Business
GCF urges Asia to turn climate pledges into bankable projects
By Ifham Nizam
The widening gap between climate commitments and actual projects on the ground has come under the spotlight in Colombo, with the Green Climate Fund (GCF) calling for a decisive shift from pledges and plans towards implementation, investment and measurable climate impact across Asia.
Some 150 climate leaders, government representatives and development partners from East and South Asia have gathered in Colombo for the GCF’s Regional Dialogue, as developing economies across the region seek greater access to climate finance to strengthen resilience, accelerate clean investment and protect vulnerable communities from intensifying climate impacts.
The dialogue has also given Sri Lanka an important platform to highlight the financing challenge confronting a climate-vulnerable economy seeking to strengthen resilience while rebuilding economic capacity.
Opening the dialogue, Environment Minister Dr. Dammika Patabendi called for moving ‘from pledges to projects, from plans to implementation, and from ambition to impact,’ stressing that transformative climate action would require stronger partnerships, increased climate finance and greater support for adaptation.
His message carries particular significance for Sri Lanka, where climate-related disasters increasingly threaten agriculture, water resources, infrastructure, livelihoods and economic activity.
For a country with limited fiscal space, financing climate resilience entirely through domestic resources remains a major challenge. International climate finance therefore has the potential to become an important source of investment for projects designed not only to reduce emissions but also to protect communities and economic assets from increasingly severe climate shocks.
The Colombo dialogue provides an opportunity for Sri Lanka to strengthen its engagement with the GCF and other development partners while highlighting the need to convert national climate priorities into credible, investment-ready projects.
The GCF said its portfolio across Asia and the Pacific currently comprises 129 projects in 36 countries, supported by USD 5.8 billion in GCF financing. It has also approved USD 163 million in Readiness support to help countries strengthen their institutional capacity and ability to access climate finance.
These figures underline the growing scale of climate investment in the region, but they also highlight the importance of countries developing strong project pipelines capable of converting available finance into implementation.
For Sri Lanka, this is likely to be one of the most important dimensions of the current climate-finance discussion.
Projects aimed at strengthening climate-resilient agriculture, water management, disaster-risk reduction, renewable energy, resilient infrastructure and ecosystem protection require significant upfront investment.
Access to concessional and climate-focused international finance could help reduce the burden on public finances while enabling projects with long-term economic and environmental returns.
The need for adaptation finance was reinforced by the opening of the Colombo dialogue, which began with a moment of remembrance for those affected by last month’s glacial flood disaster in Nepal.
For Sri Lanka, a more country-responsive climate-finance system could be particularly valuable at a time when investment needs are high but public resources remain constrained.
As the GCF begins its third replenishment, the real measure of the next phase will therefore be whether climate finance can move faster from international commitments to national projects—and ultimately from project documents to tangible results on the ground.
Business
USA–Sri Lanka Chamber of Commerce plans New York campaign to promote Tourism and Business
Timing aligns with national policy discussions
By Sanath Nanayakkare
The USA–Sri Lanka Chamber of Commerce is exploring an innovative promotional initiative to showcase Sri Lanka’s tourism, cultural heritage, and commercial opportunities in the heart of New York City during the upcoming Christmas and holiday season.
The proposed campaign aims to bring Sri Lanka’s unique identity to one of the world’s most internationally recognized cities through a mobile digital billboard featuring high-quality photographs and videos highlighting the island’s natural beauty, rich heritage, and diverse commercial offerings. Designed to capitalize on New York City’s significant holiday-season foot traffic, the initiative will reach American consumers, international tourists, and potential business partners.
The digital showcase will feature pristine beaches, scenic mountains, waterfalls, tea plantations, wildlife, ancient cities, Buddhist heritage, traditional arts, authentic cuisine, and modern attractions, positioning the country as a premier international travel destination. An interactive QR code linking to comprehensive tourism information will also be incorporated, allowing viewers to directly explore travel opportunities.
Beyond destination promotion, the initiative provides Sri Lankan businesses with a vital platform to introduce their products and services to the American market. Enterprises representing Ceylon tea, spices, food products, gems and jewellery, apparel, handicrafts, wellness, hospitality, and tourism will have the opportunity to showcase their brands alongside the broader national campaign.
The Chamber notes that this effort will be particularly beneficial for small and medium-sized enterprises (SMEs) seeking greater international exposure, brand recognition, and commercial partnerships in the United States. By integrating tourism promotion with commercial visibility, the project aims to strengthen Sri Lanka’s international image while supporting trade, investment, and business development.
Operating under the central message of “Discover Sri Lanka. Experience Sri Lanka. Visit Sri Lanka,” the campaign presents the island as a destination defined by natural beauty, cultural richness, distinctive products, and entrepreneurial potential. More information on the initiative is accessible at www.usaslcc.org.
Tourism sector stakeholders have welcomed the move, noting that private-sector-led initiatives of this nature bypass cumbersome bureaucratic procurement procedures and complex tender processes typically associated with state-run promotional campaigns abroad.
The timing aligns with recent national policy discussions regarding tourism promotion. Participating in a Fireside Chat at the inauguration of the Sri Lanka Economic and Investment Summit 2026, organized by the Ceylon Chamber of Commerce, President Anura Kumara Dissanayake emphasized that a proper procurement mechanism needs to be established before acquiring tourism promotional concepts, recommending a performance-based system where agencies are compensated according to verified growth in tourist arrivals.
Business
Seylan Bank partners Colombo Motor Show 2026 as official banking and leasing partner
For 10th consecutive year
Seylan Bank PLC, the Bank with a Heart, has reaffirmed its commitment to supporting Sri Lanka’s automotive industry by partnering with the 20th edition of the Colombo Motor Show 2026 as the Official Banking & Leasing Partner for the 10th consecutive year. This makes Seylan Bank the longest-standing partner of the Colombo Motor Show, further reflecting its longstanding association with one of Sri Lanka’s most prominent automotive exhibitions. The four-day exhibition is scheduled to take place from 20th to 23rd November 2026 at the Bandaranaike Memorial International Conference Hall (BMICH), marking the first time the Colombo Motor Show will be held as a four-day event.
As one of Sri Lanka’s leading international motor and motor accessories exhibitions, the Colombo Motor Show will bring together vehicle enthusiasts, prospective buyers, industry professionals and automotive service providers. The 2026 edition is expected to feature over 200 trade stalls covering motor vehicles, accessories, spare parts, lubricants, tyres, batteries, leasing facilities and other motor-related services.
Through its continued partnership, Seylan Bank will showcase a comprehensive range of financial solutions designed to support customers in meeting their personal and business needs, with a particular focus on Seylan Leasing facilities. Visitors to the exhibition will have the opportunity to receive on-the-spot leasing evaluations and expert guidance from Seylan Leasing Specialists, helping them explore vehicle financing options conveniently during the event.
Business
WCIC sharpens focus on scaling women-owned businesses
The Women’s Chamber of Industry and Commerce (WCIC) is sharpening its focus on helping women entrepreneurs move beyond business creation towards sustainable growth, as it expands its membership, partnerships and advocacy footprint.
WCIC Chairperson Gayani de Alwis, concluding her second tenure, highlighted the Chamber’s efforts had increasingly centered on creating pathways for women to translate entrepreneurial ambition into viable enterprises and, importantly, build those businesses for the longer term.
“Ultimately, our impact is not measured by the number of programmes we conducted, but by the women whose businesses grew, whose voices became stronger, whose horizons expanded and whose contribution to the economy became greater,” she said addressing the WCIC 41st Annual General Meeting (AGM) held on 22 September for which the Chief Guest was Canadian High Commissioner to Sri Lanka and the Maldives Isabelle Martin.
The focus has included a special initiative for female university students with an entrepreneurial mindset, regional chapter initiatives in the Northern Province, capacity-building programmes and the inaugural ‘Beyond Ramp Up’ workshop.
The Chairperson said these initiatives were designed to move women “from aspiration to enterprise, and from enterprise to sustainable growth”, signaling a broader focus on strengthening the progression of women entrepreneurs beyond the initial stages of business formation.
WCIC recorded a 20 percent increase in membership during the period with membership crossing 460 and expanded its ecosystem through a series of strategic partnerships.
Internally, WCIC moved to strengthen its governance framework, revising its Articles of Association to ensure regulatory compliance and introducing a Code of Conduct and Board self-assessment. Clearer organisational roles, job descriptions and performance targets were also introduced as part of efforts to strengthen accountability and professionalise its operations.
Reflecting on her tenure, the Chairperson said the period had been about building a stronger, more connected and professionally governed organisation, while converting its wider ambitions into tangible opportunities for women in business.
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