Business
SLTDA issues clarification around securing US $ 417.5mn FDI to develop Uchchamunai island

Sri Lanka Tourism Development Authority (SLTDA) has issued a clarification following certain news reports consisting ‘misinformation and disinformation’ that Uchchamunai Island has been sold to foreign investors without following the due process.The Uchchamunai Island in question has NOT BEEN SOLD and a lease agreement was signed for a period of 30 years to a foreign investor in an attempt to drive much needed Foreign Direct Investments (FDIs), SLTDA report said.
It further said:
For SLTDA the income is by way of lease rental. The lease rental is based on the value provided by Department of Government Valuation done in October 2020 on which the agreement was finalised. The stated 417.5 million USD is the project cost estimated by the investor for a tourism project that will be implemented in stages. The project can only commence when all necessary approvals from the line agencies including Coast Conservation, Environmental Authority etc. are in place.
As per the Tourism Act No 38 2005 SLTDA is mandated to lease out (not sell) SLTDA owned lands to potential investors to develop and operate tourism hotels and resorts in a planned and sustainable manner. The SLTDA as in the past has continued to do so, attracting both foreign and local investments, and has been held answerable to the Committee on Public Enterprises (COPE) of the Sri Lanka Parliament for any delays in signing of lease agreements for already approved projects.Regarding the Uchchamunai island in Kalpitiya, SLTDA in July 2019 called for potential investors via newspaper adverts in all three languages. Post evaluation and approval of the Project Proposal Evaluation Committee, it was approved by the Board of SLTDA in February 2020, which includes industry stakeholders and government representatives. In August 2020 the minister of tourism via the secretary ministry of tourism approved the signing of a lease agreement. The draft agreement for the lease in terms of the technicalities was finalized in October 2020 and the draft agreement finalised in December 2020. It was ready to be signed in March 2021.
However, due to the pandemic situation and internal affairs of the investor the agreement signing was delayed. In April 2022, the Board of Investments (BOI) provided the investor with an ultimatum to sign the lease agreement on or before 11th of May 2022, failing which would result in the withdrawal of the application. As a result, the investor requested to sign the lease agreement with SLTDA on the 9th or 10th of May 2022. However, owing to the unfortunate incidents that occurred on the 9th and 10th of May 2022 in Sri Lanka and given BOI’s original request, the SLTDA management arranged signing of the lease agreement for 30-year lease as per land alienation policy on 11th of May 2022.
SLTDA also wishes to clarify that despite popular opinion, the SLTDA nor the government of Sri Lanka or any related stakeholder obtains 417.5 USD Million as a result of this transaction. The agreement was purely to lease out land for 30 years with ultimate ownership remaining with SLTDA.For SLTDA, as reiterated before, the mode of income is by lease rental where monthly the investor will pay a fixed fee of a rental for the period of 30 years which is based on the valuation done by the Department of Government valuation in the year 2020. The total cost of USD 417.5 million simply represents the total commercial value of the investment made by the said investor.
Business
UAE Pledges Support for the Promotion of Energy, Tourism, Investment and Foreign Employment Sectors

The Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), Sheikh Abdullah Bin Zayed Al Nahyan, stated that the UAE will prioritize the promotion of the energy, tourism, foreign investment and foreign employment sectors while further strengthening its longstanding ties with Sri Lanka.
The Deputy Prime Minister who is currently on an official visit to Sri Lanka accompanied by a high-level UAE delegation made these remarks during a meeting with President Anura Kumara Disanayake at the Presidential Secretariat on Tuesday (22).
The Deputy Prime Minister emphasized that this visit aims to further strengthen and expand the strong and longstanding bilateral relations between the two nations, with a focus on achieving mutual economic benefits through deepened cooperation for both countries.
Extending his best wishes on behalf of the UAE and its people to the new administration of Sri Lanka, the Deputy Prime Minister assured the UAE’s full support for the new government’s development agenda. Furthermore, he praised President Anura Kumara Disanayake’s dedication, efforts and commitment toward rebuilding Sri Lanka, as well as his positive approach toward relations with the UAE.
In response, President Anura Kumara Disanayake emphasized that Sri Lanka has now established an investment-friendly environment. He assured that unlike in the past, the country would not allow the re-emergence of an unstable climate that discouraged investment. The President also stressed that there are now strong legal frameworks in place to protect investments. The President also briefed the delegation on the government’s steps toward debt restructuring and achieving economic stability. Additionally, he outlined investment opportunities available in port terminal development, port city development, the tourism industry, the energy sector and transportation sector.
President Disanayake further emphasized that the new government’s objective is to position Sri Lanka as the region’s leading investment hub and premier tourist destination.
Among those present at the meeting were Minister of Labour and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando, Senior Additional Secretary to the President Roshan Gamage, Minister of State (UAE) Ahmed Ali Al Sayegh; UAE Ambassador to Sri Lanka. Khaled Nasser Al Ameri, Assistant Minister for Economic and Trade Affairs (UAE) . Saeed Mubarak Al Hajeri, Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs (UAE) Abdulla Balalaa, Deputy Chief of Staff at the Office of the Minister of Foreign Affairs to the UAE, Ahmed Burhaima, Director of the Policy Planning Department at the Ministry of Foreign Affairs (UAE) Muath Alwari, Senior Media and Content Specialist at the Office of the Minister of Foreign Affairs (UAE) Maitha Al Mansouri, Desk Officer for Asian Affairs and Pacific Department (UAE) Ms. Huda Al Abdali and several other officials.
[PMD]
Business
Dialog Enterprise partners with the National Chamber of Exporters to enable digital transformation of Sri Lankan exporters

Dialog Enterprise, the ICT corporate solutions arm of Dialog Axiata PLC, has partnered with the National Chamber of Exporters of Sri Lanka (NCE) as the official Digital Technology Partner to empower Sri Lankan exporters with cutting-edge digital solutions and Technology expertise.
This collaboration aims to equip exporters with advanced technology-driven capabilities to enhance efficiency, drive innovation, and improve competitiveness in global markets. As Sri Lanka’s No.1 ICT solutions provider, Dialog Enterprise will support NCE and its members with tailored technology solutions, digital transformation initiatives, and expert-led training programs to help businesses embrace Digital Transformation.
“With the government focusing on increasing exports, an export earnings target of $18.2 billion has been set for 2025. The NCE, as the exclusive private sector chamber working with Sri Lankan exporters and service providers to exporters, has engaged in many market access initiatives. The government is also progressing towards a digital economy, and we believe that Sri Lankan exporters must be part of this initiative and advance in the digital arena. It is crucial to ensure that our exporters utilise effective digital platforms to enhance their business activities, including productivity, cost efficiency, and competitiveness in international markets. We believe it is timely to have a Digital Technology partner to help our exporters remain competitive in terms of technology. In today’s rapidly evolving global marketplace, Sri Lankan exporters must integrate digital solutions to stay ahead and drive sustainable growth. This partnership with Dialog Enterprise marks a significant step in ensuring our members have access to the latest technological advancements and expertise to optimise their business operations,” said Shiham Marikar, Secretary General/ Chief Executive Officer- NCE.
This strategic partnership will extend technical empowerment and digital expertise to digital entrepreneurs, manufacturers, SMEs, apparel exporters, retail businesses, agriculture and other industries that rely on digital technology to expand their reach and enhance operational efficiency. With Dialog Enterprise’s industry-leading ICT portfolio, including converged connectivity, cloud services, cybersecurity, data analytics, and Internet of Things (IoT) solutions, exporters will have the tools to digitally transform their businesses and unlock new opportunities.
The collaboration will also introduce training sessions and industry expert support, ensuring NCE members stay ahead of the latest technological advancements and best practices in digital business operations. Additionally, Dialog Enterprise and NCE will work together to host future industry events and initiatives, focusing on technology adoption, digital security, and automation, further strengthening Sri Lanka’s position in the global trade ecosystem.
“At Dialog Enterprise, we believe that technology should be a catalyst for business growth and global expansion. As Sri Lanka’s No.1 ICT solutions provider, we invite businesses across all industries to partner with us in driving digital transformation, unlocking new efficiencies, and creating competitive advantages,” said Navin Pieris, Group Chief Officer – Dialog Enterprise.
Through this partnership, Dialog Enterprise reaffirms its commitment to empowering Sri Lankan businesses with world-class ICT solutions, ensuring they are well-equipped to succeed in an increasingly digital-first economy.
Business
Team Bileeta celebrating its 15th anniversary

Bileeta (Pvt) Ltd, a pioneering Sri Lankan technology company, proudly celebrates its 15th anniversary in 2025. From its inception, Bileeta has championed innovation and digital transformation—thriving enterprise digitalization in the era of AI. What began as a bold vision to create a world-class ERP platform has evolved into a globally recognized provider of next-generation enterprise solutions, empowering organizations across multiple sectors.
Established in 2010, Bileeta was built on a mission to humanize technology and empower organizations with innovative digital solutions. This mission led to the creation of Entution, Sri Lanka’s first-ever cloud-based ERP platform powered by business process architecture —developed entirely by local talent.
As part of its growth journey, Bileeta has expanded its global footprint by partnering with leading international channel partners and establishing regional offices in Singapore, Malaysia, and the Philippines. These strategic moves have strengthened Bileeta’s presence in Asia and enabled the company to serve its growing international customer base better.
In 2014, the company launched Entution ERP, a cloud-based solution designed to streamline operations, enhance accuracy, and deliver real-time business insights. In 2018, Bileeta introduced Entution Vesta, a Health Commodity and Vaccine Information Management System that transformed lifesaving medicine and vaccine distribution across national healthcare systems. Over 6,000 healthcare facilities in Nepal adopted the platform, and Gavi and The Global Fund have recognized it as the most comprehensive eLMIS (Electronic Logistics Management Information System) for low- and middle-income countries. Today, Entution eLMIS supports the medical supply chains of Nepal, the Philippines, and Zimbabwe—a milestone achievement for the Sri Lankan ICT sector and a testament to the country’s growing influence in global digital solutions.
With over 100 organizations, 16,000+ users, and more than 40 million transactions processed through the Entution platform, Bileeta has significantly impacted sectors, including healthcare, livestock, Agriculture, manufacturing, trade, and services.
CEO Sanji De Silva reflected on the company’s journey: “From the beginning, our goal was to build a product that could compete with the best ERP platforms in the world.
We started with just 18 people and a big dream—to become the ERP vendor of choice for global organizations. Today, we’re proud to see that dream realized and Sri Lankan innovation recognized worldwide. Our solutions are now adopted by organizations across various sectors, including four national Ministries of Health. It’s incredibly rewarding to see how our technology is helping organizations become more profitable, scalable, and sustainable.”
Bileeta’s evolution continues with the integration of AI-powered functionality such as demand forecasting into Entution, enabling businesses to optimize inventory, anticipate trends, and improve supply chain efficiency. These innovations reflect Bileeta’s commitment to powering the future of ERP and enabling smarter, data-driven enterprise operations through AI.
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