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Vietnamese Central Bank Governor compliments SL on economic improvements

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Vietnamese Central Bank Governor Mdm. Nguyen Thi Hong meets Sri Lankan ambassador to Vietnam Prof. A. Saj U. Mendis.

Governor of the Central Bank of Vietnam, the latter also known as the State Bank of Vietnam (SBV), Mdm. Nguyen Thi Hong, expressed optimism and voiced encouraging sentiments on the improvement of the economy of Sri Lanka, during the last 12 months, when the ambassador of Sri Lanka to Vietnam, Prof A. Saj U. Mendis, met her at the head office of the SBV.

Both the Governor and envoy discussed in detail micro and macro-economic issues and policies as well as monetary and fiscal policies implemented and executed by Vietnam, resulting in Vietnam attaining unprecedented economic growth during the last couple of decades.

A press release issued by the Sri Lankan embassy in Vietnam said: ‘Governor Hong, was one of the three Governors of Central Banks who were chosen by the prestigious “Global Financial Magazine” as the most effectual and competent Central Bankers in the world.

Ambassador Mendis complimented, both during the meeting as well as in writing, on this achievement, which reflected and manifested the efficacious and result-oriented policies executed by the Central Bank i.e. SBV. On the same note, Governor Hong conveyed the best wishes to the Governor of the Central Bank of Sri Lanka (CBSL), Dr. P Nandalal Weerasinghe, who was also selected by Global Financial Magazine as one of the best and competent Central Bankers in the world.

‘Governor Hong noted that Sri Lanka succeeded in reducing inflation from 65% to 5% within a space of 12 months as well as marked reduction of interest rates, increase of official foreign reserves and stabilizing of national currency of Sri Lanka.

Mendis stated that Vietnam, today, has become one of the fastest-growing economies in the world, thus being noted by major advanced economies and large multinational corporates world over.

‘Mendis added that a Central Bank of any nation, be developed or developing, plays an influential and seminal role in navigating and steering the economy.

That said, Vietnam which had a GDP per capita of only USD 90 in 1990s, today has risen to USD 4,450 as well as bilateral trade exceeding USD 730 billion, including exports of over USD 370 billion in 2022. Vietnam maintains economic and political stability with highly impressive economic indicators, such as inflation, interest rates and unemployment, among others.

‘Prof Mendis also stated that the SBV was pivotal and decisive in creating a milieu for foreign investors, corporates and FDI to flow into the country, since Vietnam received FDI in excess of USD 20 billion in 2022 and envisaging FDI of around USD 30 billion in 2023.

Some of the largest corporates, which are household names, have committed significant investments and FDIs in Vietnam amounting to a total FDI stock of USD 450 billion.

‘Both, the Governor and envoy, agreed that one of the determining and deciding factors of this iconic feat of the economic augmentation of Vietnam was the FTAs and Partnership Agreements it has with a number of key and select countries, numbering 17.

Envoy Mendis also stated that Sri Lanka too has FTAs with major countries in South Asia as well as in the process of concluding a number of FTAs with select countries in order to increase exports and woo FDIs and foreign institutional investments, among others.

Both the Governor and Envoy discussed policies and measures which have led to economic advancement and augmentation of countries, including Vietnam, among others.’



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Dialog & IESL open National Startup Challenge to empower Sri Lanka’s entrepreneurs

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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, joins the Institution of Engineers, Sri Lanka (IESL) to launch the IESL National Startup Challenge, creating a national pathway for aspiring entrepreneurs to transform innovative ideas into commercially viable, investment-ready startups. The initiative reflects a shared commitment to strengthening Sri Lanka’s entrepreneurship ecosystem through structured development, expert mentorship and practical support that enables promising ideas to progress towards market readiness and scale.

Launched through the IESL Entrepreneurship Forum at the Dialog Auditorium on 5 October 2026, the competition invites Engineering Undergraduates, Engineering Practitioners and participants in an Open Category for Non-Engineers to submit ideas across 12 innovation verticals aligned with national priorities, emerging technology and market trends, and inclusive innovation. Participants will progress through idea development, pitching, incubation, prototyping, validation, minimum viable product development and business scaling, supported by industry experts, mentors and ecosystem partners. The programme will culminate in a Top 10 selection, with the first-place winner receiving an award of LKR 1 million.

As title sponsor and a key ecosystem enabler, Dialog is contributing practical expertise and resources beyond sponsorship, providing technical expertise, mentors and digital resources to help participating teams develop, validate and scale their solutions. Each of the Top 10 teams will also receive a Dialog Digital Startup Support Package valued at LKR 250,000, comprising selected Dialog digital products and services.

“Dialog is committed to enabling Sri Lanka’s next generation of innovators by connecting entrepreneurial ambition with the technology, expertise and practical resources needed to turn ideas into scalable ventures. Through the IESL National Startup Challenge, Dialog is extending its digital capabilities, mentorship and ecosystem support to help promising teams progress from concept to validation and investment readiness,” said a representative of Dialog Axiata PLC.

Eng. Jasmine Nanayakkara, Chairperson of the Entrepreneurship Forum at the Institution of Engineers, Sri Lanka, added, “The IESL National Startup Challenge is designed to turn innovative ideas into viable businesses by connecting aspiring entrepreneurs with industry expertise, mentorship and continuous practical support. More importantly, it is about creating an ‘Engineer to Entrepreneur’ transformation and nurturing a stronger entrepreneurial culture within the IESL community. By encouraging our engineers and aspiring founders to create, commercialise and scale solutions, we aim to contribute to new ventures, new opportunities and meaningful job creation for Sri Lanka’s skilled and educated next generation. We are grateful to Dialog for partnering with IESL to create this pathway for innovation, entrepreneurship and national economic growth.”

Driving innovation across Sri Lanka, the National Startup Challenge also brings together a strong network of partners, including The Ceylon Chamber of Commerce as Ecosystem and Mentoring Partner, Helago as Official Mobility Partner, Helakuru as Official Digital News Partner, and Real Life as Official Climate Action Partner.

The IESL National Startup Challenge represents a collaborative effort to strengthen Sri Lanka’s innovation and entrepreneurship ecosystem by creating a structured pathway from promising ideas to market-ready businesses. Applications are now open via www.iesl.lk/announcements, giving aspiring entrepreneurs an opportunity to access the resources and funding they need to succeed. Applications close on 16th November 2026. For more information, contact mgr.pub@iesl.lk / 071 109 4393.

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Why Convenience Is Reshaping Household Cleaning Habits

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Keeping a home clean involves more than dealing with one kind of mess. Kitchens face grease and cooking splashes, bathrooms develop soap scum and limescale, while frequently used areas around the home collect marks, fingerprints and everyday dirt.

For households looking to simplify this routine, multi-surface cleaners offer a practical solution by allowing one product to tackle multiple cleaning needs across suitable surfaces.

One home, many everyday messes

In the kitchen, grease, splashes and burnt-on food can build up around hobs and hotplates. Cupboard doors and appliance exteriors can also collect smudges and marks through daily use.

Bathrooms present different challenges, including limescale, soap scum, toothpaste residue and water marks around sinks, washbasins and shower doors.

Even outside these rooms, surfaces such as door handles, baseboards, table mats and PVC areas can require regular attention.

Making everyday cleaning simpler

This is where the versatility of products such as CIF Cream becomes useful.

CIF Cream can help tackle a range of common household cleaning challenges across suitable surfaces, from grease and burnt-on food in the kitchen to limescale and soap scum in the bathroom.

Its uses can also extend to other suitable areas and items around the home, including cupboard doors, appliance exteriors, PVC surfaces and more, when used according to product directions.

For busy households, the benefit is straightforward: a versatile cleaner can help reduce the complexity of everyday cleaning by addressing several common cleaning needs with one product.

Consumers should always follow product instructions and check suitability before using any cleaner on a particular surface.

CIF products are now available at Cargills, Keells, Glomark and Celeste, as well as online through Daraz and uStore, at a retail price of Rs. 900 for 500ml. Shop CIF online at https://ustore.lk/collections/cif or https://www.daraz.lk/cif/

As household routines continue to evolve, multi-surface cleaning provides a simple approach to keeping different areas of the home clean — one versatile solution for many of the everyday messes that come with daily life.

 

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Dreams in motion for group of young Olympiad contenders

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SriLankan Airlines set dreams in motion for 24 young students selected to represent Sri Lanka at the 2026 International Mathematics and Science Olympiad, held in Indonesia from 2 to 7 October 2026, helping make their journey to Indonesia and back an extra special one.

The students were selected through a four-stage national selection process covering school, zonal, provincial and national levels, with the highest-performing students progressing at each stage.

As a special initiative for Children’s Day, the Ministry of Education sponsored the air travel of all 24 students for the first time. Returning to Sri Lanka with an impressive haul of three Silver Medals and 10 Bronze Medals, the young contestants competed alongside students from 23 countries.

SriLankan Airlines was privileged to be part of their special journey, helping make their experience even more memorable as they represented Sri Lanka on the international stage.

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