Business
Exploring the goodness of Sri Lankan natural sea salt and lagoon salt
By Dr Ajith Shanmuganathan
Salt has played a significant role throughout human history, enhancing the flavour of countless dishes. In recent times, natural sea salt and lagoon salt have gained popularity due to their unique characteristics and potential health benefits. This article aims to explore the goodness of these natural salts, highlighting their origins, extraction methods, mineral composition, and advantages for human consumption. By understanding the qualities and properties of sea salt and lagoon salt, individuals can make informed decisions about incorporating these natural salts into their diets.
The history of salt in Sri Lanka dates back thousands of years, with salt playing a significant role in the country’s culture, economy, and culinary traditions. The island’s geographical location, surrounded by the Indian Ocean, provided ample salt production and trade opportunities. Early records indicate that salt production in Sri Lanka can be traced back to ancient times.
The ancient chronicle, the Mahavamsa, mentions salt pans’ existence during King Pandukabhaya’s reign (4th century BCE). These salt pans, known as “Ussangoda,” were located in the Hambantota district and were a vital source of salt for the local population. Salt production expanded significantly during the Anuradhapura and Polonnaruwa periods (3rd century BCE – 13th century CE). Salt was primarily produced in shallow brine pools, where seawater was allowed to evaporate, leaving behind salt crystals. These pools, known as “Lunama,” were constructed along the coastline and in the interior regions near saltwater lagoons. The salt produced was primarily used for domestic consumption, preservation of food, and trade. Salt played a crucial role in the Sri Lankan economy during the medieval period. It was a valuable commodity subject to taxation and regulation by the ruling kings. In the 16th century, with the arrival of European colonial powers, the salt industry in Sri Lanka underwent significant changes. The Portuguese, Dutch, and British introduced new techniques and technologies in salt production. They constructed salt pans and introduced more efficient evaporation methods. The British, in particular, played a pivotal role in modernizing salt production and expanding its scale. They established large-scale saltworks in coastal areas, including Kalpitiya, Puttalam, and Hambantota, to cater to the growing demand. In the modern era, the salt industry in Sri Lanka has evolved further.
Today, salt production is primarily carried out through solar evaporation methods. Seawater is channelled into shallow pans or reservoirs and allowed to evaporate naturally under the sun’s heat. The remaining salt crystals are collected, washed, and processed for distribution. Salt production in Sri Lanka is concentrated in coastal areas and saltwater lagoons, including Hambantota, Puttalam, Kalpitiya, Mannar, and Trincomalee. These regions benefit from their proximity to the sea, allowing for salt extraction through solar evaporation methods.
Originating from the evaporation of seawater, natural sea salt is produced by collecting seawater in shallow pools and allowing it to evaporate under controlled conditions. This process ensures the retention of essential minerals and trace elements. Sea salt boasts many minerals, including magnesium, potassium, calcium, zinc, and iodine. These minerals are vital in maintaining electrolyte balance, supporting nerve function, and contributing to overall health and well-being. Consuming natural sea salt in moderation may offer potential health benefits, such as improved hydration, digestion, immune function, blood pressure regulation, respiratory health, and skin conditions. Lagoon salt, also known as salt flats or pans, is harvested from inland saltwater lagoons. These lagoons form when seawater enters shallow depressions and evaporates, leaving salt deposits behind. Lagoon salt is manually or mechanically collected from these salt flats. It is characterized by its high mineral content, including potassium, magnesium, and calcium. The specific mineral composition may vary depending on the geographical location and local conditions. Like sea salt, lagoon salt offers potential health benefits, such as supporting electrolyte balance, aiding muscle function, contributing to bone health, regulating blood sugar levels, and keeping a healthy cardiovascular system.
Natural sea salt and lagoon salt possess distinct characteristics. Sea salt is renowned for its briny flavour and coarse texture, making it ideal for finishing dishes. In contrast, lagoon salt often exhibits a milder taste and finer texture, which lends itself well to seasoning during cooking. Both salts serve as flavour enhancers in cooking and baking, offering versatility in various culinary applications. When selecting natural salts, it is crucial to prioritize sustainability and purity. Choosing salts harvested responsibly and free from additives or contaminants ensures the highest quality product. Incorporating natural sea salt into your culinary endeavours enhances your dishes’ flavours and offers potential health benefits through its rich mineral content. Embrace the goodness of these natural salts and savour the depth of flavour they bring to your meals.
(The writer is a Chartered Engineer and Consultant in business administration & Engineering and a Volunteer of IMechE and IET)
Business
Embedding human rights, equity and integrity into business leadership
At its 2026 Social Sustainability Programme Kick-Off, the UN Global Compact Network Sri Lanka convened business leaders to advance the translation of global ambition into practical corporate action on inclusion, integrity and human rights.
On 24 February 2026, the UN Global Compact Network Sri Lanka (Network Sri Lanka) convened business leaders at Barefoot Garden Café for its 2026 Social Sustainability Programme Kick-Off, delivered in collaboration with Good Life X.
The gathering did more than introduce a calendar of events. It positioned Sri Lanka’s corporate community within the broader direction of the UN Global Compact’s 2026–2030 global strategy — a strategy anchored in three imperatives: equipping companies to act, catalyzing collective action, and advancing the business case for responsible leadership.
At its core, the 2026 Social Sustainability agenda is designed to move companies from commitment to capability.
Within the Diversity & Inclusion Working Group, this means building practical pathways toward equal pay for equal work and strengthening male allyship as a governance issue rather than a cultural afterthought. It means examining sexual and reproductive health, disability inclusion, and mental health not as employee benefits, but as structural determinants of productivity and retention. It means sharpening strategic communications so inclusion is embedded in brand integrity. It also means applying science-based behavioural change approaches to shift organizational culture in measurable ways.
Across the Business & Human Rights Working Group, equipping companies takes the form of deepened engagement on decent work and living wage implementation, strengthening human rights due diligence processes, and addressing emerging risk areas such as AI and digital rights. It extends to reinforcing business integrity and anti-corruption frameworks, understanding the social dimensions of a just transition, and recognizing the link between child rights, nutrition, and workforce productivity.
Business
Union Bank to raise LKR 3 Bn via Basel III Compliant Debenture Issue
Union Bank of Colombo PLC announced its proposed Debenture Issue 2026, a strategic move aimed at raising up to LKR 3 billion. This issue is designed to bolster the Bank’s Tier II capital base and provide a robust financial foundation for its upcoming growth initiatives.
The offering consists of Basel III compliant, listed, rated, unsecured, subordinated, redeemable high-yield debentures with Non-Viability Conversion. The instrument has been assigned a rating of BB (lka) by Fitch Ratings (Lanka) Ltd, reflecting the bank’s creditworthiness and the structured nature of the subordinated debt.
Investors can choose from three distinct interest structures starting from a high-yield 13% fixed rate per annum (Type A). This option is paid annually, while Type B offers a 12.5% fixed rate paid semi-annually (12.89% AER). For those seeking market-linked returns, Type C provides a floating rate of the 182-days Treasury Bill rate plus a 400-basis point margin, also paid semi-annually.
The debentures are priced at LKR 100 per unit with a 5-year tenure (2026–2031). The initial issue size is set at 20,000,000 debentures with an option to raise 10,000,000 at the discretion of the Bank and is scheduled to open on 10 March 2026.
Shanka Abeywardene, Chief Financial Officer of Union Bank stated “This debenture issue marks a significant step in the Bank’s journey towards enhanced financial stability. By strengthening its capital adequacy, Union Bank is well-positioned to navigate evolving market conditions while fuelling its long-term strategic objectives for sustainable growth”
Business
Sanjay Kulatunga appointed to WindForce Board
WindForce PLC announced the appointment of Sanjay Kulatunga as an Independent, Non-Executive Director to its Board with effect from 03rd March 2026, following the resignation of Dilshan Hettiaratchi. The appointment further strengthens the Company’s governance framework, strategic oversight, and long-term decision-making capabilities.
Kulatunga brings an established track record as a founder, entrepreneur, and senior executive across financial services and export-oriented industries. He is the Chief Executive Officer and Co-Founder of LYNEAR Wealth Management, a boutique investment firm established in 2013, which has since grown to become one of Sri Lanka’s largest private wealth management institutions, serving high-net-worth individuals as well as local and international institutional clients.
Prior to founding LYNEAR, Kulatunga played a pivotal role in the establishment of Amba Research, an investment research offshoring firm rooted in Sri Lanka and now operating as part of Acuity Analytics.
Over the years, he has contributed extensively to several key national institutions. His previous appointments include serving on the Financial Sector Stability Consultative Committee of the Central Bank of Sri Lanka, as well as the Board of Investment of Sri Lanka and the Securities and Exchange Commission of Sri Lanka.
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