Business
Sri Lanka explores Blended Finance instruments to bridge financing gap for SDGs
The 2024 Financing for Sustainable Development Report reveals that nearly USD 4.2 trillion is needed annually worldwide to achieve the Sustainable Development Goals (SDGs) by 2030. Developing countries face an annual funding shortfall of USD 2.5-3.0 trillion to meet these goals. Sri Lanka too requires additional resources for crisis recovery and long-term sustainable development.
A promising solution to address the SDG financing gap is to explore innovative financing mechanisms such as Blended Finance Facilities that could combine public and/or philanthropic capital with private sector investments to promote sustainable development. This approach can pool resources from various stakeholders, accommodating different risks, returns, and impact appetites, and aggregate high-impact investment opportunities.
The Sustainable Development Council recently convened a Roundtable Discussion to explore opportunities and critical enablers towards establishing blended finance instruments in Sri Lanka drawing on the insights of Satya Tripathi, the Secretary General of the Global Alliance for a Sustainable Planet, New York. A former UN Assistant Secretary-General, Head of New York Office at UN Environment and Secretary of the UN Environment Management Group, Mr. Tripathi was instrumental in establishing the Tropical Landscapes Finance Facility (TLFF) in Indonesia in 2016 and the Sustainable India Finance Facility (SIFF) in 2017 to leverage large scale private finance flows to achieve transformative social and environmental impact..
Tripathi highlighted that TLFF in Indonesia focused on reforestation and conservation and showcased how blended finance can effectively mobilize private capital towards public environmental and social goals. By preventing further deforestation and directly employing 16,000 people while indirectly benefiting 34,000 individuals, the TLFF has contributed to Indonesia achieving one of the lowest deforestation rates in the world. Another success story highlighted by Tripathi was the implementation of natural farming practices in Andhra Pradesh, India. Advocating for regenerative agriculture, this initiative emphasized the transition from synthetic chemicals to natural farming methods, resulting in significant economic, environment, and health benefits. Supported by the German Development Bank providing catalytic capital to mobilize private investments, this initiative demonstrated how a holistic approach to sustainable farming can lead to improved livelihoods, reduced disease incidence, and enhanced environmental conservation.
The Roundtable Discussion was attended by key stakeholders including senior government officials, representatives from leading business chambers, banks and other financial institutions, development partner agencies and think tanks.
Business
Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market
By Sanath Nanayakkare
Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.
Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.
He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.
“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.
Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.
Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.
Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.
Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.
Business
SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline
SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.
Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.
Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”
Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.
Business
JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50
JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.
As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.
JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.
Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.
Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”
JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.
As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.
-
News6 days agoSri Lanka escalates anti-graft drive with Shiranthi’s jailing
-
News7 days agoNPP govt. reminded of its responsibilities as US warship leaves Colombo
-
Latest News7 days agoFarhan, Sadaqat help Pakistan ace 183 chase to go 1-0 up
-
Latest News5 days agoFarhan and Sadaqat help Pakistan seal series in style
-
News6 days agoIranian ships stranded, Lanka fears US sanctions
-
Latest News3 days agoNissanka’s return headlines Sri Lanka’s Test squad against Pakistan
-
News7 days agoInterdicted top House official Kularatne receives special recognition in Mexican Parliament
-
Features5 days agoIntake 16: 45 years of duty and honour
