Shanakiyan questions mineral licences, seeks transparency on foreign investor gains

Ilankai Tamil Arasu Kachchi (ITAK) MP Shanakiyan Rasamanickam last week called for greater transparency over the country’s mineral exploration and mining sector, raising concerns in Parliament about whether foreign-linked companies are profiting from the country’s mineral resources without delivering adequate benefits to the public.

In a post on ‘X,’ Rasamanickam noted he questioned the Government on its National Mineral Policy and the issuance of mineral exploration and mining licences. Among the issues raised was whether companies that secured exploration rights had subsequently used those licences to raise capital, attract investors, transfer ownership interests, or obtain listings on foreign stock exchanges.

He also sought information on royalty income earned by the State, environmental assessments related to mining activities, pending licence applications, and concerns raised by communities in areas including Vakarai, Thirukkovil, and Akkaraipattu.

According to Rasamanickam, the Minister was unable to provide answers during the parliamentary session and requested two weeks to respond.

‘Before more licences are issued, the public deserves to know who is benefitting from Sri Lanka’s mineral wealth and whether the economic returns justify the environmental and social costs borne by local communities,’ he added.

CICT wins AFLAS Award for 10th consecutive year

Colombo International Container Terminals (CICT) has been named Best Container Terminal – Asia (Under 4 million TEUs) at the 2026 Asian Freight, Logistics and Supply Chain (AFLAS) Awards, becoming the first terminal to secure the prestigious title for 10 consecutive years.

The achievement reinforces CICT’s standing among Asia’s leading container terminals while further strengthening Colombo’s position as a premier regional transhipment hub.

The award was presented at the AFLAS Awards ceremony held on 24 June 2026 in Shanghai, where leading freight, logistics and supply chain organisations from across the Asia-Pacific region were recognised for excellence in service, operational performance, innovation and customer satisfaction.

The milestone reflects a decade of consistent recognition from customers and industry stakeholders across the region, affirming CICT’s reputation as a trusted gateway for global shipping lines and cargo owners serving South Asia and the Indian Ocean.

CICT Chief Executive Officer Jan Zhang said: ‘Winning the AFLAS Award for the 10th consecutive year is a significant achievement not only for CICT, but also for Sri Lanka’s maritime industry. This recognition reflects a decade of consistent performance, customer confidence and operational excellence. It is also a testament to the strategic leadership and strong support of China Merchants Port Group, together with the continued guidance and partnership of the Sri Lanka Ports Authority. Together, we have built a terminal that continues to set high standards in operational excellence, service quality and innovation while strengthening Colombo’s competitiveness as a leading maritime hub in the region. As global supply chains continue to evolve, we remain committed to investing in technology, people and sustainable development to create greater value for our customers and stakeholders.’

Hosted annually by Asia Cargo News, the AFLAS Awards are among the freight and logistics industry’s most respected accolades. Winners are selected through a rigorous three-stage process comprising industry nominations, technical evaluation and final voting by freight forwarders, logistics professionals, shippers and supply chain stakeholders from across Asia and the Pacific.

Since commencing full operations in 2014, CICT has grown from handling approximately 680,000 TEUs in its first year to processing more than 3 million TEUs annually, making it one of South Asia’s largest and most efficient container terminals. Today, the terminal handles a significant share of the Port of Colombo’s container throughput and plays a pivotal role in sustaining Colombo’s position as one of the Indian Ocean’s leading transhipment hubs.

As a member enterprise of China Merchants Port Group and a landmark public-private partnership with the Sri Lanka Ports Authority, CICT combines international port management expertise with Sri Lanka’s maritime strengths to operate one of South Asia’s most advanced deep-water container terminals. The continued strategic leadership of China Merchants Port Group and the guidance and partnership of the Sri Lanka Ports Authority have been instrumental in driving CICT’s sustained operational excellence, long-term growth and international competitiveness.

CICT’s world-class infrastructure includes an 18-metre-deep quay, 1,200 metres of berth length, 14 quay cranes and 46 electric RTG cranes. Supported by strong quay crane productivity, high operational efficiency and competitive vessel handling performance, the terminal accommodates some of the world’s largest container vessels while delivering reliable, efficient and customer-focused service.

As part of its long-term development strategy, CICT continues to advance its smart port transformation through investments in equipment electrification, digitalisation and AI-enabled operational improvements. These initiatives are enhancing productivity, optimising asset utilisation, improving energy efficiency and strengthening service reliability, while supporting the terminal’s sustainability objectives and its ability to meet the evolving needs of global shipping lines and cargo owners.

The latest AFLAS recognition not only celebrates CICT’s sustained commitment to operational excellence, innovation and customer service, but also reflects the growing competitiveness of Sri Lanka’s maritime and logistics sector and the success of the long-standing partnership between China Merchants Port Group and the Sri Lanka Ports Authority in positioning Colombo as one of the Indian Ocean’s leading transhipment hubs.

CICT is a joint venture between China Merchants Port Holdings Company Ltd., and the Sri Lanka Ports Authority (SLPA). Developed under the Colombo South Harbour Expansion Project on a 35-year Build-Operate-Transfer (BOT) agreement, CICT operates South Asia’s first deep-water container terminal capable of handling the world’s largest container vessels.

Daree or The Cave by Bertram Nihal: Has it created a new genre to take Sinhala cinema to the world?

The trio, Dr. Bandula Gunawardena, H. D. Premasiri, and Ravindra Guruge, have done it again.

Out of sheer generosity, rather than any expectation of profit, they have jointly financed a new Sinhala film, since making money is uncertain in the kind of cinema they choose to support. In the past, each of them has been at the forefront of financing more than a dozen artistic Sinhala films. This time, their support has gone to the celebrated teledrama director Dr. Bertram Nihal, who has adapted for the screen Upananda Welikala’s award-winning novel Karma Charikawa, or A Karmic Travel.

The poetic meaning of the Sinhala title Daree is ‘daughter’, but Nihal has chosen the English title The Cave. For the uninitiated moviegoer, who expects everything to be stated directly, this may at first appear confusing. If a film requires the viewer to do a little research to discover the meaning intended by its creator, the initial enjoyment may be affected. Yet, once the connection between the Sinhala and English titles is discovered, it deepens the viewer’s appreciation of the film.

The daughter is the central character around whom the plot is woven; she is also the victim. The cave, by contrast, is a metaphor for the place where truth is hidden: the dark depths of human consciousness and memory. In that sense, the title relates directly to Buddhist philosophy, in which a karmic act committed by a person follows them throughout life, just as the wheel of a cart follows the cart. There is no way to keep it secret.

As Nihal tells us through the words of the chief incumbent of the forest meditation centre, only the dead can keep a secret. However hard we try to conceal it, our own mind, driven by a guilt complex, brings it back to the surface, like a rubber ball pushed under water that rises again once the force holding it down is released.

Movies to promote services sector exports

Since Sri Lanka’s merchandise exports appear to have reached their natural limit, the country is now planning to concentrate on developing the services sector as a potential source of export earnings.

However, the Government’s new Export Development Plan for 2026-2030 does not recognise entertainment, or movies, as a direct contributor to the growth of the country’s services sector.

Instead, it has identified information technology and wellness tourism as priority areas, along with several non-traditional merchandise sectors such as auto components, mineral-based industries, rubber-based industries, marine-based industries, spices and concentrates, electrical and electronic components, and processed food and beverages.

These sectors require the application of advanced technology to produce for global markets and are currently dominated by developed countries that possess such technology and continuously update it. In this context, the development of the entertainment sector, especially movie production for global markets, is an area that should receive the attention of policymakers.

Since Sri Lanka’s merchandise exports appear to have reached their natural limit, the country is now planning to concentrate on developing the services sector as a potential source of export earnings. However, the Government’s new Export Development Plan for 2026-2030 does not recognise entertainment, or movies, as a direct contributor to the growth of the country’s services sector

Global movie marketorsing award-winning filmmaker Asoka Handagama’s proposal to establish a Sri Lankan-style Oscar award system, I argued as far back as 20131 that Sri Lanka should consider promoting movie exports to the rest of the world as a means of diversifying the country’s services exports.

Handagama had presented an unconventional blueprint for developing Sri Lanka’s movie industry, not merely for domestic consumption but also to meet demand in global markets, a suggestion that critics might describe as ‘the globalisation of Sri Lanka’s national film industry.’

He proposed that Colombo should host an international film festival modelled on the Busan International Film Festival in South Korea, which began in 1995. His goal at the time was to use the Colombo Port City as the venue for the proposed Sri Lankan film festival. I argued that the global entertainment industry is one of the largest industries in the world because it forms part of an individual’s final consumption bundle.

The movie reminds me of a psychological thriller created by the veteran film director Alfred Hitchcock. In this way, Nihal has attempted to penetrate global movie markets through Sinhala cinema. It is an endeavour that should be supported by all

After consuming every other good or service, people turn to entertainment for the final release of stress. According to estimates by Mordor Intelligence, a global market research and management consulting firm, the global media and entertainment industry, valued at $ 3.1 trillion in 2026, is expected to rise to $ 3.8 trillion by 2031. The current size of the global movie and video industry has been estimated by other analysts at around $ 361 billion, more than three times Sri Lanka’s total GDP in 2025. Hence, this is a major profit opportunity that no country can afford to overlook.

South Korean leadership

South Korea, especially after the 1997 Asian financial crisis, took deliberate steps to develop its entertainment industry and capture global markets. These measures included strategic State support, the abolition of censorship, the adoption of the Hollywood model, the creation of streaming and digital platforms, and the pursuit of international acclaim.

To fund and promote Korean cinema aggressively abroad, the Korean Film Council was established in 1997. Strict authoritarian censorship was gradually lifted after the 1980s as the country moved towards democratic rule. In adopting the Hollywood model, South Korea encouraged the emergence of large, integrated media conglomerates. The establishment of global streaming platforms also helped attract major multimedia firms such as Netflix. At the same time, the industry gained global prestige through major wins at international film festivals.

These developments enabled South Korea’s audiovisual industry to contribute about $ 16.4 billion to its GDP. Sri Lanka could similarly penetrate global markets by aligning itself with stronger performers such as India and South Korea.

Challenge of making artistic movies

In this connection, the contribution made by the Gunawardena-Premasiri-Guruge trio to financing quality Sri Lankan films is commendable. Commercial films that are popular among moviegoers are usually self-financing because they generate enough revenue for producers to recover their costs.

Artistic films, however, stand at the opposite end of the spectrum. They do not earn enough at the box office, and producers are therefore likely to incur losses. The rewards are not monetary but come in the form of subjective satisfaction, especially when such films win awards at local and international film festivals.

As a result, a producer of an artistic film usually undertakes the project not in the hope of making money, but for the recognition it can bring at film festivals. That mental satisfaction is valued at the highest level.

By grounding an abstract narrative structure in the rich emotional soil of Karma Charikawa, the film delivers an experience that is intellectually demanding and emotionally shattering. It stands as a vital piece of art for viewers seeking cinema that challenges the intellect, redefines narrative boundaries, and lingers in the mind long after the final credits roll

A deep psychological exploration

I find Daree, created by Bertram Nihal, to mark a highly ambitious milestone in contemporary Sinhala cinema, blending a gripping crime investigation with a deep avant-garde psychological exploration. It moves far beyond the conventional boundaries of a standard whodunit thriller.

Instead, it dissects the very architecture of the human mind, reconstructing how a crime originates, fractures, and preserves itself within memory. Inspired by true events and structurally adapted from Upananda Welikala’s acclaimed novel Karma Charikawa, the film functions as a masterclass in philosophical tension. It uses a unique narrative framework reminiscent of quantum superposition, where past, present, and parallel possibilities coexist until the ultimate truth is forced to emerge through direct observation.

Narrative structure and plot evolution

On its surface, the movie tracks a protagonist deeply embedded in a chaotic and unsettling criminal investigation. The discovery of a central crime acts as the catalyst, propelling the characters into a labyrinth where the physical search for clues mirrors an agonising descent into the self. As the narrative progresses, the traditional procedural tracking of evidence is discarded in favour of a psychological battleground.

The film shifts effortlessly between timelines. Rather than treating flashbacks as simple explanatory tools, Bertram Nihal treats time as fluid and subjective. The investigation transforms into a visceral confrontation with heavy guilt, repressed trauma, and severe moral ambiguity.

Every clue discovered by the protagonist is deliberately designed to operate on two distinct levels: an external physical reality and an internal psychological dimension.

The audience is never permitted to remain passive observers; every piece of dialogue and every shift in scenery demands active deconstruction, effectively positioning the viewer as a co-investigator of the human conscience.

Handagama had presented an unconventional blueprint for developing Sri Lanka’s movie industry, not merely for domestic consumption but also to meet demand in global markets, a suggestion that critics might describe as ‘the globalisation of Sri Lanka’s national film industry.’ He proposed that Colombo should host an international film festival modelled on the Busan International Film Festival in South Korea, which began in 1995

The influence of Karma Charikawa

Adapting Karma Charikawa allows Nihal to layer the screenplay with profound Eastern philosophical subtext, specifically centring on the inescapable cycle of action and consequence (karma). However, the film avoids becoming a dogmatic sermon. By pairing these karmic undertones with modern psychological theory and concepts from quantum physics, the script achieves universal resonance.

The narrative treats human choice as a series of branching paths. The characters are caught in a web where an act committed in a moment of madness reverberates across their past perceptions and future possibilities. This philosophical gravity elevates Daree from a regional suspense story to a timeless commentary on the fragility of human morality.

Characterisation of psychological depth

The characters in Daree are far from archetypal heroes or villains; they are deeply flawed, fractured individuals grappling with their own shadows. The protagonist’s journey is particularly harrowing, as the outer chaos of the crime begins to leak into his own psyche, unearthing buried anxieties and ethical conflicts.

The performances are grounded in raw emotional realism. Nihal demands intense restraint from his cast, emphasising micro-expressions, heavy silences, and loaded glances over grand theatrical outbursts. This muted, internal approach amplifies the claustrophobic tension of the film, making the psychological distress of the characters intensely palpable to the audience. The supporting characters add layers of systematic doubt, leaving the viewer perpetually uncertain of who holds the definitive truth, or whether a singular truth even exists.

Direction, cinematic language and aesthetics

Bertram Nihal leverages his decades of expertise as a pioneering visualiser and award-winning television director to deliver a visually stunning cinematic landscape. The film’s alternative title, The Cave, serves as a powerful visual and metaphorical anchor throughout the runtime.

The camerawork treats physical spaces, shadowy rooms, dense landscapes, and tight enclosures as extensions of the characters’ internal mental states. Nihal’s visual style relies on three filmmaking techniques. First, deep shadows and stark lighting contrasts symbolise the ongoing clash between hidden guilt and exposed truth. Second, tight, claustrophobic close-ups trap the characters within the screen, emphasising their psychological entrapment. Third, desaturated tones establish a sombre, haunting atmosphere that mirrors the moral decay at the heart of the story.

The pacing is deliberate, slow-burning, and meticulous. Nihal rejects rapid, low-effort jump scares, choosing instead to construct a thick, unbroken wall of atmospheric dread. The editing serves the film’s quantum-inspired structure beautifully, cutting across timelines in a manner that feels jarring yet entirely logical within the realm of human memory.

Soundscapes and sonic tension

The auditory design of Daree plays an indispensable role in maintaining its gripping suspense. The soundtrack avoids overly dramatic orchestral sweeps, opting instead for a minimalist, avant-garde score rich with ambient textures, sudden dissonances, and prolonged silences. The sound design maximises the impact of everyday noises, footsteps, echoes, heavy breathing, and dripping water, transforming them into symbols of psychological torment. This careful orchestration ensures that the sonic environment acts as an invisible antagonist, constantly tightening the emotional screws on both the characters and the audience.

I find Daree, created by Bertram Nihal, to mark a highly ambitious milestone in contemporary Sinhala cinema, blending a gripping crime investigation with a deep avant-garde psychological exploration. It moves far beyond the conventional boundaries of a standard whodunit thriller

Thematic brilliance: Truth and superposition

The thematic core of Daree lies in its radical interrogation of objective reality. By invoking the metaphor of quantum superposition, Nihal posits that history and guilt are not fixed points, but malleable constructs shaped by perception.

The film argues that human memory is highly unreliable, frequently rewritten by guilt to shield the ego from unbearable truths. When the truth finally crystallises in the climax, it does not bring standard cinematic catharsis. Instead, it leaves the audience with a profound, lingering sense of discomfort, forcing them to reflect on the nature of justice, human cruelty, and the thin line that separates an ordinary citizen from a criminal.

Final word

Daree, or The Cave, is a monumental achievement in modern Sri Lankan cinema. Bertram Nihal has successfully bypassed the predictable tropes of mainstream commercial cinema to construct an intellectual, deeply atmospheric psychological masterpiece. By grounding an abstract narrative structure in the rich emotional soil of Karma Charikawa, the film delivers an experience that is intellectually demanding and emotionally shattering. It stands as a vital piece of art for viewers seeking cinema that challenges the intellect, redefines narrative boundaries, and lingers in the mind long after the final credits roll.

The movie reminds me of a psychological thriller created by the veteran film director Alfred Hitchcock. In this way, Nihal has attempted to penetrate global movie markets through Sinhala cinema. It is an endeavour that should be supported by all.

Cabinet clears Rs. 575 m Japanese grant for civil service scholarship program

The Cabinet last week approved the acceptance of a Japanese grant worth Yen 282 million (approximately Rs. 575 million) to continue a scholarship program aimed at strengthening the capacity of Sri Lanka’s public service through postgraduate and doctoral studies.

Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said the funding will be provided by the Government of Japan in 2026 under the Japanese Grant Aid for Human Resource Development Scholarship program.

The initiative has been supporting the professional development of young executive-level civil servants since 2010 by providing opportunities to pursue higher education, acquire professional expertise, and gain international exposure in fields aligned with Sri Lanka’s development priorities.

The program is financed under the Official Development Cooperation framework of the Government of Japan and is implemented by the Japan International Cooperation Agency (JICA).

According to the Government, around 15 civil servants are awarded scholarships annually under the scheme.

Since its inception, the program has facilitated 255 postgraduate courses and 16 doctoral courses for Sri Lankan public sector officials.

Cabinet approval was granted for a proposal submitted by President Anura Kumara Dissanayake in his capacity as Finance, Planning and Economic Development Minister to accept the grant funding offered by the Japanese Government.

The Government said the program has made a significant contribution to strengthening the capacity of the public service by developing specialised knowledge and professional skills among senior public officials.

Community participation and local authority support for dengue control

Typical flight distance of the dengue mosquito is from 50 to 400m depending on the wind etc. This means that if every household eliminates standing water and other potential areas within about 100-200 metres, the local mosquito population can be greatly reduced. Community cleaning campaigns are effective because they are able to remove many breeding sites within the normal flying range. Everyone must think and join campaigns to clean not only your house but neighbouring houses.

While imposing fines and legal actions are good to get people clean, we must also think why they do not clean. Other than sheer negligence, there are vulnerable groups such as elderly, blind, disabled, sick or not having money to pay for outside help.

While volunteer groups and religious groups can have permanent disaster management task forces, the local authorities can have volunteer or paid groups. I remember my brother once telling me in Sydney, how the city council will clean up and charge the household if warnings are ignored.

CPC reduces Auto Diesel and Petrol 92 prices

The Ceylon Petroleum Corporation (CPC) yesterday announced a reduction in the retail prices of Auto Diesel and 92 Octane Petrol with effect from midnight.

Accordingly, the price of Auto Diesel has been reduced by Rs. 25 per litre to Rs. 382, while 92 Octane Petrol has been cut by Rs. 20 per litre to Rs. 414.

However, it said the prices of Super Diesel, 95 Octane Petrol, and Kerosene will remain unchanged at Rs. 478, Rs. 478, and Rs. 285 per litre, respectively.

Seylan Bank introduces ‘Seylan Athwela’ to strengthen Sri Lanka’s agriculture sector

Seylan Bank, in collaboration with the Department of Development Finance, has introduced Seylan Athwela, a concessionary financing initiative designed to strengthen Sri Lanka’s agriculture sector by improving access to affordable funding for farmers, agribusinesses, and agriculture-related enterprises.

As a bank committed to enabling growth across key sectors of the economy, Seylan Bank aims to support agricultural development by providing financial solutions that help businesses invest in modern farming techniques, expand operations, improve productivity, and overcome financial constraints. Functioning as a Farming System Sustainability Program (FSSP), the initiative is expected to contribute towards sustaining rural livelihoods, enhancing food security, promoting employment opportunities, and encouraging export-oriented agriculture.

Through Seylan Athwela, eligible farmers, agribusinesses, agro-industries, cooperatives, and related enterprises can access concessionary financing at a low interest rate of 5%, with flexible repayment options and grace periods. The program also provides financing support of up to 75% of total project costs, making it easier for businesses to undertake growth and development initiatives.

The program seeks to support cultivation activities, agribusinesses, agro-industries, cooperatives, and related enterprises while also encouraging greater participation of youth and women in agriculture. It also aims to improve productivity, income generation, and long-term sustainability within the sector.

Loans under Seylan Athwela may be obtained for a wide range of agricultural and agribusiness requirements, including cultivation and expansion projects (excluding tea, rubber, and coconut cultivation), processing and value-addition activities related to tea, rubber, and coconut, the purchase of machinery, livestock, and equipment, construction of sheds, warehouses, processing centres, and greenhouses, solar energy and productivity improvement projects, as well as the purchase of land and vehicles directly linked to agricultural operations. The program also supports the introduction of new and advanced technologies to upgrade agribusiness operations and provides working capital financing for eligible enterprises. Loan facilities are available up to a maximum of Rs. 5 m. Working capital loans can be repaid over a period of up to three years, while investment and combined loan facilities offer repayment periods of up to five years.

Through initiatives such as Seylan Athwela, Seylan Bank continues to reaffirm its commitment to empowering Sri Lanka’s SME and agricultural sectors by providing inclusive financial solutions that contribute to sustainable economic growth and national development.

Ja’pura Uni. publishes international case study on Port City Colombo

The Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, in collaboration with Port City Colombo, has co-authored and internationally published an academic case study and accompanying teaching notes for students, examining the project’s potential role in shaping Sri Lanka’s long-term economic future.

Published by Nova Publishers, New York, USA, the study titled ‘Port City Colombo: Catalysing Sri Lanka’s Emergence as a Global Investment Hub’ provides a multidisciplinary analysis of the project’s urban planning, strategic, economic, regulatory, and sustainability dimensions.

The case study is featured as a chapter in the book, ‘Is Sri Lanka Revitalising its Economy? An Analysis of Economic Policy and Technological Adoption,’ edited by S. Perera, N. Nanayakkara, G. Samarakoon, and S. Bamunusinghe, and published under the 21st International Conference on Business Management (ICBM), the flagship conference of the Faculty of Management Studies and Commerce.

The case study explores the transformational vision of Port City Colombo as a landmark urban development and Special Economic Zone designed to support Sri Lanka’s transition from a traditional tourism-and export-dependent economy to a dynamic, service-oriented, and globally competitive investment destination. Against a backdrop of shifting global economic dynamics and increasing competition for foreign direct investment, the study examines how Port City Colombo seeks to create an enabling environment for investment, innovation, and ease of doing business while contributing to Sri Lanka’s long-term economic resilience, diversification, and integration into the global economy.

CHEC Port City Colombo Managing Director Xiong Hongfeng said: ‘Port City Colombo is often discussed in terms of infrastructure and investment, but the project is much more than that. It is about creating new economic opportunities for Sri Lanka and attracting industries that can support future generations. As the project moves into its operational phase, there must be serious academic discussion around both its opportunities and its long-term implications. This collaboration with the University of Sri Jayewardenepura is vital. It brings an independent, academic perspective that positions Port City Colombo within the broader narrative of Sri Lanka’s national growth.’

Beyond its economic and regulatory dimensions, the publication evaluates the broader socio-economic, environmental, and geopolitical implications of large-scale urban developments such as Port City Colombo. It highlights how integrated urban projects can influence national development trajectories while contributing to regional economic integration and global competitiveness.

The study was collaboratively developed by academics from Sri Jayewardenepura University led by Faculty of Management Studies and Commerce Department of Estate Management and Valuation Head Prof. Prathap Kaluthanthri, together with representatives from CHEC Port City Colombo Ltd.,-the project’s master developer-led by Executive Director/Deputy General Manager – Land Development and Marketing Shalaka Wijeyaratne. The collaboration reflects a growing partnership between academia and Port City Colombo, one of Sri Lanka’s most significant foreign direct investment projects.

‘This case study reflects the University of Sri Jayewardenepura’s commitment to producing research that addresses contemporary economic and urban development challenges through rigorous academic inquiry,’ said Prof. Prathap Kaluthanthri. ‘By integrating perspectives from real estate, investment, urban planning, governance, and economic policy, the case study provides a multidisciplinary resource for students, researchers, policymakers, and industry practitioners to critically evaluate the opportunities and challenges associated with large-scale urban and investment-led development initiatives.’

The case study is expected to serve as an academic and professional resource across multiple disciplines, including Business Administration, Real Estate Finance, Marketing, Strategic Innovation, and Urban Planning and Development. It will also support executive education programs in real estate management and infrastructure investment, as well as undergraduate teaching in investment analysis and urban economics.

Faculty of Management Studies and Commerce Dean Prof. Dushan Jayawickrama said: ‘As a leading business faculty in Sri Lanka, we strive to provide our students with opportunities to engage with real-world challenges through research, case studies, and industry partnerships. This publication offers a unique platform for critical thinking and evidence-based learning on one of the most significant development initiatives in the country – Port City Colombo.’

This publication builds on Port City Colombo’s continued engagement with Sri Lanka’s higher education sector through workshops, research collaborations, student engagements, ideathons, and knowledge-sharing initiatives aimed at exposing students and academics to global trends in urban development, infrastructure investment, and economic transformation.

Sri Lankan cocopeat companies visit RHP Knowledge Centre in the Netherlands

The Embassy of Sri Lanka in the Netherlands organised a visit for a delegation of Sri Lankan cocopeat companies comprising NB Coir, Marisha Coco Products, Green Space International, Eco Films and Cocopeat Lanka to the RHP Knowledge Centre in the Netherlands on 12 June 2026.

The visit was organised by the Embassy with a view to provide the Sri Lankan participants with insights into Netherlands quality standards, market requirements, and innovations in the horticulture substrate industry.

RHP Director Martine Holtkamp provided an overview of the organisation’s work, certification systems, and ongoing research activities to the company representatives. The delegation also had a discussion with RHP Operational Director Marco Zevenhoven whose practical recommendations and observations provided valuable insights into further enhancing product quality and strengthening Sri Lanka’s position in the global substrate industry. The company representatives were also given a tour of the RHP laboratory, enabling them to gain firsthand knowledge of the testing and quality assurance processes applied to growing media products.

The visit provided an excellent opportunity for the participating companies to deepen their understanding of the European market, explore avenues for value addition, and learn more about the certification requirements that support access to international markets. The visit also facilitated closer engagement between Sri Lankan producers and RHP, particularly for companies interested in obtaining RHP certification for their products. The insights gained during the visit are expected to contribute to the continued development and competitiveness of Sri Lanka’s cocopeat and coir industry in global markets.

Established in 1963, RHP is the leading European knowledge centre for growing media and substrates. The organisation manages and develops the RHP and RAG quality marks for raw materials and substrates used in professional horticulture, landscaping, and consumer markets. Many cocopeat products entering the European market, particularly the Netherlands, are required to meet RHP certification standards. RHP has also played a pioneering role in the development of buffering treatment techniques that help address plant nutrition challenges and improve the performance of coir.

People’s Bank celebrates World MSME Day with successful hosting of ‘Entrepreneurial Glory and Trade Fair 2026’

In celebration of World Micro, Small and Medium-sized Enterprises (MSME) Day, People’s Bank hosted the ‘Entrepreneurial Glory and Trade Fair 2026’ recently at the Sirisara Stadium in Kurunegala.

The program was organised by the People’s Bank Kurunegala Region. The two-day event brought together a vibrant array of exhibitors, showcasing a diverse range of products and services. Complementing the exhibition were a series of value-added activities, including expert-led seminars on entrepreneurship, business advisory sessions, awareness programs on specialised loan schemes, and live entertainment.

The event was inaugurated in the presence of People’s Bank Chairman Prof. Narada Fernando; Chief Executive Officer/General Manager Clive Fonseka, and Deputy General Manager – SME, Development and Micro Finance, Wickrama Narayana, together with members of the Bank’s corporate and executive management. Government officials, Bank staff, and entrepreneurs also attended the event.

As part of its ongoing commitment to empowering entrepreneurs and fostering economic growth, People’s Bank plans to extend this initiative through a series of regional MSME trade fairs across the island. These events will provide micro, small and medium-sized entrepreneurs with a valuable platform to showcase their products and services, connect with wider markets, and gain access to essential financial solutions and business advisory support.

Through initiatives such as the ‘Entrepreneurial Glory and Trade Fair 2026’, People’s Bank continues to reaffirm its commitment to strengthening Sri Lanka’s MSME sector by promoting entrepreneurship, enhancing financial inclusion, and supporting sustainable economic development.