An Echelon Media Company
Saturday March 2nd, 2024

Sri Lanka food festival in 17-year mission to bring Jaffna closer to Colombo

ECONOMYNEXT – A food festival featuring cuisine from Sri Lanka’s Jaffna peninsula which was started during Sri Lanka’s civil war by Ramada Colombo hotel, is continuing its mission of bringing communities together, organizers said.

Ramada Colombo started the Jaffna food festival, or ‘Yaal Virindu’ when few people in the north or south had access to each other due to a civil war.

“Yaal Virindu was started in 2002 when the war was still going on, the A9 was closed and people in the South had no access to the north,” Marketing Manager of Ramada Colombo Nishan Seneviratne said.

“Therefore the idea was to bring the food and flavours of Jaffna to Colombo for all of us to enjoy.”

Though influenced by South India, many Jaffna dishes have a distinctive flavor.

Most dishes are prepared using odiyal flour, tamarind, a special curry powder using kochchi miris and other ingredients found in the region and is generally very spicy

“Jaffna Cuisine is very distinct and different to the food native to the southern part of the island. The flavours and preparation vary a great deal,” said chef Niranjan Samarakkody said.

Iconic dishes include Odiyal Kool Soup (a seafood and vegetable broth), fiery crab curry or ‘Nandu sodhi and ‘Pal appam’ or milk hoppers.

Chefs from Jaffna come to Colombo for the festival which is held from September 05 to 15 every year.

“As one of the first hotels in Colombo to introduce the Jaffna Food Festival, Ramada Colombo’s Yaal Virindu has, over the years developed the reputation as providing the city’s most authentic dining experience,” says General Manager Wasim Cader.

Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Sri Lanka eyes SOE law by May 2024 for better governance

ECONOMYNEXT – Sri Lanka is planning to pass a Public Commercial Business (PCB) Act improve governance of state-owned enterprise by May 2024 as part of an anti-corruption efforts following an International Monetary Fund assessment.

Sri Lanka’s state enterprises have been used by politicians to give ‘jobs of the boys’, appropriate vehicles for personal use, fill board of directors and key positions with henchmen and relatives, according to critics.

Meanwhile macro-economists working for the state also used them to give off-budget subsides or made energy utilities in particular borrow through supplier’s credits and state banks after forex shortages are triggered through inflationary rate cuts.

The government has taken billons of dollars of loans given to Ceylon Petroleum Corporation from state banks.

There have also been high profile procurement scandals connected to SOEs.

An SOE Reform Policy was approved by Sri Lanka’s cabinet of ministers in May 2023.

The Public Commercial Business (PCB) Act has now been drafted.

A holding company to own the SOEs will be incorporated and an Advisory Committee and Board of Directors will be appointed after the PCB law is approved, the statement said. (Colombo/Mar01/2024)

Continue Reading

Sri Lanka rupee closes at 308.80/90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 308.80/90 to the US dollar Friday, from 309.50/70 on Thursday, dealers said.

Bond yields were broadly steady.

A bond maturing on 01.02.2026 closed at 10.65/75 percent up from 10.50/70 percent.

A bond maturing on 15.09.2027 closed at 11.90/12.05 percent from 11.90/12.10 percent.

A bond maturing on 01.07.2028 closed at 12.15/35 percent down from 12.20/25 percent.

A bond maturing on 15.07.2029 closed at 12.25/40 percent up from 12.30/45 percent.

A bond maturing on 15.05.2030 closed at 12.30/45 percent down from 12.35/50 percent.

A bond maturing on 01.07.2032 closed at 12.50/13.00 percent from 12.55/13.00 percent. (Colombo/Mar1/2024)

Continue Reading

Sri Lanka stocks close up 0.37-pct, Expo to de-list

ECONOMYNEXT – The Colombo Stock Exchange closed up 0.37 percent on Friday, and SG Holdings, the parent company of Expolanka Holdings Plc, said it was taking the company private.

Expolanka is the largest listed company on the Colombo Stock Exchange.

“Expolanka Holdings PLC has, at the Board Meeting held on 1st March 2024, considered a request from its principal shareholder and resolved to initiate the de-listing of the Company’s shares from the Official List of the Colombo Stock Exchange subject to obtaining necessary shareholder approval and regulatory approvals,” the company said in a stock exchange filing.

As per arrangements with SG Holdings Global Pte Ltd, the Company’s majority shareholder, it will purchase its shares from shareholders who may wish to divest their shareholding in the Company at a purchase price of Rs 185.00 per share. The share closed up at 150.50.

The broader All Share Index closed up 0.37 percent, or 39.47 points, at 10,691; while the S&P SL20 Index closed down 0.64 percent, or 19.59 points, at 3,037.

Turnover stayed above the 1 billion mark for the sixth consecutive day, registering 1.4 billion.

Crossings in Melstarcorp Plc (135mn) up at 89.50, Hatton National Bank Plc (64mn) up at 158.00, Hemas Holdings Plc (53mn) up at 75.00 and Central Finance Company Plc (26mn) up at 103.50, added significantly to the day’s turnover.

“The upward trend is continuing, with more retail buying also coming in, the number of trades was more than 10,000 today,” a market participant said. “Investors are looking for undervalued stocks and buying in quantities.” (Colombo/Mar1/2024).

Continue Reading