Business
More tourist traffic predicted from SL to Singapore with the onset of economic stability
By Hiran H.Senewiratne
Sri Lanka’s economy will become more stable in the future and that would enable more Sri Lankans to visit Singapore, which has plenty of things to offer Sri Lankan tourists, Regional Director, Singapore Tourism Board for India, Middle East and South Asia G.B. Srithar said.
“We are here to re-engage with Sri Lankan travelers and warmly welcome them back to Singapore by increasing the number of flights to Singapore. The City State is fully open and welcomes visitors from all over the world, Srithar told a media forum held recently in Colombo organized by Singapore Airlines’ General Sales Agent in Sri Lanka, Aitken Spence Aviation.
Srithar stressed that Sri Lanka is an important market for Singapore tourism given the strong connections the relevant peoples have made, culturally, economically and politically for many decades. Singapore is one of two countries to offer Sri Lankans 30-day visas on arrival, the other country being the Maldives.
Srithar, who last visited Sri Lanka in 2017, revealed that Singapore saw the highest tourist arrivals from Sri Lanka, numbering 114,000 in 2018 before declining to around 99,000 in 2019. A lifting of Covid-linked restrictions in 2022, saw a pick-up in travel to Singapore with 36,000 visitors from Sri Lanka.
“We are confident of numbers increasing in 2023. The average length of stay has seen a welcome increase to 7.2 days from 4.4 days in 2019. This means Sri Lankans are staying longer and enjoying the Singapore experience. We want more Sri Lankans to come and do the same, Srithar said, pointing to Sri Lanka too experiencing improved stability after its economic crisis of last year.
“Airfares may likely come down with the increase in flights to Sri Lanka. The Boeing B787-10s Dreamliner flights are fitted with 337 seats across two classes (36 lie-flat seats in Business Class on 1-2-1 seating configuration and 301 seats in Economy Class on 3-3-3 seating configuration). Compared to the previously operated Airbus A350, the Boeing B787-10 brings 34 more seats, he added.
Speaking of new attractions, Srithar said Singapore now has a Museum of Ice Cream, while on May 8, a brand new Bird Paradise will be opened within Mandai wildlife reserve in Singapore, which also has a zoo, Bird Park and a Night Safari. He also revealed that for the first time Singapore will have a Disney Cruise available year-round for five years from 2025.
Previously Singapore Airlines had been operating an Airbus A350 and from recently it deployed the 337-seat Boeing B787-10 Dreamliner, which increased seat capacity by 11 per cent in addition to extra cargo space, sources said.
Singapore Airlines General Manager, Sri Lanka, Zac Liew said that the airline will increase frequency from the current 4 times a week to daily from October, given the rebound in air travel between Colombo and Singapore.
“The daily frequency would mean SIA’s capacity is reverting to almost pre-COVID levels. It used to operate 9 flights per week. SIA expresses the hope that it could further expand capacity as well in tandem with demand, he said.
“Sri Lanka is one of our important markets and we have been in operation for 53 years with Aitken Spence as our General Sales Agent. We are glad to expand our services in Sri Lanka and thereby support the revival in tourism, Zac said.
As part of this renewed push in Sri Lanka, Singapore Tourism Board along with SIA met with over 70 travel agents in Sri Lanka. It was Singapore Tourism Board’s first engagement with the travel industry in post-COVID times.
Business
Ceylon Chamber Re-elects Chairperson Krishan Balendra at 187th AGM
The Ceylon Chamber of Commerce announced the re-election of Chairperson Krishan Balendra and the election of its Board for the Year 2026/27 at the Chamber’s 187 th Annual General Meeting on June 25. High Commissioner of Britain to Sri Lanka, Andrew Patrick, attended as Chief Guest.
The 2026/27 office-bearers are Chairperson Krishan Balendra, – Chairperson John Keells Holdings PLC, Vice Chairperson Bingumal Thewarathanthri – CEO, Standard Chartered Bank Sri Lanka, and Deputy Vice-Chairperson Vinod Hirdaramani – Chairman, Hirdaramani Group.
Jayanthi Dharmasena – Managing Director, Hayleys Agriculture Holdings Ltd., Kasturi Chellaraja Wilson – Chief Operating Officer, Head of APAC – 5Hour International Corporation Singapore, Shibani Thambiayah – Managing Director, Renuka Hotels PLC,Supun Weerasinghe – Director/Group CEO – Dialog Axiata PLC, and Shiran Fernando – Secretary-General and CEO will serve as Board Members. Rohana Dissanayake – Group Chairman and Managing Director of David Pieris Motor Company Pvt. Ltd. will also join the Board, replacing Bernhard Stefan – Managing Director – Nestlé Lanka PLC, who relocated overseas.
In his remarks, Balendra noted that over the past year, the Chamber adopted a more solutions-oriented approach to advocacy, focusing not only on identifying challenges but also on developing constructive recommendations in collaboration with government, industry stakeholders, and development partners, with this approach yielding stronger results. “Through our engagement in the Budget 2026 process, eighteen recommendations proposed by the Chamber were incorporated into the national budget, covering areas such as trade facilitation, investment promotion, digitalisation, infrastructure, and improving the ease of doing business.
This builds upon the strong momentum established in previous years and demonstrates the value of evidence-based, constructive engagement.
The Chamber also contributed to addressing emerging global trade challenges, including tariff-related issues affecting Sri Lankan exports. By representing private sector perspectives in Presidential Committees, we supported efforts to safeguard export competitiveness and strengthen trade resilience.”
Beyond advocacy, it significantly expanded its engagement footprint, strengthening bilateral partnerships across more than twenty countries, and supporting more than 1,800 SMEs through training, advisory services, and market access initiatives.
He added that over the next year, the Ceylon Chamber is committed to deepening engagement with members, strengthening global partnerships, enhancing support for SMEs, and accelerating efforts to promote exports and attract investment, and is committed to working with the Government and stakeholders to ensure a resilient and prosperous Sri Lanka.
Business
Kandy’s singing couple striking a harmonious chord
In the hill capital of Kandy, a husband-and-wife duo has won the admiration of music lovers with their shared passion for singing and their dedication to the art.
Vijitha Kingsley Bandara and Umesha Kalhari Navaratne have become familiar voices among audiences in Kandy, entertaining crowds with their musical talents while building a reputation as a versatile singing couple.
Kingsley began his musical journey at the age of 17, performing at outdoor musical shows before gaining opportunities to showcase his talent at several hotels in the Kandy area. His performances for local and foreign tourists further enhanced his reputation as a singer. He later took his musical talents overseas, entertaining audiences in several countries.
For the past 12 years, Kingsley has been engaged in singing at establishments operated by the Devon Group and The Grand Kandyan Hotel in Kandy, following an opportunity extended by Group Chairman Gamini Weeraratne.
Supporting him both in life and music, Umesha has also established herself as a singer, performing at Devon establishments. She also runs a home-based cake-making venture.
The couple, who continue to receive appreciation from music enthusiasts, said they are ready to accept invitations to perform at musical events across the country. They can be contacted on 071-1519130.
Text and Pic by SK Samaranayake
Business
ComBank unveils GIG+ for Lanka’s digital workforce
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured banking account.
ComBank GIG+ reflects a decisive shift in the country’s employment landscape, where a growing number of professionals are leveraging global digital platforms and remote work opportunities to build independent income streams. From freelance service providers operating on platforms such as Fiverr, Upwork and Freelancer.com, to content creators monetising audiences across YouTube, TikTok, Meta and X, this segment represents a dynamic and increasingly influential contributor to foreign exchange inflows.
ComBank GIG+ is tailored to meet the specific needs of these digital earners, offering account options in Sri Lanka Rupees as well as major foreign currencies including USD, EUR, GBP and AUD. The account is available to Sri Lankan citizens aged 18 and above residing in the country, as well as duly registered business entities, subject to verification of foreign currency income derived through recognised digital and remote work channels.
Commenting on the introduction of ComBank GIG+, Hasrath Munasinghe, Chief Operating Officer of Commercial Bank said: “The rise of independent digital earners represents a structural shift in how value is created and exported from Sri Lanka. With ComBank GIG+, we are establishing a banking framework that not only recognises this segment, but also integrates it more meaningfully into the formal financial system. This enables individuals and businesses operating beyond traditional employment models to build a verifiable financial track record, access formal financial services, scale their operations, and contribute more visibly to the country’s economic growth.”
The launch of ComBank GIG+ is particularly timely following Sri Lanka’s recent enablement of PayPal linked withdrawals, which has simplified the process of bringing overseas digital earnings into the country.
In addition to facilitating PayPal-linked withdrawals and foreign currency inflows, the Bank said the ComBank GIG+ account offers a range of value-added benefits including first-year fee waivers on credit cards and digital banking services, preferential foreign exchange rates for qualifying conversions into Sri Lanka Rupees, and the opportunity to establish a structured banking relationship that may support future access to financing and other financial solutions. These features are designed to enhance financial efficiency while supporting the day-to-day banking needs of digitally active customers.
By aligning its product innovation with evolving global work patterns, Commercial Bank continues to strengthen its position as a forward-looking, technology-driven institution. The introduction of ComBank GIG+ underscores the Bank’s commitment to supporting new economic segments, enhancing financial inclusion, and enabling Sri Lankan talent to participate more effectively in the global digital economy.
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