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Lanka–Canada trade ties get major boost

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Meeting with City of Toronto

A Sri Lankan business delegation, organised by the Sri Lanka–Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce, with support from the Canada–Sri Lanka Business Convention (CSLBC), the Canadian High Commission in Sri Lanka, and the High Commission of Sri Lanka in Canada, concluded a trade and investment mission in Canada from 28th October to 14th November 2025.

The delegation represented the agriculture, IT, finance, tourism, education, and investment consultancy sectors, engaging Canadian business and government leaders across Toronto, Quebec, Montreal, Saskatchewan, and Vancouver.

The mission commenced in Toronto with a courtesy call on the Consulate and CSLBC leadership. Discussions centered on expanding opportunities in banking, financial services, insurance, agri-tech, and medical tourism, as well as the role of the Consulate in facilitating trade and Canada’s growing interests in Indo-Pacific markets. Plans for an investment forum in Colombo and closer alignment on Canada–Sri Lanka diaspora-led trade and investment initiatives were also explored. Delegates participated in a Business Forum and sectoral sessions covering tourism, agriculture, IT, education, and women’s entrepreneurship, while the proposed Overseas Citizens of Sri Lanka (OCSL) special visa scheme was also discussed. A networking reception featured the soft launch of the “Asia’s Emerging Economies Expo 2026”, along with recognition from the Legislative Assembly of Ontario for the delegation’s contribution.

In Montreal, discussions with the Honorary Consul of Sri Lanka and Sri Lankan business leaders focused on investor facilitation and promoting the upcoming “Gateway to Growth” trade fair.

In Quebec, delegates representing the education sector attended the Quebec Immigration and Integration Fair 2025, engaging with key stakeholders in international education and talent mobility.

Engagements in Saskatchewan highlighted opportunities for collaboration in food security, agriculture, and resource development. At the Global Institute for Food Security, SLCBC appointed Dr. Ruben Rajkumar as the Goodwill Ambassador for Saskatchewan, recognising his efforts in strengthening ties with Sri Lanka. Visits to Bioriginal and the University of Saskatchewan revealed promising opportunities in value-added processing, smart agriculture, post-harvest technology, joint research initiatives, and strengthening export capabilities. Further discussions were held with the University of Regina on scholarships, joint degrees, and student mobility programmes.

The delegation also met with Toronto city officials on potential collaboration in venture capital, trade exhibitions, and education partnerships.

The mission concluded with clear pathways for expanded economic, academic, and research cooperation, including diaspora-led initiatives, joint innovation projects, and sector-based partnerships. Leader of the delegation and President of SLCBC, M.H.K.M. Hameez, noted that the visit reinforced Canada’s growing interest in Sri Lanka’s strengths and created practical openings for long-term collaboration. He also emphasized that Sri Lanka is the best destination in Asia to grow Canadian businesses in the region. SLCBC will now work closely with stakeholders in both countries to advance these opportunities toward implementation.



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Burning of low-grade coal at N’cholai plant increases pollution: Parliament

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Parliament yesterday (30) said the use of inferior quality coal at Norochcholai Lak Vijaya coal-fired power plant caused environmental pollution.

The Opposition has accused the Energy Ministry of importing low quality coal and the CEB has directly blamed the developing crisis in coal imported from South Africa.

The Parliament is scheduled to debate a no-confidence motion moved by SJB-led Opposition against Energy Minister Kumara Jayakody on 10 April.

The Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability has instructed officials to immediately prepare a plan for the environmentally friendly disposal of ash emitted from the Norochcholai Lak Vijaya Power Plant.

These instructions were given at a recent meeting of the Committee held in Parliament, under the Chairmanship of Member of Parliament Hector Appuhamy.

It was revealed during the meeting that due to issues related to the quality of coal imported to Sri Lanka for power generation, the volume of ash emitted during electricity generation had increased significantly. Officials were directed to formulate a plan under the leadership of the District Secretary of the Puttalam District, to take the necessary measures.

It was also proposed that the possibility of reusing the coal ash for production purposes be studied, and that any revenue generated from such products be utilised for welfare projects benefiting the communities affected by the power plant.

In addition, the Committee instructed the Central Environmental Authority to submit a comprehensive report on whether water and air pollution have occurred as a result of the Norochcholai Power Plant. Furthermore, the North Western Provincial Environmental Authority was also instructed to provide responses within two weeks regarding the questionnaire and related matters submitted by the Committee in connection with the Norochcholai Power Plant.

Officials of the North Western Provincial Environmental Authority stated that although the volume of ash emitted from the plant had increased, the filtration system in use at the plant was sufficient to absorb it. Several matters, including the issuance of environmental protection licenses for the power plant, were discussed at the committee meeting.

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Tariff shock from 01 April as power costs climb across the board

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By Ifham Nizam

Electricity consumers will face a fresh financial jolt from 01 April, with the Public Utilities Commission of Sri Lanka (PUCSL) approving a countrywide tariff increase that will push up monthly bills across all consumption categories, with the heaviest burden falling on high-end users.

The decision follows a proposal by the Ceylon Electricity Board (CEB), which sought a 13.56 percent upward revision for the second quarter of the year, citing mounting operational costs and financial pressures within the power sector.

Under the new tariff structure, even the lowest-income households will not be spared, though the increases at the bottom tiers remain relatively modest. Consumers using between 0–30 units will see a 4.3 percent rise, adding approximately Rs. 15 to their monthly bill. Those in the 31–60 unit bracket will experience a 6.9 percent increase, translating to an additional Rs. 45.

For middle-tier users, the impact becomes more pronounced. Households consuming 61–90 units will pay around Rs. 120 more per month, following a 6.9 percent hike, while those in the 91–120 unit range will face a sharper increase of 7.1 percent, pushing their monthly costs up by about Rs. 420.

However, the steepest escalation is reserved for heavy electricity users. Consumers exceeding 180 units will be hit with a staggering 25 percent increase — the highest adjustment under the latest revision — raising serious concerns over affordability, particularly for urban households and small businesses already grappling with rising living costs.

Energy sector analysts warn that the latest revision signals deeper structural issues within the power sector, including reliance on costly thermal generation, currency pressures, and inefficiencies in energy procurement.

“The burden is gradually shifting toward consumers as the sector struggles to maintain financial stability,” a senior power sector analyst said, noting that repeated tariff adjustments could further strain public tolerance.

The PUCSL maintained that the revision was necessary to ensure the sustainability of electricity supply and to prevent a recurrence of crises that previously led to widespread outages and load shedding. The regulator has also indicated that cost-reflective pricing remains a key policy direction, particularly as global energy markets remain volatile.

The move comes at a time when many households are still adjusting to broader economic pressures, including high food prices and transport costs, raising fears that the tariff hike could have a cascading effect on the cost of living.

Small and medium enterprises, already operating on thin margins, are also expected to feel the pinch, with higher electricity costs likely to feed into production expenses and retail prices.

Despite the increases, questions remain over whether the tariff revision alone will be sufficient to stabilise the financially strained power sector, or if further adjustments — or reforms — may be inevitable in the months ahead.

With electricity demand steadily rising and generation costs remaining unpredictable, consumers now brace for yet another phase of higher utility bills, underscoring the fragile balance between energy security and economic resilience.

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CDL under new management completes major Norwegian ship order

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The Colombo Dockyard (CDL) under its new management has completed a major contract undertaken in March 2020 to build ten ships for Norwegian Misje Eco Bulk AS.

The company said that in spite of unprecedented global disruptions, a pandemic, an economic bankruptcy, regional wars, supply chain disruptions, logistical uncertainties, and untold hardships, they had been able somehow to meet contractual obligations.

The tenth ship was delivered to Misje Eco Bulk AS at the Colombo harbour recently.

Indian shipbuilding giant Mazagon Dock Shipbuilders Ltd. (MDL), affiliated to India’s Ministry of Defence (MOD), acquired controlling stake in CDL from Japanese shipbuilder Onomichi in mid last year MDL paid USD 52.96 mn for the stake.

Dileesh Rosemary De Silva breaking a bottle of champagne in celebration. She is flanked by Roald Misje CEO Misje EcoBulk AS and Thusitha Herath Site Team Manager of Misje EcoBulk AS

The owners named the vessel ‘Misje Kandy’ as a tribute to CDL. Ceremonial breaking of the milk pot in accordance with the Sri Lankan traditions was done by the Colombo Dockyard’s Project Manager of the series of 10 vessels S.M.S.B. Serasinghe. In accordance with the western traditions the ceremonial breaking of the Champagne bottle was done by the God Mother of the vessel Mrs. Dileesh Rosemary de Silva.

The 89.95m DNV-classed Eco Bulker was conceptualised by Wartsila Ship Design Norway, with detailed design work carried out by CDPLC’s skilled in-house design team. In line with the latest trends in sustainable shipping. The vessel is equipped with an advanced Energy Storage Battery System (ESS) for Electric Hybrid Propulsion, complementing the conventional diesel propulsion system to enhance operational performance and reduce environmental impact.

Indian High Commissioner in Colombo Santosh Jha attended the ship launch with the government represented by deputy ministers Nishantha Jayaweera and Janitha Kodithuwakku.

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