Business
Sri Lanka’s future is decidedly female: banking on empowered women for economic rejuvenation
By Hatton National Bank Chairperson Aruni Goonetilleke
One of the most famous women in history once said: “Within crisis, are the seeds of opportunity”. The source of such a powerful truism? Marilyn Monroe, a woman who clearly possessed great wisdom, but is unfortunately remembered for her physical beauty than her intellectual and emotional strength.
While it may be hard to focus on growth during times of turbulence, those that are able to find those seeds of opportunity ultimately receive disproportionate benefits. Today Sri Lanka is in the middle of just such a moment. There is of course unanimous consensus that our nation needs to urgently identify and utilize every available opportunity to help revive and rejuvenate our economy. But the devil is in the details.
Therefore, in weighing our options, we should consider a few essential details. First, we must acknowledge that is a compelling reason why women’s empowerment is often raised in tandem with economic development. Globally, countries are estimated to lose US$160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of US $23,620 for each person in the 141 countries studied by the World Bank.
Secondly, despite Sri Lanka’s rich history of female leadership at the top and outstanding female education rates – including near parity between men and women in higher education, Sri Lanka’s female labour force participation (FLFP) rate has been persistently entrenched at a dismal 32%; the same as it was a decade ago, and falling among the lowest in South Asia.
Most importantly, research has shown that Sri Lanka can increase our Gross Domestic Product (GDP) by as much as US$ 20 billion each year up to 2025, simply by advancing the cause of gender equality1. The question we must collectively ask ourselves this year is simple; can we afford to neglect this potential any longer?
Our hope this International Women’s Day is that in responding to Sri Lanka’s ongoing economic challenges, we also take the time to reflect on the significant contribution that women have made to the development of our nation and reach a firm consensus on the extensive measures we need to take to empower many more Sri Lankan women to reach their full potential.
Clearing a path to progress
Many of the obstacles faced by Sri Lankan women today are the product of generations of regressive attitudes and ideologies that have become entrenched to the point where today, they have created systemic failures. While these issues are certainly not unique to Sri Lanka, the solutions we create to address these issues will have to be.
One area that has the potential to have the highest impact is encouraging and supporting more women to become entrepreneurs. The Central Bank of Sri Lanka’s directive to the domestic banking sector to allocate 5% of its loan portfolio specifically for women-led enterprises was certainly a positive step in the right direction. The onus is now on our industry to carry forward this initiative with greater enthusiasm.
So far, approximately 3% of our total SME portfolio comprising 126,216 clients in total, has been channeled towards women-led enterprises. This means that in total, we have supported over 3,000 women-led SMEs to achieve their entrepreneurial dreams and gain an unprecedented level of control over their own finances. These businesses span diverse areas including everything home gardening, agriculture, food, fashion, packaging, and stationery.
In 2022, we aim to expand our SME lending by 20% Year-on-Year (YoY). In the process, we hope to further expand access to finance and opportunity for more women entrepreneurs. Capacity building will be another essential focus area, with a total of 40 structured capacity building programs already arranged over the course of the year, across the island.
HNB is also partnered with USAID for selected short-term SME development programs. Similarly, we partnered with ITC and the Sri Lankan Export Development Board to provide focused capacity building and financial literacy training to 100 women to support their aspirations to compete in international markets.
We are also partnering CIMA Sri Lanka to train and mentor women entrepreneurs, to help them unlock disproportionate growth potential in the SME space and leverage that growth to create more employment opportunities for women.
Over the year, HNB hopes to drive greater awareness and focus on these programs to ensure that funds and training are channeled to where they are most needed. However, while Sri Lankan women, on average, are better educated than their South Asian counterparts, they are less likely to use that education to secure economic advantages. Part of the problem is that our education system itself requires reform so that our next generation is better prepared with the hard and soft skills necessary to enter the workforce.
Similarly, we need to focus on expanding technical and vocational training to more women while simultaneously dispelling myths and biases against women taking up some jobs and not others.
Moving forward, Sri Lankans must join in creating a nurturing environment that is conducive for women entrepreneurs and address the specific pain-points that are most responsible for keeping women out of the workforce. These include practical investments in systems to ensure safe childcare, and transport.
Legal reforms are an important component, such as the domestic ratification of the International Labour Organisation (ILO) Convention 190, which enshrines the right of everyone to a world of work, free from violence and harassment. However legal reform will only take us so far.
True progress requires that we also address the cultural dysfunction at the root of all gender-based discrimination. Because ultimately, change must start with each of us. In our homes, our schools, and our communities. Given that the stakes for economic development have never been higher, we must make sure that we get this right, to build a better, more equitable future that serves all Sri Lankans, regardless of their gender.
Business
Remotely conducted Business Forum in Paris attracts reputed French companies
The “Sri Lanka Business Forum 2026” was organized by MEDEF International, the French Business Confederation of leading French companies, in partnership with the Embassy of Sri Lanka in France, on 30 January 2026 at the MEDEF Office in Paris. The event, which was held in hybrid format, had a solid line up of reputed French companies participating.
Delivering the keynote address, the Deputy Minister of Industry and Entrepreneurship Development of Sri Lanka Chathuranga Abeysinghe presented the Government’s policy framework and the reform agenda aimed at strengthening investor confidence, improving ease of doing business, and accelerating export-led growth. The Deputy Minister elaborated on upcoming legislative reforms, including amendments to the Minerals Act, the Colombo Port City legislative framework, implementation of the Investment Single Window, and the Government’s broader digitization drive which would contribute towards enhancing transparency and business confidence.
Highlighting Sri Lanka’s comparative advantage in the South and Southeast Asian region, the Deputy Minister emphasized France’s role as a strategic investment partner, while inviting French companies to engage with Sri Lanka. The Deputy Minister’s address was followed by a vibrant Q&A where he responded to several questions posed.
The Forum was moderated by Chairman of the France–Sri Lanka Business Council at MEDEF International and Advisor to the Chairman of the Michelin Group, Eric Le Corre.
Delivering welcome remarks, the Ambassador of Sri Lanka to France and Permanent Delegate to UNESCO Manisha Gunasekera applauded the convening of the Forum a first step in broadening and deepening the investment partnership. She appreciated the role of MEDEF in connecting reputed French companies with potential investors and partners in Sri Lanka.
The Executive Director of the Board of Investment (BOI) of Sri Lanka Priyanka Samaraweera, in her presentation detailed, inter alia, investor facilitation measures, fiscal incentives including tax holidays, tariff benefits under preferential trade agreements, and upcoming industrial zones. The BOI also invited potential French investors to participate in the upcoming Investors’ Forum scheduled to be held in Colombo on 30 March 2026.
The presentation of the CEO of Orange Marine, Didier Dillard on the company’s successful collaboration with Colombo Dockyard PLC in building their cable vessel “Sophie Germain” in 2023; and two additional vessels scheduled for delivery in 2028 and 2029, helped position Sri Lanka as an attractive and competitive investment destination.
The Embassy highlighted “Sri Lanka Expo 2026” which will be held in Colombo from 18-21 June 2026, as a key global platform for buyers and investors; and encouraged French companies to participate.
Reputed French companies, SNCF, Bureau Veritas, Carrefour, Deviseo Fret, Emovis SAS, Union de Banques Arabes et Françaises (UBAF), Michelin, and Top Tech College, participated in the Forum, thus demonstrating the interest among French cooperates in doing business with Sri Lanka. The participating companies reaffirmed that the engagement marked a first step in expanding dialogue and collaboration between France and Sri Lanka.
Senior officials of the Ministry of Industry and Entrepreneurship Development, and the Export Development Board of Sri Lanka (EDB) also participated in the forum. The Forum was organised by the Commercial Section of the Embassy led by First Secretary (Commerce) Prasadi Boomawalage, in consultation with relevant stakeholders. The success of the Forum reflects the strong commitment of the parties concerned to organise a broader, outcome-oriented engagement with the French private sector in the future.
Business
LANKATILES Celebrates the Grand Opening of Its 58th Showroom in Historic Galle
Sri Lanka’s leading tile manufacturer, LANKATILES, proudly announces the grand opening of its 58th showroom and second in the Galle located at No. 145, Matara Road, Pettigala Watta, Galle. This latest addition marks a significant milestone in LANKATILES’ continued journey of design excellence, innovation, and trusted service built over more than five decades.
Inspired by the heritage charm and timeless architecture of Galle, a UNESCO-valued destination renowned for its cultural tapestry and historic streets, the new showroom blends local architectural heritage with contemporary living needs, truly Creating Spaces That You’d Love to Live In.
“Galle’s unique character shaped by centuries of history, art and human ingenuity resonates deeply with LANKATILES’ ethos of design integrity and aesthetic depth,” said Priyantha Talwatte, Managing Director of LANKATILES. “We’re delighted to bring our design leadership and trusted product portfolio closer to the Southern market, supporting both residential aspirations and the burgeoning tourism-led growth across the region.”
Built on more than five decades of trust and excellence, LANKATILES continues to set the benchmark in tile design superiority while delivering solutions that uplift spaces with beauty and performance. The new showroom features standout products including the Majestica large-format tile collections and Mosaics, ideal for modern living spaces, luxury tourism projects, boutique hotels, and heritage restorations that demand both quality and visual impact.
As Sri Lanka’s tourism sector continues to grow, strategic destinations such as Galle play a vital role in LANKATILES’ long-term expansion strategy. The company aims to strengthen its presence in the Southern market through enhanced accessibility, tailored solutions, and meaningful collaboration with industry stakeholders.
“We recognize the indispensable role of architects, designers, contractors, and tilers in shaping inspiring spaces,” added Talwatte. “We look forward to deepening partnerships across the region celebrating creativity that transforms environments and enriches everyday living.”
The new showroom is operated by Franchise Owner Yasith Ranu Karunasekara, a Southern Province-based entrepreneur with a keen appreciation for design-driven business and customer-centric service. His local expertise and commitment to quality align strongly with the LANKATILES brand promise.
“This showroom is more than a retail space, it’s a destination where imagination meets craftsmanship,” said Karunasekara. “We’re excited to support local homeowners, hospitality developers, and professionals in redefining spaces across the Southern region.”
The LANKATILES Galle showroom officially opened on January 28, 2026, welcoming customers and industry professionals to experience the brand’s curated collections, design expertise, and innovative tile solutions.
Business
Four runs, a thousand dreams: How a small-town school bowled its way into the record books
By the time the last wicket fell at Gangakanda Vidyalaya in Pelmadulla, silence briefly hung over the ground. The scoreboard told an almost unbelievable story: the Under-13 team of Kalawana National School had dismissed their opponents, Mihindu Vidyalaya, Ratnapura, for just four runs. In six overs and five balls, a group of boys from a remote corner of Sabaragamuwa had etched their names into Sri Lanka’s schools cricket record books.
The achievement soon found its way onto the official Sri Lanka Cricket Facebook page. But behind that viral moment lies a quieter, more powerful story of children who train without a proper ground, a coach who works without pay, and parents who refuse to let poverty dictate their children’s dreams.
For the boys of Kalawana National School, cricket is not played on manicured turf. There is no proper pitch. Practice nets are borrowed and returned. The few bats and pads available are worn and broken. During the rainy season, there is often nowhere to practise at all.
Yet, every evening, they turn up.
“Our children play under conditions where even the most basic facilities are lacking,” said N. V. Pushpakumara, a parent. “There is no proper playground, no pitch. Still, they keep winning. We hope the authorities will see what these children are capable of and give them the support they deserve.”
- Cricket players of Kalawana National School undergoing training amid challenges
At the centre of this effort is their coach, Chanuka Pradeep Madhushan, who joined the school in late 2021. He trains the children voluntarily, without a salary, accepting only small contributions from parents who themselves struggle to make ends meet.
“I didn’t come here expecting facilities,” he said. “I came because I saw potential. One of our boys played for the district squad in 2025. This year, our Under-13 team is doing very well. We even have a left-arm bowler who has taken 21 wickets in four matches. When you see their commitment, you want to give your best, even without pay.”
The school’s principal, Ashoka Nandasiri, speaks of cricket at Kalawana National School as a journey marked by quiet persistence. The school began leather-ball cricket in 2011. In 2016, their Under-16 team broke into the top 16 at national level. In 2025, a student was selected to the Sabaragamuwa Under-15 provincial team. And in January this year came the moment that stunned school cricket circles across the country.
- N.V. Pushpakumara, Parent
- Chanuka Pradeep Madhushanka, Cricket Coach
- Ashoka Nandasiri, Principal of Kalawana National School
“These achievements did not come easily,” the principal said. “They came through the dedication of our coach and the sacrifices made by parents. Despite many difficulties, they have kept this programme alive.”
For the boys themselves, the record is not just about four runs. It is about being seen.
“We practise with many difficulties,” said team captain P. A. Pamod Lakshan. “We don’t have proper equipment or a proper ground. When it rains, we have nowhere to go. Once, a kind uncle from Kalawana helped build us a small indoor place to practise. We are very grateful. We want to go a long way in cricket.”
In a country where cricketing dreams often begin in elite school grounds with lush pitches and modern facilities, the story of Kalawana National School stands as a reminder of how talent can grow in the most unlikely soil. These children do not ask for luxury—only for a fair chance.
Their record-breaking performance is now part of Sri Lanka’s cricketing statistics. But the deeper question remains: will their struggle also be noticed? Parents hope that this extraordinary moment will prompt sports authorities and policymakers to look beyond the usual centres of privilege and invest in rural schools where potential waits quietly, often unseen.
For the boys from Kalawana, the scoreboard has already given its verdict. Now they wait for the country to do the same.
By Upendra Priyankara Jathungama
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