Business
Council for Business with Britain to strengthen the UK-SL trade corridor
Roshanie Jayasundera Moraes addressing the membership. Also in the picture are Linda Giebing, VP, Dinithi Dias, Secretary, Ceylon Chamber of Commerce, Ameena Ziaudeen, VP and Tania Polonnowita Wettimuny, Treasurer, CBB
The 20th Annual General Meeting (AGM) of the Council for Business with Britain (CBB) of the Ceylon Chamber of Commerce was conducted on August 27.
During the course of proceedings, Roshanie Moraes, Executive Vice president, John Keells Holdings PLC became the first woman to be elected as the president of the Council for Business with Britain.
“Moving forward our efforts will primarily be focused on enhancing business and trade between the UK and Sri Lanka as part of wider government-led efforts to support post-COVID economic revival. We believe that women will also play a greater role in driving this recovery, and to that end, we will also be launching an initiative to improve female labour force participation and gender parity across Sri Lanka’s business environment,” she stated.
Exports to the UK from SL is around USD 1 b and imports from the UK, around USD 370 m. UK is one of the two largest apparel buyers from SL.
Commenting on developments during his tenure, outgoing president, Mark Prothero, CEO of HSBC, Sri Lanka & Maldives said: “As we all know, it has been an unfortunate and difficult period for Sri Lanka with two “Black Swan” events in a row in 2019 and 2020 which brought with it unprecedented challenges to our economy and particular hardship for our tourism and leisure sector.
“However, it is encouraging to see that despite these unique challenges, there are other sectors of Sri Lanka’s export economy which have rebounded sharply in a strong v-shaped recovery. This serves as one of many indicators as to the resilience of the Sri Lankan people and we can be confident that under a united president and government there is still strong opportunity for Sri Lanka to develop and prosper in the years ahead,” he said.
Having served as president during the 20th anniversary of the CBB, Prothero went on to express his gratitude to fellow Committee members – including some of the largest domestic corporates and multi-nationals – for their support and senior-level engagement in the CBB.
Over the past year, CBB organised multiple discussions and events focused on relevant and timely topics, covering financial and forex markets, responsible marketing, urban development and the significance of architecture and sustainable development. Among the other key highlights in the CBB’s calendar over the past year was the launch of the SL-UK trade and investment report and the hosting of a special event to felicitate former Sri Lankan cricketer and captain, Kumar Sangakkara on his appointment as the Chairman of the MCC.
Additionally, the council has also been actively supporting the training of English Language in partnership with the British Council for over 15 years. During this time, the CBB has funded the training of 2,300 teachers countrywide and positively impacted over 300,000 students.
Reading a statement issued on behalf of High Commissioner to Sri Lanka from the UK, Sarah Hulton, Lisa Whanstall, Deputy High Commissioner for the UK said: “I would like to thank the outgoing President Mark Prothero and the CBB committee for all their hard work and for the time they have spent sharing insights and working together with me in my first year in Sri Lanka. I also wish to congratulate incoming President Roshanie Jayasundera Moraes, together with the new office bearers and other committee members, with whom I look forward to working closely in the year ahead to support UK businesses in this challenging time. I understand that we have a first for the CBB on the gender representation front, which is also very exciting, and I am keen to explore activities and initiatives around this as well.”
The 2020/21 committee comprises of Linda Giebing, General Manager, Hilton Colombo Residences and Ameena Ziauddin – Development Director, Norfolk Foods as Vice Presidents, Tania Polonnowita Wettimuny, MD, Inter Air & Sea Logistics, as the Treasurer and Mark Prothero, CEO, HSBC Sri Lanka & Maldives as the Immediate Past President.
Newly appointed committee members include: Shirendra Lawrence, COO, MAS Holdings, Hajar Alafifi, Chairperson, Unilever Sri Lanka, Sarath Ganegoda, Director, Hayleys PLC, S Renganathan, MD, Commercial Bank, Nikhil Hirdaramani, Director, Hirdaramani Group, Arjuna Nanayakkara, Head of Shared Services, London Stock Exchange Group SL, Irfan Thassim, MD, Oceanpick, Dougie Douglas, Country Manager, Etihad Airways, Indika Abeykoon, GM, Aitken Spence Travels and Gihan Jayasinghe, MD, Finlays Group, SL.
Michael Fernandopulle, Head of Trade & Investment at the DIT, of the British High Commission, the Head of the British Council and Shaameel Mohideen, MD of Spillburg Holdings representing SMEs will be invitees to the Committee. Representatives from the BOI and the EDB to attend the meetings as invitees every quarter.
Further details regarding membership of the Council and its activities could be obtained from the Secretariat of the CBB of the Ceylon Chamber of Commerce, No. 50, Navam Mawatha, Colombo 2. E-mail: dinithi@chamber.lk or Tel.: 011-5588861, 5588800. CBB also could be contacted via www.cbbsl.com https://www.facebook.com/CBBSriLanka/ and on Twitter @CBB_SL.
Business
IMF approves USD695 million for Sri Lanka
AFP –The International Monetary Fund’s (IMF) board approved two reviews of Sri Lanka’s loan programme, making USD695 million in additional loans immediately available to the island nation.
It is the latest tranche in the country’s four-year USD3 billion bailout, with the Fund warning of further risks due to the economic impact of the Middle East conflict.
Surging oil prices due to the conflict have heavily impacted many import-dependent Asian countries.
“Sri Lanka’s strong implementation under the EFF arrangement has continued despite challenging circumstances,” said the IMF’s Deputy Managing Director and Acting Chair Kenji Okamura.
“Gains from the economic reform programme helped preserve economic resilience and provided room to respond to cyclone Ditwah and the Middle East conflict. The latter, however, has significantly worsened Sri Lanka’s economic outlook and tilted risks to the downside.”
The IMF projects 2026 growth to slow to three per cent, with higher oil prices increasing inflation and weighing on the current account balance.
The board’s approval was contingent on Sri Lanka adjusting certain energy market subsidies issued in the wake of the conflict.
The statement said the Sri Lankan authorities had met the Fund’s requirements on fuel and electricity prices meeting cost-recovery criteria.
Criteria on ensuring no new external debts and on not imposing or intensifying import restrictions “were not observed”, however.
Business
Cambridge College honours students at awards ceremony
The Cambridge College of English Language Training recently held a certificate and medal awarding ceremony to recognize the academic achievements of students who successfully completed Cambridge English examinations.
The ceremony was held at the Hindu Cultural Hall in Kandy with the Vice Chancellor of the University of Peradeniya, Prof. W.M.T. Madhujith, attending as the Chief Guest, while Kandy Mayor Chandrasiri Wijenayake participated as the Guest of Honour.
Founded on March 1, 2024, by English tutor, author and Cambridge TKT lecturer T. Ravichandran, the institution has emerged as a leading centre for Cambridge English examination preparation in Kandy.
Beginning with an initial intake of 30 students, the college has expanded rapidly and currently serves more than 300 students.
The institution’s achievements were further recognized when it received the “Emerging Star Award 2025” at the Annual Coordinators Conference 2025 (South Asia).
The college provides training for students between the ages of seven and 18 across six stages of Cambridge English examinations, including Young Learners English (YLE) Starters, Movers and Flyers, as well as KET, PET and FCE examinations.
Cambridge English qualifications are internationally recognized and are designed to assess language proficiency in line with the Common European Framework of Reference for Languages (CEFR).
The ceremony concluded with the presentation of certificates and medals to students in recognition of their academic performance and commitment.
Text and Pic by SK Samaranayake
Business
ABC Australia, Maharaja Media Network ink MoU to expand Indo-Pacific media collaboration
The Australian Broadcasting Corporation (ABC Australia) has signed a Memorandum of Understanding with Sri Lanka’s Maharaja Media Network (MMN), marking a significant expansion of media cooperation aimed at strengthening content exchange, co-productions and professional collaboration across the Indo-Pacific.
The agreement builds on an initial broadcast partnership established in 2022 and an expanded licensing arrangement in 2023, under which ABC programming was made available free-to-air to Sri Lankan audiences through MTV Channel (Private) Limited, part of the Capital Maharaja Group.
Under the new framework, the two organisations will collaborate across television, radio and digital platforms, with a focus on co-produced content, editorial exchange, training opportunities and joint storytelling initiatives.
MMN, Sri Lanka’s largest media network, operates across television, radio, digital media, music and film, including MTV Channel (Private) Limited and MBC Networks (Private) Limited.
Australian High Commission officials described the agreement as a deepening of regional media ties. “This will cover co-production, content sharing and broader cooperation across the Asia-Pacific in telling stories that speak to both countries,” said Matthew Duckworth.
ABC International Head Claire M. Gorman said the partnership reflected a shared commitment to public-interest media and stronger regional storytelling.
Capital Maharaja Group Director Chevaan Daniel said the relationship, which began during Sri Lanka’s economic crisis in 2022, had grown through continued collaboration, including during the 2025 Ditwah cyclone response.
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