Business
SLTDA streamlines tourism investment approval process with common application
Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval process and the facilitation services provided by the Investor Relations Unit (IRU) – the unit established within SLTDA as the centralized facilitation arm for tourism investments in the country.
The key objective of this effort is to provide a single point of contact for the investors in the tourism sector and to provide an efficient, effective and hassle-free investment facilitation process for tourism investments.
In general, an investor in the tourism sector has to fill individual applications for several line agencies for approval of a tourism project. The number of agencies applicable for a tourism project is comparatively higher if the projects are located closer to a sensitive attraction. The process, therefore, becomes tedious, complex and time-consuming and as a result, incurs a considerable cost for the investor. This situation sometimes also encourages third party involvements which lead to corruption.
Finding solutions for the above issues; a centralized facilitation unit was established by SLTDA in late 2010. The IRU has approved 503 projects with a total value of US $ 3789.04 Mns during the past 10 years. The inter-agency collaboration was further strengthened recently with the continuous dialogue which resulted in bringing together all project approving government agencies to prepare one common application for tourism investments.
In addition, the approval processes of key approving agencies were mapped to spot the duplications and delays due to unnecessary steps and multiple signatories. The process was thereby streamlined and as a result, the time taken to issue a preliminary clearance was able to be reduced from 45 days to 25 days. The total average number of reduction of days taken for project approvals is expected to be reduced further in the future.
Technical support for the above streamlining process was provided to SLTDA by USAID’s Supporting Accelerated Investment in Sri Lanka (SAIL) Project with a team of experts with international expertise & exposure. Talking about the contribution made by the SAIL project, Glenn F. J. Mackenzie-Frazer, Chief of Party, IDG Country Director stated:
“The hard work and dedication of the SLTDA Investor Relations Unit is now bearing fruit and making the investment process a streamlined and transparent process which is investor focused. This is one more step on the path of placing Sri Lanka at the forefront of tourism globally. It has been USAID-SAIL’s privilege to partner with SLTDA on this journey”.
Having the tourism mandate as per the Tourism Act No 38 of 2005, SLTDA’s Investor Relations Unit (IRU) makes sure all upcoming developments in tourism by the private sector is complied with specified quality standards and developed in compliance to the existing regulations of the country. This helps reduce low-quality and illegal tourism establishments, which will impact in eradicating informal sector of tourism in the future.
Responding to the achievements recently made by the Investor Relations Unit (IRU, Kimarli Fernando, chairperson of SLTDA stated,
“The above achievements are not made solely by the SLTDA. It’s a joint effort made by all government agencies. The collaboration and support given by all the government agencies in making these improvements to the process are tremendous, SLTDA thanks all the Heads of those agencies and all the government officers who contributed to this effort.
“Very soon, the entire process will be automated and the facility will be available for the investor to submit the application on-line and to track the progress of approvals. This will be an integrated system where all the project approving agencies and utility agencies are connected”
SLTDA encourages all the investors to obtain the services of Investor Relations Unit (IRU) to obtain reliable information on the process, proper guidance and facilitation services to ensure successful tourism projects with proper quality standards. -(SLTDA)
Business
Siyapatha Finance unveils newest branch in Bandarawela
Siyapatha Finance PLC recently expanded its island-wide footprint with the successful inauguration of its 64th branch in Bandarawela. Strategically located in scenic hill town in the Badulla District, the latest branch offers convenient and wider access to tailored, customer-centric financial solutions.
The branch was ceremoniously declared open by Siyapatha Finance PLC Chief Executive Officer (CEO) Mathisha Hewavitharana, joined by Chief Operating Officer (COO)Rajeev De Silva, Ms.D.M. Dewmi Tharindi, a student of Bandarawela Dharmapala Vidyalaya who won the Under-18 Girls’ 3,000m event at the Junior National Athletics Championship, the Senior Management and staff members as well as Traffic OIC Kandasami, Trade Association Secretary Sunanda Rathnayaka, representatives of the government and private banks and insurance companies and well-wishers.
Sharing his thoughts, Siyapatha Finance PLC CEO Mathisha Hewavitharana remarked: “We are deeply honoured to be of service to the people of Bandarawela. Opening this branch is a pivotal step in our 2026 expansion strategy and a reflection of our commitment to strengthen our presence in Sri Lanka. It is a region that showcases potential for greater economic development primarily through the country’s traditional agricultural practices. We look forward to reaching as many different communities as possible in the coming years.”
The Bandarawela branch offers a comprehensive product portfolio including leasing, fixed deposits, gold financing, business loans, personal loans, fast draft, and factoring to Smart Pay, the Company’s bill payment facility. With a thorough understanding about the current socio-economic dynamics of the region, the well-trained team at the newest branch is dedicated to providing flexible financial solutions to aspiring individuals as well as small and medium-scale enterprises (SMEs).
Business
Dialog recognised as Sri Lanka’s Most Loved Service and Telecommunications Brand for third consecutive year
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has once again been recognised as Sri Lanka’s Most Loved Brand in the Service and Telecommunications sectors, while also ranking among the top Corporate Brands in the LMD Brands Annual. Marking its third consecutive year at the top of both categories, the recognition reflects the company’s commitment to enriching Sri Lankan lives and enterprises through technology, while creating value for customers, communities and the nation.
The accolades were awarded through the LMD Brands Annual survey, conducted independently by PepperCube Consultants on behalf of Media Services. Based on responses from 400 readers across Sri Lanka, representing a broad demographic and geographic mix, the survey identified the brands that resonated most strongly with consumers in terms of trust, loyalty and brand affinity.
Lasantha Theverapperuma, Group Chief Marketing Officer of Dialog Axiata PLC said, “Being recognised as Sri Lanka’s Most Loved Brand across both the Service and Telecommunications sectors is a meaningful endorsement of the trust and confidence that Sri Lankans continue to place in Dialog. This recognition reflects our commitment to understanding and serving the evolving needs of our customers while expanding access to digital connectivity, services and opportunities. As we continue to innovate and grow, we remain focused on creating value for communities and supporting Sri Lanka’s digital and socioeconomic progress.”
The recognition also reflects Dialog’s continued focus on innovation, customer-centricity and investments that support Sri Lanka’s digital future, including expanded 5G connectivity, AI-powered digital experiences and broader access to digital services.
Beyond connectivity, Dialog continues to support communities, livelihoods and the environment through initiatives such as Govi Mithuru, which provides AI-driven agricultural advisory services to over one million farmers, and Shishyadhara, which has enabled subsidy distribution to more than 450,000 underprivileged students. The company also continues to advance its Net Zero 2050 ambition through energy optimisation, renewable energy adoption and the expansion of solar-powered network infrastructure.
Further underscoring the brand’s standing among Sri Lankan consumers, Dialog was also recognised as the ‘Service Brand of the Year’ for the fifth time and the ‘Telecommunication Brand of the Year’ for the 15th consecutive year at the SLIM-KANTAR People’s Awards 2026.
Business
The Council for Business with Britain appoints Ameena Ziauddin president at 26th Annual General Meeting
The Council for Business with Britain (CBB) of The Ceylon Chamber of Commerce held its 26th Annual General Meeting at Westminster House, Colombo, bringing together members and stakeholders committed to strengthening trade and investment relations between Sri Lanka and the United Kingdom.
Ms. Ameena Ziauddin, Managing Director of Norfolk Foods, was elected president of the Council for Business with Britain for the 2026–2027 term. Shiluka Goonewardene, Principal and Head of Deal Advisory at KPMG in Sri Lanka, assumed office as Senior Vice President, while Fadhil Jiffry, Chief Financial Officer of LSEG, was elected Vice President. Ms. Krystle Reid Wijesuriya, Chief Executive Officer of We Are Team Rocket, was elected Treasurer. Immediate Past President Mark Surgenor, CEO, of HSBC will continue to serve on the Committee.
The following companies were elected to serve on the Council’s Committee for 2026–2027: Aitken Spence Travels (Pvt) Ltd, GTN Technologies (Pvt) Ltd, Hayleys PLC, Hilton Colombo Residences, John Keells Holdings PLC, MAS Holdings (Pvt) Ltd, Ocean Pick (Pvt) Ltd, Point to Point Consulting, Unilever Sri Lanka Limited, Wilton Metal Box Company (Pvt) Ltd.
The Council also invited Ms. Asanthi Fernando, Head of Trade & Investment at the British High Commission; Sanath Manatunge, Chief Executive Officer of Commercial Bank of Ceylon PLC; Ms. Hannah Wells, Principal of The British School in Colombo; and Orlando Edwards, Country Director of the British Council Sri Lanka, to serve on the Committee by invitation. Shirendra Lawrence, Ms. Roshanie Moraes, and Ms. Tania Polonnowita were appointed to the Advisory Committee, ensuring continuity and strategic guidance for the Council’s future initiatives.
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