Paperless Customs declarations, digital signatures go live from 1 Oct.

Sri Lanka Customs will bring its Digital Signature and Paperless Customs Declaration System into operation from 1 October, requiring importers and businesses to prepare for the transition to paperless declaration processing.

The implementation timeline was highlighted at an awareness program for importers and the business community organised by The Ceylon Chamber of Commerce, in line with the Government’s program to expedite the Paperless Document Processing at Customs initiative.

The program discussed the benefits of the paperless Customs declaration project for the trade sector and the practical requirements businesses will need to follow under the new system.

Delivering a special lecture on the Government’s digitalisation policy and the role of the Revenue Administration Reform and Modernisation Bureau, its Head and Senior Additional Secretary to the President Seevali Arukgoda said the system would become operational from 1 October.

He also acknowledged the contribution of the Sri Lanka Customs Information Technology Division towards the implementation of the project.

Officials from LankaPay and Sri Lanka Customs conducted a technical session covering digital signatures, the procedure for obtaining them, and their practical use when submitting Customs declarations.

Customs Directors Ruwan Tissera and Sisira Kumara, Revenue Administration Reform and Modernisation Bureau Directors W.L.C. Thilakasiri and M.A. Premalal, The Ceylon Chamber of Commerce Chief Executive Officer and Secretary-General Shiran Fernando, senior officials of Sri Lanka Customs and its Information Technology Division, LankaPay representatives, and representatives from the importing and business communities participated in the program.

Sri Lanka-China Business Council holds 25th AGM

The Sri Lanka-China Business Council (SLCHBC) of The Ceylon Chamber of Commerce held its 25th Annual General Meeting recently, marking a quarter-century of partnership and reaffirming its commitment to strengthening bilateral economic cooperation with China.

SLCHBC outgoing President Haroun Cader delivered his farewell address after two years at the helm of the Council. He reflected on key milestones of his tenure, including the Sri Lanka-China Trade and Investment Forum, which brought together more than one hundred Chinese delegates and a broad cross-section of Sri Lankan industry, and the Renminbi Internationalisation Forum held in October 2025, which explored wider use of the Chinese currency in bilateral trade to reduce conversion and transaction costs. Cader acknowledged the continuing trade imbalance between the two countries and called on Sri Lanka to identify more competitive export products and services while encouraging investment that creates employment, transfers technology, and strengthens local industries.

Incoming President Sampath Kumara, in his inaugural address, outlined the Council’s future plans which include focusing on supporting the successful implementation of the Sri Lanka-China Bilateral Trade Agreement, sharpening business-matching efforts between Sri Lankan and Chinese companies and attracting greater Chinese investment into joint ventures that combine Sri Lankan expertise with Chinese technology and market access. The Executive Committee for 2026/27 comprises: President Sampath Kumara, Senior Vice President Chandrika Ranawaka, Vice President Mohamed Hameez, Treasurer Adheesha Salpitikorala, Immediate Past President Haroun Cader. Committee Members – Dulith Ahangama, Samuddika Mendis, Anil Koswatta, Bharatha Subasinghe, Damith Jayawardana, Lushan Nalinda Rizwan Jowhersha, Rajeeban Arumugam, and Rakitha De Silva. The Council also welcomed Dr. Lasantha Wickramasooriya, Jay Ong, Chaminda Perera, Ted Muttiah, and Prabath Harshakumar as Honorary Members.

The SLCHBC continues to play a critical role in fostering trade, investment, innovation, and sustainable partnerships between Sri Lanka and China.

Cabinet clears lottery printing contracts worth Rs. 480 m

The Cabinet of Ministers has approved the award of contracts for printing, supplying and delivering seven computer-generated lottery products of the National Lotteries Board (NLB), with the combined value of the selected bids exceeding Rs. 480 million excluding VAT.

The contracts, covering a one-year period, will be awarded to the substantially responsive lowest bidders based on recommendations of the High-Level Procurement Committee and the Procurement Appeal Board.

Addressing the weekly post-Cabinet meeting media briefing yesterday, Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa said under the procurement, State Printing Corporation submitted bids of Rs. 103.42 million for Govisetha, Rs. 91.30 million for NLB Handahana, Rs. 88.22 million for Mega Power and Rs. 73.16 million for Dhana Nidhanya.

Ceylon Business Appliances Ltd., bid Rs. 83.36 million for Ada Sampatha, Rs. 67.80 million for NLB Jaya and Rs. 72.86 million for Subha Dawasak.

‘Five bids were received for the procurement,’ he said.

The tenders were called under the National Competitive Bidding procedure on a lottery-brand basis for the printing, supply and delivery of the computer-generated lottery tickets.

The proposal to this effect was submitted by President Anura Kumara Dissanayake in his capacity as the Finance, Planning and Economic Development Minister.

Janidu omission major shock

Sri Lanka Rugby’s national men’s Sevens selection has thrown up a major surprise, with experienced vice-captain Janidu Dilshan not being part of the touring squad for the upcoming Asia Rugby Emirates Sevens Series (ARESS) in China.

Dilshan’s inclusion only on the standby list is expected to be one of the major talking points surrounding the selection, particularly given his leadership role and previous involvement with the national Sevens setup.

The selected squad includes a blend of experienced national players and emerging talent.

Squad: Srinath Sooriyabandara (Captain), Kavindu Perera (Vice-Captain), Akash Madusanka, Chathura Soyza, Diluksha Dange, Naven Marasinghe, Ravindu Anjula, Shahid Zummi, Dinal Ekanayake, Pasindu Bandara, Jayatha Rajarathne and Gayan Perera.

Standby: Janidu Dilshan, Gamunu Chethiya and Nilesh Ragawan.

Head Coach: Peter Woods

Govt. moves to strengthen anti-corruption law

Prime Minister Dr. Harini Amarasuriya yesterday presented the amended Anti-Corruption Bill to Parliament, seeking approval for changes aimed at strengthening Sri Lanka’s framework for preventing, investigating, and prosecuting corruption.

According to the Prime Minister’s Media Division, the proposed amendments seek to address legal and interpretation issues identified during implementation of the existing law, including inconsistencies between the Sinhala and English texts.

The changes also address practical and technical issues relating to corruption investigations and prosecutions, the administration of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), and the submission of declarations of assets and liabilities through the centralised electronic system.

The Government said the amendments would strengthen the legal framework required for the CIABOC to carry out its functions and enable more efficient implementation of the Anti-Corruption Act.

Digital ID, online fines on schedule as President reviews $ 30 b digital economy strategy

President Anura Kumara Dissanayake yesterday reviewed progress on a series of digitalisation projects spanning identity, payments, public services and telecommunications, as the Government pushes ahead with its target of increasing the value of Sri Lanka’s digital economy to $ 30 billion by 2030.

Among the immediate milestones, the first digital identity card is scheduled to be issued by the end of this year, while all vehicle fine payments across the country are set to move exclusively online from September.

The targets were discussed at a progress review of projects and programs implemented during 2026 by the Ministry of Digital Economy and institutions under its purview, held at the Presidential Secretariat.

The President reviewed progress on the digital identity card initiative, with Ministry officials stating that the necessary arrangements were underway to issue the first card by year-end.

The meeting also assessed the GovPay program, introduced to make financial transactions between the public and the Government more efficient and convenient. According to the President’s Media Division (PMD), the necessary infrastructure has been put in place to enable all vehicle fine payments across the country to be processed exclusively online from September.

President Dissanayake instructed officials to focus on establishing the Information Technology Service as an All-Island Service capable of contributing to the Government’s digital transformation process.

The review covered the National Super App project, which is intended to make public services more convenient, as well as the National QR Drive aimed at reducing cash usage and promoting digital transactions.

Progress was also reviewed on the National Data Exchange (NDX), which is designed to facilitate the secure and transparent exchange of information among Government institutions while streamlining public service delivery.

The Number Portability project, which would allow mobile phone users to switch networks without changing their existing telephone numbers, was also discussed, alongside the Government’s digital procurement and services platform.

The meeting reviewed the Public Impact Champions Network (PIC-Net) program, introduced under the Government’s digital economy plan to digitise public services and improve the efficiency of service delivery.

Officials also discussed the Data Transmission Unit (DTU), AI Data Centre and the GovTech Academy’s training and educational programs aimed at promoting digital technology, information and communication technology skills and innovation across the Government and public service. The Academy’s future plans were also considered.

The President also reviewed progress in establishing GovTech, including the development of the required technological infrastructure and recruitment of staff.

Progress of projects and programs undertaken by institutions under the Ministry was considered separately, including those involving the Department for Registration of Persons, Telecommunications Regulatory Commission of Sri Lanka, Sri Lanka Computer Emergency Readiness Team (SLCERT), Data Protection Authority, GovTech, Sri Lanka Telecom-Mobitel and Colombo Lotus Tower Management Company.

The performance and progress of other projects, including the television program digitisation project, were also reviewed.

Deputy Minister of Digital Economy Eranga Weeraratne, Secretary to the President Dr. Nandika Sanath Kumanayake, Senior Adviser to the President on Digital Economy Dr. Hans Wijayasuriya, Senior Additional Secretary to the President Roshan Gamage, Ministry of Digital Economy Secretary Waruna Sri Dhanapala and heads of institutions under the Ministry participated in the meeting.

Cabinet approves regulations to protect tourism activities at Nildiya Pokuna

The Cabinet of Ministers has approved the publication and promulgation of regulations governing tourism activities around Nildiya Pokuna in the Ravana Ella Sanctuary, under the provisions of the Wildlife and Flora Ordinance.

The decision follows a study and recommendations by a technical committee appointed to examine measures required to monitor and regulate tourism activities at the site.

Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa told the weekly post-Cabinet meeting media briefing yesterday that the regulations prepared based on the committee’s findings have also been examined and confirmed by the Legal Draftsman.

He said the new regulatory framework is expected to provide a formal mechanism for managing tourism activities at Nildiya Pokuna, while supporting efforts to conserve the unique natural environment of the Ravana Ella Sanctuary.

Nildiya Pokuna, located within an internal cave complex of the Ravana Ella Sanctuary in the Karandagolla Grama Niladhari Division of the Ella Divisional Secretariat Division in Badulla District, is considered a rare natural water source.

The site has gained considerable popularity among both local and foreign tourists because of its distinctive geographical and natural features. However, the increasing interest in the attraction has highlighted the need for formal measures to protect the sensitive environment surrounding the natural resource.

Sri Lankan printer Sathis Abeywickrama recognised as a ‘Flexo Avenger’ at Flexo Summit Asia 2026

There are moments in an industry’s history when progress begins with a seemingly ordinary question: Why can’t we do this ourselves?

For Upendra Sathis Abeywickrama, that question became the beginning of a journey that would span almost five decades and help reshape an important segment of Sri Lanka’s printing and packaging industry.

In August 2026, at Flexo Summit Asia in Bengaluru, India, Abeywickrama was recognised as a ‘Flexo Avenger’, a recognition presented to converters who have made a significant impact on the development of flexographic printing. He was featured in the session, ‘Flexo Avengers: Converters who Changed the Game,’ alongside leading industry figures from the region.

For Sri Lanka, the significance of the recognition goes beyond one individual.

It represents a journey that began at a time when much of the specialised packaging required by the country’s export industries was sourced from overseas.

Abeywickrama entered the printing industry in 1978 as a Management Trainee at Aitken Spence Printing. What was initially expected to be a temporary engagement while awaiting his A/L examination results became a lifelong career. Over the years, he developed expertise in printing, packaging and international business before establishing Print USA in 1989.

Then came Flexiprint.

In the early 1990s, Sri Lanka’s tea industry was expanding its value-added exports, but tea bag tags and envelopes were largely being imported, particularly from the United Kingdom and Japan. Rather than viewing this simply as a commercial reality, Abeywickrama saw an opportunity for Sri Lanka to develop its own manufacturing capability.

Flexiprint was established in 1994.

The idea was straightforward. The execution was anything but.

At the time, Abeywickrama did not have direct experience in flexographic printing. He had to learn the technology from the ground up and confront an important question facing the industry: could flexography deliver the colour consistency, registration accuracy and print quality expected from gravure and offset printing?

The answer, ultimately, was yes.

Through research, process control and continuous innovation, Flexiprint demonstrated that flexographic printing could achieve world-class standards.

But perhaps the more important question was not whether flexography could print well. It was whether it could print responsibly.

Tea packaging sits close to the food product itself. During his study of the technology, Abeywickrama identified the widespread use of solvent-based and dye-based inks in tea tag production and questioned whether there was a safer and more environmentally responsible alternative.

That thinking led Flexiprint towards water-based inks, making it one of the pioneers in Asia to adopt the technology for tea packaging. Food safety, quality and environmental responsibility subsequently became central to the company’s approach.

This is where the story becomes bigger than flexography.

A manufacturing company can import technology. It can purchase machinery. It can recruit expertise. But building an industry capability requires something more difficult: the confidence to believe that a product made in Sri Lanka can stand alongside products manufactured anywhere else in the world.

Over the years, that confidence translated into an international business.

Flexiprint developed into a manufacturer of tea bag tags, tea envelopes, tagged pyramid mesh tea bags and specialty labels, supplying customers across Asia, Europe, Africa, the Middle East and North America.

In that sense, the journey mirrors an important opportunity for Sri Lankan manufacturing.

The country has long possessed strengths in sectors such as tea, apparel and agriculture. The next level of value creation, however, lies in developing the specialised technologies, components and services that support those industries. The story of Flexiprint illustrates how an apparent dependence on imports can become an opportunity for domestic industrial capability and export growth.

Yet Abeywickrama’s philosophy remains remarkably people-centred.

He does not describe success as the achievement of one individual. His leadership approach places employees, suppliers and customers at the centre of the business, grounded in integrity, transparency, respect and continuous improvement.

His view of leadership is equally direct: a leader should set standards, provide solutions and work alongside the team. He believes that because he has worked through the industry himself, he understands the contribution made at every level of an organisation.

That philosophy perhaps explains why the story has endured.

The company has received international recognition, including awards from the Flexographic Technical Association in the United States, alongside Presidential Export Awards, National Business Excellence Awards and a Lifetime Achievement Award for Abeywickrama’s contribution to Sri Lanka’s printing industry.

But the latest recognition carries a different symbolism.

To be named a ‘Flexo Avenger’ in a major Asian industry forum is not merely an acknowledgement of commercial achievement. It is recognition of a willingness to challenge conventional thinking, adopt new technology, build local expertise and keep raising the standard.

Perhaps that is the most fitting description of Abeywickrama’s journey.

He did not set out simply to build another printing company. He saw a gap in Sri Lanka’s industrial capability and chose to close it. He saw imported products and imagined local manufacturing. He saw an emerging technology and learned it. He saw environmental and food-safety concerns and sought a better solution.

And, over time, what began as one company’s ambition became an international statement: that sophisticated packaging made in Sri Lanka can compete with the world.

The ‘Flexo Avenger’ recognition in Bengaluru therefore belongs not only to a veteran of the printing industry. It also belongs to an idea – that Sri Lankan industry can move from being a consumer of technology to becoming a creator of capability.

BOC to raise up to Rs. 10 b via Basel III AT1 Bonds

Bank of Ceylon (BOC) is to raise up to Rs. 10 billion through a Basel III-compliant Additional Tier 1 (AT1) Bond issue, as the State-owned lender seeks to strengthen its capital adequacy, liquidity position, and asset base.

The bank’s Board of Directors has approved an initial issue of up to 50 million unsecured, subordinated, and perpetual AT1 Bonds to raise Rs. 5 billion, with an option to issue a further 50 million Bonds at the bank’s discretion in the event of oversubscription.

The Bonds, priced at Rs. 100 each, will be unlisted and will not be listed on the Colombo Stock Exchange (CSE) or any other exchange. The issue has been rated ‘AA-‘ (Stable) by Lanka Rating Agency Ltd.

The floating-rate Bonds will carry an annual interest rate equivalent to the 12-month net Treasury Bill rate plus 2% per annum, with interest payable annually.

The issue opens today (20) and is scheduled to close on 31 December 2026 or earlier if the maximum 100 million Bonds are fully subscribed.

If the initial 50 million Bonds are fully subscribed and BOC decides to exercise the option to issue a further 50 million, the subscription list will close at 4:30 p.m. on the market day on which the additional tranche is fully subscribed. The AT1 Bonds may also be issued in one or more tranches.

BOC said one objective of the issue was to increase its Tier 1 capital and strengthen its Capital Adequacy Ratio (CAR). The bank reported a total CAR of 17.22% as at 30 June 2026, against the 15% minimum required under Central Bank of Sri Lanka (CBSL) regulations.

According to the bank, the CAR is expected to rise to 17.45% following a Rs. 5 billion AT1 Bond issue and to 17.69% if the full Rs. 10 billion is raised.

The proceeds are also intended to minimise and manage gap exposure in the bank’s asset and liability portfolios, strengthen liquidity, and increase the asset base.

The Bonds are perpetual and therefore have no fixed maturity. However, BOC may exercise a call option at its discretion after five years from the date of issue, subject to CBSL approval and other regulatory conditions.

The issue is restricted to qualified investors. The minimum subscription is Rs. 1 million for a qualified investor, while an individual qualified investor is required to subscribe at least Rs. 50 million. Subsequent applications above the minimum must be in multiples of Rs. 1 million.

Eligible investors include licensed commercial and specialised banks, development and specialised savings banks, housing banks, co-operative banks and unions, registered finance and finance leasing companies, insurers, licensed securities dealers or brokers, regulated pension and pooled funds, companies with net assets of at least Rs. 500 million, and individuals investing at least Rs. 50 million.

The issue does not have a trustee. BOC said Bond certificates would be issued to investors under the common seal of the bank with the signatures of a Director and the General Manager/CEO.

The bank has obtained approval from the Securities and Exchange Commission of Sri Lanka for the proposed AT1 Bond issue.

Lakshan Madurasinghe becomes Sri Lanka’s first certified WHY Coach by Simon Sinek’s Why School

Lakshan Madurasinghe has become the country’s first and only Certified WHY Coach, accredited to facilitate the internationally recognised WHY Discovery process developed by Simon Sinek’s WHY School.

With over 25 years of experience and exposure spanning the corporate, development and public sectors, Lakshan has built a distinguished career helping organisations create legacy, navigate crisis, lead transformation, strengthen leadership, drive reputation, stakeholder engagement and deliver lasting impact.

His professional journey has included leadership roles with The Coca-Cola Company across Sri Lanka, Nepal, Bhutan and the Maldives, and serving as President of the American Chamber of Commerce in Sri Lanka and Habitat for Humanity Sri Lanka, Board Director of the Board of Investment Sri Lanka, and leading numerous initiatives in corporate affairs, strategic corporate sustainability and communications, regulatory affairs, crisis management, policy advocacy and in creating community impact.

Today, he brings that extensive leadership experience together with one of the world’s most recognised purpose-discovery methodologies, providing Sri Lankan individuals, leaders, and entrepreneurs with access to a globally proven framework for uncovering the deeper purpose that drives performance, leadership and fulfilment.

The WHY Discovery process is built around a simple yet powerful principle popularised by Simon Sinek: The WHY is your deep-seated purpose, cause and belief. It’s an articulation of you, the best part of you. Unlike job titles, a WHY represents the deeper cause that naturally motivates an individual. Understanding this purpose can help people make better decisions, communicate more authentically, build stronger relationships and lead with greater clarity and confidence.

Lakshan Madurasinghe said: ‘Purpose isn’t a privilege, it’s a right. Every person deserves to wake up knowing their WHY. Your WHY is inspirational, not aspirational. It isn’t who you want to be, it is who you truly are and is the best part of you.’

‘Throughout my career, whether working with multinational corporations, government institutions, entrepreneurs or community organisations, I have observed that the most effective leaders are those who understand what truly drives them. The WHY Discovery process gives people the language and clarity to articulate that purpose. When individuals understand their WHY, they are able to make better decisions, communicate more authentically, build stronger relationships and lead with greater confidence and consistency,’ he added.

For Lakshan, the WHY methodology is not simply a coaching framework but a practical leadership tool that aligns closely with lessons gained throughout his career exposure. Having led regional teams, managed complex stakeholder environments, built public-private partnerships and guided organisations through periods of transformation and crisis, he has witnessed firsthand how purpose-driven leadership influences culture, engagement, resilience and ultimately performance.

The methodology has applications across a wide range of audiences, including senior executives, emerging leaders, entrepreneurs, founders, professionals navigating career transitions and teams seeking stronger alignment around a shared purpose.

Individuals who undertake the WHY Discovery process will undoubtedly gain greater self-awareness, improved confidence, stronger decision-making capabilities and a clearer sense of direction. Leaders benefit from enhanced authenticity, stronger communication and increased trust among teams. Participants typically complete the process with a clearly articulated WHY statement with attached HOWs, a deeper understanding of what motivates them and practical insights that can guide future personal and professional decisions.