Business
Govt. speeding development of hydrogen as renewable energy source
Sri Lanka is gearing up to embrace hydrogen as a renewable energy source, with the government pledging to provide all possible support for its development, Power and Energy Minister Eng. Kumara Jayakody announced recently.
Addressing the Stakeholder Consultation on the Draft Renewable Hydrogen Policy of Sri Lanka in Colombo, Minister Jayakody said hydrogen energy will be central to the country’s long-term power strategy. He underscored that the government’s commitment lies not only in adopting new technologies but also in ensuring that renewable energy resources are harnessed to their maximum potential.
“Our government’s policy direction is to fully utilize renewable energy and advanced technology to achieve our energy goals. Hydrogen will be of immense importance for electricity generation in the future. Preparing a national policy is the first crucial step, and today’s stakeholder consultation is a key milestone,” Jayakody said.
Sri Lanka’s renewable energy potential is considered high, particularly in solar and wind, yet challenges in transmission, storage, and infrastructure have hindered large-scale integration into the national grid. Jayakody acknowledged these obstacles, stressing that the government is prioritizing investments to modernize the power sector.
“We are working with dedication to improve transmission and storage capacity as well as strengthen the necessary infrastructure so that renewable energy can flow seamlessly into the electricity system,” he said.
The consultation, organized by the Ministry of Power and Energy together with the Sri Lanka Sustainable Energy Authority, drew participation from top policymakers, academics, energy experts, and international partners.
Minister Jayakody noted that building a robust hydrogen policy requires both local input and international expertise. “This is not a journey we can take alone. It is important to gain insights from developed nations that have already made significant progress in this field. Equally, it is vital to engage Sri Lankan scientists and professionals abroad who have long been working in renewable energy and hydrogen technology,” he said.
“Securing the support of global experts and our own diaspora scientists is a significant achievement. I also wish to extend my gratitude to the institutions and specialists who are contributing in various ways to this national effort,” the Minister added.
The event brought together senior government officials including Ministry Secretary Prof. Udayanga Hemapala, Transport and Highways Secretary Prof. Kapila C.K. Perera, and Environment Secretary K.R. Uduwawala. International partners were also represented, with UNDP Deputy Resident Representative Marina Ten underscoring the organization’s support for Sri Lanka’s clean energy transition.
Heads of key energy institutions such as the Ceylon Petroleum Corporation, the Sri Lanka Atomic Energy Board, and the Lanka Electricity Company were also present, signaling the cross-sectoral importance of hydrogen development.
Globally, hydrogen is gaining recognition as a critical component of decarbonization strategies. Countries such as Japan, Germany, and Australia have invested heavily in hydrogen technologies, positioning themselves as leaders in the energy transition. For Sri Lanka, adopting hydrogen is seen not only as a step towards energy security but also as an opportunity to align with global markets and attract green investment.
By Ifham Nizam ✍️
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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