Business
Vital shift in global positioning of Ceylon Tea and Ceylon Cinnamon
Dilmah Tea chairman and CEO Dilhan C. Fernando launched the Genesis Tea & Cinnamon Experience at the historic Genesis facility in Colombo recently, the same location where his father, Merrill J. Fernando, began producing Dilmah Tea four decades ago. The launch, attended by tourism stakeholders, chefs and sustainability advocates, marked a significant shift in how Sri Lanka positions its heritage products—Ceylon Tea and Ceylon Cinnamon—for global recognition.
Addressing the gathering, Dilhan Fernando said that Genesis holds deep symbolic and practical importance for the company. Not only is it the birthplace of the Dilmah brand, but it is also now the site of a rebirth—an experiential space dedicated to showcasing the value of Sri Lanka’s most iconic exports. He said Genesis has been aligned with his father’s founding vision of empowering the tea industry and giving back to the country through meaningful social enterprise.
Fernando pointed out that his father was the first tea grower in any producing country to bring single-origin, value-added tea directly to the global market. This move ensured that the financial benefits of the product remained within Sri Lanka, supporting workers and communities. Today, Dilmah’s philosophy continues to fund education, biodiversity restoration and support for differently abled youth across the country.
Now, Fernando says, the same approach is needed for cinnamon. Despite its long-standing value—revered as far back as 1000 BC and once considered more valuable than gold—Ceylon Cinnamon has not received its due recognition in modern markets. The reason, he says, is a lack of understanding and strategic positioning. True Ceylon Cinnamon, he explained, is entirely different in flavour, aroma, and health benefits compared to cassia, a cheaper and more common substitute often marketed incorrectly as cinnamon.
Through Genesis, Dilmah aims to educate consumers, chefs, and even suppliers about the fundamental difference between cassia and Ceylon Cinnamon. The centre is designed not just as an exhibition site but as a sensory and educational experience where visitors can engage with the full story of both tea and cinnamon, from cultivation to final product. Fernando says these two products are central to three major global consumer trends: natural wellness, authenticity and flavour exploration—all areas where Sri Lanka can excel.
He explained that Genesis will also serve as a sustainability hub, hosting artists, thinkers, and youth focused on issues such as climate, biodiversity, and social entrepreneurship. Already, the facility supports hackathons, student-led innovations and community-focused discussions. In his words, ‘Genesis represents an effort to link Sri Lankan talent and natural resources with global opportunity through better storytelling and deeper awareness.’
Malik Fernando, Chairman of the Sri Lanka Tourism Alliance and Director of Resplendent Ceylon, added that the launch of Genesis is significant from a tourism perspective. He noted that while Sri Lanka’s neighbouring Indian Ocean destinations offer beach-focused luxury, Sri Lanka’s strength lies in its diversity—in culture, food, nature and heritage. Products like tea and cinnamon, he said, are deeply embedded in the country’s history and identity.
Australian-Sri Lankan chef and TV personality Peter Kuruvita, who also spoke at the event, emphasized the need for urgent education and regulatory reform around cinnamon. Kuruvita spoke passionately about how cassia has wrongly been accepted as cinnamon in almost every kitchen around the world. He said that even top chefs often don’t realise the difference, since most procurement is driven by cost and not quality.
Kuruvita recommended a form of appellation control, much like Champagne in France, to protect the identity of Ceylon Cinnamon. He said that store buyers routinely select cassia, which is around USD 6 per kilo, instead of Ceylon Cinnamon, which sells at about USD 20 per kilo. But, he argued, most recipes use cinnamon in grams, not kilos, so the actual price difference in a dish is marginal—while the difference in quality and health impact is significant.
By Ifham Nizam
Business
World Bank puts USD 110m into climate-resilient road rebuilding
By Ifham Nizam
The World Bank has approved USD 110 million in additional financing to rebuild around 600 kilometres of roads damaged by Cyclone Ditwah, with the investment aimed not merely at restoring connectivity but at making critical transport infrastructure more resilient to future climate shocks.
The financing comes against a much larger recovery requirement for the transport sector, estimated at USD 1.31 billion, highlighting the scale of the infrastructure challenge following one of the most destructive weather disasters to hit the country in recent years.
The World Bank said the additional financing, provided through the International Development Association (IDA) Crisis Response Window, would support road reconstruction incorporating improved drainage, landslide protection and upgraded engineering standards.
‘Cyclone Ditwah has had a devastating impact on connectivity across Sri Lanka, but rebuilding also gives us an opportunity to build back stronger, said Gevorg Sargsyan, World Bank Group Country Manager for Sri Lanka and Maldives.
The World Bank said the programme would go beyond repairing damaged roads, helping reconnect farmers with markets, communities with essential services and households with economic opportunities.
The additional financing will extend the Inclusive Connectivity and Development Project (ICDP) by three years, taking total World Bank transport investment under the operation to USD 610 million.
The World Bank’s December 2025 GRADE assessment estimated Cyclone Ditwah had caused USD 4.1 billion in direct physical damage, equivalent to around four percent of GDP. Infrastructure accounted for approximately USD 1.735 billion, or 42% of the total, with roads, bridges, railways and water systems among the heavily affected assets.
The Bank has stressed that the USD 4.1 billion estimate measures direct physical damage and does not include income or production losses or the full cost of recovery and reconstruction.
The transport sector alone suffered extensive disruption, making the rebuilding of road networks a critical component of the broader economic recovery.
The latest USD 110 million package is expected to directly benefit more than 830,000 people, while nearly two million people across eight districts are expected to benefit from improved connectivity.
The programme is also expected to support employment during reconstruction and improve market access for approximately 22,000 tea, vegetable and paddy farmers.
The World Bank’s intervention therefore combines immediate disaster recovery with a longer-term infrastructure objective: ensuring that money spent on reconstruction does not simply restore roads to their pre-disaster condition but reduces their vulnerability to the next extreme-weather event.
That approach is becoming increasingly important as climate-related disasters place additional pressure on already constrained public finances.
Rebuilding the same infrastructure repeatedly after floods, landslides and other disasters carries a significant economic cost, making resilience an increasingly important part of infrastructure investment decisions.
Business
SLIC Life offers Rs.1million free life cover to parents of children born on World Children’s Day 2026
In celebration of World Children’s Day 2026, Sri Lanka Insurance Life (SLIC Life) has once again extended a Rs. 1 million free life insurance cover to the parents of every child born on 1 October 2026, across Sri Lanka. Now in its fifth consecutive year, the initiative was implemented island-wide, covering hospitals across the country and enabling parents of newborns to benefit from this special offering.
Beyond providing financial protection, the initiative seeks to highlight the importance of planning for a family’s financial security from the very beginning of a child’s life.
“The birth of a child marks the beginning of a new journey filled with hopes, dreams and aspirations. At SLIC Life, we believe that protection should begin from the very start of that journey. Through this initiative, we aim to create greater awareness of the importance of planning ahead and the role life insurance can play in safeguarding families against life’s uncertainties. As we continue this initiative for the fifth consecutive year, we remain committed to extending meaningful protection to Sri Lankan families and contributing towards a more secure future for the next generation,” said Dr. Sameera Dharmasena, Chief Executive Officer of SLIC Life.
Launched in 2022 as part of SLIC Life’s Corporate Social Responsibility (CSR) programme, the World Children’s Day initiative was introduced with the aim of supporting parents and strengthening financial security for families at an important stage in their lives. Over the years, the initiative has become a significant part of SLIC Life’s annual CSR calendar, reflecting the company’s broader commitment to children, families and communities.
SLIC Life’s commitment to children and education extends across several long standing CSR initiatives. The ‘Pasal Piriyatha Surakimu’ programme, launched in 2007, has benefited over 3,365 underprivileged schools through initiatives including classroom refurbishments, water facilities, libraries and learning resources. The 2026 edition of the programme is scheduled to be carried out in November, continuing SLIC Life’s efforts to enhance learning environments for children across the country. Complementing this, the ‘Suba Pathum Scholarship Programme’, which has been conducted since 2014, has now awarded 2,425 scholarships valued at Rs. 265 million to children of policyholders who demonstrate excellence in national examinations. The programme reflects SLIC Life’s continued focus on supporting educational aspirations and creating opportunities for the next generation.
Children remain at the heart of SLIC Life’s commitment to building a more secure future. Through the annual World Children’s Day initiative and its wider CSR programmes, SLIC Life continues to demonstrate that the value of insurance extends beyond financial protection, contributing to stronger and more resilient families and communities.
Business
HelpAge thanks donors for helping in carrying out free cataract surgery program
At a recent seminar HelpAge Sri Lanka (HASL) thanked local and foreign donors for strengthening the on-going free cataract surgeries program conducted by HelpAge Eye Hospital, Wellawatta for less- privileged elders over 55 years.
According to HelpAge Eye Hospital statistics the free cataract surgery programme was commenced in 2002 and over 55,000 surgeries have so far been performed for elderly citizens.
Head of HelpAge Eye Hospital Mahanama Wijesinghe said needy persons over 55 years of age could contact the hospital on telephone numbers 0112555759 and 0112589450 for free cataract surgeries.
‘Steps have been taken to conduct surgeries within a short duration of 30 days after attending the Eye Hospital clinic, he said.
Wijesinghe thanked all donors for their donations towards helping underprivileged citizens of the country.
HelpAge, Executive Director Dr. Harsha Bandara said HelpAge also conducts free medical and eye camps for needy elders and thanked donors for their donations towards this meritorious cause.
He requested philanthropists and donors to make their contributions for the sake of the needy.
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