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Sri Lanka’s main opposition Samagi Jana Balawegaya (SJB) staged a protest in Colombo Fort yesterday against the proposed 22nd Amendment to the Constitution, led by Opposition Leader Sajith Premadasa.

SJB parliamentarians, party members and supporters joined the demonstration, voicing their opposition to the proposed constitutional amendment.

Addressing the protest, Premadasa said the SJB would use every democratic means available to defeat the 22nd Amendment.

The Opposition Leader said his party would continue its campaign against the proposed amendment both inside and outside Parliament, while pursuing its opposition through democratic means.

The semi-finals of the Tier B T20 tournament have been postponed pending an investigation into one of the semi-finalists having violated the tournament rules.

The Tournament Committee has come to find out that one of the clubs has played an unregistered player in the tournament and an inquiry is to be held shortly.

Leo CC, United Southern SC, Army SC and Negombo CC have qualified to play in the semi-finals.

Meanwhile, the Tier B 50-over semi-finals will take place on 7 and 8 September.

Moratuwa SC will play Galle CC in the first semi-final on 7 September at Bloomfield grounds, and Army SC and Kurunegala SC will meet in the second semi-final on 8 September at the Colts grounds.

Moratuwa SC finished on top of Group A with Kurunegala SC as runner-up, while Group B was headed by Army SC with Galle CC as runner-up.

The final is tentatively fixed for 11 February but the venue has yet to be finalised. (ST)

A send-off ceremony for Sri Lankan athletes who will participate in the 20th Asian Games Aichi-Nagoya 2026 was held at the Embassy of Japan on 3 September, being hosted by Ambassador of Japan to Sri Lanka Akio Isomata with the presence of Youth Affairs and Sports Minister Sunil Kumara Gamage and National Olympic Committee of Sri Lanka President Asanga Chandana Seneviratne.

The 20th Asian Games will take place in Japan from 19 September to 4 October and will be Asia’s largest sporting event this year. Main theatre of the games is Nagoya and other cities in Aichi Prefecture, known for rich history and culture as well as industrial innovation, whereas some games will take place in other prefectures such as Tokyo, Shizuoka, Gifu, and Osaka. Active participation of athletes from around Asia will provide an opportunity to further deepen mutual understanding and exchanges across Asia through the power of sports, embodying the theme of the 20th Asian Games ‘Imagine One Asia.’

The Embassy of Japan wishes Team Sri Lanka very best of luck and hopes that Team Sri Lanka’s participation will further strengthen the existing ties between Japan and Sri Lanka based on a long-standing friendship.

When the term El Niño appears in the news, it is generally associated with weather, rainfall and temperature. But for Sri Lanka, an exceptionally strong El Niño can have consequences far beyond meteorology. Its effects can extend through agriculture and food prices to business costs, trade, electricity, water resources, inflation, Government revenue, public expenditure and household purchasing power.

For this reason, El Niño should increasingly be viewed not merely as a climate phenomenon, but as an economic, fiscal and business risk. For Government policymakers, business organisations, traders, taxpayers and households, the key question is not simply how the weather may change, but how climate-related disruptions could affect production, costs, cash flow, trade, taxation and economic stability.

The issue is particularly important in 2026. According to NOAA’s latest assessment issued on 13 August 2026, there is more than a 90% probability of a very strong El Niño during the Northern Hemisphere autumn and winter of 2026-27. NOAA estimates a 69% probability that the October-December 2026 event could reach historic strength, exceeding the strength of previous El Niño events recorded since 1950. Sri Lanka’s Department of Meteorology has also warned of a potentially exceptional event. These warnings deserve attention not only from meteorologists, but also from policymakers, businesses, traders, farmers, banks, insurers, accountants, taxpayers and households.

El Niño is the warm phase of the El Niño-Southern Oscillation (ENSO), a natural climate phenomenon associated with unusually warm sea-surface temperatures in the central and eastern tropical Pacific Ocean. This warming changes atmospheric circulation and can influence rainfall and temperatures in distant parts of the world. However, El Niño does not produce the same effect everywhere. For Sri Lanka, the relationship is particularly complex. Different seasons and regions can experience different outcomes. Therefore, the common statement that ‘El Niño means drought in Sri Lanka’ is too simplistic. The more appropriate concern is greater climate variability and the possibility of extreme weather conditions.

Will 2026 be a strong El Niño year?

Based on the latest forecasts, the probability is increasingly high. NOAA’s latest assessment points to a more than 90% probability of a very strong El Niño during late 2026 and early 2027, with a substantial probability of historic strength during the final quarter of 2026. The Sri Lankan Department of Meteorology has issued a similar warning. The significance of these forecasts is not that Sri Lanka will necessarily experience a particular type of weather, but that the underlying global climate system is entering an unusually strong phase. Therefore, the appropriate response is: Prepare for volatility, rather than predict a single outcome.

‘Super El Niño’ is widely used in media discussions, but it is not a separate formal scientific classification. It is more appropriate to refer to a very strong or historically strong El Niño. More importantly, a very strong El Niño in the Pacific does not mean that Sri Lanka will automatically experience a proportionately severe drought. Sri Lanka’s weather depends on the interaction between the Pacific Ocean, Indian Ocean, monsoon systems and other atmospheric conditions. For businesses, the question should therefore not be: ‘Will there be a Super El Niño?’ It should be: ‘What climate-related risks could affect my business, customers, suppliers and cash flow?’

Why should Sri Lanka’s economy be concerned?

The economic transmission mechanism of an El Niño event can be significant. Changes in rainfall, temperature and weather conditions can affect agricultural production, which may lead to higher food prices and contribute to inflation. Rising food and essential commodity prices can reduce household purchasing power, resulting in lower discretionary spending and weaker business demand. This can, in turn, place pressure on corporate profitability and ultimately affect Government Tax Revenue. At the same time, disruptions to domestic production may increase the need for imports, raising the country’s foreign-exchange requirements and potentially placing additional pressure on the trade balance. Floods, droughts and climate-related damage to infrastructure can further increase Government expenditure on disaster relief, reconstruction, agriculture and essential services. Thus, what begins as a climate event can ultimately develop into a broader macroeconomic, fiscal and business-risk issue for Sri Lanka.

Impact on businesses and trade

Businesses are likely to experience the effects of El Niño through several interconnected channels. Input costs may increase if agricultural products and other commodities become more expensive, putting pressure on production costs and profit margins. Supply chains may also be disrupted by extreme weather, affecting suppliers, transportation, logistics and delivery schedules. Changes in rainfall and higher temperatures can influence electricity demand and hydropower availability, while water-intensive industries may face increased water-related operating risks. At the same time, if food and other essential expenses rise, households may reduce discretionary spending, leading to weaker consumer demand for non-essential goods and services. Businesses may also face greater working-capital requirements as inventory costs increase, customer payments are delayed and operating expenses rise.

In this environment, businesses should undertake an ‘El Niño Stress Test’ as part of their risk-management and business-continuity planning. Management should assess what would happen if input costs increased by 10-20%, sales temporarily declined, a key supplier was unable to deliver for two weeks, transportation was disrupted, electricity costs increased, or customers took longer to settle their outstanding balances. The objective is not to predict the exact impact of El Niño, but to understand the business’s ability to withstand different scenarios and maintain operations. The results should be incorporated into the company’s cash-flow forecasts, working-capital planning, procurement strategy and overall Business Continuity Plan.

MSMEs: The most vulnerable segment

Micro and small enterprises may be particularly vulnerable to the economic effects of El Niño because they often operate with limited cash reserves, a small number of suppliers, concentrated customer bases, limited insurance coverage and a high dependence on daily cash flow. Even a short-term disruption to supplies, transportation, electricity, customer demand or working capital can therefore have a disproportionate impact on their operations and profitability. Small businesses should consequently place greater emphasis on cash-flow forecasting, supplier diversification, emergency liquidity, appropriate insurance and prudent inventory management. A 13-week rolling cash-flow forecast can be particularly valuable, especially for businesses operating with tight working-capital cycles, as it enables business owners to identify potential cash shortages early and take corrective action. Ultimately, climate resilience should become an integral part of SME management and financial planning, rather than being viewed solely as a responsibility of the Government.

Impact on trade and importers

El Niño-related disruptions in major agricultural and commodity-producing economies can influence global commodity prices, freight rates and supply-chain conditions. Sri Lankan importers should therefore closely monitor international prices, freight and insurance costs, exchange-rate movements and delivery schedules, as these factors can directly affect their landed costs and working-capital requirements. Importers may face higher purchase prices, increased freight and insurance costs, longer delivery periods and greater financing requirements as they seek to maintain adequate inventory levels. However, businesses should avoid unnecessary or speculative stockpiling, which can itself create cash-flow and inventory risks. Instead, the emphasis should be on strategic inventory management, supplier diversification and appropriate contingency planning. Exporters should similarly assess the availability and cost of raw materials, the potential for production and logistics disruptions, changes in international commodity prices and possible shifts in overseas demand. In an increasingly interconnected global economy, El Niño-related supply disruptions in one region can ultimately affect the competitiveness, pricing and profitability of Sri Lankan businesses engaged in international trade.

El Niño and taxpayers

El Niño-related events also have direct implications for business taxpayers. A business affected by flooding, drought, supply-chain disruption or other climate-related events may experience damaged or destroyed inventory and assets, increased repair and replacement costs, business interruption, reduced turnover and higher operating expenses. In such circumstances, proper accounting records and supporting documentation become particularly important. Businesses should maintain clear records relating to damaged or destroyed inventory, asset damage, insurance claims and recoveries, repair and replacement costs, extraordinary expenditure and losses arising from business interruption. These records can support the preparation of accurate financial statements and tax computations and help substantiate relevant claims or adjustments where permitted under the applicable tax laws. Since the tax treatment of such losses, expenses, asset disposals, insurance recoveries and other transactions will depend on the specific circumstances and prevailing tax legislation, taxpayers should obtain appropriate professional tax and accounting advice before making significant accounting or tax adjustments.

VAT, SSCL and cash flow

For many businesses, the immediate challenge arising from climate-related disruption may be liquidity rather than profitability. A business may remain profitable in its financial statements while simultaneously experiencing significant cash-flow pressure due to higher inventory costs, delayed customer collections, increased transportation and electricity expenses, and additional financing requirements. At the same time, statutory obligations such as VAT, SSCL, APIT (PAYE) and other applicable taxes continue to require timely attention. Businesses should therefore incorporate their tax and other statutory payments into rolling cash-flow forecasts and actively manage working capital during periods of uncertainty. Where climate-related disruptions affect operations, taxpayers should also maintain proper records and seek professional advice where appropriate, rather than allowing temporary cash-flow difficulties to develop into avoidable tax arrears, penalties or compliance issues. Sound tax planning and disciplined cash-flow management are therefore essential components of business resilience.

Impact on Government revenue

The potential impact of El Niño on Government revenue and fiscal management is an important macroeconomic consideration. If climate-related disruptions weaken overall economic activity, corporate profitability and taxable income may come under pressure, while VAT and SSCL collections could also be affected by changes in business turnover and consumer spending. Similarly, changes in import volumes and international commodity prices could influence Customs and other import-related revenue. At the same time, the Government may face additional expenditure on disaster relief, infrastructure rehabilitation, agricultural support, food-security measures, water management and other climate-related interventions. This could create a challenging fiscal situation in which revenue growth slows while public expenditure increases. Accordingly, potential El Niño-related economic disruptions should be incorporated into Sri Lanka’s fiscal-risk assessment, revenue forecasting and broader economic stress-testing framework, enabling policymakers to anticipate pressures rather than respond only after they materialise.

What should policymakers do?

Sri Lanka should adopt a coordinated and forward-looking approach to manage the potential economic consequences of El Niño, with particular emphasis on food security, water, energy, early warning systems and fiscal preparedness. Food security measures should include close monitoring of rice, wheat, maize, pulses, vegetable oils, fertiliser and other essential commodities, together with appropriate contingency arrangements where necessary. In water management, seasonal climate forecasts should be integrated into reservoir operations, irrigation planning and water allocation decisions. Energy security should be strengthened through greater investment in renewable energy, energy storage, efficiency and demand-side management, thereby reducing excessive dependence on weather-sensitive generation. At the same time, early-warning systems should be strengthened so that timely and reliable information reaches the public, farmers and businesses through SMS, television, radio, social media and local authorities in Sinhala, Tamil and English. From a fiscal perspective, the Government should assess the potential effects of climate-related shocks on tax revenue, imports, subsidies, disaster-related expenditure, agricultural support and infrastructure rehabilitation and incorporate these risks into fiscal planning.

Importantly, the Government has already established a Special Cabinet Sub-Committee and an Officials’ Committee to address the potential impact of El Niño. This is a positive and timely step. However, the next stage should be to extend preparedness beyond Government institutions and establish stronger coordination with business organisations, trade associations, farmers, financial institutions, professional bodies, taxpayers and the general public. Climate resilience must become a shared national economic responsibility rather than solely a Government responsibility.

Every business should consider conducting a Climate Risk Review as part of its broader risk-management and business-continuity process. This should include reviewing the supply chain to identify critical suppliers and suitable alternatives; preparing rolling 13-week cash-flow forecasts to identify potential liquidity pressures at an early stage; reviewing insurance coverage for flood, storm, property damage, inventory losses and business interruption; assessing inventory requirements and maintaining reasonable contingency stocks where commercially justified; reviewing energy efficiency and alternative energy sources; and ensuring tax and regulatory compliance through proper records and timely payment of VAT, SSCL, APIT (PAYE) and other applicable statutory obligations, even during periods of operational disruption. Businesses should also have a clear Business Continuity Plan covering how essential operations would be maintained if production, supplies, transport, electricity or other critical activities were disrupted for one or two weeks. This is where the role of the Chartered Accountant becomes increasingly valuable. The modern CA should not merely report what happened in the previous financial year, but also help management assess what may happen next. The key questions should be: What could happen? What would be the financial impact? Can the business finance the additional cost? What risks can be transferred through insurance or other arrangements? And what decisions should management take now? In this way, the Chartered Accountant can contribute not only to compliance and financial reporting, but also to forward-looking risk management, financial resilience and informed business decision-making.

Households should remain informed without becoming alarmed. They should follow official weather and disaster-management information, conserve water, maintain reasonable emergency supplies, protect important documents and prepare for temporary electricity or transport disruptions. Unnecessary borrowing and excessive food hoarding should be avoided. Most importantly, households should rely on verified official information rather than social-media rumours. The objective is simple: preparedness, not panic.

A business opportunity in climate risk

El Niño should not be viewed only as a source of risk; it can also create new business and investment opportunities as businesses, Government and households seek greater resilience to climate-related disruptions. Growing demand for renewable energy, battery storage, water-saving technologies, efficient irrigation, climate-smart agriculture, food storage and cold-chain logistics can create opportunities for entrepreneurs and investors. There may also be increasing demand for insurance and risk-management solutions, disaster-resilient construction, weather-information and early-warning technologies, and more resilient supply-chain systems. For Sri Lankan businesses, this emerging demand represents an opportunity to develop products and services that help customers reduce their exposure to climate-related risks. Entrepreneurs should therefore ask a forward-looking question: ‘What products and services will businesses, Government and households need as climate volatility increases?’ In this sense, climate risk can create new markets, new investments and new avenues for innovation and economic growth.

Conclusion: El Niño is a climate warning – but also an economic warning

The 2026 El Niño should not be viewed simply as a weather event occurring thousands of kilometres away in the Pacific. Its consequences can extend into Sri Lanka’s production, food and commodity prices, trade, business costs, taxation, Government revenue, public expenditure and household purchasing power. With international forecasts indicating a very high probability of a very strong El Niño during late 2026 and early 2027, and Sri Lanka’s Department of Meteorology issuing a similarly serious warning, the country should treat the situation as an emerging economic and business-risk issue.

The appropriate response is neither panic nor complacency, but preparedness and risk management. For the Government, this means strengthening fiscal resilience, food security, energy security and water management. Businesses should focus on cash-flow resilience, supply-chain diversification, appropriate insurance and business continuity. Traders should strengthen inventory management, supplier diversification and monitoring of commodity prices and foreign-exchange risks. Taxpayers should maintain proper accounting records, prudent cash-flow planning, timely statutory compliance and appropriate professional advice. Households should practise financial prudence, sensible preparedness and reliance on reliable information. For Chartered Accountants and other professional advisers, the changing environment provides an opportunity to move beyond traditional compliance and financial reporting towards forward-looking business resilience, risk assessment and strategic decision-making.

Sri Lanka cannot control El Niño, the temperature of the Pacific Ocean or global commodity markets. What Sri Lanka can control is how well it prepares and responds. El Niño may begin in the Pacific, but its economic consequences can ultimately appear in business costs, tax payments, trade flows, Government budgets and household expenditure. The real challenge is therefore not simply to predict the weather, but to strengthen the resilience of the economy before the impact materialises.

The Colombo stock market rebounded yesterday with investor sentiment buoyed by falling Treasury Bill yields.

With 126 counters ending in green against 84 in red, the ASPI ended up 0.33% or 69.47 points at 21,395.11 and the active S and P SL20 ended up 0.2% or 11.75 points at 5,995.25.

Turnover was over Rs. 2.4 billion on over 118.1 million shares traded. Foreign investors were net buyers on a net inflow of Rs. 68.3 million.

The top contributors to the ASPI was CINS, HAYC, RCL, DIPD and AEL and negative contributors were JKH, BIL, BREW, HNB and CARS.

First Capital Research said declining T-Bill rates helped boost investor confidence. The bourse gained momentum supported by buying interest following the decline in T-Bill yields at the weekly auction, alongside increased participation from both retail and HNW investors compared to the previous session. Investor interest was evident in export-oriented and materials sector companies.

The food, beverage and tobacco sector led the daily turnover with a share of 26%, followed by the materials and diversified financials sectors collectively contributing 41%.

NDB Securities said high net worth and institutional investor participation was noted in Renuka Foods, Dipped Products and John Keells Holdings.

Mixed interest was observed in Vallibel Finance, Haycarb and Alumex whilst retail interest was noted in UB Finance Company, Browns Investments and Softlogic Capital.

The food, beverage and tobacco sector was the top contributor to the market turnover due to Renuka Foods whilst the sector index gained 0.85%. The share price of Renuka Foods decreased by 60 cents to close at Rs. 25.90.

The materials sector was the second highest contributor to the market turnover due to Dipped Products and Haycarb whilst the sector index increased by 2.93%. The share price of Dipped Products moved up by Rs. 3.50 to close at Rs. 61.60 and Haycarb appreciated by Rs. 12.50 to close at Rs. 215.50.

Vallibel Finance and John Keells Holdings were also included amongst the top turnover contributors. The share price of Vallibel Finance lost Rs. 4.20 to close at Rs. 86.80 and John Keells Holdings closed flat at Rs. 19.50.

National cricketers made merry along with those discarded for the tour of England in the final week of matches that concluded the group stage of the Major Club 50-over tournament yesterday.

Defending champions CCC and Moors SC from Group A, along with Colts and SSC from Group B have qualified for the semi-finals.

CCC came up with an exceptional batting performance racing to the highest total in the current tournament by posting 369-6 in their 72-run win against Tamil Union at the P Sara Oval. Leading the CCC run parade was Kamindu Mendis and discard Lasith Croospulle who provided the foundation for CCC’s big total with an opening partnership of 268. The pair batted till the 41st over before they were separated. Mendis free from the burdens of being the national team’s vice-captain, hit a free-flowing 139 off 129 balls (11 fours, 6 sixes) and Croospulle, dumped after the West Indies tour replied with a stirring innings of 148 off 125 balls studded with 11 fours and 8 sixes. Pavan Rathnayake, another England bound player put the finishing touches to the innings with a delightful innings of 62* off 28 balls (4 fours, 4 sixes). Tamil Union started off well with a stand of 91 by Navod Paranavithana (43) and Sineth Jayawardena but could not sustain the intensity that was required to keep pace with the run rate and were dismissed for 297 in the 45th over. Jayawardena fought a lone battle for a stroke-filled 136 off 103 balls (17 fours, 4 sixes) being the last wicket to fall. Spinners Ashian Daniel (4/56) and Dhananjaya de Silva (3/37) kept the Tamil Union run rate in check.

SSC were put to the test by Bloomfield before winning by five wickets with 19 balls to spare at the Bloomfield grounds. Before the start of the match both teams were in contention for a semi-final berth. Batting first, Bloomfield put up a challenging total of 329, courtesy a career best knock of 165 off 130 balls (18 fours, 5 sixes) from England bound Janith Liyanage. With Asitha Wanninayake (60 off 78 balls, 8 fours), Liyanage added 154 after Bloomfield had lost their first two wickets for 17. Pacie Kasun Rajitha did the early damage to finish with 4/49. SSC’s run chase was spearheaded by their skipper Avishka Fernando who hit a brilliant 138 off 114 balls (15 fours, 4 sixes) and shared in century stands of 136 with Nuwanidu Fernando (57 off 49 balls, 5 fours, 3 sixes) and 125 with Nipun Dananjaya (69 off 78 balls, 8 fours, 1 six). But it was left to Dunith Wellalage, another cricketer England bound to see SSC cross the line hitting 30* off 19 balls in an unbroken stand of 44 with Vishad Randika (16*).

Colts ensured they finished on top of Group B by beating last year’s runner-up Police SC by 72 runs at Colts grounds. Colts successfully defended their total of 266-6 by bowling out Police SC for 194. It was an all-round bowling effort by Colts that saw them win with the six bowlers they used picking up at least as wicket apiece. Nipun Premaratne top scored for Police SC with 68 off 80 balls (5 fours, 4 sixes). Sangeeth Cooray (85 off 102 balls, 6 fours, 1 six) and Muditha Lakshan (69 off 50 balls, 8 fours, 1 six) were the principle scorers for Colts.

In the other matches that ended yesterday Panadura SC beat Kurunegala YCC by 71 runs at the Panadura esplanade. Replying to Panadura SC’s total of 235-9, Kurunegala YCC were dismissed for 164 to finish without a single win in the group. Former Sri Lanka opener Oshada Fernando top scored for Panadura SC with 78 off 71 balls (9 fours, 2 sixes).

Ace Capital CC finished their campaign with a five-wicket win against Nugegoda SWC at De Zoysa Stadium, Moratuwa. Wanuja Sahan produced a deadly spell of left-arm spin (6/34 off 10 overs) to dismiss Nugegoda SWC for 167 for whom another similar spinner top scored with 52* (105 balls, 3 fours). Ace Capital CC knocked off the required runs in 37 overs with Ranesh Silva making 60* off 67 balls (7 fours, 1 six).

In the battle of the wooden spoonists from Group B at Moors SC grounds, BRC pulled off a seven-wicket win over Badureliya CC who finished without a single win. Badureliya CC playing with only nine players due to a dispute over team selection were shot out for 104 by 18-year-old leg-spinner from Jaffna Hartley College, Vigneshwaran Akash (4/15). BRC scored the required runs in 15 overs.

Gem City Ratnapura 2026, the International Gem and Jewellery Show, was inaugurated on Monday, at the Grand Silver Ray Hotel, Pelmadulla, bringing together international buyers, foreign delegates, industry leaders and leading Sri Lankan gem and jewellery entrepreneurs.

Held under the theme ‘Home to the Finest,’ the exhibition aims to further strengthen Ratnapura’s position as an international hub for the gem and jewellery industry.

Delivering the keynote address, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath said Sri Lanka’s long history as a leading source of precious stones provides a strong foundation for developing the industry further. He said the country must focus not only on finding and exporting gemstones, but also on creating greater economic and social value from them within Sri Lanka.

The Minister said Sri Lanka should strengthen its value addition capacity through modern cutting and polishing, internationally recognised laboratories and certification, jewellery design and manufacturing, research, training, branding and international marketing.

The exhibition, organised for the third consecutive year by the National Gem and Jewellery Authority (NGJA) in collaboration with the Lanka Gem Dealers and Miners Association (LGDMA), was attended by foreign buyers and representatives from India, Pakistan, Thailand, USA, Spain, Ecurope, China, Japan, Poland and Ethiopia.

The participation of international buyers and industry representatives marked another important milestone in Sri Lanka’s efforts to position Ratnapura, the country’s historic City of Gems, as an international hub for the gem and jewellery industry.

A large gathering of gem industry stakeholders from Ratnapura, Colombo and Beruwala, together with representatives of the business community and other institutional stakeholders, participated in the inauguration.

In his address referring to the NGJA’s target of increasing gem and jewellery exports to $ 3 billion by 2030, Minister Herath said this should be considered a national economic objective. He highlighted the need for investment, technology, skills and new approaches to achieve this target, while noting the important role foreign investors can play by bringing capital, technology, knowledge and access to international markets.

He also highlighted the skills of Sri Lankan gemmologists, lapidarists, jewellery designers and craftsmen and said greater training, technology and international exposure could help local professionals gain recognition in international markets.

The Minister stressed the importance of international partnerships, including stronger cooperation with Thailand in trade, technology, value addition, training and access to international markets. He also noted that international gemmological expertise can help strengthen Sri Lanka’s adherence to global standards in quality, authenticity and certification.

The Minister further identified gem tourism as an important opportunity for Ratnapura. He said the city could develop as an international gem tourism destination by connecting its mines, museums, gem markets, cutting and polishing centres and jewellery workshops with the tourism sector, creating new income and employment opportunities for people and businesses in the region.

He also called for Sri Lanka’s diplomatic missions abroad to play a more active role in promoting the Ceylon Sapphire and Sri Lanka’s gem and jewellery industry by connecting exporters with international buyers, identifying investors, facilitating business relationships and helping open new markets.

The Minister said Gem City Ratnapura 2026 should be viewed as more than an exhibition and as part of a wider effort to make Sri Lanka a global centre for gems and jewellery through value addition, certification, design, manufacturing, branding and international marketing, while developing Ratnapura as a recognised destination for gem tourism.

Industry and Entrepreneurship Development Minister Sunil Handunnetti emphasised the Government’s vision of transforming Sri Lanka into a global hub for gemstones and jewellery-not only for gemstones produced locally, but also for gemstones sourced from other countries.

The Minister stated that the Government expects the gem and jewellery industry to achieve $ 2 billion in export revenue, through the export of gemstones, jewellery and other value-added products.

He emphasised that the future competitiveness of the industry must be built upon the availability of fine-quality gemstones, environmental sustainability, greater recognition and empowerment of women in the industry, the elimination of child labour, traceability and increased value addition.

Industry and Entrepreneurship Development Ministry Secretary Thilaka Jayasundara highlighted the importance of the gem and jewellery sector as a major industry contributing to Sri Lanka’s economy through foreign exchange generation, foreign investment and employment creation.

She noted that Sri Lanka has considerable potential to attract investment into areas such as diamond processing and gold jewellery manufacturing, which could further expand the country’s value-added manufacturing capacity.

Jayasundara also emphasised that the Ministry continues to work closely with industry stakeholders by providing direct and indirect support and developing appropriate fiscal policy measures to facilitate the sustainable growth and international competitiveness of the sector.

Welcoming the participants, NGJA Chairman and CEO Prof. S. P. Chaminda noted that Gem City Ratnapura has developed into an important annual international platform since its inception in 2024.

He emphasised that exhibitions of this nature provide valuable opportunities for Sri Lankan gem and jewellery businesses to interact directly with international buyers, establish new business relationships, gain exposure to international markets and explore opportunities for export expansion.

He expressed his appreciation to the international buyers, foreign delegations, trade associations, exhibitors and all stakeholders whose participation and support contributed to the success of the event.

Among the distinguished international guests were Richard Hughes of Lotus Gemmology, Thailand, who participated as the Guest of Honour, together with Thai Gem and Jewellery Traders Association President Chomphol Phornchindarak, and Secretary General Vilasinie Noknaum.

The event also benefited from the participation of the Southern Gujarat Chamber of Commerce and Industry of India, coordinated through the Consulate General of Sri Lanka in Mumbai. The Sri Lanka High Commission in Pakistan also facilitated the participation of an eight-member business delegation from Pakistan.

Lanka Gem Dealers and Miners Association Chairman Priyantha Weliwatte said that Gem City Ratnapura 2026 had made a strong start by creating an international platform that showcased the depth and diversity of Sri Lanka’s gem industry.

He noted that the exhibition brought together a broad spectrum of the industry, ranging from leading dealers of fine-quality gemstones to small and medium-scale gem and jewellery entrepreneurs, providing them with an opportunity to connect with international buyers and explore new markets.

The exhibition was supported by a strong group of industry sponsors. Blue Mine Holdings served as the Platinum Sponsor, while Ruwanpura Gems, Osantha Gems, Thissa Gems and Instagem supported the event as Gold Sponsors. The Silver Sponsors included Priyantha Gems, Subash Gems, Nalin Gems, Winil Gems, Priyantha Matuwagala Gems, Naufer Gems, R and R Fine Gems, Ananda Gems (Thissa Ananda), Dinidu Ltd., Laggala Sanjeewa Gems and Pinwatta Gems.

Adding colour and glamour to the inauguration, the opening ceremony featured a jewellery fashion show titled ‘A Symphony of Ceylon Jewellery’, showcasing creations by local jewellery entrepreneurs Dinidu Ltd., Domico Gems and Ashardi Jewellers.

The three-day exhibition program also features a Gala Business Networking Night, business-to-business meetings, awareness programs, the Gem and Jewellery Research Symposium of Sri Lanka 2026, organised by the Gem and Jewellery Research and Training Institute, and a gem field trip, providing participants with opportunities to engage with Sri Lanka’s gem industry beyond the exhibition floor.

The inauguration ceremony was attended by Sabaragamuwa Province Governor Champa Janaki Rajarathna, several Members of Parliament, political representatives from both the Government and Opposition, senior provincial and district-level officials, including the Chief Secretary of Sabaragamuwa Province, District Secretary of Ratnapura, Divisional Secretary of Pelmadulla, Chairman of the Pelmadulla Pradeshiya Sabha and Mayor of Ratnapura.

Speaking at the closing day of the ‘Gem City Ratnapura International Gem and Jewellery Exhibition Industry Chathuranga Abeysinghe Deputy Minister Chathuranga Abeysinghe said the significant increase in participation compared to the previous year reflects a renewed revival in Sri Lanka’s gem and jewellery industry.

He emphasised that a key priority of the Government is to transform Ratnapura into a major international hub for the gem industry, by strengthening the entire value chain from gem mining to value addition, manufacturing and exports, while realising the estimated $3 billion potential of Sri Lanka’s gem and jewellery sector.

Accordingly, the Government is taking steps to strengthen traceability and global confidence in the industry, simplify import and export procedures, provide the necessary regulations and facilities, develop skills among the younger generation, and expand research and knowledge within the sector.

The Deputy Minister extended his appreciation to the National Gem and Jewellery Authority, Sri Lanka Gem and Jewellery Traders and Miners Association, and all other parties who contributed to the successful organization of the exhibition.

Deputy Minister of Tourism Professor Ruwan Ranasinghe, Members of Parliament, Secretary to the Ministry of Industry and Entrepreneurship Development J.M. Thilaka Jayasundara, government officials, industry representatives and local and international entrepreneurs also participated in the event.

M.D. Gunasena, Sri Lanka’s premier publisher, recently launched an innovative new chapter book for young readers-Adventure Don and the Sea Turtle Rescue, at an exclusive event hosted at the company’s Visakha branch bookshop.

Written and illustrated by Roshenka Jayamaha, this is the first book in an ongoing series, and is designed to take Sri Lankan storytelling to new heights, delivering a world-class piece of children’s literature that can shine on a global stage. This work is also billed as a first for Sri Lanka, in terms of the features and elements that come together to enhance the story-on the page and beyond. Experiences and activities incorporated into the series ecosystem include a theme song, interactive digital quiz, collectible Guardian Badge, personalised certificate, specialist character and wildlife fact cards, activity sheets (given at select events), learning resources, and access to a soon-to-be-launched reading club. These elements invite children to step into the Adventure Don world and deliver a one-of-a-kind, truly multi-faceted and engaging reading experience.

At the launch event, M.D. Gunasena Managing Director Rajiv Gunasena handed over the first official copy of the book to the author and illustrator, and the ebook which can be found on the Gurulogomi.lk app was also launched.

Daybridge International School Founder and Director Iromi Weerasinghe presented the formal review, and the author conducted a special reading for the VIP young readers in attendance. She also gifted her son the first copy of the book, and all the young readers present received a special edition Adventure Don activity kit to commemorate their participation in this historical launch.

Built on a legacy of excellence

Commenting on the company’s rich history as Sri Lanka’s premier publishing house and bookstore, Rajiv Gunasena said: ‘Every great story begins with someone who dared to imagine, and every great society is built by people who first learned to imagine. For 113 years, M.D. Gunasena has had the extraordinary privilege of witnessing this transformation. Every book we publish carries with it a simple hope-that somewhere, someone’s life will be transformed by what they read. Our books must: Help build character, spark curiosity, shape values and inspire courage. Above all, they remind us that the future belongs to those who have the courage to think differently, dream boldly, and turn those dreams into reality.’

The importance of Adventure Don and the author’s distinct voice and style

Commenting on the author’s work and style, he stated, ‘When I met Roshenka, I saw someone with a rare gift. Not simply the ability to write. Many people can write. But very few can create worlds that children genuinely want to live in. As I listened to her speak about her ideas, I was reminded of the qualities that made writers such as Roald Dahl, Enid Blyton, and J. K. Rowling beloved across generations. They never spoke down to children. They respected their imagination. They trusted children to understand courage, kindness, humour, friendship, and hope. I saw that same belief in Roshenka. Not that she should become another Roald Dahl or another J. K. Rowling. The world already has them. What the world needs is the first Roshenka. Every generation deserves its own storytellers-voices that understand the hopes, challenges, and dreams of children growing up today.’

The power of a well-told story

‘That is why Adventure Don is so important. Yes, it is an exciting adventure. Yes, it is imaginative. Yes, it has the humour, energy, and playful spirit that children love. But beneath every adventure lies an even greater message. It reminds children that heroes are not people with superpowers. Heroes are ordinary people who choose to care. Who choose to solve problems instead of ignoring them. Who choose kindness over indifference. Who believe that even one person-even one child-can change the world. The greatest gift we can give our children is not simply knowledge. It is purpose. A child who believes they can make a difference grows into an adult who does. And sometimes all it takes to plant that belief is one book…one story, one character, one sentence that whispers to a young reader, ‘Perhaps I can do that too.’ That is the true power of literature. It quietly changes lives long after the final page has been turned. Today is a milestone that should be cherished with great pride, and it is the start of an exciting journey. It has been a privilege for all of us at M.D. Gunasena to play a part in bringing Roshenka’s work to readers. We have every confidence that her passion, dedication, and talent will lead to many more books, many more readers, and a truly distinguished writing career. We are honoured to walk alongside her on that journey.’

A must-have in every library

An award-winning educational leader with a career spanning 40 years, Iromi Weerasinghe shared her professional reflections on this book and its value as a piece of children’s fiction for young readers: ‘In a time when it is becoming increasingly difficult to get children to read, and they are constantly being pulled away by digital devices and distractions-this book offers so much to draw them back to reading. Firstly, it is wonderfully fast-paced, we start on Don’s birthday, and so much happens in those 24 hours, and the story also ends on his birthday, which is fabulous. Most of the time children get bored when a story drags on, but our author has delved into the plot and action very quickly. I believe that children will find it hard to put this book down. The concept of being a Guardian of the Wild is brilliant and will open up so many emotions in a child, inspiring them to learn about the environment, take responsibility for our planet, rescue animals and care about wildlife. The main character Don does all of this so beautifully-and these are aspects of the book that will really inspire young minds. This book is an absolute must-have in every library, and it offers a story that all children will want to reach for.’

Full of creative value and innovation

‘Some of the thematic aspects that stand out in the writing, are the focus on the family unit and wholesome values such as courage, self-acceptance, confidence and a spirit of determination-the author has artfully woven these into the book. The sound words are catchy, the layout outstanding, and the characters are truly lovable. The story is full of humour, wit and charm. The detailed wildlife fact sheets and nuggets of knowledge about loggerhead sea turtles in the book, make it interesting not just for children but also for adults. This book showcases the author’s truly fabulous imagination, and it is exactly what the children of our generation need. They don’t want stuffy slow-paced stories, today’s readers want action, pace, flair and adventure-and that’s what Adventure Don delivers in style. At the same time, this book shines a spotlight on the wonderfully ordinary moments of life, reminding readers to cherish the little things that truly matter. The digital quiz is another exciting feature; it gives children the option of getting a Guardian badge and certificate after they read the book. This provides them with a chance to engage more deeply with the story, and gives them an important tool for building their English comprehension and literacy skills. In Adventure Don, the author has crafted a beautiful, immersive world, with so many elements that come together seamlessly to deliver a reading and learning experience that is enriching, inspiring, educational and truly unforgettable.’

Written for readers aged 6-10, the story follows eight-year-old Don Rupert-the next Guardian of the Wild-who is sent on an unexpected mission to the sunny coast of Sri Lanka, where one hundred loggerhead sea turtle hatchlings are depending on him. Joined by his inventor dad Alex, his cheerful mum Rosy, his loyal dog Beau, and Berty his cool air-surf skateboard, Don must rise to the challenge of becoming a Guardian-a whole ten years too early! The series is also designed as a transitional reading tool to help young readers progress from picture books to chapter books. Each book will feature a unique mission, and several titles are in the pipeline.

A book series shaped by global experiences and a love for the wilderness

Roshenka Jayamaha brings a unique blend of storytelling, conservation, education and wellbeing knowledge to the Adventure Don series. With more than 17 years of experience in communications, public relations and journalism, she has worked with brands around the world, and was recognised as one of Campaign Asia’s Top 40 Women under 40 to Watch in Asia-Pacific Communications in 2019. Raised in Malawi, she attended Bishop Mackenzie International School and then graduated from Richmond the American International University in London. She got her start at leading telco Globe Internet and then worked for Central African Wilderness Safaris where she loved tracking black rhinos, running writing workshops for students in Liwonde, travelling by boat over the hippo and crocodile-filled waters of the Shire River to Mvuu Camp, flying up to the northern fringes of Nyika where Central Africa’s densest leopard population reside, and supporting the Children in the

Wilderness project. After her time at Cinnamon Hotels and Resorts, Leo Burnett and her own consultancy, her love for the natural world and storytelling only grew further.

Inspired by coaching, communications, giving back and the arts

As a certified nutrition, sleep, stress management and recovery coach, Roshenka also runs workplace wellness programs for corporate teams as well as specialist nutrition and lifestyle management programs for women. She was featured on MSN as a global coach helping to shape health in 2025 and is passionate about teaching others more about healthy habits and living. Harnessing her years of communications experience, she also offers VP-level strategic content, writing and communications consulting, along with soft skills and language training to help brands and teams.

She also supports arts education by running the Atelier program by Fundación Parentes in Sri Lanka for the Crest Lanka Foundation. Aula Atelier is a methodology that transforms the plastic classroom into an art workshop that combines creation and critical thinking in children. A space where students develop the ability to look at the outside and inside world, and find new ways to express themselves through different artistic languages.

Roshenka also trains for her Royal Academy of Dance ballet exams at the Deanna School of Dancing and her ABRSM piano performance diploma at Soul Sounds Academy. It is her collective experiences, know-how and interests that she has poured into her work, to build a truly unique series with local roots, global wings and universal appeal. Through Adventure Don, Roshenka hopes to inspire children around the world to ‘read on’, as she strives to support both the national and international literacy, learning, reading, environmental and healthy living educational needs of the hour.

Roshenka addressed the VIP young readers gathered to celebrate the launch: Dinaren, Joses, Saathvik, Eveen, Tashiyana, Aara, Anah, Pia, Aadam, Kyla, Oshean, Archunan, Ariano, Asensio, Khalil, Maryam, Zane, Sayuru, Kyla, Nathan, Jayden, Eva, Bruce, Aidan, Aathithan and Ahilan. She extended her gratitude to her husband and son, her family, friends, well-wishers, special guest speaker Iromi Weerasinghe and Rajiv Gunasena for his bold vision and unwavering support, and belief that we can create high-quality stories right here in Sri Lanka-for the young readers of our island, as well those all around the world. The event was compeered by Chathura De Silva, and further supported by the M.D. Gunasena team.

Roshenka’s life has always been focused on family, friendship, faith, a commitment to learning and living in service. She concluded the launch by telling the young readers present that this story was theirs, and her hope was that it would inspire them to keep reading, shining, learning and reaching for the stars.

Adventure Don and the Sea Turtle Rescue is now available at M.D. Gunasena bookshops and it can also be ordered online at mdgunasena.com. Additional titles in the series are planned, including Adventure Don and the Elephant Escapade. Readers and global distributors can find out more at www.roshenkajayamaha.com

Secretary to the President Dr. Nandika Sanath Kumanayake has called for immediate measures to ease the Pay-As-You-Earn (PAYE) tax burden on the public, warning that the prevailing situation requires swift correction.

Addressing the 21st Annual General Conference of the Association of Inland Revenue Commissioners in Colombo, Dr. Kumanayake said urgent reforms were essential to provide relief to taxpayers.

He also stressed the need to strengthen Sri Lanka’s Inland Revenue Department to meet standards comparable with those of developed nations.

The conference was attended by Economic Development Deputy Minister Nishantha Jayaweera and Inland Revenue Commissioner General R.P.H. Fernando, among other senior officials, alongside Dr. Kumanayake.