Business
BIMSTEC Secretary-General discusses regional cooperation in the Bay of Bengal region at LKI
Ambassador Indra Mani Pandey, Secretary-General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was hosted by the Lakshman Kadirgamar Institute (LKI) for a special guest lecture and interactive session titled “Regional Cooperation through BIMSTEC” on 09 April 2024 at the Lighthouse Auditorium. The programme provided an opportunity for the gathering of Sri Lankan policymakers, academics, researchers, and university students to engage directly with the Secretary-General who was on his first official visit to Sri Lanka, in evaluating topics and concerns related to the region and BIMSTEC, in the context of global politics and Sri Lanka’s foreign policy interests.
Welcoming Secretary-General Pandey, Executive Director of the LKI Ambassador Ravinatha Aryasinha highlighted the contribution Sri Lanka has made to BIMSTEC as a founding member, in fielding its first Secretary-General, and the role played during Sri Lanka’s chairmanship of BIMSTEC during 2018-2021 in revitalising the organization through the adoption of the BIMSTEC Charter and the rationalisation of the areas of cooperation, as well as the streamlining of related institutes. He added that during bilateral consultations with the Secretary-General, the LKI as the Sri Lankan focal point of the BIMSTEC Network of Policy Think Tanks, had expressed its continued support towards future collaboration with BIMSTEC, with special emphasis on the thematic domain of science, technology and innovation which is Sri Lanka’s focussed area of responsibility, along with the sub-areas of Technology, Health, and Human Resource Development.
Delivering opening remarks, Additional Secretary (Economic Affairs) of the Ministry of Foreign Affairs, Ms. Shanika Dissanayake noted that the seven-member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand accounted for 1.7 billion people and a combined GDP of 5.2 billion dollars. Describing the organization as a vibrant and progressive intergovernmental organization, Ms. Dissanayake noted BIMSTEC’s relevance in creating a more interconnected region, especially in the fields of transport, security, and energy.
Delivering his guest lecture, Secretary-General Pandey outlined the role and functions of BIMSTEC and the new measures being operationalised to create a more effective and active organisation. Outlining each of the seven sectors of BIMSTEC’s sectors of cooperation, he emphasised Sri Lanka’s continuing critical role as a founding member, and thanked the Government of Sri Lanka and its leadership for their continued support in building regional cooperation in the region. Sharing that the sixth summit is set to take place in Thailand later this year, he added that BIMSTEC nations are set to meet every two years. Noting that he had already paid first visits to several member states, he said there is political commitment to further strengthen regional cooperation through BIMSTEC. He also highlighted the relevance of BIMSTEC as a platform for development, building towards a more integrated region in terms of economics, transportation, technology, and communication, leveraging the region’s geographic placement, along with its population, and GDP among other factors. He added that BIMSTEC is now ready to open its doors to new member and observer states and expressed a positive outlook for the organisation’s future.
During the interactive session that followed the audience expressed their appreciation for the opportunity to engage in a dialogue with the Secretary-General. The discussion covered a wide array of topics. On the possibility of a shared energy grid and regional collaboration in the energy sector, the Secretary-General revealed that they are hopeful to make more progress and emphasised the importance of transitioning into renewable energy sources at a regional level. On intra-regional trade which remained low at present, the Secretary-General noted that there are some developments on the subject and more progress could be expected. He said finding projects to build a more connected region would not be easy given that some nations in BIMSTEC are still in the process of development. The importance of human resource development was also emphasised during the discussion. Additional Secretary Dissanayake further underlined the importance of involving youth in BIMSTEC plans. On cooperation and collaboration between regional organisations, she said the Indian Ocean Rim Association (IORA) had approached the BIMSTEC to sign an MoU for the common purpose of greater regional cooperation. Emphasising sustainability and ocean concerns, she said both organisations prioritise connectivity, and regarding funding constraints noted IORA’s success in adopting more dialogue partners like the European Union (EU), which could also help BIMSTEC.
Responding to a question on the future of multilateral organisations such as IORA or BIMSTEC, in the context of growing minilaterals, the Secretary-General said it was difficult to find convergence even in bilateral negotiations, and it is that much harder in multilaterals. He said each of these mechanisms have a role to play and we should not give up because there are challenges in finding convergences or in implementing our decisions. It’s important to persist because regional and sub-regional organisations present huge opportunities for countries to come together and work together. Citing the EU and Association of Southeast Asian Nations (ASEAN), he said we find that under very difficult circumstances, regional organisations have been able to deliver. Ambassador Aryasinha, responding on this issue, acknowledged that the priorities of individual countries within regional organisations such as IORA and BIMSTEC might have changed from its founding to the present day depending on the new minilateral alignments some of them might have entered into and the changing global power dynamics. However, rather than being over ambitious, the safe bet for such organisations is to focus on ‘functional’ areas that are politically less contentious on which to initially cooperate, and to allow the confidence built through this to help move on to the more complex issues.
Business
Flagship Colombo terminal held back by equipment tender failures
The Colombo East Container Terminal (CECT), Sri Lanka’s flagship port project under the Sri Lanka Ports Authority (SLPA), remains unable to reach full operational capacity, more than four years after construction began, industry insiders say. Despite near-complete infrastructure and a strategic vision to bolster Sri Lanka’s position as a regional maritime hub, the terminal is paralyzed by a single missing component: straddle carriers, essential machines for moving containers between ships and yard storage.
“The terminal is essentially ready. Quay cranes, yard cranes, automation systems, and supporting infrastructure are all in place. Only straddle carriers are missing, and without them, full-scale operations are impossible,” Tharanga Jayasinghe, President of the Port Finance Divisional Independent Employee Association, told journalists.
Addressing a press conference held in Colombo Jayasinghe said that the delay is not due to employee performance. “SLPA staff have delivered outstanding results at the Jaya Container Terminal and partial operations at CECT. The responsibility to bring CECT fully on track now lies squarely with SLPA management and the authorized decision-makers overseeing this strategic national investment.”
Since 2021, the procurement of straddle carriers has gone through five tender attempts, each canceled or revised, resulting in significant lost time. Early tenders focused on leasing the machines, then on diesel-powered carriers, before SLPA made a strategic shift to hybrid straddle carriers, in line with CECT’s green terminal vision and international shipping standards.
Despite this shift, delays have persisted due to what employees describe as “questionable technical decisions and favoritism toward predetermined bidders.” The third tender round, which allowed both diesel and hybrid options, drew particular criticism. A compliant hybrid bid offering superior lifecycle efficiency was overlooked in favor of a diesel-only supplier, prompting legal action. While the case was pending, SLPA revoked the award and canceled the fourth tender, further prolonging the project.
CECT, a nearly USD 1 billion investment entirely financed by SLPA, represents one of the largest infrastructure projects ever undertaken by a Sri Lankan company. Funded during the economic recession that began in 2021, it is considered a source of national pride. Yet, Jayasinghe warned that this pride is overshadowed by concerns over repeated procedural missteps and apparent favoritism.
The current, fifth tender has raised new alarm. Qualification criteria appear to have been significantly diluted, allowing a previously favored company—reportedly with limited experience—to re-enter the process. For approximately USD 50 million worth of 30 hybrid straddle carriers, bidder experience requirements have been reduced to manufacturing just 15 units over five years, a stark contrast to the standard benchmark of 500 units for equipment of this scale.
According to Jayasinghe, these relaxed criteria risk awarding the contract to an under-experienced supplier, potentially undermining CECT’s operational credibility and discouraging shipping lines from engaging with the terminal. Observers note that one internationally recognized supplier withdrew from the process, citing lack of transparency and perceived bias.
Industry insiders warn that delays at CECT are not merely operational concerns—they also create openings for competing regional ports to capture Sri Lanka’s container traffic. “The demand is ready, but the terminal’s readiness is being held back by indecision and procedural mismanagement,” Jayasinghe said.
SLPA employees, he added, have long safeguarded national port assets from corrupt practices. Their vigilance secured the East Container Terminal (ECT) in 2021, and today they are raising alarms over the CECT tender process. Commercially, SLPA continues to perform well, including a recent Rs. 5 billion transfer to the Government Consolidated Fund. Shipping lines remain eager to engage with CECT, underscoring that the challenge is not demand but readiness.
The unanswered questions are stark: why has a strategic national procurement repeatedly failed, who is promoting inexperienced suppliers, and who will be held accountable? Until these issues are addressed, CECT remains not merely delayed, but denied—its potential, strategic importance, and the trust of the nation hanging in the balance, Jayasinghe added.
by Chaminda Silva ✍️
Business
SOLA Festival Returns: Building a Long-Term Model for Conscious Festival Culture
SOLA Festival returns to Sri Lanka’s south coast as an evolving cultural movement, continuing its mission to redefine festivals through community collaboration, sustainability, and conscious design. The festival will take place on the 30th and 31st of January at The Doctor’s House, Madiha.
Developed in close partnership with the local community in Madiha, near The Doctor’s House, where the festival has established its home, the SOLA Festival was conceived as a response to the increasingly extractive nature of tourism, which too often takes more from local communities than it gives back. The festival is guided by the core values of Respect, Inclusion, Sustainability, Creativity, and Collaboration, bringing people together through music, workshops, immersive experiences, and community-led initiatives.
Founded by a collective of designers and event makers from Copenhagen, SOLA aims to become one of the first fully waste-free and circular festivals in Asia and a global role model for sustainable events. Chief festival organisers, designers Susanna and Miranda, whose portfolio includes installations and designs for Copenhagen Fashion Week as well as projects with Collective Fashion Justice, explained that the idea for the festival was inspired by how incredibly warmly they were welcomed into the local community in Sri Lanka and their desire to give back and support that community “We started SOLA to show that festivals can bring joy, creativity, and music while also giving back to the communities and environments that host them,” says Susanna. “SOLA was conceptualized and created with a strong focus on working in harmony with nature and fostering meaningful community connections. Together with ouramazing partners, we want to prove that conscious, community-led events are not only possible, but inspiring, joyful, and sustainable.”
Following its inaugural edition in 2025, SOLA Festival has positioned itself as an annual event in Sri Lanka, growing thoughtfully each year with a long-term vision rather than as a one-off project. The 2025 edition welcomed 800 guests, featured international and local DJs, and hosted five activities and workshops, laying a strong foundation for the festival’s future direction.
This year, the festival is looking to nearly double the number of attendants, and will feature over a dozen DJs from more than five countries including internationally renowned Yung Singh, and local legend DJ Shiyam.
More than a music festival, SOLA is a multidimensional platform for art, learning, sustainability, and connection, and in keeping with this vision, the programme also includes traditional, community centric, creative activities including communal weaving sessions, natural dye workshops, drum circles, beaded fabric jewellery workshops, make-your-own merch sessions and more.
SOLA is being developed within the principles of a circular economy, and the organisers view SOLA as a project to be built and refined over many years, with each edition deepening its impact. As the festival grows, SOLA aims to involve more local and international collaborators, with the goal of becoming an international role model for sustainable events.
Sri Lanka’s long-standing values around craftsmanship, resourcefulness, and care for the earth are central to this vision. The team believes the country has the potential to become a global leader in sustainable tourism.
Community collaboration remains at the heart of the festival’s programming. For the upcoming dition, SOLA is working with a growing network of partners, including ApiHappi, Selyn Fairtrade, Sarana Sri Lanka and Sambol Foundation. The official banking partner for the event is Hatton Nation Bank.
The SOLA team, together with a local school and WeCare will conduct a beach clean-up ahead of the festival. Post the clean-up, the children will participate in a crafting session focusing on recycling and upcycling everyday waste, while learning about plastic and street dogs. Sambol Foundation will host a natural dye workshop before the festival and the fabrics will be used for festival installations. Selyn Fairtrade, House of Lonali and ApiHappi, will contribute fabric that local women will use to make reusable decorations for the event, ensuring the festival avoids purchasing all new materials in the future. Selyn has also taken on producing festival merchandise and running a fabric bead workshop. The festival will open with a traditional Sri Lankan fire ceremony, organised in collaboration with Sarana Sri Lanka. SOLA will also organize a fundraiser in collaboration with WeCare, an organisation dedicated to the wellbeing of local street dogs.
Business
HNB Assurance PLC Recognized Among Sri Lanka’s Best 20 Workplaces for Women 2025
HNB Assurance PLC was recognized among Sri Lanka’s Best 20 Workplaces for Women 2025 by Great Place to Work Sri Lanka, for the Company’s long-standing commitment to fostering an empowering workplace for women.
Over the years, HNB Assurance has introduced several progressive initiatives to support women at different life and career stages, including flexible work arrangements, caregiver and maternity support, leadership development programs, and platforms such as in.she, which champions women’s growth both professionally and personally. These efforts have contributed to a workplace where women are not only represented but are actively enabled to succeed.
Commenting on the recognition, the Executive Director / Chief Executive Officer of HNB Assurance PLC, Lasitha Wimalaratne stated, “Being recognized among Sri Lanka’s Best 20 Workplaces for Women is a powerful affirmation of who we are as an organization. At HNB Assurance, inclusion is not an initiative, it is a mindset embedded into how we make decisions and how we care for our people. We firmly believe that when women are empowered, organizations become stronger. This recognition belongs to every woman contributes to our culture every day.”
Navin Rupasinghe, Head of Human Resources / DGM of HNB Assurance PLC stated “This recognition reflects years of intentional effort to build a workplace where women feel heard and inspired to reach their full potential. From flexible policies to leadership pathways and a deeply people-centric culture, we have focused on creating an environment where women can grow without compromise. We are proud of how far we have come and remain committed to continuously raising the bar. Lastly, I’d like to thank Great Place to Work for this recognition as it motivates us to keep evolving our people practices and building a workplace where women can grow.
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