Business
SL embassy in rok aggressively promotes economic diplomacy through webinars
The Commercial Division of the embassy of Sri Lanka in the Republic of Korea has been tenaciously and aggressively promoting economic, investment and commercial activity with particular focus on exports from Sri Lanka to the RoK and attraction of foreign direct investments (FDIs) and international joint ventures, among others, to boost and augment the economy of Sri Lanka, given the slowdown due to the COVID-19 pandemic.
During the last couple of months, the embassy in Seoul conducted webinars to promote the exports of tea to the RoK, establish linkages for processing of gems and jewelry as well as exports to the RoK, use Sri Lanka as a hub for boat manufacturing and ship building and high-level meeting with the president and top most management of Hanseo University to establish a branch (FDI) in Sri Lanka, among others.
The embassy in close coordination with the Tea Association of Korea and Sri Lanka Tea Board as well as a large number of importers of Ceylon Tea and potential importers conducted a 90-minute webinar, which included a short video of Ceylon Tea, addresses by Jayampathi Molligoda, chairman of Sri Lanka Tea Board; Niraj De Mel, Deputy chairman of Ceylon Tea Brokers PLC; Shawn S. Jung, Chairman of Tea Association of Korea and opening and closing remarks by ambassador Dr. A. Saj U. Mendis and Ms. Rekha Mallikarachchi, Minister Counsellor (Commercial) of the Embassy of Sri Lanka respectively.
Ambassador Dr. Mendis stated in his opening remarks that the quantum of cups of tea sold in year 2016 has increased by three times, now, thus clearly and lucidly manifesting the growing demand of tea in the RoK. The chairman of Sri Lanka Tea Board and Deputy Chairman of Ceylon Tea Brokers PLC accentuated and illustrated the utility and benefits of tea for health and wellbeing as well as the illustrious history of tea in Sri Lanka for nearly two centuries. Over 80 business houses and importers as well as interested parties pro-actively participated at this fascinating webinar titled “Ceylon Tea Tasting”.
The embassy in close collaboration with Korea Gem Trade Association known as KGTA and National Gem and Jewelry Authority (NGJA) of Sri Lanka conducted a webinar, along with comprehensive graphic presentations, in order to promote exports of gems and jewelry to the RoK. Tilak Weerasinghe, chairman of NGJA and Hong Jae Young, chairman of KGTA as well as the ambassador Dr. Mendis and Minister Counsellor Ms. Mallikarachchi, among others, addressed the webinar. One of the key attributes was to encourage and lure the corporate houses specialized in gems and precious stones to be engaged with Sri Lanka in the sphere of gems and jewelry leading to international joint ventures. Further, the speakers stated that Sri Lanka possesses exquisite craftsmanship and sophisticated creativity, blended with modern technology, thus focusing on excellence on designing and fashioning, making Sri Lanka a unique hub for gems and jewelry in Asia. This webinar too was attended by a large number of participants from both ends of the equation.
Since Sri Lanka has the capacity and technical know-how in boat and shipbuilding industry for many decades, the embassy in close cooperation with Korea Medium & Small Shipbuilding Industry Cooperative (KOMSSIC) and Sri Lanka Boat Building Industry conducted a webinar to profile and project the capacities of Sri Lanka in this sphere. Gamini Herath, Managing Director of boat building Technology Improvement Institute (BTI) and Bae Chui-nam, Executive Director of KOMSSIC made presentations and addresses of the capacities, necessities and requirements of this sector. Both ambassador Dr. Mendis and Commercial Minister Counsellor Ms. Mallikarachchi delivered the opening and closing remarks. Dr. Mendis stated that this sector has a distinct advantage to become a hub in the entire Asian region due to its strategic location, highly trainable and adaptable workforce, state-of-the-art technology, proven expertise and advantage of cost of labor, amongothers.
Business
Asia-Pacific business leaders to accelerate sustainable business action
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.
Business
Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025
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.
Business
Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia
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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