Business
Ceylon Cinnamon EU-PGI status promoted in Belgium
The Embassy of Sri Lanka in Belgium conducted an event on 18 October 2022 to celebrate the Protected Geographical Indication (PGI) status granted to Ceylon Cinnamon specifically for Ceylon Cinnamon quills, Ceylon Cinnamon powder, Ceylon Cinnamon leaf oil, and Ceylon Cinnamon bark oil by the European Union (EU) in February 2022, and to promote Ceylon Cinnamon in Belgium.
The event was attended by officials of the European Commission’s Directorates-General, the European External Action Service (EEAS), and the Belgian government, as well as representatives of business entities that are engaged in importing or using cinnamon in their various products in Belgium and media agencies. Director, International Affairs of the Directorate General for Agriculture and Rural Development (DG AGRI) of the European Commission, John Clarke, who handles the PGI status for products, attended as a special guest. The objective of the event was to create awareness of the Ceylon Cinnamon with PGI status, which has been recognized as true cinnamon of high quality in the world cinnamon market. The European region largely uses Cinnamon Cassia, which is a cheaper substitute for Ceylon Cinnamon.
Ambassador Grace Asirwatham provided an introduction to the PGI status for Ceylon Cinnamon and the benefits that it presents to the producers, exporters, importers, and consumers in the EU region. The Ambassador said that Ceylon Cinnamon was a legacy and pride of Sri Lanka and added that while promoting Ceylon Cinnamon, Sri Lanka would like to share the inspiring story of Ceylon Cinnamon with the world. Further, the Ambassador said that Sri Lanka, being the true home of Ceylon Cinnamon, which holds 80% of the world market for Ceylon cinnamon, was confident that it would use the PGI status to penetrate into niche market segments in the EU and international markets.
The highlight of the Ambassador’s presentation was the detailed explanation of the differences between Ceylon Cinnamon and Cinnamon Cassia, stressing Ceylon Cinnamon’s high quality, distinctive production process, unique flavor and aroma, slender-thickness of cinnamon quills, delicate taste and properties that contribute to many health benefits, and the important characteristic of the ultra-low level of coumarin, which makes it a healthier choice for consumers. In his address to the gathering, Director John Clarke congratulated Sri Lanka and appreciated the efforts being made to make maximum use of PGI status to increase exports of Ceylon Cinnamon to the EU region.
During the business promotional event, profiles of thirteen (13) Sri Lankan companies were shared and their product samples were displayed for promotion among the potential importers and distributors in Belgium. The Sri Lankan companies associated with the event as coordinated by the Sri Lanka Export Development Board (EDB) and the Ceylon Chamber of Commerce include Verger Naturals (Pvt) Ltd., Elpitiya Plantations Plc, Lak Cinnamon Planters & Exporters Group (Pvt) Ltd., A. Baur & Company (Pvt) Ltd., Samagi Organics (Pvt) Ltd., Diamond International Lanka (Pvt) Ltd., Sanjeewaka Ayurvedic Products (Pvt) Ltd., Hddes Extracts (Pvt) Ltd., New Lanka Cinnamon (Pvt) Ltd., Silvermill, Ceyla Organics (Pvt) Ltd., Cinnamon One (Pvt) Ltd, and Enrich Tea & Food Exports (Pvt) Ltd.
Sri Lanka exports around 18,000MT of Ceylon Cinnamon to the world market, of which 45% is imported by South American countries and 14% by the US. The European region imports as little as 10% of Ceylon Cinnamon as it has been accustomed to using Cinnamon Cassia. The EU PGI
status for Ceylon Cinnamon is a significant tool to differentiate Ceylon Cinnamon in the EU market from its substitutes of lower quality. It will act as a source of competitive advantage, which will help to increase market differentiation and product turnover and allow for a premium price from the consumer. A coordinated and intense action plan is needed to promote EU PGI quality-certified Ceylon Cinnamon in all EU countries in order to develop a competitive position and enhance Ceylon Cinnamon’s market share in the European market.
Embassy of Sri Lanka
Brussels
Business
Sri Lanka worthy of being ranked as the world’s top holiday spot – cricketing great Wasim Akram
Pakistani cricketing legend Wasim Akram said Sri Lanka is the best tourist destination and is worthy of being ranked the world’s top holiday spot. ‘The island’s natural beauty and my decades-long connection with the country, are factors that enhance Sri Lanka’s value, he explained.
Speaking at a Softlogic Life investor forum in Colombo last Tuesday Akram said Sri Lanka remained one of his favourite destinations despite having traveled extensively around the world.
Akram who captained the Pakistani national cricket team and was celebrated as Softlogic Life’s brand ambassador said filming the company’s latest television commercial gave him another opportunity to experience some of the country’s most scenic locations, including Galle and the central highlands.
Akram said Sri Lanka’s landscapes, rivers and coastline were among the most beautiful he had beheld during his travels and expressed surprise that the country was not already considered one of the world’s leading tourism destinations.
Having first visited Sri Lanka as a teenager in 1985, Akram said he had returned numerous times over the years as a player, commentator and tourist. He added that he plans to continue visiting the island regularly and hopes to explore more of the east coast in the future.
Softlogic Life had impressive growth last year and is looking forward to introducing new life insurance products to the local market considering the increasing the aging population in Sri Lanka.
By Hiran H. Senewiratne
Business
Veenath Indrajith from the University of Sri Jayewardenepura wins the 2026 Saman Kelegama Memorial Research Grant
Veenath Indrajith, a fourth-year undergraduate from the Department of Business Economics at the University of Sri Jayewardenepura, has been selected as the winner of the Saman Kelegama Memorial Research Grant for 2026. Indrajith’s academic and professional interests lie in economics, finance, investment, and policy-oriented research. In addition to his undergraduate studies, he is currently pursuing the Chartered Accountancy qualification in Sri Lanka, demonstrating a strong commitment to analytical rigour and professional excellence. He aspires to contribute to evidence-based policymaking through applied economic research.
Indrajith’s research study, titled “Small Vehicle Businesses and Household Investors Using the Second-Hand Car Market as an Alternative Investment Method in the Colombo District of Sri Lanka,” will adopt a qualitative research approach to explore the motivations, experiences, perceived returns, and risks associated with investing in used vehicles. By analysing household-level decision-making and investment behaviour, the research aims to shed light on a relatively underexplored area of Sri Lanka’s alternative investment landscape. The findings are expected to provide valuable insights for policymakers, particularly in relation to financial literacy, household investment strategies, and the development and regulation of alternative investment markets in Sri Lanka.
The Saman Kelegama Memorial Research Grant, established in 2018, honours the legacy of the late Dr. Saman Kelegama, former Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), whose work significantly shaped public policy discourse on socio-economic development in Sri Lanka and the broader South Asian region. The grant is awarded annually to an outstanding undergraduate student from a Sri Lankan university, with the aim of encouraging innovative, policy-relevant research and nurturing the next generation of policy thinkers. As part of this grant, Indrajith will receive training and mentoring from IPS senior researchers to complete the proposed study.
Business
Delmege Consumer partners with Daraz
Delmege Consumer, the flagship FMCG cluster of the Delmege Group, has evolved into one of Sri Lanka’s most trusted household names, building lasting relationships with communities across the island through a diverse portfolio of quality products that have become an integral part of consumers’ everyday lives for generations. Renowned for enriching households with Delmege’s own brands, leading local brands, and world-renowned international brands, the company continues to strengthen its presence, reputation, and connection with consumers nationwide.
A key strength of the FMCG cluster lies in the strong and enduring partnerships it has cultivated with suppliers, enabling the company to establish a responsive, time-sensitive, and mutually beneficial distribution network that has made a significant impact across Sri Lanka. Through its extensive reach and customer-focused approach, Delmege Consumer serves retail, wholesale, HoReCa, export, and modern trade channels, supported by flexible channel management strategies and winning consumer-centric propositions that cater to evolving market needs.
Further strengthening its distribution network and expanding its digital footprint, Delmege Consumer has partnered with Daraz, Sri Lanka’s leading e-commerce platform, to offer customers a more convenient, seamless, and accessible way to purchase its extensive range of FMCG products online.
Commenting on the partnership, Anil Meegahage, CEO of Delmege Consumer, stated:
“At Delmege Consumer, we are committed to innovation, continuously strengthening our product portfolio, and enhancing customer convenience and experience. Our partnership with Daraz enables us to serve customers across the country more efficiently by providing them with an easy, secure, and reliable platform to purchase trusted Delmege FMCG products online.”
Adding further, Baratha Piyadigama, Head of Group Marketing, Delmege, said:
“This partnership with Daraz marks another important milestone in our journey to enhance brand positioning, visibility, and awareness, especially at a time when digital and online commerce continue to gain significant momentum. As one of Sri Lanka’s leading FMCG distributors, we are proud to extend our trusted portfolio of products into the digital space through Daraz, ensuring customers across the island can conveniently access their favourite products with just a few clicks.”
Delmege’s extensive FMCG portfolio includes well-known Delmege branded products such as Canned Fish, Hiru Kahata Tea, Delmege Soya, Flavours and Colours, Delmege Pasta,
Delmege Noodles, and Salt, together with the much-loved Motha range of dessert ingredients, beverages, and mixes. The company also represents globally renowned international brands including Kellogg’s cereals such as Corn Flakes, Muesli, and Oats; Pringles; and the Ferrero portfolio featuring Ferrero Rocher, Nutella, Kinder Joy, and Tic Tac. Through its diverse and trusted brand portfolio, Delmege Consumer continues to reinforce its position as one of Sri Lanka’s leading FMCG companies.
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