Business
ILO, UNOPS in joint exercise to protect MSMEs from virus
From left: Lalith Silva of Akalanka Products, Thamara Ravimali Bandara, Development Officer, Small Enterprise Division – Panadura, P.K Pathirana, Assistant Director, Small Enterprise Division – Kalutara, N.C.W. Jayasekara, Assistant Director, Small Enterprise Division – Kalutara.
* Begins with the delivery of PPE worth Rs. 47 million
* Initiative enjoys partnership with many government entities
The International Labour Organisation (ILO) together with the United Nations Office for Project Services (UNOPS) have taken another initiative to assist the healthy socio-economic recovery of the micro and small enterprise sector of Sri Lanka (MSMEs).
The initiative will help MSMEs face the challenges posed by COVID-19 and to ensure that workplaces do not become places of COVID-19 spread.
In this bid, hundreds of MSEs in the Kalutara and Gampaha Districts, where a majority of such enterprises are concentrated, and are safe and healthy spaces to work, the IILO together with UNOPS purchased and kick- started the delivery of Personal Protective Equipment (PPE) worth 47 million Sri Lankan Rupees.
With funding from the UN COVID-19 Response and Recovery Multi-Partner Trust Fund (UN COVID-19 MPTF), this timely response is among the many interventions underway by the ILO to assist the healthy socio-economic recovery of the micro and small enterprise sector of Sri Lanka.
The distribution of PPE kits commenced on 18 November 2020 and is being carried out with the support of the Small Enterprise Division (SED) of the Ministry of Youth and Sports. The PPE kits include handwashing stations, bottles of hand sanitizers, first aid kits, face masks, visitor record keeping books, cakes of soap, packets of paper tissue, packets of paper towels, hand-held digital thermometers, bottles of toilet sanitizer, hand gloves, bins with lids.
Simrin Singh, Director, ILO Country Office for Sri Lanka and the Maldives and Gayasiri of Lalith Bakery
The Gampaha and Kalutara district-based enterprises and their specific PPE requirements were identified through swift assessments carried out by SED officers, with the support of the Ministry of Labour. Assessments targeted enterprises, particularly economically hard-hit and women-owned, across various sectors such as tourism-accommodation, food and food processing, textile, craft and agri-business industries.
The enterprises are located in Kelaniya, Meerigama, Negombo, Katana DS Divisions in the Gampaha District, and Beruwala, Kalutara, Panadura, Bulathsinhala DS Divisions in the Kalutara District.
A further batch of PPE kit distributions are planned for before the end of the year, reaching all remaining divisions of the two districts.
The PPE kit distribution is being complimented by OSH risk assessment of MSEs; training entrepreneurs on how to implement OSH measures and how to use PPE; enterprise level training programmes with a focus on business development, psychosocial support, and facilitating access to finance. This will be coupled with a national campaign focussed on bringing awareness of the occupational health and safety (OSH) risks and measures for MSEs, psychosocial risks faced by MSE owners and workers, and how to access state provided financing.
The initiative enjoys solid partnerships with many Government entities for its effective implementation.
Business
Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook
Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.
The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.
The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.
The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.
Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.
Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.
The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.
Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.
Business
Tata Group leads humanitarian education support initiative with DIMO and ChildFund
The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.
Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.
As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.
This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.
This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.
Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”
Business
NovaNest Properties launches Rainbow Apartments in Ratmalana
NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.
The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.
The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.
Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.
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