ensuring a safer, more resilient digital Sri Lanka.
Sysco LABS positions SL as Global Innovation Hub 🚀
• Sysco LABS successfully hosted "TECHFUSION 25" in Colombo, the inaugural globally aligned event by Sysco Technology’s Global Software Community of Practice (CoP). • The summit brought together 350+ technologists and 50 presenters, delivering over 2,500 collective learning hours focused on cutting-edge topics like AI-driven development, agentic architectures, and intelligent platforms. • This landmark event reinforces Sri Lanka's growing role in Sysco’s global innovation engine. • It positions Sysco LABS as Sysco’s benchmarked Global Innovation Center (GIC), highlighting the strategic importance and high standards of the country's ICT/BPM sector for enterprise-wide innovation.
📈 Sri Lanka to be APAC's Fastest-Growing Electric 3-Wheeler Market
• The global electric 3-wheeler market is projected to grow from US$ 2.68 Bn in 2025 to US$ 3.85 Bn by 2032, registering a CAGR of 5.3%. • Asia Pacific is expected to be the largest market, with Sri Lanka specifically forecast as the fastest-growing country in the region. • Sri Lanka's high growth is driven by the increasing demand for green technology vehicles and the overall growth in sales of alternative fuel vehicles. Local manufacturers include SL Mobility and Ideal Motors. • The key market driver is the lower operational cost (e.g., in India, electric models cost approximately INR 1.28/km vs. INR 3.21/km for petrol). • Technological trends favour the mid motors segment (expected to hold over 93% market share) and the 5–8 kWh battery segment, which provides sufficient range (~80–90 km) for typical urban commercial use.
Sales: The Timeless Engine & Future Leadership Accelerator 🚀
• Sales is asserted as the most influential profession, historically and for the next 100 years, acting as the fundamental engine driving human advancement [Author: Chathura Kotagama, SL Business Strategist]. • The core value of sales lies in human connection and emotion. While AI can automate tasks and provide information, it cannot understand hope, fear, desire, or read unspoken words, making the human element irreplaceable for transformation and building trust. • Sales is shifting from an underrated job to a leadership accelerator. Most top global founders, CEOs, and entrepreneurs succeeded by selling visions and ideas to investors, teams, and nations. • The skill is universal: Every parent, teacher, and leader is selling a value, knowledge, or direction. In an automated world, the ability to convince someone to believe, not just to buy, will be the priceless skill.
📉 Tourism Earnings Undershoot Despite Strong Arrivals
• The Sri Lanka Tourism Development Authority (SLTDA) has sharply revised the estimated daily visitor spending downwards from $171 to $148, based on a new survey, correcting an outdated 2018 calculation. • The Central Bank of Sri Lanka (CBSL) confirmed this revision explains the persistent gap between rising tourist arrivals and subdued tourism earnings, predicting 2025 earnings will be closer to last year's level ($3.17 Bn in 2024). • Immediate Impact: Official data shows a clear disconnect (YoY): • October: Revenue +0.3% vs. Arrivals +21.5%. • August: Revenue -8.2% vs. Arrivals +20.4%. • Analyst estimates (First Capital) project 2025 earnings around $3.3 Bn, well below the 2018 peak of $4.4 Bn, making the SLTDA's $5 Bn target highly unlikely. • Underlying Trend: The market is shifting towards shorter stays and lower-spending segments, largely driven by regional travellers (India, China). • While Asian markets provide the majority of arrivals volume, European markets (Russia, Germany) contribute more meaningfully to overall tourism value due to longer average stays.
📈 SL Tourism Eyes Value Over Volume: Chairman Urges Pivot
SLTDA Chairman Buddhika Hewawasam urged the industry to pivot toward higher-value tourism, stating that while the country has already crossed 2 million tourists for 2025, yield per visitor remains low. • Value Gap: The average tourist spend is around $\sim$US$ 300 per day, which is significantly lower than competing destinations like Malaysia and Indonesia. The focus must shift to attracting travellers with higher spending power. • Arrivals Target: To sustain industry profitability, the country needs a consistent minimum of 180,000–200,000 arrivals per month. • Key Challenges: Infrastructure strains and seasonality (5 strong months/7 weak months) are major concerns, with potential airline cancellations (around 45 weekly) due to unresolved bottlenecks. • Action Points: • Accommodation Imbalance: Addressing the severe room shortage in key regions (outside Colombo's >11,000 rooms); 3,000 acres released for new investment. • Experience Economy: Building year-round appeal with more entertainment, nightlife, and curated events to attract long-stay, high-spend travellers. • Nation Branding: Urgent need for a unified global brand-positioning campaign, with a dedicated World Bank-supported unit being established. • Improve domestic aviation for better regional dispersal.
Apparel Exports Maintain 6.1% Momentum 📈 (Jan-Oct 2025)
The Joint Apparel Association Forum (JAAF) reports that exports of apparel & made-up articles held steady, recording a 6.12% Year-on-Year (YoY) increase for the January-October 2025 period. • Overall Performance: • Cumulative Jan-Oct 2025 YoY: +6.12% • October 2025 YoY: Marginal decline of -0.05%, signalling uneven global demand. • Jan-Oct Market Breakdown (YoY Growth): • EU: Strong +14.05% increase. • Other Markets: +8.31%. • US: +1.37%. • UK: +0.98%. • October 2025 Volatility: • EU remained the key driver, accelerating to +12.53% growth. • Shipments to the US fell by -1.92% and the UK by -11.99%, though this was an improvement compared to September's steeper declines. • Exports to Other Markets saw a sharp reversal, contracting by -9.84%, highlighting volatility outside traditional bases. Sustained demand from the EU and cumulative growth reflect the sector's resilience amidst challenging global conditions, according to JAAF.
⛈️ Cyclone Senyar Alerts: Transport Disruption & School Closures
• Sri Lanka braces for unsettled conditions as Cyclone Senyar, forming over the SW Bay of Bengal, is expected to intensify into a depression within 24 hours. • Showers and strong winds are forecast for the Eastern, Northern, and North Central Provinces, with rough seas impacting the Eastern and Southeastern coasts. • Major Road Closure: The critical Colombo-Kandy main road remains CLOSED at Pahala Kadugannawa due to continued risk of rock and earth collapses, following assessment by the NBRO. Motorists are advised to use alternate routes. • All Upcountry Train Services (Colombo Fort to Badulla) will temporarily terminate at Nanuoya until further notice due to prevailing adverse weather conditions. • Eastern Province authorities have ordered the closure of all Muslim schools in the province from today until conditions improve.
Bairaha Chicken Commits to Chemical-Free Superior Quality & Longer Shelf Life 🐓
• Bairaha Farms PLC reaffirms its dedication to providing the highest quality, antibiotic-free chicken, devoid of chemical additives, preservatives, or added hormones. • The company utilizes an advanced, non-chemical process, switching from conventional chlorine to Peracetic Acid (PAA) for antimicrobial washing. • PAA's Advantage: Offers superior efficacy, breaks down into non-toxic residues (acetic acid, water, oxygen), and prevents the formation of harmful chlorinated by-products like trihalomethanes. • This method is recognized by international bodies (USDA, FDA) and aligns with markets like the EU that restrict chlorine use. • Bairaha maintains high standards with ISO 22000, HACCP, and GMP certifications, reinforcing its position as a leader committed to food safety and purity in Sri Lanka.
MBFW Colombo: 'The Colombo Edit' Wraps Up 🧵
• The Mercedes-Benz Fashion Week (MBFW), presented by the Academy of Design (AOD) and powered by DIMO, concluded its final showcase, 'The Colombo Edit', on Sunday at Cinnamon Life. • Day 5 featured eight local fashion brands and designers. • The showcase focused on redefining contemporary style through sustainable creativity and craftsmanship. • MBFW serves as a key platform for celebrating local heritage and elevating Sri Lanka's apparel & textiles sector for a global audience.
📈 Northern Province Youth Tourism Initiative
The Sri Lanka Institute of Tourism and Hotel Management (SLITHM), in partnership with the Asian Development Bank (ADB), successfully concluded a series of youth tourism awareness programs in the Northern Province (Jaffna, Kilinochchi, Mannar). • The initiative aims to raise awareness, strengthen employability, and support the long-term development of Northern Province tourism as a competitive destination. • Over 220 applications were received, with 80 youth (aged 18-28) selected for two-day practical training in key hotel operations (e.g., front office, F&B, housekeeping). • A significant highlight was the strong participation and enthusiasm from young women, who gained confidence after engaging with successful female hospitality professionals. • A panel discussion focused on building a new tourism identity, stressing the need to leverage the North's culture, cuisine, and untouched environment as unique selling points (USP). • ADB affirmed that tourism will be increasingly integrated into its future mainstream funding portfolio, while SLITHM plans to expand education and training in the North. • Panelists underscored the need for a collaborative public-private approach, with a suggestion to establish a special chamber to guide future tourism strategy in the region.
📈 Fashion & Design Showcase: 18 Designers at MBFW Sri Lanka
• The Mercedes-Benz Fashion Week (MBFW) Sri Lanka, presented by the Academy of Design (AOD) and powered by DIMO, concluded its "Destination Island Runaway" event. • The showcase was held on Saturday at Cinnamon Life, City of Dreams. • The event featured the creative work of 18 emerging designers, highlighting the nation's design talent. • Such platforms are vital for strengthening the innovation and talent pipeline within the Apparel & Textiles sector.
📈 THASL Pushes for US$ 10 Bn Tourism Earnings by 2030
• Sri Lanka Tourism Hotels Association (THASL) proposes an ambitious goal of US$ 10 Bn in tourism earnings by 2030, raising the target from the Govt.'s US$ 8 Bn. • Achieving this requires: • Annual arrivals growth of 20% (to 6 Mn visitors). • A 30% increase in per-night spending through a shift to higher-value, authentic experiences. • Strategic Actions Proposed: • Minimum US$ 50 Mn annual investment in global destination marketing starting next year. • Elevate niche segments like surfing, wellness tourism, yoga, and community-based experiences to attract high-end clientele. • Introduce Govt. incentives for hotels adopting sustainable practices, with the aim of being a top-five sustainable destination within five years. • Current Revenue Mismatch: Despite a visible rebound in arrivals, October tourist arrivals grew by 21.5% YoY, but corresponding earnings increased by only 0.3% YoY. • YTD tourism revenue is 4.9% higher than 2024, but remains 33% below the peak year of 2018. • THASL will launch a Joint Stakeholder Forum and an Annual Tourism Investment Conference to coordinate policy and attract new capital.
Tourism Focus Shifts to Regional Investment & BIA Upgrade 🏨
• Hotel operators have been strongly urged by Minister Herath to accelerate accommodation development outside the Western Province to address the severe distribution imbalance (11,000 rooms currently concentrated in WP). • Regional Facilitation: • Budget 2026 allocated substantial funds for improving national infrastructure (highways, domestic airports) to back regional tourism growth. • SLTDA has released land plots in key areas like Kuchchaveli, Trincomalee, Bentota, Kalpitiya, and Sigiriya for new proposals. • Capacity & Arrivals: • Sri Lanka currently holds 59,000 hotel rooms, with an additional 3,000 rooms (including 1,300 five-star) expected by end-2025. • Minister confidently projects the highest-ever tourist arrivals of 2.4 million by the end of this year. • Top Source Markets YTD: India, UK, Germany, and China, with high-spending European visitors making up six of the top ten countries. Note: Revenue growth did not proportionally match arrival volume due to exchange rate and inflation effects. • Infrastructure & Branding: • BIA Expansion Phase II: JICA has assured that work will commence by end-March 2026. • Private sector was commended for funding a temporary solution to prevent flight cancellations during the peak season. • Nation branding campaign rollout is targeted for the end of Q1 2026.
🚢 Colombo Port Throughput Up 6.7% in Nine Months
• Colombo Port handled nearly 6.2 Million TEUs in the first nine months of 2025 (Jan-Sept), marking a 6.7% Year-on-Year (YoY) increase from the previous year. • Key Segments (9M YoY Growth): • Transhipment: Grew 4.8% to 4.94 Mn TEUs, constituting nearly 80% of total volume. • Domestic Handling: Increased 13.6%. • Re-stowing Operations: Posted the strongest gain, rising 20% YoY. • September Performance: Total throughput surged 14.4% YoY, though volumes were broadly flat (+0.13%) compared to August. Vessel calls across all SL ports grew 12.6% YoY (to 3,792 ships) in the nine-month period. • Industry Concern: Exporters warn that recurring vessel omissions are causing significant disruptions, leading to raw material shortages and missed deadlines for critical sectors like apparel & textiles, rubber, and electronics. • Future Focus: The Government plans to strengthen port logistics via the expansion of capacity (WCT Phase II), establishing new trade-facilitation infrastructure, and scaling up digitalisation/automation initiatives, including the Port Community System.
📈 MakeMyTrip Urges Strategic Partnership to Unlock India's Outbound Travel Boom for Sri Lankan Tourism
• High Potential: Sri Lanka is ranked the 5th largest search destination on MakeMyTrip's two major platforms, signaling strong underlying demand. • Massive Market: India is projected to generate 50 million outbound travellers annually by 2030, with 70% opting for short-haul destinations (within five hours), placing SL in a prime competitive position. • Key Challenges: Despite high search interest, SL faces awareness gaps and a fragmented digital presence on platforms like Instagram and TikTok, which needs consolidation. • Matching Cohorts: SL's diverse offerings fit all four fast-growing Indian traveller segments: Premium (30% of int'l bookings, avg. $150+ rooms), Pilgrimage/Spiritual, Experience-Seekers (driven by trending content), and Last-Minute Travellers. • Proposed Action: MakeMyTrip calls for deeper collaboration on destination awareness, creating consolidated, high-quality digital content, using MMT's data engine for personalized targeting, and exploring product innovation and potential charter connectivity, citing Vietnam as a model for rapid growth.
Sri Lanka's Tea Exports Surge: Earnings Hit $ 1.29 Bn in 10 Months 📈
• Tea export earnings reached US$ 1.29 Bn in the first 10 months of 2025 (Jan–Oct), reflecting a strong 9% increase compared to US$ 1.18 Bn in the corresponding period of 2024. • Cumulative export volume rose to 220.21 Mnkg, an increase of 17.06 Mnkg compared to 203.15 Mnkg in the previous year. The approximate FOB value per kg was marginally higher at US$ 5.86. • Volume growth for the Jan-Oct period was seen across all major export categories except bulk tea. October 2025 volume also rose YoY, supported primarily by higher shipments of tea packets and tea bags. • Key Markets (Jan-Oct Volume Growth): • Leading Buyer: Iraq imported 33.88 Mnkg, registering a 25% YoY increase. • Sharpest Expansion: Libya saw a massive 134% surge, importing 17.40 Mnkg. • Other Strong Growth: Türkiye (+20%) and Chile (+35%) also showed significant expansion. • Note: Russia ranked second with 18.40 Mnkg despite an 11% YoY decline.
🔋 CATL Technology Drives Sri Lanka's EV Transition
• Global EV battery giant, Contemporary Amperex Technology Co. Ltd. (CATL), is now setting new benchmarks for electric mobility in Sri Lanka through a partnership with Evolution Auto Ltd. • CATL holds a remarkable 42.81% global market share for EV batteries, supplying technology used by top automotive brands worldwide, including Tesla and BMW. • Local partner, Evolution Auto Ltd., is integrating this world-class technology into its portfolio of advanced Chinese EVs for the Sri Lankan market (e.g., Avatr 11, Geely Ridara RD6 Pickup). • This collaboration is crucial for Sri Lanka’s transition to sustainable mobility, guaranteeing the highest standards of quality, reliability, and safety for local consumers. • The initiative supports national efforts to reduce carbon emissions and fuel dependency by accelerating the adoption of smarter, cleaner, and more energy-efficient transportation.
🚀 SLASSCOM AI Asia Summit 2025: SL Positions as South Asia’s Emerging AI Innovation Hub
• The 6th AI Asia Summit, themed "AI in Action," concluded in Colombo, reinforcing Sri Lanka’s determination to become a regional hub for applied AI and innovation. • Major Breakthrough: The Summit featured the unveiling of Xavier, Sri Lanka's first fully conceived and engineered AI-driven robotics platform. This landmark achievement signals the nation's transition from an AI adopter to a creator of deep-tech frontier technologies. • The event hosted over 400 participants and 31 global/regional speakers, seeing the convergence of senior policymakers from Sri Lanka and India to shape digital transformation policy. • AI Deployment Highlights Across Sectors: Practical adoption was spotlighted in key industries, including: • Manufacturing: Intelligent automation & robotics. • Banking & Finance: AI-led risk intelligence & operational automation. • Healthcare: Diagnostic intelligence & medical imaging AI. • The summit reaffirms Sri Lanka's path to becoming a regional powerhouse and an innovation-driven economy, leveraging AI as a primary driver for national transformation.
SriLankan Airlines Riyadh Drives Key Tourism Promotion
• SriLankan Airlines (SLA) Riyadh hosted a special “Ahlan Wa Sahlan” familiarisation tour for nine leading leisure agents to promote Sri Lankan hospitality and diverse attractions. • The tour showcased a wide range of destinations, spanning ancient sites like Sigiriya, cultural areas like Kandy, the hill station of Nuwara Eliya, and the beaches of Weligama. • Walkers Tours acted as the trusted ground handling partner for the delegation. • The programme concluded with a productive engagement session with the Sri Lanka Tourism Promotions Bureau (SLTPB) and SriLankan Holidays in Colombo. • The initiative successfully generated excitement and dedication among agents to actively promote the beauty and warmth of Sri Lanka to future travellers from the Middle East market.
📉 Ceylon Tea Sector: Structural Collapse Masked by Smallholders' Output
• The RPC-managed plantation tea sector has structurally collapsed, with output falling drastically from approximately 160,000 MT in the early 1990s to only ~66,000 MT last year—a loss of over 50%. • This decline was masked by the rise of tea smallholders, which kept the national total production stable around the 250,000 MT mark (246,000 MT in 1995). • RPCs recorded large profits and dividends by extracting value from a dying asset (long-term decapitalisation), not by strengthening the estates. • Asset stripping includes: reducing workforce (average age now >45), cutting reinvestment, outsourcing plucking (lowered quality), neglect of fields/fertiliser, factory closures, and significant bush loss. • A genuine revival is considered impossible due to the absence of the required preconditions: massive capital investment, a willing and trained labor force, and necessary expertise. • Strategic Pivot: Future focus must shift from commodity revival to value-driven, specialty tea (smallholders/artisanal) and diversification into new sectors like technology, services, tourism, and potentially coffee.
🏏 Pakistan Qualifies for Final with Dominant 69-Run Victory
• Pakistan defeated Zimbabwe by a thumping 69-run margin (195/5 vs 126 all out) in Rawalpindi, becoming the first team to qualify for the T20I Tri-Series final. This was their third consecutive win in the series and fifth in a row in the T20I format. • The innings was anchored by a strong 103-run partnership, featuring half-centuries from Babar Azam (74 off 52 balls) and Sahibzada Farhan (63 off 41). Fakhar Zaman's late cameo (27 off 10 balls) ensured the total reached 195. • The bowling unit was spearheaded by Player of the Match, off-spinner Usman Tariq, who delivered a career-best 4/18, including a hat-trick—only the second Pakistan spinner to achieve this in T20I cricket. • For Zimbabwe, only Ryan Burl stood tall with an undefeated 67 off 49 balls. His knock helped set Zimbabwe's highest-ever 10th wicket T20I partnership (44 runs) and reduced the margin of defeat.
FC Barcelona Dominates 4-0 Against Athletic Bilbao in Camp Nou Return 🏟️
• Homecoming Victory: Barcelona secured a commanding 4-0 win against 10-man Athletic Bilbao as they returned to a partially reopened Camp Nou, closed for over two years for a major overhaul. • Attendance & Context: The stadium, reopened at roughly half capacity, hosted approximately 45,000 fans. The overhaul is intended to boost the indebted club's revenues. • Goal Scorers & Key Plays: • Robert Lewandowski: Opened the scoring early (4th min) after capitalizing on a defensive error. • Fermin Lopez: Netted a bullet strike in the second half (48th min) following a giveaway. • Ferran Torres: Added a brace (45+2 min & a late goal) to complete the rout. • Player Highlights: • Lamine Yamal: The 18-year-old provided two sublime assists for Torres. • Athletic Bilbao: Suffered a straight red card (Oihan Sancet, 53rd min) and remains out of form. • League Impact: The win pulled Barcelona level on points with Real Madrid at the top of the table.
📈 'Clean Sri Lanka' Tipped as Long-Awaited National Brand Anchor
• Jetwing Symphony PLC Chairman Hiran Cooray asserts that President Dissanayake's "Clean Sri Lanka" initiative offers the country its strongest opportunity in decades to finally build a compelling and enduring national tourism brand. • Cooray noted that Sri Lanka has long struggled to define its global identity, contrasting this with India’s consistent and influential "Incredible India" campaign. • The 'Clean Sri Lanka' mission is viewed as a powerful, values-driven promise—encompassing environmentally, ethically, politically, and economically clean governance—not just a slogan. • This message, according to Cooray, can effectively anchor tourism, investment, and global perception, differentiating the nation strongly in a competitive regional market. • Industry stakeholders are urged to unite behind this narrative to transform it into the long-term, recognisable national brand identity Sri Lanka has lacked for years.
🥥 Coconut Sector Sets Ambitious 2026 Target Amid Blight Threat 📈
• Coconut Cultivation Board (CCB) is targeting 4.2 billion nuts production in 2026. • YTD Aug 2025 production stood at 1.92 billion nuts, a 4.8% decrease YoY. • Despite the output drop, coconut exports grew significantly, up 35% YoY to US$ 367.5 million by Aug 2025. • The average gross price of a nut also saw a sharp 53% YoY increase, reaching Rs. 138.25 in August 2025. • Government allocates over Rs. 3 Billion for the industry in 2026, including: • Rs. 2.5 Billion for a structured program to incentivise smallholders (under 5 acres). • Rs. 600 million to expand cultivation in the Northern Coconut Triangle. • A major concern is the leaf blight threat, reported in Weligama, Matara, Galle, and Hambantota, for which no effective treatment is currently available.
🇮🇳🇱🇰 Paytm Urges SL to Build "World's Most Seamless Travel Corridor" via Fintech
• Paytm CEO for Travel, Vikash Jalan, urged Sri Lanka to position itself as the most frictionless overseas destination for Indian travellers, stressing that digital payments are now fundamental to tourism growth. • Core Principle: Seamless, "invisible" payments (removing currency/acceptance worry) are necessary to make destinations attractive and boost visitor satisfaction and spending. • Current Impact: Following UPI acceptance in 2024, Indian arrivals have surged: • 2024 saw 430,000 visitors, up from 300,000 in 2023. • Over 450,000 Indians welcomed in the first 10 months of 2025. • Potential: SL could attract 1 million Indian tourists annually if it becomes a fully frictionless, UPI-enabled destination (out of a projected 3 million total arrivals). • Key Action: Payment acceptance must reach micro-merchants and SMEs (homestays, guides, tuk-tuk drivers, fishermen) to enable instant digital earnings and bring them into the formal economy. • Proposal: Form a national fintech–tourism task force to address cross-border settlements and standardisation, creating a unified digital journey to make India-SL travel the most seamless in the region.
📈 LFCs Urged to Pivot to Industry & Export Finance: LRA Review
• Licensed Finance Companies (LFCs) must strategically shift focus from consumption lending (e.g., vehicle loans) towards financing industrial upgrading, exports, and capital formation to support sustainable national growth, according to the Lanka Rating Agency (LRA). • The sector shows stronger fundamentals: Assets reached Rs. 2.28 Tn (8% compound growth), and FY24/25 PAT was Rs. 69.4 Bn, with Q1 FY25/26 PAT at Rs. 18 Bn. Regulatory capital is strong at Rs. 433 Bn (CAR ~22%). • Asset quality significantly improved, with the Gross Non-Performing Loan (NPL) ratio falling sharply to ~8.3% from 13.6% a year earlier. Total Loans & Advances stand at Rs. 1.75 Tn (76.6% of assets), with leasing accounting for ~44% of the loan book. • Key risks noted are liquidity pressures, interest rate mismatch (half of long-tenor assets funded by short-term deposits), exposure to gold-price volatility (gold portfolio up 30% in FY24/25), and ongoing consolidation required by the CBSL's NBFI Master Plan. • The LRA believes LFCs are well-placed to support an investment-driven growth model, provided they execute this strategic repositioning.
🏦 High-Powered CEO Forum at IBSL's National Banking Conference 2025
• The Institute of Bankers of Sri Lanka (IBSL) will host its National Banking and Finance Conference on 1 & 2 December. • Theme: Focused on “Digital Transformation and Financial Sustainability,” emphasizing how digital innovation will reshape financial services and boost long-term resilience. • Key Highlight: A major CEO Forum featuring top industry leaders from People's Bank, National Savings Bank, Seylan Bank PLC, Pan Asia Banking Corporation PLC, and Union Bank of Colombo PLC. • Discussion Focus: Leaders will share insights on how digital transformation influences innovation, customer experience, operational efficiency, risk management, and digital inclusion within the banking and finance sector. • The event is crucial for strategic dialogue as the sector navigates new regulatory needs and shifts toward digital maturity.
🏦 BOC Leads Sri Lanka's Payments Modernisation with SWIFT MX Adoption
• Bank of Ceylon (BOC) is the first local bank in Sri Lanka to implement the SWIFT MX (ISO 20022) messaging standard within its treasury system. • This marks the replacement of the older MT format with the structured, data-rich ISO 20022, aligning the institution with global best practices for payment data exchange. • BOC successfully migrated and went live on October 27, 2025, notably operating the new format without using message converters. • Global Mandate: ISO 20022 is the new universal format for high-value payments, with worldwide migration expected by November 2025 to maintain compatibility with international partners. • The move ensures BOC is prepared for the global shift, enhancing transparency, automation, and data accuracy for cross-border transactions and setting a benchmark for the local banking sector. 🚀
🎰 Bally’s Colombo Marks 30 Years: A Landmark in SL Entertainment & Tourism
Bally’s Colombo, Sri Lanka’s premier entertainment destination, proudly celebrated its 30th anniversary on 26 October 2025, marking three decades of operation since 1995. • Sector Contribution: The institution has significantly contributed to the nation’s tourism and hospitality industries, enhancing Colombo’s reputation as a vibrant hub for leisure and high-end entertainment. • Scale & Reach: Operating 24-hours, Bally’s welcomes nearly a thousand guests daily, with the majority being international visitors, positioning Sri Lanka on the global entertainment map. • Economic Impact: It employs over a thousand people, supporting livelihoods across the service and entertainment sectors, and engages a wide network of local suppliers and businesses. • Future Commitment: As it enters its fourth decade, the establishment remains focused on continuous innovation, sustainability, and responsible entertainment to maintain its standards of excellence.
🏉 Week 2 Rugby Preview: CR & FC and Air Force Chase Second Wins!
• CR & FC, led by Lasindu Karunathilake and coached by Dushanth Lewke, aim to build on their explosive start against a resilient Army SC outfit at Panagoda today. • CR, featuring in-form players like Mursheed Doray and Omalka Gunaratne, enter the match as favourites, but face a tougher challenge on unfamiliar turf. • Air Force, buoyed by last week's narrow win over Army, look to maintain momentum against Police SC at Police Park. • Police are desperate to steady their campaign after a heavy defeat to CH, making this an unpredictable clash. Air Force will look to capitalise on the Cops' inconsistent form. • Both CR and Air Force have a strong opportunity to extend their winning streaks and strengthen their standings. • Both matches kick off today (Nov 21) at 3:45 p.m.
🚢 Hapag-Lloyd Delegation Visits SLPA to Boost Port Cooperation
A high-level delegation from global shipping giant Hapag-Lloyd recently visited the Sri Lanka Ports Authority (SLPA) to strengthen ties and explore opportunities for expanded cooperation. • The delegation, which included Senior Director Christiaan Goeman Borgesius, met with SLPA senior management, led by Chairman Admiral Sirimewan Ranasinghe (Rtd). • Key discussions centered on ongoing developments at the ports, focusing on ways to improve operations and expand capacity to ensure smooth and efficient processes. • Hapag-Lloyd commended the SLPA for its development efforts and emphasized the value of a long-term, reliable partnership for Sri Lanka's critical maritime sector.
🇱🇰 SL to Chair Asia Tea Alliance (ATA) 2026-2027 & Host 2025 Summit! 📈
• Sri Lanka will assume the Chairmanship of the Asia Tea Alliance (ATA) for the 2026-2027 term, with TSHDA Chairman Nimal Udugampola taking the role. • This is a key strategic milestone, marking the first time a smallholder-institution leader (TSHDA) will chair the ATA, amplifying smallholder representation across Asia's tea value chains. • Colombo is hosting the 6th ATA Annual Meeting and the Asia International Tea Summit 2025 on November 27. • Summit Theme: "Tea Reimagined: Regenerative, Resilient, and Carbon Free." Sri Lanka is positioned to lead the transition to a decarbonised tea supply chain and set benchmarks for inclusive, regenerative practices. • Under SL's stewardship, the focus will be on regenerative practices, climate resilience, fair value, and strengthening market linkages, positioning the country as a regional hub for climate-smart tea collaboration.
📈 SL Tea Crop Edges Up in Oct; Cumulative Output Strengthens Jan-Oct 2025
Based on provisional data, Sri Lanka's tea industry saw a modest rise in overall production and cumulative gains for the year so far. • Overall Figures (October 2025): • October production reached 21.78 Mnkg, an increase of 0.50 Mnkg over October 2024 (21.28 Mnkg). • However, the month's crop was 1.22 Mnkg lower compared to October 2023. • Elevation Breakdown (Oct YoY): • Low Growns were the only elevation to post a gain, rising 5.96% to 14.34 Mnkg. • High Grown production fell 6.22% to 3.79 Mnkg. • Medium Grown output declined 1.52% to 3.47 Mnkg. • Cumulative Jan-Oct 2025 Performance: • Total production for the 10 months increased by 1.29% YoY, reaching 220.97 Mnkg (up 2.82 Mnkg from 2024). • All elevations recorded gains relative to the previous year: Medium Grown up 2.88%, High Grown up 2.16%, and Low Grown up 0.50%. • While cumulative output exceeds 2023 levels by 4.48 Mnkg, High Grown production remains 5.17% below its Jan-Oct 2023 figure, reflecting continued uneven recovery across sectors.
New EPCC Project to Modernise Colombo–Kolonnawa Fuel Pipeline ⛽
• The Cabinet of Ministers has approved a new EPCC (Engineering, Procurement, Construction, and Carry On) project to upgrade the critical petroleum pipeline system linking Colombo Port and the Kolonnawa refinery. • The decision terminates a previously failed procurement process and addresses serious safety and reliability concerns stemming from the current five-decade-old pipelines, which suffer from frequent leaks and structural weaknesses. • The project scope includes: • Laying two new land pipelines (18-inch & 14-inch) from the Dolphin Oil Tanker Jetty to Kolonnawa. • Installing a 12-inch undersea pipeline to the Seram Gate. • Necessary upgrades to the Colombo Port and Kolonnawa refinery terminals. • This initiative is expected to significantly enhance the safety, capacity, and reliability of petroleum transportation in the Western Province, critically strengthening the national fuel supply chain.
⛽ Cabinet Clears Key Fuel Storage Expansion for 45-Day Stock
• Cabinet has approved the construction of new and replacement of aging fuel storage tanks to enable the Ceylon Petroleum Storage Terminal Company (CPSTL) to maintain a minimum petroleum stock sufficient for 45 days. • The critical project is being financed using CPSTL’s own funds. • Storage Capacity Expansion: • Kolonnawa Terminal: 6 new tanks currently under construction, adding 64,000 cubic meters (m³) of combined capacity. • Muthurajawela Terminal: Procurement underway for 3 new tanks, adding 40,000 m³ of total capacity. • Additionally, two old tanks at Kolonnawa (7,000 m³ and 15,000 m³) are slated for replacement to enhance operational safety and reliability.
🇱🇰 Smart Aquaculture Push: Sri Lanka Launches Digital Platform for Shrimp Industry 📈
• The Shrimp Industry Information System (SIIS), Sri Lanka’s first-ever integrated digital platform for the aquaculture sector, has been officially launched. • Partners: Developed by the FAO (UN Food and Agriculture Organization) and the Ministry of Fisheries, Aquatic and Ocean Resources/NAQDA, with funding support from the Republic of Korea (ROK). • Technology: SIIS integrates Big Data, IoT, AI, and early-warning systems to provide real-time analytics and connect farmers, labs, regulators, and policymakers. • Goal: To modernize the aquaculture industry, strengthen biosecurity, minimize losses, and significantly increase productivity and global competitiveness for shrimp exports. • Key Features: Includes real-time monitoring of farm conditions, digital licensing, GIS-based mapping, traceability, and automated alerts for proactive risk management. • The system represents a transformative step towards a resilient, sustainable, and export-ready shrimp industry, reinforcing national food security and digital transformation.
🚨 Diabetes Alert: 1 in 5 Lankans Affected, 40% Undiagnosed
• Severe Public Health Crisis: One in five Sri Lankans is affected by diabetes, which is described as the "mother of most Non-Communicable Diseases (NCDs)" and a "womb-to-tomb lifestyle disease." • Diagnosis Gap: Approximately 40% of the Sri Lankan population remains undiagnosed or untreated for the condition. • Regional Ranking: Sri Lanka has the third highest number of adults (20-79 years) with diabetes in the International Diabetes Federation (IDF) South-East Asia Region. • Prevalence Hotspot: The Western Province shows the highest prevalence, linked to its more urbanised lifestyle. • Types & Prevention: Type 2 diabetes is the most common form, often preventable/delayable through lifestyle modifications, including regular physical activity and minimizing fast/processed food. • Key Institution: The National Diabetes Centre (NDC), marking 30 years, provides affordable or free holistic care, including operating an Insulin Bank for young people living with Type 1 diabetes.
🎬 Ground-breaking In-Camera VFX Tech Arrives in Sri Lanka!
• 360 Productions pioneers the introduction of advanced In-Camera VFX (Visual Effects) technology to Sri Lanka's film industry, utilizing Aximmetry software. • This innovation allows filmmakers to combine live-action footage with visual effects in real-time during shooting, offering a superior alternative to traditional methods. • Key Benefits: • Cost Efficiency: Eliminates the need for foreign travel or expensive outdoor set construction, saving huge production expenses. • Time Saving: Drastically reduces project timelines as many post-production tasks are completed during live shooting. • Creative Freedom: Filmmakers can create limitless environments—from deserts to palaces—inside a single studio. • The introduction, spearheaded by 360 Productions (the official Sri Lankan brand ambassador for Aximmetry), marks a significant turning point for local feature films, music videos, and commercials. • Sri Lanka’s first productions using this technology include "Devi Kusumasana" and "Gauthama Buddha Matha," showcasing its immense potential.
SL Cricketers Raise Safety Concerns in Pakistan 🏏
• Sri Lanka Cricket (SLC) yesterday confirmed that several members of the national team currently touring Pakistan have expressed a desire to return home, citing safety concerns. • SLC immediately engaged with the players, the PCB, and relevant authorities, providing assurances that all necessary security steps are being taken for the well-being of the touring party. • Directive: SLC has instructed all players, support staff, and management to continue with the tour as scheduled. • Consequences: SLC stated that replacements will be immediately dispatched if any player or staff member chooses to return despite the directive. • Any individual returning against the Board's instruction will trigger a formal review by SLC to assess their actions, with further decisions to follow upon the review's conclusion.
CCI Holds 21st AGM: New President & India Ties 🤝
• The Construction Chamber of Industry (CCI) holds its 21st Annual General Meeting (AGM) today (Nov 13) at The Kingsbury Hotel. • V. Manilal Fernando will formally assume the role of CCI President at the event. • A key highlight is the signing of a Memorandum of Understanding (MoU) with the Indo-Sri Lanka Chamber of Commerce and Industry (ISCCI). • The MoU is set to enhance cooperation, economic, and business ties between member companies and state agencies of the two countries. • The keynote speech, delivered by Advocata Institute Chairman Murtaza Jufferjee, will focus on "Future Economic Trends with the Budget 2026 and prospects for the construction Industry of Sri Lanka." • CCI currently represents 17 professional/trade associations and 300 member companies.
CXM Conference 2026: Focus on AI & Personalisation 🚀
The Sri Lanka Institute of Service Management (SLISM) has announced the upcoming Customer Experience Management (CXM) Conference 2026. • Date & Venue: February 11, 2026, at Cinnamon Life, Colombo. • Theme: The event will be held under the title "CX Revolution: AI, Personalisation, and Beyond." • Key Focus: The conference will explore the transformative power of Artificial Intelligence (AI), data analytics, and hyper-personalisation in redefining customer value and service excellence. • Vision: SLISM aims to equip local corporates to harness technology to enhance, rather than replace, the human connection in customer engagement. • Attendees: It will gather a key audience including business leaders, C-suite executives, CX strategists, practitioners, and technology innovators. • Opportunities: The event will feature global thought leaders, expert panels, and interactive workshops, offering insights into emerging CX trends. Organisations can explore high-impact visibility via several sponsorship tiers.
🇱🇰 Tourism Risks Missing Sustainable Goldmine: Experts Urge Strategy Over Fragmented Leadership 📈
An expert panel warns Sri Lanka risks losing a historic chance to lead in sustainable tourism due to fragmented leadership, weak governance, and a lack of coherent national strategy. • Policy & Leadership: Policies change too often, lacking consistency and data-based planning. Experts urge the adoption of a science-driven approach and a CEO model for the State tourism authority, moving away from changing chairmen/agendas. • Market Awareness: A global survey indicates only 4% of the world is aware of Sri Lanka as a destination. • High-Value Focus: Shift target from mass numbers to high-value sustainable tourists (spending \$250-\$400/night, staying twice as long). The global sustainable market is growing fast. • Capacity Warning: SL is currently unprepared and lacks the infrastructure (airports, environmental safeguards) to handle the ambitious 4 million tourist target. Realistic and sustainable targets are essential. • Economic Multiplier: Tourism currently contributes ~12% to GDP, and every \$1 spent by a tourist generates a significant \$2.5 multiplier effect locally. • Opportunity: The country has the potential to become the Costa Rica of South Asia, but requires a unified national brand built on sustainability and coordinated action.
🇱🇰 SL Backs Riyadh Declaration on Future of Tourism & Digitalisation 📈
• Foreign Affairs and Tourism Minister Vijitha Herath reaffirmed Sri Lanka’s strong support for the Riyadh Declaration on the Future of Tourism at the 26th Session of the UNWTO General Assembly. • The policy directions and strategies outlined in the Declaration are consistent with Sri Lanka’s own tourism and digital transformation priorities. • The Minister highlighted the growing importance of tourism and digitalisation in the country's economic development agenda. • Sri Lanka looks forward to the implementation of the outcomes, including forthcoming reports on the use of Artificial Intelligence (AI) in tourism and advancing global cooperation in the sector.
Aaron Rai Wins Thrilling Abu Dhabi Golf Championship Play-off
• English golfer Aaron Rai secured the Abu Dhabi Championship title after defeating fellow countryman Tommy Fleetwood in a sudden-death play-off at the Yas Links. • Both competitors finished the final round tied at 25 under par for the tournament, necessitating the play-off. • Rai sealed the victory on the first play-off hole by sinking a seven-foot birdie putt, while Fleetwood could only manage par. • Rai had started the final round with a one-shot lead before a rollercoaster day of scoring. • Rory McIlroy, who recorded his lowest DP World Tour score this season with a stunning 62, finished tied for third place with Nicolai Hojgaard of Denmark, both at 24 under.
🏎️ Norris Wins Brazil GP, Extends F1 Championship Lead
• McLaren's Lando Norris secured victory at the Sao Paulo Grand Prix (Brazil GP), marking his second successive win and seventh of the season. • The win extends Norris's lead in the Formula 1 championship to 24 points over teammate Oscar Piastri. • Championship rival Piastri finished P5 after receiving a penalty for causing a collision. • Mercedes rookie Kimi Antonelli achieved a career-best P2 finish. • Red Bull's Max Verstappen completed an "astonishing" drive to finish P3, despite starting from the pit lane and dropping to P18 early on due to a slow puncture.
🇱🇰 Construction Industry: Private Sector to Dominate 2026 Output 📈
• The Ceylon Institute of Builders (CIOB) welcomes the 2026 Budget's commitment to essential infrastructure, including expressways, irrigation, and housing programs. • Key Structural Shift: The private sector is now driving construction demand, expected to contribute significantly more to output than the projected Gov't expenditure of Rs. 550–650 Bn in 2026. • Public Investment Focus: Targeted spending includes Rs. 342 Bn for road development (Central Expressway resumption), Rs. 91.7 Bn for reservoir/canal rehabilitation, and Rs. 85.7 Bn for expanded community water supply. • Private Sector Drivers: Growth is fueled by the revival of tourism, export manufacturing zones, logistics facilities, commercial buildings, and urban housing development. • Strategic Caution: CIOB warns that contractors must adapt by moving away from sole reliance on State contracts. They must focus on private investment, PPPs, stronger financial planning, and adopting digital project management tools to ensure stability. • Economic Impact: The construction industry is expected to contribute approximately 7% to Sri Lanka’s GDP in 2026.
📈 India's Cricket World Cup Win Sparks UK T20 Ticket Surge
• Following India’s recent victory in the 50-over World Cup final, ticket sales for the next summer’s Women’s T20 World Cup in England surged dramatically. • Overall Sales: Total ticket purchases for the tournament (12 June – 5 July) increased by a massive 171% compared to the previous week. • Key Driver: Fixtures involving India saw the largest upturn, recording a significant 265% spike in sales. • All top-selling matches were India group-stage fixtures, including the repeat World Cup final against South Africa and their meeting with Australia. • The surge underlines the truly global appeal of women's cricket and its movement into the mainstream. Matches will be held across England, with the final at Lord’s.
SLT-Mobitel Powers Techno 2025: Driving Digital Transformation 🚀
• SLT-Mobitel secured the role of Principal Sponsor for "Techno 2025," Sri Lanka’s most prestigious engineering and technology exhibition, held at BMICH (Oct 10-12, 2025). • Organised by the Institution of Engineers, Sri Lanka (IESL), the event's theme was "Engineering for a Smart Nation," reflecting a national vision for digital transformation. • As Principal Sponsor, SLT-Mobitel showcased cutting-edge innovations and AI applications with transformative potential for Sri Lanka’s digital future. • The sponsorship reinforced SLT-Mobitel's strategic vision of empowering technological progress, fostering creativity, and promoting digital inclusion across all segments of the economy and society. • Techno 2025 served as a key platform to propel Sri Lanka towards becoming a digitally empowered, "SMART Sri Lanka."
SLASSCOM AI Asia Summit 2025 Secures Strategic Partners 🚀
• The Sri Lanka Association for Software and Services Companies (SLASSCOM) has announced Econsulate Ltd. and Xavier AI Ltd. as Strategic Partner for the AI Asia Summit 2025. • Theme & Focus: Held under the theme "AI in Action," the Summit aims to accelerate digital transformation, build AI readiness, and promote the ethical adoption of emerging technologies across the region. • SL Context: The partnership strengthens Sri Lanka's aspiration to position itself as a regional hub for responsible and scalable digital innovation. • Partner Highlights: • Econsulate is a global technology and innovation firm, headquartered in SL, specializing in digital transformation and AI-driven solutions. • Xavier AI is pioneering autonomous robotics in SL, with the locally-designed Xavier 4.0 integrated ground-air platform, showcasing deep-tech potential. • Event Date: The Summit is scheduled for 12 November at the Cinnamon Grand, acting as a catalyst to move AI from concept to strategic, real-world application.
EXCON 2025: Construction Tech Drives Sustainable Growth 🏗️
• South Asia’s largest construction equipment exhibition, EXCON 2025 (13th edition), will take place from 9–13 December at the BIEC, Bengaluru. • Focus: The event champions advanced construction technology as a critical catalyst for sustainable, inclusive national infrastructure development and excellence in India. • Scale: Over 1,250 exhibitors, including 160 international participants, will showcase their innovations across 3.5 million sq. ft. • Engagement: Expect high business activity with over 100,000 visitors, 500+ product launches, and 5,000 B2B meetings planned. • Global Participation: The expo features eight dedicated international pavilions and attendees from over 25 countries, notably including Sri Lanka, underscoring its role as a strategic platform for global partnership and knowledge exchange.
🇱🇰 Digital Health Push: Steering Committee to be Formed
• A key special discussion was held to establish a Steering Committee aimed at the digital transformation of Sri Lanka’s free healthcare system. • The initiative is part of a move to modernize and digitize the national health sector. • The meeting was chaired by Health and Mass Media Minister Nalinda Jayatissa, signifying government commitment to the reform.
📈 APB Sri Lanka Eastern Province Regional Quiz Boosts Banking Knowledge
• The Association of Professional Bankers (APB) Sri Lanka recently conducted its Regional Quiz Program in Trincomalee, bringing together banking professionals from the Eastern Province. • The event's core objective was to promote continuous professional development, knowledge sharing, and foster healthy competition within the banking sector. • Participants showcased expertise across vital areas including banking operations, current economic trends, and financial regulations. • APB President Anton Arumugam emphasized the program’s role in shaping a more knowledgeable and resilient banking community nationwide. • The initiative aligns with APB's commitment to continuous education and enhancing professionalism throughout the island's banking fraternity.
Ireland Secures First Autumn Win with Strong Finish 🏉
• Ireland outlasted a tenacious Japan side to win 41-10 in Dublin, securing their first victory of the autumn Test series. • The scoreline was flattered by a late surge, with Ireland scoring three tries in the final 13 minutes. • First-half tries came from Jack Crowley and Nick Timoney, countered by Kenji Sato's score for Japan just before the break. • In the second half, Ireland pulled away with further tries from front-rowers Andrew Porter, Gus McCarthy, and Paddy McCarthy, alongside a score from wing Tommy O’Brien. • Japan failed to score in the second period, with Ireland achieving a first win under Andy Farrell since November 2024. • Ireland's focus now shifts to upcoming fixtures against Australia and South Africa, requiring more complete performances.
Record Payday! Rybakina Claims £ 3.98 M at WTA Finals 🎾
• Elena Rybakina upset world No. 1 Aryna Sabalenka in straight sets (6-3, 7-6 (7-0)) to win the WTA Finals. • Rybakina claimed a record-breaking £ 3.98 million prize money, the largest payout in women’s tennis history. • This amount topped the previous record of £ 3.74 million earned by Sabalenka at the 2025 US Open. • Due to both players being undefeated through the tournament, the record sum was achieved. • The victory, Rybakina’s sixth over Sabalenka, moves the 26-year-old up one spot to fifth in the world rankings.
INFOTEL 2025 Opens: Targeting $15 Bn ICT Exports 📈
• The three-day INFOTEL 2025, organized by the Federation of Information Technology Industry Sri Lanka (FITIS), commenced at the BMICH under the theme: "Fuelling the Digital Economy." • National Target: A primary focus is uniting efforts to reach the ambitious national ICT export target of $15 billion. The event acts as a strategic platform to build the necessary ecosystem for innovation and entrepreneurship. • Key Focus Areas: The exhibition highlights how emerging technologies—including artificial intelligence, automation, fintech, gaming, cybersecurity, and digital education—can unlock opportunities across industries. • Platform Role: INFOTEL 2025 serves as a bridge between Government policy and private sector innovation, bringing together investors, educators, and entrepreneurs to shape Sri Lanka's digital future.
📈 SLASSCOM AI Asia Summit 2025: From Vision to Measurable Impact
• The SLASSCOM AI Asia Summit 2025, themed “AI in Action,” is set for November 12, focusing on shifting AI from experimentation to tangible, measurable results across finance, manufacturing, and services sectors. • Strategic Positioning: SLASSCOM Chairperson Shehani Seneviratne noted Sri Lanka’s unique potential to become a leader in responsible and scalable AI across South Asia, backed by dynamic talent and strong technical foundations. • National Context: The focus on AI innovation supports the Digital Economy Strategy and the goal of achieving US$ 5 Bn in tech exports by 2030. • Business Readiness: To effectively integrate AI, businesses must prioritize building digital maturity, strengthening data infrastructure, and upskilling teams. The Summit will deliver actionable insights and foster key partnerships. • Ecosystem: The event aims to boost collaboration among academia, industry, and policymakers to develop impactful, ethical, and globally competitive AI solutions.
Cristiano Ronaldo to Retire 'Soon' for Family Reasons
• Football legend Cristiano Ronaldo (40) confirmed he plans to retire "soon," stating the decision is driven by a desire to spend more time with his family and raise his children. • The Al Nassr striker, who is the all-time leading goal scorer with 952 goals, admitted the end of his glittering career will be "very, very difficult." • Ronaldo revealed he has been proactively planning his post-football life since his mid-twenties (age 25-27) to prepare for the transition. • In comments regarding his former club, he expressed sadness over Manchester United's struggles, attributing their poor performance to a lack of 'structure' despite the club's 'amazing potential'.
LIV Golf Shifts to 72-Hole Format from 2026 ⛳
• LIV Golf announced that its regular season events will be extended to 72 holes starting in 2026, bringing them in line with established tours. • The previous 54-hole format (from which the name 'LIV' derives) was a factor in players being denied Official World Golf Ranking (OWGR) points, which are crucial for major entry. • The shift aims to strengthen competition and will generally see events contested from Thursday of tournament weeks, moving away from the usual Friday start. • The individual competition will be decided over 72 holes of stroke play, while the team competition will continue concurrently, determined by cumulative individual scores. • Key players support the move, with Jon Rahm calling it a "win for the league" that strengthens competition and delivers more of what fans want. • LIV players have seen their rankings drop due to the OWGR issue (e.g., Rahm is now 71st; Dustin Johnson is 604th), making the format change a critical step for player career progression.
Bayern Upset PSG in UCL Thriller 📈
• Bayern Munich secured a 2-1 away victory against holders Paris Saint-Germain, maintaining a perfect 16-game win streak this season and cementing their status as early UEFA Champions League favourites. • Colombian winger Luis Diaz was the key player, scoring both goals for Bayern. • Diaz was later sent off just before half-time for a violent tackle on Achraf Hakimi. • PSG, who reduced the deficit through Joao Neves, dominated possession in the second half but failed to find an equalizer. • This marks PSG's first defeat in the competition since last season's quarter-finals. • The result keeps Bayern top of the 36-team league with a maximum 12 points, while PSG sits in third place, three points adrift. • PSG also suffered potential new injury concerns after both Hakimi and Ousmane Dembele were replaced early in the match.
🏏 Record-Shattering Women's Cricket World Cup 2025 🌟
• Co-hosted by India and Sri Lanka, the tournament was a massive run-fest, rewriting several batting records as run rates soared. • India emerged as new champions, defeating South Africa in the final. • Individual Record: Laura Wolvaardt (SA) set a new single-edition record with 571 runs, including two centuries (one in the semi-final and one in the final), and earned the No. 1 ICC ODI batter ranking. • Centuries & Totals: A record 15 individual centuries were scored (surpassing 14 in 2017), and the tournament saw 8 totals over 300 (double the number from 2022). • Highest Chases: The tournament produced the two highest run chases in WODI history, with India's semi-final chase of 338 (341/5) setting a new world record. • Aggregate & Sixes: India's semi-final victory over Australia also set a World Cup record for the highest aggregate score at 679 runs. A record 133 sixes were hit, significantly up from the previous best of 111 in 2017. • Australia led in team centuries with 6.
🇱🇰 Wildlife Art Homecoming: Gamini Ratnavira's "Brushes with Nature" Exhibition 🎨
• Internationally acclaimed Sri Lankan wildlife artist, Gamini Ratnavira, has returned for his much-anticipated fourth solo exhibition, "Brushes with Nature," after a long hiatus since 1985. • Venue & Dates: Lionel Wendt Art Gallery (Colombo 7) from November 7 to 9. Admission is free to the public. • The exhibition showcases 50 original paintings celebrating Sri Lanka’s rich biodiversity and natural heritage. • Ratnavira, known for his meticulous realism, emphasized the importance of preserving the island's wildlife, which remains the deep root of his globally acclaimed art. • Key Contribution: His long career includes designing the Department of Wildlife's official logo and illustrating over 38 Sri Lankan postage stamps.
📈 Sri Lanka Tourism Crosses 1.9m; Nov Starts Strong!
• Sri Lanka’s tourism arrivals for 2025 have surpassed the 1.9 million visitor milestone, signalling a robust lead-up to the winter travel season. • Early Nov Momentum: From 1–5 November, 32,815 tourists arrived, marking a 7.2% YoY increase compared to the same period in 2024. Average daily arrivals rose to 6,563. • Monthly Projection: Total November arrivals are projected to reach 260,229, which is expected to surpass both the 2024 (184,158) and pre-crisis 2018 (195,582) benchmarks. • Year-End Outlook: Analysts are optimistic about surpassing the 2.4 million visitor threshold, positioning 2025 for the strongest performance since 2018. SLTDA's scenarios range up to 3 million arrivals. • Top Markets (Nov 1-5): India led the early November inflows with 7,830 arrivals, followed by Russia (4,421) and Germany (2,674). • YTD Leaders: Overall, India (431,235), the UK (177,167), and Russia (138,061) remain the dominant source markets.
SLASSCOM Boosts Northern Region ICT/BPM Talent Pipeline 🚀
• The Sri Lanka Association for Software and Services Companies (SLASSCOM) recently hosted the IT & BPM Exploration Day – Northern Region at the University of Vavuniya, Faculty of Technology. • This event is part of SLASSCOM’s ongoing initiative (following the Central Province event) to expand technology education, skills, and career awareness in regional communities. • The program successfully drew over 500 participants, including students, undergrads, academics, and entrepreneurs, focusing on strengthening the national talent pipeline for the ICT/BPM sector. • Sessions included SLASSCOM TechKids and Arduino workshops for junior students, alongside industry awareness, entrepreneurship, 'STEM for Her,' and mentoring sessions for youth and professionals. • The initiative was supported by the Royal Norwegian Embassy and featured key partnership from EY GDS, providing valuable insights into global IT & BPM career pathways. • SLASSCOM aims to bridge the gap between education and industry, fostering an innovation-driven mindset and ensuring regional talent contributes to Sri Lanka’s digitally advanced economy.
💡 99x Yantra Labs Breaks Ground in IoT & Embedded Systems Innovation.
• The specialized ICT/BPM unit focuses on the Internet of Things (IoT), embedded systems, and sensor-based applications, noting a strong demand for integrated customer solutions requiring sub-millisecond response times. • Key Innovations: • Advanced Fire Detection: Leverages computer vision and Machine Learning (ML) processed at the edge (Jetson Orin NX) to detect visual fire/smoke cues before traditional sensors activate, eliminating reliance on cloud latency. • Solar Shading Analyser: Solves the issue of 10–30% energy loss from partial panel shading. It uses data loggers (GPS, pyranometers, LoRa mesh) to model shading and recommend site-specific, optimal panel layouts. • Expertise & Collaboration: The unit is headed by Technical Architect Dilshan Jayakody (20+ years experience). The team recently hosted a two-week collaborative visit from an Embedded Software Engineer from Norwegian Subsea.
📈 AI is a 'Multiplier' for Asian Businesses, Key to Elevating Service Levels
Salesforce highlighted that Artificial Intelligence (AI) is a crucial multiplier for firms in South and Southeast Asia, vital for improving service delivery across the region. • Asia's AI Imperative: Unlike in the developed world (where AI covers perceived labor shortages), for Asia, the primary role of AI is to drastically elevate currently low service levels for citizens across critical areas like finance, health, and education. • SME Empowerment: AI agents (digital labor) are key for SMEs, allowing small entrepreneurs to compete effectively with large companies and overcome the challenge of attracting and retaining talent. • Organizational Adoption: While individual awareness of AI is high, organizational adoption is lagging. Enterprises need to realize AI's benefits for scaling with complexity, cost efficiency, and achieving higher growth. • Business Impact: AI enables companies to become more aggressive in market expansion and fundamentally helps improve both the top line and bottom line performance. • Regional Significance: South and Southeast Asia is important both as a key market for new AI solutions and as a critical source of talent and skills for developing these global capabilities.
🇱🇰 SL Cricket Heads to Hong Kong International Sixes 🏏
• Defending champions Sri Lanka have left for the Hong Kong International Sixes tournament in Mong Kok. • The team is led by all-rounder Lahiru Madushanka. • Sri Lanka retains the same seven-player squad that secured the title in the previous year. • The squad includes Thanuka Dabare, Sandun Weerakkody, Dhananjaya Lakshan, Tharindu Rathnayake, Lahiru Samarakoon, and Nimesh Vimukthi. • Sri Lanka is placed in Group D alongside host Hong Kong and Bangladesh. • They will play Hong Kong and Bangladesh on the opening day (Friday), and face England in the third quarter-final on Saturday. • The team is managed by Sri Lanka Cricket ExCo member Samantha Dodanwela.
🏌️♀️ Trump Granddaughter Kai to Make LPGA Debut
• US President Donald Trump’s 18-year-old granddaughter, Kai Trump, is set to make her LPGA Tour debut next month. • She received a sponsor’s exemption to play at The Annika tournament, scheduled for November 13-16 in Florida. • The event offers a prize pool of US$ 3.25 Mn. • The LPGA stated her broad reach (over 6 million social media followers) is helping introduce the sport to new, especially younger, audiences. • Kai Trump, who recently launched an apparel and lifestyle brand, will compete against top players like Nelly Korda and Lilia Vu. • She is committed to playing college golf at the University of Miami starting in 2026.
APIIT Sri Lanka Sees Record Interest for New UK-Partnered Degrees 📈
APIIT Sri Lanka reports record student interest following the introduction of its newest degree suite. • These new programmes are delivered in collaboration with the University of Staffordshire, UK, offering world-class British education locally. • The three high-demand disciplines driving the interest are: Engineering, Biomedical Science, and Psychology. • Engineering specialisations (Mechanical & Electrical/Electronic) focus on design, robotics, and automation, preparing graduates for key global industries. • Biomedical Science is highly sought-after for careers in healthcare, pharmaceuticals, and biotechnology, with a curriculum strong in genetics and molecular biology. • The Psychology degree emphasizes analytical skills and offers an option for UK transfer, making students eligible for British Psychological Society (BPS) accreditation, enhancing international professional standing. • This marks a new milestone in APIIT's mission to bridge global knowledge with local opportunity.
📈 Sri Lanka Tourism Hits Record October Arrivals, Led by India
• Sri Lanka welcomed 165,193 tourists in October, a robust 22% YoY increase, surpassing the previous record for the month set in 2018 (153,123). • Year-to-Date (Jan-Oct) arrivals reached over 1.89 million, marking a 17% YoY rise and narrowly exceeding the 1.88 million visitors recorded during the same period in 2018. • Top Source Markets (October): India continued to dominate, contributing 29.1% (48,113 visitors). The UK (7.8%), Russia (7%), China (6.6%), and Germany (5.9%) followed. India also leads the YTD total with a 22% share. • Targets & Earnings: The country needs 709,313 more travellers in the last two months to meet the revised annual target of 2.6 million. Despite the record month, October fell short of the SLTDA's monthly forecast by 32,500 visitors. Tourism earnings reached US$ 2.47 Bn by end-September, up 5.3% YoY.
🩺 Clinical Governance: The Missing Piece in Sri Lanka's Private Healthcare Quality
• Sri Lanka’s private healthcare sector has grown rapidly, but this expansion is accompanied by a quality gap, particularly in small and medium-sized clinics. • Unlike large hospitals, most smaller facilities lack formal quality departments, relying instead on informal systems, leading to reactive incident responses rather than structured prevention. • Clinical Governance is essential—it’s a framework for accountability, safety, effectiveness, and continuous improvement. Key components include: • Clear, accessible policies and procedures. • Incident reporting focused on learning, not blame. • Regular clinical audits and risk registers. • Constructive utilization of patient feedback. • The lack of governance creates risks like wide variation in patient care standards, limited accountability, and reduced public trust in private healthcare. • Small clinics can implement governance simply by: assigning a quality/safety lead, holding weekly "governance huddles," and documenting improvements. • Outlook: For responsible growth, governance must shift from being optional to a core value, protecting patients and strengthening the national health system.
Global Meat Prices Hit New Record High in September 📈
• Global meat commodity costs rose 0.7% in September, marking the eighth straight monthly increase and setting a fresh record high (the longest run of gains since 2021). • The primary driver of the extended rally was beef, due to shrinking US cattle herds (now the smallest in decades) coupled with strong global demand. • Higher prices were also underpinned by robust demand lifting prices in top shipper Brazil, increased imports into the US from Australia, and worries over the New World screwworm pest in Mexico. Sheep-meat prices also provided support. • This persistent upward trend contributes to elevated global food-commodity costs, adding to inflation concerns for consumers and policymakers worldwide. • Meat was the only main food group tracked by the FAO to increase; the overall food index declined slightly as prices for grain, vegetable oil, dairy, and sugar all retreated.
Tourism Recovery at Risk: Talent Migration & Skills Gap 📉
The NHRDC warns that labor shortages and skills mismatches threaten the growth prospects of Sri Lanka's vital hotel and tourism sector (contributes ~4% of GDP, 13% of FX earnings). • Key Challenge: Talent Outflow • Over 60% of hotel staff resignations between 2020–2023 were due to migration for better-paying overseas employment. • This heavily affects experienced staff in culinary and front-office roles. • Demand & Skills Gap • Highest demand forecasts are for kitchen (35% rise), Food & Beverage (22.8%), and housekeeping (16.6%) staff. • Skills Mismatch: Vocational training is heavily concentrated in cookery (>3,000 enrolled 2024), while critical areas like guest relations see low enrolment (<200), impacting service quality. • Workforce Dynamics • The sector is highly male-dominated (76% male vs. 24% female), with cultural barriers and lack of flexible work/childcare limiting female participation. • Smaller and rural hotels struggle the most to retain staff against competition from star-class hotels and international markets. • Recommendations • NHRDC calls for competitive wage structures, expanding training beyond cookery (to include guest relations, wellness, digital hospitality), and inclusive policies (flexibility, childcare) to retain talent and boost female participation.
🇮🇳🇱🇰 SLAF & India's BIPA Ink MoU for Sustainable Agriculture 🌿
• The Sri Lanka Agripreneurs’ Forum (SLAF) and India’s BioAgri Inputs Producers Association (BIPA) signed a landmark Memorandum of Understanding (MoU) today in Colombo to strengthen Indo-Sri Lankan collaboration. • The collaboration aims to significantly advance biological agriculture and sustainable agri-innovation across the region. • Core Focus: Jointly exploring and accelerating the adoption of safe and effective bio-agri inputs, including biostimulants, biofertilizers, and bioprotection technologies. • The partnership will foster knowledge exchange, research cooperation, and policy dialogue to create long-term value for local farmers and agri-businesses. • Regional Impact: The initiative seeks to strengthen scientific cooperation and jointly develop regional standards for bio-inputs, benefiting the wider South Asian region.
❌ Data Irrelevant to Sri Lankan Economic Summary
• The provided content details the Los Angeles Dodgers' World Series victory over the Toronto Blue Jays, a purely sports event. • No Sri Lankan business, market, or economic data is present, making a summary based on required specializations impossible. • Unable to report on key sectors like tea, apparel & textiles, or ICT/BPM, or provide YoY growth rates.
Lanka Sathosa Clarifies Big Onion Procurement Policy 🧅
• State-run retailer Lanka Sathosa launched a program to purchase big onions directly from farmers to ease sales difficulties and stabilize supply. • The procurement included 17 conditions, one of which specified a size range of 35mm to 65mm in diameter (approx. eight bulbs per kg). • Following concerns from some farmers that their harvest did not meet these standards, Lanka Sathosa has issued a clarification. • Officials assured that no consignments have been rejected solely based on the size of the onions. • The buying process prioritises visual inspection over precise measurements, ensuring farmers' produce is accepted even if it does not perfectly conform to the stipulated size range. This supports local agriculture producers.
📈 Fairfax Asia Summit 2025 Held in Colombo for the First Time 🇱🇰
• Fairfirst Insurance hosted the Fairfax Asia Summit 2025 in Colombo, marking the first time the event was held in Sri Lanka. This signals recognition of Fairfirst’s growing role within the global Fairfax family. • The event gathered leaders and delegates from the Fairfax Asia Group and Fairfax Financial Holdings for two days of collaboration. • Key discussions focused on the future of the insurance industry, covering financial readiness, digital progress, and strengthening collaboration across the network. • Inspiring sessions included insights on leadership and teamwork from prominent Sri Lankan personalities, including John Keells Holdings PLC Chairperson Krishan Balendra and cricket legend Aravinda de Silva. • The summit concluded with the Fairfax Asia Service Excellence Awards; Wijini Hasanthika of Fairfirst Insurance was one of five recipients honored for her outstanding contribution.
TRCSL R&D Showcase Highlights Telecom Innovation 🔬
• The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) successfully hosted its second R&D Progress Presentations, fostering collaborations between universities and industry to advance the country's telecommunication sector. • Objective: The program, mandated by the Sri Lanka Telecommunications Act, aims to drive innovation, address emerging technological challenges, and ensure the sustainable growth of Sri Lanka’s digital ecosystem. • Key Participants: Projects from the University of Moratuwa, University of Kelaniya, and University of Ruhuna were showcased to industry representatives and the TRCSL Research Committee. • Innovative Research Topics Included: • Machine learning-enabled network optimisation to reduce atmospheric ducting interference in LTE-TDD networks. • IoT-based sleep monitoring tools designed to support independent living. • Software innovations aimed at enhancing educational engagement for visually impaired schoolchildren. • Spatial sound recording for personalised speech intelligibility enhancement in noisy environments. • The forum is vital for aligning academic innovation with industry needs and regulatory priorities, strengthening the foundation for Sri Lanka’s ICT/BPM advancement.
Urgent Fixes Needed for Sri Lanka’s Seafood Cold Chain 🐟
• The fisheries sector faces substantial post-harvest losses and lost premium market access due to critical gaps in the cold-chain integrity, impacting coastal livelihoods and seafood export revenue. • Core Problems: High post-harvest losses at landing sites from lack of basic ice, insulated containers, and handling training. Uneven infrastructure: Cold stores and IQF (Individual Quick Freeze) facilities are concentrated, leaving many remote landing sites without pre-coolers or blast freezers. High electricity/diesel costs and unreliable power make cold-storage operations expensive and risky. Small-scale fishers and micro-processors struggle with finance for equipment and compliance with stringent export standards (HACCP, SPS). • High-Impact Solutions: Short-Term: Deploy portable icing/pre-cooling units at high-loss landing sites. Fund cooperative hubs to aggregate catch and manage refrigerated transport. Offer “HACCP starter” packages to boost compliance. Mid-Term: Invest in strategically placed regional cold-storage and IQF processing hubs. Create leasing schemes and blended finance for SMEs to obtain insulated trucks and freezers. Policy Nudges: Use targeted tax incentives on refrigeration equipment and employ Public-Private Partnerships (PPPs) to build and operate regional infrastructure, reducing risk and unlocking private capital. • Goal: Simple, coordinated investments in first-mile cooling and aggregation offer the fastest return, turning the current chain of losses into a reliable source of high-value export revenue.
TMC: Elevating Management Practices in Sri Lanka 📈
• The Management Club (TMC) was established in 2001 under the auspices of the Chartered Management Institute – UK, Sri Lanka branch. • Its core mission is to elevate management practices in Sri Lanka to meet international standards by offering members continuous opportunities for professional and personal development, networking, and engagement. • TMC maintains a growing presence across the island through partner hotels in major cities including Colombo, Mount Lavinia, Moratuwa, Negombo, and Jaffna. • Key institutional partners include HNB (Banking), Sri Lanka Insurance Corporation (Insurance), and KPMG (Knowledge/Professional Services), with Mobitel representing the Telecommunications sector.
Slow Digital Shift in Sri Lanka's Power Sector: IPS Report Flags Gaps 💡
• The Institute of Policy Studies (IPS) State of the Economy 2025 report indicates that digital transformation in the power sector remains slow and uneven. • Progress is constrained by weak coordination, funding limitations, and the absence of a comprehensive national roadmap, compounded by the recent macroeconomic crisis. • LECO shows early adoption, implementing 5,600 pilot projects and connecting 25% of its approximately 38,000 customers with smart meters for remote reading and billing. • The Asian Development Bank (ADB) has provided a $200 Million loan to strengthen the national grid, supporting the introduction of smart-grid technology and battery storage facilities. • Both CEB (serving 7.2 Million customers) and LECO have launched locally developed consumer apps (CEB Care, MyLECO) for essential services and outage reporting. • Sustained progress is contingent on establishing a national framework, enforcing mandatory building-management systems, and implementing proposed data-governance policies, which are currently structural gaps.
CPC Fuel Price Revision Effective Midnight ⛽
• Ceylon Petroleum Corporation (CPC) has announced a revision to fuel prices, effective from last midnight (November 1st). • Key Changes: • Price of Octane 92 Petrol is reduced by Rs. 5 per litre. • Price of Super Diesel is increased by Rs. 5 per litre. • Prices for all other fuel types, including Octane 95 Petrol, Auto Diesel, and Kerosene, remain unchanged following this adjustment.
Health Minister Urges Specialist Doctors Abroad to Return Home 🏥
• Health Minister Dr. Nalinda Jayatissa has urgently called on specialist doctors of Sri Lankan origin working overseas, particularly those met during a recent visit to the UK, to return and serve the country. • The Minister highlighted the critical shortage of medical specialists in Sri Lanka, emphasizing that the return of Sri Lankan-trained professionals is essential for the national healthcare system, given the time and sacrifice required to produce them. • Returning specialists were assured they would be immediately reinstated to their respective ranks, provided with all necessary service facilities, and given the support needed to resume professional duties. • The appeal was made during a conference aimed at strengthening ties with the Sri Lankan diaspora and encouraging their contribution to the nation's development.
Health Ministry Resumes Recruitment; Largest Nurse Intake in Recent History 🏥
• The Ministry of Health has commenced the six-month training for 700 nursing graduates, marking the first such recruitment since a four-year hiatus (2021). • This effort is part of a major workforce boost: 4,141 nursing officers were recruited this year (the largest intake in recent history), with another 2,600 scheduled to join soon. • The total national nursing cadre is projected to rise to approximately 43,500 personnel, addressing staffing shortages countrywide. • Future plans include obtaining approval to recruit 825 more nursing graduates in 2025 and introducing a citizens’ e-Health service to modernise patient care. • The appointed graduates, who hold BSc in Nursing from National Universities, are due to report on 6 November for practical training across 31 hospitals.
🏏 Women's World Cup 2025 Final: India vs. South Africa Decider
• A new Women’s World Cup winner will be crowned on Sunday as tournament hosts India take on South Africa in the 50-over Final at 3 pm (local time). • Significance: This is the first time South Africa has reached a Women's World Cup Final, ensuring a first-time champion. • Venue & Form: The decider is at the Dr. DY Patil Sports Academy in Navi Mumbai. India has a strong track record here, remaining undefeated at the venue during the tournament, while South Africa has yet to play there. • India's Past: India enters boosted by their semi-final victory over Australia. They previously finished as runners-up in the 2005 and 2017 Finals.
🇱🇰 Voyage Sri Lanka 2025: Blue Economy Potential Unveiled 📈
The international marine summit, Voyage Sri Lanka 2025, organized by the EDB, successfully concluded on Oct 16, drawing over 250 local and overseas delegates from approximately 6 countries. • The summit reinforced Sri Lanka's strategic vision to become a flourishing hub for marine innovation and sustainable growth in the Indian Ocean region. • Key sectors highlighted for Blue Economy potential include shipbuilding & ship repair, boat building, fisheries & aquaculture, nautical tourism, and offshore services (including offshore wind farming). • Key Discussions focused on: • Positioning Trincomalee as a strategic regional logistics and energy gateway. • Opportunities in offshore energy, including LNG infrastructure and exploration, with preliminary joint venture agreements announced. • Synergizing boat building with nautical tourism and aquaculture for integrated growth. • The presence of multiple top government officials underscored the nation's "unwavering commitment" to maritime advancement. • The event successfully facilitated B2B meetings, investor networking, and technology showcases, fostering direct global stakeholder connections.
SL's First HRIPT Lab for Cosmetic Testing Kicks Off 🧪
• Sri Lanka has begun establishing its first-ever Human Repeat Insult Patch Test (HRIPT) laboratory. • This specialized facility will be dedicated exclusively to testing cosmetic products to meet quality standards and support enterprise development. • The foundation stone was laid yesterday (Oct 30, 2025) under the patronage of Industries and Enterprise Development Minister Sunil Handunnetti. • The move signifies a step towards enhancing local testing capabilities for consumer goods and R&D.
📈 Sri Lanka Ports Launch $8.4m Roadmap to Boost Security & GDP Goal
• A new roadmap was unveiled to strengthen traveller clearance, health security, and efficiency at Sri Lanka’s key seaports and airports. • The three-year project is valued at US$ 8.4 Mn, funded by the Government of Japan and implemented by IOM, covering both Sri Lanka and the Maldives to ensure ports remain operational during future pandemics. • Economic Target: The port sector aims to significantly boost its GDP contribution from the current 2-2.5% to 6% by 2030. • Baseline assessments were conducted at Colombo, Galle, Trincomalee, and Kankesanthurai ports, identifying 46 recommendations for modernisation. • Key Upgrades: • The first-ever Automated Border Control (ABC) system at BIA is scheduled to launch in December. • Provision of 17 large cargo and baggage scanners to enhance Customs and aviation security. • Biometric and health infrastructure upgrades at ports, plus biometric upgrades at 20 overseas embassies to support future e-passports.
Sri Lanka's US$ 100 Million Sports Tourism Opportunity 📈
• Global sports tourism is a fast-growing, high-value sector, projected to reach $1.3 Trillion by 2032 (nearly 10% of international spending). • Experts estimate Sri Lanka can unlock a $100 Million economic opportunity by 2030 by adopting a long-term, growth-centric national policy for active sports events. • High-Value Tourist Profile: The "racecation" segment (endurance athletes) spends significantly more: • 2019 data showed athletes spent an average of Rs. 300,000 (≈ $1,960) per stay, which is 3 to 4 times higher than the average tourist spend. • The goal is to double the current average per-day spend of $171. • Early Success & Momentum: The 2018 IRONMAN 70.3 Colombo event generated over $2 Million in tourism revenue, attracting 3,000 foreign visitors from 64 countries, with families staying an average of 5-7 days. • The Need for Consistency: Oman, through a long-term IRONMAN partnership embedded in its national vision, projects a $66 Million direct economic impact by 2030, contrasting with Sri Lanka's lack of follow-up on its successful 2018 debut. • Calls emphasize the need for institutional continuity and policy commitment to establish Sri Lanka as a permanent global endurance event destination.
🌧️ AAIB Assesses Rain Impact on Crops; Paddy Fields Safe So Far
• The Agricultural and Agrarian Insurance Board (AAIB) is actively assessing damage to crops nationwide following recent heavy rains. Focus is on estimating the full extent of damage and preparing relief programs. • Key Crop Status: • Paddy Cultivation: The 2025/26 season has begun with land preparation. Paddy cultivation lands are reported as safe and largely unaffected so far, with no damage recorded. • Other Insured Crops: AAIB is closely monitoring crops under free insurance, including maize, onion, potato, soya, and chilli, for potential impact from the downpours. • Compensation Policy (Free Insurance): • Paddy: Compensation set at Rs. 100,000 per hectare (up to a maximum of five acres). • Other Crops: Free damage compensation is provided up to 2.5 acres for insured crops like maize, onion, potato, chilli, and soya. • Farmers are urged to promptly report any damage. Additional compensation is available for farmers holding extra insurance coverage from the AAIB.
SL Retail Forum 2025: AI Reimagining the Industry 📈
• The Sri Lanka Retail Forum 2025, hosted by the SLRA, successfully concluded, gathering over 500 retail leaders and innovators to discuss the future landscape. • Theme: "Retail Reimagined – Where AI Meets the Human Edge," focusing on the convergence of Artificial Intelligence (AI) and human creativity to revolutionize customer experiences and operational efficiency. • Keynote speaker Satyendra Khare (Google India) discussed "Inf ‘AI’nite Possibilities," emphasizing AI's power to unlock personalization, streamline supply chains, and transform decision-making in retail. • Discussions centered on the need for structural reforms to achieve stability and sustainability, leveraging consumer insights, and building robust data foundations for AI success. • A key panel featuring leaders from Hemas Consumer and Twinery (Innovations by MAS) explored the evolving role of leadership in an AI-driven era. • The forum emphasized that the synergy between AI and human talent is the key blueprint for accelerating the nation's retail modernization and growth journey.
📈 SL Cinnamon Sector Witnesses Major Transformation & Strong Growth
• Sri Lanka remains the world's largest producer and exporter of pure cinnamon (Cinnamomum zeylanicum Blume). It is the 4th largest agricultural export, involving 70,000 small farmers and 350,000 employees. • Export Performance (Last Two Decades): Production has increased by over 50%. Export quantity rose by nearly 70%, and export value has more than quadrupled over the same period, highlighting strong global demand. • 2022 Export Snapshot: Total cinnamon exports reached 18.51 m/kg (approx. 90% of world total), valued at US$ 213 million. This accounted for 51% of national spice exports. • Market & Quality: Main markets include Mexico, USA, UK, and Germany. The sector has seen modest improvements in quality standards and a slow but steady diversification into value-added products like cinnamon essential oils, powders, and extracts. • Marketing Evolution: The historically private sector-led industry is seeing a structural change in marketing. The old mechanism centered on Colombo is being replaced, with new exporters increasingly operating from key producing districts like Galle and Matara. • Govt. Support: Key institutional achievements include acquiring the Geographical Indication (GI) status in February 2022 and the 2023 Budget announcement to establish a separate Department for Cinnamon Development.
🏏 Historic Cricket Performance: Wolvaardt's 169 Powers SA Women to Maiden WC Final
• South Africa secured their first-ever ICC Women's Cricket World Cup final berth with a decisive 125-run victory against England in the semi-final. • Key Contributor: Captain Laura Wolvaardt delivered a masterclass innings of 169 runs (off 143 balls), setting a formidable total of 319-7 (50 overs). • Bowling Dominance: Marizanne Kapp spearheaded the attack with an outstanding spell, yielding 5 wickets for just 20 runs (5/20), dismantling the English chase. • Partnerships & Figures: Wolvaardt and Tazmin Brits (45) established a 116-run opening stand. SA added 117 runs in the final 10 overs. • Opposition Performance: England were bowled out for 194 (42.3 overs). Nat Sciver-Brunt (64) and Alice Capsey (50) offered the main resistance. • This victory ends SA's streak of three previous semi-final losses (2000, 2017, 2022), marking a significant national milestone.
SL Youth Sports Triumphs: New Record Set at Asian Youth Games 2025 🏅📈
• Sri Lanka has achieved its highest-ever medal tally at the Asian Youth Games (AYG) 2025 in Bahrain, securing a total of 7 medals (1 Gold, 1 Silver, 5 Bronze). This surpasses the previous record of 6 medals from the 2nd AYG in China. • In Badminton, medal hopes ended in the pre-quarterfinals (Top 16). Keneth Aruggoda fought a tough 1/2 loss against Indonesia, while Pamududitha Randiligama was defeated 0/2 by China, showcasing the nation’s "growing strength" against Asia's powerhouses. • Wrestling saw determined efforts: Nimesh Dulanjana (55kg) secured an initial 10/0 win over Cambodia and reached the repechage. Dewmini Ranaweera (57kg) won 13/2 against Thailand, and Senura Dilmith won 13/0 before a quarterfinal exit. • The last chance for a Bronze Medal faded when Deshika Bandara (Girls 43kg) was beaten in the medal encounter. • No swimmers advanced to the next round/finals, though M.F. Mohamed placed 2nd in his 100m breaststroke heat.
Sri Lanka to Launch Free Visa Scheme; 2025 Target Revised Down 📉
• Tourism Minister announced the long-delayed free visa policy for 47 countries is expected to be implemented within 1-2 months, following the finalisation of regulations. • The scheme is projected to lead to an annual loss of $\sim$US$ 66 million in visa revenue but is expected to generate higher indirect earnings from increased tourist spending. Industry experts, however, noted the move is likely too late for the current winter season. • Sri Lanka's 2025 tourist arrivals target has been revised down from 3 million to 2.4 million. Efforts are now focused on achieving this revised goal in the last two months. • YTD arrivals (as of late October) surpassed 1.86 million. Arrivals for the first 26 days of October showed a strong 22% Year-on-Year (YoY) growth. • Tourism revenue reached US$ 2.47 Billion for the first nine months, significantly short of the US$ 5 Billion annual revenue goal. • India, the UK, and Russia remain the top source markets. Promotional campaigns are underway, particularly targeting high-end travellers from Europe, including the UK and Scandinavian countries. • Passenger volumes and flight operations are expected to increase in the next two months, supported by new airlines like Kuwait Airways and Belavia, among others.
📈 Ragama Hospital & Science Ministry Partner for Advanced Medical Innovation
• The Ragama Rheumatology and Rehabilitation Hospital is set to enter into an MoU with the Science and Technology Ministry to significantly enhance its technological capabilities and patient care systems. • The initiative, following an inspection by Minister Prof. Chrishantha Abeysena, aims to modernise the hospital's medical equipment, machinery, and assistive technology through advanced engineering methods. • Key technical support will be provided by the Ministry’s affiliated institutions, including the National Engineering Research and Development Centre (NERDC) and the Arthur C. Clarke Institute, in partnership with the University of Kelaniya’s Faculty of Technology. • Expected Outcomes: • Enhanced production efficiency and capacity development for hospital staff. • Local manufacturing of affordable prosthetic limbs, wheelchairs, and assistive devices. • Significant reduction in dependency on imports for medical supplies. • Establishment of a joint R&D unit and a dedicated Medical Research Centre to foster long-term innovation between the healthcare and engineering sectors. • An action plan for the initiative is currently being prepared and will be submitted for Cabinet approval before the formal MoU signing.
🏆 School Tennis Showdown: Peterites Eye Hat-trick vs. Royal
• The 3rd Annual Arjun Fernando–Percy Ernst Challenge Shield is set for Saturday, November 1, 2025, at the P. Nagendran Tennis Complex, Royal College. • St. Peter’s College (SPC), the reigning champions, arrive aiming for a historic third consecutive Shield victory, having secured a 3–2 comeback win last year to retain the title. • SPC showcases remarkable depth, spearheaded by Captain Karthi Udayachandran and three of Sri Lanka’s top six ranked juniors—Ganuka Fernando, Ashlin De Silva, and Mayooran Kubherane—all with Junior Davis Cup experience. • Royal College (RC) seeks redemption on home soil, aiming to lift the Shield for the first time. RC’s morale is high after recently clinching the E.F.C. Pereira Memorial Trophy against S. Thomas’ College. • RC is led by Captain Methvan Wijemanne, the reigning Junior National Champion. Both teams are guided by two of the nation's most respected coaches. • Key Dual: A defining subplot is the intense rivalry between RC Captain Methvan Wijemanne and SPC's Ganuka Fernando, who have battled in several high-stakes finals over the past two years. • The encounter, honouring tennis icons Percy Ernst (SPC) and Arjun Fernando (RC), promises top-calibre tennis with four of the country’s top six U-18 players featuring.
🏏 Malaysian Women's Cricket Tour to Sri Lanka Confirmed
• The Malaysian national women’s team is set to tour Sri Lanka from late October for a five-match T20 series. • They will compete against the Sri Lanka Under-19 national team. • The visiting team is scheduled to arrive in Sri Lanka on 29 October. • The tour aligns with Sri Lanka Cricket’s (SLC) goal of supporting the development of ICC Associate Member nations. • Match Schedule Highlights: • The 1st T20 is on 2 November (NCC, 10 a.m.). • Other matches are scheduled for 3, 5, 7, and 10 November, taking place at the NCC and Colts Cricket Club grounds.
Sri Lankan Junior Golfers Head to Thailand Championship 🏌️
• The 16th Singha Thailand World Junior Championship will be held at the Royal Hua Hin Golf Course from October 30 to November 2. • The competition spans four days in an intense 72-hole format. • Sri Lanka's contingent includes Kaya Daluwatte, the recent Asian Youth Games (AYG) 2025 bronze medallist, competing in the Girls’ individual (15–18 years) event. • In the Boys’ individual (15–18 years) and team events, Reshan Algama (AYG 2025 7th-placed) and Adhithya Weerasinghe will participate. • Youngster Thejas Rathiskanth is also set to feature in the Boys’ individual (15–18 years) event. • The team is managed and coached by the experienced Mithun Perera.
📈 Daraz & Industry Ministry Partner to Digitalise Sri Lankan SMEs
• Daraz Sri Lanka has partnered with the Ministry of Industry and Entrepreneurship Development to conduct specialised training under the National Relationship Officer (RO) Program. • Goal: To enhance the skills of field-level development officers, transforming them into Relationship Officers capable of providing holistic, practical support to SMEs. • The training, designed by Daraz, focuses on equipping ROs with knowledge of digital platforms and e-commerce to guide SMEs in building their online presence and expanding reach nationwide. • Initial Training: The first batch saw 53 field officers from across the island participate in the session held at SLIM, Colombo. • Context: This program aligns with the National SME Development Strategic Framework, supporting SMEs—deemed the "backbone of our economy"—to embrace digital tools and contribute more significantly to national progress.
SL Tourism Taps Japan Market at JATA Expo 2025 📈
• Sri Lanka Tourism successfully participated in the JATA Tourism Expo 2025 in Nagoya, Japan (Sept 25-28), one of Asia’s premier travel trade events, which attracted 127,677 visitors. • The Sri Lanka Pavilion was organized by the SLTPB and showcased offerings from 15 Sri Lankan tourism stakeholders. • Key activities included vibrant traditional dance performances and the serving of Ceylon tea, which was widely appreciated by Japanese attendees. • Japan is noted as a top primary and high-potential tourism source market for Sri Lanka. • Tourist Arrivals from Japan reached 28,799 as of September 2025. • This figure marks a significant 29.4% increase in Japanese arrivals compared to the same period in the previous year, highlighting the market's strong potential.
MBFWSL 2025: Defining the South Asian Voice in Global Fashion 👗
• Mercedes-Benz Fashion Week Sri Lanka (MBFWSL) 2025 returns as the flagship event of the 16th Sri Lanka Design Festival (SLDF), powered by AOD. • Key Focus: Exploring intelligent luxury, emphasizing design grounded in craftsmanship, technology, and sustainability, and moving beyond seasonal trends. • The platform aims to define a distinct "South Asian aesthetic" and strengthen regional collaborations, positioning Sri Lanka as a creative hub within South Asia. • MBFWSL acts as a crucial gateway, connecting South Asian creative talent (e.g., Amesh Wijesekera) to the international fashion stage, including events like Mercedes-Benz Fashion Week Berlin. • SLDF and AOD continue their legacy of two and a half decades, bridging design education, industry, and innovation to drive the island's creative industries. 💡
SL Fintech Forum Marks 1st Year: Targets Less-Cash Economy! 🚀
• The Fintech Forum Sri Lanka celebrated its 1st anniversary and inaugural AGM, successfully uniting the fragmented financial ecosystem, including banks, NBFIs, fintech companies, and regulators. • National Goal Defined: The industry has agreed on a shared target to reduce the country’s cash in circulation-to-GDP ratio from 4.5% to 3.5% within three years, aiming for a less-cash economy. • The milestone was capped by the successful Sri Lanka Fintech Summit 2025, which secured industry-wide consensus and attracted global fintech leaders. • Future Focus: The Forum is now focusing on building international partnerships, driving financial inclusivity, and positioning Sri Lanka as a regional fintech centre of excellence. • Regional collaboration is driven through the Asia Fintech Alliance, connecting SL with 14 other Asian fintech associations to boost visibility and investment. • The initiative to build talent was launched through the Finnovation Lab, mentoring over 200 interns and students. • With support from LankaPay and policy guidance from CBSL, the groundwork is set to align industry initiatives with the national digital agenda.
AI: Sri Lanka's Catalyst for Digital Transformation 🚀
• The discourse positions Artificial Intelligence (AI) as Sri Lanka's opportunity to leapfrog traditional development barriers and accelerate its national digitisation drive. • Digital Economy Status & Targets: • Current Value: $\sim\$ 3.47$ Bn (4.37% of GDP). • ICT/BPM Revenue Target: Grow from $\$$ 1.2 Bn to $\$$ 5 Bn by 2030. • ICT/BPM Workforce: Projected to expand to 300,000 by 2024 (from 125,000 in 2018). • Government Commitment: The 2025 Budget allocated Rs. 3 Bn for digital transformation programs, building on the Rs. 1.5 Bn set aside in 2024 for a national AI strategy. • Readiness: Sri Lanka currently ranks 95th out of 193 countries in the Government AI Readiness Index, an improvement of 10 places in one year. • Key Application Areas: AI is seen as crucial for streamlining complex tax systems, speeding up public service delivery (via virtual assistants), and enhancing efficiency for SMEs and sectors like agriculture, healthcare, and logistics. • Local Innovation: Sri Lankan firms (e.g., hSenid with Sprout AI) and academia (e.g., Sinhala-language AI models from UoM) are developing homegrown solutions tailored to local needs. • Challenges: Success depends on addressing the digital access gap (nearly 50% of the population lacks reliable internet) and ensuring strong data governance and regulatory frameworks.
🇮🇹 Sri Lanka Tourism Shines at TTG 2025 in Italy 🚀
• Sri Lanka made a strong presence at the TTG Travel Experience 2025 in Rimini, Italy's leading B2B travel fair, with a delegation including 24 Destination Management Companies (DMCs). • The focus was on promoting Sri Lanka as a diverse, sustainable, and high-value destination, featuring wellness, cultural, adventure, wildlife, and experiential tourism. • Market Performance Boost: Italy remains a key source market, showing a record 33% increase in tourist arrivals for the first three quarters of 2025 compared to the same period in 2024. • This growth significantly surpasses the overall national tourist arrival increase, which stood at 16.2% for the same period. • The event provided a vital platform for partnership building, attracting high interest from travel professionals and buyers seeking authentic Asian destinations.
📈 CISI Chair: High-Skilled Workforce Key to SL's Financial Future
Chartered Institute for Securities and Investment (CISI) Chair Michael Cole Fontayn highlighted that Sri Lanka’s high-skilled professional workforce and strategic location are key drivers for growing opportunities in the financial services sector. • CISI Global Footprint: Sri Lanka is CISI's largest operational hub outside the UK, playing a crucial role in supporting the organization’s global reach. • Strategic Partnerships: The visit focused on building capacity through partnerships, including a recent MoU with the Association of Accounting Technicians and a collaboration with the University of Colombo to enhance professional pathways for graduates. • Industry Focus: CISI is actively working with local partners, including the SEC, to upskill local talent and explore themes such as sustainable finance and ethical AI. • Economic Context: The move supports Sri Lanka's aim to position itself as a regional financial hub. This follows a World Bank review noting significant economic stabilization efforts, including a fiscal adjustment equal to nearly 8% of GDP since 2021. • Future Engagement: CISI encourages Sri Lankans to pursue lifelong learning in finance, with the organization set to celebrate its 15th year in Colombo in 2026.
🚢 HIP Volumes Surge 151% Amidst Regional Hub Expansion!
• Hambantota International Port (HIP) has seen a massive surge in cargo volumes, recording a 151% Year-on-Year (YoY) increase up to September 2025. • Total throughput for the period reached 6.03 Million MT (up from 2.40 Million MT last year). • Key Drivers: Strong growth was noted in vehicle transshipment, which rose 26% YoY. The port also saw gains in bunkering, LPG throughput, and energy services. • Operational Management: The growth was sustained despite operational challenges and yard congestion following the lifting of the local vehicle import ban. HIP optimized yard allocation, increased stevedore manpower, and secured additional space to maintain productivity. • Strategic Investments: HIP invested US$ 41 Million in cranes in late 2024, significantly boosting container handling capacity to 1 Million TEUs annually. • The port is solidifying its position as a comprehensive multipurpose maritime hub to support Sri Lanka's broader trade, energy, and logistics goals.
📈 Sri Lanka Tea Exports Surge: Earnings Up 10% YoY (Jan-Sep 2025)
• Sri Lanka’s tea exports earned US$ 1.16 Bn for the January-September 2025 period, a strong 10% YoY increase over the US$ 1.06 Bn earned in the comparable period last year. • Cumulative export volume for the nine months rose 9% YoY to 198.3 Mnkg. September alone recorded a 20% YoY volume increase, reaching 23.7 Mnkg. • The FOB value improved to US$ 5.86 per kg (vs. US$ 5.81 per kg in 2024). Value addition saw positive traction, rising to 58% of total exports (up from 54%). • Key value-added segments driving growth include Instant Tea (+25% YoY) and Tea in Packets (+21% YoY). Tea Bags grew 6% YoY, accounting for 10% of total volume. • Top Markets & Growth: • Iraq remains the largest buyer at 30 Mnkg (+24% YoY). • Libya recorded massive growth, soaring 154% YoY to 15.9 Mnkg. • Turkey volumes rose 14% to 15.2 Mnkg. • Russia (-10%) and UAE (-18%) saw declines in volume.
🇱🇰 SSP Production Project: Strong Investor Interest Noted
• The Ministry of Industries and Entrepreneurship Development has concluded its call for investors to establish a new Single Super Phosphate (SSP) production plant. • This initiative aims to bolster domestic fertilizer production capacity. • A significant number of proposals were received from potential investors, indicating strong interest in the project. • This development is a key step towards enhancing local industrial output and supporting the agriculture sector.
📈 Sri Lanka's Largest Grid Substation Completed at Habarana
• The landmark 220/132/33 kV Habarana Grid Substation, valued at Rs. 5 Bn, has been successfully completed by Siemens and DIMO. • This greenfield project is officially Sri Lanka’s largest, significantly strengthening the nation’s Grid Infrastructure. • Partnership: Siemens served as the turnkey contractor (engineering, SCADA, protection), while DIMO was the principal subcontractor (civil and electrical works), underscoring their 70-year collaboration in the Power Sector. • Impact: The substation establishes a vital transmission hub, improving interconnections and transfer capability across the North, East, and Central regions. It also reduces transmission congestion and fortifies voltage stability. • Future Growth: It anchors strategic expansion corridors (e.g., Habarana–Kappalthurai) and is positioned to integrate future renewable energy generation and support the nation's industrial expansion. • The large-scale project was completed within the contractual timeframe and was honoured for safety excellence.
📈 SL-Built FinTech WealthOS Powers Major UK Wealth Migration
• London/Colombo-based WealthOS, Sri Lanka's only B2B FinTech SaaS business, successfully powered the migration of 126,000 UK ISA and Junior ISA accounts. • The migration transferred accounts for The Children’s ISA (TCI) from Embark (FNZ) to its client, Quai Digital. • The total value migrated represents £ 80 million in assets. • The overall migration program took just five months (after TCI selection), with the physical data and asset transfer completed in a rapid four weeks, showcasing the efficiency of the Sri Lankan-built technology. • This is noted as one of the largest migrations out of FNZ to date and was executed using an innovative "all-in-one" transition, moving away from the standard phased industry approach. • WealthOS enabled clients to go to market significantly faster, launching a new tax wrapper, JISA proposition, and migrating all 126,000 accounts in just three months. • This achievement strongly validates Sri Lanka's capability in the ICT/BPM sector for building advanced, scalable software solutions for one of the world's largest wealth management markets.
🇱🇰 Esports Makes Historic Debut at Asian Youth Games 2025 🎮
• Sri Lanka Esports athletes are set to make a historic national debut at the 3rd Asian Youth Games 2025 in Bahrain, where Esports will be featured as a medal event for the very first time. • Representation: The team, selected via official qualifiers, will compete across multiple titles: Rocket League Girls, eFootball Boys, and Street Fighter Boys. • Athletes: The contingent includes W.L.A. Sayuni Sadushika (Rocket League Girls) and M.A. Haiyan Aqwam (eFootball Boys and Street Fighter Boys). • Significance: This inclusion reinforces the legitimacy of Esports as a professional discipline and a registered sport under the Ministry of Youth and Sports, opening new international platforms for Sri Lankan youth. • Key Partners: Long-standing partner Dialog Axiata powers the national team, while Gamer.LK continues to lead the development of the local Esports ecosystem.
BYD Announces Largest-Ever Recall of Over 115,000 EVs 🚗⚠️
• Chinese automaker BYD has initiated its largest vehicle recall to date, affecting over 115,000 Tang series and Yuan Pro vehicles. • The recall, filed with China's market regulator, is due to design defects and battery-related safety risks, impacting cars produced between 2015 and 2022. • Recall Breakdown: • 44,535 Tang series (2015-2017): Cited for component design flaws potentially causing abnormal function. • 71,248 Yuan Pro EVs (2021-2022): Cited for manufacturing issues affecting battery installation and overall safety. • This action follows a January recall of 6,843 Fangchengbao Bao 5 plug-in hybrid SUVs due to fire risks, and a September 2024 recall of nearly 97,000 Dolphin and Yuan Plus EVs related to steering control unit manufacturing faults.
🇱🇰🇮🇳 Digital Health Ecosystem: SL Focuses on National Electronic Health Record (NeHR)
• Sri Lanka and India co-hosted a key event on Digital Health ecosystems, held on the sidelines of the 78th WHO-SEARO Meeting in Colombo (Oct 13-15), reaffirming regional commitment. • National Strategy: The Sri Lanka Digital Health Blueprint (endorsed 2023) is now in the operationalisation phase. Its central aim is to create a National Electronic Health Record (NeHR), working towards a "single, shared digital health record for every individual." • Progress: Significant transformation has been made, including: • Digitising 135 hospitals across the country. • Integrating multiple public health programs. • Establishing a national drug information system. • Regional & International Support: Sri Lanka is leveraging lessons from digitally matured counterparts like India (via its Ayushman Bharat Digital Mission/ABDM) and Thailand. Financial and technical support is provided by WHO, ADB, World Bank, and others. • Challenges: Minister noted critical areas needing continuous investment: addressing the limited number of IT professionals within the Health Ministry, capacity building, system interoperability, and ensuring robust data security and privacy.
NTB Pushes Digital Payments at CBSL's "Pay Digital" Dambulla Drive 📱
• Nations Trust Bank (NTB) was an active partner in the Central Bank of Sri Lanka's (CBSL) "Pay Digital" Initiative held recently in Dambulla. • Objective: The drive is focused on promoting the use of safe and effective cashless digital payment methods nationwide to foster economic progress. • NTB's Contribution: The Bank demonstrated its digital banking capabilities, showcasing solutions like the Nations Direct and FriMi mobile apps, and offered instant account openings to visitors. • Context: The Dambulla event is the third in the CBSL's series, which previously kicked off in Hambantota and Nuwara Eliya. • Attendance: The initiative was attended by key officials, including CBSL Governor Dr. Nandalal Weerasinghe.
Colombo Port Targets Record 8.2 Mn TEUs in 2025 🚢
• The Colombo Port is projected to handle a record 8.2 million twenty-foot equivalent units (TEUs) this year, driven by the rapid ramp-up of operations at the new West Container Terminal (WCT). • This forecast volume is approximately 5.4% higher than the 7.78 million TEUs handled in 2024, a figure which already exceeded the Port’s maximum capacity of 7 Mn TEUs. • Capacity Expansion: The total Port capacity is expected to more than double, targeting 15 million TEUs by 2026, up from the current capacity constraints. • Transshipment Performance (2024): Transshipment volumes rebounded strongly, rising 9.7% to 6.31 million TEUs in 2024, largely due to global shipping diversions (Red Sea via the Cape of Good Hope). • Terminal Contributions (2024): China-backed CICT handled 3.3 Mn TEUs, SLPA's JCT and ECT managed 2.4 Mn, and JKH's SAGT handled 2.0 Mn. The India-backed CWICT began operations this year.
📈 Future-Proofing Ceylon Tea: Climate Resilience & GI Certification Key
• The Sri Lankan tea industry must urgently embrace climate-resilient cultivation and Geographical Indication (GI) certification to secure its long-term sustainability and competitiveness, according to the TRI Deputy Director of Research. • Production Target: The industry's goal is to increase production from approximately 262 Mn kg (until 2024) to 400 Mn kg, requiring major advancements in technology and modernisation of farming systems. • Climate Challenge: The sector, which supports nearly 1 million people, is highly vulnerable to climate change, with shifting rainfall already causing production declines. • Adaptation Focus: Strategies include focusing on cultivar selection, shade management, and the adoption of new farming methods like tea-and-coconut intercropping and micro-irrigation to counter water scarcity. • GI Competitive Edge: Securing GI protection is crucial to prevent counterfeiting, ensure traceability, and build consumer trust. GI can assure higher market prices and strengthen international recognition, which is vital given Sri Lanka's high production costs. • Next Steps: Institutional reforms are needed to improve certification and digital traceability, building on the concluded project that aims for EU GI protection for Ceylon Tea.
📈 Visa Outlines Inclusion Drive to Strengthen Sri Lanka’s Digital Economy
Visa Sri Lanka is deepening its role in supporting the country's digital transformation by focusing on cybersecurity, data standards, and financial inclusion, according to Country Manager Avanthi Colombage. • Trust Barrier: A key challenge is the lack of consistency across public sector digital platforms, creating a trust barrier that sees citizens prefer in-person transactions for government services, unlike the private banking sector. • Global Investment: Visa has invested over $12 billion globally in the last few years towards cybersecurity and data security, operating four 24/7 global security centers. • Strategic Pillars: The company's strategy is centered on three key pillars: • Investment in security infrastructure. • Adherence to global standards (e.g., PCI DSS, ISO) by banks and fintech partners. • Advisory Support to government and banking entities on security best practices. • Inclusion Focus: Visa is committed to expanding financial inclusion through capacity-building, helping underserved communities and supporting women home entrepreneurs with business skill development for secure and profitable ventures. • Key Initiatives: Ongoing projects include a financial education program with SOS Children’s Village and SME-focused initiatives in partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB).
IRCSL Boosts Insurance Awareness in Northern Province 📈
The Insurance Regulatory Commission of Sri Lanka (IRCSL) is expanding its countrywide awareness campaign, "Insurance for All: For a Secure Future," into the Northern Province. • The initiative aims to enhance financial inclusion and improve insurance penetration by educating the public on available protection tools and consumer rights. • Key programs are scheduled for Jaffna (October 22, 2025) and Kilinochchi (October 23, 2025), following the campaign's launch earlier in the Southern Province (Matara). • Targeted Workshops: • Morning Sessions: Will focus on Government officers, bankers, SMEs, and the general public, covering life, motor, non-motor insurance, and state schemes (e.g., Agrahara, OCS). • Evening Sessions: Will target university/A/L students and teachers, featuring segments on 'Suraksha,' policyholder protection, and career opportunities within the insurance sector. • The programs are conducted in collaboration with the Insurance Association of Sri Lanka (IASL), SLIBA, SLII, and all licensed life and general insurance companies.
🚀 Sri Lanka Esports Highlights Nation at Global NGSC; Esports Nations Cup (ENC) Launched!
• Raveen Wijayatilake, President of Sri Lanka Esports, represented the nation at the New Global Sport Conference (NGSC) 2025 in Riyadh, underscoring Sri Lanka's growing stature in the global Esports community. • The event featured the official announcement of the Esports Nations Cup (ENC), a landmark, recurring nation-versus-nation tournament. • The inaugural ENC tournament is set for 2026, creating a major opportunity for Sri Lankan athletes to compete under their national flag, gain international exposure, and inspire the next generation of Esports talent. • The President noted that Esports is no longer niche, but a global movement. • Locally, Esports is officially recognized as a sport, with the Sri Lanka Esports Association (SLESA) committed to building international competition pathways while fostering grassroots growth. • Dialog Axiata sponsors the National Esports teams, and Gamer.LK serves as the Strategic Partner for SLESA.
🇱🇰 SL Surgeons Congress 2025: Tech Integration & Surgical Excellence
• The Sri Lanka Surgeons Congress 2025 (SLSC 2025) successfully convened over 400 distinguished surgeons and medical professionals from across Sri Lanka and the region from 11-13 September. • The Congress served as a dynamic forum for in-depth knowledge exchange and high-level discussions on modern surgical practice, research, and innovations. • Strategic Partner, Premium International Ltd., significantly elevated the event by showcasing cutting-edge surgical technology, reinforcing the modernization of healthcare infrastructure. • Key technological demonstrations featured globally acclaimed brands: – Erbe (Electrosurgery/Energy platform). – Shinva (OR technology/precision surgical tools). – Fujifilm (High-definition 4k Video Endoscopy technology). • The event was widely lauded for strengthening professional ties and ushering in a new era of surgical technology integration, reaffirming Sri Lanka’s position as a rising hub of surgical excellence in South Asia.
⛽ Cabinet Greenlights Rs. 1.45 Bn Kolonnawa Fuel Upgrade
• The Cabinet has approved a proposal by the Power and Energy Minister to begin procurement for a Rs. 1.45 billion (Rs. 1.45 Bn) project. • This investment is aimed at modernising fuel filling facilities at Zone 7 of the key Kolonnawa Terminal, operated by Ceylon Petroleum Storage Terminals Ltd. (CPSTL). • The government's objective is to enhance fuel distribution efficiency, safety, and capacity at one of Sri Lanka's critical Petroleum Storage and Energy Distribution sites. • The project will be implemented in three stages under an Engineering, Procurement, and Construction (EPC) contract. • Phase one focuses specifically on the construction of new filling facilities for petrol.
📈 Renewable Energy Boost: WindForce Secures Key Land Lease for 100 MW Solar Project
• WindForce PLC finalized a Rs. 50 million, 24-year land lease agreement with the Sri Lanka Sustainable Energy Authority (SLSEA) for the 100-megawatt Rividhanavi Solar Power Project. • The leased land is situated in Kotiyagala, Siyambalanduwa, Monaragala District. • This agreement completes all major project-related contracts, including the Power Purchase Agreement (PPA), Implementation Agreement, and Transmission Development Contract. • The project's effective date has been set as 10 October, marking the readiness for the commencement of the large-scale solar power initiative.
SL Eyes Global Sapphire Hub Status 💎
• The government is working to position Sri Lanka as the world’s leading sapphire hub. • This strategic aim was announced by Minister of Industry and Entrepreneurship Development, Sunil Handunnetti. • The announcement was made at the third International Research Conference of the Gem and Jewellery Research and Training Institute (GJRTI).
🇱🇰 Ogilvy SL's 'Cloud Coffee' Campaign Sets Global Ad Benchmark on TikTok 📈
Ogilvy Sri Lanka's 'Cloud Coffee' campaign for Nescafé achieved a historic milestone, becoming the first-ever case study from Sri Lanka to be featured on the TikTok for Business website. • This recognition validates the country's advertising and digital marketing potential, positioning it as a globally sanctioned presence and benchmark. • Developed by Geometry Global and Ogilvy Digital, the campaign focused on authentic, creator-led storytelling via local TikTokers to engage Gen Z and millennial audiences. • Performance exceeded all set metrics, demonstrating TikTok's efficiency as a brand-building platform: • Total video views reached an exceptional 3.4 million. • Campaign achieved 1.03 million in reach within 14 days. • Noted a sharp follower increase and 15,154 clicks on the Nescafé profile. • Crucially, the campaign delivered high efficiency, achieving a significant 69% decrease in Cost Per 1,000 People Reached (CPM) compared to the local benchmark. • The success was powered by a media strategy utilizing Spark Ads and Instant Page, executed in collaboration with Aleph Sri Lanka, the exclusive local representative for TikTok.
🚨 Temporary Halt to Key Online Govt Services Due to LGC Disruption
A disruption in the Lanka Government Cloud (LGC) has temporarily affected several vital government online services. Engineers from ICTA and the service provider are actively working to restore full service capacity. • Cause: Disruption in the Lanka Government Cloud (LGC) infrastructure. • Key Services Affected: • Birth, Marriage, and Death (BMD) Certificate System (Registrar General’s Dept). • e-Revenue License System (eRL 2.0) (Provincial Depts of Motor Traffic, except Western Province). • Police Clearance System. • Country of Origin Certificate Issuance Online System (Dept of Commerce). • Affected Websites: Includes those of the Department of Meteorology, Registrar of Companies, and SL Accounting and Auditing Standards Board. • Mitigation: The Registrar General’s Dept confirms BMD copies can be obtained manually from the original issuing Divisional Secretariat in the interim. • Outlook: Restoration is the highest priority. Future capacity and operational constraints are expected to be eased through the ongoing execution of the next phase of LGC expansion, which commenced in October 2025.