Business
Unit Trust Association of Sri Lanka launches “Investor Awareness Initiative” to empower public to build wealth through Unit Trusts
The Unit Trust Association of Sri Lanka (UTASL) has launched an Investor Awareness Initiative aimed at helping Sri Lankans understand how Unit Trusts (UTs) can play a vital role in planning and growing their wealth. The initiative will take place at the World Trade Centre, Colombo, from 27th to 31st October 2025, where there will be 16 member companies participating in the awareness programme.
While Unit Trusts are one of the most widely used and trusted investment tools globally, awareness and participation among Sri Lankan investors remain relatively low. UTASL’s latest initiative seeks to change that by making the concept of Unit Trusts simple, relatable, and accessible to everyone, from first-time investors to those seeking to diversify their savings. This public education drive supports the ongoing efforts of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) to strengthen financial literacy and investor participation across the country.
The launch of this initiative comes at a time of renewed confidence and growth in the Unit Trust industry. As of August 2025, total assets under management reached Rs. 601 billion, and the number of unit holders climbed to 131,609, reflecting an increase of 16,972 new investors and Rs. 56.4 billion in funds within the year. This growth signals a significant shift in investor behaviour, with more Sri Lankans beginning to look beyond traditional savings accounts toward professionally managed investment options that offer stability, transparency, and long-term returns.
Speaking on the initiative, Christine Dias Bandaranaike, President UTASL, said, “For Sri Lanka’s economy to grow sustainably, people must begin to think like investors, not just savers. Unit Trusts make this transition easier. Professionals, regulated by the SEC, manage Unit Trusts, and are accessible to anyone who wants to start building wealth systematically. Our campaign’s central message is Dhanaya Wadana UT (Wealth Building UT), with which we hope to encourage Sri Lankans to take control of their financial future through disciplined, long-term investing in regulated Unit Trusts.”
The public engagement event at the World Trade Centre, Colombo, is from the 27th to the 31st of October, providing a unique opportunity for visitors to engage directly with licensed fund managers and investment experts. This interactive platform allows you to learn about different types of Unit Trusts, such as equity, balanced, and income funds, and discover how small, consistent investments can grow into long-term wealth.
The companies participating in the Investor Awareness initiative are leaders in the industry, each bringing their unique expertise and commitment to wealth building. These include Arpico Ataraxia Asset Management (Private) Limited, Asia Securities Wealth Management (Pvt) Ltd, Asset Trust Management (Pvt) Ltd, Assetline Capital (Pvt) Ltd, Capital Alliance Investments Ltd, Ceybank Asset Management (Pvt) Limited, Ceylon Asset Management Company Limited, CT Smith Asset Management (Private) Limited, First Capital Asset Management Limited, J B Financial (Pvt) Ltd, LYNEAR Wealth Management (Pvt) Limited, National Asset Management Limited, NDB Wealth Management Limited, Premier Wealth Management Ltd, Senfin Asset Management (Pvt) Ltd, and Softlogic Asset Management (Pvt) Ltd.
UTASL aims to popularise Unit Trusts and inspire Sri Lankans to prioritise long-term, professionally guided investing over short-term savings. The core message of “Dhanaya Wadana UT” will empower Sri Lankans to control their financial future and contribute to national economic growth. For more information on Unit Trusts and how to get started, visit their website at utasl.lk or meet the UTASL member firms at the World Trade Centre, Colombo, from 27th to 31st October, 2025.
Business
Cargills adopts Crow Island Beach in partnership with Clean Ocean Force Lanka
Cargills Food and Beverage Ltd. through its brands KIST and Knuckles, has signed a Memorandum of Understanding (MoU) with Clean Ocean Force Lanka (COF) to adopt Crow Island Beach for one year, reinforcing its commitment to long-term coastal conservation in Sri Lanka.
This pioneering initiative is designed to protect and preserve the coastal environment through several key measures, including the removal of plastic and other pollutants from the beach and surrounding coastal area. As part of the adoption programme, the beach will be maintained daily with the support of dedicated beach caretakers, while also supporting their livelihoods by providing meaningful income opportunities.
Marking the partnership and in celebration of World Recycling Day, a coastal clean-up programme was conducted at Crow Island Beach to remove plastic and other manmade pollutants. Volunteers from Cargills, Clean Ocean Force Lanka, the Interact Club of Colombo, the Colombo Municipal Council and the Women’s Force of COF Negombo (Sri Vimukthi Association) participated in the clean-up with support from the Marine Environment Protection Authority (MEPA), the Sri Lanka Police Environmental Division and the Ministry of Local Government and Environment as well as the Crow Island Beach Park Society.
Jerome Fernando, Chairman & Co-founder of Clean Ocean Force Lanka said that, “Marine & Coast Conservation demands a unified front. Our unique Public-Private-People Partnership model is the cornerstone of our mission, and today, we are thrilled to welcome Cargills (Ceylon) PLC as a vital partner in this journey adopting the Crow Island Beach for the next one year. This collaboration will not only amplify our efforts to eliminate plastic and manmade pollutants from our beaches, but also reinforce our commitment to empowering marginalized communities through sustainable livelihood opportunities. Cargills’ deep-rooted dedication to environmental sustainability and community wellbeing perfectly aligns with our vision.”

Jagath Gunasekara, General Manager of MEPA added, “The Marine Environment Protection Authority consistently promotes active private sector engagement in marine and coastal conservation, as well as pollution control initiatives. This approach aligns closely with our Beach Caretaker Programme. We are pleased to collaborate with Cargills (Ceylon) PLC in the adoption of Crow Island Beach through our long-standing partnership with Clean Ocean Force Lanka.”
During the event, Knuckles also launched Sri Lanka’s first tethered bottle cap, introducing a packaging innovation aimed at improving plastic waste management and supporting recycling efforts. The tethered cap is designed to remain attached to the bottle after opening, reducing the likelihood of caps being discarded separately. Bottle caps are among the most commonly littered plastic items globally and frequently enter landfills and waterways due to their small size and low collection rates.
Speaking on the initiative, Arjuna Kumarasinghe, Managing Director of Cargills Food & Beverage Ltd., said, “Cargills has always believed in taking responsibility for the communities and environments around us. By adopting Crow Island Beach, we’re able to work closely with our partners and local volunteers to protect this part of our coastline. Launching the tethered bottle cap is another way we’re addressing plastic waste and making recycling easier for everyone.”
Business
CBSL adopts cautious stance in the face of economic uncertainties
The Central Bank is keeping its overnight policy rates unchanged, adopting a cautious stance amid uncertainty over the inflationary impact of energy prices due to the Middle East crisis.
‘We maintained the overnight policy rate at 7.75 percent, considering low inflation and a restrained approach on the fallout of the US-Israeli war on Iran, Central Bank Governor Dr Nandalal Weerasinghe said.
The Governor made these remarks yesterday at a press briefing held at the Central Bank head office in Colombo to announce the monthly monetary policy stance.
Dr Weerasinghe added: ‘Inflation is now expected to reach the Central Bank’s target of 5 percent in the second quarter of 2026, after Sri Lanka raised fuel prices by about 35 percent this month.
‘However, spillovers from the ongoing conflict could weigh on domestic economic activity in the period ahead should the conflict be prolonged.
‘The rates were steady since last May as the nation recovers from a 2022 financial crisis driven by a severe dollar shortage.
‘Supported by a US$ 2.9 billion programme with the IMF, Sri Lanka posted a strong economic recovery last year, growing by 5 percent and now targeting growth between 4 percent and 5 per cent in 2026.
‘What stands out is that they see space for inflation to rise because of energy prices but still stay contained.
‘From now to June, underlying economic momentum has the space to keep pace despite the disruption because domestic liquidity and credit has been quite substantial as well.
‘An IMF team will arrive in Colombo on Friday for the combined fifth and sixth reviews of the bailout.
‘Furthermore, Gross Official Reserves increased to US$ 7.3 billion at end February 2026 and the Central Bank purchased a substantial amount of foreign exchange from the market in the first two months of the year.
‘However, the ongoing conflict in the Middle East poses risks to Sri Lanka’s external sector outlook, particularly through energy, tourism, trade and remittance flows, although the overall magnitude of the impact remains uncertain.
‘While the Sri Lanka rupee remained relatively stable in early 2026, some depreciation pressures were observed following the onset of the Middle East conflict, similar to the exchange rates of regional peers.
‘Meanwhile, the Monetary Policy Board remains prepared to implement appropriate policy measures to ensure that inflation stabilizes around the target, while supporting the economy to reach its potential.’
By Hiran H Senewiratne
Business
Dialog Unveils Dialog Play Mini with Netflix and Apple TV
Dialog Television, Sri Lanka’s #1 Pay-TV service provider, has announced the latest upgrade to its smart entertainment lineup with the Dialog Play Mini, featuring seamless access to global streaming platforms including Netflix, Apple TV and YouTube, alongside the Dialog Play entertainment ecosystem for a unified viewing experience. Previously known as the ViU Mini, the device has now been reintroduced as the Dialog Play Mini, reflecting the evolution of Dialog’s digital entertainment platform under the Dialog Play brand.
The Dialog Play Mini transforms any television into a smart 4K entertainment hub by enabling hybrid multi-platform streaming across leading global and local content platforms, delivering a smoother, more intuitive viewing experience. Whether enjoying Netflix originals, Apple TV exclusives, or local favorites, households can now experience world-class entertainment in one compact device.
The Dialog Play Mini brings a streamlined, user-friendly experience to any home setup. Its single numeric-keypad remote controls both the TV and the device, offering simplicity and convenience for everyday viewing. With multiple connectivity options including Wi-Fi, hotspot, LAN, or wingle, the device ensures uninterrupted entertainment even in areas without smart TVs or advanced broadband setups.
Bridging the gap between entry-level set-top boxes and premium Android TV devices, the Dialog Play Mini offers a plug-and-play smart experience. Supported by Dialog’s nationwide service network, local warranty, and after-sales care, it delivers a reliable, feature-rich entertainment experience for Sri Lankan homes.
“With Dialog Play Mini, entertainment becomes more directly accessible for every Sri Lankan home – with or without a Smart TV,” said Lim Li San, Group Chief Operating Officer of Dialog Axiata PLC. “By bringing Netflix, Apple TV, YouTube, and Dialog Play together in one compact 4K-ready device, we’re redefining home entertainment through simplicity, innovation, and the power of connectivity.”
The Dialog Play Mini is now available at Dialog Experience Centers and authorized retailers islandwide. To purchase online, please visit
https://dialog.lk/dialog-play-mini
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