Business
British Council hosts premier networking event with representatives from top universities in U.K.
The British Council Sri Lanka hosted a premier networking event with around 15 higher education institutions from the United Kingdom (UK), with the aim of showcasing the UK’s world-class higher education system and foster collaboration with local stakeholders. The event was well received, and it many of the British Council’s local networks and partners comprising of agents, counsellors, heads of education institutions, actively engaged with the university representatives to exchange information and insights on the UK’s education sector.
The UK welcomes approximately 400,000 international higher education students each year. Positioned at the top of the world rankings, UK universities have a reputation for developing the skills that employers look for, nurturing critical thinking skills, creativity, and confidence in the process. Along with benefiting from the academic tradition of some of the world’s most famous universities, it also provides access to the latest facilities in world-class research. Education in the UK also helps develop English skills and confidence in speaking the language, an attribute that is highly valued by employers worldwide.
In her opening remarks, British Council Sri Lanka Country Director, Maarya Rehman said, ‘we are witnessing extraordinary growth in Sri Lankan students choosing the UK as their preferred international study destination. Our latest statistics indicate a 369% growth in Sri Lankan student numbers. The Study UK programme has greatly influenced this growth and we will continue to work closely with students, agents, counsellors, parents and educational institutions to provide the best that the UK has to offer and in turn showcase Sri Lanka’s potential to the UK.’
Business
SLT-MOBITEL extends partnership with Sri Dalada Maligawa for over a decade of connectivity excellence
SLT-MOBITEL, Sri Lanka’s National ICT Solutions Provider, continues to support the preservation of the nation’s cultural heritage while driving digital transformation by extending its partnership as the official ICT service provider to the Sri Dalada Maligawa (Temple of the Sacred Tooth Relic) in Kandy for the 11th consecutive year.
This long-standing collaboration, spanning more than a decade of uninterrupted support, reaffirms SLT-MOBITEL’s commitment to providing state-of-the-art technology solutions to one of Sri Lanka’s most revered religious and cultural landmarks.
As part of this continued partnership, SLT-MOBITEL will provide high-speed fiber broadband connectivity powered by its advanced fiber network, together with SLT-MOBITEL PEOTV and voice services, completely free of charge to the Sri Dalada Maligawa. These advanced services strengthen the Maligawa’s media centre, enabling the seamless live broadcast of sacred religious ceremonies and cultural events to devotees across the world.
A key aspect of this collaboration is SLT-MOBITEL’s support for the live telecast of the annual Kandy Esala Perahera. Leveraging its robust ICT infrastructure, the company facilitates the live transmission of this globally renowned cultural pageant to millions of viewers in Sri Lanka and around the world through television and digital platforms.
Beyond live broadcasting, SLT-MOBITEL’s technology solutions also support the preservation and dissemination of documentaries, photographs, and significant moments associated with the temple’s religious and cultural activities. Through modern connectivity solutions, SLT-MOBITEL contributes to safeguarding and promoting Sri Lanka’s rich cultural heritage for future generations while ensuring global accessibility to its most treasured traditions.
Business
Vietjet brings its award-recognised brand and signature red uniform to Sri Lanka with new Colombo route
As Vietjet prepared to launch its direct route between Colombo and Ho Chi Minh City on 18 August 2026, the airline is celebrating two recent honours from the 2026 Flyers’ Choice Awards, organised by AirlineRatings: “Favourite Low-Cost Carrier” and “Best Cabin Crew Uniform.” Determined by travellers’ votes, the awards recognise Vietjet’s distinctive brand and cabin crew style, adding to the anticipation surrounding the airline’s arrival in Sri Lanka.
Vietjet’s first-place finishes in both categories reflect different aspects of the airline experience that resonate with passengers, from accessible fares and an expanding network to the distinctive style of its cabin crew. Together, the honours add to Vietjet’s growing international profile as the airline continues to offer affordable and convenient travel options alongside a modern onboard experience.
Sharon Petersen, CEO of AirlineRatings, said: “Winning in two categories marks an important tipping point for Vietjet. The airline is now firmly recognised on the global stage, with its uniform playing a key role in that recognition. Unique, fun and instantly recognisable, it leaves a lasting impression long after the flight. The Flyers’ Choice win for best cabin crew uniform reinforces this.”
Created by European designers, Vietjet’s cabin crew uniform features the airline’s signature red and combines youthful energy with inspiration from youth cadet attire. Bow ties, garrison caps, plaid patterns, and contemporary styling create a distinctive look that breaks away from conventional airline uniforms.
More than workwear, Vietjet’s signature red has become an integral part of the airline’s identity in the sky, representing a youthful, friendly, confident, and forward-looking spirit.
Vietjet’s appeal also lies in its increasingly diverse onboard offerings, featuring a choice of nine fresh, wholesome hot meals, Vikkafe beverages, and onboard shopping for duty-free goods, gifts, and travel essentials, the same onboard experience Sri Lankan travellers will be able to enjoy from the very first flight connecting Colombo to Ho Chi Minh City, Vietnam’s commercial hub.
On board Vietjet’s modern, new-generation aircraft, destination-inspired music, special cultural and artistic performances, and the warm service of its young, attentive cabin crew bring added colour and energy to every journey high above the clouds.
Business
From Colombo to Sydney: Sri Lanka’s capital market pitches its investment case
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), in collaboration with Port City Colombo and the Sri Lanka High Commission in Australia, successfully hosted an “Invest Sri Lanka” Investor Forum on 17 August 2026 at the Sheraton Grand Sydney Hyde Park. HNB Group served as the Platinum Partner, with the Australia Sri Lanka Business Council, Nalanda College Old Boys’ Association Australia, and CA Sri Lanka Australia Chapter supporting the forum as Supporting Partners.
The forum was aimed at strengthening international investor confidence in Sri Lanka, promoting investment opportunities in the country’s capital market, and facilitating greater participation by foreign fund managers and the Sri Lankan diaspora in Australia. The forum provided an opportunity to communicate these developments directly to international investors and highlight the opportunities emerging within Sri Lanka’s capital market.
Delivering welcome remarks, Yasoja Gunasekera, High Commissioner of Sri Lanka to Australia, highlighted the investment opportunities emerging from Sri Lanka’s improving economic environment, noting, “Sri Lanka offers significant opportunities for discerning investors. With its strategic position, strong fundamentals and supportive policy environment, the country is well placed for its next phase of growth, creating opportunities for investors seeking to participate in its long-term”.
In his opening remarks, Ray Abeywardena, Director of the Colombo Stock Exchange, stated, “Political stability and strict discipline on the monetary side are two very key components that investors would look at when investing into a market. There will be a reallocation of funds into the frontier markets. And we are confident that Sri Lanka will be in a good position to attract a good amount of funds to be reinvested and reallocated into the frontier markets.”
Emphasising the role of the capital market in supporting Sri Lanka’s economic transformation, Senior Prof. D.B.P.H. Dissabandara, Chairman of the Securities and Exchange Commission of Sri Lanka, pointed out,
“Sri Lanka is moving towards a path of inclusive and sustainable growth, but achieving higher growth will require investment and capital formation. Our capital market has a vital role to play in mobilising capital and supporting the next phase of Sri Lanka’s economic growth. Through the Invest Sri Lanka Forums, we invite the Sri Lankan diaspora and international investors to be part of this journey.”
The improving investment case for Sri Lanka and its potential to serve as a complementary platform to India were also highlighted by Charles Blake, Executive Director of ACP Corum Pty Ltd, “Crisis easing, policy easing, earning rebound, liquidity is returning it puts a very strong case for Sri Lanka. We see an India plus one in terms of Sri Lanka parallel opportunity of complimentary logistics, services and right manufacturing platform leads to India. With the crisis easing, policy conditions improving, earnings rebounding and liquidity returning, the case for investing in Sri Lanka is becoming increasingly compelling. At the same time, Sri Lanka offers an ‘India Plus One’ opportunity, leveraging its complementary strengths in logistics, services and manufacturing to create a strategic platform connected to India and global markets.”
Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, highlighted Sri Lanka’s improving credit profile and the potential for further upgrades, “The IMF views Sri Lanka as a case study of a country that has achieved a relatively rapid recovery. With all three major international rating agencies currently rating Sri Lanka at CCC, there is a clear pathway towards an upgrade to B-, a level comparable to where we stood before the crisis. This reflects the improving confidence in Sri Lanka. Investors who wait for the ratings upgrade may find that the market has already priced in the improvement. The opportunity to invest is now”.
Providing an update on potential opportunities arising from the Government’s plans for state-owned enterprises, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, remarked, Sri Lanka’s remarkable economic recovery story and the progress being made towards renewed and sustainable growth. He highlighted the Government’s commitment to delivering the mandate given by the people through a new political culture, stronger rule of law and economic revival. He also outlined the importance of fiscal discipline and digital transformation, as well as key reforms underway, including the new tariff policy, SOE restructuring, institutional reforms, investment and trade reforms, and infrastructure development. He further highlighted Sri Lanka’s diverse investment opportunities, encouraging investors to look beyond passive investments towards brownfield projects and venture capital. He noted that there is renewed hope and growing confidence in Sri Lanka, underpinned by a commitment to zero corruption and policy-based governance.
The broader regional investment potential of Sri Lanka was highlighted by Dr. Naveen Gunawardane, Co-Founder and Managing Director of Lynear Wealth Management, “A play on sri lanka is not a play on a single country play it is really a play on South Asia’s growth and South Asia is going to be a key driver of growth in the global economy over the next 5 to 10 years”.
The forum also highlighted the opportunities available through Port City Colombo, particularly for international investors seeking greater flexibility in capital flows and access to overseas markets. Thulci Aluwihare, Deputy Managing Director of CHEC Port City Colombo (Pvt) Ltd, highlighted these opportunities, “You can invest in Australian dollars in Port City Colombo. Some of the restrictive repatriation and capital account rules that apply across South Asia do not apply in the Port City. The capital account is more relaxed because you are bringing your business capital from overseas, and your source markets and revenues are also overseas. That creates a much more flexible environment for international investors.”
The forum further provided practical information for Australian-based investors and the Sri Lankan diaspora on accessing Sri Lanka’s capital market. Damith Pallewatte, Managing Director / CEO of Hatton National Bank PLC, explained the process for opening an Inward Investment Account (IIA), stating, “Opening an IIA is a straightforward process designed to give overseas and expatriate investors quick access to the Colombo Stock Exchange. With the required documentation in place i.e. passport, proof of overseas address and source of funds declaration an IIA can typically be opened within 2 to 3 working days. We have streamlined the process specifically to support the growing interest we are seeing from the Sri Lankan Diaspora and foreign investors looking to participate in our capital markets’.
The forum concluded with an engaging panel discussion featuring the speakers and Dr. Sulakshana Jayawardena, Director General of the Board of Investment of Sri Lanka, and moderated by Mr. Rajeeva Bandaranaike, Chief Executive Officer of the Colombo Stock Exchange. The discussion provided an opportunity for participants to engage with the panelists on Sri Lanka’s economic outlook, capital market developments, investment opportunities and the country’s positioning within the broader South Asian growth story.
The Sydney forum was the first of a series of “Invest Sri Lanka” Investor Forums being held in Australia from 17–20 August 2026, bringing together policymakers, regulators, market professionals and investment industry representatives to showcase Sri Lanka’s evolving investment landscape and engage directly with international investors and the Sri Lankan diaspora.
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