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From Colombo to Sydney: Sri Lanka’s capital market pitches its investment case

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From the left Thulci Aluwihare, Deputy Managing Director at CHEC Port City Colombo (Pvt) Ltd, Dr. Sulakshana Jayawardena, Director General of the Board of Investment of Sri Lanka, Senior Prof. D.B.P.H. Dissabandara, Chairman of the Securities and Exchange Commission of Sri Lanka, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development of Sri Lanka, Dr. P. Nandalal Weerasinghe Governor of the Central Bank of Sri Lanka, Dr. Naveen Gunawardane, Co-Founder and Managing Director of the Lynear Wealth Management (Pvt) Ltd, Damith Pallewatte, Managing Director / Chief Executive Officer of the Hatton National Bank PLC, Ray Abeywardena, Director of the Colombo Stock Exchange and the Moderator Rajeeva Bandaranaike, Chief Executive Officer, Colombo Stock Exchange

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.



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Asia-Pacific business leaders to accelerate sustainable business action

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More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific.

Hosted by UN Global Compact Network Sri Lanka and organized by the UN Global Compact APAC Hub in collaboration with 14 Global Compact Country Networks, the forum strengthened regional collaboration and demonstrated the growing role of business leadership in advancing sustainable and inclusive growth across Asia-Pacific.

More than 80 high-level speakers from across the region contributed to the two-day programme, bringing together expertise from business, finance, government, the United Nations and civil society. The forum also convened an exceptional audience of CEOs, C-Suite, Board Directors, Heads of UN agencies and senior decision-makers, creating one of the region’s most significant platforms for cross-sector dialogue on sustainable business.

Across plenary dialogues, leadership panels and action-oriented workshops, participants explored the issues shaping the future of business in Asia-Pacific, including climate action, sustainable finance, gender equality, resilient supply chains, water stewardship, governance and integrity, digital innovation, human rights due diligence, circular economy solutions and ESG data for decision-making. Rather than focusing solely on ambition, Forward Faster Now challenged businesses to move from broad sustainability goals to target setting, practical decisions, stronger systems and action that can deliver progress at scale.

A defining milestone of the forum was the visit of Sanda Ojiambo, Assistant Secretary-General, CEO and Executive Director of the UN Global Compact. Her presence in Sri Lanka underscored the country’s growing role within the regional sustainability agenda and reinforced the importance of private sector leadership in delivering the Sustainable Development Goals.

Beyond the public programme, her visit included a series of bilateral engagements and strategic convenings with business and institutional leaders, deepening relationships and opening new avenues for engagement between the UN Global Compact and stakeholders in Sri Lanka.

The event also marked the launch of three significant initiatives by UN Global Compact Network Sri Lanka that will extend the impact of the convening well beyond the event itself. The Responsible Business Coalition was introduced as a new partnership to embed sustainability, and strengthen governance by bringing together Sri Lanka’s leading professional and industry associations to embed the Ten Principles of the UN Global Compact into their existing convening, training and thought-leadership channels, moving responsible business from a standalone function to a shared C-Suite and Board responsibility.

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Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025

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The Sri Lanka Insurance Corporation General Ltd. (SLICGL) team gathered to honour its top-performing sales professionals at the Annual Sales Awards 2025, held under the theme ‘One Team, One Vision’ on 20th August at the Monarch Imperial.

The evening convened sales leaders and high achievers throughout the island to celebrate a year of sustained performance, customer trust, and commitment which has kept SLICGL at the forefront of Sri Lanka’s general insurance sector.

Affirming SLICGL’s appreciation for the people driving success on the ground, the Sales Awards 2025 recognised those who went beyond targets, deepened client relationships, and contributed directly to the company’s continued expansion.

The event drew an unprecedented audience of over 700 participants. This year’s celebrations recognised a record number of winners, more than double the achievements honoured last year covering a diverse range of award categories reflecting excellence at every level of the business.

Nusith Kumaratunga, Chairman, Sri Lanka Insurance Corporation graced the event as the Chief Guest together with the Board of Directors and senior management of SLICGL also present as invited guests, encouraging and commending the winners for their outstanding achievements.

The award winners at this year’s ceremony included Insurance Advisors, Marketing Executives, Branch Managers, Regional Managers, and members of the Head Office Sales Channels, who were recognised and celebrated for their outstanding achievements in multiple categories.

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Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia

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(Left to Right: District Rotaract Representative of Sri Lanka and Maldives - PHF Rtn. Rtr. PP Dr. Jude Lucian, Chief Executive Officer of Destination Management Sector at John Keells Holdings PLC – Nalaka Amaratunga, SEARIC Summit Sri Lanka 2026 Chair – PDRR Akhila Wijetunga, Rotary District 3220 Governor of Sri Lanka and Maldives - Rtn. Kumar Sundararaj)

Sri Lanka is set to host the SEARIC Summit 2026 from 11 to 13 September 2026 at the Pegasus Reef Hotel, marking the first time the country will host the flagship regional gathering of the South East Asia Rotaract Information Centre (SEARIC).

Hosted by Rotaract in Rotary International District 3220 (RID 3220) – Sri Lanka & Maldives, the three-day summit is expected to bring together more than 500 delegates from six countries, creating a regional platform for leadership development, knowledge exchange, cultural understanding and collaboration among young leaders. The South-East Asia Rotaract Information Centre (SEARIC) serves as a regional platform connecting Rotaract districts across South East Asia. It facilitates collaboration, information exchange, cultural understanding and joint initiatives among Rotaractors across the region. The annual SEARIC Summit serves as the network’s flagship gathering, bringing together Rotaractors and Rotarians from participating countries for shared learning, fellowship, cultural exchange and collective growth.

Under the theme “The Role of Technology in the Future of Careers and Services,” SEARIC Summit Sri Lanka 2026 will explore the rapidly changing relationship between technology, careers, leadership and community service. As emerging technologies continue to transform industries and the way people work, the summit will provide a platform for young leaders to examine how technology can be used not only to prepare for the future of work, but also to strengthen the way communities are served. Across three days, delegates will participate in leadership and professional development sessions, discussions, cultural experiences, networking opportunities and community-focused programming, with the central theme reflected throughout the summit programme.

Beyond the Rotaract movement, the event also contributes to Sri Lanka’s broader positioning as a destination for international conferences, youth leadership programmes and regional collaboration. With hundreds of international delegates travelling to the country, the summit provides an opportunity to showcase Sri Lanka’s hospitality, culture and potential as a host destination for future international gatherings. The event further creates a platform for young leaders from across South East Asia to connect with Sri Lankan counterparts, exchange ideas and explore opportunities for cross-border collaboration.

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