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George Steuart & Co turns 190 this year

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From colonial beginnings to global aspirations, a story of resilience, growth and community impact

George Steuart & Co Ltd., Sri Lanka’s oldest mercantile establishment celebrates its 190th anniversary in 2025 – an extraordinary milestone for Sri Lanka. To mark this historic moment, the George Steuart Group has planned a series of community focussed activities in line with its values encompassing its seven sectors, culminating on its Founder’s Day on 14th August 2025.

The legacy of the company goes back to Captain James Steuart who initiated business as Merchant Bankers in 1835. By 1860, with the advent of his brothers George and Joseph, the business evolved to an Agency House that managed coffee plantations. Their commercial endeavours were intertwined with serving the needs of the community. This spirit is best captured in the Will of the founder James Steuart who bequeathed his vast fortune of land and money to the Bishop of Colombo by way of a Trust.

Over almost two centuries, George Steuart has witnessed local and global challenges including world wars, civil wars, terrorism, insurgencies, tsunamis, pandemics, socio-political uprisings and economic turbulence. Some challenges, however, have been unique to the legacy of the company. In 1870, Ceylon’s coffee plantations were destroyed by blight. This major setback prompted George Steuart to be at the forefront of the country’s transformation from coffee to tea, earning a reputation as “the original Ceylon tea people”. A century later, the company faced a bigger impediment, when plantations were nationalised in 1975 with no compensation for loss of business to the Agency Houses. At this time, the company had the largest acreage under its Agency, which was its Principal line of business. Thus, George Steuart earnestly began diversification into new lines of business. Another major setback occurred in January 1996, when the company’s iconic head office building on Janadipathi Mawatha was ravaged by a terrorist bomb targeting the Central Bank. The damage was extensive, including the heart-breaking loss of lives. The company’s strength of character was demonstrated by its Travel Arm that operated out of decentralised offices and successfully organised an infamous turnaround charter flight on Sri Lankan Airlines for the ICC Cricket World Cup Final within two months of the tragedy.

Today George Steuart & Co. stands as the genesis of Sri Lanka’s private sector. It was one of the founding members of the Ceylon Chamber of Commerce, 185 years ago. Duminda Hulangamuwa, Chairman of the Ceylon Chamber of Commerce commenting on this milestone, said “The story of George Steuart is a historical monument of how colonial commerce in Ceylon evolved to become the corporate Sri Lanka of today. Its journey of 190 years stands as a testament to the incredible resilience and adaptability of the Sri Lankan private sector.”



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Ceylon Chamber urges govt to convert fiscal gains into productive investment

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The Ceylon Chamber of Commerce has acknowledged the government’s recent fiscal gains but is urging a strategic shift of these surpluses into productive public investment to secure long-term growth.

In its review of the National Budget 2026, the Chamber endorsed the government’s “clear trajectory” of fiscal consolidation and disciplined debt management, noting this consistency is crucial for Sri Lanka’s ongoing economic recovery.

However, with the initial post-crisis consumption boom now moderating, the Chamber stressed that the government must pivot from consolidation to investment. It identified targeted capital expenditure in infrastructure, energy, tourism, and digital services as the potential new engines needed to drive the economy forward.

Significantly, the Chamber revealed that 18 of its policy proposals were incorporated into the budget, which include:

Trade: Developing a Trade National Single Window and a new Tariff Policy to phase out para-tariffs.

Investment: Implementing a Public-Private Partnership (PPP) framework, a digital single window for approvals, and a new residence visa scheme for investors.

Digital Economy: Plans to issue the first Digital ID in 2026, roll out 5G licensing, and eliminate service fees for online government payments.

Land & Tourism: Advancing a National Land Use Plan and resuming the Bandaranaike International Airport (BIA) expansion project.

Despite these welcomed inclusions, the Chamber highlighted three critical areas requiring greater focus:

Bridging the Implementation Gap: The Chamber warned that execution with clear timelines is the ultimate test, emphasizing that promises on the Trade Single Window and PPP laws must be delivered on time.

Strengthening Tax Administration: Improving compliance and widening the tax net through better enforcement was deemed more critical than further rate increases.

Improving Public Sector Efficiency: The Chamber argued that the reform agenda is at risk without “substantial improvements” in institutional capacity and inter-agency coordination.

The Chamber also noted a missed opportunity, stating the budget lacked a “targeted investment incentive package” essential for attracting the large-scale, export-oriented investments needed to achieve the government’s 7% growth target.

Furthermore, the Chamber called for clarity on the proposed Economic Transformation Act and urged the government to fast-track legislation for State-Owned Enterprise (SOE) and PPP reforms.

Concluding its comments on the Budget, the Chamber reaffirmed its commitment to collaborate with the government, underscoring that “sustained delivery” on these reforms is the only way to convert current economic stability into durable, broad-based growth.

By Sanath Nanayakkare ✍️

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DIMO Healthcare partners with RAB to strengthen Radiology Education in Sri Lanka

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The programme attracted over 80 local medical professionals

In a landmark initiative aimed at empowering Sri Lanka’s healthcare professionals with advanced radiology knowledge, DIMO Healthcare, the healthcare arm of DIMO, recently collaborated with the non-governmental organization Radiology Across Borders (RAB) to host a series of educational sessions on RAB VITAL Ultrasound Scanning. This marks the first time such specialized RAB-led training sessions have been conducted in Sri Lanka.

The programme, which attracted over 80 local medical professionals, took place across four leading medical institutions — the Army Hospital, Hemas Hospital (Wattala), Durdans Hospital, and Lanka Hospitals. The sessions covered a range of vital topics including gynecological and obstetric basic scanning techniques, FAST scans in ICU or point-of-care environments, and deep vein thrombosis scanning.

Speaking on the initiative, Priyantha Dissanayake, Chief Operating Officer of DIMO Healthcare, said:”As a pioneer in the local radiology sphere and the approved partner of Siemens Healthineers, we believe it is our responsibility to bridge the knowledge gap between global medical advancements and local practice. By facilitating such training programmes, we aim to uplift healthcare standards across Sri Lanka and empower our medical professionals with the tools and expertise needed to ensure earlier disease detection and better patient care.”

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Levi & Dili: Styling Sri Lanka’s new generation of fearless women

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Ganga Wijayawardane

In a fashion landscape often crowded with ‘me too’ products, a new Sri Lankan label is making a statement that is as much about identity as it is about aesthetics. Levi & Dili, the creation of Founder and CEO Ganga Wijayawardane, is emerging as a powerful platform for the modern woman, championing a philosophy where style meets substance.

With a formidable background in International Marketing, Wijayawardane is now channeling her corporate expertise into her lifelong passion for design. The result is a fashion line with an international-contemporary feel, characterised by clean silhouettes, unusual fabric combinations, and curated, hand-picked accessories. But what truly sets Levi & Dili apart is its soul.

“The Levi & Dili woman stands for all women who long to be more, do more, to move beyond traditional roles,” Wijayawardane states. The brand’s designs are intentionally bold and eye-catching, crafted to reflect the multifaceted personality of its wearer. She is envisioned as an entrepreneur, a boss lady, a creative force, a resilient mother – a real woman who is “fearless, focused, and free.” This triad is not just a tagline but the brand’s core design brief, reflected in visuals that showcase capability and agency.

This ambition is matched by a steadfast commitment to quality. The label adheres to rigorous standards through small, controlled production batches, vetting suppliers, and conducting thorough fabric and wear tests. This promise of “affordable luxury” is a key pillar, offering fewer, better pieces with durable materials and considered details that flatter multiple body types. “We spend where it matters – fit, finishing and materials – and edit out anything that adds cost without value,” she explains.

Customer experience remains deeply personal, a non-negotiable for the brand. Online, real stylists are available for consultations, ensuring a high-touch service that continues post-purchase. While currently operating through e-commerce and pop-ups across Colombo, strategic plans are underway for a dedicated design studio, a stepping stone to a future flagship store.

Looking ahead, Wijayawardane’s vision is expansive. Within five years, she sees Levi & Dili as a leading Fashion House, setting the tone for Sri Lankan fashion and moving internationally. The goal is to be a Maison renowned not just for its designs and quality finishes, but for its key message: empowering a new generation of financially independent women who live fully and contribute significantly to the economy.

Levi & Dili is more than clothing; it is a wearable testament to the ambitious, modern Sri Lankan woman.

For new customers: Shop online and at announced pop-ups. For styling help, contact the team at support@leviandili.com or 077 555 2941.

By Sanath Nanayakkare ✍️

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