Business
Sri Lankan industry represented at Asian Palm Oil Alliance launch for promoting sustainability
At the initiative of the global sustainable agriculture specialist Solidaridad Network, the apex edible oil industry associations from five major palm oil importing countries from Asia – India, Pakistan, Sri Lanka, Bangladesh and Nepal – have come together for the first time to form an Asian Palm Oil Alliance (APOA). The Alliance commits to work across the world to ensure that palm oil is recognised as a high-quality, economical, and healthy vegetable oil and to change the negative image of palm oil.
Speaking on occasion, Shri Atul Chaturvedi, President of the Solvent Extractors’ Association of India (SEAI) said, “The need for Asian palm oil consuming countries was felt for a long time. The formation of APOA empowers several Asian countries for whom palm oil is a source of affordable food and nutrition. The APOA is expected to safeguard the economic and business interests of the palm- oil consuming countries and create a level playing field for all fats and oils used in food, feed and oleochemicals in Asia. It will further work towards increasing the consumption of sustainable palm oil in member countries”.
Dr Shatadru Chattopadhayay, Managing Director of Solidaridad for Asia, said: “We are happy to be the neutral convenor of all significant Asian solvent extractors associations. In the coming years, we believe APOA will emerge as one of the most vital forums to address common problems, interests and aspirations of the global palm oil industry. In the decades to come, the rising wealth of Asia will further boost the regional demand for palm oil. We expect APOA would be soon joined by the palm oil producing countries from Indonesia, Malaysia and Thailand”.
Dr. Rohan Fernando, President, Palm Oil Industry Association of Sri Lanka said “The role of APOA is crucial in the facilitation of collective and coordinated efforts of both Asian palm oil- producer countries and Palm oil consuming countries for sustainable palm oil. It will strengthen Asia’s role in palm oil sustainability efforts. We are also pleased to have the opportunity to support this initiative and are grateful to both the Solvent Extractors Association India and Solidaridad for inviting the Palm Oil Industry Association of Sri Lanka to be a founder member of the APOA and look forward to achieve many milestones together; for the greater good of sustainable palm oil contributing towards economic sustainability and prosperity in Sri Lanka and the region.”
Oil palm is considered to be one of the most competitive vegetable oil crops in terms of productivity, yet this ‘wonder crop’ is often mired in brutal controversies that can hurt the communities associated with its production and commerce. The ban on palm oil production by the Sri Lankan government has resulted in exchange losses and opportunity cost amounting to millions of dollars to the economy. Sri Lanka annually imports 180,000 to 220,000 MT of vegetable oil. This can be met with 50,000 ha of oil palm compared to 271,000 ha of coconut. Oil palm yields 4 to 5 times oil per ha than coconut. Oil palm plantations have served Sri Lanka for over 54 years, starting around 1968 and generates the highest profits per ha compared to other commercial crops – which establishes oil palm as the most profitable crop for smallholders. In terms of wages for plantation workers the daily wages per month for workers: Oil palm worker at LKR30,000 – LKR50,000 which is significantly higher than that of tea estate workers and rubber tappers – making it a viable solution for poverty alleviation as well.
Business
USA–Sri Lanka Chamber of Commerce plans New York campaign to promote Tourism and Business
Timing aligns with national policy discussions
By Sanath Nanayakkare
The USA–Sri Lanka Chamber of Commerce is exploring an innovative promotional initiative to showcase Sri Lanka’s tourism, cultural heritage, and commercial opportunities in the heart of New York City during the upcoming Christmas and holiday season.
The proposed campaign aims to bring Sri Lanka’s unique identity to one of the world’s most internationally recognized cities through a mobile digital billboard featuring high-quality photographs and videos highlighting the island’s natural beauty, rich heritage, and diverse commercial offerings. Designed to capitalize on New York City’s significant holiday-season foot traffic, the initiative will reach American consumers, international tourists, and potential business partners.
The digital showcase will feature pristine beaches, scenic mountains, waterfalls, tea plantations, wildlife, ancient cities, Buddhist heritage, traditional arts, authentic cuisine, and modern attractions, positioning the country as a premier international travel destination. An interactive QR code linking to comprehensive tourism information will also be incorporated, allowing viewers to directly explore travel opportunities.
Beyond destination promotion, the initiative provides Sri Lankan businesses with a vital platform to introduce their products and services to the American market. Enterprises representing Ceylon tea, spices, food products, gems and jewellery, apparel, handicrafts, wellness, hospitality, and tourism will have the opportunity to showcase their brands alongside the broader national campaign.
The Chamber notes that this effort will be particularly beneficial for small and medium-sized enterprises (SMEs) seeking greater international exposure, brand recognition, and commercial partnerships in the United States. By integrating tourism promotion with commercial visibility, the project aims to strengthen Sri Lanka’s international image while supporting trade, investment, and business development.
Operating under the central message of “Discover Sri Lanka. Experience Sri Lanka. Visit Sri Lanka,” the campaign presents the island as a destination defined by natural beauty, cultural richness, distinctive products, and entrepreneurial potential. More information on the initiative is accessible at www.usaslcc.org.
Tourism sector stakeholders have welcomed the move, noting that private-sector-led initiatives of this nature bypass cumbersome bureaucratic procurement procedures and complex tender processes typically associated with state-run promotional campaigns abroad.
The timing aligns with recent national policy discussions regarding tourism promotion. Participating in a Fireside Chat at the inauguration of the Sri Lanka Economic and Investment Summit 2026, organized by the Ceylon Chamber of Commerce, President Anura Kumara Dissanayake emphasized that a proper procurement mechanism needs to be established before acquiring tourism promotional concepts, recommending a performance-based system where agencies are compensated according to verified growth in tourist arrivals.
Business
Seylan Bank partners Colombo Motor Show 2026 as official banking and leasing partner
For 10th consecutive year
Seylan Bank PLC, the Bank with a Heart, has reaffirmed its commitment to supporting Sri Lanka’s automotive industry by partnering with the 20th edition of the Colombo Motor Show 2026 as the Official Banking & Leasing Partner for the 10th consecutive year. This makes Seylan Bank the longest-standing partner of the Colombo Motor Show, further reflecting its longstanding association with one of Sri Lanka’s most prominent automotive exhibitions. The four-day exhibition is scheduled to take place from 20th to 23rd November 2026 at the Bandaranaike Memorial International Conference Hall (BMICH), marking the first time the Colombo Motor Show will be held as a four-day event.
As one of Sri Lanka’s leading international motor and motor accessories exhibitions, the Colombo Motor Show will bring together vehicle enthusiasts, prospective buyers, industry professionals and automotive service providers. The 2026 edition is expected to feature over 200 trade stalls covering motor vehicles, accessories, spare parts, lubricants, tyres, batteries, leasing facilities and other motor-related services.
Through its continued partnership, Seylan Bank will showcase a comprehensive range of financial solutions designed to support customers in meeting their personal and business needs, with a particular focus on Seylan Leasing facilities. Visitors to the exhibition will have the opportunity to receive on-the-spot leasing evaluations and expert guidance from Seylan Leasing Specialists, helping them explore vehicle financing options conveniently during the event.
Business
WCIC sharpens focus on scaling women-owned businesses
The Women’s Chamber of Industry and Commerce (WCIC) is sharpening its focus on helping women entrepreneurs move beyond business creation towards sustainable growth, as it expands its membership, partnerships and advocacy footprint.
WCIC Chairperson Gayani de Alwis, concluding her second tenure, highlighted the Chamber’s efforts had increasingly centered on creating pathways for women to translate entrepreneurial ambition into viable enterprises and, importantly, build those businesses for the longer term.
“Ultimately, our impact is not measured by the number of programmes we conducted, but by the women whose businesses grew, whose voices became stronger, whose horizons expanded and whose contribution to the economy became greater,” she said addressing the WCIC 41st Annual General Meeting (AGM) held on 22 September for which the Chief Guest was Canadian High Commissioner to Sri Lanka and the Maldives Isabelle Martin.
The focus has included a special initiative for female university students with an entrepreneurial mindset, regional chapter initiatives in the Northern Province, capacity-building programmes and the inaugural ‘Beyond Ramp Up’ workshop.
The Chairperson said these initiatives were designed to move women “from aspiration to enterprise, and from enterprise to sustainable growth”, signaling a broader focus on strengthening the progression of women entrepreneurs beyond the initial stages of business formation.
WCIC recorded a 20 percent increase in membership during the period with membership crossing 460 and expanded its ecosystem through a series of strategic partnerships.
Internally, WCIC moved to strengthen its governance framework, revising its Articles of Association to ensure regulatory compliance and introducing a Code of Conduct and Board self-assessment. Clearer organisational roles, job descriptions and performance targets were also introduced as part of efforts to strengthen accountability and professionalise its operations.
Reflecting on her tenure, the Chairperson said the period had been about building a stronger, more connected and professionally governed organisation, while converting its wider ambitions into tangible opportunities for women in business.
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