Business
WCIC national awards will help SL women entrepreneurs to enter global markets: chairperson
This time poised to select the ‘Best of the Region’ from each province
by Sanath Nanayakkare
Prathibhabisheka National Awards to be bestowed on outstanding women entrepreneurs of Sri Lanka and the SAARC region will be recognised globally, Anoji De Silva, the chairperson of Women’s Chamber of Industry and Commerce, Sri Lanka (WCIC) told The Island Financial Review.
She made this comment as WCIC is gearing to showcase the excellence of outstanding women entrepreneurs through WCIC Prathibhabisheka – The Women Entrepreneur Awards 2022, powered by DFCC ALOKA.
“The award is a national award and hence will be recognized globally. This will definitely help the women to market their products to global buyers. The Chamber at present also has an MOU with WEConnect where we recommend women who are able to sell in the global market to register. We also hope to recommend our winners and other high potential women who apply for the awards to register giving them the opportunity to access global markets directly,” she explained.
“As a country we have gone through so many changes over the last 4 years and therefore, we felt we need to re-look at our concept and ensure that the winners of our award are those that have the potential to be global entrepreneurs,” she noted.
“Women Entrepreneurs have the ability to help our economy grow in a sustainable manner. They build companies that are built on a set of values and they create diverse and inclusive working environments. However, as a country we do little to help these women to grow and scale. To us, this is not just an award ceremony. Through the Judging process and after we include all these women into our network and then work with them to be more successful. Some of our past winners include, Abans Pastonjee, Lakmini Wijesundra, Yoland Aluwihare, Sandra Wanduragala, Indrani Fernando, Nayana Karunaratne and Ramya Weerakoon,” Chairperson of WCIC said.
“WCIC Prathibhabisheka – Women Entrepreneur Award 2022- powered by DFCC ALOKA is to be held in January 2023. Acceptance of applications for the competition is underway under the categories – startup, micro, small, medium and large. Each category will have a specified revenue for the year under review – 2021/22.
“Gold, Silver and Bronze Awards will be presented for each category. With a view to identifying and promoting regional women entrepreneurs, WCIC encourages applications from all the provinces in the country in order to select the ‘Best of the Region’ from each province.”
“The participants will also be considered for the coveted special awards – Young Woman Entrepreneur, Outstanding Startup, Most Positively Abled Woman Entrepreneur, Most Outstanding Export Oriented Entrepreneur and Best of the SAARC Region. The ceremony will culminate with the selection of the ‘Women Entrepreneur of the Year-2022’.
“The Women’s Chamber of Industry and Commerce, Sri Lanka (WCIC) was established in 1985 by a group of visionary women with the main objective of facilitating the inclusion of women in mainstream business activity. WCIC is the first women-only trade chamber in Sri Lanka and is also considered the first in the world. The vision of the WCIC is to be “A voice and platform for the empowerment of women as powerful nation builders by participating in and transforming the economic growth of the nation”.
When asked if the entry requirement of financial records of small businesses headed by women could deter their ability to apply, the chairperson said, “We have a startup category which is under 5 years where they can submit unaudited documents for consideration. These women can apply under this category. We believe they should keep proper records beyond this as otherwise they will not be able to scale and grow.”
The entry kit can be downloaded from www.wcicsl.lk and completed and submitted to the WCIC along with all the material required to substantiate the applicant’s story.
Business
ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push
Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.
“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”
Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.
During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.
With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.
Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.
Business
New Board appointed to lead Unit Trust Association of Sri Lanka
The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.
The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).
President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”
The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.
Business
Indiya at Cinnamon Life enters a flavourful new chapter
Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.
Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.
The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.
At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.
Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.
At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.
The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.
From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.
Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.
No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.
By Ifham Nizam
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