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
Siyapatha Finance unveils newest branch in Bandarawela
Siyapatha Finance PLC recently expanded its island-wide footprint with the successful inauguration of its 64th branch in Bandarawela. Strategically located in scenic hill town in the Badulla District, the latest branch offers convenient and wider access to tailored, customer-centric financial solutions.
The branch was ceremoniously declared open by Siyapatha Finance PLC Chief Executive Officer (CEO) Mathisha Hewavitharana, joined by Chief Operating Officer (COO)Rajeev De Silva, Ms.D.M. Dewmi Tharindi, a student of Bandarawela Dharmapala Vidyalaya who won the Under-18 Girls’ 3,000m event at the Junior National Athletics Championship, the Senior Management and staff members as well as Traffic OIC Kandasami, Trade Association Secretary Sunanda Rathnayaka, representatives of the government and private banks and insurance companies and well-wishers.
Sharing his thoughts, Siyapatha Finance PLC CEO Mathisha Hewavitharana remarked: “We are deeply honoured to be of service to the people of Bandarawela. Opening this branch is a pivotal step in our 2026 expansion strategy and a reflection of our commitment to strengthen our presence in Sri Lanka. It is a region that showcases potential for greater economic development primarily through the country’s traditional agricultural practices. We look forward to reaching as many different communities as possible in the coming years.”
The Bandarawela branch offers a comprehensive product portfolio including leasing, fixed deposits, gold financing, business loans, personal loans, fast draft, and factoring to Smart Pay, the Company’s bill payment facility. With a thorough understanding about the current socio-economic dynamics of the region, the well-trained team at the newest branch is dedicated to providing flexible financial solutions to aspiring individuals as well as small and medium-scale enterprises (SMEs).
Business
Dialog recognised as Sri Lanka’s Most Loved Service and Telecommunications Brand for third consecutive year
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has once again been recognised as Sri Lanka’s Most Loved Brand in the Service and Telecommunications sectors, while also ranking among the top Corporate Brands in the LMD Brands Annual. Marking its third consecutive year at the top of both categories, the recognition reflects the company’s commitment to enriching Sri Lankan lives and enterprises through technology, while creating value for customers, communities and the nation.
The accolades were awarded through the LMD Brands Annual survey, conducted independently by PepperCube Consultants on behalf of Media Services. Based on responses from 400 readers across Sri Lanka, representing a broad demographic and geographic mix, the survey identified the brands that resonated most strongly with consumers in terms of trust, loyalty and brand affinity.
Lasantha Theverapperuma, Group Chief Marketing Officer of Dialog Axiata PLC said, “Being recognised as Sri Lanka’s Most Loved Brand across both the Service and Telecommunications sectors is a meaningful endorsement of the trust and confidence that Sri Lankans continue to place in Dialog. This recognition reflects our commitment to understanding and serving the evolving needs of our customers while expanding access to digital connectivity, services and opportunities. As we continue to innovate and grow, we remain focused on creating value for communities and supporting Sri Lanka’s digital and socioeconomic progress.”
The recognition also reflects Dialog’s continued focus on innovation, customer-centricity and investments that support Sri Lanka’s digital future, including expanded 5G connectivity, AI-powered digital experiences and broader access to digital services.
Beyond connectivity, Dialog continues to support communities, livelihoods and the environment through initiatives such as Govi Mithuru, which provides AI-driven agricultural advisory services to over one million farmers, and Shishyadhara, which has enabled subsidy distribution to more than 450,000 underprivileged students. The company also continues to advance its Net Zero 2050 ambition through energy optimisation, renewable energy adoption and the expansion of solar-powered network infrastructure.
Further underscoring the brand’s standing among Sri Lankan consumers, Dialog was also recognised as the ‘Service Brand of the Year’ for the fifth time and the ‘Telecommunication Brand of the Year’ for the 15th consecutive year at the SLIM-KANTAR People’s Awards 2026.
Business
Digital shift in vehicle insurance verification in Sri Lanka powered by HUTCH Enterprise
Sri Lanka’s vehicle insurance industry has taken a significant step towards digital transformation with the launch of a nationwide digital insurance verification platform, eliminating the long-standing requirement for motorists to carry a physical insurance certificate.
Since May 2026, motorists can conveniently verify the validity of their vehicle insurance by simply dialing *1338# from any mobile phone or sending an SMS with the vehicle registration number. The new service offers greater convenience and peace of mind, allowing motorists to access insurance information anytime and anywhere without the need to carry or safeguard a plastic insurance card.
The landmark initiative was designed and developed by HUTCH Enterprise in collaboration with the Insurance Regulatory Commission of Sri Lanka (IRCSL), the Insurance Association of Sri Lanka (IASL), all general insurance companies, telecommunications operators, and technology partners. The initiative aims to enhance national productivity by reducing administrative burdens, minimizing commuter inconvenience, improving accessibility, and supporting environmental sustainability through the elimination of plastic insurance cards.
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