Embassy in Cairo engages with Egyptian Businessmen’s Association

Sri Lankan Ambassador to Egypt Ambassador Sisira Senavirathne, accompanied by officials of the Embassy, met with the Egyptian Businessmen’s Association (EBA) Executive Director Dr. Mohamed Youssef, and senior officials at the EBA Headquarters in Cairo on 20 July 2026 to discuss avenues for strengthening bilateral trade, investment, and broader economic cooperation between Sri Lanka and Egypt.

The discussions focused on expanding bilateral trade and investment ties and enhancing collaboration between the business communities of the two countries through the EBA. Highlighting the importance of strengthening business-to-business engagement, Ambassador Senavirathne proposed reviewing and revitalising the implementation of the Memorandum of Understanding previously signed between the Ceylon Chamber of Commerce and the Egyptian Businessmen’s Association.

Ambassador Senavirathne also briefed the EBA officials on Sri Lanka’s growing trade and investment potential and invited Egyptian investors to explore mutually beneficial opportunities in priority sectors. The officials were also briefed on Sri Lanka Expo 2027, the country’s flagship trade and investment promotion event, scheduled to be held in Colombo from 14 to 17 January 2027, and the Egyptian Businessmen’s Association was invited to participate with a business delegation.

Egyptian Businessmen’s Association Executive Director Dr. Mohamed Youssef, reaffirmed the Association’s commitment to working closely with the Embassy to further promote bilateral trade, investment, and commercial partnerships. Both sides agreed to pursue collaborative initiatives, including virtual business meetings, promotional events, and engagements between business entities to strengthen business-to-business linkages, with particular emphasis on encouraging the participation of Egyptian companies in Sri Lanka Expo 2027.

Sri Lanka outclasses Malaysia to secure maiden victory at Asian Netball Championship

Sri Lanka registered its first victory at the Asian Netball Championship 2026 currently underway in Hong Kong with an impressive 66-52 win over Malaysia, delivering a strong statement performance after a mixed start to the tournament.

The Sri Lankan team showed dominance from the outset, controlling the tempo of the game and capitalising on their attacking opportunities. They established an early lead by producing a disciplined and energetic display in the opening two quarters, heading into halftime with a comfortable 32-26 advantage.

Their defensive unit played a crucial role in limiting Malaysia’s scoring chances, while the shooters maintained consistency under pressure. The mid-court players also contributed significantly, ensuring smooth transitions and maintaining possession throughout the game.

Sri Lanka further strengthened their grip on the match during the third quarter, where they outplayed Malaysia with a commanding 18-10 scoring run. This decisive phase effectively tilted the contest in Sri Lanka’s favour, as they widened the gap and left Malaysia struggling to recover.

Although Malaysia attempted a late comeback in the final quarter, scoring 17 goals compared to Sri Lanka’s 16, the effort proved insufficient to overturn the deficit. Sri Lanka’s earlier dominance ensured they remained firmly in control and comfortably closed out the match with a 14-goal margin.

This victory comes as a much-needed boost for the Sri Lankan side, who entered the match under pressure following their opening fixtures. They began their campaign with a hard-fought 57-57 draw against hosts Hong Kong, showcasing resilience but missing out on a win. However, they were unable to maintain momentum in their second outing, suffering a 62-51 defeat against Singapore.

The win over Malaysia not only revives Sri Lanka’s campaign but also strengthens their position in the group standings as they aim to secure a place in the knockout stages.

Looking ahead, Sri Lanka faces a crucial challenge as they prepare to take on India in their next group match scheduled for tomorrow. India, traditionally a strong contender in Asian netball, is expected to provide a stern test for the Sri Lankan team.

Following that encounter, Sri Lanka will meet Maldives in their final group-stage match the day after, a game that could prove decisive in determining their progression in the tournament.

With renewed confidence and momentum from this victory, Sri Lanka will be eager to build on their performance and maintain consistency in the upcoming matches. If they can replicate the discipline, teamwork, and intensity displayed against Malaysia, they remain well in contention to advance further in the championship.

The team’s ability to bounce back after a defeat highlights their resilience and determination, qualities that will be vital as the competition intensifies in the coming days in Hong Kong.

Major Clubs Women’s 50-over tournament SSC, Panadura SC, Army and Air Force win in opening weekend

SSC, Panadura SC and the two forces teams Army SC and Air Force SC won their respective matches in the opening weekend of the Major Clubs Women’s 50-over tournament.

SSC squeezed through to a thrilling two-wicket win against Badureliya CC at Ananda Mawatha. Having bowled Badureliya CC out for 99 off 38 overs, SSC slumped to 91-8 before their ninth wicket pair Inoshi Fernando (16*) and Chamodi Herath (5*) took them past the winning target. Sanjana Kavindi’s 46 off 89 balls (3 fours) for Badureliya CC was the top score of the match while spinners Inoshi Fernando and Sanuki Pathirage shared six wickets between them for SSC.

National cricketer Nilakshika Silva led from the front scoring an unbeaten century (120* off 90 balls, 12 fours, 2 sixes) as Panadura SC thumped Colts by a massive 140 runs at Colts grounds. Panadura SC were 86-3 when Nilakshika walked in and took complete control of the innings sharing in a stand of 84 off 71 balls with Rashmika Sewwandi (30) which was the highest of the innings. Colts were bundled out for 136 with seamer Piumi Wathsala taking 3/17.

CCC fell short by 16 runs to overhaul Army SC’s total of 177 at the CCC grounds. Imalka Mendis (41) and Nethmi Senaratna (46) were the principal scorers for Army SC. CCC recovered from losing their first six wickets for 82 to carry the fight to Army SC with Madhuri Samuddika (29) and Subadra Sawani (45*) coming together in a partnership of 60. But once the stand was broken CCC lost their last three wickets for one run. Seamers Randi Premarathne and Sandani de Silva took three wickets apiece.

In a low scoring game at Air Force grounds, Katunayake, Air Force SC beat Ace Capital CC by 10 wickets. Ace Capital CC were shot out for 54 by left-arm spinner Tharuka Shehani (6/11 off 9 overs) with only one batter getting into double figures. Air Force SC knocked the runs off 7.5 overs. – [ST]

ZIMANTRA becomes Sri Lanka’s first ISO 9001:2015 -certified integrated sports and wellness destination

ZIMANTRA, the integrated sports, wellness and lifestyle destination in Battaramulla, has been awarded ISO 9001:2015 certification for its Quality Management System following an independent assessment by Bureau Veritas.

The internationally recognised certification reflects the systems and processes that underpin the organisation’s day-to-day operations, providing an externally verified framework for quality management, continuous improvement and consistency across the business.

Founded on the belief that healthier lives are built through connected experiences rather than isolated services, ZIMANTRA brings together strength and conditioning, aquatic sports, racquet sports, recovery services, children’s programmes and premium workspace facilities within a single destination. As the organisation has grown, the need for internationally recognised operating standards has become increasingly important.

‘Members naturally judge us by what they experience when they walk through our doors,’ said ZIMANTRA Ltd., Managing Director Migara Gunatilaka. ‘What they don’t see are the processes that make those experiences consistent every day. Pursuing ISO certification was about strengthening those foundations, creating accountability within the organisation and ensuring that as we continue to grow, the quality of our service grows with us.’

For members, the certification supports a structured approach to service delivery across every part of the organisation, from facility maintenance and equipment management to staff training, safety procedures and continuous operational improvement.

The achievement represents another step in ZIMANTRA’s long-term development strategy as it continues to expand its facilities and services. Recent investments have included dedicated recovery facilities, new cricket infrastructure and the continued evolution of its integrated sports and wellness offering.

SLPP General Secretary Sagara Kariyawasam arrested

Sri Lanka Podujana Peramuna (SLPP) General Secretary Sagara Kariyawasam was arrested yesterday by the Central Crime Investigation Bureau (CCIB) over remarks concerning an alleged plot to assassinate the Inspector General of Police (IGP).

Kariyawasam had been summoned to appear before the CCIB at 10:30 a.m. yesterday in connection with the remarks and was arrested following his appearance.

He had earlier maintained that his comments concerning the IGP had been misinterpreted.

Arana Bhikkhu Giman Hala marks 10 years of service

Arana Bhikkhu Giman Hala, dedicated to facilitating Maha Sangha in-transit, celebrated 10 years of meritorious service yesterday (10).

The main purpose of this endeavour is to assist members of the Venerable Maha Sangha, especially from Theravada forest monasteries worldwide, in-transit in Colombo.

Situated in Battaramulla, within walking distance from the ‘Suhurupaya’ Office of the Immigration and Emigration Department, it facilitates foreign nationals in robes to work out their visa formalities.

There are over 200 foreigners from over 20 nationalities who have donned the robe of the Buddhist Clergy and meditated in the forests in Sri Lanka. They go on Pindapatha Charika or alms rounds in the mornings with their begging bowls and do not get involved in any financial transactions whatsoever, whether barter, monetary, or otherwise. Some of them sleep on the floor, not using any pillows.

Even when these members of the Venerable Maha Sangha occupy Arana Bhikkhu Giman Hala in-transit and on a temporary basis, they adhere to all the Vinaya rules or code of conduct relating to the Venerable Maha Sangha. They go on Pindapatha Charika in the vicinity and neighbours are thrilled to offer food. Transport is only by offerings from dayaka dayikas, either by their own vehicles or taxi services. If using public transport, they use ‘Bhikkhu Coupons’ offered to them by dayaka and dayikas. These are vouchers issued by the Sri Lanka Transport Board (SLTB) and Sri Lanka Railways (SLR), which could be exchanged for tickets in SLTB buses and SLR trains.

The motto of this establishment is ‘Let us strive to realise the three characteristics of life… …By wise attention.’

These devotees launched a YouTube channel six years ago to facilitate interested parties to gain knowledge of the Dhamma by keeping in touch and Q and A with erudite and learned Venerable Bhikkhus and Bhikkhunis worldwide. The motto of the channel is ‘Along the Noble Path – Dialogues with Kalyanamias.’

They were also instrumental in initiating the establishment of the very first Theravada Buddhist Bhikkhuni Meditation Centre in New Zealand with the advice, assistance, and concurrence with the first Kiwi Upasampada Bhikkhuni.

The next project envisaged is the building of two meditation zones in the Nilambe area, with minimum basic needs for living. The members of the Venerable Maha Sangha resident in these zones will be on Pindapatha Charika daily in the mornings for food. The zone has a naturally very-well ventilated room with water supply and toilet facilities. A meditation path with a meditation seat (Sakman Maluwa and Sakman Asanaya) is required, along with solar power to be used to light up the garden for security purposes.

Sampath Bank and Abans Group to meet in MCA Champions League final

Sampath Bank and Abans Group defeated MAS Intimates by six wickets and LOLC Holding by three wickets respectively on Saturday to qualify for the final of the MCA – Honour Champions League Cricket Tournament 2026

At the DHH Sports Complex in Negombo, electing to bat first MAS Intimates anchored by half centuries from Sangeeth Shehara (66 off 74 balls) and Sasiri Adikari (69 off 63 balls) were able to post a defendable 258. Abhishek Anandakumar was the pick of the eight bowlers used by Sampath Bank with 5-30 off 6.4 overs.

In the chase, half centuries from Hansaja Bandara (65 off 81 balls) and Dulaj Ashen (60* off 85 balls) and a 33 ball 45 from Chamath Dilsara helped Sampath Bank reach the target with six wickets in hand and 8 balls remaining.

At the FTZ Grounds in Katunayake, Abans Group were able to restrict LOLC Holding to 154 runs. In the chase a run a ball 50 from Mihiranga Fernando and an unbeaten 44 off 50 balls by Shalith Fernando helped them win the game with three wickets in hand and fifteen overs remaining.

Scores:

n At DHH Sports Complex Negombo

Hansaja, Dulaj and Chamath propel Sampath Bank to a six wicket win

MAS Intimates 258/10 in 49.4 overs (Sangeeth Shehara 66, Sasiri Adhikari 69; Dulaj Ashen 3-32, Abhishek Anandakumara 5-30)

Sampath Bank 260/4 in 48.4 overs (Chamath Dilsara 45, Hansaja Bandara 65, Dulaj Ashen 60*; Ayesh Harshana 2-65)

n At FTZ Ground Katunayake

Mihiranga and Shalith power Abans to a three wicket win

LOLC Holding 154/10 in 46.4 overs (Shihan Fernando 28; Savindu Uthsara 2-25, Sudara Dakshina 2-20)

Abans Group 158/7 in 35 overs (Mihiranga Fernando 50, Shalith Fernando 44*; Danushka Udara 4-19)

T-Bond yields extend decline on strong buying

The secondary Bond market yesterday continued to see yields declining across the curve amid strong buying interest and trading volumes.

Wealth Trust Securities said persistently high market liquidity and limited Treasury Bond supply at August auctions continued to support the rally.

The sharper moves were seen in 2030-31 tenors, with yields falling by up to 16 basis points, while longer maturities also declined. The 15 October 2034 yield fell to 11.97% from 12.1%, while the 1 July 2037 yield declined to 12.5% from 12.6%.

Tax concessions to BOI, strategic projects top Rs. 276 b

Sri Lanka’s tax concessions to Board of Investment (BOI) enterprises and Strategic Development Projects (SDPs) remain substantial, with official data putting identified tax expenditure across corporate income tax, Value Added Tax (VAT), and border levies at over Rs. 276 billion, highlighting the fiscal cost of investment incentives at a time of increased focus on revenue mobilisation.

This is according to a Finance Ministry ‘Tax Expenditure Report – 30 June 1026.’ However, the report covers different tax periods and therefore should not be treated as a single-period revenue loss. Corporate income tax figures relate to the 2024/25 basis year, VAT data cover the first quarter of 2026, while Customs Import Duty (CID), Ports and Airports Development Levy (PAL), and CESS figures run through end-May 2026. The report also does not quantify the investment, employment, exports, or other economic benefits generated in return for the concessions, preventing an assessment from these data alone of their net fiscal or economic impact.

The latest Tax Expenditure Report shows BOI corporate income tax expenditure alone at Rs. 171.37 billion for the 2024/25 basis year, calculated against the standard 30% corporate income tax rate. The underlying BOI tax base was just over Rs. 1 trillion.

The largest component arose from BOI enterprises taxed at 14%, where a tax base of Rs. 623.26 billion generated an estimated Rs. 99.72 billion in tax expenditure relative to the standard rate. Enterprises subject to a zero corporate income tax rate accounted for a further Rs. 52.97 billion in tax expenditure.

Separately, SDPs recorded corporate income tax expenditure of Rs. 18.39 billion on a tax base of Rs. 61.28 billion for 2024/25. The projects were subject to a zero tax rate compared with the 30% standard rate used in calculating the expenditure.

Tax expenditure extends beyond corporate income tax. Sri Lanka Customs data show BOI enterprises received Rs. 76.13 billion in concessions on CID, PAL, and CESS through 31 May 2026. This comprised Rs. 36.86 billion in CID, Rs. 23.05 billion in PAL, and Rs. 16.22 billion in CESS.

SDPs accounted for another Rs. 886 million in expenditure on the three border taxes, while Colombo Port City-related tax expenditure amounted to Rs. 24.3 million during the same period.

On VAT, BOI tax expenditure amounted to Rs. 9.58 billion during 1Q 2026 on a tax base of Rs. 53.2 billion, according to Inland Revenue Department (IRD) data based on taxpayer declarations.

Manufacturing accounted for the largest share, led by the ‘Manufacturing – Others’ category with Rs. 5 billion in VAT expenditure. Wholesale and retail services followed at Rs. 3.45 billion, while textiles and garments accounted for Rs. 349 million.

SDPs recorded a further Rs. 43 million in VAT expenditure during 1Q.

Thirty years after Mullaitivu

Thirty years have passed since the fall of the Mullaitivu garrison in 1996, one of the darkest chapters in Sri Lanka’s military history. The destruction of the isolated military base by the LTTE claimed the lives of nearly 1500 servicemen and marked the first time the Tigers succeeded in overrunning and capturing a major military installation. It remains a defining moment not only because of the scale of the defeat, but because of the unanswered questions that continue to haunt the living three decades later.

More than 1,400 personnel, comprising members of the Sri Lankan Army, Navy, Police and civilian administrative staff, were stationed at Mullaitivu when the LTTE launched its meticulously planned assault. Despite desperate resistance, the garrison was overwhelmed within days. A relief operation mounted by some of the country’s finest fighting formations, including the Special Forces and Commando Regiment, fought courageously through intense enemy resistance in an attempt to rescue the besieged garrison.

Among those who displayed extraordinary courage was Colonel Fuzly Laphir, whose leadership and gallantry have become part of the proud tradition of the Sri Lankan Army. Together with countless officers and soldiers who risked, and in many cases sacrificed, their lives in the rescue effort, Colonel Laphir embodied the highest ideals of military service of duty, courage and selfless commitment to comrades under fire. Although the mission was ultimately unsuccessful, the heroism of those who fought to reach Mullaitivu deserves to be remembered alongside the sacrifice of those trapped inside the garrison.

In the aftermath of the battle, the Government of the day officially acknowledged only a fraction of the deaths. Nearly 1,200 military personnel were categorised as Missing in Action (MIA). Evidence subsequently emerged that many had surrendered before being summarily executed by the LTTE, constituting a grave violation of international humanitarian law and an undeniable war crime. Others simply disappeared, leaving their families in agonising uncertainty.

The decision to classify so many personnel as MIA rather than dead reflected more than administrative caution. It represented a profound failure of accountability. Families were denied certainty, proper recognition of their loved ones’ sacrifice, and the opportunity to grieve with dignity. Three decades later, many still do not know where their sons, husbands or fathers lie.

There are many demands, quite rightly, to devote attention to allegations of enforced disappearances committed by state actors during the conflict. Those cases deserve thorough investigation and justice. However, justice cannot be selective. The disappearance and execution of surrendered military personnel under LTTE custody cannot be relegated to a forgotten footnote simply because the perpetrators were a non-state armed group. The principle of accountability must apply equally to every victim.

This anniversary should therefore serve as a reminder of the continuing importance of the Office on Missing Persons. Its mandate extends to all victims of Sri Lanka’s conflicts, irrespective of who caused their disappearance. Even where survivors cannot be found, every effort must be made to locate remains, establish identities through modern forensic methods, and provide families with the dignity of a proper burial and official recognition.

Our recent history has been scarred by war, insurrection and political violence, leaving tens of thousands missing across every community. Reconciliation cannot be built upon selective memory or competing narratives of suffering. It requires an unwavering commitment to truth, compassion and equal justice.

Thirty years after the Mullaitivu battle, honouring the fallen demands confronting uncomfortable truths, acknowledging every victim, and ensuring that no family, whether civilian or military, is left waiting indefinitely for answers. Only when the missing are accounted for, and every family is afforded dignity and closure, can Sri Lanka truly claim to have learned the lessons of its painful past.