Business
USAID and Pizza Hut open first of 28 Commercial Training Kitchens for Sri Lankan youth
Unlocking new opportunities for youth in the growing fast-food sector, Sri Lanka launched its first vocational training kitchen on October 14 at the Technical College in Kuliyapitiya. USAID will develop a new curriculum aligned to global best practices and train vocational trainers and assessors for the program.
Funded by a US$ 1.3 million grant from the Yum! Brands Foundation, the vocational training kitchen initiative titled ‘An Equal Slice for Everyone’ is the first in a series implemented through a partnership between USAID’s Youth Employment and Business Start-Up activity, YouLead; Gamma Pizzakraft Lanka, the owner of the Pizza Hut franchise in Sri Lanka; and the Sevalanka Foundation.
With funding from Yum! Brands Foundation, the An Equal Slice for Everyone initiative will build vocational training kitchens at 28 Vocational Training Authority and Department of Technical Education and Training centers across Sri Lanka. The initiative will train 2,100 youth annually on equipment and processes important for a career in the fast-food industry. Two centers will also be dedicated to training youth with disabilities.
“We need to create more vocational training facilities like the one we launched today to enable our youth to find better employment in in-demand jobs,” Jagath Saputhanthrige, Director General of the Department of Technical Education and Training. “I would like to acknowledge the U.S. Government’s continued support to the people of Sri Lanka and Pizza Hut International for contributing to this initiative and working with the public sector vocational training institutions to empower the youth of this country.”
Upon successful completion of a six-month course, which includes on-the-job training, students will receive a National Vocational Qualification Level 3 certification. Taco Bell, Domino’s, McDonald’s, Burger King and Popeyes pledged to support Pizza Hut’s efforts by providing trainers and employment opportunities for graduates.
“An Equal Slice for Everyone will help create a regular inflow of work-ready youth for Sri Lanka’s rapidly growing fast food industry while supporting youth aspirations for a better future,” said Chairman and CEO of Gamma Pizzakraft Amar Raj Singh.
The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.
The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.
AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.
According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.
Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.
The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President, K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.
[PMD]
Business
IceWarp expands into Sri Lanka, fostering European innovation in collaboration with FentonsIT
IceWarp, a global leader in business communication solutions, has officially launched its cutting-edge platform in Sri Lanka, bringing European expertise in email and collaboration solutions to support the country’s evolving business landscape.
This expansion is driven by a strategic partnership with Fentons Information Technology (FIT), the Information Technology arm of Hayleys Fentons Limited.
The grand launch event held at The Kingsbury Colombo on 4th April, 2025, was graced by several distinguished guests, including Chief Guest Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC.
The presence of Adam Paclt, Global CEO of IceWarp, and Pramod Sharda, CEO for India and the Middle East of IceWarp, along with their global team, highlighted the significance of this expansion. Industry experts, government officials, corporate leaders, and CIOs from the banking, financial services and insurance sectors were in attendance as well, reflecting strong local interest in IceWarp’s European expertise.
With this launch, Sri Lankan businesses now have access to an affordable, scalable and secure alternative to Microsoft 365 and Google Workspace. IceWarp’s advanced Collaboration Suite integrates a wide range of tools into a single, unified platform designed to streamline communication and boost productivity. Offering flexible hybrid deployment options and cost-efficient solution, IceWarp enables organisations to optimise their operations without compromising security or functionality.
Eventistry Sports, a trailblazer in innovative sporting events, has unveiled the Sri Lanka Padel League (SLPL), the nation’s first franchise-based padel tournament, set to debut in June 2025. This groundbreaking league promises to redefine Sri Lanka’s sports landscape by creating a dynamic national platform for athletes while fostering unity among fans, brands, and communities.
The SLPL will showcase six franchise teams, each embodying the spirit of iconic Sri Lankan locales: the Colombo Chargers, Yala Rangers, Hikkaduwa Riders, Ella Hawks, Arugambay Vipers, and Trinco Warriors. These teams will not only ignite regional pride but also unite the country through a shared passion for padel—a fast-paced racquet sport merging tennis and squash, played on enclosed courts.
“The SLPL is more than a league; it’s a movement,” declared Karin Wijeratne, Director of Eventistry Sports. “By blending franchise sports with Sri Lanka’s vibrant culture, we’re creating a platform where players gain national recognition, fans rally behind their hometown heroes, and brands engage with communities in meaningful ways.”
The league’s launch on June 21–23, 2025, at Colombo’s Padel House courts (CR&FC) will kick off with three days of high-octane matches, preceded by a star-studded player auction on May 16th at The Vault, Colombo City Centre. Local talent—both professional and intermediate—will be drafted by franchise owners, with international registrations now open to elevate the competition’s global appeal.
Please log in to: www.slpadelleague.com and social media: @SriLankaPadelLeague (Facebook & Instagram) for more information.
INS Sahyadri sets sail from Colombo
Belgian prince loses bid for benefits on top of £300k royal allowance
Advisory for severe lightning issued for Sabaragamuwa, Central and Uva provinces and in Hambanthota district
-
Business19 hours agoColombo Coffee wins coveted management awards
-
Features2 days agoStarlink in the Global South
-
Business3 days agoDaraz Sri Lanka ushers in the New Year with 4.4 Avurudu Wasi Pro Max – Sri Lanka’s biggest online Avurudu sale
-
Business4 days agoStrengthening SDG integration into provincial planning and development process
-
Business3 days agoNew SL Sovereign Bonds win foreign investor confidence
-
Sports5 days agoTo play or not to play is Richmond’s decision
-
Features2 days agoModi’s Sri Lanka Sojourn
-
Sports4 days agoNew Zealand under 85kg rugby team set for historic tour of Sri Lanka