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South Korean company together with local entity to launch Carbon Credit Exchange in Sri Lanka

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Richard Yoon (left) CEO of KIUDA Digital Holdings with Dr Sapumal Ahangama - Co-Founder of Xeptagon

Kiuda Digital Holdings, backed by direct international investments will be launching their state-of-the-art carbon exchange – KiudaEXin the near future.

The locally developed carbon exchange will primarily target the growing demand for carbon offset credits in South Korea, Japan, and other regions of Asia. With a multi-milliondollar valuation, the Kiuda Carbon Trading eco-system is backed by direct investments and endorsements from well-known and leading South Korean securities, financial firms and conglomerates.

KiudaEX will initiate the next generation of carbon trading by seamlessly connecting global carbon offset credit suppliers to conglomerates and businesses that are targeting to be carbon neutral through carbon offset credits. KiudaEX will be a fully automated carbon offset credit exchange with direct connectivity to well-known carbon registries. The system will solve many of the issues plaguing carbon trading, such as lack of transparency, fraud, double spending and long paperwork, through the innovative use of technologies such as blockchain, process automation, and security measures.

The KiudaEX carbon exchange and its associated Climate Finance software were fully developed in Sri Lanka using local tech talent and expertise. In addition, South Korean investors have set up the company, Kiuda Digital Holdings, in Sri Lanka which will be responsible for operating the Carbon Credit Exchange.

Richard Yoon, CEO of Kiuda Carbon Exchange, said, “The global carbon market is going to be a multi-billion industry in a couple of years. KiudaEX is using the latest technology and we are well-positioned to be a market leader in South Korea, Japan, and globally. We will solve a lot of current issues in the carbon markets. Our exchange will be at the forefront when the carbon markets pick up with mandatory regulatory enforcement.”

He further mentioned “I believe that Korean and Japanese companies and financial institutions will view Sri Lanka as a really good investment destination. We being able to attract direct investments from Korean financial organizations is a direct testament to it. We are very happy to have learnt about these advantages of Sri Lanka before anyone else. As you can see, if you have a solution based on blockchain technology, it doesn’t matter which country you do business in, but I think Sri Lanka is the best place to do business out of all the countries.”

Xeptagon, an innovation-driven local tech startup primarily focusing on Climate Finance Technologies is the local partner of Kiuda Digital Holdings. Dr Sapumal Ahangama, Co-Founder of Xeptagon mentioned “Kiuda Carbon Exchange will be a game changer in the carbon trading domain. It is developed using Xeptagon’s core Climate Finance technology framework. We already provide climate finance and carbon trading-related software development services to global inter-governmental organizations, governments and financial organizations in the USA, Hong Kong, the African Region and the Gulf Region among others.”



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Sri Lanka betting its tourism future on cold, hard numbers

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“From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility holds its panel discussion

National Airport Exit Survey tells quite a story

Australia’s role here is strategic, not charitable

In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.

The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.

Tourists have a real sense of achievement after hiking the trail to Ella Rock

The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”

Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.

“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.

“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.

By Sanath Nanayakkare

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New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda

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New Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola

In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.

Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.

“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.

To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:

Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.

Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.

Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.

Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.

Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.

By Sanath Nanayakkare

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Brandix recognised as Green Brand of Year at SLIM Awards 2025

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Brandix has championed best practices in the sphere of sustainable manufacturing over the years

Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.

The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.

A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.

Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”

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