Business
No point in giving tax breaks to hotel industry without nurturing talent pool in the sector: President
There is no point in offering tax concessions to the hotel industry when they don’t have enough skilled staff to run the hotels effectively, and therefore, a concerted effort is needed to improve and nurture the talent base of the hospitality sector, President Ranil Wickremesinghe said recently.
The President made this statement addressing the Culinary Art Food Expo (CAFÉ) 2023 on 09th June 2023 at the BMICH Colombo.
“Chefs who have earned world class stars signify quality cuisine of a particular country, So more and more of our chefs should be trained to offer the kind of meals foreign tourists find it worth coming to Sri Lanka, and I propose to you that such international criteria should be included in the new tourism policy, I think we should have a proper system of grading our chefs where international cuisine is served. Why don’t we pursue international standards and give them the opportunity to master in the techniques of varied cuisines and empower them to earn stars for their dishes in order to bring the world’s attention to Sri Lankan chefs’ skills? I think when the new tourist policy is announced, it is a matter that you will have to discuss with the Ministry of Tourism,” he said.
The President said that it is the aim of the government to maximize the contribution of Sri Lanka Tourism in order to achieve the development goals of the country.
Further speaking he said,” The growth policy of the government includes tourist arrivals to double in the first stage and subsequently increase it up to 5 million. And then, we need to increase tourism earnings by attracting high-end tourists to visit Sri Lanka. Some are worried whether it is a difficult leap to make. I don’t think you have any other option. A significant number of the hotel industry human resource is leaving the country because it is more attractive to work elsewhere. We have to at least match with the remunerations paid in the Maldives to retain our hotel industry workforce. Otherwise you can’t retain the talent pool to effectively run the tourist industry.”
“The government will help hotels and associations to expand their talent pool and this has to be led by the private players. We will help by starting one school for cuisine and culinary art. I hope that the others will then follow suit. We can set up such schools in Nuwara Eliya, Bandarawela, Ella and Dambulla. Also, the government can support by getting chefs from abroad to come here and share their knowledge and experience with younger members of the profession. I would like to see some of the private entrepreneurs coming forward for this endeavour. You can’t develop the tourist industry without developing the human resource.”
“There is no point in giving tax incentives to hotels when they don’t have the required skilled talent in their kitchens. To realize the full potential of the workforce, the government is willing to collaborate with you in the next two months and announce our new policies. You will be surprised to hear the changes we are going to make in order to facilitate and empower the talent space in the tourism industry for which the support and contribution of your associations will be key,” he said.
The Chefs Guild of Lanka organized the Culinary Art and Food Exhibition which showcased the talent of culinary artists from across the country.
Business
Climate compliance pressure mounts on Lankan businesses
Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.
Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.
The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.
The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.
Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.
Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.
Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.
Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.
Business
SPAR Sri Lanka Opens New Outlet in Kurunegala
SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.
The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.
The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.
Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.
“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.
The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.
The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.
SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.
Pic and Text by SK Samaranayake
Business
Royal end title drought with dramatic shootout triumph
Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.
The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.
With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.
A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.
Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.
Royal finished runners-up when the tournament was held in Matale last year.
The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.
Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.
In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.
Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.
In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.
Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.
A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.
For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.
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