Business
National planning symposium to explore insights and challenges for a promising future
A Symposium on National Planning is set to take place at the Bandaranaike Memorial International Conference Hall (BMICH) on March 19, 2024. This highly anticipated event aims to bring together policymakers, economists, and political representatives to gain valuable insights into the significance of national planning, its challenges, and future prospects.
The symposium will consist of engaging sessions covering various aspects of national planning. The event will kick off with a session titled “National Planning Today – Insights from Experts,” where authoritative figures, including R H W A Kumarasiri, Director General of National Planning, will share their experiences and perspectives on the current state of national planning. This session will provide profound insights into the critical role of planning in shaping the future of the nation.
Following that, the symposium will feature a session titled “National Planning Yesterday and Its Implications,” presented by Dr. Indrajith Coomarswamy, a renowned economist and former Governor of the Central Bank. Dr. Coomarswamy will provide a historical overview of national planning, offering a retrospective analysis of past strategies and their implications for the present. This session aims to provide valuable lessons and a deeper understanding of the evolution of national planning in the country.
The symposium will also include a session titled “Aligning Macroeconomic Policies with National Planning Objectives,” presented by the Governor of the Central Bank. This session will explore the interplay between national planning and macroeconomic policies, providing insights into aligning economic goals with national planning objectives. Attendees will gain valuable knowledge on fostering sustainable growth and stability in the years to come.
The symposium will conclude with a session titled “Addressing the Challenges of National Planning Today,” featuring perspectives from Dr. Lloyd Fernando, a distinguished academic and expert in public policy. Dr. Fernando will shed light on the current challenges faced by national planning initiatives, encompassing areas such as urban development, environmental sustainability, social equity, and technology adoption. This session aims to provide attendees with a comprehensive understanding of the complex landscape within which national planning operates and offer effective strategies to navigate these challenges.
In addition to leading experts, the symposium welcomes political representatives from parties with parliamentary representation. The National Planning Symposium aims to be a groundbreaking event, providing a platform for knowledge-sharing and critical discussions on the future of national planning. Attendees will have the opportunity to engage with prominent experts, gain valuable insights, and contribute to shaping a more robust and inclusive planning framework for the nation.
In addition, the Gamani Corea Foundation has conducted a series of research studies on the socio-economic situation in the country. These studies, in the form of “Issues Papers,” have been completed by eminent socio-economic researchers. The foundation aims to consolidate the findings within the framework of the best-known principles of national planning and invites participation from political parties on a non-partisan basis. Each political party with representation in Parliament is offered five seats to freely express their views at the symposium.
The invitees will have the opportunity to engage with leading experts, political representatives, and fellow participants to shape a more robust and inclusive planning framework for the nation.
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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