Hosting LPL brings $ 12 m to the country – Director Dodanwela

The sixth edition of the Lanka Premier League (LPL) which kicks off at the SSC grounds today is more than the entertainment and cricket that will be dished out over the next three weeks at four venues.

By hosting the event the country benefits in more ways than one as Tournament Director Samantha Dodanwela pointed out.

“One of the most important thing is the revenue that LPL brings to the country by way of foreign currency that comes from the hotel industry, other merchandising, player payments, clothing, food, water etc. You are talking about approximately $12 million coming into the country,” Dodanwela told Daily FT.

“Also the publicity the country gets in the global arena when the matches are broadcast live all over the world. The viewer percentage has gone up drastically over the last couple of years. The foreign players who come here talk about the country which is another way of free publicity the country is getting. Playing at four venues also gives the foreign players the opportunity to see around the country.”

Dodanwela said that Sri Lanka Cricket (SLC) also benefits a lot by hosting the LPL each year.

“We started with $1.6 million and over the years it has accumulated to $3.2 million this year. That’s the event side fee the rights holder IPG (Innovative Production Group) pays SLC.”

Following the opening ceremony the first match of LPL-6 will take place between Jaffna Kings and Galle Gallants at 7.30 pm.

Describing how the LPL has expanded over the years since its inception in 2020, Dodanwela in his third year as Tournament Director said, “We started with one venue and then two venues. The tournament has moved forward now for the first time the matches are being played at four venues which is to give everyone in the country the opportunity to witness the matches and the players.”

The SSC will host the first five games after which the tournament moves to Dambulla where the next nine games will take place. Pallekele will host six matches and the R Premadasa Stadium the four knockout games including the final.

The impact player which is currently used in the IPL will be introduced in the LPL for the first time this year and the Power Blast Overs will continue for the second year.

“We introduced the Power Blast Over in 2024 and it went off very well, so we are continuing with it,” said Dodanwela.

In addition to the usual power play in the first six overs where the field restriction is only four fielders outside the 30-yard circle there will be an additional power play which is the Power Blast Overs where the 15th and 16th overs will have the same field restrictions.

“It is giving the batsman an additional two more overs to go after the bowling. It’s a good experience for the bowlers to see how they could curtail runs and that would help them when they play at international level,” said Dodanwela.

“For the first time we have introduced the Under23 Emerging Player which is compulsory for every team to play in the 11. One player should be in the playing 11 and 2 in the squad. The player has to be uncapped. If he is capped he cannot be considered as an Emerging Player although he is Under23.”

Dodanwela said the primary objective of the LPL is to give maximum exposure and opportunity to the younger cricketers to display their capabilities on the field and the global recognition they get.

“Some of the top players who are playing for the country started from the LPL. T20 cricket is becoming so popular whether we like it or not; that is the way forward. But unfortunately we are not doing that well in T20 Internationals. But the most important thing is for the cricketer to play alongside some of the top international players, the dressing room culture, on field behaviour, the toughness and all that is important. A lot of cricketers gain confidence playing in the LPL.”

“Although there are other franchise leagues happening elsewhere in the world, we have still been able to lure some of the top players, the latest addition being Shahin Shah Afridi who will play for Kandy Royals, and also players like Shakib Al Hasan and James Neesham to name a few.”

India’s NASSCOM launches Disha Mentorship Program in Sri Lanka to strengthen tech SME growth

India’s apex technology industry body, the National Association of Software and Service Companies (NASSCOM) yesterday launched its flagship Disha Mentorship Program in Sri Lanka, marking the first international expansion of the initiative and signalling a new phase in India-Sri Lanka technology collaboration focused on scaling technology small and medium enterprise (SMEs) through structured mentorship and cross-border partnerships.

Speaking at the launch, NASSCOM President Rajesh Nambiar said the future competitiveness of countries will increasingly depend on innovation, technology, talent, and international collaboration rather than traditional advantages such as market size or natural resources.

“India brings scale, deep technology expertise, and global market access, while Sri Lanka contributes exceptional talent, agility, innovation, and entrepreneurial capabilities. When we combine these strengths, we create opportunities that neither country can achieve alone,” he said.

Nambiar described Disha as more than a mentorship program, saying it creates meaningful relationships between experienced industry leaders and ambitious entrepreneurs to help young companies overcome business challenges, enter new markets, and think beyond their domestic boundaries.

He noted that while artificial intelligence (AI) has lowered barriers to innovation, technology alone is insufficient for business success.

“In the AI era, mentorship becomes even more valuable because success still depends on leadership, judgement, relationships, and strategic guidance,” he stressed.

Nambiar thanked the Government of Sri Lanka, the Indian High Commission, Sri Lanka Association for Software and Services Companies (SLASSCOM), NASSCOM’s SME Council, and other partner organisations for bringing the initiative to Sri Lanka, expressing confidence that the program would deepen long-term business ties while increasing awareness of Sri Lanka’s technology ecosystem among Indian companies and investors.

Indian High Commissioner Santosh Jha described the launch as a landmark in bilateral technology cooperation, noting that Sri Lanka is the first country outside India selected to host NASSCOM’s flagship mentorship initiative.

He said the program is designed to provide sustained guidance to entrepreneurs as they navigate the complex strategic decisions required to build successful businesses.

Jha also highlighted that the partnership is reciprocal, noting that several Sri Lankan entrepreneurs and technology leaders have already served as mentors to Indian SMEs.

He commended SLASSCOM, Hatch, TRACE Expert City, The Ceylon Chamber of Commerce, GAPCHECK, and other partners for identifying the inaugural cohort of 48 Sri Lankan technology SMEs.

Highlighting broader digital cooperation between the two countries, Jha pointed to the Sri Lanka Unique Digital Identity (SLUDI) project as a key foundation for digital inclusion and innovation, while identifying AI as another area where India and Sri Lanka can collaborate closely.

Encouraging participating companies to maximise the opportunity, he thanked NASSCOM for choosing Sri Lanka as the program’s first international destination.

Digital Economy Deputy Minister Eng. Eranga Weeraratne welcomed the initiative, describing it as timely as Sri Lanka shifts its focus from economic stabilisation towards growth, competitiveness, and employment generation.

While acknowledging Sri Lanka’s strong pool of technical talent, he said many technology companies continue to face challenges in commercial strategy, international market access, leadership development, innovation adoption, and business networking.

“Disha can bridge these gaps by connecting entrepreneurs with experienced mentors who can challenge assumptions, share practical lessons, provide strategic guidance, and expand business networks,” he said.

The Deputy Minister stressed that successful mentorship requires commitment from both mentors and entrepreneurs.

“Mentorship is a two-way commitment. Entrepreneurs must be willing to openly discuss their challenges, act on advice, and remain focused on measurable business outcomes,” he said.

He encouraged participating SMEs to use the program to strengthen their business models, refine market strategies, expand exports, build leadership capability, and accelerate growth.

According to Eng. Weeraratne, stronger technology SMEs will contribute significantly to employment creation, export earnings, digital transformation, and Sri Lanka’s broader ambition of building a competitive digital economy while reinforcing economic ties with India.

NASSCOM SME Council Chair Maulik Bhansali delivered a detailed presentation outlining the structure and objectives of the Disha Mentoring Program.

The launch concluded with a panel discussion on ‘Technology, Partnership and Market,’ featuring WSO2 Founder Sanjiva Weerawarana, InfoBeans Technologies Co-Founder Avinash Sethi, Hatch Co-Founder and Managing Director Jeevan Gnanam, Metacube Co-Founder and COO Parijat Agrawal, and Integra Software Services Managing Director and CEO Sriram Subramanya, moderated by PickMe Founder Jiffry Zulfer.

AMW transfers Solid Tyre Division to AGTL; paves way for BOI registration

Associated Motorways Ltd., (AMW) has formally transferred its Solid Tyre Division to wholly owned subsidiary AGTL (Associated Global Trading Ltd., marking a significant milestone in the company’s long-term growth strategy and a foundational step towards AGTL operating as a Board of Investment (BOI)-registered entity.

As a BOI-focused manufacturing entity, AGTL will be better positioned to expand production capacity, accelerate export growth, and strengthen strategic partnerships, building on its established presence in international markets to further position Sri Lanka as a competitive manufacturing hub.

AMW Managing Director Jawahar Ganesh said: “Formalising the transfer of our Solid Tyre Division to AGTL is a deliberate step in our broader strategy to build a more focused, investment-ready business. BOI registration opens a new set of opportunities, from expanded production capacity to deeper integration with global markets, and we are well positioned to capitalise on them. This is about ensuring AGTL has the right structure to grow on its own terms, with the full backing of AMW and Al-Futtaim behind it.”

This strategic move highlights AMW’s comprehensive business offering, which spans vehicle distribution, manufacturing, after-sales services, and retail. By streamlining operations and allowing AGTL to independently scale its export capabilities, AMW further strengthens its position as a leader in the automotive sector.

WP cuts taxes for entertainment, events

The Western Province (WP) Provincial Council has reduced entertainment tax rates applicable to cinemas, sporting events, and concerts held within the Colombo Municipal Council area under a new Gazette issued by Western Province Governor Hanif Yusoof.

Published in Gazette Extraordinary No. 2489/69 dated 22 May 2026, the revised tax schedule is based on a resolution approved by the Colombo Municipal Council on 31 December 2025 and lowers tax rates across nearly all categories.

Under the new rates, admission fees for permanent and temporary cinemas will be subject to a 7% entertainment tax, down from 10%. International sporting events will attract a 14% tax, reduced from 15%, while local sports competitions will be taxed at 7%, down from 10%. School-organised sporting events will be subject to a 6% tax, compared with 8% previously, while tournaments organised by school sports associations and higher educational institution student unions for student welfare will also be taxed at 6%, reduced from 7%.

Concerts featuring foreign artistes will be taxed at 10%, down from 15%, while concerts featuring local artistes will attract a 7% levy, compared with 15% previously. Dance performances, DJ events, and dinner dances without foreign artistes will be subject to an 8% entertainment tax, reduced from 15%.

A concessional 5% tax will apply to concerts organised by welfare societies, alumni associations, registered social organisations, schools and student unions for welfare purposes, as well as performances featuring local theatre songs and special one-time concerts by renowned artistes, down from the previous 10% rate.

The Gazette also retains a full entertainment tax exemption for concerts approved by the Chief Minister to raise funds for the medical treatment of seriously ill veteran artistes or for the final performance of a veteran artiste aged over 75 years, subject to the specified conditions.

Global banking, governance and regulatory to headline Sri Lanka Corporate Director Summit 2026

The Sri Lanka Corporate Director Summit 2026, organised by the Sri Lanka Institute of Directors (SLID), will be held on 22 July 2026 at the Cinnamon Grand Colombo under the theme “Future-Ready Sri Lankan Directors: From Compliance to Sustainable Growth.”

The Summit will bring together an exceptional gathering of global banking leaders, governance experts, regulators, legal authorities, diplomats, and corporate directors to exchange insights, share international best practices, and explore the evolving role of boards in building resilient, innovative, and sustainable organisations.

The Summit will feature an outstanding line-up of distinguished speakers, including HSBC Holdings PLC Independent Non-Executive Director and former Chairperson of J.P. Morgan South and Southeast Asia, and recipient of India’s prestigious Padma Shri Award (2024) Kalpana Morparia. She will deliver a keynote address on “The Changing Role of Bank Directors: From Fiduciary Oversight to Strategic Stewardship,” sharing perspectives from her distinguished career in global banking and board leadership.

Joining her will be two of Sri Lanka’s most respected corporate governance and legal experts- National Savings Bank and Tokyo Cement Company (Lanka) PLC Chairman Dr. Harsha Cabral, PC and CIC Holdings PLC and Sampath Bank PLC Chairman Harsha Amarasekera, PC.

Dr. Cabral, a leading corporate and commercial lawyer and a Chambers Asia-Pacific Band 1 ranked practitioner for Dispute Resolution, will deliver a keynote address titled “Beyond Compliance: How Boards Create Sustainable Value for All Stakeholders.” Drawing on his extensive experience in law, regulation, and board leadership, he will examine how directors can move beyond traditional compliance obligations to become catalysts for long-term value creation.

Amarasekera, one of Sri Lanka’s foremost authorities in commercial and securities law, with extensive experience serving on the boards of leading listed companies, will share his insights on corporate governance, accountability, and strategic board leadership in a rapidly changing business environment.

The program will also feature SEC Chairman Senior Professor Hareendra Dissabandara, whose extensive experience spanning academia, capital markets, regulation, and public policy will provide valuable perspectives during the panel discussion “Effective Boards Don’t Just Comply – They Lead.”

Adding an international diplomatic dimension to the Summit, Ambassador of the Republic of Türkiye to Sri Lanka Semih Lütfü Turgut will participate in the prestigious Directors’ Dialogue, sharing perspectives on global cooperation, leadership, and the importance of strong governance in an increasingly interconnected world.

The Sri Lanka Corporate Director Summit 2026 aims to strengthen investor confidence, promote governance excellence, and support Sri Lanka’s ambition to develop a more competitive, resilient, and sustainable corporate sector.

By bringing together eminent leaders from business, banking, law, regulation, academia, diplomacy, and international finance, the Summit will provide a unique platform for directors, CEOs, senior executives, policymakers, and governance professionals to engage with emerging trends, address boardroom challenges, and collectively shape the future of corporate leadership in Sri Lanka.

Fox Jaffna celebrates eight years of timeless heritage and purpose-driven hospitality

Over the past eight years, Fox Jaffna has welcomed tens of thousands of guests from around the world, establishing itself as one of Sri Lanka’s most distinctive heritage luxury hotels. Rooted in Jaffna’s cultural identity and colonial-era architecture, the property continues to deliver immersive guest experiences that blend authenticity, comfort, and a strong sense of place.

The hotel’s excellence has been recognised through multiple accolades, including three consecutive wins as Best Heritage Hotel in South Asia at the South Asian Travel Awards, the Sri Lanka Tourism Award 2024, and the Northern Province Tourism Award for Best Accommodation Provider in Sri Lanka, further reinforcing its position as a leading name in responsible and experiential tourism.

This year’s anniversary celebrations began with a multi-religious ceremony, symbolising unity, inclusivity, and respect for the cultural diversity of the region. This was followed by a staff appreciation lunch, honouring the dedication and contribution of the team behind Fox Jaffna’s continued success.

As part of its sustainability initiatives, eight mango trees were planted within the property-representing growth, renewal, and the deep agricultural and cultural connection of Jaffna. The celebrations also extended beyond the hotel, with the team visiting a nearby orphanage to share a meal and spend time with the children, reinforcing Fox Jaffna’s longstanding commitment to community care and social responsibility.

The event was graced by Capital Maharaja Group CEO Suresh Srinivasan and Fox Resorts CEO Chris Quyn, along with senior members of the Fox Resorts management team from Colombo and Kandy.

Srinivasan said: “Fox Jaffna continues to be a powerful expression of Sri Lanka’s cultural richness and hospitality excellence. It is not just a destination but a meaningful experience that brings together heritage, people, and purpose. We are proud of what it represents and the impact it continues to make in the Northern Province.”

Quyn said: “Celebrating eight years of Fox Jaffna is a reflection of the journey we have taken with our team, our guests, and our community. From planting mango trees to engaging with children, these moments define our philosophy that hospitality must go beyond service-it must create lasting value.”

The Capital Maharaja Group, through Fox Resorts, continues to strengthen its presence in Sri Lanka’s hospitality sector with a focus on sustainable tourism, cultural preservation, and community-driven growth.

University of Colombo MBA Alumni Association holds 29th AGM

The MBA Alumni Association (MBAAA) of the University of Colombo held its 29th Annual General Meeting on 25 June 2026 at Shangri-La Colombo, bringing together alumni, past presidents, trustees, members, academics and distinguished guests to review the Association’s achievements and outline its plans for the year ahead.

The event was graced by Chief Guest Controller General of the Department of Imports and Exports Control T. T. Upulmalee Premathilaka, while Vice Chancellor of the University of Colombo and Patron of the Association Prof. Indika Mahesh Karunathilake, attended as Guest of Honour.

A highlight of the evening was the induction of Thantrige Supeshala as President of the MBA Alumni Association for the year 2026/2027, succeeding Ajith De Silva. Supeshala becomes the Association’s 30th President and assumes leadership at a time when the MBAAA continues to strengthen its role as one of Sri Lanka’s leading professional alumni bodies.

A business leader and entrepreneur with over two decades of experience across finance, real estate, manufacturing and distribution, Supeshala is the Founder and Director of MyColomboProperties and previously served as Chief Financial Officer of Ferrero Lanka.

A graduate of the University of Colombo MBA program, he has been an active member of the MBA Alumni Association since 2012, serving in a number of leadership roles including Treasurer, Vice President and most recently Deputy President.

Presenting the Annual Report, outgoing President Ajith De Silva reflected on a successful year under the theme “Connected to Inspire: Professionalism Powering Progress.” During the year, the Association enhanced member engagement, professional development and industry dialogue through a range of initiatives, including the highly successful Post-Budget Forum 2026, the KuruMBA Cricket Tournament, membership development programs and university engagement activities. These initiatives reinforced the Association’s commitment to delivering value to its members and stakeholders while strengthening its longstanding relationship with the University of Colombo.

Addressing the membership following his induction, President Supeshala unveiled the theme for the year 2026/2027: “Connect, Collaborate and Create Impact.” He emphasised the importance of fostering stronger connections among alumni, encouraging collaboration across professions and industries, and creating meaningful impact for members, the University and the wider community. He noted that the MBAAA’s diverse network of accomplished professionals provides a unique platform for knowledge-sharing, innovation and professional growth.

Supeshala outlined plans to further strengthen member engagement, expand opportunities for networking and professional development, deepen collaboration with the University of Colombo and support initiatives that contribute positively to society. He also reaffirmed the Association’s commitment to mentoring future business leaders through engagement with MBA students and recent graduates.

A key priority for the coming year will be the continued strengthening of the Association’s flagship initiatives, particularly the widely recognised Post-Budget Forum, which has become a leading platform for dialogue between policymakers, business leaders, academics and professionals on Sri Lanka’s economic and fiscal direction. The Association also plans to expand its portfolio of thought-leadership and professional development initiatives, including the ESG Summit, networking forums and knowledge-sharing events.

Speaking at the event, Vice Chancellor Prof. Indika Mahesh Karunathilake commended the MBAAA for its continued contribution to the University and its alumni community, while highlighting the importance of strengthening engagement between the University, students and graduates.

Chief Guest Premathilaka shared reflections on her personal and professional journey in public service, highlighting how hard work, perseverance and merit enabled her to progress to positions of increasing responsibility. She encouraged members to embrace continuous learning, resilience and ethical leadership while striving for excellence in their professional lives.

The newly elected Executive Committee for 2026/2027 comprises Prabhath Gunawardhana (Deputy President), Nilanka Abeywickrama (Vice President), Chamindhri Wimaladharma (Secretary), Inok Perera (Treasurer), Mihidini Silva (Assistant Secretary) and Nissansala Nawarathne (Assistant Treasurer), together with a team of committee members representing diverse professional backgrounds.

Established to foster lifelong engagement among graduates of the University of Colombo MBA program, the MBAAA continues to promote learning, leadership, collaboration and service through professional forums, networking opportunities, community initiatives and support for the University. Under the theme “Connect, Collaborate and Create Impact,” the Association aims to further strengthen its alumni community while creating meaningful value for its members, the University and the broader business and professional community.

EY shines at CA Students’ Sports Tournament – Badminton 2026/27

EY celebrates an outstanding achievement at the CA Students’ Sports Tournament – Badminton 2026/27, held on 11 July 2026 at the Sri Lanka Badminton Federation.

The tournament brought together many talented and enthusiastic young players, creating an exciting platform to showcase skill, determination, and sportsmanship. Representing EY with great enthusiasm and team spirit, our participants delivered an exceptional performance throughout the competition.

Demonstrating perseverance, discipline, and a strong competitive edge, the EY team emerged as the Men’s Champions and Women’s Champions, while also securing the 2nd Runner-Up position in the Men’s category. These achievements reflect not only the talent of the team’s players but also their dedication and commitment both on and off the court.

EY is proud of their participants for their outstanding performance and for bringing home the Men’s and Women’s Championship titles and the 2nd Runner-Up position. These achievements reflect the talent, teamwork, and dedication of their people, and the team looks forward to celebrating many more successes in the future.

Carey OBU President unveils vision for the future of Carey College

Carey College Old Boys’ Union President Mervyn recently outlined the Old Boys’ Union’s vision to transform the College through several landmark initiatives, including the modernisation of the school hall into a state-of-the-art auditorium, the construction of a swimming pool, and the acquisition of a school bus to support the expanding needs of the College.

Speaking at the opening of the OBU-facilitated Carey Lounge, Ponniah announced four major strategic projects aimed at elevating its infrastructure: *The Carey College Auditorium – A transformation of the Existing Hall; The Swimming Pool – A new State of the art Swimming Pool; The Carey College AC Bus – An upgrade to existing facility and The Lighting of the Carey Basketball Arena – An upgrade to existing facility.

He called upon Careyites around the world to renew their bond with their alma mater, reminding them that every contribution, regardless of its size, is an investment in the future of over 1,250 students. He said that by working together with a shared sense of pride and belonging, Carey College can continue its journey of growth and become an institution that every Careyite will be proud to call their own.

CAA raids private hospitals and labs; uncovers expired, unfit medical testing materials

The Consumer Affairs Authority (CAA) has uncovered expired and unfit medical laboratory materials during a series of special raids on private hospitals and medical laboratories across the country, raising concerns over compliance with health and consumer protection standards.

The authority said it carried out 52 inspections covering all districts as part of a nationwide enforcement operation aimed at protecting consumer health and safety.

According to the CAA, inspections revealed serious non-compliance at several institutions, including the storage and use of expired laboratory materials alongside items currently in use.

Among the materials found to be unfit for use were blood glucose testing kits, dengue diagnostic test kits, laboratory chemicals, gels used for cardiac patients, dye solutions and other laboratory consumables used in medical examinations.

“The seized materials have been taken into the custody of investigating officers, while further investigations are underway,” the CAA said.

The authority said legal action would be instituted against the relevant institutions under the Consumer Affairs Authority Act.

It also said similar island wide inspections would continue as part of ongoing efforts to safeguard public health and consumer safety.

COMMENTS

Please enable JavaScript to view the comments powered by Disqus.

Group Sites

Dailymirror

Lankadeepa

Ada

Sunday Times

Tamil Mirror

Deshaya

Middleast Lankadeepa

Mirror Edu

Life Online

Hi Online

LW

Kelimandala

Wijeya

Wedo

wnow

E-papers

Dailymirror

Lankadeepa

Sunday Lankadeepa

Sunday Times

Ada

Tamil Mirror

Classified

Hitad

Timesjobs

Services

E-Paper

Home delivery

Advertise with us

Mobile Apps

feedback

Archive

Contact us

Editorial :

+94 0112 479 356 , +94 0112 479 780

+94 0112 447 848

Technical :

+94 011 247 9437

[email protected]

[email protected]

Marketing :

+94 011 247 9540

+94 011 247 9873

Web Advertising Inquiry :

Dilan : +94 77 372 7288

Print Advertising :

Chameen Dayarathne,

Manager – Marketing,

: 076 928 5885 / 011 247 9597

: [email protected]

Mr Channa Jayasinghe,

General Manager: Sales and Marketing

: +94 777 880 155

: [email protected]

HOME

HOME DELIVERY

WNL HOME

ARCHIVES

FEEDBACK

ADVERTISING

All the content on this website is copyright protected and can be reproduced only by giving the due courtesy to ‘ft.lk’ Copyright ? 2004 Wijeya Newspapers Ltd.