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‘Port City Colombo SEZ project has attracted USD 1.3 billion FDI since inception’

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Since its inception, the Port City Colombo SEZ project had attracted USD 1.3 billion in foreign direct investment without imposing any liability or cost on the Sri Lankan government, COO, Colombo Port City Economic Commission Revan Wickramasuriya said.

A press release said in this connection: ‘Port City Colombo (PCC), the ground-breaking infrastructure project aimed at reshaping Sri Lanka’s economic landscape, celebrated a momentous milestone as its infrastructure development phase nears completion and commercialization is set to begin. The occasion was marked by a moment of unity with a multi-religious ceremony, invoking blessings on the nation and the project’s success. The Sales Gallery of Port City Colombo was adorned with a commemorative plaque, symbolizing the project’s progress and transformative impact, with the theme, “Bridging Boundaries, Limitless Possibilities”.

‘Mahinda Yapa Abeywardana – Speaker of the Parliament, Ministers and Members of Parliament, Governor of the Central Bank of Sri Lanka, Members of the Monetary Board, Secretary to the Ministry of Investment Promotions, ambassadors and representatives from foreign missions in Sri Lanka were among the dignitaries gracing the occassion, highlighting the collaborative efforts and unwavering commitment of all stakeholders involved in this pivotal economic and infrastructure development initiative.

“The 269 hectares of reclaimed land is 100% owned by the government of Sri Lanka and has already contributed approximately USD 3 to 4 billion to the GDP, creating over 12,000 direct jobs and providing training for more than 4,000 Sri Lankan workers across over 20 Sri Lankan sub-contractors”, emphasized Revan Wickramasuriya, Chief Operating Officer of the Colombo Port City Economic Commission.

‘Looking ahead, the next phase of the Colombo Port City, the Construction Stage, is about to commence and is expected to attract over USD 14 billion of investment. This phase will result in approximately USD 4.1 billion in locally sourced labour and materials, generating over 450,000 employment opportunities, of which over 400,000 will be for Sri Lankans. The estimated contribution to GDP from the Construction Stage alone is projected to reach USD 24 billion.

‘Once fully operational, Port City Colombo, as the country’s single largest development and foreign direct investment to date, is poised to contribute USD 13.8 billion annually to Sri Lanka’s GDP, offering over 140,000 direct employment opportunities.

In his concluding remarks, Wickramasuriya affirmed that Port City Colombo is ready for business as the region’s first multi-currency, export of services Special Economic Zone, with the Colombo Port City Economic Commission acting as its single-window investment facilitator. This framework ensures a conducive operating environment and streamlined business procedures for both local and foreign investors.

‘Port City Colombo represents a visionary endeavour with ambitious objectives to foster global investments, spur innovation, and create new employment opportunities, ultimately enhancing Sri Lanka’s competitiveness on the international stage. Situated strategically along the Western Coastline and neighbouring the heart of Colombo, PCC encompasses a sprawling 269-hectare area of reclaimed land, featuring a pristine waterfront and meticulously planned urban spaces. The ongoing construction progress exemplifies the project’s momentum, and upon completion, Port

‘City Colombo will present a vibrant fusion of residential, commercial, and recreational zones, catering to the diverse needs of residents and visitors.

‘The recent plaque unveiling ceremony signifies a significant juncture in PCC’s evolution, marking its emergence as a hub that celebrates progress and promises a transformative impact for Sri Lanka. PCC aspires to become a world-class business and lifestyle destination, leveraging its strategic location, extensive land area, and state-of-the-art infrastructure. By attracting global investments and fostering economic diversification, Port City Colombo is poised to redefine Sri Lanka.’



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“ViYASA” National Business Facilitation Centre (NBFC) to be opened tomorrow (22)

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The National Business Facilitation Centre (NBFC), which is being established under the Presidential Secretariat with the aim of removing administrative and regulatory barriers that exist among government institutions in relation to investment and industry and expediting these processes, will be opened tomorrow (22).

The centre is being established on the President’s initiative with the aim of bringing about a positive transformation in the industrial sector. The centre will provide solutions to issues that arise in dealing with the government machinery when starting and operating a business, while also coordinating with the relevant government institutions to provide the necessary facilities.

The “ViYASA” National Business Facilitation Centre (NBFC) has been established at Building C-80, Hector Kobbekaduwa Mawatha, Colombo 07, and is headed by Senior Additional( Secretary to the President, Seevali Arukgoda.

The centre will be opened under the patronage of Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando and Minister of Industry and Entrepreneurship Development Sunil Handunnetti, with the participation of Secretary to the President Dr Nandika Sanath Kumanayake.

The website https://nbfc.presidentsoffice.gov.lk is also scheduled to be officially launched on the occasion.

President’s Media Division)

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Charting a worker-centered AI future: Colombo hosts landmark ITF conference

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The ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka

By Sanath Nanayakkare

Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.

These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.

Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.

As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.

Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.

Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.

Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.

Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.

Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.

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Bridging the digital divide: Sri Lanka’s airport licence challenge

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As tourism surges from digitally advanced markets like India, modern independent travelers arriving at BIA find themselves caught in a mismatch between cloudstored credentials and local paper-based transport protocols.

By Sanath Nanayakkare

As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).

While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.

This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.

The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.

Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.

For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.

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