Category: Daily Financial Times

Fighting bribery and corruption is a common topic which dominates the political discourse in Sri Lanka. The significance of punishing those who were involved in bribery and corruption figured prominently at the last Presidential election. The anger towards the country’s political class for alleged corruption intensified with the onset of the 2022 economic crisis. Politicians by and large are viewed as corrupt and untrustworthy by the society.

It has often been said that it takes two individuals to commit an act of corruption and do not be one of them. The willingness of the public to pay bribes to dishonest public officials and political agents has contributed in no small measure towards the non-ending cycle of corruption and graft in Sri Lanka.

Bribery and corruption is a malaise which is rampant and widespread throughout the Sri Lankan society and it is not only confined to the island’s political class. Although much attention and scrutiny takes place on the corrupt activities of politicians, adequate attention is not paid towards the financial misconduct of officials in the public sector. The truth of the matter is that corruption among bureaucrats is more endemic and severe than corruption which is prevalent within the political system.

According to a survey conducted by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) last year, the Sri Lankan public perceives Police as the most corruption-prone institution in the country followed by the Customs, Department of Immigration and Emigration, Education Ministry and schools, the Land Registry, Provincial Councils, the Foreign Employment Bureau, Divisional Secretariats, Registrar General’s Department and the Judiciary. Meanwhile, underhand activities of Customs, Inland Revenue Department and provincial revenue offices, Excise Department, Immigration and Emigration, as well as the Department of Motor Traffic had been recognised as having the worst impact on the national economy.

Corruption in customs authorities is a worldwide issue arising from complex laws, high official discretion, and organised networks. Under-invoicing and smuggling are regular malpractices in Sri Lanka owing to the misconduct of Customs authorities that result in loss of valuable tax revenue to the national coffers. Corruption in customs authorities stifles private investments and raises cost of doing business, causing a drag on economic growth. Unfortunately, Customs Department in Sri Lanka is synonymous with bribery and corruption. Last year, the Colombo High Court sentenced four former Sri Lanka Customs officials to 35 years in prison for soliciting a Rs. 150 million bribe and accepting Rs. 125 million to release bus spare parts for the Sri Lanka Transport Board.

The gravity and scale of corruption in top State revenue-earning agencies like Customs, Inland Revenue, and Excise forced the IMF to urge the Government to establish internal affairs units in the respective institutions to investigate allegations of corruption against officials by the general public. As per the IMF’s Governance Diagnostic Assessment for Sri Lanka, exposure to corruption in customs and tax administration is substantial, given the absence of effective systems for performance monitoring and detecting and sanctioning officials for improper behaviour.

The Customs Ordinance gives Customs officers extensive powers, allowing them to act as judge and jury without judicial oversight. The extensive powers granted by the Customs Ordinance have been cited as one of the prime reasons for high level of corruption in the agency associated with cross border trade. Many attempts to amend the Customs Ordinance of 1869 have been met with stiff resistance from powerful trade unions linked to the Department.

Corruption in agencies like Customs and Inland Revenue cannot continue without the involvement of the private sector. Leaders in the private sector must also look into their mirrors when blaming the public sector for corruption. Eradicating corruption in Asian countries requires a considerable effort and sacrifice. Having stringent laws alone is not sufficient to fight this human misdeed and a fundamental change in attitudes across the society is sine qua non.

Colombo’s dining scene welcomes a powerful new addition with the launch of Baihu, co-founded by Sanka Abeywarna, Karl Kao and Kaeshavie Parinathan.

Baihu is a Pan-Asian restaurant inspired by the legendary White Tiger of Chinese mythology. Located on Stratford Avenue, Baihu brings together bold flavours, modern design and a refreshing BYOB concept, offering guests a unique space to gather, celebrate, and connect.

The name Baihu meaning White Tiger, comes from the ancient guardian of the West-a mythical creature symbolising courage, elegance and cosmic balance. This legend is not just a name but the foundation of the restaurant’s identity, reflected in its culinary philosophy, interior design and storytelling.

Baihu Director and Co-Founder Karl Kao said, ‘This restaurant is all about three friends from three different backgrounds coming together as one to launch a concept for Pan-Asian flavours and introducing a subculture in BYOB for families and like-minded people to gather over food and flavours.’

The Baihu menu is a vibrant showcase of Asia’s culinary diversity with over 40 carefully curated dishes. Highlights include Baihu Signature Yang Chow Fried Rice, Bao Buns, Dumpling Selections and Whole Fried Snapper served with signature sauces. Guests can journey through flavours inspired by Chinese, Japanese, Korean, Cambodian, Malaysian and Singaporean cuisines, each dish balancing authenticity and innovation.

One of Baihu’s most distinctive features is its BYOB (Bring Your Own Bottle) concept, an emerging subculture in Colombo’s dining landscape. By inviting guests to bring their own wine, spirits, or champagne, Baihu creates a dining environment that is both casual and elevated-encouraging personal expression, affordability and shared experiences at the table.

The interiors at Baihu complete the experience, blending clean modern design with subtle Eastern symbolism. The result is a space that feels vibrant yet intimate, designed for everything from family dinners to social celebrations and memorable evenings with friends.

The Bar Association of Sri Lanka (BASL) celebrated its Golden Jubilee year with a bell-ringing at the Colombo Stock Exchange (CSE) on 7 October 2025, symbolising the enduring partnership between the legal profession and the financial markets in driving Sri Lanka’s progress.

BASL President Rajeev Amarasuriya reflected on the association’s fifty-year journey since the formal adoption of its constitution in November 1974 and the convening of its first Bar Council meeting in June 1975, when Dr. H. W. Jayewardene, QC, served as its first President. He emphasised the BASL’s historic and continuing role in safeguarding judicial independence, human rights, and the rule of law.

Amarasuriya observed that, ‘the rule of law and the rule of markets are inseparable,’ noting that the CSE’s recent record performance reflects investor confidence built on institutional trust and legal certainty. He reminded that both institutions ‘carry the duty to see Sri Lanka advance to the status of a developed nation – one built on fairness, integrity, and opportunity.

CSE CEO Rajeeva Bandaranaike, lauded the Bar Association’s ‘enduring commitment to professionalism, integrity and upholding the rule of law’ and noted that, ‘both institutions share a singular mission to uphold trust – trust in markets, trust in institutions, and trust in systems that power national growth.’ He highlighted the critical role played by the legal profession in the growing capital market, and called for greater collaboration between the legal profession, the Colombo Stock Exchange, and the wider economy.

CSE Chairman Dimuthu Abeyesekera, and other members of CSE senior management represented the CSE, while BASL Secretary Chathura Galhena, members of the BASL Executive Committee and the legal profession represented the BASL.

The event concluded with the ceremonial ringing of the market-opening bell – a resonant symbol of unity between justice and development.

This October, elevate your dining experience as Yoroko, perched high above the city on Level 23 at Cinnamon Life at City of Dreams, unveils an exclusive Yakitori Week-a seven-day culinary celebration of Japan’s beloved charcoal-grilled delicacy. From 15 to 21 October, guests are invited to savour a specially curated yakitori platter priced at Rs. 6,000 designed for those who appreciate artisanship, authenticity, and flavour at its finest.

Yakitori-literally meaning ‘grilled bird’ – is not simply food; it is a ritual of fire, smoke, and flavour that has delighted Japan for centuries. At Yoroko, each skewer is prepared with meticulous care, using premium chicken cuts kissed by the heat of traditional charcoal, allowing every piece to emerge with a delicate smokiness and irresistible tenderness.

The platter takes diners on a journey through six distinct cuts, each offering its own story. From the succulent thigh and the light, smoky breast to the golden crackle of crispy skin, every bite is an ode to texture and taste. For those who seek more adventurous flavours, the rich heart and the chewy gizzard bring a depth of character, while the charred wings deliver a juicy and satisfying finale. To heighten the experience, the skewers are paired with up to two portions of fragrant garlic rice-buttery, aromatic and the perfect partner to the smoky richness of the grill.

‘At Yoroko, we reimagine Japanese cuisine with respect for its traditions, while giving it a modern and creative lens,’ says Chef Raisha Fajar. ‘Yakitori Week is more than just dining. It is about creating a sensory journey that embodies joy, sharing, and discovery, inspired by the very essence of our name, yorokobi, meaning joy in Japanese.’

With its breath-taking panoramic views of Colombo, Yoroko is the ultimate setting to immerse yourself in this celebration of Japanese flavours. Whether gathering with friends, sharing a special evening with family, or seeking an unforgettable culinary moment, this limited-time event offers an unparalleled blend of authenticity and artistry.

The third edition of the mega Sri Lanka promotional event in Milan, themed ‘Sri Lanka: A Cultural Odyssey’ was held on 27 and 28 September at Merlata Bloom Shopping Centre-one of Milan’s most iconic lifestyle and retail destinations.

The event was organised for the third consecutive year by the Consulate General of Sri Lanka in Milan. This year’s program was organised with the collaboration of Merlata Bloom Milano Shopping Centre.

Building on the success of the previous Sri Lanka Festivals in Milan hosted in 2023 and 2024 at the iconic Sempione Park, this year’s edition was designed to expand its reach by moving into a high-footfall indoor venue. The modern, vibrant atmosphere of Merlata Bloom provided the perfect backdrop to showcase Sri Lanka’s timeless cultural heritage in a contemporary setting. The two-day festival recorded an unprecedented 83,000 visitors, significantly surpassing the Centre’s average weekend footfall of 63,000, making it one of the largest cultural showcases ever hosted at Merlata Bloom.

Merlata Bloom Milano, spanning over 70,000 square meters with more than 200 shops, is known for attracting a younger, urban and affluent crowd, making it an ideal platform for high-profile cultural, lifestyle and promotional events. The Sri Lanka Festival’s presence in such a premium venue ensured broad visibility among Milanese professionals, trendsetters and tourists alike.

The primary objectives of this year’s event were to enhance awareness among Italians of Sri Lanka’s rich cultural heritage, diverse aesthetic traditions, gastronomy and natural beauty, while also further strengthening cultural ties between the two countries and promoting Sri Lanka as a distinctive travel and trade destination. The promotional event featured cultural performances throughout two days, along with more than 15 stalls showcasing Sri Lankan cuisine, Ceylon tea, Sri Lankan-flavoured ice cream, wellness traditions, batik and handicrafts, spices and ready-to-eat food, gems and jewellery, in addition to the Sri Lankan tour operators.

Visitors were largely fascinated by several photo-booth arrangements especially with the models of life-sized elephant family and traditional Sri Lankan masks. The photography exhibition depicting Sri Lanka’s landscapes and cultural icons generated widespread interest among visitors of all ages. Fascinating Sri Lankan cultural performances spread throughout the shopping centre gave shoppers an immersive cultural experience. Visitors were also invited to try simple dance steps with our dancers.

With its record-breaking attendance and diverse cultural showcase, this year’s Sri Lanka promotional event held at Merlata Bloom Shopping Centre became a resounding success. Witnessing this success, the management of Merlata Bloom reaffirmed their interest in continuing such collaborative cultural and promotional initiatives, recognising the event as a true win-win platform that enriches the Centre’s cosmopolitan profile while amplifying Sri Lanka’s image overseas.

Akuru Collective, a collective of people coming together to inspire interest in letterform and typography, launches its 7th edition of the ’30 Days of Akuru’ challenge, an initiative exploring the artistic boundaries of Sinhala and Tamil letterforms.

On until 30 October, this annual event invites letterform enthusiasts worldwide, including designers, illustrators, typographers, and writers, to submit their unique interpretations of the Sri Lankan letterforms.

Since its inception in 2019, ’30 Days of Akuru’ has grown into a vibrant community project, inspiring thousands to experiment and push the limits of Sinhala and Tamil script design. Through this challenge, Akuru Collective strives to inspire the growth of typographic arts in Sri Lanka by offering participants an opportunity to express their cultural roots through individual artistic styles.

30 Days of Akuru Founder and Community Manager Vihanga Samaradiwakara stated, ‘We started the ’30 Days of Akuru’ challenge to offer letter enthusiasts a chance to explore their talent while honouring Sri Lankan heritage. What began as a local passion project has now grown into a global movement, connecting artists worldwide who share a deep love for letterforms. We are driven by the increasing submissions this year and aim to create more opportunities for engagement and collaboration, ensuring our letterforms continue to inspire generations ahead.’

Building on Vihanga’s thoughts on the challenge, Akuru Collective Co-founder Pathum Egodawatta shared, ‘Through this initiative, Akuru Collective continues to build on a network of a community, and the beauty of this initiative is how it invites everyone, from seasoned artists to beginners, to explore letterforms in their own way. This challenge isn’t just about perfect letterforms; it’s about personal expression and the joy of creating together.’

Akuru Collective invites all artists, designers, and letterform enthusiasts to partake in the 30 Days of Akuru challenge. To participate, simply follow the calendar of letters displayed on the official page, post your work on Instagram or Facebook, tag @30daysakuru, and include the hashtag #30DaysofAkuru.

Domino’s has expanded its offering in Sri Lanka with the launch of first-ever burger platform-The Dominator. This marks a milestone for the brand, introducing burgers to the Sri Lankan market for the very first time, while staying true to its promise of freshness and quality delivered ‘from our oven to your hands.’

The move comes as demand for high-quality, innovative quick-service meals continues to grow in Sri Lanka. Domino’s identified an opportunity to meet this demand with a burger platform that emphasises freshness, bold flavours, and an elevated consumer experience.

At the heart of The Dominator is the freshly baked bun, prepared in Domino’s own factories and sprinkled with herbs for added flavour. Every burger is crafted in-store with Domino’s signature touch, combining two types of cheese sauces, ketchup, mustard, and fresh vegetables including onion, tomato, and jalapeños.

The Crispy Chicken Burger, priced at Rs. 1,399, features a crispy chicken thigh fillet paired with crunchy grilled vegetables and rich sauces. The Mexican Chicken Burger, priced at Rs. 999, offers a Tex-Mex inspired flavour profile with seasoned Mexican chicken, jalapeños, and layers of cheese and sauces. Customers can also create a full meal by adding potato wedges and a Pepsi for just Rs. 199.

Domino’s Sri Lanka Director/Country Head Vijaya Bhaskar said: ‘The Dominator represents an important step in our journey to diversify the Domino’s experience in Sri Lanka. Burgers are a growing category in the market, and we are confident that our unique approach – from baking herb-infused buns to preparing each burger fresh in-store – will set a new standard for quality and taste. This launch gives our customers greater choice while staying true to the core values that define Domino’s.’

With the introduction of The Dominator, Domino’s reinforces its commitment to innovation and growth in Sri Lanka. By expanding beyond its iconic pizzas, the brand is responding to evolving consumer preferences while ensuring that quality, freshness, and value remain at the heart of every product.

People’s Bank has broadened its Remittance Partnership with Japan Remit Finance Company Ltd., recently.

Japan Remit Finance Company Ltd., (JRF) has been one of People’s Bank’s prime remittance partners in Japan since May 2020.

This collaboration has enabled seamless and efficient fund transfers from Japan to Sri Lanka, reaffirming People’s Bank’s commitment to providing convenient banking solutions for Sri Lankans living and working overseas.

Recently, a delegation from JRF, led by Sri Lanka Branch Manager and official JRF representative in Japan, R.M. Tharanga Ranajeewa Bandara, visited the People’s Bank Head Office in Colombo 02. The delegation held discussions with Chief Executive Officer/General Manager Clive Fonseka, Deputy General Manager – Retail Banking and Overseas Customer Services Aruni Liyanagunawardana, and other senior officials. The focus of the discussions was on strengthening cooperation, enhancing service efficiency, and introducing advanced digital solutions for cross-border transfers.

Japan Remit Finance Company Ltd., established in 2011, has earned a strong reputation as a trusted and well-established financial service provider in Japan. Through its efficient remittance solutions, JRF has become the most preferred choice for Sri Lankan expatriates seeking secure, cost effective and instant money transfers. A highlight of the service is the JRF Mobile App Wallet, which allows customers to deposit funds, withdraw cash, and transfer money directly from their Japanese bank accounts. Remittances are credited instantly to beneficiary accounts in Sri Lanka in LKR, USD, and JPY, while a convenient cash pickup service is also available. Customers further benefit from incentives such as zero service charges on the first transaction, attractive referral rewards, competitive exchange rates, low service fees, and 24/7 multilingual support in Sinhala, English, and Japanese.

Beyond remittances, JRF provides access to a range of broader financial services for Sri Lankans in Japan, including the ability to open People’s Bank accounts in LKR, JPY, and USD, as well as fixed deposits, loans, and investment opportunities through JRF Capital. Customers can also enjoy secure digital payments via JRF Pay.

Further diversifying its services, JRF caters to the Sri Lankan community in Japan through JRF Mobile (SIM cards and Wi-Fi solutions), JRF Umart (an online marketplace), and JRF Intelligence (recruitment and HR solutions). With a growing international presence, including operations in South Korea and Canada, JRF continues to expand its service delivery to the global Sri Lankan diaspora.

Through People’s Bank’s advanced remittance systems, transfers are processed in real time, ensuring maximum convenience, security, and efficiency. Serving over 15.2 million customers nationwide, with an asset base exceeding Rs. 3.0 trillion and a dedicated workforce of nearly 8,000 employees across 750 branches and service centres, People’s Bank remains one of the country’s most trusted financial institutions.

The Bank also offers special loan schemes designed exclusively for Sri Lankan expatriates, enabling access to affordable housing, investment, education, and personal loans in Sri Lanka with flexible repayment options directly through their remittances.

Belle Colombo, dining destination and steakhouse, brought together a selected group of culinary enthusiasts on 1 October for an exclusive Chef’s Table evening that redefined the essence of fine dining.

Set against the sophisticated backdrop of Belle Colombo’s contemporary interiors at Horton Place, the evening was a celebration of creativity, artistry, and indigenous flavours interpreted through a modern lens. Guests were welcomed into an intimate setting that blended understated elegance with warm hospitality, immediately setting the tone for a remarkable night.

The highlight of the event was an exquisite eight-course tasting menu curated by Head Chef Wishmalak, with the option of expertly paired wines to enhance the journey. Each course was presented as a masterpiece, reflecting not only impeccable technique but also a deep respect for local ingredients. The progression of flavours transported diners through a spectrum of textures, aromas, and sensations-leaving many in awe of the artistry and passion infused into every detail.

‘Every dish we create at Belle Colombo is a story,’ said Belle Colombo Head Chef, Chef Wishmalak. ‘With this Chef’s Table, we wanted to take our guests on a journey where indigenous flavours meet modern innovation, creating an experience that is both personal and memorable.’

From delicate amuse-bouches to bold signature creations, the menu revealed a seamless balance between innovation and authenticity. Every dish carried a story, echoing the restaurant’s philosophy of offering ‘an indigenous interpretation of modern cuisine.’ The curated wine pairings added depth and harmony, further elevating the culinary narrative of the evening. Beyond the exceptional food, the ambience at Belle Colombo played a defining role in shaping the experience. Designed to draw focus to the artistry unfolding on the plate while offering the exclusivity of a private gathering, the restaurant created a setting where refined hospitality met modern sophistication. ‘Belle Colombo is more than just a restaurant-it is an experience,’ said Belle Colombo Founder Oshan. ‘Our vision is to bring together refined hospitality, exquisite flavours, and modern artistry to create moments that stay with our guests long after they leave. Being Colombo’s newly opened steakhouse, we are proud to offer inclusivity without compromising on taste, quality, or luxury.’

The Chef’s Table marked a milestone for Belle Colombo, establishing its entry into the city’s dining scene as a pioneering presence in elevated gastronomy. With its vision of transforming indigenous culinary traditions into modern expressions, Belle Colombo is set to become a sought-after destination for both local gourmands and international visitors seeking refined yet soulful dining.

UN-Habitat, together with the National Water Supply and Drainage Board (NWSDB), has officially launched a new project in Sri Lanka titled ‘Safe and Resilient Water Supply for Western Cities – Integrating Climate Resilience into Water Safety Plans of the Ambatale Water Supply Scheme.’

This project is funded through a $ 469,232 (Rs. 142 million) grant from the Coalition for Disaster Resilient Infrastructure’s (CDRI) trust fund, the Infrastructure Resilience Accelerator Fund (IRAF), with financial support from the Government of India.

The project was officially launched at Temple Trees, the Prime Minister’s Office, during the national World Habitat Day celebrations organised by the Urban Development, Construction and Housing Ministry.

The project document was officially handed over to President Anura Kumara Disanayake by CDRI Director – Advocacy and Communications David White and UN-Habitat Country Program Manager for Sri Lanka Harshini Halangode.

Urban Development, Construction and Housing Minister Anura Karunathilaka, Deputy Minister T.B. Sarath, Secretary Ranjith Ariyaratne, Indian High Commission in Sri Lanka First Secretary (Pol.) Navya Singla were also present at the ceremony.

This project aims to improve the catchment management capacities of urban local authorities in Colombo, Kotte, and Kelaniya and the early warning capacities of the NWSDB to increase the resilience of operations and maintenance of the Ambatale Water Supply Scheme, protecting it from climate change induced floods and droughts.

This project will support the NWSDB to align with Edition II of the World Health Organisation’s Water Safety Plan (WSP) Manual, enabling upscaling at a national level. The project will be jointly implemented by UN-Habitat and the NWSDB from 2025 to 2027.

White said: ‘We are pleased to support UN-Habitat and the NWSDB in driving Sri Lanka’s vital journey towards climate resilience. This project exemplifies the collaborative spirit and forward-thinking innovation that the CDRI is committed to championing on a global scale for urban resilience.’

Halangode said: ‘This project will protect over 2 million people in Greater Colombo who depend on the Ambatale Water Supply Scheme. Rising pollution, floods, and droughts threaten daily water supply, making this initiative essential for safe, reliable, and climate-resilient water for the city and surrounding areas.’