Business
Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka
Series of crises SL has faced have dealt a heavy blow
Reviving presents SL with an opportunity to address its long-running challenges
by Sanath Nanayakkare
Young people are not only the present but also the future; developing plans and policies without them is a futile exercise, they need to be the front and centre of the discussions because they are the ones with fresh ideas and the most at stake, in terms of the sustainability of the planet and the tourism sector, Christian Skoog, Representative, UNICEF Sri Lanka said in Colombo yesterday.
“Here in Sri Lanka, we have a gift. That gift is the 4.4m young people. The contribution young people can make to the tourism sector is immense. But to harness their energy and ideas, there is a need to provide them the skills, training and opportunities to thrive within a dynamic and fast-growing industry,” he said.
“Across the world it is young people who are the hungriest for travel. They are seeking new experiences and looking to broaden their horizons. They serve not only as your potential clientele, they are also your best marketers through tools like social media. Indeed, Sri Lanka has been named one of the world’s most instagramable locations,”
“Rarely has there been such an urgent moment for us to ensure the energy and enthusiasm of young people to contribute to Sri Lanka’s sustainable development is given expression. And rarely has there been such an opportune moment to discuss building back better in the context of sustainable tourism.
Skoog made these points at an event hosted by the Chamber of Tourism and Industry held to mark the World Tourism Day.
Further speaking he said:
“Today we consider how to sustainably revive a sector upon which the livelihoods of so many people depend and we discuss how we can effectively respond to the challenges that confront us. When I learned in late 2020 that I would be appointed to serve as UNICEF Rep in Sri Lanka, I felt invigorated by the prospect of coming. Of course, much of that vigour was related to the work I expected to undertake here. But I confess that part of my excitement came from listening to my friends saying it is “paradise” and “best vacation spot”. Whenever I have had the opportunity to explore Sri Lanka since, I have been captivated by the landscapes, the biodiversity, the food, and the warmth of the people I meet across this island. But of course, I also arrived at a time of profound economic hardship for so many. I know those impacts have been felt deeply across the tourism sector. Many of you have struggled valiantly to keep your businesses running, and to maintain decent livelihoods for workers across the sector: from hoteliers to taxi drivers to souvenir sellers, to tour guides, to wait staff.”
“Sri Lanka’s tourism sector has contended with a succession of adverse events in the past 3 years: 1) The devastating terrorist attacks of Easter 2019 reduced arrivals by 18%. 2) COVID-19 crisis shut borders & paralysed air travel. 3) Conflict in Ukraine entirely cut a tourism market that until recently represented 25% of foreign arrivals. And, of course, economic crisis continues to pose an array of challenges. Reviving tourism in a manner that is sustainable and inclusive is one of the key tools to help us navigate through this crisis.”
“I would like to reiterate the importance of sustainable tourism in Sri Lanka, to touch upon the relationship between sustainable tourism and the SDGs, and mention the role young people can play as we re-think tourism in Sri Lanka.”
“Tourism is a critical component of the economy; it is Sri Lanka’s 3rd-largest source of foreign exchange, and contributed about 5% of GDP, pre-COVID. Tourism is also a major employer of people across the island. In fact, globally, tourism employs one in every ten people.”
“Let’s be under no illusions. The series of crises SL has faced have dealt a heavy blow. But the task we now face in reviving the sector also presents us with an opportunity to address some its long-running challenges.”
“These include over-tourism and other unsustainable practices; contributions to Climate Change; pollution; a loss of biodiversity; and a lack of inclusion. As an island nation with extraordinary biodiversity, Sri Lanka is particularly vulnerable to the adverse effects of unsustainable tourism.”
“Indeed, when tourism arrivals plunged during the pandemic, many destinations took the opportunity to reflect on the toll irresponsible or unsustainable practices had on their ecologies; and they resolved to do this differently. We too, should resolve to do things differently.”
“As tourism returns, the demand for ethical and sustainable products and experiences continues to rise. We can no longer consider sustainable tourism offerings as a choice. Costs incurred in adopting practices that benefit the environment and community, need to be looked at as investments which provide the industry with an advantage.”
“The tourism sector, as a whole, needs to focus on marketing Sri Lanka as not only a desirable destination because of its natural beauty, culture and heritage, but also differentiating it as a sustainable destination.”
“I believe that harnessing tourism’s positive contribution to sustainable development and the mitigation of the sector’s adverse effects calls for strong partnerships and decisive action by all tourism stakeholders.”
“Events like this give us an opportunity to build partnerships: to reflect, and to share ideas and strategies. Creating true partnerships of both public and private sector operators in the country is key to our ability to revive the sector and develop sustainable tourism as a tool for a better future for Sri Lanka.”
“With the right safeguards in place, tourism can provide decent jobs, particularly for young people, it can inspire us to protect life on land and life below water, it can help build resilient, gender-equal, inclusive economies and societies that work for everyone. And it can help Sri Lanka thrive,” the UNICEF representative said.
Business
Tea market grappling with headwinds as 2025 comes to an end
As the curtain prepares to fall on Sri Lanka’s tea trading year, the penultimate auction of 2025 has painted a picture of a market grappling with headwinds. The sale, catalogued in the aftermath of the disruptive Cyclone Ditwah, presented 6.0 million kilograms to the trade, but was met with a predominantly bearish sentiment, casting a reflective shadow over the year’s closing.
The High and Medium Grown offerings, particularly from the Ex-Estate sector, set a cautious tone. With overall quality described as barely maintained, prices faced downward pressure. The better liquoring Western BOP/BOPF varieties, often a market bellwether, declined by up to Rs. 50 per kg. This easing trend rippled through the Below Best and Plainer categories, which were often cheaper by Rs. 20-40 per kg. Regional nuances were evident: Nuwara Eliya teas remained sluggish, Uda Pussellawa listings weakened, and Uva varieties were mostly steady only where quality was exceptionally upheld, with others declining. The CTC segment mirrored this fragility, with PF1s generally easier by Rs. 20 per kg, while the very bottom end of the market faced severe challenges, becoming at times unsellable.
This internal market dynamic was compounded by a notable sluggishness in global demand. The report notes a concerning inactivity from traditional buyers in the UK and the European continent. While shippers to Japan, China, the CIS, and the Middle East continued to operate, they did so at lower levels of engagement. Activity from South Africa was described as virtually absent, underscoring a broader pattern of restrained international participation.
In stark contrast to this overarching bearishness, the Low Growns sector emerged as a relative bastion of stability. With approximately 2.45 million kilograms on offer, this category witnessed fair demand across the board. In the Leafy and Semi-Leafy catalogues, Select Best and Best BOP1s held firm, with others even appreciating. Well-made OP1s also generally maintained their ground, though poorer teas at the bottom saw substantial declines. The Tippy and Premium catalogues told a similar story of selectivity, where well-made FBOPs, Very Tippy teas, and the best varieties either held firm or appreciated, while poorer descriptions faced irregular and easier conditions.
The tale of this penultimate sale, therefore, is one of a stark dichotomy. The market narrative bifurcates into a struggling, quality-sensitive mainstream estate sector weighed down by climatic after-effects and muted Western demand, and a more resilient Low Growns market where quality continues to find its price. This divergence highlights the increasingly selective nature of the global tea trade.
As the industry looks toward the final sale and the year’s reckoning, the events of this penultimate auction offer sobering reflection. The impact of Cyclone Ditwah, both real and psychological, coupled with the cautious stance of key international buyers, has applied palpable pressure. Yet, the enduring firmness for the best Low Grown teas provides a counter-note of confidence, suggesting that in an uncertain global environment, uncompromising quality and specific origin characteristics remain Sri Lanka’s most reliable assets. The challenge heading into the new year will be navigating this two-tiered reality.
By Sanath Nanayakkare ✍️
Business
First Capital to restore 15 acres of forest through partnership with WNPS
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and Sri Lanka’s pioneering full-service investment institution, announced the signing of a Memorandum of Understanding (MoU) with the Wildlife and Nature Protection Society (WNPS) through its PLANT initiative (Preserving Land and Nature (Guarantee) Limited) to support a large-scale forest restoration initiative in the central highlands of Sri Lanka.
First Capital’s sustainability journey is anchored in the belief that long-term success stems from empowering people through financial literacy and responsible social and environmental practices. At the heart of our agenda is a commitment to advancing financial stability, enabling individuals and communities to make informed financial decisions, build economic strength and contribute meaningfully to national development.
This core focus is complemented by initiatives in community engagement, climate action, and environmental protection, ensuring a balanced approach to sustainable growth. Aligned with SLFRS S2 and global best practices, we champion programmes that promote inclusive progress, sustainable development and long-term wellbeing across Sri Lanka. By embedding financial literacy and sustainability into our core strategies, we aspire to create a financially empowered and environmentally conscious nation.
Business
Access Engineering gets contract for 615-unit housing project in Kirulapone
The Cabinet of Ministers has approved the proposal presented by Transport, Highways and Urban Development Minister Anura Karunathilake on the recommendation of the Cabinet appointed standing procurement committee to award Access Engineering PLC the contract to build 615 housing units at Colombage Mawatha, Kirulapone, which had been stalled.
On 30 December 2024, the Cabinet of Ministers approved following the relevant procurement process to select a contractor for the design and construction of the remaining works of the project.
“Accordingly, the Urban Development Authority (UDA) has invited bids and four bids have been received,” Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing yesterday.
He said the Cabinet of Ministers approved awarding the relevant contract to Access Engineering PLC based on the recommendations submitted by the High Level Standing Procurement Committee regarding these bids.
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