Business
Lanka Special Steels strikes while the iron is hot
* Riding the wave ever since E. B. Creasy acquired TATA Steel
* Penetrating the lucrative South Indian market
* New manufacturing facility worth Rs. 1.3 bn to deal with production capacity challenges
* Company working on direct exports to Canada, South Africa and the Middle East
By Sanath Nanayakkare
Lanka Special Steels Limited (LSSL), the leading GI wire manufacturer in Sri Lanka has been strengthening its position in the export market since it was acquired by E. B. Creasy & Co. PLC from TATA Steel in 2015. Today the company is leveraging its success on five pillars. They are namely; its strategic capacity add-ons, its knowhow gained from India’s TATA Steel, sourcing of best raw materials, use of world-class European machinery and feeling the pulse of the South Indian market which creates significant effects of transactions on the company’s balance sheet.
These facts were revealed to the media by Pravin De Silva, Director – Chief Executive Officer- LSSL after the Company which was earlier known as TATA Steel, unveiled its new state-of-the-art manufacturing facility at Lanka Industrial Estate (LINDEL), in Sapugaskanda on Monday.
“We have established relationships with Hindustan Zinc, TATA Steel, JSW Steel, and other internationally reputed suppliers for raw materials. So LSSL guarantees the use of high-quality inputs resulting in superior finished products of unparalleled quality. For example, our hot dipped Gi wire is the only one with SLS 139:2003, and our barbed wire possesses the SLS 31:1988 certification as the only barbed wire in the market with SLS certification. So we are successfully exporting to the U.S.A. Canada, India and many other countries. Lanka SSL has obtained Bureau of Indian standard certificate of IS 280 for galvanized steel wire in order to supply to Indian market. South India is a good market for us. There are two reasons for this. One thing is South India is freight-friendly. And the other thing is most of the GI wire producers in India are located in North India – about 1000 kms from South India. But the distance between Sri Lanka and South India is less than 100 kms. This is a great advantage for us to penetrate into South Indian market. As a former TATA company we have all the knowhow and we understand the requirements of South Indian customers and already a sizable business comes from South India” Pravin De Silva said.
“As the domestic market is going through a tough time, we are planning to export 70% of our products and sell the balance 30% in the domestic market. Earlier we were selling about 90% of our products in the domestic market. Now we see that there is enough scope for exporting our products. However, in catering to the export market, we saw that our production capacity was a bottleneck. So we had to address that issue and that’s why we set up a new plant in Sapugaskanda with an investment of Rs. 1.3 billion,” he said.
“Currently we are exporting to the U.S.A. indirectly. I mean, we export to the U.S.A through Trinity Steel. Trinity is exporting hard wire nails and we supply them with 75% of their GI wire requirement. They produce about 1,000-1,500 metric tons a month. We supply GI wire to them and they export the end-product. Earlier they were importing 100% of their GI wire requirement and we were able to stop that foreign currency outflow. increase its production capacity from 15,000 MT to 30,000 MT per annum
“If we produce at the full capacity of 30,000 per annum – that will come to about USD 50 million foreign currency savings per year. With the capacity add-on, we are planning direct exports to Canada, South Africa and the Middle East. We are now working on to capture these markets. There’s a good demand for the end-product in countries such as Canada. That’s not for GI wire but for the end-product such as wire nails, hangers etc. Currently we are manufacturing an L-shaped article for Canada now which we export one or two containers every month. Our domestic value addition to the products is about 30%-35%,” he said.
He said that with the appreciation of the rupee, the company’s profit margin has reduced but at the end of the day what is important for the company is volume and that’s why they are trying to increase production volume to ensure a healthy balance sheet.
He noted that the Free Trade Agreement with India helps LSSL to enter the Indian market with a 5% duty benefit.
Further speaking he said: “In 2020, the domestic demand was about 13,000-16,000 tons out of which we supplied 75%-80%. Now the demand has gone down. We realized that with our capabilities, knowledge and experience we could easily reach the export market. When exporting we can’t be an on and off supplier. We had to be a serious player. Now we have everything in place to be a serious player in the export market.”
He concluded by saying that investing in a down market makes sense when you can reap its benefits in a turnaround.”
Arudpragasam, Chairman of E.B. Creasy Group said that the new plant can break even at 15-20% of its production capacity.
Business
A nation reframed through food: Sri Lanka’s historic National Geographic debut
By Ifham Nizam
On a bright Colombo morning, beneath the polished lines of Cinnamon Life at City of Dreams Sri Lanka, Sri Lanka quietly redrew the contours of its global image.
This was not merely a programme launch. It was a recalibration.
For the first time, a Sri Lankan-made food and travel series will premiere across South Asia on National Geographic — a platform synonymous with global storytelling. In a region where culinary diplomacy has long been monopolised by larger neighbours, Sri Lanka has chosen its entry point carefully: flavour.
Jayaflava: Celebrating Sri Lanka is a six-part travel and food series hosted by Tasha Marikkar, airing on National Geographic South Asia. It premieres on Friday the 20th at 8.00 p.m., with a repeat on Sunday at 1.00 p.m. The series will broadcast across India, Sri Lanka, Bangladesh, Nepal and the Maldives — positioning Sri Lanka’s culinary identity before one of the most dynamic regional audiences in the world.
The series is the brainchild of Marikkar — author, food storyteller and an unapologetic champion of Sri Lankan cuisine. What began as a cookbook evolved — through persistence, private backing and creative risk — into a broadcast production that now carries Sri Lanka’s culinary narrative beyond its shores.
“This was never just about recipes,” Marikkar told the audience. “It was about representing Sri Lanka as it truly is — multi-ethnic, modern, chaotic, generous and absolutely obsessed with flavour.”
Her long-time collaborator Afdhel Aziz framed it in strategic terms.
“Sri Lanka has always had depth and brilliance,” Aziz said. “What it hasn’t always had is ownership of its narrative. When you tell your story authentically on a platform like National Geographic, you’re not just entertaining — you’re reframing perception.”
Perception, in tourism economics, is currency.
Bakmee Perera Vice President – Communications Planning and Media Strategy at Dentsu Grant Media, described the partnership with National Geographic India — part of the Jio Star Network and Disney International — as a structural milestone.
“This marks Sri Lanka’s first long-term content partnership agreement with an international network,” she said. “It extends beyond linear television into digital platforms. It is a significant step in global content affiliation.”
For Sri Lanka’s hospitality industry, the timing is strategic. Indian arrivals have rebounded strongly, surpassing pre-2018 levels, and industry leaders see culinary storytelling as a natural extension of destination branding.
Kamal Munasinghe, Senior Vice President – Colombo Hotels at Cinnamon Hotels & Resorts and General Manager of Cinnamon Life, put it plainly.
“We have always spoken about sun, sea and sand,” he said. “But we have not spoken enough about our food. Other destinations have built tourism identities around cuisine. Sri Lanka has not done enough in that space.”
He recalled stopping on the roadside en route to Ella for oil roti served with mushroom curry — a humble meal prepared by a woman supporting her family.
“That is the story we are bringing to the world,” he added. “There is culture, resilience and love in that plate.”
Cinnamon Hotels & Resorts, the title sponsor, features four of its properties in the series, including Cinnamon Grand Colombo, Cinnamon Wild Yala and Cinnamon Bentota Beach — the latter a tropical modernist icon designed by Geoffrey Bawa.
Bawa once reframed Sri Lanka architecturally, merging landscape with structure in ways that drew global admiration. In many respects, Jayaflava attempts a similar reframing — merging food, people and place into a narrative that feels both intimate and expansive.
The series moves through midnight kottu stalls, animated kitchen debates, artists’ studios and coastal bars. It captures contradiction — humour alongside hardship, ambition alongside nostalgia. It is not polished tourism propaganda, but textured storytelling.
Sri Lanka has often been presented to the world as either idyllic escape or troubled headline. Rarely as complex, contemporary and confident. By choosing food — the most universal of connectors — as its narrative vehicle, the country sidesteps cliché and leans into authenticity.
As the morning launch concluded, one message lingered: this is not simply a television debut. It is soft power in motion.
A nation, reframed — one dish at a time.
Business
Bourse buoyed by IMF chief’s positive observations
CSE grading was brisk and investor sentiment rose to a great extent when
the International Monetary Fund’s Managing Director Kristalina Georgieva, who is on a visit to Sri Lanka, made positive remarks on the progress of the local economy.
She made these comments after meeting President Anura Kumara Dissanayake and other relevant officials.
Consequent to these developments both indices moved upwards. The All Share Price Index went up by 37.02 points, while the S and P SL20 rose by 47.12 points.
Turnover stood at Rs 5.66 billion with nine crossings. Those crossings were reported in ACL Cables, where 1.5 million shares crossed to the tune of Rs 154.6 million; its shares traded at Rs 103,CW Macky two million shares crossed for Rs 82 million; its shares sold at Rs 41, Dipped Products 1 million shares crossed for Rs 61 million; its shares traded at Rs 58.
Colombo Dockyard 350,000 shares crossed to the tune of Rs 56.3 million; its shares traded at Rs 151, HNB 100,000 shares crossed for Rs 45.5 million; its shares traded at Rs 455,Royal Ceramics 500,000 crossed for Rs 25.5 million; its shares sold at Rs 51 and JKH one million shares crossed to the tune of Rs 22.4 million; its shares sold at Rs 22.40.
In the retail market top seven companies that mainly contributed to the turnover were; Softlogic Capital Rs 511 million (51.2 million shares traded), ACL Cables Rs 439 million (4.2 million shares traded), Asia Siyaka Rs 307 million (19.5 million shares traded), Sampath Bank Rs 251 million (1.6 million shares traded), HNB Rs 231 million (507,000 shares traded), Softlogic Finance Rs 205 million (31.4 million shares traded) and HNB Finance Rs 171 million (19 million traded). During the day 289.2 million share volumes changed hands in 42524 transactions.
It is said that the banking and manufacturing sectors performed well. Sampath Bank, for instance, was notable. Financial sector too performed well; especially Softlogic Finance.
Yesterday the rupee was quoted at Rs 309.42/44 to the US dollar in the spot market from Rs 309.40/50 the previous day, dealers said, while bond yields were broadly steady.
A bond maturing on 15.10.2029 was quoted at 9.40/45 percent.
A bond maturing on 01.03.2030 was quoted flat at 9.50/53 percent.
A bond maturing on 15.03.2031 was quoted at 9.70/75 percent, from 9.68/72 percent.
A bond maturing on 01.10.2032 was quoted at 10.10/42 percent, up from 10.10/13 percent.
A bond maturing on 01.06.2033 was quoted at 10.38/43 percent, up from 10.35/40 percent.
A bond maturing on 15.06.2036 was quoted at 10.60/65 percent.
An auction of Rs. 60,000 million Treasury bills was going on.
By Hiran H Senewiratne
Business
A photograph of a Jaffna youth becomes a global symbol for Sri Lanka’s stalled reconciliation
In the world of travel photography, some images do more than showcase a destination; they act as a silent mirror to a nation’s unresolved history. When British photographer Mark Julian Edwards’ portrait, ‘The Boy on the Bus,’ claimed the People’s Choice Award at the 2026 Travel Photographer of the Year (TPOTY) awards, it did more than celebrate technical brilliance. It signaled that the global community is still fixated on the scars of a region where the promise of a post-2009 peace has yet to be fully realised.
While the current NPP government often celebrates a ‘reunited’ Sri Lanka under President Anura Kumara Dissanayake, this award-winning shot turns the gaze toward Jaffna – a city that remains the emotional and political epicenter of the North-South divide. Captured through a rusting bus window, the boy’s expression – described as ‘fragile yet incredibly resilient’ – speaks to the persistent chasm between the North and the South that has remained unbridged nearly two decades after the war’s end.
Whatever the rhetoric from political platforms regarding the end of distrust, the international resonance of this image suggests that the world recognises a different reality. The capture of a northern commute is not merely a travel detail; it is a reminder of a landscape where the path to a predictable future is still viewed through a prism of distrust and uncertainty.
The significance of this win lies in its source: the public vote. Out of 20,000 entries, thousands of people from 160 countries chose this specific face. This global endorsement serves as a poignant reminder that while the local reconciliation process may be stalled in policy and paperwork, the human element of the conflict continues to haunt the international imagination.
The boy represents a generation born after the guns fell silent, yet his quiet, searching eyes reflect the weight of a reconciliation process that many feel has been more about infrastructure than true social healing. In the North, where the dust of history is still settling, such images strip away the veneer of normalcy to reveal the underlying scars that politicians often ignore.
The success of Edwards’ work comes at a time when the Sri Lankan Tourism Bureau and Jetwing Hotels are looking to nurture the next generation of local storytellers. However, the global acclaim for ‘The Boy on the Bus’ suggests that the most vital stories to be told are not the ones that look like postcards, but the ones that acknowledge the sensitivity and professional excellence required to document a people still waiting for a ta truly inclusive future.
As this image makes its way into international galleries and media outlets like the BBC, it stands as a testament to a hard truth: a photograph can win international accolades but the bridging of the political and social chasm remains Sri Lanka’s true, unfinished business.
The 2026 Travel Photographer of the Year winners were showcased and celebrated in Sharjah – UAE, Birmingham – UK and Rome – Italy. This year’s programme includes a special mentorship and winners’ trip to Sri Lanka, hosted by the Sri Lanka Tourist Board and Jetwing Hotels.
By Sanath Nanayakkare
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