Business
Political VIPs notably absent at Japanese FDI project launch
by Sanath Nanayakkare
There was notable absence of political heavyweights at the launch of a major foreign direct investment (FDI) hotel project in Colombo last week, arguably reflecting declining appeal of politicians.
Without the participation of any Sri Lankan political VIPs to cut the ribbon or make the keynote speech, the Granbell Hotel Colombo – a USD 60 million worth Japanese hotel in the heart of Colombo, opened its doors warmly welcoming all to experience a fusion of Japanese and Sri Lankan hospitality.
Granbell is the sister property of Le Grand Galle, inaugurated in August 2018 by Asia Leisure and with Belluna Co. Ltd, Japan.

The grandeur of the occasion was celebrated by none other than Mizukoshi Hideaki – the Japanese Ambassador to Sri Lanka who was the chief guest for the occasion.
Having announced that the launch of the hotel was in line with the long-standing friendship between Sri Lanka and Japan which dates back over 70 years, the Japanese Ambassador together with several Japanese invitees including, Kiyoshi Yasuno – the President of Belluna Co. Ltd and Ryo Takarada, Chief Architect of Granbell Colombo inaugurated the hotel.
The Granbell Hotel Colombo is owned and managed by the leading Japanese company Belluna Co. Ltd, a listed company in the Tokyo Stock exchange. It adds to a growing portfolio of properties around the world owned and managed by Belluna.Co.Ltd. The hotel chain includes 17 properties in Japan, one in Hawaii, one in the Maldives and two in Sri Lanka.
The project commenced in 2016 with a foreign direct investment of USD 60 million. The construction was carried out by the Hazama Ando Corporation of Japan and was completed in line with the highest construction standards, combining Japanese architecture and Sri Lankan craftsmanship.
Today, the hotel provides a large number of employment opportunities for the local community further strengthening the economic revival of the nation.
The Granbell is located in proximity to the Colpetty Railway Station in the heart of Colombo and provides a host of exciting facilities and services.
While the Heads of Departments and staff being Sri Lankan, the hotel also brings forth Japanese expertise with its general manager and the head chef to offer an authentic combination of the two cultures.
Opposition MP Patali Champika Ranawaka speaking in parliament two days after the opening of the Granbell Hotel said,” Some people ask why Sri Lanka isn’t convening an international aid forum to obtain the support of friendly countries to come out of the current economic crisis. Such an international aid forum can’t be convened because the international community has no confidence in the government of Sri Lanka. Friendly nations are not helping us any more. Japan, which helped Sri Lanka from time immemorial without any strings attached, had their mega projects in Sri Lanka cancelled by one single stroke of the pen overnight. If we had the $1.5 billion Japanese-funded light rail project, JICA funded project for laying 220 kilovolt underground cable from Kerawalapitiya to the Colombo Port and ADB’s railway project from Maradana to Homagama, we would have had FDIs worth USD 2 billion flowing into the country annually over a few years. Japan, our ‘biggest’ post-independence friend who had no political interest in helping us, was dropped by the government without any courtesy. In such a context, today no country is stepping forward to host an international aid forum to help Sri Lanka.”
Former prime minister Ranil Wickramasinghe said recently that he raised the matter of the Japanese light rail project with President Gotabaya Rajapaksa and that the government has begun to review it in a more favourable manner.
Business
Priority areas for deepening Japan-SL economic ties
Japan Business Council (SLJBC) of The Ceylon Chamber of Commerce recently held its 47th AGM, with the Ambassador of Japan and the Patron of the Council, Akio ISOMATA, attending as the Chief Guest.
Addressing the gathering, Ambassador ISOMATA outlined three priorities for deepening bilateral economic relations: an effective and forward-looking trade and investment policy, the promotion of domestic industrial policy, and expanded investment in renewable energy. He noted that Sri Lanka’s ongoing review of its Free Trade Agreement policy would be important in shaping the country’s future negotiating landscape. He encouraged Sri Lanka to look Eastward toward Southeast Asia and Japan, proposing that the country adopt an export-oriented industrial model. The Ambassador welcomed the Government’s National Export Development Plan 2026 and National Mineral Policy 2026 as consistent with Japan’s vision of connecting Sri Lanka’s export-related manufacturing sectors with India’s high-growth manufacturing base.
In his address, President Athulla R F Edirisinghe reflected on nearly seven decades of humanitarian and development support extended by Japan to Sri Lanka, and paid tribute to the Chairman of the Sasakawa Peace Foundation Yohei Sasakawa, for his magnanimity in establishing the Foundation. Reflecting on the history of Japanese investment in the region from the 1970s onward, he observed that Sri Lanka had missed many opportunities to attract Japanese foreign direct investment. Highlighting the 2025 proposal for a Sri Lanka – Japan Economic Corridor by the Ministry of Economy, Trade, and Industry Japan, he called on Sri Lankan businesses, industry associations, and the wider community to come together in dialogue with the Government to ensure the country does not miss this opportunity as well.
2026/27 Committee: President: Athulla R F Edirisinghe – Director, Hirohama Ceylon (Pvt) Ltd, Senior Vice President – Ruwan Waidyaratne – Managing Director, Hayleys Advantis Ltd, Vice – President – Shamil Mendis – Managing Director, Spear International (Pvt) Ltd, Treasurer – Rohitha Mendis – Managing Director of Prudential Shipping Lines (Pte) Ltd, Immediate Past President – Mahen Kariyawasan – Managing Director, Andrew The Travel Company (Pvt) Ltd, representatives from Amano Lanka Engineering (Pvt) Ltd, BOV Capital (Pvt) Ltd, Brandix Apparel (Pvt) Ltd, Heritage Teas (Pvt) Ltd, Kalhari Enterprises (Pvt) Ltd, Lanka Harness (Pvt) Ltd, Dentsu Grant (Pvt) Ltd, MAC Holdings (Pvt) Ltd, and Vidullanka PLC. By invitation: HVA Foods PLC (subsidiary of George Steuart & Co), Spillburg Holdings (Pvt) Ltd, and Vaughan Chemicals (Pvt) Ltd.
The Sri Lanka – Japan Business Council plays an important role in promoting trade, tourism, and investments between Japan and Sri Lanka. For membership inquiries contact Kiyara at The Ceylon Chamber of Commerce via E-mail: businesscouncils1@chamber.lk or Tel.: 011 5588875/ 5588800.
Business
Rekawa turns turtle conservation into a 30-year community business model
By Ifham Nizam
What started 30 years ago as an effort to protect sea turtles has evolved into a community-based economic model that has generated livelihoods, attracted tourists and transformed Rekawa into one of Sri Lanka’s best-known nature tourism destinations.
The Rekawa Turtle Conservation Project, launched on September 2, 1996, by the Turtle Conservation Project (TCP) in partnership with the Department of Wildlife Conservation and the Rekawa community, marked its 30th anniversary last week, demonstrating how biodiversity protection can become an economic opportunity for communities living alongside sensitive natural resources.
Speaking at the anniversary celebrations, TCP chairman Thushan Kapurusinghe said the project currently provides direct livelihoods for 28 people, but its economic impact extends considerably beyond those directly employed by the programme.
‘Today, 28 people directly earn their livelihood through this project. But its impact goes far beyond those 28 individuals, Kapurusinghe said.
He pointed to the transformation of the area over the past three decades, arguing that the growth of tourism in the community has been closely linked to the turtle conservation programme.
‘If you travel from Netolpitiya to this area, you can clearly see how much the village has transformed over the years. There is no doubt that the growth of tourism in this community has been driven by the Turtle Conservation Project, he said.
The economic significance of Rekawa lies in its ability to convert the protection of a natural asset into a source of recurring community income.
Tourists do not come to Rekawa merely to see a beach. They come to witness sea turtles emerging from the ocean and nesting in their natural habitat—a tourism experience that depends directly on the continued protection of the nesting beach.
Kapurusinghe said tour operators regularly bring visitors to Rekawa, with some tourists traveling there after visiting major attractions such as the Kandy Esala Perahera.
The model represents a fundamental shift from viewing conservation as an expense to recognising biodiversity as an economic asset that can generate sustainable livelihoods when properly managed.
The 30th anniversary celebration at the Rekawa Turtle Conservation Project Information Centre brought together Southern Wildlife Region Director of the Department of Wildlife Conservation Channa Suraweera, government officials, conservation organisations, community representatives and long-standing supporters of the initiative.
Individuals who had contributed to the project over the past three decades were also recognised with awards for their service to sea turtle and environmental conservation.
Rekawa’s experience has attracted international attention because of precisely this combination of conservation and community development. The project has received international recognition as well as the Green Employment Award from the Ministry of Environment and Natural Resources. Earlier international recognition included a highly commended ‘Tourism for Tomorrow’ award, while the project’s turtle-watch programme subsequently received further recognition in responsible tourism and conservation.
Business
Ceylinco Life brings premium policyholders closer to the magic of the Kandy Perahera
For an evening, the timeless spectacle of the Kandy Esala Perahera unfolded at especially close quarters for a select group of Ceylinco Life’s most valued policyholders and their families, who were hosted to an exclusive viewing experience by the Company’s Customer Relations Division.
Held at the Ceylinco Life Kandy Branch on Kings Street, the annual event coincided with the second Randoli Perahera, bringing guests into the heart of one of Sri Lanka’s most spectacular expressions of culture, tradition and pageantry.
As the procession made its majestic passage through the streets of Kandy, guests enjoyed VIP seating at a prime vantage point, allowing them to experience the colour, movement and grandeur of the Perahera up close. The evening offered a fitting setting for Ceylinco Life to celebrate its enduring relationships with its premium clientele.
The experience extended well beyond the spectacle outside. Guests were welcomed with evening refreshments and an exclusive dinner buffet presented by the prestigious Amaya Hills Resort, adding a fine-dining dimension to an already memorable evening.
Families, too, were at the centre of the occasion. A private movie theatre experience provided entertainment for children and adults alike, while each attending family received a beautifully framed family photograph as a personalised souvenir, a tangible reminder of an evening shared together against the backdrop of one of Sri Lanka’s most treasured cultural traditions.
Besides being a much sought-after opportunity to watch the Perahera, the occasion was an expression of appreciation. Through its continuing Customer Relationship Management activities, Ceylinco Life seeks to create experiences that recognise its most valued policyholders not simply as customers, but as relationships to be celebrated and nurtured. And on this particular August evening, the enduring splendour of the Kandy Perahera provided the perfect setting for doing just that.
-
News6 days agoDenied of promotion to SC despite vacancies, justice Gurusinghe retires
-
Latest News7 days agoGrade 5 scholarship exam results released
-
News6 days ago22A: SC urged to suspend hearing, appoint full bench
-
News4 days agoNamal remanded until Sept. 18 over Airbus deal investigation
-
Latest News3 days agoTharanga creates history with Diamond League crown in Brussels
-
News6 days agoGovt. seeks NATO assistance
-
Editorial6 days agoStrange arithmetic goes unchallenged
-
News3 days agoDispute which triggered listed company director being detained at BIA resolved
