A delegation from Sri Lanka comprising of professionals from the fields of music, filmmaking, acting, film production & distribution, animation and gaming participated in the inaugural edition of the World Audio Visual & Entertainment Summit (WAVES) 2025 held at the Jio World Convention Centre, Mumbai, India, from May 1 to 4, 2025.

WAVES 2025, a flagship initiative envisioned by the Hon. Prime Minister of India, brought together leading voices from across the globe – industry veterans, policymakers, and creative professionals – fostering cross-border dialogue, creativity, and commercial collaboration. The summit was inaugurated by Prime Minister of India on May 1, 2025.

At WAVES 2025, the Global Media Dialogue culminated in the adoption of the WAVES Declaration, emphasizing the need for cross-cultural collaboration and responsible storytelling in a rapidly evolving global media environment. Participating nations recognized the power of films and individual stories in bridging divides and promoting peace. The dialogue underscored the importance of using technology responsibly, enhancing youth skill development, and fostering global co-productions, with India leading initiatives like the Create in India challenges to promote multilingual creative talent worldwide.

The Sri Lankan delegation actively participated in discussions, exhibitions, and networking events that spanned the full spectrum of the industry, including cinema, digital entertainment, animation, and gaming. The experience was highly enriching for all participants, who gained valuable insights and exposure to cutting-edge trends and collaborative opportunities in the global media landscape.

WAVES 2025 marked a significant step toward deepening regional ties in media and entertainment, offering a dynamic platform for talent exchange, co-productions, and sustainable industry growth globally.

‘Gehenu Lamai’, directed by the late Dr. Sumitra Peries, will be screened next week in the Official Selection of the Cannes Film Festival, which will be held from May 13 to May 24 in Cannes, France, under the Cannes Classics category.

Released in 1978, ‘Gehenu Lamai’ is a Sri Lankan Sinhala teenage drama film directed by Sumitra Peries and produced by her husband, Lester James Peries, for Lester Films.

The restoration of ‘Gehenu Lamai’ was undertaken by the Film Heritage Foundation in association with the Dr. Lester James Peries and Sumitra Peries Foundation. It was funded by a grant provided by the Embassy of France in Sri Lanka and the Maldives, and the Embassy of France in India, under the aegis of FISCH (France- India – Sri Lanka Cine Heritage).

Sumitra Peries, the first female filmmaker in Sri Lanka and wife of Dr. Lester James Peries, also served as Sri Lanka’s Ambassador to France in the 1990s. She was decorated as a Chevalier in the Order of Arts and Letters by the French Government.

Born in 1934, she emerged to stardom in the country with over 10 films to her credit and expertise as a screenwriter, director, producer, and editor.

In a triumph for Sri Lanka’s film heritage, Sumitra Peries’ “Gehenu Lamai” (1978) restored by Film Heritage Foundation in association with the Lester James Peries and Sumitra Peries Foundation has been selected for a world premiere at the prestigious Cannes Film Festival 2025.

The film has been restored under the aegis of FISCH: France- India – Sri Lanka Cine Heritage – Saving Film Across Borders – a pioneering international collaboration between Film Heritage Foundation, the Embassy of France and the French Institute in India and the Embassy of France in Sri Lanka and the Maldives, dedicated to restoring and preserving cinematic heritage.

The selection of “Gehenu Lamai” for the 78th Cannes Film Festival marks the fourth year in a row that Film Heritage Foundation is returning to Cannes Classic, but its first with a Sri Lankan film.

Film Heritage Foundation’s earlier restorations – Aravindan Govindan’s “Thamp”, Aribam Syam Sharma’s “Ishanou” and Shyam Benegal’s “Manthan” had red-carpet world premieres at the Cannes Film Festival in 2022, 2023 and 2024.

Recognized as the Outstanding Film of the Year at the 1978 London Film Festival, the debut film of Sumitra Peries – referred to as the Poetess of Sri Lankan Cinema – tells the heartbreaking tale of two young sisters in a Sri Lankan village whose romantic dreams and aspirations are crushed by the class barrier and the conflict between tradition and progress. The poetic black and white imagery beautifully captures the confusion and fragility of adolescent love and yearning coupled with an outstanding performance by a 16 year-old Wasanthi Chathurani as Kusum in her debut role.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Bank said on Wednesday, as the country emerges from an unprecedented economic crisis.

Sri Lanka’s economy collapsed in 2022 when it ran out of foreign exchange to finance even the most essential imports such as food, fuel, and medicines.

The loan aims to strengthen local industries and attract private capital for growth, the World Bank said in a statement after its President Ajay Banga met with Sri Lankan President Anura Kumara Dissanayake in Colombo.

“With progress underway to stabilise the economy and restart growth, core elements for job creation are in place,” Banga said in the statement.

The loan will be spread over three years, it added.

The economic crisis led to months of street protests that forced then-president Gotabaya Rajapaksa to step down. His successor, Ranil Wickremesinghe, negotiated a $2.9 billion bailout package from the International Monetary Fund.

The four-year bailout loan from the IMF helped shore up the country’s revenues and cleared the way for the government to reschedule foreign debt after a sovereign default on $46 billion of external borrowings in April 2022.

“Now is the time to accelerate reforms and create the conditions for private enterprise to thrive – particularly in sectors that can create jobs at scale,” Banga said.

The World Bank warned last month that Sri Lanka’s population was living in poverty despite the economy making a “remarkable recovery” from its worst financial crisis.

The South Asian nation’s growth surpassed the Bank’s forecast of 4.4 percent, recording 5.0 percent in 2024 – the first economic expansion since the 2022 crisis.

The IMF warned earlier this month that Sri Lanka’s recovery could be undermined if punishing US tariffs were reinstated.

The United States is Sri Lanka’s largest single market, accounting for almost a quarter of its $12 billion in merchandise exports. The trade balance is heavily in favour of the small South Asian nation.

Washington imposed a 44 percent “reciprocal tariff” on the island nation before putting it on hold for 90 days.

Sri Lanka has not retaliated but has instead appealed for negotiations with Washington.

(AFP)

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