Business
KOICA provides a grant worth 6 million USD

Master Plan intermediate workshop for tertiary and vocational education and training career platform project
Korea International Cooperation Agency (KOICA) provided a grant worth 6 million USD to the Ministry of Education and Tertiary and Vocational Training Commission to implement the Tertiary and Vocational Education and Training (TVET) Career Platform in the year 2022.
The objective of this project is to establish an ICT-based career platform for TVET trainees for their development and to improve their employment status. In addition to the development of the Career Platform, the project has also invested significantly in strengthening the capacities of the service providers attached to the platform. KOICA with the joint effort of Project Management Consultant experts from UBION already conducted the first workshop on 29th March at Mandarina Hotel. The second workshop under the project was held on the 31st of August at Jetwing Colombo Seven with the participation of High-Level Officers including the Additional Secretary of the Ministry of Education, Ms. Muditha Malkanthi, Country Director of KOICA Sri Lanka Office. Ms. Kim Myung Jin and many other invitees representing public and private sector organizations.
The aim of this workshop was to determine the strategic direction necessary for the development of the Master Plan by conducting on-site surveys and engaging in consultations with the core working group. The primary objective of this workshop was to enhance the employment prospects of vocational and technical education trainees in Sri Lanka and improve the quality of career development guidance provided to them.
The workshop was declared open by Ms. Kim Myung Jin, the Country Director of KOICA stating that Education is a core component for capacity enhancement, therefore Korean Government and KOICA invested great importance in education. Education is one of the key umbrella policies from Korea to Sri Lanka. Therefore, KOICA believes it is essential to strengthen the education system, specially for developing countries.
Addressing the gathering, Ms. Muditha Malkanthi, The Additional Secretary of the Ministry of Education appreciated KOICA and the Korean Government for the provision of numerous grant arrangements for the development of the TVET sector in Sri Lanka. She also mentioned that the TVET Career Platform is the latest initiative of the Korean Government with 6 million USD financial assistance and expected to see that this career platform will give clear career paths for the vocational students of Sri Lanka.
The workshop shared knowledge regarding the ongoing process of the project along with the results of the local demand survey and global experiences of digitalization of career guidance systems with a guest speech from Erandika Dissanayake, National Project Coordinator – Youth Entrepreneurship at International Labor Organization (ILO). Further, the workshop continued with a panel discussion between TVET policymakers, career guidance officers and key industry stakeholders.
For the implementation of the project, KOICA engaged a Project Management Consultancy (PMC) team from UBION which has been working in the TVET and Edtech Fields in Korea for more than 20 years. The PMC facilitated the resources for the workshop as well. (KOICA)
Business
ComBank unveils new Corporate Branch at Head Office

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.
The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.
Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.
Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”
Business
Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.
At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.
Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”
“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.
Business
Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.
SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.
The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.
The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.
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