Business
Commemoration of the 70th Anniversary of Diplomatic Relations between the Republic of Indonesia and the Democratic Socialist Republic of Sri Lanka at the Lakshman Kadirgamar Institute
The Ministry of Foreign Affairs of Sri Lanka, the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) in collaboration with the Embassy of the Republic of Indonesia organized a ceremonial opening and hybrid seminar to raise awareness on seven decades of friendly and mutually beneficial diplomatic relations between the two Asian countries, an LKI news release said.
The Seminar was hosted in the Auditorium of the LKI on August 10 and this event brought together many academics, practitioners, diplomats and other stakeholders who have contributed in cementing the strong ties between Sri Lanka and Indonesia, it said.The seminar was launched by Dr. Dayantha Laksiri Mendis, the LKI’s Executive Director who welcomed the distinguished participants and guests.
The main speakers were the Indonesian Foreign Minister, Her Excellency Retno L.P. Marsudi, Sri Lanka’s Foreign Minister, Hon. M.U.M. Ali Sabry. This was followed by statements by H.E Dewi Gustina Tobing, Ambassador to Sri Lanka and the Maldives of the Republic of Indonesia and Ms Aruni Wijewardane, Secretary of the Ministry of Foreign Affairs of Sri Lanka.After the opening session, an interactive panel discussion moderated by LKI Executive Director Mendis followed. The webinar focused on the multi dimensional relations between the two countries in a friendly manner.
The participants were H.E. Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka, her counterpart, Her Excellency Yasoja Gunasekera , Ambassador of Sri Lanka to Indonesia , Prof. Kusnanto Anggoro, Executive Director of the Center for Geopolitical Risk Assessment of the University of Indonesia, Jakarta and Professor Chaminda Padmakumara, Head of the Department of International relations, University of Colombo.Prof. Kusnanto Anggoro has played an active role in reforming Indonesia’s security system, advising the Indonesian Government, communicating with the Indonesian parliament and civil society in this field.
This event was designed to commemorate the 70th Anniversary of formal diplomatic relations that were established on August 6, 1952. However there have been relations between the two countries in pre-colonial times, notably between the Sinhalese Kingdom and the Srivijaya Empire, both being Buddhist kingdoms. During the Dutch colonial period both countries were ruled by the Dutch East India Company. One significant result was the arrival in the island of Indonesians, whose descendants today are among the Sri Lankan Malay community.
Modern relations between the two Asian countries were strengthened by the fact that both countries played a major role as pioneers of the Non Aligned Movement. The birth of the Non Aligned Movement was the direct outcome of the Asian-African Solidarity Conference held in Bandung, Indonesia in April 1955.
Since the establishment of formal diplomatic relations between Sri Lanka and Indonesia, the two countries have co-operated extensively, entering into important MOUs aimed at combating International terrorism, fostering diplomatic education and training, fighting the illicit trafficking of narcotics and other banned substances and co-operation in education, research and technology.
Sri Lanka and Indonesia have also worked together and supported each other in ratifying important treaties within the UN framework covering areas such as Human Rights, Humanitarian law, ILO conventions and conventions relating to environment, climate change, disarmament and non-proliferation of nuclear weapons.
In addition both countries have been active participants and collaborated and indeed shaped policy in regional bodies including the Colombo Plan, Bali Democracy Forum, Indian Ocean Rim Association (IORA) and the ASEAN Regional Forum.On the economic front several achievements have taken place. Currently four Indonesian companies have invested in Sri Lanka under the BOI Act and are engaged mainly in the apparel and tourism industries.
The Indonesian companies operating in Sri Lanka are Master Wovenlanka (pvt) Ltd, Bronto (Pvt) Ltd, Cooper Enterprises (private) Limited and Club Tex Mark (Pvt) Ltd.The objective of the seminar is therefore to serve as an opportunity to reflect on the strong bonds that have existed between Sri Lanka and Indonesia in both good and challenging times and examine ways in which stronger and more mutually beneficial relations can be forged in the future. (LKI news release)
Business
Ceylon Chamber Re-elects Chairperson Krishan Balendra at 187th AGM
The Ceylon Chamber of Commerce announced the re-election of Chairperson Krishan Balendra and the election of its Board for the Year 2026/27 at the Chamber’s 187 th Annual General Meeting on June 25. High Commissioner of Britain to Sri Lanka, Andrew Patrick, attended as Chief Guest.
The 2026/27 office-bearers are Chairperson Krishan Balendra, – Chairperson John Keells Holdings PLC, Vice Chairperson Bingumal Thewarathanthri – CEO, Standard Chartered Bank Sri Lanka, and Deputy Vice-Chairperson Vinod Hirdaramani – Chairman, Hirdaramani Group.
Jayanthi Dharmasena – Managing Director, Hayleys Agriculture Holdings Ltd., Kasturi Chellaraja Wilson – Chief Operating Officer, Head of APAC – 5Hour International Corporation Singapore, Shibani Thambiayah – Managing Director, Renuka Hotels PLC,Supun Weerasinghe – Director/Group CEO – Dialog Axiata PLC, and Shiran Fernando – Secretary-General and CEO will serve as Board Members. Rohana Dissanayake – Group Chairman and Managing Director of David Pieris Motor Company Pvt. Ltd. will also join the Board, replacing Bernhard Stefan – Managing Director – Nestlé Lanka PLC, who relocated overseas.
In his remarks, Balendra noted that over the past year, the Chamber adopted a more solutions-oriented approach to advocacy, focusing not only on identifying challenges but also on developing constructive recommendations in collaboration with government, industry stakeholders, and development partners, with this approach yielding stronger results. “Through our engagement in the Budget 2026 process, eighteen recommendations proposed by the Chamber were incorporated into the national budget, covering areas such as trade facilitation, investment promotion, digitalisation, infrastructure, and improving the ease of doing business.
This builds upon the strong momentum established in previous years and demonstrates the value of evidence-based, constructive engagement.
The Chamber also contributed to addressing emerging global trade challenges, including tariff-related issues affecting Sri Lankan exports. By representing private sector perspectives in Presidential Committees, we supported efforts to safeguard export competitiveness and strengthen trade resilience.”
Beyond advocacy, it significantly expanded its engagement footprint, strengthening bilateral partnerships across more than twenty countries, and supporting more than 1,800 SMEs through training, advisory services, and market access initiatives.
He added that over the next year, the Ceylon Chamber is committed to deepening engagement with members, strengthening global partnerships, enhancing support for SMEs, and accelerating efforts to promote exports and attract investment, and is committed to working with the Government and stakeholders to ensure a resilient and prosperous Sri Lanka.
Business
Kandy’s singing couple striking a harmonious chord
In the hill capital of Kandy, a husband-and-wife duo has won the admiration of music lovers with their shared passion for singing and their dedication to the art.
Vijitha Kingsley Bandara and Umesha Kalhari Navaratne have become familiar voices among audiences in Kandy, entertaining crowds with their musical talents while building a reputation as a versatile singing couple.
Kingsley began his musical journey at the age of 17, performing at outdoor musical shows before gaining opportunities to showcase his talent at several hotels in the Kandy area. His performances for local and foreign tourists further enhanced his reputation as a singer. He later took his musical talents overseas, entertaining audiences in several countries.
For the past 12 years, Kingsley has been engaged in singing at establishments operated by the Devon Group and The Grand Kandyan Hotel in Kandy, following an opportunity extended by Group Chairman Gamini Weeraratne.
Supporting him both in life and music, Umesha has also established herself as a singer, performing at Devon establishments. She also runs a home-based cake-making venture.
The couple, who continue to receive appreciation from music enthusiasts, said they are ready to accept invitations to perform at musical events across the country. They can be contacted on 071-1519130.
Text and Pic by SK Samaranayake
Business
ComBank unveils GIG+ for Lanka’s digital workforce
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured banking account.
ComBank GIG+ reflects a decisive shift in the country’s employment landscape, where a growing number of professionals are leveraging global digital platforms and remote work opportunities to build independent income streams. From freelance service providers operating on platforms such as Fiverr, Upwork and Freelancer.com, to content creators monetising audiences across YouTube, TikTok, Meta and X, this segment represents a dynamic and increasingly influential contributor to foreign exchange inflows.
ComBank GIG+ is tailored to meet the specific needs of these digital earners, offering account options in Sri Lanka Rupees as well as major foreign currencies including USD, EUR, GBP and AUD. The account is available to Sri Lankan citizens aged 18 and above residing in the country, as well as duly registered business entities, subject to verification of foreign currency income derived through recognised digital and remote work channels.
Commenting on the introduction of ComBank GIG+, Hasrath Munasinghe, Chief Operating Officer of Commercial Bank said: “The rise of independent digital earners represents a structural shift in how value is created and exported from Sri Lanka. With ComBank GIG+, we are establishing a banking framework that not only recognises this segment, but also integrates it more meaningfully into the formal financial system. This enables individuals and businesses operating beyond traditional employment models to build a verifiable financial track record, access formal financial services, scale their operations, and contribute more visibly to the country’s economic growth.”
The launch of ComBank GIG+ is particularly timely following Sri Lanka’s recent enablement of PayPal linked withdrawals, which has simplified the process of bringing overseas digital earnings into the country.
In addition to facilitating PayPal-linked withdrawals and foreign currency inflows, the Bank said the ComBank GIG+ account offers a range of value-added benefits including first-year fee waivers on credit cards and digital banking services, preferential foreign exchange rates for qualifying conversions into Sri Lanka Rupees, and the opportunity to establish a structured banking relationship that may support future access to financing and other financial solutions. These features are designed to enhance financial efficiency while supporting the day-to-day banking needs of digitally active customers.
By aligning its product innovation with evolving global work patterns, Commercial Bank continues to strengthen its position as a forward-looking, technology-driven institution. The introduction of ComBank GIG+ underscores the Bank’s commitment to supporting new economic segments, enhancing financial inclusion, and enabling Sri Lankan talent to participate more effectively in the global digital economy.
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