Business
Sri Lanka to receive ‘a lot of positive news’ after President’s visit to India: Deputy Foreign Minister
By Sanath Nanayakkare
Foreign Affairs and Foreign Employment Deputy Minister Arun Hemachandra recently told Ada Derana TV that Sri Lanka would receive a lot of positive news after President Anura Kumara Disanayake’s visit to India.He made this comment during a talk show with TV anchor Mahieash Johnney in a zoom call.
Mahieash asked the deputy foreign minister several questions related to the President’s visit to India from December 15 to 17, which is set to take place following an invitation from the Indian government.
The following are some comments made by the deputy foreign minister during the programme.
“As a country, we do believe in maintaining good bilateral relations. Sri Lanka is an island nation. Our country is situated in an important geographical location on the world map. So, as a country, we do need a very strong foreign relations and we should have a very strong diplomatic service as well. Based on that, what we believe is that the NPP government should have a very strong foreign policy and we are committed to having one. In the past, as a country, we did not have a similar thing because most of the rulers were making use of the foreign diplomatic service as well as the foreign policy which was supposed to be nation-oriented or country-oriented, but were not practiced in that way.”
“As the NPP-led government, we are committed to a very strong foreign policy. We have to understand one thing. India being a very close neighbour, India being a very strong neighbour and India being a country that helped Sri Lanka during the crisis time without any conditions, we have to maintain a very close relationship with India. And, we have to understand that our country should have a very strong, non-aligned foreign policy, so as a country, we need to understand that it is an art of balancing. We have to consider India’s national security which is their utmost concern. We should focus on that also because being a very strong country, they focus on that. But also, we have to have a very strong country oriented and people-oriented foreign policy, so the NPP government is committed to having such a policy, so there is nothing to worry about that.”
When asked about Sri Lanka’s wish to join BRICS as a means of economic development and about US president-elect Donald Trump’s threat to impose 100% tax on BRICS’s exports into his country if they created a new currency to replace the US dollar, Hemachandra said said,” Our application to join BRICS has not been rejected. It is still under consideration. As a country, we have joined the new development bank – which is the banking body of BRICS, so the process is still on the move.
And about the statement made by the U.S. president-elect Donald Trump, we don’t know how practical it is for them to impose such tariff. But then again, we have to understand that BRICS was something inevitable because it was something which couldn’t be rejected , so there was a need for BRICS and that was one reason BRICS kept on growing. So, we have not opted out, we have not changed our decision on BRICS. The particular application is still on the move, and we are looking forward to positive updates from them.”
When asked whether new trade agreements, concessions etc. could emerge from the meetings President Anura Kumara Disanayake will be having during his Indian tour, the deputy minister replied,”
“The President’s first official overseas visit will be to India. We believe that we also should continue that tradition as India being a very close and strong neighbour. We believe that we should start from that point. We should understand that there are many pending agreements to be signed. There are still many agreements which are being discussed. I cannot comment on everything here, but then, we are discussing with India regarding many things that were discussed in the past.
So, it is a new administration. It is a new government. So, we should take decisions based on the people’s and the country’s benefit. So, there are many things that are being reviewed. And many things are being discussed. So, the country will have a lot of positive news after the President’s visit to India. We believe that we should maintain very strong diplomatic relations with India, and they are also committed to help us. This morning also I met the Deputy High Commissioner of India who made a courtesy call at my office. We discussed many things. But we have to mention that the decisions will be purely based on the country’s benefit and the people’s mandate,” the deputy foreign minister said.
During his visit, President Dissanayake is expected to meet Indian President Droupadi Murmu, Prime Minister Narendra Modi, and other senior officials. Discussions are expected to focus on strengthening ties and exploring cooperation across multiple sectors.
Business
Climate compliance pressure mounts on Lankan businesses
Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.
Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.
The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.
The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.
Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.
Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.
Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.
Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.
Business
SPAR Sri Lanka Opens New Outlet in Kurunegala
SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.
The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.
The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.
Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.
“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.
The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.
The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.
SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.
Pic and Text by SK Samaranayake
Business
Royal end title drought with dramatic shootout triumph
Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.
The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.
With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.
A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.
Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.
Royal finished runners-up when the tournament was held in Matale last year.
The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.
Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.
In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.
Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.
In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.
Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.
A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.
For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.
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