Business
Relief measures to assist affected Small and Medium Enterprises
As agreed with the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA), to provide relief measures to affected SMEs by licensed commercial banks and licensed specialised banks, Circular No. 04 of 2024 dated 19.12.2024, and its addendum, Circular No. 01 of 2025 dated 01.01.2025 were issued by the Central Bank of Sri Lanka to ensure the effective implementation of the relief measures specified in the cited Circulars in a consistent manner across all licensed banks.
In case of any rejections or disputes, borrowers are requested to contact the respective banks and to appeal to the Director, Financial Consumer Relations Department of CBSL (FCRD), if required through the following channels:
Based on the repayment capacity and the submission of an acceptable business revival plan by the borrower, the relief measures extended to affected SMEs include rescheduling of credit facilities up to a period of 10 years, extending the time to commence repayments based on the capital outstanding, waiving off unpaid interest subject to conditions, and providing new working capital loans. Despite the availability of the above relief measures, limited number of borrowers had approached licensed banks to avail themselves of these benefits to date.
In addition to the above measures, with the gradual recovery of the economy, in order to facilitate the sustainable revival of businesses that were adversely affected during the recent past, several other measures were taken by CBSL together with the banking industry.
Accordingly, inter alia, strengthening the Post Covid 19 revival units of licensed banks, CBSL issued Circular No. 02 of 2024 dated 28.03.2024 on “Guidelines for the Establishment of Business Revival Units of Licensed Banks” mandating banks to establish Business Revival Units (BRUs) to assist viable businesses that are facing financial and operational difficulties.
Under BRUs, banks may provide support to viable businesses, such as restructuring and rescheduling of credit facilities including the adjustment of interest rates, maturity extensions, providing interim financing, advisory services etc., subject to the condition that such borrowers are required to submit acceptable business plans and feasible repayment plans. As reported by banks, by the end of 2024, around 6,000 facilities had been facilitated through these BRUs.
The above cited Circulars and Guidelines can be accessed via https://www.cbsl.gov.lk
Business
CAHM students shine at National Bartenders Competition and Dainties 2026
Students of the Colombo Academy of Hospitality Management (CAHM) at SLIIT once again demonstrated their talent, creativity, and professional excellence by securing outstanding achievements at two prestigious national hospitality competitions held recently in Sri Lanka.
The Colombo Academy of Hospitality Management (CAHM) is Sri Lanka’s leading private hospitality education institute, established in 2013 and located at the SLIIT Main Campus in Malabe. Renowned for delivering internationally recognised qualifications in partnership with the William Angliss Institute (RTO 3045), Australia—the Australian Government’s specialist hospitality education institute and the country’s leading provider of hospitality, tourism, foods and events education—CAHM offers Australian-standard vocational qualifications that combine international best practices with hands-on practical training and strong industry relevance, enabling graduates to pursue rewarding careers around the world.
At the 31st National Bartenders Competition (NBC), organized by the Sri Lanka Hospitality Graduates Association (SLHGA) in partnership with International Distillers Limited (IDL), CAHM student Anurasi Chandrasoma (Commercial Cookery Batch 22) emerged as the Winner in the highly competitive Hotel School Category. The competition, held on 26 May 2026 at the Sri Lanka Institute of Tourism and Hospitality Management (SLITHM), Colombo, attracted more than 75 participants from hospitality education institutions across the country.
Representing CAHM alongside the winner were Dishala Gunawardhana (Hospitality Management Batch 37), Sunera Sathindu (Commercial Cookery Batch 21), and Devindu Amarasekara (Patisserie Batch 11), all of whom showcased exceptional bartending skills and professionalism. The achievement marks another significant milestone for CAHM, reinforcing its reputation as one of Sri Lanka’s leading hospitality education institutions.
Business
Asia-Pacific business leaders to convene in Sri Lanka for UN Global Compact’s flagship regional event
Asia-Pacific stands at the forefront of one of the defining transitions of our time. Home to many of the world’s fastest-growing economies, the region is also confronting some of the world’s most pressing sustainability challenges—from climate change and biodiversity loss to widening inequalities, geopolitical uncertainty and rapid technological transformation. As these challenges reshape the global business landscape, businesses are increasingly being called upon not only to respond, but to lead.
Against this backdrop, Sri Lanka will host Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth, the United Nations Global Compact’s flagship regional event for Asia-Pacific. Bringing together more than 200 business leaders, sustainability practitioners, policymakers, representatives from the United Nations and UN Global Compact Country Networks from across the region, the two-day event will provide a platform to strengthen partnerships, exchange practical solutions and mobilize business leadership in support of the Ten Principles of the United Nations Global Compact and the Sustainable Development Goals (SDGs).
Led by the UN Global Compact Asia-Pacific Regional Hub and hosted in collaboration with UN Global Compact Network Sri Lanka, the regional event reflects a shared commitment to advancing responsible business and strengthening regional collaboration at a time when sustainable development depends on collective leadership and cross-sector cooperation.
The event will welcome Sanda Ojiambo, Assistant Secretary-General, CEO & Executive Director of the United Nations Global Compact, whose presence spotlights the strategic importance of the Asia-Pacific region within the United Nations Global Compact. Her first official visit to Sri Lanka signals the growing role of the region in driving responsible business and sustainable development, while offering participating companies a unique opportunity to engage with global leadership, showcase their sustainability journeys, and help shape the next chapter of collective action towards the Sustainable Development Goals.
Alongside Sanda Ojiambo, the Forum will also convene more than 60 global and regional leaders from business, the United Nations and civil society, including Dilhan C. Fernando, Chairman of Dilmah Ceylon Tea Company and Chairman of UN Global Compact Network Sri Lanka, and Sandra Wu, ESG Executive Adviser at Mirait One Corporation, fostering dialogue and collaboration to accelerate business leadership for sustainable and inclusive growth across Asia-Pacific.
Forward Faster Now | APAC 2026 also marks an important milestone in advancing the United Nations Global Compact’s 2026–2030 Strategy, which places renewed emphasis on equipping businesses with the knowledge, tools and partnerships needed to accelerate sustainable business transformation, catalyzing collaboration to address shared global challenges, and advancing responsible business leadership as a cornerstone of sustainable development. As one of the first flagship regional events aligned with this strategic direction, the event will help translate global ambition into regional action by connecting leaders, sharing practical experience and fostering the partnerships needed to create lasting impact.
Register Your Interest
Forward Faster Now | APAC 2026 will take place in Colombo, Sri Lanka, on 11–12 August 2026.
To register your interest or learn more about the event, please contact:
Chamath Kalupahana
Country Focal Point – Forward Faster Now | APAC 2026
Manager – Participant Engagement & Strategic Planning
UN Global Compact Network Sri Lanka
Email: chamath@unglobalcompact.org.lk
Business
SLT-MOBITEL crowned Sri Lanka’s leading Sustainable ICT Brand
SLT-MOBITEL, Sri Lanka’s National ICT Solutions Provider and the country’s leading integrated telecommunications brand, has been honoured as the Winner in the Sustainable Telecommunication Service Provider category at the prestigious Sri Lankan Sustainability Awards (SSA) 2026. This significant recognition reaffirms SLT-MOBITEL’s unwavering commitment to embedding sustainability at the heart of its business while driving the nation’s digital transformation.
As the country’s most trusted ICT brand, SLT-MOBITEL continues to lead by integrating Environmental, Social and Governance (ESG) principles across its operations, investments and digital innovations. The award reflects the company’s long-standing dedication to creating sustainable value for customers, communities and the environment while shaping a smarter, greener and more connected Sri Lanka.
The Sri Lankan Sustainability Awards (SSA) is a premier national platform that celebrates organizations demonstrating exceptional leadership, innovation and measurable impact in advancing sustainability. Aligned with global climate goals and national development priorities, the awards recognize excellence across more than 50 categories spanning technology, energy, infrastructure, manufacturing, finance, education, media and community development.
Winning the ICT category underscores SLT-MOBITEL’s leadership in delivering future-ready digital solutions while championing responsible business practices. Through strategic investments in renewable energy, energy-efficient infrastructure, digital inclusion, climate action, responsible governance and community empowerment initiatives, the company continues to set industry benchmarks for sustainable growth.
Guided by internationally recognized sustainability frameworks and the United Nations Sustainable Development Goals (SDGs), SLT-MOBITEL remains committed to leveraging technology as a catalyst for positive environmental and social impact. Sustainability is deeply embedded within the company’s long-term strategy, ensuring that innovation and responsible growth go hand in hand.
This prestigious accolade further strengthens SLT-MOBITEL’s position as Sri Lanka’s leading sustainable ICT brand, reinforcing its commitment to empowering the nation through innovative digital connectivity while building a resilient, inclusive and environmentally responsible future for generations to come.
-
Features6 days agoTwo memorable excerpts from a former SLAF commander’s memoir
-
Business6 days ago‘Giving up was never an option’: The fisherman who fought back after losing millions in SL
-
Latest News7 days agoDavis cup Asia/Oceania Group IV 2026 to be held in Colombo from 20th to 25th July
-
Life style6 days agoTaste of the Swiss Alps comes to Colombo
-
Features6 days agoErdoğan’s New Republic
-
Midweek Review3 days agoThree high-profile alleged suicides shaping key investigations
-
News7 days agoEvidence recorded in money laundering case against Yoshitha Rajapaksa
-
News7 days agoDengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
