Business
‘One-man soft power engine’ who builds bridges between communities
In the competitive world of global tourism, few private citizens have made a national impact quite like Nisther Annis. A Sri Lankan entrepreneur who rose to prominence in the UK’s travel industry, Annis transformed not only the way Britons experienced Sri Lanka, but how they understood it. Over the span of four decades, he became a one-man soft power engine—deploying business strategy, diaspora networks, and cultural insight to elevate Sri Lanka’s global brand.
“I always believed Sri Lanka could offer more than just beaches, Annis told The Island Financial Review.
He added: “We had culture, faith, family, food, and hospitality. All we needed was the right narrative—and a business model to deliver it.”
Annis’s strategic instincts were inherited. He is the eldest son of S. M. Annis, the most senior official in the country’s Public Works Department, whose infrastructure projects defined Sri Lanka’s physical landscape post-independence. “My father laid roads and built bridges, Annis says. “I like to think I did the same—just across countries and communities.”
Founding Annis Travels & Tours in London in 1980, he went on to become the first Sri Lankan to be inducted as a Fellow of the UK’s Institute of Travel and Tourism. This recognition helped him build credibility among major international airlines, leading to long-term partnerships with Emirates, Qatar Airways, Royal Jordanian, PIA, and SriLankan Airlines.
But Annis was never interested in tourism for tourism’s sake. He saw the industry as a lever to reposition Sri Lanka economically. One of his most successful ventures was integrating Hajj and Umrah pilgrimages with Colombo stopovers. “I worked with Saudi Airlines and SriLankan Airlines to design a seamless route,” he explains. “Suddenly, Colombo became more than a transit—it became a destination.”
These carefully engineered stopovers translated into millions in revenue across Sri Lanka’s hotels, restaurants, and retail outlets—without government subsidy.
In a similar vein, he tapped into medical tourism, connecting Sri Lanka’s growing private hospital network with South Asian patients in the UK. “There was a gap, he notes. “Private hospitals in Colombo had the skill and pricing advantage. I connected them to patients who were paying five times more for the same care in the UK.”
Annis also pioneered high-spend niche tourism segments. Recognizing the growing appeal of destination weddings, he organized the UK’s first Sri Lankan wedding fair. “We created a pipeline of couples bringing not just themselves but 100 guests, each spending dollars in Sri Lanka. That’s how you create ripple effects.”
He emphasizes that his approach has always combined commerce with emotion. “Every Sri Lankan abroad wants to be useful to their country. My job was to turn that feeling into structured economic activity.”
A master of cultural branding, Annis understood the symbolic power of cricket. After Sri Lanka’s 1996 World Cup victory, he organized a high-profile gala dinner at London Hilton Kensington, bringing the team together with the business community and diplomats. “That night, we weren’t a small island. We were a world champion,” he says. “People saw us differently.”
Following the 2004 tsunami, Annis co-founded the Al Ihsaan Trust UK, which continues to fund orphan support, women’s programs and free clinics in Sri Lanka. “We didn’t just send donations. We sent business plans, he says. “It was about dignity, not dependency.”
Among Annis’s boldest ideas is a direct cruise line between Sri Lanka and the UK—connecting Colombo, the Gulf and Europe. The project, while delayed due to regional security issues, remains part of his long-term vision. “Maritime tourism is underutilized, he argues. “One cruise ship can bring in the equivalent of four planeloads of tourists—many of them high-spending.”
By Ifham Nizam
Business
Historic launch of CCWE Fashion Week & International Summit 2026
The Ceylon Chamber of Women Entrepreneurs (CCWE) officially announced the CCWE Fashion Week & International Summit 2026 at a press conference held in Colombo, unveiling a historic national initiative that will mark the first-ever fashion week in Sri Lanka and the South Asian region dedicated exclusively to women entrepreneurs.
Held under the theme “Threads of Inclusion Woven from Every Walk of Life,” the event is scheduled to take place from 16th to 20th July 2026 at Cinnamon Life, Colombo, positioning Sri Lanka at the forefront of inclusive and sustainable fashion while creating a powerful platform for economic and social transformation.
This landmark initiative goes beyond fashion to deliver meaningful value to society by empowering women entrepreneurs across diverse communities, industries, and regions. By bringing together designers, artisans, SMEs, policymakers, investors, and international stakeholders, the event aims to create new market opportunities, strengthen financial inclusion, and promote sustainable livelihoods. It will serve as a catalyst for economic growth by supporting women-led businesses, enhancing export potential, encouraging youth participation in creative industries, and fostering regional collaboration across South Asia.
Supported by a strong network of corporate partners, the initiative is led by HNB as the Title Sponsor, reflecting a collective commitment to empowering women economically and driving more inclusive national progress.
Speaking at the press conference, Dr. Ayanthi Gurusinghe, President of CCWE and Chairman of the Fashion Week, stated, “Today we are announcing more than an event—we are introducing a national movement that will transform the way we view women entrepreneurs in Sri Lanka. This platform is designed to open doors for women from every walk of life, enabling them to convert talent into enterprise, gain access to markets, and contribute meaningfully to the economy. Through this initiative, Sri Lanka has the opportunity to lead the region in building a future where inclusion meets opportunity and equality.”
HNB, MD/ CEO, Damith Pallewatte, added, “For over 135 years, HNB has stood as a partner in progress to all Sri Lankans, and supporting women entrepreneurs is central to how we continue that legacy. This initiative creates a platform where women can access markets, build sustainable businesses, and contribute meaningfully to national economic development.
When women are empowered with the right access and support, the impact extends to families, communities, and the broader economy. Our decision to serve as Title Sponsor is driven by our commitment to enabling that access and supporting pathways for long-term growth through financial inclusion and enterprise development.”
Extending regional support, Mrs. Premila Acharya, President of the South Asian Women Development Forum (SAWDF), shared her support online, “The CCWE Fashion Week & International Summit 2026 is a landmark initiative that reflects the strength and potential of women entrepreneurs across our region. It is inspiring to see Sri Lanka take the lead in creating a platform where inclusion, opportunity, and equality come together. SAWDF is proud to stand in partnership with CCWE in empowering women through collaboration and shared progress.”
Highlighting achievements The United Nations Economic and Social Commission for Asia and the Pacific Subregional Office for South and South-West (ESCAP-SSWA) as Knowledge Partner Ms. Mikiko Tanaka, Head and Director noted “ESCAP is pleased to serve as a knowledge partner for the CCWE Fashion Week & International Summit 2026. This initiative reflects our shared commitment to enhance women entrepreneurs’ access to markets, finance and digital networks. Connecting women-led businesses to regional networks can further unlock opportunities outside Sri Lanka. We commend CCWE’s leadership in creating an enabling environment for women from diverse backgrounds to innovate, participate and contribute to inclusive and sustainable economic development.”
Business
Sri Lanka’s capital market gains international recognition for GSS+ Bond issuances
The Colombo Stock Exchange (CSE) announces that Sri Lanka’s capital market has received international recognition for the quality and innovation of its Green, Social, Sustainability and Sustainability-Linked (GSS+) bond issuances at the 2026 Sustainable Debt Awards hosted by Environmental Finance. This milestone reflects the continued strengthening of Sri Lanka’s sustainable finance landscape and its growing alignment with international capital markets.
This achievement builds on a sustained collaboration with the EU-funded Green Recovery Facility, implemented by Expertise France, which has supported the development and international positioning of Sri Lanka’s GSS+ bond market. Advisory and coordination support has been provided in close collaboration with the CSE, alongside technical inputs from the contracted consultancy team Baastel led by Jason Taylor.
Since supporting the operationalisation of Sri Lanka’s Green Bond Framework in 2023, this engagement has evolved into a broader effort to develop the country’s GSS+ bond market. Through strengthened policy alignment, market development, and stakeholder engagement, this partnership has contributed to corporate GSS+ bond issuances aligned with international standards.
Collectively, recent GSS+ bond issuances in Sri Lanka have mobilised approximately LKR 82 billion (around EUR 216 million) across green, blue, social, sustainability, and sustainability-linked instruments, financing priority sectors such as renewable energy, energy efficiency, water and coastal resilience, and inclusive social infrastructure. These issuances have been oversubscribed, reflecting growing investor confidence in Sri Lanka’s sustainable finance framework.
This progress has been supported by the introduction of Sri Lanka’s GSS+ Bonds Regulatory Framework in 2025, aligned with international principles, further strengthening market credibility and investor confidence.
The awards recognise the following Sri Lankan institutions:
DFCC Bank – Award for Innovation: Use of Proceeds (Green Bond, APAC)
Bank of Ceylon – Award for Innovation: Sustainability Bond Structure (APAC)
Commercial Bank of Ceylon – Green Bond of the Year (Financial Institution, APAC)
Thimal Perera, Director/Chief Executive Officer, DFCC Bank PLC said, “This recognition reflects the progress Sri Lanka’s capital markets are making in aligning with international sustainable finance standards and strengthening credibility with global investors. We are honoured to receive recognition in the area of innovation in use of proceeds, which highlights the growing ability of Sri Lankan institutions to structure financing solutions with transparency, measurable impact, and long-term relevance. We remain grateful to the regulators, market participants, technical partners, and investors whose continued support is helping advance Sri Lanka’s sustainable finance ecosystem.”
“We are honoured to receive the Environmental Finance’s Sustainable Debt Award for Innovation – Sustainability Bond Structure (APAC) for the Bank of Ceylon’s inaugural LKR 20 billion Basel III compliant Tier 2 Sustainability Bond – the largest sustainability bond issuance in Sri Lanka and the first of its kind. This alignment addressed both BOC’s capital adequacy requirements and commitment to aligning sustainable finance with national development priorities while advancing resilient and inclusive economic growth in Sri Lanka. As the first Sri Lankan bank to secure this prestigious global award, we wish to thank the Colombo Stock Exchange for their proactive coordination and encouragement. We also extend our sincere appreciation to all stakeholders who partnered with us in this trailblazing endeavor.” said Mr. G. A. Jayashantha, Acting Senior Deputy General Manager/ Head of Global Markets, Bank of Ceylon.
Remarking upon the award Sanath Manatunge, Managing Director / Chief Executive Officer of Commercial Bank of Ceylon said “Winning the ‘Green Bond of the Year’ award is a significant milestone for Commercial Bank and a strong endorsement of our commitment to sustainable finance and responsible banking. As the largest private bank in Sri Lanka, we recognise our responsibility to support investments that drive long-term environmental and economic resilience, particularly in the renewable energy sector. This recognition reflects the Bank’s strategic focus on advancing sustainable financing solutions that contribute meaningfully to the country’s climate goals and broader sustainable development agenda.”
These recognitions are particularly significant in the context of Sri Lanka’s ongoing economic recovery and debt restructuring process. As the country works to restore macroeconomic stability and rebuild investor confidence, the ability of Sri Lankan financial institutions to successfully issue GSS+ bonds aligned with rigorous international standards sends a strong signal to global capital markets.
Business
Uber introduces Hybrid Subscriptions for Moto and Tuk Drivers
Uber, Sri Lanka’s most loved ridesharing platform, today announced the launch of Hybrid Subscriptions for Moto and Tuk drivers in the country. This includes a new ‘earn first, pay later’ model that gives drivers greater flexibility by allowing them to start earning on the platform without upfront payments. Drivers will continue to benefit from 0% commission on trips, allowing them to keep all of their earnings while paying a subscription fee separately.
With hybrid subscriptions, drivers can choose a model that works best for their driving patterns, making it easier for both full-time and part-time drivers to access trips and earn on Uber. The launch is aimed at improving the overall experience for drivers while continuing to offer reliable mobility for riders.
Flexibility and earning potential remain key priorities for drivers across Sri Lanka’s two- and three-wheeler ecosystem. The new model addresses this by giving drivers more control over how they engage with the platform and how they structure their earnings. By offering both time-based and earning-based subscription options, Uber provides drivers greater flexibility. While time-based subscriptions are ideal for full-time drivers, earning-based subscriptions work well for part-time drivers.
Commenting on the launch, Kaushalya Gunaratne, Country Manager – Mobility, Uber Sri Lanka, said, “”Drivers are at the heart of everything we do. We were among the first to introduce subscription models for Moto and Tuk drivers in Sri Lanka, and with hybrid subscriptions, we’re taking it further – giving drivers the benefits of zero commissions and the flexibility to choose what works best for them.”
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