Business
Satynmag.com announces global partnership with Catalyst for Women Entrepreneurship
Satynmag.com Sri Lanka’s leading women’s magazine in print since 1998 and totally online since 2013, has announced a global partnership with one of India’s most vibrant women entrepreneurship ecosystems, Catalyst for Women Entrepreneurship (CWE).
The partnership will open doors to Sri Lankan women owned businesses to regional marketplaces while enabling women entrepreneurs of both India and Sri Lanka to network and collaborate on projects of mutual benefit.
Catalyst for Women Entrepreneurship (CWE) is a comprehensive ecosystem that enables women entrepreneurs to start up and scale their businesses. CWE offers a nurturing platform that gives access to finance, markets, trade networks, business skills, technology, information and industry mentors. They also provide validated professional service providers to women entrepreneurs. www.cwe.org.in
Commenting on the partnership, Nayomini R Weerasooriya, Founder/Editor of www.satynmag.com and Mentor – women empowerment, says that it will facilitate greater opportunities for Sri Lankan women entrepreneurs, especially those who possess specialized skills and innovative products. “There are some great innovations pioneered by women entrepreneurs out there. We are certain that this partnership would help them secure new markets.”
Sucharita Eashwar, Founder CWE India, Ambassador 50InTech, Co-Chair B20 Women Council G20 Summit, Advisor and Mentor to women entrepreneurs, says that the partnership will take co-operation between women owned businesses of both countries and the region to great heights. ” Women entrepreneurs will be able to enter new markets, source new opportunities and engage with other women entrepreneurs at a global level through this partnership” she added.
There will be joint initiatives that will provide specialized entrepreneurial knowledge sharing & business know-how for women entrepreneurs. Visits by delegations towards shared business opportunities for women entrepreneurs of both countries will also be included. Training and empowerment initiatives that would enhance the scope of business potential for women owned businesses will also take place under the agreement.
Nayomini says that www.satynmag.com has always encouraged an active dialogue with women entrepreneurs, particularly as they struggle to recover from Covid-19 complications ; this includes www.satyneshop.com , an ecommerce platform developed exclusively for women owned businesses, The SHE Initiative which helps women entrepreneurs network, the Satynmag Small Business Support and Expert Advice series which provide knowledge and expertise in business building, marketing and finance for women entrepreneurs who do not have access to specialised knowledge in building a business. Satynmag also pioneered the Satynmag Beauty Awards for Women owned beauty businesses, giving recognition for many innovative beauty products introduced by women entrepreneurs.
Providing mentoring and knowledge sharing advice for our women entrepreneurs, fostering a spirit of strength and courage for them to overcome challenges and grow, is also a part of Satynmag’c women entrepreneur outreach.
“Satynmag.com and CWE will work together to empower women entrepreneurs of India and Sri Lanka to make use of new opportunities and view new areas of growth through the partnership.” Sucharita says in conclusion.
Business
“ViYASA” National Business Facilitation Centre (NBFC) to be opened tomorrow (22)
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)
Business
Charting a worker-centered AI future: Colombo hosts landmark ITF conference
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.
Business
Bridging the digital divide: Sri Lanka’s airport licence challenge
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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