Business
Setting up global universities’ campuses locally could stem ‘dollar drain’- ICBM Campus strategist
By Hiran H.Senewiratne
Sri Lanka should urgently look at inviting top global universities to Sri Lanka with the aim of encouraging them to set up their campuses here to prevent the ‘dollar drain’ that results from local students going for overseas education, said business partner, International Center of Business Management (Pvt) Limited (ICBM Campus) and its strategist Dr.Manjula Fernando.
“At present local parents spend over US$ 1 billion annually on their children’s educational expenses overseas but by setting up international universities’ campuses here these students can learn at home and save this huge forex export bill for Sri Lanka and get the same qualification, Fernando told The Island Financial Review.
Fernando added: ‘The current private educational institutes here should seek more affiliations with global universities. This way local students can complete half of their education in Sri Lanka by paying in local currency and then do the final part overseas. This way the country can save a sizeable portion of Forex.
‘ICMB, one of the leading tertiary educational institutions in Sri Lanka has also adopted this model and has already affiliated themselves to the University of Technology Cambodia (ICC). ICBM Campus is a partner Institute for IIC University of Technology, with Cambodia holding rights to deliver its Bachelors, Masters and Doctoral programs for Sri Lankan students.
“The Cambodian ICC is globally recognized and also recognized by the UGC (University Grants Commission) Sri Lanka and hence the education programs that are done with ICBM and ICC have international recognition.I am also assisting start- ups in domain management and upgrades. I see tremendous business potential in these areas and I have a passion to share my experience and strategies free of charge to entrepreneurs to develop this segment to reach the next level in their businesses.
‘The ICBM Campus was established with one fundamental goal: to enable working professionals to secure a higher educational qualification while maintaining a fair balance of work and personal life. Their distant learning route, flexible class schedules and payment plans enable even the busiest of students an opportunity to pursue their higher education.ICBM offers Bachelor’s Degrees (Final Year Entry) (BBA in Management, B.Ed. in Education, BBA in Supply Chain Management, B.Com. in Banking & Finance), Master’s Degrees (Master of Business Administration-MBA) and Doctoral Studies (Doctor of Philosophy-PhD, Doctor of Business Administration-DBA).
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.
The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.
The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.
Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.
SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.
A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.
Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.
The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.
-
News5 days agoMastermind Naufer Moulavi among 15 found guilty
-
News7 days agoHatton youth protest against reported death sentence for Lankan in Saudi Arabia
-
News7 days agoMahaweli rises as heavy rain triggers flood, landslide fears
-
News6 days agoProtest against setting up of cement factory in highly populated area near BIA
-
Midweek Review5 days agoThileepan’s fast unto death: An authentic narrative that many missed
-
Latest News4 days agoShowers above 100 mm are likely at some places in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
-
Editorial6 days agoTrouble beginning in earnest
-
Editorial5 days agoBig Bad Bills
