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Sri Lankan innovation, startup potential dazzle at AsiaBerlin

Daily FT

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January 26, 2026

SRI Lanka captured global attention at the AsiaBerlin Summit 2025, showcasing the country's expanding innovation and startup potential.

Through a dynamic delegation of tech companies and high-level networking, the country demonstrated the strength, adaptability, and entrepreneurial spirit driving its digital economy.The summit provided a platform to position Sri Lanka's innovation ecosystem and build meaningful connections in Europe, emphasising the role as an emerging partner in the international startup community.

Sri Lanka's relationship with the AsiaBerlin Forum began in April 2021, when Sri Lankan Ambassador to Germany Manori Unambuwe facilitated the signing of a Memorandum of Understanding (MoU) between the AsiaBerlin Forum and the Information and Communication Technology Agency of Sri Lanka (ICTA). That partnership led to the first Sri Lanka Satellite Event at AsiaBerlin Forum 2021, laying groundwork for what would become an increasingly substantial presence.

Backed by the Export Development Board (EDB), the collaboration deepened through 2023 and 2024, with Sri Lankan delegations attending both summits and engaged in founder development programs, investor matchmaking, and market access initiatives.

However, 2025 marked a turning point with Sri Lanka making a strong impression at the AsiaBerlin Summit 2025. Under the leadership of Chief Adviser to the President on Digital Economy Dr. Hans Wijayasuriya, a Sri Lankan delegation of 11 innovative technology companies representing healthtech, biotech, HRtech, greentech, e-mobility, fintech, deeptech, and the creative industries, showcased the country's innovative ecosystem, building valuable connections in Europe.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Daily FT

Fresh talks on port and Customs issues but no breakthrough

Talks on outstanding issues concerning operations of Colombo Port and Customs take place recently, though no significant breakthrough

time to read

2 mins

January 26, 2026

Daily FT

Land prices in outskirts soar as city growth stabilises: LPI 2025

SRI Lanka's land market maintained solid growth in 2025, with the Colombo suburbs and Western Province districts emerging as key drivers, according to the latest Land Price Index (LPI) 2025 (updated) published by LankaPropertyWeb (LPW).

time to read

2 mins

January 26, 2026

Daily FT

Darley Butler buys 10% stake in York Arcade for Rs. 198 m

DARLEY Butler & Co. Ltd., has increased its stake in York Arcade Holdings PLC to 10.6% following a market purchase of 15 million shares totalling Rs. 198 million.

time to read

1 mins

January 26, 2026

Daily FT

IFC tells Sri Lanka: Remember economic crisis, push back against bad policy

IFC South Asia Manager - Country Advisory and Economics Gregory Smith says GDP per capita rebound to $ 4,800 credits stabilisation and reform-driven turnaround Warns complacency risks undoing IMF-anchored macro stability Most disappointing indicator is FDI, which remains weak despite recovery, with capital spending and reforms lagging 10 years of macro stability, above everything else, needed to lift growth to 7% and double economy

time to read

3 mins

January 26, 2026

Daily FT

Port City progresses with first $112 m and 231-unit luxury residential project breaking ground

SRI Lanka's most ambitious urban development project reached a critical execution milestone, as construction officially commenced on the first residential development within Port City Colombo.

time to read

2 mins

January 26, 2026

Daily FT

Daily FT

Pillar Two of the OECD: Silent death of tax holidays

THE global minimum corporate tax rate is part of the OECD Inclusive Framework initiative known as Pillar Two.

time to read

8 mins

January 26, 2026

Daily FT

IFC invests $ 166 m to support Sri Lankan businesses, drive economic growth

REINFORCING its long standing commitment to Sri Lanka’s private sector, the International Finance Corporation (IFC), a member of the World Bank Group, yesterday announced a high-impact investment program of $ 166 million to support Sri Lankan businesses and accelerate the country's transition from economic stabilisation to sustainable growth.

time to read

3 mins

January 26, 2026

Daily FT

Daily FT

Babar returns as Pakistan name T20 World Cup squad despite tournament doubt

FORMER Captain Babar Azam has returned to Pakistan’s squad for the T20 World Cup, a day after their Cricket Board Chief cast doubt over the team’s participation in the global showpiece, which begins on 7 February.

time to read

2 mins

January 26, 2026

Daily FT

Govt. disburses Rs. 18 b to 84% of Ditwah-hit households

Ditwah relief allowances to eligible households so far total Rs. 21.5 b Allowances include Rs. 50,000 for essential household and kitchen equipment, Rs. 25,000 for cleaning and sanitation and Rs. 15,000 for students

time to read

3 mins

January 26, 2026

Daily FT

Sajith discusses grievances of MSMEs

OPPOSITION Leader Sajith Premadasa recently convened a meeting with Micro, Small and Medium-sized Enterprise (MSME) stakeholders to engage in a comprehensive discussion on the critical challenges currently confronting the sector.

time to read

1 min

January 26, 2026

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