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India Outbound interviews BMICH CEO

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As outbound travel from India revives after a pandemic-enforced closure, most market experts are pointing towards Meetings, Incentives, Conferencing, Expositions (MICE) and weddings as being the drivers of growth in the immediate future. And in this segment, Sri Lanka is pitching itself as the first and the best choice for a variety of reasons. Proximity, low cost and a cultural connection are only a few of its advantages. 

Adding to these, the BMICH in Colombo combines its mammoth size and immense flexibility to make it the venue of preference for MICE or wedding groups of sizes varying from a few dozens to a few thousands. In an interview with India Outbound magazine Sunil Dissanayake, CEO of BMICH outlines the importance of India as a market and the key USPs of Sri Lanka and the convention centre that would attract Indian customers.

What are the key facilities that BMICH offers for MICE and Weddings?

We are a sophisticated world class venue with 22 indoor and 10 outdoor venues. We do everything that a hotel does. From a dinner for two to a banquet for 2,000. We cater to all types of events and we are very specialized in what we do. We have facilities for simultaneous translations to seven languages and all our other audio visual and technological systems are very up to date which cater to global events.

Who are you competing with and what are your competitive advantages?

We compete with the rest of the region as a MICE destination. All the South Asian countries such as India, Bangladesh & Maldives and the other SAARC countries. Also the far eastern countries such as Singapore, Thailand, Malaysia and Indonesia. We are a purpose built facility with spacious landscaped gardens, with close proximity to India.

We sit on 38 acres of landscaped gardens and we call ourselves an urban forest with our tree laden gardens. In terms of the competitive advantage we are very cost effective, with our pricing, when compared with similar facilities elsewhere in the region. Especially for India, it’s more cost effective, because we are a lot cheaper and you get more for your foreign exchange of Indian currency. We pay about LKR.3 for an INR.1 That is also an advantage for our Indian clients.  It’s my personal view that it is cost effective to the Indian clients to come over to Sri Lanka and hold your conferences, weddings and events here rather than travelling from Delhi to Chennai or to other parts of India, which may be more expensive than coming to Colombo.

Just before the pandemic we hosted the Suzuki Maruti All India Conference and the Award Ceremony here at BMICH Expo Centre which had 1000 participants joining the event.  Afterwards, they indulged in tourism aspects of visiting different parts of the country.

Which are your biggest markets? How important is India for you?

India is our market leader for conventions, expositions, weddings and conferences, and then comes China. Those are the two major providers from abroad. We have a lot of customers and business opportunities from within Sri Lanka too and a few from Europe.

Which parts of India are key source markets?

Bombay, Chennai, Bangalore and Hyderabad, it’s mostly South India. Primarily the Southern part and some from the Northern part as well. With our excellent airline connectivity to Indian cities with Sri Lankan Airlines which connects about 100 flights per week to different cities in India, it’s better and easier to travel to Sri Lanka than travelling within India itself. The connectivity is excellent.

How important is the Indian Wedding Market for you?

We are looking at the wedding market. We have quite a few weddings, especially the outdoor weddings with great outdoors. That’s another aspect that we are marketing. We are taking part in trade shows in India. BLTM and various other trade shows, and we also invite Indian MICE agents on familiarization tours. We had one tour in early 2020 prior to the pandemic. It’s a great opportunity for Indian weddings to be hosted at the BMICH as we are in close proximity to all the city hotels in Colombo. It is a matter of staying in a Colombo hotel and using our facilities to host the wedding.

USPs and novelties in Sri Lanka for post-event leisure?

There are many aspects an individual can indulge in post and pre-event leisure activities. The participants can extend their stay in Sri Lanka after the event or arrive earlier and bring their families too. The families could shop around in shopping malls in Colombo City where most of the global brands at a competitive price than in India are available. From Colombo it is a “hop step and a jump” to the beaches and one can select any type of environment of choice.  For example the hill country with the mountains are just three hours away and then we have the wildlife which is also about 3 hours away. The Archaeological sites too could be reached within 3.5 to 4 hours. Of course, then we have the water sports on the southern coast and the eastern coast with surfing & water skiing in Arugam Bay in the east coast. Everything is within easy reach if you wish to enjoy in pre or post MICE event leisure activities in Sri Lanka.



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Historic launch of CCWE Fashion Week & International Summit 2026

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Ayanthi Gurusinghe, President, Ceylon Chamber of Women Entrepreneurs (CCWE), joined by Damith Pallewatte, MD/CEO, HNB, and Sanjay Wijemanne, Senior Executive Vice President/COO, HNB, at the press conference announcing CCWE Fashion Week, powered by HNB, held at HNB Towers.

The Ceylon Chamber of Women Entrepreneurs (CCWE) officially announced the CCWE Fashion Week & International Summit 2026 at a press conference held in Colombo, unveiling a historic national initiative that will mark the first-ever fashion week in Sri Lanka and the South Asian region dedicated exclusively to women entrepreneurs.

Held under the theme “Threads of Inclusion Woven from Every Walk of Life,” the event is scheduled to take place from 16th to 20th July 2026 at Cinnamon Life, Colombo, positioning Sri Lanka at the forefront of inclusive and sustainable fashion while creating a powerful platform for economic and social transformation.

This landmark initiative goes beyond fashion to deliver meaningful value to society by empowering women entrepreneurs across diverse communities, industries, and regions. By bringing together designers, artisans, SMEs, policymakers, investors, and international stakeholders, the event aims to create new market opportunities, strengthen financial inclusion, and promote sustainable livelihoods. It will serve as a catalyst for economic growth by supporting women-led businesses, enhancing export potential, encouraging youth participation in creative industries, and fostering regional collaboration across South Asia.

Supported by a strong network of corporate partners, the initiative is led by HNB as the Title Sponsor, reflecting a collective commitment to empowering women economically and driving more inclusive national progress.

Speaking at the press conference, Dr. Ayanthi Gurusinghe, President of CCWE and Chairman of the Fashion Week, stated, “Today we are announcing more than an event—we are introducing a national movement that will transform the way we view women entrepreneurs in Sri Lanka. This platform is designed to open doors for women from every walk of life, enabling them to convert talent into enterprise, gain access to markets, and contribute meaningfully to the economy. Through this initiative, Sri Lanka has the opportunity to lead the region in building a future where inclusion meets opportunity and equality.”

HNB, MD/ CEO, Damith Pallewatte, added, “For over 135 years, HNB has stood as a partner in progress to all Sri Lankans, and supporting women entrepreneurs is central to how we continue that legacy. This initiative creates a platform where women can access markets, build sustainable businesses, and contribute meaningfully to national economic development.

When women are empowered with the right access and support, the impact extends to families, communities, and the broader economy. Our decision to serve as Title Sponsor is driven by our commitment to enabling that access and supporting pathways for long-term growth through financial inclusion and enterprise development.”

Extending regional support, Mrs. Premila Acharya, President of the South Asian Women Development Forum (SAWDF), shared her support online, “The CCWE Fashion Week & International Summit 2026 is a landmark initiative that reflects the strength and potential of women entrepreneurs across our region. It is inspiring to see Sri Lanka take the lead in creating a platform where inclusion, opportunity, and equality come together. SAWDF is proud to stand in partnership with CCWE in empowering women through collaboration and shared progress.”

Highlighting achievements The United Nations Economic and Social Commission for Asia and the Pacific Subregional Office for South and South-West (ESCAP-SSWA) as Knowledge Partner Ms. Mikiko Tanaka, Head and Director noted “ESCAP is pleased to serve as a knowledge partner for the CCWE Fashion Week & International Summit 2026. This initiative reflects our shared commitment to enhance women entrepreneurs’ access to markets, finance and digital networks. Connecting women-led businesses to regional networks can further unlock opportunities outside Sri Lanka. We commend CCWE’s leadership in creating an enabling environment for women from diverse backgrounds to innovate, participate and contribute to inclusive and sustainable economic development.”

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Sri Lanka’s capital market gains international recognition for GSS+ Bond issuances

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The Colombo Stock Exchange (CSE) announces that Sri Lanka’s capital market has received international recognition for the quality and innovation of its Green, Social, Sustainability and Sustainability-Linked (GSS+) bond issuances at the 2026 Sustainable Debt Awards hosted by Environmental Finance. This milestone reflects the continued strengthening of Sri Lanka’s sustainable finance landscape and its growing alignment with international capital markets.

This achievement builds on a sustained collaboration with the EU-funded Green Recovery Facility, implemented by Expertise France, which has supported the development and international positioning of Sri Lanka’s GSS+ bond market. Advisory and coordination support has been provided in close collaboration with the CSE, alongside technical inputs from the contracted consultancy team Baastel led by Jason Taylor.

Since supporting the operationalisation of Sri Lanka’s Green Bond Framework in 2023, this engagement has evolved into a broader effort to develop the country’s GSS+ bond market. Through strengthened policy alignment, market development, and stakeholder engagement, this partnership has contributed to corporate GSS+ bond issuances aligned with international standards.

Collectively, recent GSS+ bond issuances in Sri Lanka have mobilised approximately LKR 82 billion (around EUR 216 million) across green, blue, social, sustainability, and sustainability-linked instruments, financing priority sectors such as renewable energy, energy efficiency, water and coastal resilience, and inclusive social infrastructure. These issuances have been oversubscribed, reflecting growing investor confidence in Sri Lanka’s sustainable finance framework.

This progress has been supported by the introduction of Sri Lanka’s GSS+ Bonds Regulatory Framework in 2025, aligned with international principles, further strengthening market credibility and investor confidence.

The awards recognise the following Sri Lankan institutions:

DFCC Bank – Award for Innovation: Use of Proceeds (Green Bond, APAC)

Bank of Ceylon – Award for Innovation: Sustainability Bond Structure (APAC)

Commercial Bank of Ceylon – Green Bond of the Year (Financial Institution, APAC)

Thimal Perera, Director/Chief Executive Officer, DFCC Bank PLC said, “This recognition reflects the progress Sri Lanka’s capital markets are making in aligning with international sustainable finance standards and strengthening credibility with global investors. We are honoured to receive recognition in the area of innovation in use of proceeds, which highlights the growing ability of Sri Lankan institutions to structure financing solutions with transparency, measurable impact, and long-term relevance. We remain grateful to the regulators, market participants, technical partners, and investors whose continued support is helping advance Sri Lanka’s sustainable finance ecosystem.”

“We are honoured to receive the Environmental Finance’s Sustainable Debt Award for Innovation – Sustainability Bond Structure (APAC) for the Bank of Ceylon’s inaugural LKR 20 billion Basel III compliant Tier 2 Sustainability Bond – the largest sustainability bond issuance in Sri Lanka and the first of its kind. This alignment addressed both BOC’s capital adequacy requirements and commitment to aligning sustainable finance with national development priorities while advancing resilient and inclusive economic growth in Sri Lanka. As the first Sri Lankan bank to secure this prestigious global award, we wish to thank the Colombo Stock Exchange for their proactive coordination and encouragement. We also extend our sincere appreciation to all stakeholders who partnered with us in this trailblazing endeavor.” said Mr. G. A. Jayashantha, Acting Senior Deputy General Manager/ Head of Global Markets, Bank of Ceylon.

Remarking upon the award Sanath Manatunge, Managing Director / Chief Executive Officer of Commercial Bank of Ceylon said “Winning the ‘Green Bond of the Year’ award is a significant milestone for Commercial Bank and a strong endorsement of our commitment to sustainable finance and responsible banking. As the largest private bank in Sri Lanka, we recognise our responsibility to support investments that drive long-term environmental and economic resilience, particularly in the renewable energy sector. This recognition reflects the Bank’s strategic focus on advancing sustainable financing solutions that contribute meaningfully to the country’s climate goals and broader sustainable development agenda.”

These recognitions are particularly significant in the context of Sri Lanka’s ongoing economic recovery and debt restructuring process. As the country works to restore macroeconomic stability and rebuild investor confidence, the ability of Sri Lankan financial institutions to successfully issue GSS+ bonds aligned with rigorous international standards sends a strong signal to global capital markets.

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Uber introduces Hybrid Subscriptions for Moto and Tuk Drivers

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Uber, Sri Lanka’s most loved ridesharing platform, today announced the launch of Hybrid Subscriptions for Moto and Tuk drivers in the country. This includes a new ‘earn first, pay later’ model that gives drivers greater flexibility by allowing them to start earning on the platform without upfront payments. Drivers will continue to benefit from 0% commission on trips, allowing them to keep all of their earnings while paying a subscription fee separately.

With hybrid subscriptions, drivers can choose a model that works best for their driving patterns, making it easier for both full-time and part-time drivers to access trips and earn on Uber. The launch is aimed at improving the overall experience for drivers while continuing to offer reliable mobility for riders.

Flexibility and earning potential remain key priorities for drivers across Sri Lanka’s two- and three-wheeler ecosystem. The new model addresses this by giving drivers more control over how they engage with the platform and how they structure their earnings. By offering both time-based and earning-based subscription options, Uber provides drivers greater flexibility. While time-based subscriptions are ideal for full-time drivers, earning-based subscriptions work well for part-time drivers.

Commenting on the launch, Kaushalya Gunaratne, Country Manager – Mobility, Uber Sri Lanka, said, “”Drivers are at the heart of everything we do. We were among the first to introduce subscription models for Moto and Tuk drivers in Sri Lanka, and with hybrid subscriptions, we’re taking it further – giving drivers the benefits of zero commissions and the flexibility to choose what works best for them.”

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