News
Climate summit to map Lanka’s growth strategy
As climate-linked regulations, investor expectations, and financing requirements increasingly influence global trade and market access, the Sri Lanka Climate Summit 2026, will place business readiness at the centre of national conversation, with a high-level line-up of policymakers, international agencies, corporate leaders, and technical experts set to examine what climate preparedness means for Sri Lanka’s economy in practice. Organised by The Ceylon Chamber of Commerce, the Summit will take place on 9 June at the Grand Marquee, Taj Samudra Colombo.
Held under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story,” the Summit’s agenda will examine the realities of climate preparedness for businesses, industries, and policymakers, with discussions spanning investment readiness, disaster resilience, governance, industry transition, and climate finance.
The Summit will open with a high-level plenary titled “Is Sri Lanka Climate Ready for Investment?” exploring how climate readiness is increasingly influencing investor confidence, trade access, and economic competitiveness. Dr. Dammika Patabendi, Minister of Environment, will deliver the keynote address, and join a panel discussion that includes Shannon Cowlin, Country Director for Sri Lanka at the Asian Development Bank, Vimlendra Sharan, UN-FAO Country Representative for Sri Lanka and Maldives, and Dilhan Fernando, Chairman and CEO of Dilmah Tea. The discussion will examine the opportunities and barriers shaping Sri Lanka’s climate investment outlook, and will be moderated by Shiran Fernando, Secretary General and CEO of the Ceylon Chamber.
The conversation will then turn to resilience through “Build Better – Before, During, and Beyond,” a session focused on disaster preparedness and climate-linked disruptions, featuring keynote remarks by Marco Toscano-Rivalta, Chief of the Regional Office for Asia and the Pacific of the United Nations Office for Disaster Risk Reduction (UNDRR). Climate risk and adaptation specialist Rohan Cooray will join the discussion, moderated by Dr. Lalanath de Silva, Executive Director of Environmental Law Alliance Worldwide.
A second technical session, “Sector Pathways – Where Policy Meets Industry,” will examine how regulation, industry readiness, digitalisation, and finance intersect as Sri Lanka responds to emerging climate obligations. The session will feature keynote remarks by Azusa Kubota, UNDP Resident Representative in Sri Lanka, and an address by Dr. Lalanath de Silva, both of whom will then join the panel discussion featuring Secretary to the Ministry of Environment K.R. Uduwawala, Chief Advisor to the President on Digital Economy Dr. Hans Wijayasuriya, and Sanath Manatunge, Managing Director/CEO of Commercial Bank of Ceylon PLC. The session will be moderated by Saliya Wickramasuriya, Co-Chair of the Ceylon Chamber Energy Committee.
The private sector response will take centre stage during “Climate in the Boardroom: From Compliance to Competitive Advantage,” which will explore how companies are responding to climate disclosure requirements, sustainability expectations, and business risks while identifying opportunities for long-term competitiveness. The session will feature keynote remarks by Neha Khanna, Associate Director at Climate Policy Initiative, with perspectives from Sabrina Esufally, Managing Director of Hemas Consumer Brands, and Dr. Leonie Vaas, General Manager – Group Sustainability at Hirdaramani Apparel. Yasangi Muditha Randeni, Chief Sustainability Officer and AVP – Corporate Strategy & Sustainability at Aitken Spence PLC, will moderate the discussion.
The Summit will conclude its technical programme with “Unlocking Climate Finance: From Global Funds to Local Projects,” examining how Sri Lanka can better translate international climate funding into bankable, investable local opportunities. Rajesh Miglani, Senior Climate Business Specialist and Climate Anchor for IFC South Asia, will deliver the keynote address, while Dr. Ananda Mallawatantri, Co-Chair of the Climate Action Committee of the Ceylon Chamber of Commerce, will lead the discussion alongside Punyamali Saparamadu, Senior Vice President – Commercial of the Colombo Stock Exchange, and Shayani Weerasinghe, Sustainable Business Specialist at Expertise France
The Sri Lanka Climate Summit 2026 is expected to attract business leaders, policymakers, development agencies, sustainability professionals, financiers, and technical experts seeking to better understand how climate readiness is reshaping economic opportunity and business competitiveness in Sri Lanka.
News
US$ 2.5 mn cyber heist exposes system failures
COPF final report on USD 2.5 mn cyber fraud recommends action against all responsible
The US$2.5 million loss incurred during Sri Lanka’s foreign debt repayment to Australia was a clear case of a cybercrime and theft, Committee on Public Finance (COPF) Chairman Dr. Harsha de Silva told Parliament yesterday.
Presenting the COPF final report on the cyber fraud, Dr. de Silva said the incident amounted to a serious financial crime and called for a comprehensive investigation, by law enforcement authorities, to identify and prosecute all those responsible.
The report revealed serious governance, procedural and operational failures that enabled the fraudulent transfer of public funds, while recommending sweeping reforms to strengthen cybersecurity, financial controls and public debt management systems.
According to the report, officials of the Treasury and the Central Bank bore responsibility for governance lapses that contributed to the failures. It also highlighted the fact that the Ministry of Finance was operating an outdated Microsoft Exchange Server after security support had ended, while basic safeguards, such as multi-factor authentication, had not been implemented.
The COPF said suspicious payment instructions linked to debt repayments involving India, the United Kingdom, Germany and Belgium had also been detected, preventing further losses. However, the US$ 2.5 million fraud materialised only in the repayment transaction involving Australia.
The report has noted that officials had failed to verify lender email domains, relied on unverified email communications and lacked adequate internal controls, allowing the fraud to continue for months.
Although the investigation uncovered system-wide weaknesses across several institutions, only four mid-level Finance Ministry officials had been suspended so far, the report said.
The COPF has recommended a special audit of the foreign debt repayment process, strengthened cybersecurity measures across state institutions, updated financial regulations and improvements to public debt management systems.
by Saman Indrajith
News
Opposition signs no-confidence motion against Justice Minister for dereliction of duty over Negombo Prison deaths
Opposition Leader Sajith Premadasa, together with Opposition MPs, yesterday signed a No-Confidence Motion (NCM) in Parliament against Justice Minister Harshana Nanayakkara.The move comes in response to the unrest at the Negombo Prison, where both prison officers and inmates were killed.
Opposition members said the Minister had failed to fulfill his responsibility and accountability regarding their safety.According to the Opposition group, the NCM seeks to hold the Minister directly accountable for lapses in ensuring protection within the prison system.
News
AG informs SC of e-visa agreement review
The Attorney General yesterday informed the Supreme Court that the government has decided to review the legality of agreements entered into by the previous administration to hand over the country’s electronic visa issuance operations to private companies.
Additional Solicitor General Viveka Siriwardena, appearing for the Attorney General, made the submission when the Supreme Court took up the fundamental rights petitions filed by former MPs President’s Counsel M.A. Sumanthiran, Patali Champika Ranawaka, and Rauff Hakeem, challenging the previous Cabinet’s decision to outsource the e-visa system.
The petitions were heard before a three-judge bench, comprising Chief Justice Preethi Padman Surasena and Justices Achala Wengappuli and Arjuna Obeyesekere.
The Additional Solicitor General informed court that the current Cabinet had appointed a subcommittee to examine the legality of the agreements with the private companies and requested time to report on its findings, stating that the review was still underway.
President’s Counsel Sumanthiran, appearing as one of the petitioners, told the court that although the present government had indicated its intention to cancel the transaction, the petitioners wished to proceed with the case.
He noted that members of the current Cabinet had been named as respondents in the petitions.The Supreme Court directed the petitioners to issue notice on the members of the current Cabinet, named as respondents, and fixed September 29 for further proceedings.
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