Business
Dilum vows to break free from ‘prolonged illusion’ of one-stop-shop
BOI unveils Investor Facilitation Centre
By Sanath Nanayakkare
The one-stop- shop or single window approval system for investors coming to Sri Lanka has been a pie in the sky over a long period of time and the Investor Facilitation Centre unveiled today will not be yet another one-stop shop that doesn’t serve its purpose, Dilum Amunugama, State Minister of Investment Promotions assured in Colombo last week.
“We had several rounds of discussions with the President who is also the Minister of Investment Promotions and he suggested that we name a competent official from the BOI and the President’s Secretary would appoint him/her as an official from the President’s Office so that this official will have the authority to go and discuss with any line ministry or agency and reconcile matters relating to FDI projects without creating undue delays. This is all about accelerating and streamlining the approval process. Any line agency can express their point of view in line with stipulated regulations and can say ‘yes’ or ‘no’ to a project proposal. But it has to be logical and swift. It shouldn’t take six months to respond to a proposal. And when there are issues relating to environment, land allocation, waste water management etc., let me know and then I will take it up at ministerial level and see if conflicting issues can be reconciled and give the project the green light or not. I request all officials from different departments and line agencies present here to support the BOI in accelerating the approval process and attract much needed FDI to the country. We might not be able to swiftly change the way of state correspondence, but the IFC will directly involve in taking the documents forward without letting them dust on someone’s desk,” he said.
The minister said that if currently stuck FDI proposals are given the green light, it will bring the country about USD 3 billion and that will be an amount of foreign exchange Sri Lanka can raise more than from the expected IMF loan.
BOI Chair Eng. Raja Ediruisuriya said that IFC alone wouldn’t be able to bring in foreign exchange. “The only thing IFC can do is coordinating with the relevant agencies for fast-tracked approval of BOI projects. We are competing with countries like Vietnam and Cambodia because they are also trying to attract FDIs. So we have to be very competitive in this sphere. Our goal is to increase the FDI share to GDP by 2.6% between 2022-2026. Our target is to realize FDIs till 2026 by about 3 billion USD per annum. We can’t meet this target unless investors are not encouraged to come in. BOI is not only a service-oriented organization. We have targets to achieve. I therefore appeal all line-agencies to help us achieve these targets and help boost the national economy. Minister Amunugama went through 77 projects and found that about 10 line agencies were holding up these projects for a couple of years or even more. We need to improve our communication and collaboration to fast-track these FDIs. The collaboration between the IFC and your line-agencies is critical at this hour to increase our foreign exchange reserves,” he pointed out.
Business
Financial literacy central to country’s development – CBSL Governor
By Hiran H. Senewiratne
Sri Lanka’s financial literacy rate is approximately 58 percent. Such literacy is absolutely necessary for the inclusion of people in the country’s financial system which in turn is central to overall economic development, Central Bank Governor Dr. Nandalal Weerasinghe said.
‘One needs to have knowledge and skills of a financial nature to figure in financial inclusiveness. While 86 percent of Sri Lanka’s population has access to the country’s financial system, 82 percent of the public has at least a savings account in the country’s banking system, Dr Weerasinghe said.
The Governor made these comments recently at the inauguration of Financial Literacy Month 2026 at the Central Bank’s Centre for Banking Studies, Rajagiriya.
Dr. Weerasinghe added: ‘Suitable, affordable and quality financial instruments are needed to enhance financial literacy in the country.
‘Financial information has to be accurate, risk-free and accountable, thus creating confidentiality in the financial system, which would enable the sector to reach greater heights’.
Meanwhile CBSL sources said: ‘The Literacy Month opened with the two-day ‘FinLit Expo Colombo’. The expo gives the public the opportunity to engage with institutions, better understand financial services, gain practical insights into managing their finances and learn how to protect themselves from financial fraud and scams.
‘The CBSL is leading the program in collaboration with stakeholder institutions. It forms part of the Financial Literacy Roadmap for Sri Lanka, which is implemented under the National Financial Inclusion Strategy (NFIS), the national framework for widening access to and use of formal financial services.
‘The Colombo event will be followed by six regional ‘FinLit Expos’ aimed at direct engagement with local communities. Partner institutions will also run awareness activities. Together, the events are intended to provide financial education to communities and encourage people to apply financial knowledge in everyday life.
‘A public awareness campaign on television, radio, newspapers and social media will extend the program’s reach. The program also includes digital financial literacy activities and the promotion of QR codes and other online payment methods.
‘The public and stakeholder institutions are encouraged to take part in the month’s activities under the theme, “Towards a Financially Literate Sri Lanka”.
Business
HUTCH strikes five awards as the only telco honoured at SLIM DIGIS 2.6
HUTCH Sri Lanka strengthened its position as a leader in digital engagement by securing five accolades at SLIM Digis 2.6, emerging as one of the most recognized brands at this year’s digital excellence awards. The achievement was further highlighted by HUTCH being the only telecom operator to be recognized at the event.
Organized by the Sri Lanka Institute of Marketing (SLIM), SLIM Digis is Sri Lanka’s premier platform celebrating excellence, innovation, and outstanding achievements in the digital marketing industry. The recognition highlights HUTCH’s growing strength in digital-first, agile, and creative marketing, and its ability to respond to everyday moments, engage audiences, and deliver impactful digital campaigns.
The Gold Award for Best Use of Agile and Moment Marketing, a Silver for Best Use of Digital in a Marketing Campaign, and a Bronze for Best Performance Marketing were all awarded for “Keeping Sri Lanka Connected Through Ditwah,” HUTCH’s response to the cyclone that struck Sri Lanka in November 2025, recognised for the speed and relevance with which HUTCH kept customers better connected and informed.
HUTCH Roaming also earned two further Bronze awards for Best Use of Digital in a Marketing Campaign and Best Use of Creative Content. Bringing together AI-led storytelling, the campaign was designed around distinct customer clusters, each characterized by unique travel behaviours, needs, and perceptions, delivering relevant content for different audiences within a single overarching campaign.
“These wins are a strong reflection of how HUTCH approaches marketing today, staying close to the moments that matter to our customers and responding with speed, relevance, and creativity. Being the only telco recognised at SLIM DIGIS 2.6, and across five categories, is proof that agility and thoughtful storytelling can go hand in hand. This recognition reflects the collective efforts with our strategic partners, whose collaboration, expertise, and shared commitment brought great campaigns to life,” said Hamdhy Hassen, Chief Marketing Officer, HUTCH Sri Lanka.
Business
Fairway Colombo named Official Accommodation Partner of Manhunt International 2026
Sri Lanka’s Smart Luxury Business Hotel to Host Delegates and Contestants from Over 40 Countries as the Island Nation Hosts Its First-Ever Global Pageant of This Scale
Fairway Colombo, a subsidiary of Fairway Holdings (Pvt) Ltd, has been appointed as the Official Accommodation Partner for Manhunt International 2026, one of the world’s most prestigious male pageants, scheduled to take place in Sri Lanka.
The event marks a historic milestone for Sri Lanka, as the country prepares to host a global pageant of this scale for the very first time. More than 40 contestants representing countries from across the world will arrive in Colombo, bringing together diverse cultures, international media attention, and a global audience — further strengthening Sri Lanka’s position as a premier destination for tourism, culture, and hospitality.
As the official accommodation partner, Fairway Colombo will welcome and host international delegates and contestants throughout their stay in Colombo, delivering the exceptional hospitality experience and personalized service that the hotel is recognized for.
A Landmark Partnership for Sri Lankan Tourism
“We are truly honored to be selected as the Official Accommodation Partner for Manhunt International 2026. This partnership is a proud moment not only for Fairway Colombo but also for Sri Lanka as a whole. Hosting an event of this global stature provides us with an opportunity to showcase our commitment to smart luxury, innovation, and authentic Sri Lankan hospitality to an international audience. We look forward to creating a memorable and seamless experience for all delegates and guests,” said Avinga Wanigasekara, General Manager of Fairway Colombo.
Strategically located in the heart of Colombo’s historic Fort district, Fairway Colombo is recognized as a Smart Luxury Business Hotel, combining modern comfort, advanced technology, and exceptional service. As part of Fairway Holdings (Pvt) Ltd, the property represents the group’s vision of delivering innovative, world-class experiences across the hospitality and leisure sectors.
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