Business
Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, says High Commissioner
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= Australia has provided SL more support than ever this year, including through $75 million in development funding in 2022-23
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= There is great potential in GOSL’s plan to become a regional hub for international education
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= Permanent migration visas available in 2022-23, has increased legitimate migration pathways to Australia
by Sanath Nanayakkare
As a friend and neighbour, Australia will continue to support the people of Sri Lanka in any way we can, and Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business,” the newly designated Australian High Commissioner to Sri Lanka Paul Stephens told The Island Financial Review during an exclusive interview with him.
“Australia and Sri Lanka enjoy strong economic and trade cooperation, which has continued this year despite the economic challenges faced by Sri Lanka. Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, for example in renewable energy, mineral resources, agrifood, water infrastructure, and education partnerships,” he said.
Further speaking Paul Stephens said:
“Under Australia-Sri Lanka Trade and Investment Framework Arrangement (TIFA), we hold Joint Trade Committee (JTC) meetings between senior officials annually (last held in 2021) and regular working level meetings every few months. We expect to continue senior bilateral engagement on trade and investment, including with a JTC hosted by Australia later this year.”
“I’m pleased to say there are now more than 30 partnerships between Australian education providers and Sri Lankan institutions – and this number continues to grow. Australia sees great potential in the Sri Lankan Government’s plan to become a regional hub for international education. The recent interim budget announcement to allow foreign universities to establish campuses in Sri Lanka is a strong, positive step towards growing Sri Lanka’s international education sector. Australian providers are keen to be part of this journey. The technical and vocational education sector is also an emerging growth area for Sri Lanka, and one where Australia has deep expertise and experience. We continue to work with the Sri Lankan Government to consider how best to collaborate in this space. For example, in partnership with the Sri Lankan Ministry of Skills Development and Vocational Training, Australia has been a strong supporter of programs that strengthen skills across the full value chain of the tourism sector. This work is carried forward through Australia’s $14.4 million Skills for Inclusive Growth program, which has been in operation since early 2017.”
“Australian society has been fortunate to benefit from a rich mix of cultural backgrounds and heritage. As reported in the most recent Australian census, since 2021 more than half of Australia’s population was either born overseas themselves or had a parent who was born overseas. Strong people-to-people links are a bedrock of the Australia-Sri Lanka relationship. Many Sri Lankans have chosen to make Australia their home and they have made outstanding contributions to Australia’s diverse, multicultural society. I have no doubt this will continue in the future. Australia’s focus is on supporting legitimate pathways to migration, and of course, discouraging Sri Lankans from making dangerous journeys by sea. Australia recently announced an increase in the number of permanent migration visas available in 2022-23, with a focus on meeting skills shortages in regional areas. This step has increased the legitimate migration pathways available to Australia, including for Sri Lankans.”
“Australia remains committed to working practically and constructively with Sri Lanka to advance its commitments toward reconciliation and transitional justice and to meet its international human rights obligations. Australia has always had transparent and open discussions with the Sri Lankan Government on our strong support for international human rights norms. While Sri Lanka’s current economic situation is challenging, there is good evidence that durable reconciliation is a key underpinning factor for long-term political and economic stability. While we welcome a central role for strengthened, independent domestic institutions that have the trust of affected communities, we also continue to encourage Sri Lanka to engage positively with international human rights processes. We do also consider the ongoing impacts of the conflict, and the role we can play in helping to mitigate these, through our development assistance to Sri Lanka. Among other initiatives, in recent years Australia has provided support for livelihoods and psycho-social support for affected communities in the North and East, and supported a range of community-based organisations to lead reconciliation and economic development at the local level. We will continue to look for opportunities to support Sri Lanka’s reconciliation journey.”
“I was very pleased to see Sri Lanka and the IMF work together to recently finalise the IMF staff-level agreement. This is a positive step in Sri Lanka’s economic recovery and Australia welcomes the strong and productive engagement by senior officials in this process. We continue to encourage the Sri Lankan Government to follow through with the implementation of any necessary reforms recommended by the IMF, as part of returning Sri Lanka to a stable and prosperous economic path. I am also pleased Australia has provided Sri Lanka more support than ever this year, including through $75 million in development funding in 2022-23, to help alleviate the impacts of the crisis on the most vulnerable. As a friend and neighbour, Australia will continue to support the people of Sri Lanka in any way we can.”
“Australia’s Indo-Pacific vision is for an open, inclusive and resilient region underpinned by rules, norms and respect for sovereignty. As an Indian Ocean neighbour, Australia wants Sri Lanka to be stable, resilient and prosperous, including by safeguarding its sovereignty and democratic values. Australia and Sri Lanka have long had productive and mutually beneficial collaboration in regional and multilateral forums, including the UN, the Commonwealth and the Indian Ocean Rim Association. We will continue to work together and support Sri Lanka’s engagement in these institutions, which we see as important mechanisms for frank and open discussion and practical action in areas of common interest.”
When asked to tell our readers about his diplomatic career, his family, the food he loves to eat and what he enjoys doing in his leisure time, the High Commissioner said,” I have been fortunate to have had a varied career which has included postings in Stockholm (where I was Ambassador), Bangkok, New York and Brasilia, in addition to Colombo. My wife Christina and I have three children, twin boys Cody and Daniel and a daughter Bella. All three are adults and remain in Australia where they are working. We are looking forward to having them visit us here in Sri Lanka. I am an avid sports follower, especially of cricket and Australia’s indigenous football code, Australian Rules. I played grade cricket for many years in Australia but have more recently focused on distance running, while also enjoying bike riding, swimming and going to the gym. There are very few foods I don’t like but I do love spicy cuisine and am looking forward to experiencing Sri Lanka’s many culinary delights, especially fish and fresh fruits!
When asked if there’s a motto that best describes how he views and approaches life, he said,” I don’t have a special motto, but I think it’s important to be nice to people and stay calm.”
Business
Ceylinco Life celebrates its ‘Unstoppable Champions’ at Annual Awards 2026
The power of momentum was the focus when Ceylinco Life, Sri Lanka’s life insurance market leader for an unbroken 22 years, celebrated the exceptional achievements of its top-performing sales force at its Annual Awards Ceremony 2026, held at Cinnamon Life Colombo.
Bringing together more than 300 of the company’s highest achievers, the event recognised Sales Officers who attained High Flyers status, qualified for the prestigious Million Dollar Round Table (MDRT), or earned ‘Sales Superstar’ status in 2025, each having met rigorous performance benchmarks. In total, close to 370 awards were presented at the ceremony, which was attended by over 450 participants including the company’s Board of Directors and senior management.
Themed ‘Unstoppable Champions,’ the awards ceremony underscored the spirit of resilience, ambition and consistent excellence that defines Ceylinco Life’s sales force, positioning the awardees as drivers of the company’s sustained market leadership.
The event was graced by Chief Guest Srinivasa Rao, Managing Director – Life and Health (South Asia and South East Asia) at Munich Re, and featured an evening of scintillating entertainment with performances by Sanka Dineth, Shashika Nisansala, the Naadro Band and Prashanthini, complemented by dance acts from Muddrika Dance Studio.
Among the highlights of the evening was the presentation of two Toyota Axio motor cars to R. P. Edirisinghe and S. S. H. M. T. Laksiri in recognition of their consistent excellence in qualifying as High Flyers and MDRT members. The top honours at the awards ceremony were presented to Mr A. S. L. Fernando as Best Agency Head, H. D. Pathirana as Best Agency Supervisor, A. I. P. Manjula as Best Life Insurance Advisor, and J. Meera as Best Regional Sales Manager.
Business
Kia drives into Colombo’s skyline with landmark showroom at Altair
Top Korean nameplate Kia has reinforced its presence in Sri Lanka with the opening of a striking new showroom at the iconic Altair high-rise in Colombo, marking a significant step in the brand’s continued expansion and customer engagement in the country.
The new facility, unveiled exclusively to media on 7th April 2026, occupies approximately 2,700 square feet of prime space at Retail 3 of the Altair development.
Strategically positioned at the entrance to the complex for maximum visibility and accessibility, the showroom places Kia at the heart of one of Colombo’s most prominent luxury residential and lifestyle destinations.
Designed in line with Kia’s global brand guidelines, the showroom presents a modern, customer-centric environment that reflects the company’s focus on innovation, quality and service excellence. The space is intended to offer an immersive retail experience, enabling customers to explore the brand’s evolving portfolio in a setting that mirrors international standards.
“The opening of this new showroom signals Kia’s renewed commitment to Colombo, strengthening its proximity to customers while enhancing convenience and accessibility for those seeking to engage with the brand,” Kia Motors Lanka Chairman Mahen Thambiah said. “It represents a key milestone in our strategy to deepen customer relationships and expand the Kia footprint across key urban locations.”
Taking centre stage at the new showroom is the all-new Kia Tasman, the brand’s first-ever double cab pickup, which makes its debut in Sri Lanka in tandem with the opening. The introduction of the Tasman underscores Kia’s drive to diversify its offering and respond to the evolving demands of customers across multiple segments.
In addition to the Tasman, visitors to the Altair showroom can experience Kia’s full range of vehicles, further enhancing the brand’s appeal to a broad spectrum of automotive enthusiasts.
Business
Nalin Sri Tikiri Bandara: forging discipline and character through martial arts
After nearly three decades on the mat, Sri Lankan martial arts instructor H. M. Nalin Sri Tikiri Bandara has built a career that stretches from local dojos in Kandy to international training arenas in the United Arab Emirates, shaping a growing generation of students through what he describes as “a lifelong journey of discipline and self-development.”
With more than 28 years of experience, Bandara has emerged as a prominent figure in martial arts education for children, youth and adults, particularly across Sri Lanka and the UAE, where he is currently based in Abu Dhabi.
Bandara’s martial arts journey began at a young age and has since spanned multiple disciplines, including Kyokushin Karate, Ashihara Karate, Mumonkai Karate, Brazilian Jiu-Jitsu and yoga.
He holds several international dan rankings, including 3rd Dan in Kyokushin Karate (Japan), 4th Dan in Ashihara Karate (Australia), 2nd Dan in Mumonkai Karate (Japan), and 1st Dan under Josui Kai Kan Karate (Japan). Years of training camps, seminars and competitions abroad, he says, have helped refine both technical skill and teaching philosophy.
Bandara is the founder and chief instructor of Nalin Dojo, which operates across multiple locations, including a main branch in Abu Dhabi and an established centre in Kandy. He also runs expansion programmes in schools and fitness centres in the UAE.


Collectively, his programmes have trained more than 2,000 students, ranging from children as young as four to adults.
He also serves as branch chief and representative of the World Karate Alliance Kyokushin Bugakukai, and contributes to the development of full-contact karate at national level in Sri Lanka.
At the core of his teaching is a hybrid approach he calls “Yoga Martial Arts”, blending karate discipline, yoga-based mental conditioning, Brazilian Jiu-Jitsu principles and sports science.
The focus, he says, extends beyond physical combat to character formation, emphasising discipline, respect, confidence-building and mental resilience.
“Martial arts is not just about fighting, it is about building better human beings,” Bandara said.
Much of his work is directed at children and adolescents, particularly in an era he describes as increasingly dominated by digital distractions.
He argues that structured martial arts training can reduce screen dependency, improve concentration, and strengthen emotional stability, while promoting healthier lifestyles.
“Children’s future is the future of the community,” he said, underscoring his belief that early discipline shapes long-term social outcomes.
Beyond regular training, Bandara organises grading examinations, workshops, school programmes and community fitness initiatives in both Sri Lanka and the UAE.
He has continued such activities even during periods of global disruption, maintaining regular engagement with students and instructors.
Looking ahead, Bandara plans to expand his dojo network across the UAE and internationally, while developing structured youth development programmes and training future instructors.
His long-term ambition is to build a sustainable martial arts ecosystem that integrates physical excellence with character education.
In a career defined by discipline and continuity, Bandara represents a generation of martial arts instructors blending traditional combat systems with modern wellness principles — and, in the process, attempting to shape not just fighters, but future citizens.
by SK Samaranayake
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