Business
Commonwealth Enterprise and Investment Council chairman Lord Marland’s Sri Lanka visit a resounding success
Commonwealth Enterprise and Investment Council (CWEIC) Chairman Lord Marland concluded a successful 3-day visit to Sri Lanka as part of a larger trip to South and South East Asia. The visit presented a significant opportunity to foster further ties between the government, business sector, and the CWEIC.
CWEIC is a commercial, not-for-profit membership organisation with an official mandate from the Commonwealth Heads of Government to facilitate trade and investment throughout the 56 Commonwealth member nations. CWEIC has multiple Strategic Partners (members) in Sri Lanka including Port City Colombo, Capital Maharaja Group, Hypower Engineering International, and LOLC Holdings from the Private sector. In 2023, the Government of Sri Lanka rejoined as a Strategic Partner. Lord Marland’s visit showcased promising opportunities for international investors, particularly in Sri Lanka’s vibrant hospitality, energy, and financial service sectors.
During the visit, Lord Marland engaged in productive discussions aimed at unlocking the immense potential for mutual growth and prosperity and he emphasized that the Commonwealth is a platform for collaboration and economic opportunity. With over 2.5 billion people and a combined GDP exceeding $13.1 trillion, the Commonwealth boasts 56 member states, including some of the world’s fastest-growing economies. This global network offers Sri Lanka a pathway to forge deeper partnerships worldwide. Moreover, a combination of cultural, legal, and economic factors means that it is 21% cheaper for Commonwealth countries to trade with one another, an effect known as the ‘Commonwealth Advantage’, which further offers Sri Lanka opportunities for growth.
During the meetings with President Ranil Wickremesinghe and State Minister of Investment Promotion Dilum Amunugama, the CWEIC reaffirmed its commitment to support the government as part of the Strategic Partnership. Furthermore, Lord Marland extended a formal invitation to President Ranil Wickremesinghe to participate in the Commonwealth Business Forum, which is one of the four official Forums that are convened alongside the Commonwealth Heads of Government Meeting in October in Samoa.
Minister Dilum Amunugama is due to visit London in March as part of the Ministry of Investment Promotion’s investment drive. During the visit, CWEIC will convene Strategic Partners and stakeholders keen on investing in Sri Lanka for a roundtable discussion. Lord Marland also held a meeting with British High Commissioner Andrew Patrick during which he was informed of the way the United Kingdom is engaging in Sri Lanka and key priority areas such as renewable energy and education.
Port City Colombo (PCC) also hosted a special networking event with Lord Marland at the Port City Colombo Sales Gallery. This event served as a prime opportunity for PCC to showcase its upcoming investment opportunities, with Lord Marland expressing strong support for PCC’s investment promotion efforts. Minister Dilum Amunugama and various dignitaries were also in attendance. In his address, Lord Marland praised Sri Lanka’s resilience, hospitality, and entrepreneurial spirit, highlighting its current economic growth of 1.6% and positioning Sri Lanka as ‘a nation on the move’.
Throughout his discussions and media interviews, Lord Marland pointed out that Sri Lanka has been one of the cornerstone countries of the Commonwealth when it was founded after independence and has always been very active within the Commonwealth. He discussed the Commonwealth’s role in Sri Lanka’s economic recovery and the work of CWEIC and spoke of various key priorities for the Commonwealth, such as balancing the energy transition with economic development, as well as the role of the private sector in driving such sustainable economic growth. He elaborated that given Sri Lanka’s proximity to Commonwealth nations in South Asia, there is great potential to build on existing channels to expand into those markets. He also noted that Sri Lanka has got huge possibilities in Africa with its 1.4 billion population, 70% of who are under the age of 30.
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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