Business
From Colombo to Sydney: Sri Lanka’s capital market pitches its investment case
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), in collaboration with Port City Colombo and the Sri Lanka High Commission in Australia, successfully hosted an “Invest Sri Lanka” Investor Forum on 17 August 2026 at the Sheraton Grand Sydney Hyde Park. HNB Group served as the Platinum Partner, with the Australia Sri Lanka Business Council, Nalanda College Old Boys’ Association Australia, and CA Sri Lanka Australia Chapter supporting the forum as Supporting Partners.
The forum was aimed at strengthening international investor confidence in Sri Lanka, promoting investment opportunities in the country’s capital market, and facilitating greater participation by foreign fund managers and the Sri Lankan diaspora in Australia. The forum provided an opportunity to communicate these developments directly to international investors and highlight the opportunities emerging within Sri Lanka’s capital market.
Delivering welcome remarks, Yasoja Gunasekera, High Commissioner of Sri Lanka to Australia, highlighted the investment opportunities emerging from Sri Lanka’s improving economic environment, noting, “Sri Lanka offers significant opportunities for discerning investors. With its strategic position, strong fundamentals and supportive policy environment, the country is well placed for its next phase of growth, creating opportunities for investors seeking to participate in its long-term”.
In his opening remarks, Ray Abeywardena, Director of the Colombo Stock Exchange, stated, “Political stability and strict discipline on the monetary side are two very key components that investors would look at when investing into a market. There will be a reallocation of funds into the frontier markets. And we are confident that Sri Lanka will be in a good position to attract a good amount of funds to be reinvested and reallocated into the frontier markets.”
Emphasising the role of the capital market in supporting Sri Lanka’s economic transformation, Senior Prof. D.B.P.H. Dissabandara, Chairman of the Securities and Exchange Commission of Sri Lanka, pointed out,
“Sri Lanka is moving towards a path of inclusive and sustainable growth, but achieving higher growth will require investment and capital formation. Our capital market has a vital role to play in mobilising capital and supporting the next phase of Sri Lanka’s economic growth. Through the Invest Sri Lanka Forums, we invite the Sri Lankan diaspora and international investors to be part of this journey.”
The improving investment case for Sri Lanka and its potential to serve as a complementary platform to India were also highlighted by Charles Blake, Executive Director of ACP Corum Pty Ltd, “Crisis easing, policy easing, earning rebound, liquidity is returning it puts a very strong case for Sri Lanka. We see an India plus one in terms of Sri Lanka parallel opportunity of complimentary logistics, services and right manufacturing platform leads to India. With the crisis easing, policy conditions improving, earnings rebounding and liquidity returning, the case for investing in Sri Lanka is becoming increasingly compelling. At the same time, Sri Lanka offers an ‘India Plus One’ opportunity, leveraging its complementary strengths in logistics, services and manufacturing to create a strategic platform connected to India and global markets.”
Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, highlighted Sri Lanka’s improving credit profile and the potential for further upgrades, “The IMF views Sri Lanka as a case study of a country that has achieved a relatively rapid recovery. With all three major international rating agencies currently rating Sri Lanka at CCC, there is a clear pathway towards an upgrade to B-, a level comparable to where we stood before the crisis. This reflects the improving confidence in Sri Lanka. Investors who wait for the ratings upgrade may find that the market has already priced in the improvement. The opportunity to invest is now”.
Providing an update on potential opportunities arising from the Government’s plans for state-owned enterprises, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, remarked, Sri Lanka’s remarkable economic recovery story and the progress being made towards renewed and sustainable growth. He highlighted the Government’s commitment to delivering the mandate given by the people through a new political culture, stronger rule of law and economic revival. He also outlined the importance of fiscal discipline and digital transformation, as well as key reforms underway, including the new tariff policy, SOE restructuring, institutional reforms, investment and trade reforms, and infrastructure development. He further highlighted Sri Lanka’s diverse investment opportunities, encouraging investors to look beyond passive investments towards brownfield projects and venture capital. He noted that there is renewed hope and growing confidence in Sri Lanka, underpinned by a commitment to zero corruption and policy-based governance.
The broader regional investment potential of Sri Lanka was highlighted by Dr. Naveen Gunawardane, Co-Founder and Managing Director of Lynear Wealth Management, “A play on sri lanka is not a play on a single country play it is really a play on South Asia’s growth and South Asia is going to be a key driver of growth in the global economy over the next 5 to 10 years”.
The forum also highlighted the opportunities available through Port City Colombo, particularly for international investors seeking greater flexibility in capital flows and access to overseas markets. Thulci Aluwihare, Deputy Managing Director of CHEC Port City Colombo (Pvt) Ltd, highlighted these opportunities, “You can invest in Australian dollars in Port City Colombo. Some of the restrictive repatriation and capital account rules that apply across South Asia do not apply in the Port City. The capital account is more relaxed because you are bringing your business capital from overseas, and your source markets and revenues are also overseas. That creates a much more flexible environment for international investors.”
The forum further provided practical information for Australian-based investors and the Sri Lankan diaspora on accessing Sri Lanka’s capital market. Damith Pallewatte, Managing Director / CEO of Hatton National Bank PLC, explained the process for opening an Inward Investment Account (IIA), stating, “Opening an IIA is a straightforward process designed to give overseas and expatriate investors quick access to the Colombo Stock Exchange. With the required documentation in place i.e. passport, proof of overseas address and source of funds declaration an IIA can typically be opened within 2 to 3 working days. We have streamlined the process specifically to support the growing interest we are seeing from the Sri Lankan Diaspora and foreign investors looking to participate in our capital markets’.
The forum concluded with an engaging panel discussion featuring the speakers and Dr. Sulakshana Jayawardena, Director General of the Board of Investment of Sri Lanka, and moderated by Mr. Rajeeva Bandaranaike, Chief Executive Officer of the Colombo Stock Exchange. The discussion provided an opportunity for participants to engage with the panelists on Sri Lanka’s economic outlook, capital market developments, investment opportunities and the country’s positioning within the broader South Asian growth story.
The Sydney forum was the first of a series of “Invest Sri Lanka” Investor Forums being held in Australia from 17–20 August 2026, bringing together policymakers, regulators, market professionals and investment industry representatives to showcase Sri Lanka’s evolving investment landscape and engage directly with international investors and the Sri Lankan diaspora.
Business
Business, economic heavyweights converge in Colombo
Senior business leaders, economists and international development experts, alongside the Prime Minister of Sri Lanka, will headline the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12 and 13 October at the Shangri-La Colombo.
The Summit will open with a keynote address by T. Krishnakumar, Chief Executive Officer, Reliance Consumer Products Ltd, who brings more than four decades of experience in the consumer brands and FMCG sectors. Having previously served as President of Coca-Cola India and Southwest Asia, with extensive experience in building businesses and driving growth across emerging markets, Krishnakumar, more popularly known as Kk, now leads Reliance Consumer Products as it expands across categories and builds new customer, partnership and market opportunities.
Day 2 will bring together four international perspectives across discussions on economic resilience, regional connectivity, sector growth and digital transformation.
Lilia Aleksanyan, Senior Country Economist for Sri Lanka at the Asian Development Bank, will open the day’s discussions with a focus on Sri Lanka’s economic resilience. Her work covers the country’s macroeconomic outlook, policy advice and macro-fiscal and financial-sector reform. Her international policy experience also includes roles at the French Ministry of Finance and the French Central Bank.
The Summit will then turn to Sri Lanka’s connections with regional markets, with P. D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered Bank, delivering the keynote for the session on trade corridors and value chains. Singh counts close to three decades of experience in banking and finance, with senior leadership roles spanning Standard Chartered, JPMorgan Chase Bank and HSBC.
The Sector Deep Dives will bring international perspectives to discussions on healthcare and energy.
Tushar Shroff, Chief Financial Officer, Zydus Lifesciences Ltd, will deliver the keynote for the healthcare discussion, drawing on more than three decades of experience in corporate finance, strategic investment and financial transformation. His career spans senior finance and leadership roles with ABB, Piramal Healthcare, Intas Pharmaceuticals and Vedanta Group, giving him a broad perspective on the business and investment decisions shaping the healthcare sector.
For the energy-focused deep dive, Edore Onomakpome, Regional Infrastructure Industry Manager for Bangladesh, Sri Lanka and Nepal at the International Finance Corporation, will bring extensive experience in infrastructure investment and project finance across emerging markets. Since joining IFC in 2013, she has held senior roles across Africa and South Asia, including managing IFC’s infrastructure portfolio across 16 countries.
The Summit will conclude its keynote programme with Prime Minister Dr. Harini Amarasuriya, who will deliver the keynote for “Nation Building in the Digital Age.” The Prime Minister also oversees the Ministry of Education, Higher Education and Vocational Education, bringing a direct policy perspective to discussions on digital transformation, innovation, education and the skills needed for a changing economy.
Together, these perspectives will bring regional, international and policy insight to SLEIS 2026 as Sri Lanka considers how to strengthen economic resilience, attract investment, deepen regional connections and develop new sources of growth.
Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” SLEIS 2026 will take place on 12 and 13 October 2026 at the Shangri-La Colombo.
The Sri Lanka Economic & Investment Summit 2026 is supported by its valued sponsors and partners. Platinum Sponsor – Standard Chartered Bank Sri Lanka, Gold Sponsor – VISA Worldwide (Pvt) Ltd., Bronze Sponsor – South Asia Gateway Terminals (Pvt) Ltd., Strategic Development Partner – Asian Development Bank, Telecommunication Partner – Dialog Telecommunication, Television Partner – Dialog Television, Session Sponsors – David Pieris Motor Company (Pvt) Ltd., Hemas Holdings PLC, Sunshine Holdings PLC, International Construction Consortium (Pvt) Ltd., Microsoft Sri Lanka (Pvt) Limited, Official Logistics Partner – Hayleys Advantis Limited, Official Airline – SriLankan Airlines Ltd., Official Hospitality Partner – Shangri-La Colombo, Airline Partner – China Eastern Air Holding Co. Ltd.
Registrations for SLEIS 2026 are now closed. The Ceylon Chamber looks forward to welcoming participants to the discussions on Sri Lanka’s future trajectory on 12 and 13 October.
Business
Commercial Bank launches ‘Prestige’ banking for HNW clients
Commercial Bank of Ceylon has launched ‘Prestige’, a three-tier banking proposition aimed at high-net-worth (HNW) clients, combining wealth management, advisory services and lifestyle benefits.
The initiative replaces the bank’s existing ‘Elite’ private banking brand with Ruby, Sapphire and Diamond tiers, designed to cater to customers according to their wealth profiles and banking relationships.
The bank said Prestige would provide dedicated relationship managers, priority branch services, preferential rates on loans and deposits, enhanced card privileges, family banking programmes and offshore account solutions.
Its wealth and investment management services include access to capital-protected income solutions, dual-currency investments, institutional deals and estate and portfolio governance.
Clients will also have access to specialist financial and corporate advisory services, including assistance with international relocation, overseas property and capital repatriation.
The programme includes lifestyle benefits such as VIP airport lounge access, travel concierge services, property management and medical coordination, as well as access to selected art and culinary events.
The bank said its flagship Prestige banking residence at R.G. Senanayake Mawatha, Colombo 07, had been refurbished, with the service to be extended to other economically important cities.
Commercial Bank Managing Director/CEO Sanath Manatunge said Prestige was intended to support customers in managing their wealth, business interests, family needs and long-term legacy.
Existing Elite clients are being transitioned to the new programme, the bank said.
Business
Ceylinco Life rewards 80 sales achievers with overseas tours
Ceylinco Life has rewarded 80 members of its sales force with overseas tours to Vietnam and China for their outstanding performance in the company’s 2025 sales competitions.
The group comprised 62 sales achievers who travelled to Vietnam and 18 who visited China.
The Vietnam tour included visits to Hanoi’s Ho Chi Minh Complex, One Pillar Pagoda, Tran Quoc Pagoda and Hoan Kiem Lake. The group also travelled to Ha Long Bay, where they went on an Aurora Cruise and explored attractions including Sung Sot Cave, Luun Cave and Titop Island.
The tour also featured a sunset party aboard the cruise, with music and refreshments.
The 18 achievers who travelled to China visited several of Beijing’s major historical and cultural attractions, including Tiananmen Square, the Forbidden City and the Summer Palace. They also took a boat ride on Kunming Lake.
A highlight of the China tour was a visit to the Mutianyu section of the Great Wall, including a round-trip cable car ride. The group also attended an acrobatic show at Chaoyang Theatre and visited the Panda Garden at Beijing Zoo.
The company said the tours were organised to recognise and reward sales personnel for their performance and achievements.
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