Govt. reopens probe into missing $ 17.79 m legacy Treasury payments

The Government has reopened investigations into two overseas procurement transactions worth a combined $ 17.79 million, including payments for Australian milch cows and Chinese fertiliser, as part of a broader review of historic public expenditure, Public Security and Parliamentary Affairs Minister Ananda Wijepala told Parliament yesterday.

Speaking during the debate on the Committee on Public Finance (CoPF) report on the Treasury cyber fraud, Wijepala said authorities were investigating a payment of $ 11.09 million made during 2014/15 for the procurement of 20,000 milch cows from Australia.

He said no cows had been received, the funds had been lost, and no investigation had previously been conducted into the transaction.

The Minister also said the Government was investigating a separate payment of $ 6.7 million made for Chinese fertiliser after fertiliser was not received.

Wijepala said both cases formed part of a wider review of historical overseas payments and financial anomalies undertaken by the Government.

He said investigators were examining older transactions to determine whether public funds had been misused and to identify any irregularities that had not previously been investigated.

Landmark dining experience for Colombo

This August, Indiya at City of Dreams Sri Lanka will bring together two of India’s most celebrated culinary destinations, Indian Accent Mumbai and Ekaa, for an exclusive two-night dining experience on August 7-8, 2026. The guest chef experience will see Executive Chef Rijul Gulati of Indian Accent Mumbai and Chef Niyati Rao, Head Chef and Partner of Ekaa, present specially curated vegetarian and non-vegetarian Chef’s Tasting Menus that celebrate India’s rich culinary heritage through bold innovation, exceptional ingredients and refined technique.

Designed as a seamless dialogue between two distinct culinary philosophies, the menus bring together Indian Accent’s globally acclaimed reinterpretation of Indian classics with Ekaa’s ingredient-led, deeply thoughtful approach inspired by seasons, cultures and memories. Guests can look forward to an extraordinary progression of dishes including Papdi Chaat with Crackling Spinach, Blue Cheese Naan, Black Cod with Masala Carrot and Apricot Chutney, Tomato Tomato, Marathawada, and the iconic Daulat Ki Chaat, before concluding with the elegant Risalamande featuring pandan rice gelato.

‘Indian cuisine is shaped by stories, traditions and ingredients from across the country,’ says Indian Accent Mumbai Executive Chef Rijul Gulati. ‘We’re excited to bring Indian Accent’s perspective to Colombo and share our approach to modern Indian cuisine with guests at Indiya.’

Ekaa Partner and Head Chef Niyati Rao adds, ‘Ekaa has always been about celebrating ingredients, cultures and memories in a way that feels both personal and unexpected. We’re excited to bring our culinary philosophy to Colombo and create an experience that encourages guests to discover Indian cuisine through a new lens.’

Indian Accent is renowned as the pioneering modern Indian restaurant worldwide, with its inventive approach seamlessly blending traditional flavours with contemporary techniques. Located in New Delhi, New York and Mumbai, Indian Accent has won more accolades than it can count over the years. It has also been recognised by Time Magazine as one of the World’s 100 Greatest Places.

Joining the experience is Ekaa, one of Mumbai’s most exciting contemporary restaurants, led by acclaimed chef Niyati Rao. Inspired by ingredients rather than convention, Ekaa has earned widespread recognition for its imaginative, ingredient-first philosophy, while Chef Niyati herself has been honoured on both the Forbes India and Forbes Asia 30 Under 30 lists, alongside consecutive recognitions at The Best Chef Awards.

For just two evenings, Indiya at City of Dreams Sri Lanka will offer guests a rare opportunity to experience two of India’s most celebrated restaurants through an unforgettable tasting journey where tradition meets innovation, reaffirming its position as one of Colombo’s premier destinations for exceptional Indian dining.

As the Indian specialty restaurant at City of Dreams Sri Lanka, Indiya continues to champion the richness and evolution of Indian cuisine by introducing internationally acclaimed chefs and celebrated dining concepts to Colombo, creating exceptional experiences that place the city firmly on the regional culinary map.

Applications open for CMA Excellence in Integrated Reporting Awards – 2026

The Institute of Certified Management Accountants (CMA) of Sri Lanka has announced that applications are now open for the CMA Excellence in Integrated Reporting Awards – 2026, Sri Lanka’s premier recognition program for organisations demonstrating excellence in Integrated Reporting and value creation.

Now in its latest edition, the Awards continue to promote global best practices in corporate reporting while encouraging organisations to adopt integrated thinking, transparency, accountability, and long-term value creation.

Introducing 10 Best Sustainability Report Awards

A key highlight of the 2026 Awards is the introduction of the “10 Best Sustainability Report” Awards, a new category established in response to the increasing importance of sustainability reporting and evolving global reporting standards.

As organisations place greater emphasis on environmental, social, and governance (ESG) performance, this new award recognises organisations that demonstrate excellence in sustainability reporting, transparent disclosures, stakeholder engagement, and sustainable value creation.

The introduction of this award reflects CMA Sri Lanka’s commitment to supporting organisations in adopting internationally accepted sustainability reporting practices while encouraging responsible and sustainable business conduct.

Categories

The CMA Excellence in Integrated Reporting Awards – 2026 will recognise outstanding organisations through several prestigious award categories, including:

Diamond Award

Overall Winner – Gold Award

First Runner-up – Silver Award

Second Runner-up – Bronze Award

15 Best Integrated Reports

10 Best Sustainability Report

Sector Awards

Merit Awards

Certificates of Compliance

Special Awards

Organisations will also be recognised for excellence in specific aspects of Integrated Reporting, including:

Conciseness

Capitals

Materiality

Value Creation

Strategic Focus

Integrated Thinking

Diversity Reporting

Sustainability Reporting

Wide range of industry sectors

Applications are invited from organisations representing a broad range of sectors, including Diversified Holdings, Banking, Finance and Leasing, Insurance, Manufacturing, Telecommunications, Healthcare, Education, Hotels and Travel, Construction, Power and Energy, State-Owned Enterprises, Renewable Energy, SMEs, and many other industry categories.

Call for applications

CMA Sri Lanka invites all eligible organisations that have published Integrated Reports and Sustainability Reports to participate in this prestigious national awards program and benchmark themselves against the highest standards of corporate reporting.

The closing date for applications is 15 August 2026.

Through these Awards, CMA Sri Lanka continues to strengthen Sri Lanka’s corporate reporting landscape by promoting transparency, accountability, integrated thinking, and sustainable business practices in line with international best practices.

For further information, please contact the CMA Integrated Reporting Secretariat at 074 321 3860 or [email protected]. Applications and additional details are available through the CMA Sri Lanka Secretariat.

Dialog honours Sri Lanka’s Commonwealth Games Medal Winners

Dialog Axiata PLC, Sri Lanka’s No.1 connectivity provider and prolific promoter of sports, honoured Rumesh Tharanga and Palitha Bandara in recognition of their achievements at the 2026 Commonwealth Games.

During the public parade held on 5 August 2026 to celebrate Sri Lanka’s Commonwealth Games heroes, the two athletes visited the Dialog Axiata head office, where Dialog Axiata PLC Director /Group Chief Executive Supun Weerasinghe presented them with special commemorative gifts.

Rumesh Tharanga made history as the first Sri Lankan track and field athlete to win a Commonwealth Games gold medal, while Palitha Bandara brought further honour to the nation by winning a silver medal in para-athletics.

As the Official Telecommunications Partner of the National Olympic Committee of Sri Lanka (NOCSL) through to the Los Angeles 2028 Olympic Games, Dialog continues to support Sri Lanka’s Olympic aspirations by empowering athletes such as Rumesh Tharanga. Dialog has also remained a steadfast supporter of the development and advancement of para sports in Sri Lanka for 26 years, serving as the principal sponsor of the country’s para sports and empowering athletes such as Palitha Bandara in their pursuit of excellence.

New Anthoney’s Group returns as official poultry supplier for MasterChef Sri Lanka Season 2

New Anthoney’s Group has confirmed its return as the Official Poultry Supplier for MasterChef Sri Lanka Season 2, extending a partnership that began with the show’s historic debut season. When the search begins again for the country’s finest home cooks, the chicken in the MasterChef kitchen will carry the same guarantee it always has: raised without antibiotics, verified by science, and produced by the company that has built Sri Lanka’s most rigorous poultry standard over four decades.

Masterchef Sri Lanka Season 1 premiered on 14 February 2026 on ITN under the theme ‘Sri Lanka on a Plate,’ the inaugural edition ran across 25 episodes and drew contestants from every corner of the island. Sanjula Manoj from Hasalaka emerged as the first-ever MasterChef Sri Lanka winner on 9 May 2026, earning the title through a competition that tested creativity, composure, and the ability to translate Sri Lankan culinary heritage into dishes of genuine refinement.

The judges, led by internationally acclaimed chef Peter Kuruvita alongside Savindri Perera, Rohan Fernandopulle, and Kapila Jayasinghe, set a standard of critique that matched the ambition of the format. As the 71st international adaptation of a franchise broadcast across 72 countries, MasterChef Sri Lanka proved in its first season that Sri Lankan food culture had more than enough to say on a global stage.

The decision to continue into Season 2 is not a formality. New Anthoney’s Group was the natural choice for Season 1 because no other producer in Sri Lanka can make the same claim: every bird raised without antibiotics at any stage of production, independently verified through a landmark five-year Memorandum of Understanding with the University of Peradeniya’s ISO/IEC 17025-accredited Food Safety and Quality Assurance Laboratory. That commitment does not change between seasons. If anything, Season 2 arrives with the standard better established and the audience better informed about what it means for what ends up on the plate.

‘We were proud to be part of Season 1 from the very beginning, and we are proud to be back for Season 2. MasterChef Sri Lanka has done something important: it has shown this country that its food is worth taking seriously, and that the ingredients behind the food matter just as much as the skill of the cook. New Anthoney’s has always believed that. This is exactly the platform where that belief belongs,’ said New Anthoney’s Farms Executive Director and Business Development Manager Eranga Kurukulaarachchi.

The partnership arrives at a moment of considerable momentum for the Group. Earlier this month, the International Finance Corporation, the private sector arm of the World Bank Group, announced an investment of up to $ 10 million in New Anthoney’s Farms Group, backing the company’s plans to expand production capacity, strengthen its smallholder farmer network, and scale its export operations.

For Season 2 contestants, the kitchen starts with a material advantage: produce that is certified to FSSC 22000, ISO 22000, HACCP, and GMP standards, with international Halal certification and a GHG Verification Statement under ISO 14064-1:2018, certified by Control Union Netherlands. New Anthoney’s is also the only poultry company in Sri Lanka with that environmental credential.

Across its retail portfolio, the Group operates the HarithaHari antibiotic-free range in Sri Lanka’s first fully compostable poultry packaging, the Crizzpys ready-to-eat frozen range, the Chicken Havens HORECA line for professional kitchens, and the Meatlery luxury meat retail network. Season 2 contestants will be working with a product that the country’s most discerning chefs and its most ambitious export buyers have both signed off on. That is not a sponsorship talking point. It is simply what the standard requires.

Govt. blocks 24 unlicensed online gambling websites

The Government has blocked access to 24 online gambling and betting websites operating without valid licences in Sri Lanka, stepping up enforcement under the Gambling Regulatory Authority Act, No. 17 of 2025.

The Finance, Planning and Economic Development Ministry said the action followed a notification issued by the Gambling Regulatory Authority to the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), which subsequently directed all telecommunications service providers to restrict access to the identified websites with immediate effect.

The Ministry said operating or promoting online gambling services without a valid licence issued under Sections 15, 16, and 18 of the Act constitutes an offence under Section 44 of the Gambling Regulatory Authority Act.

The websites blocked are: 1xbet.com, betway.com/en-lk, 22bet.com, melbet.com, unibet.com, betfair.com, dafabet.com, bet365.com, 1win.com, spinbetter.com, 10cric.com, bc.game, megapari.com, pin-up.bet, stake.com, mostbet.com, parimatch.com, betwinner.com, linebet.com, 4rabet.com, rajabets.com, dbbet.com, coldbet.com, and WinWin.

The Ministry urged the public not to participate in or invest in illegal online gambling activities, warning of potential financial risks associated with unlicensed operators.

It said further action would be taken in collaboration with relevant regulatory authorities to strengthen oversight of the gambling industry, curb illegal online gambling operations, and safeguard the financial security of the public.

Food Studio unveils five new dining concepts at Colombo City Centre

Food Studio recently unveiled a refreshed line-up of five culinary concepts at Colombo City Centre’s (CCC) Dining Gallery, marking a significant milestone in the company’s evolution from a restaurant operator to a brand-focused food and beverage platform.

The launch brings together Primo, Hotel Manoli, Bamboo Boy, Kimono and Wide Eyes under one roof, creating a diverse dining destination designed to cater to a broad range of tastes, occasions and consumer preferences.

The revitalised Dining Gallery occupies Level 3 of Colombo City Centre and forms part of Food Studio’s wider strategy of developing distinctive, scalable food brands with long-term growth potential.

The opening signals a new chapter for Food Studio, which began its journey at CCC and has since expanded its portfolio through the development of proprietary concepts. While Primo was already operating at the location, Hotel Manoli has made its debut at CCC following its stint at One Galle Face Mall, while Bamboo Boy has been revamped and joined by new concepts Kimono and Wide Eyes.

The five-brand portfolio has been curated to offer a wider range of dining experiences, bringing together Middle Eastern cuisine, Southeast Asian flavours, Japanese-inspired offerings, specialty coffee and artisanal sandwiches in a single destination.

Food Studio Managing Director and Liberty Lands and Developments Group CEO Naveed Cader said the return to CCC’s Dining Gallery represents more than a relaunch.

‘CCC is where Food Studio’s journey began, and we firmly believe it remains at the heart of everything we continue to build. Returning to the Dining Gallery with this five-brand line-up is not simply a relaunch, it is an evolution,’ he said.

Cader noted that the company is increasingly focused on building strong brands rather than standalone outlets, with an emphasis on concepts that can scale across locations and potentially expand beyond Sri Lanka.

‘This is about building brands with long-term potential. We are investing in concepts that have a clear identity, strong customer appeal and the ability to grow sustainably. These five brands form the foundation of something we intend to take much further,’ he said.

The launch comes amid growing demand for curated dining experiences in Colombo, driven by changing consumer habits, increasing tourism arrivals and a greater appetite for quality food concepts that offer both convenience and variety.

Food Studio CEO Nadeem Rajabdeen said the company began as a platform for bringing together authentic food concepts before evolving into a portfolio of home-grown brands developed through direct investment in product development, branding and operational excellence.

‘Through that journey, we started developing our own brands. That has evolved into a sharper focus on fewer concepts, executed exceptionally well, with real investment in the product, the brand and how it scales,’ he said.

Rajabdeen explained that each concept was born from a distinct idea and market opportunity. Primo focuses on premium sandwiches and handcrafted fillings, Hotel Manoli offers Middle Eastern comfort food, Bamboo Boy delivers Southeast Asian hawker-style cuisine, Kimono showcases Japanese-inspired flavours and Wide Eyes serves as the group’s specialty coffee and patisserie brand.

He noted that the company remains committed to creating concepts that resonate with modern consumers while maintaining the flexibility to expand across multiple locations.

As Colombo’s food and beverage sector continues to evolve, Food Studio believes its focus on strong branding, operational consistency and scalable concepts will position the company to capitalise on emerging opportunities both locally and internationally.

With five distinct concepts now operating under one roof, the company is betting that the future of dining lies not only in serving good food but in building enduring brands that can stand the test of time.

Sampath Bank tops MCA Champions League 2026 undefeated

Sampath Bank won all five of their league-stage matches and qualified for the semi-finals of the MCA Honour Champions League to head the points table.

In the league stage, Sampath Bank defeated LOLC Holdings by 64 runs, Abans Group by 76 runs, MAS Intimates by 131 runs, Commercial Bank by 91 runs and Ceylinco General Insurance by 2 runs, to top the points table.

The all-round performances of Dulaj Ashen and Chamath Dilsara have played pivotal roles in Sampath Bank’s winning streak.

Dulaj Ashen, having captured 11 wickets, is the top bowler of the league, while Chamath Dilsara is in third place with 10 wickets. Dumindu Sewmina is in 10th place with eight wickets.

Dulaj Ashen, with an aggregate of 172 runs and a highest score of 83 not out, is the second-highest run-getter in the league, while Adithya Siriwardena, Abhishek Anandakumara and Chamath Dilsara clinched the third, fourth and sixth spots with 169, 133 and 124 runs respectively.

The Sampath Bank squad comprises:

Senura Amarasinghe, Ranga Perera, Sumudu Mapalagama, Dasun Shanaka, Dushmantha Chameera, Thaveen Dhananjaya, Hansaja Bandara, Thiloka Meemanage, Gaveesha Buddhimal, Sudam Silva, Sithija Silva, Sasun Wijerathne, Damith Madhusanka, Moksha Samarakoon, Anupa Hettiarachchi, Tasitha Chamara, Abhishek Anandakumar, Gajitha Kotuwegoda, Razan Rifay, Dileepa Jayalath, Adithya Siriwardana, Chamath Dilsara, Dumindu Sewmina, Dulaj Ashen and Nayana Samaraweera. Coach – Pradeep Nishantha.

Boardroom veteran Sriyan de Silva Wijeyeratne joins Lanka Aluminium Board

Lanka Aluminium Industries PLC has appointed Sriyan de Silva Wijeyeratne to its Board as an Independent Non-Executive Director.

De Silva Wijeyeratne has held several leading corporate and other roles across his multi-faceted career spanning over 30 years.

He played transformative roles during his tenures as the MD/ CEO of Teejay Lanka PLC, as MD of the Hemas Consumer Business and as Country Manager of Microsoft for nine years. Sriyan was also a previous Chairman/CEO of the Employees Trust Fund Board, a Marketing Director in telecommunication, a Group CEO in consumer electronics and managing FMCG Brands within Nestles. His current roles include that of Allianz Insurance, where he is an Independent Director and chairs the Audit Committee, and he is a past Chairman of Axion Solutions Ltd.

Sriyan obtained the All-Island No.1 ranking at the AL’s, possesses a First-Class Degree in Business Administration from the University of Sri Jayawardenapura and a Master’s Degree from the same university. He is also a recipient of the Pradeepa Pranama Award by the University Alumni association. He is a Fellow member of CIMA, UK, and is also a CGMA. Sriyan has several awards to his credit, had Executive education at many global institutions including INSEAD and CCL, and is a frequent speaker at leading forums locally and globally.

De Silva Wijeyeratne was previously named CIMA Business Manager of the Year, and he was listed on the CIMA Top 50 Business Icons in 2021. He is involved in many chambers and local and global charities. For many years, he was on the International Board of Youth Business International, UK, and he has served on several local Boards. He was President of the Wildlife and Nature Protection Society (WNPS) and is currently Chairman of their PLANT initiative (www.plantsl.org). He presently spends most of his time working on addressing broad conservation issues within Sri Lanka through practical responses on ground. He is a published photographer and passionate about travelling, music, and community work.

Top regional banker Anil Shah joins Union Bank Board

Union Bank of Colombo PLC has appointed Anil Shah to its Board as a Non-Independent Non-Executive Director.

Shah is a distinguished banking professional and leadership consultant with over three decades of experience in banking, finance, strategic leadership and business management across Nepal and South Asia. He has held several prominent leadership positions in the banking sector, including serving as Chief Executive Officer of Nabil Bank Limited, Nepal’s leading private sector bank, and Chief Executive Officer of Mega Bank Nepal Limited. Prior to these appointments, he served as Head of Consumer Banking and Chief Operating Officer of Standard Chartered Bank Nepal Limited.

Shah currently serves as Chairperson of Lead Nepal Inc., a leadership development organisation focused on nurturing future leaders and promoting inclusive growth. He also serves as a Non-Executive Director of Nabil Bank Limited and is actively engaged as an advisor and mentor to several educational, social and sustainability-focused organisations, including Teach for Nepal and WWF Nepal. He is a former President of the Nepal Bankers’ Association and has contributed to public policy and investment promotion initiatives through his association with the Nepal Investment Board.

Throughout his career, Shah has received numerous accolades in recognition of his leadership and contributions to the banking industry, including the Manager of the Year 2008 award conferred by the Management Association of Nepal, Top CEO awards in 2005, 2006 and 2007 and Asia’s Idol 2007 recognition by the Asia News Network. Under his leadership, Nabil Bank was awarded Bank of the Year 2004 by The Banker magazine of the Financial Times Group.

Shah holds a Bachelor of Business Administration in International Business Finance from the George Washington University, USA, and a Master of Business Administration from the Faculty of Management Studies, University of Delhi, India. He has also completed Executive Education in Leadership for the 21st Century at the John F. Kennedy School of Government, Harvard University.