Business
SAGT enhances positioning of Port of Colombo within international supply-chain
South Asia Gateway Terminals (SAGT), in the Port of Colombo, launched its Sustainability Report 2020/21- “Bringing the World Closer. Investing in a greener future”. This is the second consecutive report published by SAGT and details the company’s sustainability performance during the financial year 2020/21. It remains the only formal report published by a terminal operator in the Port of Colombo and in doing so, the report further enhances the positioning of the Port of Colombo within the international supply-chain.
With a strong commitment to driving a sustainable business, the report reflects SAGT’s approach to embed Environmental, Social and Governance (ESG) standards to its core business operations towards driving its triple-bottom-line performance. All sustainability information is gathered and published based on the Global Reporting Initiative (GRI) Standards ‘Core’ option and in full adherence to GRI principles. Thereby, key sustainability themes such as materiality, stakeholder inclusiveness and sustainability context, are derived based on GRI principles. In line with global best practice, the SAGT Sustainability Report 2020/21 and the data presented has been independently assured by DNV GL.
The Port of Colombo showed great resilience and innovation from the onset of the pandemic and continued to offer uninterrupted services to global shipping lines and port users in Sri Lanka by ensuring the unhindered movement of cargo through and to/from the Port. SAGT was quick to respond to minimizing personal contact which was the primary need of the hour – and was at the forefront of revolutionizing the traditionally paper-based import clearance process, by introducing a simple digital process to instantaneously offer importers the convenience of processing import documentation from the safety of their offices or homes. The company also introduced dedicated staff transport, participated fully in the Government’s vaccination drive for essential services, implemented other social distancing and sanitization procedures and a work from home policy for some categories of office staff.
Amidst the uncertainty and challenges brought upon by the pandemic, SAGT continued its efforts to drive and enhance its sustainability initiatives. During the year in review, Team SAGT was successful in reducing its carbon footprint by 3% (excluding electricity consumption of customer owned and operated refrigerated containers) mainly through forging ahead with an investment of over Rs 1.3 billion in the conversion of 24 Rubber Tyred Gantries (RTGs) to cutting edge Japanese hybrid technology. The company furthered its commitment to environmental conservation by pledging to reforest and maintain a further 4 acres of land at the Yagirala Forest Reserve.
Furthering its commitment to operational efficiencies, during the year 2020/21 the company confirmed an order for two new Ship-to-Shore quay cranes with twin lift capabilities to be delivered in April 2022 and commissioned 46 new intra-terminal prime movers during the year – at a combined investment of over Rs 4.0 billion.
Business
SriLankan Airlines Enhances Australia Connectivity with 14 Weekly Flights
11 March 2026; Colombo – SriLankan Airlines is set to increase its weekly service between Colombo and Melbourne to 10 flights, effective from 2 August 2026, with the addition of three more scheduled flights in response to growing demand and evolving market dynamics. The expansion reinforces the airline’s commitment to strengthening its footprint in Australia, recently identified as one of the fastest-growing inbound tourism markets to Sri Lanka, driven by leisure travel and a rising volume of visits by family and friends.
The newly added flights will operate every Tuesday, Thursday and Sunday, departing Colombo as UL608 at 14:10 hrs and arriving in Melbourne at 04:30 hrs the following day. The return service, UL609, will depart Melbourne every Wednesday, Friday and Monday at 06:00 hrs, arriving in Colombo at 12:15 hrs the same day, offering convenient onward connections across the airline’s network. The schedule is designed to maximise time spent in Sri Lanka for leisure travellers while enhancing connectivity for passengers travelling onwards to India via Colombo.
In addition to the new frequencies, the airline will continue operating its daily service, UL604, departing Colombo at 00:20 hrs and arriving in Melbourne at 14:40 hrs, with the return service UL605 departing Melbourne at 16:10 hrs and arriving in Colombo at 22:25 hrs. These services provide seamless connectivity to key destinations across India and beyond.
This addition of flights will provide Sri Lankans with better options when choosing flights between the two countries and enable them to plan their travel more conveniently. The increased frequency will be especially beneficial for the Sri Lankan diaspora living in Australia, providing greater flexibility to visit family and friends while maintaining strong connections with their homeland.
Additionally, Sri Lankan students studying in Australia will find these enhanced services advantageous, as the expanded schedule accommodates academic calendars and holiday breaks, making it easier to travel home and return to their studies. Overall, improved connectivity supports both the expatriate community and students by offering more convenient and accessible travel options tailored to their needs.
The increased frequencies will further strengthen Colombo’s role as a regional hub, enabling Indian travellers to seamlessly connect via Sri Lanka to Melbourne, with convenient schedules and efficient onward connections. For more information and bookings, visit www.srilankan.com or follow us on our social media.
Business
Nestlé Lanka marks 120 years of nourishing Sri Lankan families and livelihoods
Nestlé Lanka Limited this year marks 120 years of operations in Sri Lanka, highlighting a century-long presence that has extended beyond food manufacturing to supporting farmers, communities, youth employment and environmental sustainability.
Established in 1906, the company has grown into one of Sri Lanka’s leading food and beverage manufacturers, today producing more than 90% of the products it sells locally. Over the decades, Nestlé Lanka has built a strong domestic footprint through local sourcing, long-term farmer partnerships and continued investment in manufacturing.
Through widely recognised brands such as Nestomalt, Milo and Maggi, the company has become a familiar presence in Sri Lankan households, offering products designed to meet local nutritional needs. Many of its products are fortified with micronutrients aimed at improving dietary intake, while brands such as Milo and Nestomalt have also supported youth sports and active lifestyles in the country.

Nestlé Lanka’s engagement with local agriculture has also played a role in strengthening rural livelihoods. The company works closely with dairy and coconut farmers, providing technical assistance, skills development and reliable market access as part of its responsible sourcing efforts.
The company has also expanded programmes aimed at improving youth employability. Through the “Nestlé Needs YOUth” initiative, young Sri Lankans are provided with access to training, learning and career opportunities. Partnerships with organisations such as BConnected have also helped promote inclusive employment opportunities for people with disabilities.
Sustainability has become an increasingly central focus of the company’s operations. Nestlé Lanka’s manufacturing facility in Kurunegala operates on 100% renewable electricity, while a biomass boiler commissioned in 2024 has helped reduce carbon emissions from manufacturing. The company aims to achieve net-zero carbon emissions by 2050.
Efforts to reduce environmental impact have also extended to packaging. Nestlé Lanka pioneered the shift from plastic to paper straws in aseptic beverage cartons in 2019 and supported the establishment of Sri Lanka’s first recycling plant for such cartons. The company aims to become fully plastic neutral by 2026.
Chairman and Managing Director Bernie Stefan said the milestone reflects the long-standing trust Sri Lankan consumers have placed in the company and the partnerships it has built across the country over generations.
By Sanath Nanayakkare
Business
Over a century of Business History goes to the National Archives
The Ceylon Chamber of Commerce has formally handed over its historical records to the National Archives Department of Sri Lanka, placing over a century of the nation’s commercial history into the care of the country’s official custodians of heritage.
The historical archive being handed over spans from the Chamber’s founding in 1839 to 1973, and includes correspondence, meeting minutes, reports, ledgers, and publications that chronicle the development of trade, enterprise, and industry in Sri Lanka. Together, these records provide a rare and detailed account of how the island’s economy evolved and how its business community helped shape national progress.
The Ceylon Chamber of Commerce was established on 25 March 1839 on the principle that the interests of commerce and trade are best advanced when merchants unite and cooperate in matters affecting the common good. At the time, Ceylon was among the earliest regions in Asia to establish a chamber of commerce, alongside counterparts in Bengal, Bombay, Madras, Canton, Penang, and Singapore.
From its earliest years, the Chamber played a central role in organising and guiding trade. It played a central role in establishing and growing the export economy built on commodities such as coffee, cinnamon, coconut oil, tea, and rubber, and hosted the island’s renowned tea and rubber auctions. It also developed rules and standards for trading practices, helping create an environment of trust and reliability that enabled Sri Lanka’s commerce to thrive.
-
News7 days agoUniversity of Wolverhampton confirms Ranil was officially invited
-
News7 days agoFemale lawyer given 12 years RI for preparing forged deeds for Borella land
-
News6 days agoPeradeniya Uni issues alert over leopards in its premises
-
News4 days agoRepatriation of Iranian naval personnel Sri Lanka’s call: Washington
-
News7 days agoLibrary crisis hits Pera university
-
News6 days agoWife raises alarm over Sallay’s detention under PTA
-
News7 days ago‘IRIS Dena was Indian Navy guest, hit without warning’, Iran warns US of bitter regret
-
Latest News7 days agoSri Lanka evacuates crew of second Iranian vessel after US sunk IRIS Dena
