Business
Dr. Nalinda Jayatissa visits LAUGFS Life Sciences’ State-of-the-Art (LVP) pharmaceutical facility
The Minister of Health and Mass Media, Dr. Nalinda Jayatissa, undertook an observational visit to the state-of-the-art sterile pharmaceutical manufacturing facility of LAUGFS Life Sciences (Pvt) Ltd, located within the BOI Export Processing Zone, Koggala. This visit reflects the company’s commitment to strengthening Sri Lanka’s healthcare system through world-class local manufacturing. Marking a significant milestone for the country’s healthcare industry, LAUGFS Life Sciences is advancing sterile infusion therapy production, reducing reliance on imports, delivering economic and clinical benefits, and positioning Sri Lanka as a regional hub for quality-driven pharmaceutical manufacturing through innovation, regulatory compliance, and private-sector investment.
The Minister was warmly welcomed by Dr. Ravi Edirisinghe, Group Chief Executive Officer of LAUGFS Holdings Limited, Dr. Rajiv Perera, Chief Executive Officer of LAUGFS Life Sciences (Pvt) Ltd., Vipin Kumar Head of Quality, Ranjith Reddy, General Manager – Operations, and Wasaam Ismail, General Manager – Head of Corporate Communications, along with senior managers, quality specialists, and engineers of the facility.
During the visit, the Minister observed LAUGFS Life Sciences’ advanced sterile infusion production lines. The company is preparing to introduce Large Volume Parenterals (LVPs) using Euro Multiport systems and Form-Fill-Seal (FFS) technology. Euro Multiport ensures high-safety, multi-access containers for clinical use, while FFS automates forming, filling, and sealing in a sterile environment, minimising human intervention and contamination risks. These innovations aim to transform infusion therapy in Sri Lanka by reducing import dependence, ensuring steady supply, and offering affordable solutions for both public and private healthcare sectors.
Commending the initiative, the Minister of Health and Mass Media, Dr. Nalinda Jayatissa, stated, “This project is a commendable step forward for Sri Lanka’s healthcare sector. By investing in advanced pharmaceutical manufacturing, LAUGFS Life Sciences directly supports the Government’s vision of enhancing local production, saving valuable foreign exchange, and providing our citizens with reliable, world-class medical solutions. Public-private partnerships of this nature are critical to building a resilient healthcare system and ensuring patient safety and continuity of treatment.”
Commenting on this significant occasion, Dr. Ravi Edirisinghe, Group Chief Executive Officer of LAUGFS Holdings Limited, remarked, “At LAUGFS, we believe in creating industries that bring long-term value to Sri Lanka. Through LAUGFS Life Sciences, we are making strategic investments in sterile pharmaceutical technologies that will not only benefit the local healthcare sector but also strengthen our position as a regional hub for pharmaceutical manufacturing.”
Adding his perspective, Dr. Rajiv Perera, Chief Executive Officer of LAUGFS Life Sciences, commented, “We are committed to ensuring that Sri Lanka has access to globally benchmarked infusion therapies through our advanced LVP production lines. With the integration of Euro Multiport and Form-Fill-Seal technologies, we are setting new standards in quality, safety, and efficiency that will directly benefit both patients and healthcare providers.”
LAUGFS Life Sciences specialises in manufacturing Large Volume Parenteral (LVP) IV solutions to meet critical healthcare needs across local and regional markets. Operating a state-of-the-art facility at the BOI Export Processing Zone, Koggala, it utilises advanced production technologies and adheres to cGMP guidelines set by WHO, NMRA, and other global regulatory authorities to ensure stringent quality assurance. With a portfolio of 20+ IV fluid products, including electrolytes, dextrose solutions, and critical care medications, LAUGFS Life Sciences manufactures in high-quality Non-PVC polypropylene (PP) bags using Form Fill-Seal (FFS) & Eurocap technology, supported by a fully automated production process that guarantees maximum efficiency, product integrity, and consistency.
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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