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SL signals readiness to host ‘new class of global luxury’

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Dignitaries at the apartment launch

Colombo’s skyline has a new jewel — the Sapphire Residences, where apartments start at USD 1.2 million and rise to nearly USD 3 million for the larger units. Unveiled to the media at an exclusive walk-through recently, this ultra-luxury oceanfront development is redefining premium living and signaling growing investor confidence in Sri Lanka’s high-end real estate market.

Developed by WelcomHotels Lanka (Private) Limited, a subsidiary of ITC Hotels Limited India, the project marks ITC’s first mixed-use development outside its home country. For ITC — a century-old conglomerate with a formidable reputation for excellence and sustainability — the Colombo project represents both a milestone and a message: Sri Lanka is ready to host a new class of global luxury.

“This is a landmark development and a statement of confidence in Sri Lanka’s future, said Subi George, Managing Director of WelcomHotels Lanka (Pvt) Ltd. “By merging world-class design with ITC Group’s philosophy of Responsible Luxury, we are proud to introduce a new benchmark for sustainable, ultra-luxury living in South Asia.”

The development comprises 132 residences, aptly called Sky Mansions, each designed to offer panoramic views of the ocean, Beira Lake and the Colombo cityscape. The smallest two-bedroom units span a generous 3,000 square feet, while the largest — the master penthouse — covers a breathtaking 20,000 square feet.

“All 132 apartments offer scenic water views, and 131 of them look directly over the Indian Ocean, noted Neluka De Alwis, Chief Sales and Marketing Director of Sri Lanka Sotheby’s International Realty, the exclusive sales and marketing partner for Sapphire Residences. “This is ultra-luxury vertical living at its best. In real estate, location is everything — and here, we’re right on the Galle Face oceanfront, Colombo’s gold phase.”

She added that the development’s clientele primarily comprises ultra-high-net-worth individuals (UHNIs) — both Sri Lankans based locally and overseas, as well as expatriates and foreign investors. “Been fortunate to attract discerning buyers who are end-users. These are not speculative investors — they’re people who plan to live here and make Sapphire their home, she said.

The Sapphire Residences is the result of collaboration among some of the world’s most respected names in architecture and design. Gensler (USA) served as the principal architect in partnership with Surath Wickramasinghe Associates, one of Sri Lanka’s leading architectural firms. The interiors were created by YOO Inspired by Philippe Starck (UK), while Thornton Tomasetti (USA) handled structural engineering and Burega Farnell (Singapore) crafted the landscape.

The striking triangular design and north-south orientation maximise light, airflow, and panoramic views, setting a new aesthetic standard for Colombo’s urban skyline. The project also embodies ITC’s sustainability philosophy, having achieved LEED Platinum certification, the globally recognised benchmark for environmentally responsible construction.

“This development is more than just glass and steel — it’s a reflection of optimism and belief in Sri Lanka’s potential, De Alwis added. “Projects like this show that Colombo is ready to compete on the global stage, offering world-class living infused with Sri Lankan warmth and charm.”

By Ifham Nizam ✍️



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UN Global Compact Network Sri Lanka mobilizes business to lead with purpose

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As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.

It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.

More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.

Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.

UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.

Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:

“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”

The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.

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A regional conversation on the future of English language teaching

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Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world

The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?

Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.

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The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition

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The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.

Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.

The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.

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