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First Indian Ocean Summit in Colombo to drive sustainable marine tourism

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Officials of IODA and CMISL pose for a photograph with the Chairman of SLTPB

In a landmark initiative poised to reshape the regional marine tourism and conservation landscape, the first-ever Indian Ocean Summit will be held in Colombo on June 7, 2025, coinciding with World Oceans Day.

Organised by the Indian Ocean Divers Association (IODA) in collaboration with the Chamber of Marine Industries Sri Lanka (CMISL), the summit marks a major step forward for Sri Lanka’s growing role in the Indian Ocean’s sustainable marine development. Sri Lanka Tourism Promotion Bureau (SLTPB) has played a key role in bringing this event to Sri Lanka.

The high-profile event, set to take place at Cinnamon Grand, Colombo, brings together a diverse and dynamic network of divers, ocean advocates, industry leaders, marine scientists, conservationists and tourism professionals from across the region. With strong backing from national stakeholders, the summit is expected to be a landmark occasion for marine tourism and a strong signal of national support for sustainable ocean development.

According to IODA, the summit will promote sustainable business practices, strengthen cross-border collaboration, and advocate for the preservation of the Indian Ocean’s rich marine biodiversity. The inclusive agenda features high-level panel discussions, expert presentations, and networking opportunities covering a wide range of themes from marine ecosystem conservation and sustainable tourism models to innovations in diving, underwater film technology, and eco-conscious business development.

The summit is expected to draw participants from Sri Lanka, the Maldives, India, and Southeast Asia, alongside notable figures from the global diving and conservation communities.

Hosting this historic summit places Sri Lanka at the centre of a regional conversation about ocean sustainability and the future of marine tourism. The event offers a strategic platform for the country to showcase its world-class diving sites, expand its footprint in the international dive tourism market, and forge new partnerships in marine conservation and innovation.

The collaboration between IODA and CMISL reflects a growing recognition of the marine sector’s role in Sri Lanka’s economic revival, environmental stewardship, and youth employment opportunities.

IODA General Secretary, Suraj Khan, highlighted the organisation’s vision and Sri Lanka’s potential:

“Sri Lanka is a sleeping giant in a world of dive tourism opportunities. With vibrant marine biodiversity, ancient shipwrecks and a stunning untapped coastline, this island nation holds the most undervalued natural assets in its territorial waters,” he said.

“Placed between the iconic diving paradise – Maldives and the thriving dive fraternity of India, Sri Lanka is uniquely positioned to become a central dive destination in the Indian Ocean. That is where IODA comes in.”

He further noted that the summit will bring to Colombo ‘a powerful line of leading business minds, dive pioneers and marine economy strategists’ from across the Indian Ocean, aiming to shape a strong, united, and more sustainable blue economy for Sri Lanka.

Looking ahead, Khan expressed IODA’s commitment to strengthening key partnerships across Africa and South Asia and thanked Sri Lanka’s Sri Lanka Tourism Promotion Bureau (SLTPB) for exploring new avenues for developing the country’s tourism economy. He described the Indian Ocean as a ‘real investment, a high-reward asset’ with the potential to open up new economic horizons for the nation.

By Sanath Nanayakkare ✍️



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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