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SEC, CSE, and CFA Society Sri Lanka to spread awareness on Green Bonds

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Green bonds can help to achieve the goal of a low-carbon world, and cumulative issuances have already reached USD 1 trillion. As the market for green bonds continues to grow, investors need to understand how these instruments differ from traditional bonds.Keeping the above in mind, the Securities and Exchange Commission (SEC), the Colombo Stock Exchange (CSE), and the CFA Society Sri Lanka collaborate to host a Webinar on “Demystifying Green Bonds” to be held on Wednesday, 30th November 2022 from 3.30 pm to 5 pm in Sri Lankan time.

Chinthaka Mendis, Director General, SEC, “this webinar will help the participants to understand the concept of green bonds, green bonds framework in other markets, how one can distinguish between a listed green bond from that of a conventional bonds and case studies from different countries. The webinar will also address the proposed green bond framework and the way forward for the Sri Lankan market.

Rajeeva Bandaranaike, CEO of CSE noted that the topic is very timely as green bonds are an important development because they are a financial innovation designed to facilitate sustainable investing for institutional investors and this will help to progress in the Sri Lankan capital market with new financial instruments”

Aruna Perera, President of CFA Society Sri Lanka stated that the proliferation of Green Bonds will help in financing eco-friendly projects and technology, as well as attracting foreign investments due to the significant growth in the sustainable energy sector globally and this conversation is highly relevant.

Sandeep Bhattacharya, Advisor for Climate change at GIZ will make a presentation on the theme of “Demystifying Green Bonds”. He works at enabling the flow of finance for assets that promote the reduction of greenhouse gas emissions or the greater adaptation of climate-friendly policies. His notable assignments include co-designing and executing training workshops and other related events in collaboration with UNDP and CFA Society among others, publishing many relevant reports, on, designing a roadmap for green bonds to Indian Municipalities in an assignment with PWC and working to originate and also close transactions in India, Bangladesh, Nepal, and Sri Lanka. These efforts have also resulted in publishing opinion pieces and articles, in various reputed Indian and international business newspapers, websites, and magazines.

Hiran Mendis, Capital Market & Financial Consultant, and Ms. Nilupa Perera, Senior Vice President- Trading Operations, Market Surveillance & Corporate Affairs, CSE are the panelists whilst Travis Gomez, CFA, Director / Secretary, CFA Society Sri Lanka will moderate the sessionJoin the discussion to understand the key concepts in green bonds and how Sri Lanka’s capital market is being equipped to produce new financing products.



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SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

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The Solar Industries Association (SIA) holds a press briefing in Colombo recently.

By Sanath Nanayakkare

The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.

The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”

“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.

“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.

“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.

SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.

“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.

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SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

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Imantha Wijekoon, Chief Business Officer - Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Lanka Group, exchange the signed agreement

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.

The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.

Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.

Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.

Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.

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Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

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SLTPB has been a regular member of both OTM and SATTE trade fairs in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).

Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.

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