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ComBank conducts e-forum series to encourage citizens overseas to invest in Sri Lanka

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The Commercial Bank of Ceylon has stepped up efforts to encourage Sri Lankans living overseas to invest in Sri Lanka with the support of the country’s benchmark private bank.

The Bank has launched a series of e-forums designed to create awareness about local investment opportunities available to Sri Lankans living or working in other countries and on the numerous special products and services offered by the Bank to facilitate an inflow of foreign currency into the country. The forums are also a platform to share some insights with the expat community on the economic conditions created in the country by the Covid pandemic.

The Bank has already concluded two such virtual events that benefitted members of the Sri Lankan expat community, workers, and professionals living in the United Arab Emirates (UAE) and Kuwait. Two more are planned to be held for this segment in Oman and Qatar shortly, the Banks said.

Conducted by the Bank’s Senior Deputy General Manager – Treasury Prins Perera, these e-forums take place with the involvement of the Bank’s overseas remittance partners, staff of Sri Lankan diplomatic missions, the Bank’s overseas Business Promotion Officers, and members of its corporate management.

Besides providing a comprehensive picture of the Sri Lankan economy supported by statistics, these virtual forums are conducted to encourage foreign direct investments into Sri Lanka and to maintain the Bank’s relationship with all its stakeholders, the Bank said.

Participants are informed of the high-yield investment opportunities available in Sri Lanka and the special benefits that Commercial Bank provides to its investors and customers. They are also briefed on the Bank’s Special Deposit Accounts (SDAs) and other remittance accounts. Sri Lankan expatriate workers and potential investors are provided valuable insights into the Sri Lankan economy via these forums and learn about the products and services that enable them to invest money in foreign currency accounts and fixed deposits.

Commenting on the launch of the e-forums, Commercial Bank Managing Director and Chief Executive Officer, Mr S. Renganathan said: “These virtual events were organised to enable us to directly connect with our partners and the Sri Lankan professional communities overseas at a time when Sri Lankan banks are vigorously attempting to bring in foreign currency to help mitigate the challenges currently facing the economy. As Sri Lanka’s largest private bank, we have earned the trust and confidence of the populace and are well positioned to play a significant role in this effort.”

The Bank provides all necessary facilities for expatriate investors who are interested to invest in Sri Lankan businesses by facilitating opening of Inward Investment Accounts, Offshore Accounts and providing all the support services associated with these accounts.

Commercial Bank also briefs participants on the personal finance products and services it offers to help them maximise returns on the foreign currency they earn. These include the Remittance Account which can be accessed through a RemitPlus Debit Card which is issued free-of-charge at the time of opening of the account. Sri Lankan citizens aged 18 years or above, who are beneficiaries or remitters of overseas remittances are eligible to open a Remittance Account without an initial deposit and existing accountholders who have received three or more remittances in the past six months can convert their existing accounts to RemitPlus Savings Accounts. This account helps meet emergency cash requirements of accountholders by way of a specially-designed cash advance facility of up to Rs 50,000.

Additionally, those who receive direct remittances via Commercial Bank receive Rs 2 over the prevailing rate of exchange on the conversion of every United States Dollar or the equivalent in the currency they receive.

Remitters and beneficiaries can also use the ComBank RemitPlus App to share the remittance PIN number securely between themselves and can track their remittance through the app’s Remittance Tracker option. In addition these features, the ComBank RemitPlus App can be used to find the Bank’s remittance-related information and services such as details of specially trained Business Promotion Officers stationed in Kuwait, Oman, UAE, Korea and Qatar as well as details of Sri Lankan diplomatic missions overseas and the Bank’s overseas remittance partners.

Sri Lanka’s first fully carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.



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USD 50 mn battery storage investment expected to power SL’s renewable energy push

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Arrival of the Battery Energy Storage System

Sri Lanka has taken a major step towards modernising its power infrastructure with the arrival of the country’s first commercial-scale Battery Energy Storage System (BESS), part of a USD 50 million investment expected to transform the integration of renewable energy into the national grid.

The first shipment of battery units arrived at the Port of Colombo recently for the landmark Galle and Matara BESS projects being developed by Galilee BESS (Pvt) Ltd, a subsidiary of KHEN Energy Limited. The projects are expected to play a pivotal role in enhancing grid stability, reducing renewable energy curtailment and strengthening the country’s energy security.

The shipment comprised 25 containers, including 18 battery units weighing 42 metric tonnes each, making it one of the largest and most technically demanding renewable energy cargo movements handled in Sri Lanka to date.

Energy industry officials describe the project as a milestone investment that will help bridge one of the biggest challenges facing renewable energy development—storing electricity generated from intermittent sources such as solar and wind power for use when demand peaks.

Once operational, the BESS facilities will support the National System Operator by absorbing excess renewable energy during periods of high generation and releasing it when required, thereby improving efficiency and reliability across the power network.

The technology is being supplied by global energy storage leader Sungrow Power Supply Co., Ltd., reflecting growing international confidence in Sri Lanka’s renewable energy sector and its long-term clean energy ambitions.

Beyond its energy significance, the project also highlights the increasing scale and sophistication of infrastructure investments entering the country.

Expolanka Freight (Pvt) Ltd was entrusted with the end-to-end logistics operation, overseeing customs clearance, specialised transportation, storage, unloading and final placement of the battery units at the project sites.

Finance and Project Director Fazul Ansar said the operation required extensive engineering studies, route assessments and rigorous safety planning owing to the hazardous classification and extraordinary weight of the cargo.

Head of Project Logistics Mohamed Niyas said months of preparation had gone into route surveys, lifting studies and risk mitigation planning to ensure the successful execution of the project.

Project officials said specialised multi-axle trailers and cranes with lifting capacities ranging from 100 to 150 tonnes were deployed for the operation, while access modifications and last-mile transport solutions were implemented at both project locations.

By Ifham Nizam

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AI and Data Analytics Summit 2026 drives the nation’s digital future

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Deshan Liyanage / Ransith Fernando / Prof. Lasith Gunawardena

The AI and Data Analytics Summit 2026 organised by the Sri Lanka Section of BCS, the Chartered Institute for IT was successfully held on 22nd May 2026 at Waters Edge, Colombo. The high-impact summit themed “Next Generation AI & Data Analytics: Skills & Thoughts for the Intelligent Future” brought together senior policymakers, global technology experts, industry leaders, academics, and innovators to explore how Artificial Intelligence (AI) and Data Analytics are reshaping the nation’s digital and economic future.

The event, endorsed by the Ministry of Digital Economy, was graced by Waruna Sri Dhanapala, Secretary to the Ministry of Digital Economy, who attended as the Guest of Honour, underscoring the government’s strong commitment to advancing AI adoption, digital innovation, and data-driven governance in support of Sri Lanka’s broader public sector transformation agenda. Dr. Sadeep Jayasumana, Chief Scientist at Octave, delivered the keynote address on Generative AI, sharing insights into its transformative potential.

Speaking on the significance of the summit, Prof. Lasith Gunawardena, Chairman the Sri Lanka Section of BCS, the Chartered Institute for IT noted that Artificial Intelligence and Data Analytics have become present-day enablers of innovation, economic growth, and societal progress. He emphasized that the summit was guided by BCS’s purpose of Making IT Good for Society and by the national need to bring together thought leaders, practitioners, policymakers, and industry experts to foster collaboration, knowledge sharing, and the responsible adoption of transformative technologies, thereby strengthening Sri Lanka’s digital readiness and supporting a resilient, inclusive, and globally competitive digital economy.

Ransith Fernando, Chair of the summit mentioned ” This year’s summit brought together 21 speakers who shared valuable insights, ideas, and experiences. We heard inspiring success stories, gained practical knowledge from industry practitioners, and explored strategic perspectives from business leaders. These conversations highlighted both the opportunity and the responsibility before us. While innovation is accelerating globally, Sri Lanka must align policy, talent, and industry readiness to truly operationalize AI at scale and ensure an inclusive and sustainable digital transformation.”

Deshan Liyanage, Co-Chair of the AI and Data Analytics Summit 2026 commented that this year’s summit was a fully sold-out event, reflecting the growing national momentum around Artificial Intelligence and Data Analytics in Sri Lanka. He extended heartfelt gratitude to all participants who joined and contributed to the success of the summit, as well as to the sponsors whose support made the event possible. Special appreciation was conveyed to Sysco LABS as the Strategic Partner, Linear Six as the Bronze Partner, InTalent Asia as the Resource Partner, and Motivista as the Event Partner. He also acknowledged the valuable collaboration of industry associations including SLASSCOM, FITIS, and CSSL, whose partnership helped strengthen and elevate the initiative.

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Eswaran Brothers empowers women through a transformative leadership journey

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Participants of Eswaran Brothers Exports’ She Transforms leadership development programme

As part of its commitment to advancing women’s empowerment and building a stronger leadership pipeline, Eswaran Brothers Exports (EB), a leading tea manufacturer in Sri Lanka, launched its flagship women’s leadership initiative, She Transforms, a customized six-month leadership development journey. Developed with award-winning leadership expert Senela Jayasuriya and supported by Value for Women, the programme forms a key pillar of the Company’s wider gender agenda focused on leadership capacity building, inclusion and long-term institutional change.

Women make up 44% of Eswaran Brothers’ workforce, yet only 23% held senior roles at the time of an initial gender diagnostic conducted with Value for Women and supported by FMO, the Dutch Development Finance Bank. The assessment found that despite their potential, many women faced unclear career pathways and limited structural support at critical life stages.

In response, Eswaran Brothers introduced strategic mindset and policy interventions designed to remove barriers and create a more enabling environment for women to grow and lead. These efforts included mentorship opportunities, enhanced support for employees returning from maternity leave, coaching for managers, and initiatives aimed at strengthening inclusion and career progression across the organization.

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