Business
‘ World for Lanka’- a web platform to shore up Sri Lanka’s USD reserves launched
‘ World for Lanka’- a web platform designed to appeal directly to global netizens to support Sri Lankan people was launched today. It’s a credible, transparent, and verifiable platform which anyone can use worldwide to help Sri Lanka in this period of economic crisis.
Santosh Menon, Director of World for Lanka (WFL) said “We came up with this idea in March 2022. To appeal directly to fellow humans around the world – to help families and children in need in Sri Lanka emerge out of the ongoing crisis in Sri Lanka. Sri Lanka needs a significant amount of USD to emerge out of this crisis and we felt that besides seeking help from the common sources- other countries, financial institutions, Diaspora, and investment- we should seek help from the 4.6 billion global netizens, who are online and are contributing to justifiable causes “
Kishore Reddy, Director added “It was important to structure this in a way that’s credible, transparent, and verifiable. At the end of the day global netizens will seek to contribute to a platform that they know can be trusted to deliver. So, we sought the help of EY to come in and structure monitor and supervise the entire mechanism. EY has helped us put together this mechanism”.
Chanithi Gunasekera, Director, WFL added “We intend to use social media to reach global netizens and are seeking the support of MNCs with the requisite reach and expertise to reach them. We have created a strong communications package to go out vide social media and digital media to potential donors worldwide, but ultimately, we need the support of MNCs to take the message to the netizens
Brian Goudian, Principal at EY said “The project was structured in such a way that all USD received will be deposited in a dedicated bank account opened with a licensed commercial bank in Sri Lanka, and HNB has come forward to partner on this initiative.
The incoming USD will help boost the country’s reserves, whilst the SLR equivalent will be channelled to selected implementing partners to fund emergency aid programmes that specifically targets children’s needs covering the verticals on food, medicine, education, and energy/ transport.
An independent technical advisory committee was established to evaluate proposals, improve governance, and advise the Board of Directors of WFL. As the project is launched, two well-known implementing partners operating in Sri Lanka, i.e., Sarvodaya and Foundation of Goodness have been appointed to partner with WFL an implement selected projects “
The technical committee that evaluated proposals included Dr. Sanath Mahawithanage and Chandi Dharamaratne. They said “We followed a rigorous process of looking through each proposal with a tooth comb, asked searching questions and eventually tailored projects which if implemented could benefit needy families across the island. Right now, children of the island need as much support as they can get to emerge out of this crisis successfully and funds from global netizens will go a long way to help the country”.
Business
SriLankan Airlines Enhances Australia Connectivity with 14 Weekly Flights
11 March 2026; Colombo – SriLankan Airlines is set to increase its weekly service between Colombo and Melbourne to 10 flights, effective from 2 August 2026, with the addition of three more scheduled flights in response to growing demand and evolving market dynamics. The expansion reinforces the airline’s commitment to strengthening its footprint in Australia, recently identified as one of the fastest-growing inbound tourism markets to Sri Lanka, driven by leisure travel and a rising volume of visits by family and friends.
The newly added flights will operate every Tuesday, Thursday and Sunday, departing Colombo as UL608 at 14:10 hrs and arriving in Melbourne at 04:30 hrs the following day. The return service, UL609, will depart Melbourne every Wednesday, Friday and Monday at 06:00 hrs, arriving in Colombo at 12:15 hrs the same day, offering convenient onward connections across the airline’s network. The schedule is designed to maximise time spent in Sri Lanka for leisure travellers while enhancing connectivity for passengers travelling onwards to India via Colombo.
In addition to the new frequencies, the airline will continue operating its daily service, UL604, departing Colombo at 00:20 hrs and arriving in Melbourne at 14:40 hrs, with the return service UL605 departing Melbourne at 16:10 hrs and arriving in Colombo at 22:25 hrs. These services provide seamless connectivity to key destinations across India and beyond.
This addition of flights will provide Sri Lankans with better options when choosing flights between the two countries and enable them to plan their travel more conveniently. The increased frequency will be especially beneficial for the Sri Lankan diaspora living in Australia, providing greater flexibility to visit family and friends while maintaining strong connections with their homeland.
Additionally, Sri Lankan students studying in Australia will find these enhanced services advantageous, as the expanded schedule accommodates academic calendars and holiday breaks, making it easier to travel home and return to their studies. Overall, improved connectivity supports both the expatriate community and students by offering more convenient and accessible travel options tailored to their needs.
The increased frequencies will further strengthen Colombo’s role as a regional hub, enabling Indian travellers to seamlessly connect via Sri Lanka to Melbourne, with convenient schedules and efficient onward connections. For more information and bookings, visit www.srilankan.com or follow us on our social media.
Business
Nestlé Lanka marks 120 years of nourishing Sri Lankan families and livelihoods
Nestlé Lanka Limited this year marks 120 years of operations in Sri Lanka, highlighting a century-long presence that has extended beyond food manufacturing to supporting farmers, communities, youth employment and environmental sustainability.
Established in 1906, the company has grown into one of Sri Lanka’s leading food and beverage manufacturers, today producing more than 90% of the products it sells locally. Over the decades, Nestlé Lanka has built a strong domestic footprint through local sourcing, long-term farmer partnerships and continued investment in manufacturing.
Through widely recognised brands such as Nestomalt, Milo and Maggi, the company has become a familiar presence in Sri Lankan households, offering products designed to meet local nutritional needs. Many of its products are fortified with micronutrients aimed at improving dietary intake, while brands such as Milo and Nestomalt have also supported youth sports and active lifestyles in the country.

Nestlé Lanka’s engagement with local agriculture has also played a role in strengthening rural livelihoods. The company works closely with dairy and coconut farmers, providing technical assistance, skills development and reliable market access as part of its responsible sourcing efforts.
The company has also expanded programmes aimed at improving youth employability. Through the “Nestlé Needs YOUth” initiative, young Sri Lankans are provided with access to training, learning and career opportunities. Partnerships with organisations such as BConnected have also helped promote inclusive employment opportunities for people with disabilities.
Sustainability has become an increasingly central focus of the company’s operations. Nestlé Lanka’s manufacturing facility in Kurunegala operates on 100% renewable electricity, while a biomass boiler commissioned in 2024 has helped reduce carbon emissions from manufacturing. The company aims to achieve net-zero carbon emissions by 2050.
Efforts to reduce environmental impact have also extended to packaging. Nestlé Lanka pioneered the shift from plastic to paper straws in aseptic beverage cartons in 2019 and supported the establishment of Sri Lanka’s first recycling plant for such cartons. The company aims to become fully plastic neutral by 2026.
Chairman and Managing Director Bernie Stefan said the milestone reflects the long-standing trust Sri Lankan consumers have placed in the company and the partnerships it has built across the country over generations.
By Sanath Nanayakkare
Business
Over a century of Business History goes to the National Archives
The Ceylon Chamber of Commerce has formally handed over its historical records to the National Archives Department of Sri Lanka, placing over a century of the nation’s commercial history into the care of the country’s official custodians of heritage.
The historical archive being handed over spans from the Chamber’s founding in 1839 to 1973, and includes correspondence, meeting minutes, reports, ledgers, and publications that chronicle the development of trade, enterprise, and industry in Sri Lanka. Together, these records provide a rare and detailed account of how the island’s economy evolved and how its business community helped shape national progress.
The Ceylon Chamber of Commerce was established on 25 March 1839 on the principle that the interests of commerce and trade are best advanced when merchants unite and cooperate in matters affecting the common good. At the time, Ceylon was among the earliest regions in Asia to establish a chamber of commerce, alongside counterparts in Bengal, Bombay, Madras, Canton, Penang, and Singapore.
From its earliest years, the Chamber played a central role in organising and guiding trade. It played a central role in establishing and growing the export economy built on commodities such as coffee, cinnamon, coconut oil, tea, and rubber, and hosted the island’s renowned tea and rubber auctions. It also developed rules and standards for trading practices, helping create an environment of trust and reliability that enabled Sri Lanka’s commerce to thrive.
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