Business
Korean envoy greets KOICA Scholarship recipients at the embassy
Korean Envoy Santhush Woonjin JEONG greeted the Sri Lankan public sector officials who were selected for the KOICA-AKOFE scholarship programme offered by the Korean government at the Korean Embassy together with the KOICA Country Director Ms. Kim Myung Jin, President of AKOFE Roshan Serasinghe and Vice-President of AKOFE Eng. Kavindra Jayawardena. This year, five Sri Lankan officials were offered scholarships to pursue their higher studies in Korea under the KOICA training and scholarship programme.
Since its foundation in 1991, KOICA (Korea International Cooperation Agency) has offered the training and scholarship programmes to Sri Lankan Government officials and personnel every year by sharing Korea’s capacity building and human resources development experiences. At present, the Alumni Association of KOICA Fellows (AKOFE) has 826 members who received scholarships and trainings. So far, more than 2000 Sri Lankan officials and personnel had been invited to Korea to pursue their post-graduate studies in diverse fields through this programme.
Firstly, Korean Ambassador Santhush offered his congratulations to all the scholarship recipients this year for being selected as fellows from a highly competitive programme held worldwide. He said ‘It is indeed a great pleasure to welcome you all to the Korean Embassy. I am confident that your capabilities and commitment to receive this scholarship will assist you in successfully completing the fellowship in Korea. Among you, there are highly skilled Government officials from various fields, such as Engineering, Finance, Tax Policy, Gender and development. This fellowship provides the opportunity to add value to your field of expertise with the knowledge and experience you receive from Korea. Your role as “civilian diplomats” is very important to foster meaningful relations between Korea and Sri Lanka. Korea has a rich stock of good practices and lessons learned in developing your respective fields of studies, such as tax policies, engineering and gender development policies. As such, the Korean government intends to share the know-how with Sri Lanka so that the knowledge gained from the fellowship will not only help you, but also the national capacity in developing sustainable policies of Sri Lanka. I wish you all the best for your future endeavours.’
The Korean Envoy appreciated KOICA for the immeasurable ODA support and aid provided to uplift the education sector of Sri Lanka. He also highly commended the performances and activities of AKOFE and from now on the Korean Embassy hopes to strengthen the relations with AKOFE and will actively participate in collaborative events in the future.
The scholarship recipients expressed their gratitude to the Korean government for the wonderful opportunity and stated that they are very happy to study in Korea. They also said that they can contribute greatly to Korea-Sri Lanka relations by the knowledge received by this fellowship. President of AKOFE Roshan Serasinghe and Vice-President of AKOFE Eng. Kavindra Jayawardena thanked the Korean Envoy for this opportunity and hoped to closely work in cooperation with the Korean Embassy.
The Korean government is keen to promote cultural and education cooperation with Sri Lanka. Reflecting on the long-standing trajectory of Korea-Sri Lanka relations, Korean Envoy also highlighted the important milestone of the adoption of Korean language to advanced level classes in Sri Lanka from 2021. Sri Lankan students can sit for Korean language at the University entrance examination from next year. The firm resolve and many efforts of the Education Ministry and the Korean Embassy provided an opportunity for Sri Lankan students to engage in Korean language education. This will open new visions for Sri Lankan youth to study in Korea and access the rich and vibrant Korean culture. In addition, Ambassador Santhush also appreciated contribution of KOICA and AKOFE to conduct community development and capacity building programmes nationwide.
The Scholarship recipients for 2022 Arjuna Rathnayake, Gayashan Kulathunga, Ms. Irangi Jayarukshi Silva, Ms. Iresha Udayangani and Ms. Priyanthika Dilrukshi along with KOICA Country Director Ms. Kim Myung Jin, First Secretary of Embassy, Ms. Lim Miyeon, President of AKOFE Roshan Serasinghe and Vice-President of AKOFE Eng. Kavindra Jayawardena participated in the meeting.
Business
Climate compliance pressure mounts on Lankan businesses
Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.
Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.
The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.
The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.
Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.
Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.
Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.
Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.
Business
SPAR Sri Lanka Opens New Outlet in Kurunegala
SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.
The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.
The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.
Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.
“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.
The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.
The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.
SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.
Pic and Text by SK Samaranayake
Business
Royal end title drought with dramatic shootout triumph
Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.
The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.
With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.
A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.
Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.
Royal finished runners-up when the tournament was held in Matale last year.
The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.
Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.
In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.
Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.
In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.
Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.
A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.
For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.
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