Business
Conflicting around ‘Island of Treasures’
Veteran Film Director Tissa Liyanasuriya who introduced Malini Fonseka to Cinema turned 80 on 17th January 2026. Among his medals of Cinematic honors is Island’s 1st full length colour movie ‘Ranmuthu Duwa’ (Island of Treasures). He was the deputy of director Mike Wilson & the movie was jointly produced by Shesha Palihakkara & Sir Arthur C. Clarke in 1962. It was an action adventure centered on the discovery of a sunken, cursed treasure near Trincomalee. Bandu (played by Gamini Fonseka) seeks to recover the treasure to build a temple, while a villainous gang pursues it for greed (Ref. Cinema history). Though some feel that Sri Lanka was cursed since 1948, in the 4th century AD Sri Lankans have had a stable economy with strong trade relations with Great China. Thus Sri Lankans renamed Trincomalee as ‘China Bay’ (Cheena Varaaya) & Chinese chronicles have referred to Sri Lanka as the Island of Treasures (Ref. Mahavansa).
Fueling to fish the treasures.
The international day for the fight against illegal, unreported & unregulated fishing falls on 5th June. In June 2023 when Sri Lankan government had difficulties to support fishing communities due to economic obstacles, China extended support by granting LKR 1.5 billion worth of humanitarian assistance. It included a prefabricated housing scheme, fishing equipment, & packs of rice for fishing communities in North & East. China also donated kerosene to 27000 fishing boats throughout Sri Lanka (150 liters per boat). These three assistance packages of LKR 500m each was the largest offered by China in the two provinces in post 2009 period (Ref. Media). Prior to 2009 during the 30 year conflict China always worked with respective governments & the armed forces to maintain stability in Sri Lanka.
Solid & Liquid stability
Though some believe that Indian society hasn’t helped fisher folks in North & East due to caste issues, conflict analysts might say that they helped develop grass root military skills before the northern railway line was blown off. However, as a stable Sri Lanka with a stable North & East are politically important for India, after 2009 India supported to reconstruct the iconic ‘Yaldevi’ railway line (destroyed in mid 1980s) & to reconstruct houses in the North & East. Though Indian support on solid land is respected, some feel that Indian actions on liquid (ocean) fluctuated especially due to fishing conflicts with bottom trawling etc.
It isn’t clear if PM Modi gave a signal to Sri Lankans when he sang ‘Suranganita Maalu Genva’ with his soldiers but it was indeed a pleasant surprise for Sri Lankans. However, the 29th January assault incident (where Indian officials were blamed for assaulting Lankan fishermen on Lankan waters) may not have been a surprise. Though Indian authorities denied the charges (Ref. Media), it will be a challenge to fish without conflicts especially in the northern waters. It may increase when Sri Lanka involves more with the Belt & Road Initiative (BRI) of China. One way to mitigate risk would be to invite rich Indians to connect with the BRI via Sri Lanka. In the recent months Chinese made vehicles have increased on Sri Lankan roads. One might know that some are imported by entities with Indian interests. Sri Lankans will have to be mindful to avoid a repetition of a ‘Sena & Guttika’ era where two Indian horse traders were able to rule the island for a decade. Even if that happens, China may be the last line of defense as always (Refer. 25 centuries of recorded history). Managing both for Sri Lanka’s benefit is the challenge.
Views expressed are personal/ Photo source www.
By Prof. Samitha Hettige
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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