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Metropolitan and People’s Micro Commerce partner to boost SME business in Sri Lanka

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By: Staff Writer

October 29, Colombo (LNW): The Small Medium Enterprise (SME) sector in Sri Lanka is a crucial component of the national economy, playing a vital role in inclusive economic growth, regional development, job creation, and poverty alleviation.

Recognized by the Government of Sri Lanka (GOSL) as an essential strategic sector, SMEs represent over 75% of the country’s businesses, contribute to 45% of employment, and account for 52% of the GDP. By facilitating regional transformation, SMEs encourage equitable development and create opportunities for women and youth, furthering economic participation across the nation.

Amidst the increasing globalization trend, the GOSL now views the SME sector not only as one that requires “protection and promotion” but as a key driver for “growth and development

In a move aligned with this vision, Metropolitan Technologies Ltd. has partnered with People’s Micro Commerce Ltd. to extend critical support to SMEs.

This partnership seeks to offer accessible microcredit facilities specifically for essential workplace solutions. By providing financial relief on startup and operational costs, this collaboration offers SMEs funding for essential overheads and equipment at a concessional rate, with funds made available within 36 hours.

This quick financing framework is expected to significantly boost SME activity and entrepreneurial ventures within the region, fostering economic dynamism.

Michael Pradeep Amirthanayagam, Director and Chairman of People’s Micro Commerce, expressed commitment to offering SMEs competitive rates on workplace solutions purchased through Metropolitan. He highlighted that this partnership would empower SME customers to overcome financial constraints that often limit access to advanced technology and essential services.

Given that SMEs comprise over half of Sri Lanka’s employment base, the need for modern workplace technology is rising. However, limited funding options have posed significant barriers to growth.

Through this partnership, SMEs will gain access to a wide range of solutions from Metropolitan’s product line, including IT and office equipment like computers, printers, air conditioners, power generators, CCTV systems, and digital imaging devices.

Ali Asgar Roshanali, Director and CEO of Metropolitan Technologies, underscored that Metropolitan is the only specialist workplace solutions provider in Sri Lanka offering a comprehensive range of products, from IT to energy solutions.

Roshanali highlighted that the initiative, which includes product warranty and after-sales service, is part of Metropolitan’s 66-year legacy of quality service and aims to bridge the technology affordability gap, thus helping SMEs transition toward a more technologically advanced future.

Available throughout Sri Lanka at M Centre branches and 30 People’s Micro Commerce offices nationwide, this program offers SMEs and startups substantial support to drive their growth and competitive edge in the marketplace. Through this strategic collaboration, Metropolitan and People’s Micro Commerce are helping to lay the foundation for a prosperous and resilient SME sector in Sri Lanka.

U.S. Ambassador Clarifies No Travel Ban on Sri Lanka amid Arugam Bay Security Alert

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By: Staff Writer

October 29, Colombo (LNW): U.S. Ambassador to Sri Lanka, Julie Chung, has clarified that the United States has not imposed a travel ban on Sri Lanka, and the recent security alert specifically advised Americans to avoid the Arugam Bay area temporarily.

Speaking on Monday 28 , Ambassador Chung emphasized that protecting U.S. citizens abroad is central to her role, noting the U.S. Embassy’s proactive collaboration with the Sri Lankan government in addressing this specific security threat.

Chung explained the Embassy’s “duty to warn” policy, which mandates notifying U.S. citizens, Embassy staff, and local authorities about any credible threats to American nationals.

She reiterated that this approach is a standard U.S. protocol applied worldwide. When a credible threat was identified in Arugam Bay, the U.S. Embassy promptly informed Sri Lankan officials, who responded swiftly, underscoring their dedication to national security and transparency.

The Ambassador further clarified that the U.S. has only advised Americans to avoid Arugam Bay and has not altered the country’s longstanding “Level 2” travel advisory, a status also shared by destinations like the Maldives, France, and Italy.

Emphasizing a continued commitment to Sri Lanka’s tourism and overall stability, Chung reaffirmed the U.S.’s support in helping Sri Lanka maintain a safe and inviting environment for visitors.

The recent security alert around Arugam Bay, a popular tourist destination in Sri Lanka, has stirred concerns for the country’s tourism sector and overall stability.

Although the specifics of the threat remain undisclosed, the U.S. Embassy’s prompt advisory urging American citizens to avoid the area highlights the severity of the risk. This alert, while not a full travel ban, still affects perceptions of safety, especially for a destination heavily reliant on tourism.

Arugam Bay is a significant draw for international tourists, especially surfers, and the alert could lead to a temporary dip in visitors—not only to this region but potentially to other tourist areas.

This decrease could disrupt the local economy and tourism industry, which is a key pillar of Sri Lanka’s recovery efforts post-COVID-19 and following the 2019 Easter Sunday attacks.

In response, Sri Lanka’s prompt collaboration with the U.S. Embassy shows a commitment to prioritizing safety, which is vital for rebuilding global confidence in the country as a secure destination.

Swift action by local authorities can help mitigate long-term reputational impacts by demonstrating proactive measures and international cooperation in addressing security threats.

The incident underlines the importance of transparent communication and collaboration with international partners, especially countries that contribute significantly to tourism.

 By maintaining a high level of responsiveness and clear communication, Sri Lanka can sustain its position as a trusted destination, helping to restore stability and reassure travelers.

Ceylon Chamber’s Thailand visit strengthens economic ties before the Free Trade deal

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By: Staff Writer

October 29, Colombo (LNW): In anticipation of the Free Trade Agreement (FTA) between Sri Lanka and Thailand, set to launch in January 2025, a delegation from the Sri Lanka–Greater Mekong Business Council visited Thailand.

Organized by the Ceylon Chamber of Commerce, the October 2024 mission sought to reinforce economic ties, attract foreign direct investment, and broaden trade opportunities between the two nations.

The delegation included 11 Sri Lankan business professionals across sectors such as pharmaceuticals, healthcare, tourism, agriculture, logistics, distilleries, apparel, gems and jewelry, food and beverages, and micro-financing.

These representatives engaged in interactive sessions with Thai industry leaders, gaining valuable insights into real-time operations and business practices.

The visit coincided with major trade exhibitions, LogiMAT Southeast Asia and LogiFOOD Southeast Asia 2024, held at BITEC Bangna, allowing Sri Lankan delegates to network and explore new avenues for collaboration.

 Led by Mr. Buwanekabahu Perera, Secretary General and CEO of the Ceylon Chamber of Commerce, and Mr. S.M.D. Suriyakumara, President of the SLGMBC, the mission was supported by Sri Lankan Ambassador to Thailand, Ms. E.A.S. Wijayanthi Edirisinghe.

The mission featured strategic meetings with the Thai Chamber of Commerce, the Board of Trade of Thailand, and the Thai–Sri Lanka Chamber of Commerce.

Discussions with key Thai counterparts focused on optimizing benefits from the forthcoming FTA and enhancing trade partnerships. The delegates also participated in B2B meetings facilitated by Thai trade organizations, exploring business development across various sectors.

They visited the Amata Nakorn Industrial Estate and Srithai Superware Factory to identify potential areas for technological and business collaboration.

This mission underscores the growing momentum in Sri Lanka-Thailand trade relations and demonstrates Sri Lanka’s strategic interest in Southeast Asia’s rapidly growing markets.

The delegation’s visit is expected to lay the groundwork for a productive trade environment as the FTA comes into effect, signaling a promising future for bilateral economic cooperation.

 As of 2024, Sri Lanka and Thailand are gearing up for the implementation of a Free Trade Agreement (FTA) set to take effect in January 2025. 

The agreement is anticipated to significantly boost bilateral trade, which has shown steady growth in recent years. 

Currently, Sri Lanka exports a range of goods to Thailand, including tea, gems, jewelry, seafood, and rubber, while Thailand exports electronics, machinery, vehicles, chemicals, and textiles to Sri Lanka.

Trade between the two countries remains asymmetrical, with Thailand holding a larger export volume. In 2023, the trade balance was heavily in Thailand’s favor, though both governments are working to increase Sri Lankan exports to Thailand and diversify trade activities. This is expected to bridge the trade gap and promote more balanced economic cooperation.

Sri Lanka Business Confidence Surges amid Election Optimism and Economic Growth

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By: Staff Writer

October 29, Colombo (LNW): With an upcoming general election, Sri Lanka faces a critical turning point as voters prepare to elect new members of parliament. Following the recent presidential election, the business sector reflects renewed optimism, spurred by a favorable outlook.

The World Bank has raised its growth projection for Sri Lanka to 4.4% this year, signaling economic stabilization after a prolonged period of uncertainty.

Notably, the LMD-PEPPERCUBE Business Confidence Index (BCI) jumped by 39 points in October to 139, a peak not seen in over three years.

This confidence surge aligns with steady improvements in economic indicators, including inflation stabilization and a current account surplus, according to David Sislen, the World Bank’s Country Director. The IMF’s latest review, culminating in October, underscored positive reforms and lent further confidence to international lenders, with Fitch Ratings acknowledging reduced debt risks.

However, uncertainties remain; the upcoming general election on 14 November will shape the future economic climate and could influence parliamentary power dynamics, affecting the momentum of ongoing reforms.

This climate of optimism suggests that, barring any dramatic shifts in the political landscape, Sri Lanka’s business confidence is poised to remain steady, reflecting the overall positive sentiment of the business community in navigating potential challenges and growth opportunities.

Meanwhile, the business community has had its say on the outcome of the presidential election with optimism reigning supreme LMD high lighted. .

And in a welcome external economic assessment, the World Bank increased its growth forecast for this year to 4.4 percent (and a more modest 3.5% for 2025) – from 2.2 percent previously.

“Sri Lanka’s recent economic stabilisation, marked by four quarters of growth and a current account surplus in 2023, is a significant milestone,” affirmed David Sislen – the World Bank’s Country Director for Maldives, Nepal and Sri Lanka – in a 9 October news release.

THE INDEX In October, the LMD-PEPPERCUBE Business Confidence Index (BCI) surged by a whopping 39 basis points to reach 139 – the highest in as many as 42 months.

To put this spike in perspective, the last time the BCI gained as much ground in a month was back in January 2021, when Sri Lankans breathed a sigh of relief upon receiving news that the COVID-19 vaccine would be available to them.

Moreover, this is the highest point the index has reached in 2024 and marks the third time it registered triple digits this year – the previous instance being three months ago when the official rate of inflation began to fall to manageable levels.

PepperCube Consultants observes that despite the uncertainties faced by corporates in recent months, the election outcome has been positively received.

It adds that optimism about both the economy and business activity has risen significantly, following a period of heightened caution and a ‘wait and see’ mindset leading up to the 21 September election.

Lanka T10 Super League to host first-ever Player Draft on Nov 10

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October 29, Colombo (LNW): Sri Lanka Cricket has announced that the inaugural Lanka T10 Super League Player Draft will be held in Colombo on 10 November 2024.

The tournament, set to run from 12 to 22 December, will introduce six franchise teams competing in the dynamic T10 format, attracting both local and international cricket talent.

Each franchise will build a squad of up to 17 players, with a minimum of 15 required.

Player registration for the draft will close on 1 November, while franchises have until 5 November to finalise six direct player signings from categories that include an Icon, Platinum, Category A, and Category B players, each featuring both Sri Lankan and overseas talent.

The draft structure includes 11 rounds. The first round will follow a manual draw, while subsequent rounds will employ an algorithm-based randomiser to determine selection order, ensuring a fair opportunity for all teams.

Top-tier players will be selected in the opening two rounds, where each franchise can secure one local and one international player for US$35,000 each (Category A).

Rounds three and four will focus on Category B players at US$20,000 each, also split between Sri Lankan and overseas athletes.

In rounds five to seven, teams will add two local players and one international player at US$10,000 (Category C).

Emerging talent rounds will conclude the draft, with Round 8 for a Sri Lankan emerging player and Round 9 for an emerging player from either Zimbabwe or the West Indies, both at US$2,500.

The Lanka T10 Super League is set to create a vibrant, fast-paced cricketing experience, strengthening the sport’s appeal in Sri Lanka while offering players a new platform to showcase their skills.

AG pledges swift action on salary disparities for teacher advisors

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By: Isuru Parakrama

October 29, Colombo (LNW): The Attorney General’s Office has assured the Supreme Court that steps will be promptly taken to address salary disparities within the Sri Lanka Teacher Advisors’ Service.

This commitment was conveyed by Deputy Solicitor General Yuresha de Silva on behalf of the Attorney General during a hearing on 29 October.

The matter arose through a Fundamental Rights petition filed by the All Island Teacher Advisors’ Association, highlighting the discrepancy between the salaries of Teacher Advisors and classroom teachers.

Representing the petitioners, Attorney-at-Law Nuwa Bopage argued that the current salary structure has resulted in significant injustice, with advisors earning less than the teachers they support.

In response, the Deputy Solicitor General confirmed the government’s commitment to correcting the pay gaps, stating that adjustments would be made shortly.

Given these assurances, the court concluded the hearing, with the petitioners expressing satisfaction with the Deputy Solicitor General’s response.

No funds allocated for public sector pay rise: Govt responds to misleading reports

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By: Isuru Parakrama

October 29, Colombo (LNW): Cabinet Spokesman and Minister Vijitha Herath announced that there are no funds currently available to implement salary increases for public sector employees, in stark contrast to the claims made by the former administration.

The statement followed a report by Mr. Udaya R. Seneviratne, revealing that since January, no budgetary provision has been made to support any salary increments.

Minister Herath acknowledged that while the Cabinet can set policy directions, there is currently no fiscal route to support salary increases.

Former President Ranil Wickremesinghe on a previous occasion condemned the current administration for not releasing adequate funds for the expected increment for public sector salaries. He demanded that the NPP-led regime should clarify as to what happened to the allocated funds, had the government decided to not act on the proposal.

Prime Minister (Dr.) Harini Amarasuriya slammed the former President’s comments, emphasising that despite the previous administration’s announcement of making such an increase, no approval has been granted by either the Treasury to date, nor had there been any allocation of funds for the purpose, deeming it an election promise of exploitive nature made by Wickremesighe ahead of the 2024 Presidential Polls.

In early 2024, a directive was issued to adjust public sector allowances and pensions. However, Herath addressing today’s post-Cabinet briefing clarified that for the time being, financial relief is limited to an interim payment of Rs. 5,000 per month, which will continue until March 2025.

This arrangement leaves the long-promised pay rise uncertain.

“The public was misled regarding these commitments,” Herath said, and pledged that his government would prioritise transparency.

Whilst reaffirming the Cabinet’s dedication to fulfilling salary promises, he noted that any substantial increase would be only realistic from 2025 onwards.

Supreme Court allows inclusion of ex-President RW in IGP appointment challenge

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By: Isuru Parakrama

October 29, Colombo (LNW): The Supreme Court of Sri Lanka has granted permission to name former President Ranil Wickremesinghe as a respondent in a petition contesting the appointment of Deshabandu Tennakoon as Inspector General of Police (IGP).

The case was brought forward by the Young Journalists’ Association, which raised concerns regarding Tennakoon’s suitability for the position.

The petition was reviewed today (29) by a two-member bench comprising Justices Preethi Padman Surasena and Janak de Silva.

During the proceedings, President’s Counsel Saliya Peiris, representing the petitioners, sought the court’s approval to include Wickremesinghe as a party to the case, highlighting the former President’s role in the appointment process.

In a significant ruling, the court allowed this request and has scheduled the next hearing for 11 November, when the petition will be recalled for further consideration.

US Embassy in SL and WhimsicalWits unveil “Cyber Hero” App to promote digital safety amongst youth

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By: Isuru Parakrama

October 29, Colombo (LNW): The U.S. Embassy in Sri Lanka, in collaboration with local game studio WhimsicalWits, launched Cyber Hero—a mobile app aimed at educating young people and marginalised communities about online safety and responsible digital conduct.

This initiative, launched yesterday (28) as part of the Protecting Online Rights of Changemakers (PORCH) project, was introduced during an event at the American Centre in Colombo, aligning with Cybersecurity Awareness Month, which promotes secure online behaviour worldwide.

Cyber Hero is a free app available on the Google Play Store, uniquely designed to simulate real-world digital safety challenges, helping users learn to identify and respond to threats such as phishing scams, malware, and privacy breaches.

Developed by WhimsicalWits, a female-led game development studio in Sri Lanka, this initiative underscores the commitment of both the U.S. and Sri Lankan teams to advancing cybersecurity awareness and digital literacy.

During the launch, U.S. Ambassador Julie Chung, joined by WhimsicalWits Managing Director Uthpala Pathirana, led a demonstration of the app to an audience of media, youth leaders, and other key stakeholders.

Ambassador Chung highlighted the pressing need for cybersecurity education, emphasising how Cyber Hero offers practical tools that young people and community members can use to protect themselves online.

“Cybersecurity isn’t just a global issue; it’s personal and local. We are thrilled to see how Cyber Hero—developed by the talented young team at WhimsicalWits—will contribute to a smarter, safer digital world,” said Chung.

She added that by providing this tool free of charge, the U.S. Embassy aims to cultivate a culture of digital responsibility that benefits individuals, families, and communities.

The app’s design emphasises engaging gameplay that makes learning about cybersecurity accessible and enjoyable. Users encounter various interactive scenarios in a 3D environment, learning digital rights concepts through immersive experiences.

The narrative of Cyber Hero was crafted by Digitally Right, a Bangladeshi organisation known for developing educational digital content, ensuring the storyline resonates with a young audience across South Asia.

WhimsicalWits, the studio behind Cyber Hero, is a pioneering game development and animation studio in Sri Lanka. Operated by a predominantly female team, it forms part of Digital Turtles, a regional organisation dedicated to digital advocacy and strategy. Known for its expertise in creating impactful digital storytelling experiences, WhimsicalWits focuses on projects that encourage responsible online behaviour and advance digital literacy across communities.

“This project has been both a challenge and an opportunity,” noted Uthpala Pathirana. “Our goal is to make complex digital safety concepts more relatable and engaging, giving young users confidence as they navigate the digital world.”

Cyber Hero’s development was supported by Internews and funded by the U.S. Embassy as part of its wider initiative to foster cybersecurity and digital safety in Sri Lanka.

The app’s global launch at the American Centre Colombo was a collaborative effort, demonstrating the U.S. Embassy’s commitment to strengthening educational and cultural ties with Sri Lanka.

The American Centre serves as a central space for programmes, discussions, and cultural exchange, helping to connect Sri Lankan communities with U.S. values and knowledge-sharing resources.

With locations in Colombo, Jaffna, Kandy, Matara, and Batticaloa, these American Spaces provide a range of resources, from English language workshops to discussions on U.S. society, film screenings, and storytelling sessions.

Cyber Hero can be downloaded at www.whimsicalwits.com/cyberhero.

Public encouraged to reserve passport applications for urgent needs only

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By: Isuru Parakrama

October 29, Colombo (LNW): Cabinet spokesman and Minister Vijitha Herath has advised the public to limit passport applications at the Department of Immigration & Emigration to urgent cases only.

Speaking at today’s (29) post-Cabinet briefing, Herath explained that those without immediate travel requirements are encouraged to delay applications, as there is adequate stock available to meet future demand.

The Department is currently processing around 1,600 passports daily to keep up with requests, prioritising essential and time-sensitive applications.

This measure aims to streamline services and ensure that critical needs are met promptly, while reducing unnecessary crowding at the Department, he emphasised.