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People’s Bank and IDB Launch ‘BizTeens Challenge 2025’

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The official agreement marking the commencement of this partnership was signed recently. (Pic by Sujatha Jayarathna)

People’s Bank, in collaboration with the Industrial Development Board (IDB) of Sri Lanka, has officially launched an island-wide initiative for school children titled ‘People’s BizTeens Challenge 2025’. This pioneering programme is designed to empower and uplift the next generation of young entrepreneurs by providing them with a platform to showcase their innovative business ideas and entrepreneurial concepts.

The official agreement marking the commencement of this partnership was signed recently at the auditorium of the People’s Bank Staff Training College. The event was graced by People’s Bank Chairman Prof. Narada Fernando, Chief Executive Officer/General Manager Clive Fonseka, IDB Chairman Ravi Nissanka, Acting Director General W.A.P. Kapila Nishantha, Deputy General Manager – Retail Banking and Overseas Customer Services Aruni Liyanagunawardana, as well as members of the Bank’s corporate and executive management, school principals, teachers, and a large number of schoolchildren.

The People’s BizTeens Challenge 2025 aims to nurture future entrepreneurs by encouraging students to contribute towards strengthening Sri Lanka’s economy through the introduction of new products and business innovations. The programme will run from 15th July to 30th September 2025 and is open to students aged between 11 and 18 years. People’s Bank and the IDB have signed a formal agreement for the successful execution of the programme.

Under the IDB’s existing “Industry Entrepreneurship Circles” initiative, 590 school-based entrepreneurship circles have already been established. These circles are facilitated by over 1,000 trained teachers, with more than 30,000 student members currently engaged. In addition to the existing participants, the IDB will register new students into both existing and newly formed circles throughout the competition period.

Applications for People’s BizTeens Challenge 2025 have been distributed to all schools island-wide and are also available for download via the official websites of People’s Bank (www.peoplesbank.lk) and the IDB. Completed applications must be submitted to the IDB via Registered Post, duly authorised by the respective school principals.

All submissions will be evaluated by a panel of industry experts. Winners will be selected at both District and National levels. At the District level, certificates will be awarded to the first, second, and third place winners. Additionally, three special recognition certificates will be presented to students aged 11–15 and 15–18 years who demonstrate exceptional talent.

At the National level, the first, second, and third place winners will receive cash prizes of Rs. 250,000, Rs. 150,000, and Rs. 100,000 respectively. Furthermore, 10 consolation prizes of Rs. 25,000 each will be awarded.



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Indo-Lanka Chamber hosts dialogue on Sri Lanka’s investment future

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Interactive session with Aritha Wickramasinghe

The Indo-Lanka Chamber of Commerce & Industry (ILCCI), affiliated to The Ceylon Chamber of Commerce, hosted an interactive session on Sri Lanka’s Investment Future: Policy, Opportunity & Growth at Jetwing Colombo Seven. The session was attended by Dr. Satyanjal Pandey as Chief Guest, while Aritha Wickramasinghe delivered the keynote address in his capacity as Chief of Staff to the Office of the Presidential Special Envoy on Foreign Investment, Hanif Yusoof.

ILCCI President M. Raghuraman, in his remarks, expressed appreciation to Dr. Pandey for his service during his tenure in Sri Lanka and underscored the timeliness and importance of the session topic in the context of the current global economic and geopolitical climate.

Addressing the gathering, Dr. Pandey observed that in a period marked by geopolitical and economic turbulence – reliability, trustworthiness, and secure supply chains have become increasingly important. He also highlighted the strong and growing economic partnership between India and Sri Lanka, noting several significant Indian investments in Sri Lanka, including those by ITC Limited and CEAT Limited, while indicating that further investments are expected in the future.

As a representative of the state, Aritha Wickramasinghe stated that it is the responsibility of the government to ensure that, even amid global turbulence, Sri Lanka remains stable in its policy direction, credible in its economic management, and consistent in its engagement with investors. He also emphasised the opportunities available to the Sri Lankan economy through deeper engagement with India’s fast-growing economy, noting that while India and Sri Lanka are neighbours, the relationship is regarded as one of family rather than mere proximity.

The session which included a highly engaging and interactive Q&A session with the audience, concluded with a productive exchange of views between the distinguished guests, speakers and participants, reaffirming the importance of continued dialogue and collaboration in strengthening investment and economic ties between Sri Lanka and India.

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Australia and Sri Lanka strengthen maritime security partnership

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The Australian Border Force and Sri Lanka Coast Guard have launched Disi Rela 2026, marking the third consecutive year of the joint maritime security initiative aimed at strengthening maritime surveillance, operational capability, and public awareness across Sri Lanka’s coastal regions.

This year, Disi Rela 2026 expands its community engagement and public awareness activities to Sri Lanka’s Eastern Province, following successful activations conducted in the Western and Southern Provinces in previous years.

Meaning “keeping a watchful eye over the maritime environment,” Disi Rela reflects the continued partnership between Australia and Sri Lanka to strengthen maritime security, combat transnational maritime crime, and promote safer seas across the region. Through intelligence sharing, operational cooperation, advanced equipment support, and public awareness initiatives, both countries continue to work together to address threats including people smuggling, drug trafficking, illegal fishing, and other unlawful maritime activities.

Over the past three years, the Australian Government has supported Sri Lanka’s maritime security efforts under the Disi Rela initiative through the donation of 24 surveillance drones, three all-terrain vehicles (ATVs), three Stabicraft patrol vessels, and the establishment of a dedicated 24/7 hotline number — 106.

Further strengthening Sri Lanka Coast Guard’s operational capability, the Australian Government will donate an additional five all-terrain vehicles (ATVs) under Disi Rela 2026 to support coastal surveillance and rapid response operations.

In reflecting upon the continued partnership and shared commitment of both nations to safeguard Sri Lanka’s maritime boundaries and coastal communities, the Director General of the Sri Lanka Coast Guard,

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National SME Revival Programme by SLCSMI and NCCSL

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The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) and the National Chamber of Commerce of Sri Lanka (NCCSL)  have jointly announced the National SME Revival Programme, a forum dedicated to identifying practical challenges, opportunities, and strategic pathways for the growth and sustainability of micro, small, and medium enterprises (MSMEs) across Sri Lanka.

The programme is scheduled for 16th June 2026 from 2.00 p.m. to 5.00 p.m., at the Auditorium of the National Chamber of Commerce, 450, D. R. Wijewardena Mawatha, Colombo 10. The forum will bring together MSMEs from diverse sectors and regions to engage in substantive dialogue on competitiveness, sustainability, and their contributions to the national economy, both locally and in global markets.

The programme will feature two eminent guest speakers who bring deep expertise in economics, business strategy, and financial management: Talal Rafi is an Economist; Former Consultant to the Asian Development Bank and the European Union; Former Director, Ernst & Young. Rafi brings extensive international experience in economic policy and development finance, having advised leading multilateral institutions on growth and reform initiatives. Chaaminda Kumarasiri is a Senior Chartered Accountant, Management Consultant, and Business Advisor. Kumarasiri is a distinguished professional with a strong track record in financial management and strategic advisory services for businesses across multiple sectors.

The initiative reflects a shared commitment by both organisations to support Sri Lanka’s SME sector, which forms the backbone of the national economy. Interested participants are encouraged to reach out to +94 762 555707/ 11 4741788 (Nishanthi) or +94 77 4586940 (Gerard).

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