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COYLE to drive ‘broad movement’ to empower young Lankan entrepreneurs

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Thushira Raddella (right) takes on duties and responsibilities as new chairman at COYLE from immediate past chairman Rasith Wickramasinghe

Initiatives planned to motivate young people to dream bigger

Free warehousing on offer in U.S., Australia and Dubai

New initiatives of the Chamber of Young Lankan Entrepreneurs (COYLE) will harness its existing capacities and networks to the greatest extent possible to empower young entrepreneurs in all regions of the country to contribute to the national economy on a greater scale, Thushira Raddella, businessman and President of (COYLE) told The Island Financial Review.

Thushira who recently took over the responsibilities as new chairman of COYLE from its immediate past chairman Rasith Wickramasinghe said the Chamber would transform the way it does things about young entrepreneurship in Sri Lanka in 2024 and beyond. This is not something I am going to do. It is something the Chamber is going to do as a responsible body comprising high-profile, decision-making business owners who hold the entire membership of the Chamber,” he said.

Thushira, CEO/Director of Raddella Holdings Pvt. Ltd., in addition to being COYLE chairman speaking further said,” 25 years ago, COYLE was founded by a group of young Sri Lankan entrepreneurs. Today they and their companies are high-net worth and well-known organizations that bring substantial foreign currency into the country, and substantially contribute the gross domestic product (GDP) of the country. Their noteworthy accomplishments in the business world can truly inspire young Sri Lankan entrepreneurs to conquer the growth markets in foreign countries. We are keen to share our members’ skills, experience and networks with the potential changemakers of the country to take their businesses to the next level,” he said.

“Our members will be getting in touch with entrepreneurial-minded students at their alma maters and motivate them , so that they can dream bigger with our support and the opportunities we can create for them if they are truly committed to being entrepreneurs in the future. We will be spreading the movement to identify and empower the entrepreneurial spirit in provincial schools as well. After doing so for about six months, and selecting viable business ideas, we will open up startup incubators to offer them vital information, guidance and even necessary capital to them. As a Chamber with 100 members, we have connections and relations with other chambers and foreign trade delegations; and we are planning to bring in angel investors and venture capitalists to finance and partner with emerging Sri Lankan entrepreneurs, “he noted.

“We are planning to rename COYLE as Chamber of Lankan Entrepreneurs and establish an affiliated platform dedicated for young businessmen and women and university students, through which they can collaborate with us and be stronger in their business pursuits. We will be taking the Chamber to a global level. Moves are underway by the Chamber to set up regional offices to support young Lankan entrepreneurs to enter foreign markets.

One of the main plans for this year is; we are going to give three warehouse facilities for Sri Lankans to bring their goods and keep them in the U.S., Dubai and Australia. We have already obtained warehouses in those countries. This facility will be provided to young entrepreneurs for free. This is a crucial support we can extend to take local manufacturers’ goods overseas. And the Chamber’s experts who know about business processes in those markets inside out can help young Lankans to gain a foothold there,” he said.



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CIF, the world’s favorite multi-surface cleaning brand, arrives in Sri Lanka

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CIF, the globally recognized multi-surface cleaning brand, has officially entered the Sri Lankan market, expanding the range of international home-care solutions available to local consumers.

CIF products are now available at Cargills, Keells, Glomark and Celeste, as well as online through Daraz and uStore, at a retail price of Rs. 900 for 500ml. Shop CIF online at https://ustore.lk/collections/cif

Used by households around the world, CIF is known for its powerful cleaning performance and ability to tackle everyday dirt and some of the toughest cleaning challenges around the home.

Its introduction to Sri Lanka comes as consumers increasingly seek cleaning products that combine performance, convenience and versatility, particularly solutions that can be used across multiple areas and surfaces within the home.

One cleaner. So many possibilities.

From stubborn kitchen grease and grime to limescale around sinks and dirt that builds up on frequently used surfaces, CIF is designed to provide powerful cleaning performance while helping make every day cleaning simpler.

The brand’s multi-surface proposition allows consumers to address a range of household cleaning needs with one versatile solution, bringing greater convenience to modern cleaning routines.

CIF’s entry into Sri Lanka also brings the brand’s global philosophy closer to local consumers eventually helping people restore and rediscover the beauty of the places and things around them through effective everyday cleaning.

With its combination of global recognition, multi-surface versatility and powerful cleaning performance, CIF’s arrival provides Sri Lankan consumers with a new international option in the household cleaning category.

The world’s favorite multi-surface cleaning brand is finally here in Sri Lanka.

Just CIF it!

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A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy

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Transport Minister Bimal Rathnayake and Indian High Commissioner Santosh Jha at the plaque unveiling ceremony for the Moragahakanda Bridge project, supported by Indian grant assistance.

By Sanath Nanayakkare

An evolving approach to regional diplomacy was brought into sharp focus with the recent foundation-laying ceremony for the Moragahakanda Bridge in Matale.

Jointly launched by Indian High Commissioner Santosh Jha and Minister of Transport, Highways and Urban Development Bimal Rathnayake, this 175-metre span is far more than a routine civil engineering project. It serves as the physical manifestation of a broader USD 450 million reconstruction package deployed by India in the wake of Cyclone Ditwah, which severely fractured the island’s transport arteries.

Foreign aid is too often discussed in cold, macroeconomic abstractions. Yet, every so often, a consistent pattern of targeted assistance alters the landscape of bilateral relations, offering a clear window into how regional partnerships evolve out of necessity and goodwill.

Across the country today, a remarkable narrative of multi-layered cooperation is unfolding.

From critical post-disaster infrastructure and maritime routes to grassroots agricultural uplift and institutional capacity-building, India’s developmental footprint is shifting unmistakably toward an organic, people-centric model of shared resilience.

What distinguishes this latest wave of assistance is its deliberate pivot from emergency support to permanent, climate-resilient transformation. When Cyclone Ditwah initially paralysed regional connectivity, India’s immediate response was marked by the rapid deployment of temporary Bailey bridges.

Today, that swift humanitarian intervention has matured into a structural blueprint: the Moragahakanda project stands as the vanguard of 13 permanent bridges being built across Sri Lanka’s provinces by IRCON International Limited, complemented by upcoming railway upgrades and modern signaling systems backed by a USD 250 million Line of Credit.

The true signature of this diplomatic shift lies in its breadth, operating simultaneously across multiple tiers of society:

Institutional Governance: Delegations of Sri Lankan parliamentarians and senior administrative officers regularly travel to India to study public policy frameworks, legislative systems, and administrative practices.

Economic Lifelines: Financial mechanisms, such as viability gap funding for the Nagapattinam-to-Kankesanthurai passenger ferry service, continue to shrink geographical distances, reviving coastal commerce and tourism.

Grassroots Empowerment: Specialised capacity-building programmes tailored for local stakeholders – ranging from state officials to rural dairy farmers -ensure that development reaches deep into the island’s hinterlands.

By aligning immediate disaster relief with long-term infrastructure, institutional capacity, and human capital, India and Sri Lanka are demonstrating how neighbours can build safer, more connected futures together, grounded firmly in mutual respect and tangible progress.

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Bring your own bag to book fair, CEA urges

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By Ifham Nizam

The Central Environmental Authority (CEA) yesterday urged visitors to the Colombo International Book Fair to bring reusable bags to carry their purchases, as part of a drive to reduce single-use plastic waste at the event.

CEA Director General R. S. P. Kapila Rajapaksha said large quantities of plastic, particularly “sili sili” bags, had been used to carry books at previous book fairs.

“We urge visitors to bring an environmentally friendly, reusable bag when they come to buy books. This simple step can help reduce the use of single-use plastic and protect the environment,” Rajapaksha said.

The book fair opens on September 25, with the CEA and the Sri Lanka Book Publishers’ Association launching an awareness programme targeting book sellers, food vendors and visitors.

The programme will be conducted under the theme “Read Smart, Carry Smart”, focusing on reducing polythene and plastic use throughout the exhibition.

The CEA said the use of plastic bags is also subject to regulations issued under the Consumer Affairs Authority Act. Gazette Extraordinary No. 2456/41, dated October 1, 2025, prohibits the free distribution of handled “sili sili” bags to consumers. Where such bags are sold, the charge must be included in the customer’s bill.

The CEA said food outlets at the book fair would also be required to comply with regulations prohibiting a range of single-use plastic products.

These include plastic straws and stirrers, disposable plastic plates, cups, spoons, forks and knives, as well as polythene-based food wrappers commonly known as lunch sheets.

The CEA said it had discussed the requirements with relevant stakeholders and reached agreement to ensure that prohibited products are not used at food outlets within the exhibition premises.

The authority urged both traders and visitors to cooperate with the initiative and help make this year’s book fair a more environmentally responsible event.

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