EDB hosts networking session for new tea and coconut exporters

The Export Development Board (EDB) recently organised a networking session at its head office, targeting new and potential exporters in Sri Lanka’s tea and coconut sectors.

During the session, Wichy Plantation Ltd. Cluster Executive Director Indika Perera shared his industry experience under the topic ‘Real-life examples of entering and succeeding in challenging markets.’

Coconut Development Authority Market Development Research Officer Chathuranga Wickramarathna provided participants with guidance on ‘Exporter registration procedures and requirements of the Coconut Development Authority’ and regulatory compliance for coconut exports.

Akbar Brothers Ltd. Senior Tea Taster and General Manager (Tea) Adrian Gabriel shared practical strategies for establishing long-term international business partnerships under the topic ‘Building and maintaining relationships with foreign buyers.’

Sri Lanka Tea Board Promotion Division Assistant Director Tishan De Silva highlighted new market opportunities and the importance of branding in global tea trade under the topic ‘Emerging markets for Ceylon Tea and leveraging the logo.’

Inextricable Group UK Sri Lanka Country Director Suranjith Swaris presented on ‘Brand differentiation and market differentiation strategies in competitive global markets.’

This program provided emerging exporters with the opportunity to connect with industry stakeholders, gain market insights, and explore export opportunities in Sri Lanka’s two main agricultural export sectors. Approximately one hundred small and medium-scale exporters participated in the event. The program was organised by the Trade Information and Trade Facilitation Division.

Inaugural Lanka Impact Investment Summit 2026 kicks off

Sri Lanka is seeking to position itself as a convening platform for impact investing in South Asia as more than 200 delegates from home and abroad gathered in Colombo yesterday for the inaugural Lanka Impact Investment Summit 2026 (LIIS), against the backdrop of persistent structural financing gaps in the domestic economy.

The two-day summit, organised by the Lanka Impact Investing Network (LIIN) and Global Steering Group for Impact Investment Sri Lanka, brings together investors, policymakers, development partners and entrepreneurs to examine how private capital aligned with social and environmental outcomes could support Sri Lanka’s recovery and longer-term growth, particularly through small and medium-sized enterprises and climate-aligned businesses.

Global Steering Group for Impact Investment Sri Lanka Chair Chandula Abeywickrema said the summit reflected nearly a decade of efforts to build an impact investing ecosystem capable of moving beyond traditional, collateral-driven bank finance. He said Sri Lanka’s core challenge was not the absence of entrepreneurs, but the difficulty of transforming them into commercially viable and scalable enterprises.

‘What the country needs is entrepreneur transformation,’ Abeywickrema said, arguing that enterprises unable to achieve viability and scale would not deliver durable economic change. He said impact investing offered access to private-equity-style capital for SMEs that remained underserved by conventional finance.

The summit takes place as data from LIIN highlights the scale of Sri Lanka’s financing constraints despite strong global growth in impact capital. The study estimates Sri Lanka’s annual investment demand at $ 7-10 billion to meet sustainable development goals, including $ 3-5 billion for infrastructure and $ 2-3 billion for climate finance, while access to capital remains constrained by high borrowing costs, policy fragmentation and limited non-bank financing channels.

SMEs, which contribute about 52% to GDP and employ nearly half the workforce, have declined from around 1.3 million in 2018 to roughly 1.04 million in 2024 following the economic crisis. Bank lending remains the dominant source of finance, but interest rates ranging from 10% to 27% and collateral requirements often exceeding loan values have sharply limited credit access.

Addressing the summit, Canadian High Commission Counsellor for Political and Trade Gwen Temmel framed impact investing as a market-based response to rising global uncertainty. She said global impact investment assets had reached about $ 1.5 trillion in 2024, but emerging markets accounted for only around 6% of total flows, while South Asia attracted roughly $ 20 billion despite contributing 45% of global GDP.

‘Impact investment is not charity and not traditional investment,’ Temmel said, describing it as an approach aimed at strengthening markets by delivering social and environmental outcomes alongside financial returns.

She highlighted Sri Lanka’s low female labour force participation and limited formalisation of women-led enterprises as structural constraints, arguing that gender-lens investing could expand the investable pipeline and reduce long-term risk.

LIIN estimates that women-led enterprises face a funding shortfall of nearly $ 700 million, even after recent legislative reforms, while only around 700 to 1,000 SMEs are considered investment-ready due to weaknesses in governance, financial reporting and record-keeping.

Global Steering Group for Impact Investment Director – Regional Coordination Raffaella De Felice said Sri Lanka illustrated how locally driven impact ecosystems could generate solutions tailored to domestic needs while linking into regional and global capital networks. She noted that national partners played a critical role in convening investors, policymakers and enterprises to establish a common framework for impact measurement and capital deployment.

Institutional constraints, however, continue to limit scale. ESG-linked portfolios account for less than 2% of commercial bank lending, while pension and insurance funds remain restricted from investing in impact assets. The absence of a national impact investment policy, tax incentives or a clear definition of impact enterprises has contributed to fragmentation across the ecosystem.

Against this backdrop, LIIN plans to launch Sri Lanka’s first Impact Enterprise Fund in partnership with United Nations Development Program, targeting the ‘missing middle’ of SMEs underserved by traditional finance.

The $ 5 million fund will deploy capital through convertible notes ranging between $ 50,000 and $ 100,000, supported by a first-loss guarantee covering up to 20% of potential defaults, with early investments expected by mid-2026.

The summit concludes today (11 February) with the adoption of a Declaration outlining a shared vision to mobilise capital for inclusive and sustainable development, strengthen cross-border collaboration and lay the groundwork for longer-term mechanisms, including a proposed South Asia Impact Fund.

Rukmini Tissanayagam Trust announces Gold Medals for Best Commercialisable Research Projects at Jaffna, Vavuniya universities

The Rukmini Tissanayagam Trust has announced the awarding of two Annual Gold Medals to recognise the Best Commercialisable Research Projects, one to the University of Jaffna and another to the University of Vavuniya. This initiative is designed to foster innovation, entrepreneurship, and stronger university-industry collaboration among Sri Lankan undergraduates and postgraduates.

Settlor of the Trust Mohan Tissanayagam expressed his pleasure in supporting young entrepreneurial students.

“These awards are intended to encourage students to go beyond academic achievement and actively engage in innovation, enterprise creation, and responsible nation-building. Supporting young researchers who transform ideas into viable ventures is one of the most meaningful investments we can make for the future of Sri Lanka,” he said.

The Trust, established in memory of Rukmini Tissanayagam, continues her legacy of supporting education, culture, and innovation. Descended from both Sir Ponnambalam Arunachalam and Sir Ponnambalam Ramanathan, two of Sri Lanka’s most eminent patriots, Tissanayagam is remembered for her quiet generosity and lifelong commitment to philanthropy.

The Gold Medals will honor research projects that have led to licensing agreements with industry partners or the creation of university spin-off ventures, across all academic disciplines. By strengthening knowledge transfer and promoting entrepreneurial thinking, the initiative seeks to enhance the contribution of university research to Sri Lanka’s long-term economic and social development.

Formal proposals were submitted on 20 January 2026, to University of Jaffna Vice Chancellor Professor S. Srisatkunarajah and University of Vavuniya Vice Chancellor Professor A. Atputharajah. The Trust has expressed readiness to work with both institutions to finalise implementation arrangements, including the selection process, award structure, and timeline for the inaugural medals.

CSE ends in red after sharp spike

The Colombo stock market closed yesterday in the red for the second consecutive session after sliding from a sharp rally which saw the ASPI reach over 23,800 points in early trading.

The ASPI ended down 0.43% or 103.17 points at 23,651.09 and the active S and P SL20 was down a marginal 0.05% or 3.27 points at 6,605.41.

Turnover was over 3.54 billion on nearly 158.2 million shares traded. Foreign participation in the market activity remained at subdued levels closing as net sellers with a net outflow of Rs. 465.9 million.

First Capital said the Colombo Bourse yesterday showed a mild downward drift throughout the session, with both indices slipping into the red and failing to sustain early momentum amid selling pressure and profit-taking.

Top negative contributors to the ASPI were SFCL, CARG, DIAL, CFIN and DOCK. Meanwhile, share prices of 147 companies declined during the session, while only 67 recorded positive contributions.

HNW and retail investors’ participation remained subdued, leading to turnover levels below the monthly average.

The capital goods sector led the daily turnover with a share of 20%, followed by the materials, and diversified financials sectors collectively contributing 26%.

NDB Securities said high net worth and institutional investor participation was noted in Tokyo Cement Company, ACL Cable and Teejay Lanka. Mixed interest was observed in Renuka Agri Foods, Eastern

Merchants and Ceylon Land and Equity, whilst retail interest was noted in Industrial Asphalts, SMB Leasing and HNB Finance.

The capital goods sector was the top contributor to the market turnover due to ACL Cables), whilst the sector index edged up by 0.02%. The share price of ACL Cables closed flat at Rs. 100.

The materials sector was the second highest contributor to the market turnover due to Tokyo Cement Company, while the sector index decreased by 0.20%. The share price of Tokyo Cement Company closed flat at Rs. 105.25.

Cargills, Renuka Agri Foods and Eastern Merchants were also included amongst the top turnover contributors. The share price of Cargills lost Rs. 21 to close at Rs. 730. The share price of Renuka Agri Foods recorded a gain of 10 cents to close at Rs. 15.80. The share price of Eastern Merchants appreciated by Rs. 1.20 to close at Rs. 16.20.

Shangri-La Colombo, Painting the City Red

As Valentine’s Day and the Lunar New Year converge, the hotel presents a collection of experiences created to be shared across its signature dining venues. Valentine’s Day is marked with intimate evening dining at Central Restaurant, alongside a refined multi-course experience at Capital Bar and Grill, both designed for conversation, connection, and unhurried celebration. Adding to the occasion, a limited poolside Valentine’s dinner at the Pool Bar offers an exclusive setting by the water, created for shared indulgence and moments to remember.

For those who prefer relaxed daytime gatherings, Sapphyr Lounge presents a Valentine’s High Tea designed for lingering afternoons, while Little Gems offers a curated collection of Valentine’s treats thoughtfully prepared for gifting and sharing.

The season continues with the Lunar New Year at Shang Palace, where a celebratory dining experience inspired by tradition, abundance, and togetherness welcomes guests to gather and mark new beginnings around the table.

Throughout the season, Love Checks In quietly, expressed through unhurried meals, elegant surroundings, and time spent together. Each experience is designed to encourage connection, whether celebrating romance or welcoming the year ahead, offering moments that feel both personal and festive.

With its February dining calendar, Shangri-La Colombo continues to offer the city a place to gather – to celebrate love, mark new beginnings, and enjoy the simple pleasure of being together.

India-Pakistan T20 World Cup match to go ahead after President’s intervention

The scheduled India-Pakistan match at the ongoing ICC Men’s T20 Cricket World Cup in Colombo will proceed as planned following diplomatic and institutional engagement by the Sri Lankan Government.

A series of Government interventions took place over the past few days and cleared the way for the high-profile fixture to take place. Discussions involved multiple parties, including the International Cricket Council and national cricket authorities.

President Dissanayake held a telephone conversation with the Prime Minister of Pakistan, after which official communication was received from the Pakistani Government, enabling the matter to be resolved.

President Dissanayake later posted on X, stating:

‘Thank you Prime Minister @CMShehbaz for ensuring the game we all love goes on. Delighted that the eagerly awaited India and Pakistan match at the ongoing T20 Cricket World Cup in Colombo will proceed as planned. As co-host of the tournament, Sri Lanka thanks the @ICC and all concerned for their efforts. Sri Lanka hasn’t forgotten the solidarity shown by both India and Pakistan during the 1996 World Cup, when they played in Colombo at a time when others refrained due to security concerns.’

Sri Lanka is co-hosting the tournament, with Colombo hosting a number of marquee fixtures, including the India-Pakistan clash, one of the most closely watched encounters in international cricket.

The much awaited match is this Sunday (15).

DFCC Bank achieves top honours at CIPM Great HR Quiz

DFCC Bank has announced its achievement, first place in the Banking Sector and recognition as Overall Second Runners-Up at the Great HR Quiz organised by the Chartered Institute of Personnel Management (CIPM).

The competition saw the participation of 75 teams and featured multiple rigorous and diverse assessment formats.

The DFCC Bank team demonstrated exceptional knowledge, teamwork, and resilience throughout the competition, reflecting the Bank’s strong people culture and commitment to continuous learning and professional excellence.

The team comprised Damith Weerasekara, Tiron Dhananjaya, Rozelle Perumal, and Shanya Pandithakoralage, whose performance exemplified dedication, collaboration, and a growth-driven mindset.

This achievement underscores DFCC Bank’s ongoing focus on developing talent and fostering a culture that encourages learning, challenge, and excellence across the organisation.

Port City banking rules tightens licence access: EY

The Colombo Port City offshore banking framework has been materially tightened under recent legislative changes, with access to offshore banking licences now restricted to foreign-incorporated banks, according to a new analysis by Ernst and Young Sri Lanka.

In a tax alert on the Colombo Port City Economic Commission (Amendment) Act, No. 1 of 2026, EY said the amendment introduces significant changes to Part VIII of the Port City Act, which governs offshore banking business carried out in and from the Port City area.

The Port City Amendment Act, certified on 20 January 2026, removes the ability for locally licensed banks to apply for an offshore banking licence under Part VIII.

EY noted that, following the amendment, only a company established in another country and authorised to carry on banking business under the laws of that country is eligible to apply for a Port City offshore banking licence.

Under the revised framework, a foreign bank seeking to conduct offshore banking business in the Port City must hold three separate approvals: a general business licence issued by the Colombo Port City Economic Commission under Part VI, offshore company registration under Part VII, and an offshore banking licence issued under Part VIII of the Act, EY said.

The amendment also clarifies the regulatory hierarchy applicable to offshore banks. EY said that the provisions of the Port City Act will apply to offshore banking businesses licensed under Part VIII, notwithstanding anything contained in the Banking Act.

As a result, the Central Bank of Sri Lanka will continue to regulate and supervise such offshore banks, including setting liquidity requirements, minimum capital and leverage ratios, and disclosure standards in line with international norms.

The Central Bank is also empowered to issue directions, require corrective action where prudential standards are breached, and recommend the suspension, revocation or cancellation of offshore banking licences to the Minister of Finance, subject to due process, EY said.

EY highlighted that the amendment expressly excludes banks licensed under the Banking Act that operate in and from the Port City with Central Bank approval from the Part VIII offshore banking regime. The impact of the amended law on local banks will therefore need to be assessed separately on a case-by-case basis, it said.

The firm said the revised framework underscores the need for both local and foreign banks to reassess the applicability of the Port City Act to their operations, given the clearer separation now drawn between domestic banking activity and offshore banking business within the Port City.

Too close to ignore: India, aid, and Sri Lanka’s search for economic stability

Colombo is currently witnessing a striking convergence of religion, diplomacy, and politics at the Gangaramaya Temple, where the sacred Devnimori Buddha Relics are on public display. Excavated in Gujarat and brought to Sri Lanka with full state honours, the relics are being exhibited for public veneration. President Anura Kumara Dissanayake inaugurated the exposition, underscoring its national and symbolic significance. Framed as a celebration of shared heritage rather than a political event, the exposition has already drawn large crowds of devotees, reinforcing the deep cultural and spiritual connections that link Sri Lanka and India by a Government that was once openly hostile to its northern neighbor before coming into power.

This ongoing event is not an isolated gesture. It forms part of a broader diplomatic reorientation that became especially visible during Indian Prime Minister Narendra Modi’s visit to Sri Lanka in 2025, which was framed under the theme ‘Friendship of Centuries, Commitment to a Prosperous Future.’ Modi, together with President Dissanayake, paid homage at the Jaya Sri Maha Bodhi in Anuradhapura, deliberately anchoring contemporary diplomacy in a shared sacred geography. During the visit, President Dissanayake conferred upon Modi the Sri Lanka Mitra Vibhushana Award. Taken together, these acts suggest a conscious effort by the current Government to recast Sri Lanka-India relations not as a grudging necessity driven by economic crisis, but as a historically grounded partnership.

The significance of these acts becomes interesting when situated within Sri Lanka’s domestic context. The current Government, led by the National People’s Power (NPP) is a coalition in which the Janatha Vimukthi Peramuna (JVP) plays a decisive ideological role. Historically, the JVP viewed India with deep suspicion, portraying it as a regional hegemony and an external threat to Sri Lanka’s sovereignty. The fact that a Government shaped by this political tradition is now presiding over a phase of deepened cooperation with India marks a notable political realignment. The movement that once led an anti-state, anti-India insurrection in the late 1980s has adopted a markedly contradictory approach to regional geopolitics after coming into power. This was further underscored when JVP General Secretary Tilvin Silva, currently on a visit to India, met with India’s External Affairs Minister Dr. S. Jaishankar to discuss strengthening bilateral relations, growth opportunities, and social welfare initiatives, signaling a clear shift from the party’s earlier positions on India.

Importantly, this shift extends beyond the political sphere. Public opinion also appears to be moving decisively in favour of closer engagement with India. A recent countrywide public perception survey conducted by the Social Scientists Association reveals a marked transformation in how Sri Lankans view India’s role. When asked which country provided the most effective disaster relief following Cyclone Ditwah, an overwhelming 88% of respondents identified India. This response goes beyond immediate gratitude for humanitarian assistance; it reflects a broader public recognition of India as a reliable and responsive regional partner in moments of crisis.

This popular recognition aligns closely with the material realities of Sri Lanka’s economic recovery. The renewed closeness with India carries significant economic and financial implications. In India’s 2026-27 budget, INR 4 billion was allocated specifically for Sri Lanka, representing a 33% increase over the previous year and signaling a sustained commitment that extends beyond episodic crisis support. For a small, crisis-hit economy like Sri Lanka, engagement with a rapidly growing Indian economy offers opportunities for recovery, investment, and infrastructure development. Hence, from a political economy perspective, India’s proximity could be less of a constraint and more of a prospect, but only if managed with careful strategy and foresight.

Survey findings suggest that public sentiment is broadly aligned with this recalibration. Sri Lankans appear to acknowledge India’s material assistance and to be largely receptive to the renewed partnership. The convergence of humanitarian aid, economic support, and shared cultural symbolism seems to have produced a level of public comfort with India that was far less evident in earlier decades. In this context, Buddhism has functioned as a morally coded, non-market language of partnership, one that helps soften the transactional nature of economic engagement and enjoys considerable popular legitimacy.

These dynamics, however, cannot be understood in isolation from the broader regional geopolitical context. At a time when India’s relations with several South Asian neighbours remain strained, maintaining stable and cooperative ties with Sri Lanka has become particularly important for India. Furthermore, India’s continued economic and diplomatic engagement with Sri Lanka must also be understood in the context of its efforts to counter China’s growing influence in South Asia and the Indian Ocean. Preventing Sri Lanka from getting close to China has therefore become a strategic priority for India, reinforcing its willingness to sustain assistance and engagement. This competitive regional environment, in turn, affords Sri Lanka a degree of bargaining space; one that can be used to diversify partnerships and negotiate terms more effectively.

Ultimately, the public recognition of India’s role after Cyclone Ditwah offers more than a snapshot of crisis-era goodwill. It signals a broader transformation in Sri Lanka’s political imagination, shaped by pragmatism, cultural familiarity, and economic necessity. The challenge ahead lies in sustaining this relationship in ways that preserve balance and choice, ensuring that cooperation does not harden into asymmetry. If navigated carefully, this emerging phase in Sri Lanka-India relations may succeed in aligning state strategy with popular sentiment. Survey findings indicate that public opinion may already be aligning in that direction.

(The author is a researcher at the Social Scientists’ Association. This article reflects her personal views. She can be reached via email at [email protected])

Colombo is currently witnessing a striking convergence of religion, diplomacy, and politics at the Gangaramaya Temple, where the sacred Devnimori Buddha Relics are on public display. Excavated in Gujarat and brought to Sri Lanka with full state honours, the relics are being exhibited for public veneration. President Anura Kumara Dissanayake inaugurated the exposition, underscoring its national and symbolic significance. Framed as a celebration of shared heritage rather than a political event, the exposition has already drawn large crowds of devotees, reinforcing the deep cultural and spiritual connections that link Sri Lanka and India by a Government that was once openly hostile to its northern neighbor before coming into power.

This ongoing event is not an isolated gesture. It forms part of a broader diplomatic reorientation that became especially visible during Indian Prime Minister Narendra Modi’s visit to Sri Lanka in 2025, which was framed under the theme ‘Friendship of Centuries, Commitment to a Prosperous Future.’ Modi, together with President Dissanayake, paid homage at the Jaya Sri Maha Bodhi in Anuradhapura, deliberately anchoring contemporary diplomacy in a shared sacred geography. During the visit, President Dissanayake conferred upon Modi the Sri Lanka Mitra Vibhushana Award. Taken together, these acts suggest a conscious effort by the current Government to recast Sri Lanka-India relations not as a grudging necessity driven by economic crisis, but as a historically grounded partnership.

The significance of these acts becomes interesting when situated within Sri Lanka’s domestic context. The current Government, led by the National People’s Power (NPP) is a coalition in which the Janatha Vimukthi Peramuna (JVP) plays a decisive ideological role. Historically, the JVP viewed India with deep suspicion, portraying it as a regional hegemony and an external threat to Sri Lanka’s sovereignty. The fact that a Government shaped by this political tradition is now presiding over a phase of deepened cooperation with India marks a notable political realignment. The movement that once led an anti-state, anti-India insurrection in the late 1980s has adopted a markedly contradictory approach to regional geopolitics after coming into power. This was further underscored when JVP General Secretary Tilvin Silva, currently on a visit to India, met with India’s External Affairs Minister Dr. S. Jaishankar to discuss strengthening bilateral relations, growth opportunities, and social welfare initiatives, signaling a clear shift from the party’s earlier positions on India.

Importantly, this shift extends beyond the political sphere. Public opinion also appears to be moving decisively in favour of closer engagement with India. A recent countrywide public perception survey conducted by the Social Scientists Association reveals a marked transformation in how Sri Lankans view India’s role. When asked which country provided the most effective disaster relief following Cyclone Ditwah, an overwhelming 88% of respondents identified India. This response goes beyond immediate gratitude for humanitarian assistance; it reflects a broader public recognition of India as a reliable and responsive regional partner in moments of crisis.

This popular recognition aligns closely with the material realities of Sri Lanka’s economic recovery. The renewed closeness with India carries significant economic and financial implications. In India’s 2026-27 budget, INR 4 billion was allocated specifically for Sri Lanka, representing a 33% increase over the previous year and signaling a sustained commitment that extends beyond episodic crisis support. For a small, crisis-hit economy like Sri Lanka, engagement with a rapidly growing Indian economy offers opportunities for recovery, investment, and infrastructure development. Hence, from a political economy perspective, India’s proximity could be less of a constraint and more of a prospect, but only if managed with careful strategy and foresight.

Survey findings suggest that public sentiment is broadly aligned with this recalibration. Sri Lankans appear to acknowledge India’s material assistance and to be largely receptive to the renewed partnership. The convergence of humanitarian aid, economic support, and shared cultural symbolism seems to have produced a level of public comfort with India that was far less evident in earlier decades. In this context, Buddhism has functioned as a morally coded, non-market language of partnership, one that helps soften the transactional nature of economic engagement and enjoys considerable popular legitimacy.

These dynamics, however, cannot be understood in isolation from the broader regional geopolitical context. At a time when India’s relations with several South Asian neighbours remain strained, maintaining stable and cooperative ties with Sri Lanka has become particularly important for India. Furthermore, India’s continued economic and diplomatic engagement with Sri Lanka must also be understood in the context of its efforts to counter China’s growing influence in South Asia and the Indian Ocean. Preventing Sri Lanka from getting close to China has therefore become a strategic priority for India, reinforcing its willingness to sustain assistance and engagement. This competitive regional environment, in turn, affords Sri Lanka a degree of bargaining space; one that can be used to diversify partnerships and negotiate terms more effectively.

Ultimately, the public recognition of India’s role after Cyclone Ditwah offers more than a snapshot of crisis-era goodwill. It signals a broader transformation in Sri Lanka’s political imagination, shaped by pragmatism, cultural familiarity, and economic necessity. The challenge ahead lies in sustaining this relationship in ways that preserve balance and choice, ensuring that cooperation does not harden into asymmetry. If navigated carefully, this emerging phase in Sri Lanka-India relations may succeed in aligning state strategy with popular sentiment. Survey findings indicate that public opinion may already be aligning in that direction.

New Zealand rout UAE for second T20 World Cup win

Tim Seifert and Finn Allen put on a record-breaking opening partnership as New Zealand made it two wins from two matches at the T20 World Cup with a 10-wicket defeat of the United Arab Emirates.

They guided New Zealand to a flawless victory with the highest partnership for any wicket in T20 World Cup history, breaking the previous mark of 170 held by England’s Jos Buttler and Alex Hales in a 10-wicket win over India in the 2022 semi-final.

Batting first in Chennai, half-centuries from captain Muhammad Waseem and Alishan Sharafu took the UAE to 173-6, a total they would have thought gave them a fighting chance against the 2021 finalists.

But any hope of a UAE challenge evaporated quickly as New Zealand openers Seifert and Allen produced a ruthless exhibition of hitting to help their side reach the target with 28 balls to spare.

New Zealand will next face South Africa in Ahmedabad on Saturday while the UAE meet Canada in Delhi on Friday.