Business
‘Festival of Australia’ stresses importance of higher education and agribusiness in Aust.-SL ties
Australia’s deepening commitment to Sri Lanka’s education and agribusiness sectors was on full display at the ‘Festival of Australia’ held at ‘Cinnamon Life’ in Colombo on Sunday. The event, which attracted over a thousand participants, showcased the strength of bilateral ties in two of the most strategic areas for both countries: higher education and food and beverage trade.
Vik Singh, Australia’s Trade and Investment Commissioner for South Asia, who was in Colombo for the event, told The Island Financial Review that Sri Lanka remains “a very, very important market” for Australia. “The Festival of Australia really celebrates the relationship between our two countries, he said. “We are focusing especially on our flagship sectors: education and agribusiness.”
Organised under the banner of strengthening bilateral engagement, the festival brought together representatives from 29 Australian universities and institutions, providing prospective students and their families with access to education pathways, scholarship options, and employment prospects in Australia and within Sri Lanka.
“We’re seeing a shift, Singh explained. “Traditionally, South Asian students leaned heavily towards engineering, IT, or postgraduate business. But now, more are exploring psychology, journalism, architecture, sports science, AI, and cybersecurity. This diversification is key.”
Singh emphasized that Australia’s 42 universities are known not just for academic excellence but also for employability outcomes. “Eight of our institutions are ranked in the global top 100. We want Sri Lankan students to benefit from a high-quality education that prepares them for global careers — whether they return home, stay in Australia or work elsewhere.”
He further pointed out that Australia offers some of the most generous post-study work rights in the world, making it an attractive destination for students who want both education and career opportunities. “We’re committed to making sure students don’t just earn a degree but also experience life-changing, career-defining growth.”
Asked about recent headlines surrounding visa policy adjustments, Singh was direct. “Australia is not tightening its system arbitrarily. What we are doing is focusing on quality, integrity, and sustainability. We want to ensure that the education system maintains its high standards, offers a safe and enriching environment for students, and grows in a way that remains viable long-term.”
He also noted that Sri Lanka has emerged as one of the most mature markets for transnational education, with numerous Australian institutions establishing campuses on the island. Curtin University and ECU (Edith Cowan University) are among the leaders, offering degrees in areas such as neuroscience, allied health and infrastructure engineering.
“Curtin’s Colombo campus is a testament to the strength of this partnership, Singh said. “We’re making world-class education more accessible to Sri Lankan students without them even needing to leave the country.”
While education was the headliner, food and beverage trade – specifically Australian agribusiness – formed the second pillar of the festival. Attendees were treated to master classes, cooking demonstrations and sampling sessions that highlighted Australian lamb, beef and other high-quality produce.
“Australia’s premium produce complements Sri Lanka’s booming tourism industry, Singh said. “We want to support your tourism sector by ensuring it has access to the kind of high-quality meat and food products that global tourists expect. That’s how we contribute to Sri Lanka’s economic recovery too.”
“We’re pushing hard in emerging sectors like AI, robotics, and cybersecurity, he noted. “We want Sri Lankan students to study these future-focused disciplines and return to apply that knowledge locally.”
“We’re just getting started, he said. “Our people-to-people ties are unmatched. After Colombo, Australia is home to the largest Sri Lankan diaspora community. We are not just education or trade partners — we are family.”
By Ifham Nizam
Business
ComBank hands over fully refurbished wards at De Soysa Hospital for Women
The Commercial Bank of Ceylon recently handed over Wards No. 03 and 04 of the De Soysa Hospital for Women, after the completion of a comprehensive renovation project launched in March this year to mark International Women’s Day.
Wards 03 and 04 handle a substantial share of the hospital’s patient load, and account for approximately 2,500 to 3,000 deliveries and 4,000 to 5,000 admissions annually. Their refurbishment was designed to significantly enhance patient care, safety and comfort, and directly benefit thousands of mothers and newborns.
Five Trustees of the Commercial Bank’s Corporate Social Responsibility Trust participated in the formal handing over of the refurbished wards to the hospital authorities. They were Sharhan Muhseen, the Bank’s Chairman, Raja Senanayake, Deputy Chairman, Sanath Manatunge, Managing Director/CEO, Hasrath Munasinghe, Chief Operating Officer, and Prasanna Indrajith, Chief Financial Officer.
Established in 1879, the De Soysa Hospital for Women is the first maternity hospital in Sri Lanka and the second oldest in Asia and is credited with, among others, performing the country’s first caesarean section in 1905 and establishing one of its earliest organised operating theatres in 1907.
The Commercial Bank’s Corporate Social Responsibility Trust, through which this project was implemented, has via its healthcare-related interventions supported more than 100 government hospitals with essential equipment and infrastructure, contributed to emergency medical services through the ‘Adopt an Ambulance’ initiative, and implemented targeted community health interventions such as water storage solutions for families affected by kidney disease.
Business
IIHS expands global nursing pathways
The International Institute of Health Sciences (IIHS) Multiversity is expanding its international education programmes with the aim of creating overseas employment opportunities for Sri Lankan nurses and allied health professionals while contributing to foreign exchange earnings.
Speaking to the media during a conference at IIHS Multiversity in Kerawalapitiya, Dr. Kithsiri Edirisinghe, CEO, Co-Founder and Dean of IIHS aid that the institute has established academic partnerships with overseas universities and higher education institutions, including the University of Surrey in the UK, Deakin University in Australia, Metropolia University of Applied Sciences in Finland, Asia e University in Malaysia and SUNY Canton in the United States.
Under its ‘Study in Sri Lanka, Graduate to the World’ model, students can complete foundational and diploma-level qualifications locally before progressing to international top-up degrees or overseas employment.
Dr Edirisinghe said the model could substantially reduce the cost of obtaining internationally recognised qualifications. It estimates that completing a four-year bachelor’s degree at the University of Surrey in the UK would cost about USD 145,700, including tuition and living expenses, compared with about USD 27,750 through the IIHS pathway in Sri Lanka.
Dr Edirisinghe said the institute’s focus on overseas deployment addressed both Sri Lanka’s economic needs and the growing global demand for healthcare workers.
“Our winning model is producing job-ready, registration-ready healthcare professionals who can seamlessly enter foreign healthcare systems,” he said.
IIHS, which began operations in 2002 as the American College of Health Sciences, established its institutional base in Welisara in 2008 and launched its purpose-built greenfield multiversity campus in 2023.
The institute said it has upgraded the qualifications of more than 5,000 government nurses, supported over 2,500 youth on international employment pathways and trained more than 1,000 allied health professionals. It has also carried out over 250 community health projects.
The institute has identified Germany and Japan among its target markets, with pathways planned for 2,000 nurses for Germany and a one-year preparation programme linked to around 4,000 healthcare positions in Japan.
Dr. Renuka Jayatissa, Vice-Chancellor and a specialist medical doctor, said demographic changes and the growing burden of non-communicable diseases were changing healthcare requirements in Sri Lanka.
Business
Sampath Bank launches Sri Lanka’s first community-powered book discovery platform at Colombo International Book Fair
Sampath GPay customers can enjoy 25% cash back on Book Fair purchases
Sampath Bank PLC has launched Sampath Book Finder, Sri Lanka’s first community-powered book discovery platform, giving visitors to the Colombo International Book Fair a faster and more seamless way to find the books they are looking for across the fair’s 150+ stalls, while also opening up new opportunities to discover titles recommended by fellow readers.
Introduced on the opening day of the Colombo International Book Fair on 25 September, Sampath Book Finder brings together digital innovation and the collective knowledge of readers to address a familiar challenge at one of Sri Lanka’s largest literary gatherings, where the scale of the fair can make locating a particular title a time-consuming exercise. When a book proves difficult to locate, visitors can access bookfairtracker.com or scan the designated QR code and submit a request to the community, allowing readers who have already spotted the title to share its location and help others find it without having to search stall after stall.
Commenting on the initiative, Milinda Weerasinghe, Chief Marketing Officer, Sampath Bank PLC, said, “At Sampath Bank, we believe meaningful innovation begins by identifying everyday challenges and creating solutions that make a real difference. Sampath Book Finder brings this thinking to the Colombo International Book Fair by turning the collective knowledge of readers into a real-time digital solution, empowering them to find what they are looking for, discover something new and help others do the same, while making the overall experience more convenient and connected.”
The platform also turns book discovery into a shared experience, allowing visitors to recommend books they encounter by sharing the title, publisher, hall and stall number, which enables fellow readers to discover sought-after titles and recommendations while making it easier to locate them within the fair.
Sampath Bank’s longstanding association with the Colombo International Book Fair also continues in 2026, marking more than 20 years of partnership, with the Bank serving as the Official Banking Partner for this year’s fair. As part of its presence at the event, SampathCards offer 25% cashback for Sampath GPay customers on their purchases and 3 months 0% instalment plans for book purchases via Sampath credit cards, while visitors can also access banking services through the Bank’s physical presence at the fair. Customers registering to open selected Fixed Deposits at the premises will receive an additional 0.25%, adding further value and convenience for visitors.
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