Business
ADB urges Sri Lanka to act without delay on renewables
Local stakeholders say SL ‘missed the bus’ on power sector reforms
ADB Country Director says, ‘standing still won’t resolve anything’
By Sanath Nanayakkare
ADB, in partnership with the Department of National Planning of the Ministry of Finance, Planning and Economic Development, organised a knowledge event in Colombo on 30 January 2025.
The event, held under ADB’s Serendipity Knowledge programme (SKOP) for Sri Lanka, focused on the reforms and financial sustainability of Sri Lanka’s power sector and the growth of its renewable energy (RE) sector.
The event was attended by government officials, the private sector, academia, think tanks, and development partners.
The presentations and the panel discussions at the event created a comprehensive and valuable outcome through the cross-pollination of global experiences, perspectives and insights.
During the event, several Sri Lankan speakers said that the country had ‘missed the bus’ and wasn’t able to make the reforms journey in good time. However, ADB Sri Lanka Country Director, Takafumi Kadono’s optimistic view was that as the topic was not new to Sri Lanka, the stakeholders of the sector and the government of Sri Lanka can bring it up to speed by accelerating the reforms.
Responding to a question, the ADB Country Director said,” The eminent speakers here quantified all kinds of challenges in the RE sector including smart grid technologies, transmission, distribution upgrades, net metering systems, complex grid management systems, grid digitalization, cost-reflective pricing, policy frameworks and regulatory barriers.
Having listened to all that, the key takeaway for me is, we shouldn’t be afraid of introducing the necessary reforms to address these challenges. We should not stand still just because there are uncertainties. That’s not going to resolve anything. It is in the hands of the CEB, LECO, the policymakers and private sector stakeholders to capture the whole gamut of electricity consumers and execute better RE planning, better RE investments etc., to reduce the electricity tariffs, and to achieve Sri Lanka’s RE and net zero targets. I think that the consensus is there to move forward this time around. The ADB will continue to support Sri Lanka with ADB-financed energy projects and technical assistance for its broader energy transition strategy.”
Shiranthi Rathnayaka, Director General, Department of National Planning at the Ministry of Finance speaking at event, thanked the ADB for its role in putting together the insightful workshop on ” Power Sector Reforms and Renewable Energy Growth.”
She said that Sri Lanka’s energy sector stands at a crucial moment, requiring to transform challenges into opportunities for sustainable growth.
“Our journey so far has laid a strong foundation, but achieving the ambitious targets of 60% renewable energy by 2025 and 70% by 2030 will require firm commitment, innovation, and collaboration among stakeholders. With a clear vision, we are determined to enhance energy security, diversify energy sources, and modernize infrastructure to meet rising demands while ensuring affordability,” she said.
“At this ADB knowledge programme, we have explored best practices from global success stories, innovative policy options, and the potential of digitalization and renewable energy to transform our power sector into one that is resilient, sustainable, and inclusive. As we move forward, let us build on the momentum created here, ensuring that the strategies, ideas, and partnerships initiated today will lead to tangible outcomes tomorrow,” she noted.
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
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