Business
Morison enters cardiovascular space by ‘Touching More Hearts’
Morison, a pioneer in the Sri Lankan pharmaceutical manufacturing industry with over 60 years of expertise, announced their entry into the cardiovascular space with the launch of three advanced promising therapies: Cilnidipine Tablets IP 5mg and 10mg, Rivaroxaban Tablets 10mg and 20mg, and Bisoprolol Tablets BP 2.5mg and 5mg, all in 30s blister packs. Cilnidipine and Rivaroxaban will be manufactured in Sri Lanka for the first time in Morison’s new state-of-the-art pharma manufacturing facility at Homagama.
The new cardiovascular portfolio includes CilniMor (Cilnidipine), a 4th Generation Calcium Channel Blocker for hypertension; BisoMor (Bisoprolol), a cardio-selective beta blocker; and RivoMor (Rivaroxaban), a direct factor Xa inhibitor anticoagulant. All medications are quality assured in compliance with pharmacopeial test parameters.
Morison marked this historic milestone with a distinctive launch event attended by leading healthcare professionals and institutional officials on 26th of February 2025, at Cinnamon Grand, with the theme of “Touching More Hearts”. The highlight of the evening was a panel discussion featuring eminent consultants representing Cardiologists, Endocrinologists and Physicians, who discussed the new therapies and their impact on Sri Lanka’s growing NCD challenges.
Dinesh Athapaththu, Managing Director, Morison Ltd said, “At Morison, we choose to take the high road. For us, it’s not just about churning out tablets. We are conscious of the fact that behind every tablet we produce is a person trusting us at their most vulnerable times. Therefore, for us it is not merely a business, but more of a responsibility we take to heart.”
Staying true to their purpose of ‘Making Premium Healthcare Affordable’, Morison is committed to providing essential medications at significantly lower prices compared to current market rates. CilniMor will be available at LKR 30.00 (5mg) and LKR 45.00 (10mg) per tablet, RivoMor will be available at LKR 60.00 (10mg) and LKR 90.00 (20mg) per tablet, while BisoMor is priced at LKR 15.00 (2.5mg) and LKR 20.00 (5mg) per tablet. The pricing strategy has the potential to save patients up to LKR 30,000+ annually, making these critical medications more accessible to Sri Lankan patients.
The launch of these therapies follows Morison’s successful introduction of EmpaMor (Empagliflozin 10mg and 25mg tablets), a diabetes medication that became the market leader within two years of launch.
Morison will continue to drive this transformative journey of building an exclusive homegrown pharmaceutical brand that is uniquely unparallel, contributing to a more self-sufficient pharmaceutical market. With deep Sri Lankan roots and the backing of Hemas Holdings PLC, the company understands the nation’s healthcare needs and is committed to delivering latest advanced therapies, combining quality and affordability, while committing to ensure integrity across their value chain.
Business
A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy
By Sanath Nanayakkare
An evolving approach to regional diplomacy was brought into sharp focus with the recent foundation-laying ceremony for the Moragahakanda Bridge in Matale.
Jointly launched by Indian High Commissioner Santosh Jha and Minister of Transport, Highways and Urban Development Bimal Rathnayake, this 175-metre span is far more than a routine civil engineering project. It serves as the physical manifestation of a broader USD 450 million reconstruction package deployed by India in the wake of Cyclone Ditwah, which severely fractured the island’s transport arteries.
Foreign aid is too often discussed in cold, macroeconomic abstractions. Yet, every so often, a consistent pattern of targeted assistance alters the landscape of bilateral relations, offering a clear window into how regional partnerships evolve out of necessity and goodwill.
Across the country today, a remarkable narrative of multi-layered cooperation is unfolding.
From critical post-disaster infrastructure and maritime routes to grassroots agricultural uplift and institutional capacity-building, India’s developmental footprint is shifting unmistakably toward an organic, people-centric model of shared resilience.
What distinguishes this latest wave of assistance is its deliberate pivot from emergency support to permanent, climate-resilient transformation. When Cyclone Ditwah initially paralysed regional connectivity, India’s immediate response was marked by the rapid deployment of temporary Bailey bridges.
Today, that swift humanitarian intervention has matured into a structural blueprint: the Moragahakanda project stands as the vanguard of 13 permanent bridges being built across Sri Lanka’s provinces by IRCON International Limited, complemented by upcoming railway upgrades and modern signaling systems backed by a USD 250 million Line of Credit.
The true signature of this diplomatic shift lies in its breadth, operating simultaneously across multiple tiers of society:
Institutional Governance: Delegations of Sri Lankan parliamentarians and senior administrative officers regularly travel to India to study public policy frameworks, legislative systems, and administrative practices.
Economic Lifelines: Financial mechanisms, such as viability gap funding for the Nagapattinam-to-Kankesanthurai passenger ferry service, continue to shrink geographical distances, reviving coastal commerce and tourism.
Grassroots Empowerment: Specialised capacity-building programmes tailored for local stakeholders – ranging from state officials to rural dairy farmers -ensure that development reaches deep into the island’s hinterlands.
By aligning immediate disaster relief with long-term infrastructure, institutional capacity, and human capital, India and Sri Lanka are demonstrating how neighbours can build safer, more connected futures together, grounded firmly in mutual respect and tangible progress.
Business
Bring your own bag to book fair, CEA urges
By Ifham Nizam
The Central Environmental Authority (CEA) yesterday urged visitors to the Colombo International Book Fair to bring reusable bags to carry their purchases, as part of a drive to reduce single-use plastic waste at the event.
CEA Director General R. S. P. Kapila Rajapaksha said large quantities of plastic, particularly “sili sili” bags, had been used to carry books at previous book fairs.
“We urge visitors to bring an environmentally friendly, reusable bag when they come to buy books. This simple step can help reduce the use of single-use plastic and protect the environment,” Rajapaksha said.
The book fair opens on September 25, with the CEA and the Sri Lanka Book Publishers’ Association launching an awareness programme targeting book sellers, food vendors and visitors.
The programme will be conducted under the theme “Read Smart, Carry Smart”, focusing on reducing polythene and plastic use throughout the exhibition.
The CEA said the use of plastic bags is also subject to regulations issued under the Consumer Affairs Authority Act. Gazette Extraordinary No. 2456/41, dated October 1, 2025, prohibits the free distribution of handled “sili sili” bags to consumers. Where such bags are sold, the charge must be included in the customer’s bill.
The CEA said food outlets at the book fair would also be required to comply with regulations prohibiting a range of single-use plastic products.
These include plastic straws and stirrers, disposable plastic plates, cups, spoons, forks and knives, as well as polythene-based food wrappers commonly known as lunch sheets.
The CEA said it had discussed the requirements with relevant stakeholders and reached agreement to ensure that prohibited products are not used at food outlets within the exhibition premises.
The authority urged both traders and visitors to cooperate with the initiative and help make this year’s book fair a more environmentally responsible event.
Business
Japanese investor Yoshimichi Watanabe backs Hunas Holdings
Partnership signals renewed foreign investor confidence in Sri Lanka as a destination and in the long-term growth of its hospitality sector
Japanese investor Yoshimichi Watanabe has entered into a partnership with Colombo Stock Exchange-listed Hunas Holdings PLC, in a move that comes as the diversified conglomerate prepares a significant expansion of its hospitality and real estate interests in Sri Lanka.
The partnership brings foreign capital and international market experience into one of Sri Lanka’s fastest-diversifying listed groups at a point when the Group is actively building out its pipeline across both sectors. Hunas Holdings is currently evaluating a series of hospitality and real estate developments in Sri Lanka, with further announcements expected in the coming months.
Hunas Holdings PLC operates across hospitality and leisure, real estate, renewable energy and agriculture, with a hotel portfolio that includes Hunas Falls in Elkaduwa
For Sri Lanka, the significance of the partnership extends beyond the two parties. Inbound investment of this nature, from an investor with direct and sustained experience of the market, is a measure of returning confidence in the country as a destination and in the underlying fundamentals of its hospitality sector, at a time when the industry is repositioning towards higher-value, experience-led travel.
Watanabe brings investment experience across e-commerce, hospitality and real estate in Japan and in international markets including Bali, Indonesia. He has also maintained a relationship with Sri Lanka over many years, having made multiple investments in the country, giving him first-hand insight into its business environment, regulatory landscape and long-term potential.
-
News6 days agoUS embassy won’t comment on IGP’s probe into joint drug raid
-
News4 days agoShanakiyan urges urgent action over reported death sentence for Lankan in Saudi Arabia
-
News5 days agoBid for Basil’s extradition nears final stage: Police
-
News3 days agoNamal Rajapaksa Buddhist gambit fails, bail denied
-
Business6 days agoAll-new Bolero MaXX unveiled in Sri Lanka
-
Features3 days agoWhy the spelling Sri Lankan names in English vary
-
Opinion6 days agoA journalist who wrote across the divide
-
Features3 days agoThree bands, a new identity: Sri Lankan wolf snake recognised as distinct species
