Business
Jaishankar to visit Sri Lanka, may discuss debt crisis
The Hindu:Indian External Affairs Minister S. Jaishankar will travel to Sri Lanka next week, sources told The Hindu. This will be his first trip to the country since President Ranil Wickremesinghe was sworn-in last July after street protests forced out the previous Rajapaksa regime.
Officials said that while a full review of bilateral ties is on the agenda, the visit comes amidst efforts by the Sri Lankan government to get “written financial assurances” from their closest and biggest creditors — India and China — on restructuring their debt. This is needed to make progress on their bailout plan being discussed with the International Monetary Fund (IMF).
Jaishankar’s two-day visit to Colombo, scheduled for January 19-20, will follow a visit by a ministerial delegation of the Communist Party of China (CPC). The visits, coming back-to-back, are crucial for Colombo to avail itself of the $2.9 billion IMF package under its Extended Fund Facility. The Sri Lankan government has said that it hopes to borrow more money once the IMF programme kicks in, to set its economy on a path to recovery following last year’s crushing meltdown. China, Japan, and India are Sri Lanka’s three largest bilateral creditors, and Colombo is counting on their cooperation for economic revival.
On Friday, the Chinese Embassy in Colombo announced that a “high-level delegation of the CPC led by the International Department Vice Minister Chen Zhou will visit Sri Lanka 14-18 January, the first official visit of the CPC to the island in the new year of 2023 and after its 20th National Congress.”
India has been involved closely in assisting Sri Lanka’s economic recovery programme after a near-debt default last year, and has been coordinating with other partners like the US and Japan, both on a bilateral level and at the Quad’s meetings, in order to find ways to help Sri Lanka overcome its financial crisis. However, strategic ties hit a block over the Sri Lankan government’s decision to allow a Chinese satellite tracking vessel into Hambantota port last August, a development that both India and the US formally protested against.
The External Affairs Minister was last in Colombo in March 2022, as India announced an unprecedented $4 billion assistance package to help Sri Lanka at the height of its crisis. He earlier met with the Sri Lankan Foreign Minister Ali Sabry on the sidelines of the ASEAN conference in Cambodia in August, assuring him of India’s commitment to be a “dependable friend and reliable partner” to Sri Lanka.
Jaishankar will also discuss trade and transit ties with Sri Lanka. New Delhi and Colombo are in talks to enhance ferry connectivity, following the restart of Chennai-Jaffna flights last month, for the first time after the COVID-19 pandemic. The Wickremesinghe government has committed to resuming negotiations on the stalled Economic and Technological Cooperation Agreement as well.
His visit comes even as Wickremesinghe is holding talks with Sri Lanka’s Tamil political leadership on a durable political solution. The Tamil parties have expressed concerns over the absence of any tangible action on their demands pertaining to land grabs in the North and East, the release of political prisoners and answers to families of disappeared persons. These are issues that the External Affairs Minister had raised last year, in talks with the then-Rajapaksa administration.
Business
Sri Lanka’s first generative AI‑powered, trilingual insurance assistant
Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.
Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.
For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.
The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.
The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.
The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.
Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)
Business
‘Lanka Tractors returns with a historic Colombo 11 showroom’
Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.
Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.
Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.
The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.
Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.
Business
Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo
The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.
Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.
Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.
Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.
Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .
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