Business
ICTA Digital Consortia: Over 1000 participants actively engage with six multinationals

The Information and Communication Technology Agency of Sri Lanka (ICTA) announced that it successfully concluded the inaugural ‘National Digital Consortia’, from 10th to 13th January 2022, in partnership with FITIS, SLASSCOM, BCS, and CSSL. The event featured 6 Global Tech Giants – Microsoft, Zoom, AWS, Google Cloud, Oracle, and Huawei. The event was a platform to present the latest products services and share insights on the latest trends in the global tech industry.
Over 1000 Participants actively engaged with the six multinationals during the four-day event.
Commenting on the event, Anura De Alwis, Chief Digital Economy Officer, ICTA, stated,
” As the apex body driving digital transformation in the nation, the purpose behind organising an event of this nature is to expose Sri Lanka to the latest developments in the technology industry. It is a first of its kind, bringing six global technology giants onto one platform. In doing so, we wanted to expose the public sector, private sector, tech industry, technology enthusiasts, and the general public to the latest happenings in technology. Thereby encouraging the adoption of digital technology”.
He also went on to say, “Digital Economy is a key pillar in the overall national digital transformation strategy. We are now in a phase of executing the national digital economy strategy, and it’s been a fantastic experience seeing our digital economy grow. The adoption of digital technology is crucial in enhancing the digital economy of Sri Lanka. For the very first time, we can now measure the digital economy, and the digital economy contribution to GDP stands at 4.37% as of today.”
The sessions showcased the latest technology trends in Agriculture, Health, Education, and Fintech. Additionally, fireside chats, case studies on digital government transformation, Cyber Security, Customer Engagement, and Transformation were some of the key topics discussed.
Google hosted the first session on the 10th of January, where they focused on innovation in agriculture, education, and eealthcare with the help of Google Cloud. The Google Cloud team thanked ICTA for the opportunity in letting them represent Google Cloud. The team valued the
engaging discussions, allowing them to understand the local market better, and look forward to more collaborative engagements in the future. Amazon Web Services (AWS) discussed the role of Artificial Intelligence (AI) in transforming agriculture, education and accelerating digital transformation.
Zoom hosted the second session on the 11th of January. Digital government transformation was yet another key topic discussed, followed by a panel discussion on ‘Reimagining Customer Engagement’. On the 12th of January, Oracle hosted the sessions with four simultaneous product and industry-related sessions on agriculture, healthcare, fintech, and education. Oracle thanked the organizers for the invitation to participate in the event and congratulated ICTA for taking the lead in organising a successful event.
Microsoft conducted the last session held on the 13th of January. They discussed one of the most talked-about topics during COVID-19; Cyber Security, and drove their orientation towards the digital economy. Microsoft appreciated the enthusiasm and eagerness of the audience to engage with the speakers. While congratulating ICTA for successfully concluding such a large-scale event, they expressed their willingness to work closely with ICTA on future engagements.
Huawei too, expressed their willingness to collaborate with ICTA in the future. The multinational corporations expressed that the event added much value to them and created a platform to build links to establish themselves in Sri Lanka.
Business
Market liquidity tightens as govt borrowing siphons funds from banking system

The total outstanding market liquidity surplus or excess funds available in Sri Lanka’s banking system for lending and transactions declined by Rs. 36.65 billion in a week, according to the Central Bank’s latest economic indicators report.
An economic researcher analysing the data noted: “Treasury bill and bond auctions likely drained liquidity. If this tightening persists, short-term interest rates could rise, raising borrowing costs and potentially slowing economic growth. The situation warrants close monitoring, especially as the manufacturing sector is already facing a slowdown whether due to seasonal or structural factors.”
The report also highlighted the following developments in Sri Lanka’s economy:
Fiscal improvements: The deficit has narrowed but remains elevated.
Sectoral trends: The stock market rallied, and the services sector showed slower expansion (tourism, retail and IT driving resilience).
Total expenditure and net lending increased to Rs. 1,301.9 bn during the three months ending March 2025 compared to Rs. 1,197.5 bn in the corresponding period of 2024.
During the three months ending March 2025, the overall budget deficit decreased to Rs. 234.5 bn compared to Rs. 281.3 bn recorded in the corresponding period of 2024
The rupee value of T-Bills and T-Bonds held by foreign investors decreased by 2 per cent in comparison to the previous week.
“The April 2025 industrial slowdown points to weaker output, likely due to seasonal factors such as holidays or subdued demand. However, this was partially offset by an expansion in the Services PMI, offering some relief. The broader economic outlook for Sri Lanka remains uncertain, as these mixed signals unfold as Sri Lanka would receive a tariff letter from the US in the coming weeks. With market liquidity already tightening due to government borrowings from the banking system, policymakers face mounting challenges in balancing growth and stability,” the economic researcher noted.
By Sanath Nanayakkare
Business
AIA Sri Lanka ‘Pawfect Match’ campaign

AIA Sri Lanka’s ‘Pawfect Match’ campaign, in partnership with animal welfare groups, inspired 500+ adoptions of stray pets. The initiative highlighted adoption, responsible ownership, and compassion, tackling Sri Lanka’s stray animal crisis. AIA thanks all supporters for their life-changing impact.
The campaign served as a reminder that even small acts of kindness like adopting a stray can make a big impact. It also provided an opportunity for the public to learn more about responsible pet ownership, animal rights, and the importance of compassion toward all creatures.
Business
Calton wins National Industry Brand Excellence award

Calton Sweet House Pvt. Ltd., a key part of Calton Group, was honored as the Best National Industry Brand in the Medium-Scale Food and Beverage Sector at the National Industry Brand Excellence Awards 2024, organized by the Industrial Development Board. Deshamanya Mahesh De Silva, Director of Finance and IT at Calton Group, accepted the award.
Established in 1991, Calton Sweet House has over 30 years of excellence, specializing in cakes, snacks, and frozen bakery items, with 20+ outlets across Negombo, Katunayake, and Colombo, including at Bandaranaike International Airport. The company holds ISO, HACCP, and GMP certifications, ensuring top-quality standards.
Starting as a small store in 1983, Calton Group now employs 300+ staff and operates multiple businesses, including Calton Hyper Market and Calton Catering, while partnering with global brands like Unilever and Upfield. The group remains committed to serving customers with high-quality, safely packaged food products.
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