News
Sri Lanka Insurance goes green with ISO 14064-1:2018 Standards

Sri Lanka Insurance yet again endorses its strength as the national insurer by achieving a significant milestone in its sustainability efforts. Reaffirming its commitment to environmental responsibility and transparency, SLIC has received Greenhouse Gas Verification in line with ISO standards by meeting the requirements ISO 14064-1:2018 and been verified as per the specification of ISO 14064-3:2019 standard.
ISO 14064 is a globally recognized standard that sets forth guidelines for quantifying, monitoring, and reporting greenhouse gas emissions. Compliance with these standards demonstrates Sri Lanka Insurance’s commitment to environmental sustainability and corporate responsibility.
Furthermore, it also demonstrates SLIC’s dedication to reducing its carbon footprint and contributing to the fight against climate change. By accurately measuring and reporting its greenhouse gas emissions, the company takes a significant step towards better understanding and addressing its environmental impact. This move aligns with global efforts to combat climate change and adhere to international climate agreements
The GHG emissions from all the activities within the company boundary including energy consumed by buildings, industrial operations and vehicles of the company are measured by the organization’s Carbon Footprint. When the emissions are quantified, major sources of emissions are identified and areas for emission reduction and efficiency improvements are targeted. By quantifying the Greenhouse gas emission, SLIC intend to reduce the emission by various means with the support of the staff.
The verification process was conducted by Sri Lanka Climate Fund (Pvt) Ltd., an accredited third-party organization, ensuring impartiality and accuracy. The verification included a series of assessments supplemented with the activities of the Sri Lanka Insurance Corporation which included Head office and the branch network. ISO 14064-1:2018 specifies the principles and requirements for designing, developing, and managing an organization’s GHG inventory, while ISO 14064-3:2019 outlines the validation and verification of GHG assertions.
News
Wijepala claims Pillayan had prior knowledge of Easter Sunday attacks

Minister of Public Security Ananda Wijepala informed Parliament yesterday that Sivanesathurai Chandrakanthan, also known as Pillayan, had prior knowledge of the 2019 Easter Sunday attacks while he was in custody at the Batticaloa Prison.
“We have evidence to prove that he had prior knowledge of the attacks,” the Minister said.
The ministerial statement was made during an adjournment debate, as the Minister updated Parliament on the progress of investigations into the Easter Sunday bombings.
Wijepala also highlighted a related incident that occurred on 30 November, 2018, in which two police officers were killed in a shooting and stabbing attack. During the investigation into that incident, a former LTTE member, named Ajantha, was arrested after allegedly confessing to the crime.
However, Minister Wijepala said that findings of a CID probe had revealed Ajantha had been falsely implicated. A riding jacket, belonging to him, had been used to frame him, misleading CID officers into believing that the attack had been carried out by a former LTTE member.
Wijepala confirmed that an intelligence officer had been arrested in connection with the case. Further arrests are expected as investigations continue.
News
Sri Lanka back to its high poverty levels

Sri Lanka’s estimated poverty (share of the population living on less than $3.65 a day) remains stubbornly high, affecting as much as a quarter of the population in 2024, and twice as high as in 2021. The reversal in poverty reduction gains during the crisis has taken Sri Lanka back to its high poverty levels of the early 2000s, finds a new study by the Centre for Poverty Analysis(CEPA).
The report, launched on Tuesday in Colombo, says: The economy has stabilised remarkably well since weathering its worst economic crisis since Independence, but there are substantial risks of a relapse. The country now needs to continue with macroeconomic stabilisation and implement a range of growth policies, with a new focus on state capacity.
The report, titled ‘Sustaining Transformative Growth in Sri Lanka 2025–2030’, offers a bold roadmap for Sri Lanka to achieve sustainable and inclusive economic growth over the coming five years. Authored by an Independent Growth Study Group, under the auspices of ODI Global and the CEPA, the report provides critical policy recommendations for navigating the country’s complex economic landscape as it emerges from its worst economic crisis since independence.
Developed by a team of nine leading experts, with extensive experience across public, private, and international sectors, the report highlights the significant progress made in stabilising the Sri Lankan economy, including renewed growth and reduced inflation. However, it stresses that the persistent challenge of high poverty levels requires a focus on economic transformation with structural reforms and targeted sectoral policies to mitigate future risks and unlock the nation’s vast potential.
Dr Ganeshan Wignaraja, Visiting Senior Fellow at ODI Global and Convenor of the Independent Growth Study Group, said: “Sri Lanka has shown remarkable resilience in overcoming recent economic hardship, but the journey towards prosperity requires more than resilience – it demands bold action. This report provides a crucial framework, not just for consolidating the hard-won gains of stabilisation, but for igniting truly transformative growth that uplifts all Sri Lankans. The opportunity is here, and we must act decisively to create a more inclusive and resilient economy.”
The study identifies six key policy areas as crucial for achieving sustainable growth: maintaining macroeconomic stability, integrating into global supply chains, improving factor markets, implementing targeted sectoral policies, reducing poverty and building political consensus. It also highlights key sectors poised for growth, including tourism, the digital economy, niche manufacturing and agriculture, driving the economic transformation of Sri Lanka in the future.
Prof. Sirimal Abeyratne, Executive Director of CEPA and a co-author of the report, emphasised the critical role of trade in this transformation: “Sri Lanka’s historical under-performance in exports is directly linked to a persistent anti-export bias and cumbersome business regulations. Our findings underscore that strategically opening up to global trade and rigorously streamlining business procedures are not just options, but essential accelerators to boost exports, stimulate investment and unleash the full potential of Sri Lankan businesses on the international stage.”
Prof. Dirk Willem te Velde, Director of the International Economic Development Group at ODI Global, said: “In today’s volatile global economy, Sri Lanka’s experience serves as a powerful lesson for recovery from deep economic crisis, setting an example for other emerging economies facing similar challenges. Our study argues how targeted policies for trade and production, innovation and digital economy, and governance can transform the country’s economic landscape and avoid further macro-economic crises. This report is a call to action for all stakeholders – government, business, civil society and citizens alike – to work together towards a shared vision of a prosperous and transformed Sri Lanka.”
The report urges a concerted effort to leverage Sri Lanka’s strategic location and build on existing production capabilities to drive growth and reduce poverty. It emphasises the importance of strategic engagement with global and regional supply chains and the digital economy to boost exports and attract foreign investment.
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Speaker to convert his official residence into knowledge centre for all elected representatives

Speaker Dr. Jagath Wickramaratne has stated that the official residence of the Speaker would be transformed into a knowledge centre providing information to all Members, representing all layers of governance in the country, the Parliament Media Division said yesterday.
He said that this centre was intended to impart essential knowledge to Members of Local Authorities, Provincial Councils, and Parliament on subjects such as international relations, fiscal policy, and governance. The Speaker also revealed that it is proposed to develop this centre into a national and international-level research institution that supports both qualitative and quantitative research.
The Speaker said so during a recent meeting held on Monday (07) at Parliament with a delegation from the European Union, including Dr. Jonathan Murphy, Head of the Inter Pares Global project, implemented by the European Union, and Ingrid Walker, Programme Manager of Inter Pares.
The Secretary General of Parliament, Kushani Rohanadeera, and Assistant Secretary General Hansa Abeyratne also attended this meeting.
The delegation of the Inter Pares Global project of the European Union, which focuses on strengthening parliamentary capacity, met with the Speaker on 7th July 2025, the opening day of a four-day programme organised at the Parliament of Sri Lanka.
The delegation stated that the primary objectives of the programme are to provide the necessary knowledge to enhance legislative activity, oversight, financial, and administrative functions of the Sri Lankan Parliament and to facilitate experience sharing.
During the meeting, discussions were also held on various other areas of focus. Commenting on parliamentary committees, the Speaker briefed the delegation on the activities carried out by the Committee on Public Enterprises (COPE) and the Committee on Public Accounts (COPA). He further explained that, in addition to the current technical assistance, measures have been taken to obtain legal support for these committees.
The Speaker further emphasised that Parliament aimed to take accurate decisions to accelerate the country’s development process while taking strict action against corruption.
Accordingly, the delegation is scheduled to meet with heads of various departments and divisions of Parliament from 7th to 11th July, to engage in the exchange of ideas.
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