Business
iPay promotes nationwide LANKAQR drive in Negombo

Continuing its support to the Central Bank of Sri Lanka’s (CBSL) initiative to promote cashless digital payments through the LANKAQR promotional campaign, iPay, powered by LOLC, once again came forward to support the recent promotional event held on the 18th of December 2021 at the Kadolkale Ground in the city of Negombo. Mr. Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka, graced the occasion as the Chief Guest. CBSL Assistant Governor Mr. D. Kumaratunge was also amongst the distinguished guests. LOLC Finance PLC Regional Manager, Mr. Dinesh Jayakody and Head of iPay, Mr. Charitha Jayasinghe were also present.
During the event, LOLC Finance carried out a special user and merchant acquiring campaign to promote the habit of digital payments amongst the general public and to experience the convenience of iPay throughout their day to day transactions. This was implemented through three selected LOLC Finance branches in the Southern region. On the day of the event, Mr. Montini Warnakula, Chief Operating Officer of LOLC Finance PLC stated, “The main purpose of executing this awareness plus user and merchant acquiring campaign is to ensure that more and more users and merchants in this part of the country could also start experiencing the convenience of iPay. We believe that this initiative will further bolster the CBSL’s drive to promote digital payments across the nation. As the leading Non-Bank Financial Institution in Sri Lanka (NBFI), we remain committed to supporting this nationwide initiative”.
LANKAQR is a nationwide initiative of the CBSL to ensure all QR codes and QR based transactions in Sri Lanka are standardized and interoperable. LankaClear has been entrusted by CBSL to implement and operate LANKAQR. LANKAQR allows the customer to download a mobile payment application with LANKAQR to their mobile phone and make payments directly using the customer’s bank account. The payment is immediately credited to the businessman’s bank account.
iPay has been built on an architecture that allows easy integration with any system and has been designed with a host of features, giving the user a unique, one of a kind transaction experience. The vibrant and well organized graphical user interface of iPay promises a unique experience whilst carrying out payments. LOLC Finance currently operates as iPay’s merchant acquiring partner. The app includes a host of features designed to securely integrate the customer and merchant ecosystem, making it a true fin-tech platform. (end)
Business
President briefs Sri Lankan delegation leaving for tariff related discussions in Washington

A Sri Lankan delegation is set to participate in discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR). This is the second in-person meeting aimed at ongoing efforts to strengthen bilateral trade relations between the two nations.
This initiative builds on several prior virtual interactions held between the USTR and Sri Lankan officials, and underscores a commitment to deepening economic ties. The upcoming talks are anticipated to explore avenues for enhancing trade cooperation and securing favourable outcomes for Sri Lanka, in light of current economic priorities.
Ahead of the visit, a high-level meeting was convened today under the leadership of President Anura Kumara Disanayake to ensure the country’s interests are well represented. The discussion focused on aligning the delegation’s approach with Sri Lanka’s broader economic strategy, ensuring the best possible outcomes from the upcoming discussions.
Key participants at the meeting included Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma; Secretary to the Ministry of Trade, Commerce, Food Security and Cooperative Development, K.A. Vimalenthirarajah; Duminda Hulangamuwa, Senior Economic Advisor to the President; Governor of the Central Bank Dr. Nandalal Weerasinghe; Secretary to the Ministry of Finance, Planning and Economic Development K.M.M. Siriwardana; Nirmal Vigneshwaran, representing the Attorney General’s Department; and Dharshana Perera from the Ministry of Foreign Affairs.
Details of the discussions in Washington are expected to be made available following the conclusion of the meetings.
[PMD]
Business
“Tourism Renaissance 2025” launched under the patronage of president

Sri Lanka’s largest tourism exhibition, “Tourism Renaissance 2025” (Sancharaka Udawa 2025), was inaugurated on Friday (23) at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo under the patronage of President Anura Kumara Disanayake.
Organized jointly by the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Association of Inbound Tour Operators (SLAITO), this event brings together key stakeholders across the tourism industry. It offers a valuable platform for small and medium-scale enterprises, as well as individuals aspiring to enter the tourism sector, to connect with market opportunities and showcase their products and services.
The two-day exhibition, which ends on Saturday [24], features 250 trade stalls and includes participation from a wide range of sectors such as hotels, tour operators, airlines, service providers and educational institutions.
Speaking at the opening ceremony, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath stated that the government has declared 2025 the “Year of Tourism Renaissance,” with plans to generate USD 5 billion in revenue from the tourism sector by the end of the year.
Also in attendance at the opening ceremony were Secretary to the Ministry of Foreign Affairs, Foreign Employment and Tourism Aruni Ranaraja, SLAITO Chairman Nalin Jayasundara, SLTPB Chairman Buddhika Hewawasam and a distinguished group of invitees including the Ambassador of Germany to Sri Lanka.
Business
‘Be Part of the Plan’ – Sri Lanka’s theme for International Day for Biological Diversity

Sri Lanka celebrated International Day for Biological Diversity with a vibrant national event at the Popam Arboretum in Dambulla, centering on the theme “Be part of the Plan.” The celebration, attended by students, researchers, community members, and officials, was led by Minister of Environment Dr. Dhammika Patabendi, who emphasized the country’s commitment to preserving biodiversity and promoting sustainable development.
Delivering the keynote address, Minister Patabendi said, “As a government, we are committed to taking every possible step to protect our ecosystems and biodiversity. But this is not the responsibility of the government alone. It is a shared responsibility—one that requires the active participation of every citizen.”
The event highlighted the value of community involvement in conservation and featured a series of exhibitions and talks focused on sustainable tourism, traditional food systems, and environmental education. Locally sourced underutilized fruits and indigenous foods were displayed and shared by communities, underscoring the deep ties between biodiversity and traditional knowledge.
The celebration also featured two major guest lectures. Professor Cyril Wijesundara spoke on the current status of biodiversity in Sri Lanka, while Professor Gamini Pushpakumara presented on the promotion of underutilized food crops—a key element in ensuring food security and sustainability in the face of climate change.
“This is more than a celebration,” Minister Patabendi told journalists at the event. “It’s a reminder that sustainable development must go hand-in-hand with nature. We need to build our future with the forest, not against it.”
By Ifham Nizam
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