Business
Efforts underway to promote investment from Austria to Sri Lanka
The Embassy and Permanent Mission of Sri Lanka in Vienna in collaboration with the Vienna Chamber of Commerce (WKO) organized a hybrid webinar to promote investment from Austria to Sri Lanka.
The hybrid webinar was attended by Regional Manager for Asia & Pacific Region Johannes Brunner, Commercial Attaché of the Austrian Embassy in India Bernd Andersson together with Austrian companies while Chairman of the State Pharmaceuticals Corporation of Sri Lanka Prasanna Gunasena, Executive Director of Investment Promotion Prasanjith Wijayatilake, Director of Investment Promotion Nilupul de Silva, Head of Ecosystem of the Board of Investment of Sri Lanka Darshan Maralanda, Deputy Director of Export Development Board of Sri Lanka Udeni Wijekoon, and officials from the Foreign Ministry took part in the event virtually.
Austrian companies representing health, renewable energy, environmental technology and vocational training sectors who are keen to invest in the region, particularly in Sri Lanka were selected by the Vienna Chamber of Commerce. The said companies were namely Odelga Med Engineering GmbH, AME International GmbH, Med-El Elektromedizinische Geräte GmbH, VAMED Engineering GmbH. VACE Systemtechnik GmbH, M-U-T Maschinen-Umwelttechnik-Transportanlagen GmbH and Global Hydro Energy GmbH.
The Ambassador and Permanent Representative of Sri Lanka to Austria Majintha Jayesinghe welcomed the participants by stating that Sri Lanka has set an ambitious plan to facilitate investments that can have a transformative impact on the economy. The Government is doing its utmost to create an enabling environment to attract more investments. The Ambassador emphasized that special relations between Sri Lanka and Austria have grown exponentially covering a multitude of areas with mutual benefits and called on everyone to join this transformative journey by investing in Sri Lanka.
Regional Manager for Asia & Pacific Region from the Vienna Chamber of Commerce Johannes Brunner highlighted the importance of the webinar to further expand the cooperation between the two countries. It was also pointed out that potential investments from Austria are focused in the fields of renewable energy, pharmaceutical industry and vocational training. It was further highlighted that Sri Lanka needs to develop projects that could attract these investments especially during the Covid pandemic. The participants also expressed their willingness to facilitate the request to procure high quality medicines from Austria to Sri Lanka.
Prasanjith Wijayatilake provided a detailed brief on emerging investment opportunities. Sri Lanka is a vibrant destination with over 1,200 foreign companies engaged in various economic sectors including IT services, tourism, food processing, logistics, education and large-scale infrastructure. It was further stated that Sri Lanka is on the right track to achieve a 5-7% GDP growth rate in the next decade based on a knowledge-driven economy. The Executive Director explained the conducive investment climate with new policies and tax incentives. The briefing also focused on five priority sectors to drive FDIs, namely manufacturing, ICT, hospitality and tourism, agriculture and food processing, construction and infrastructure. The BOI Executive Director also elaborated on the newly created specialized economic zones for pharmaceutical and textile items in Hambantota and Batticaloa.
Business
UN Global Compact Network Sri Lanka mobilizes business to lead with purpose
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.
It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.
More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.
Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.
UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.
Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:
“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”
The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.
Business
A regional conversation on the future of English language teaching
Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world
The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?
Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.
Business
The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition
The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.
Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.
The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.
-
News6 days agoLAWASIA warns against ad hoc initiative to increase judges’ retirement ages
-
Features5 days agoClimate action to bring South Asia together
-
News5 days agoChamuditha to seek removal of injunction on Youtube programme
-
News21 hours agoFreedom 250: US Embassy celebrates America’s 250th Independence Day through magic of American cinema
-
Features7 days agoPeople’s Bank expands digital banking network with 125th cheque deposit kiosk
-
News2 days agoCIABOC to question Harak Kata on Rs. 200 mn bribery allegation
-
News2 days agoSLAF conducts successful rescue mission under UN command in Central African Republic
-
News5 days agoCPRP alleges another death in custody, seeks protection for witness
