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Invest Sri Lanka Forum draws strong investor interest in Singapore

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The “Invest Sri Lanka” Investor Forum, organised by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the High Commission of Sri Lanka to Singapore, successfully concluded at the Conrad Singapore Marina Bay, making a compelling case for channeling investment flows into Sri Lanka. The event attracted over 150 prospective investors from diverse sectors in Singapore.

The forum brought together a distinguished line-up of speakers, including Prof. Anil J. Fernando, Minister of Labour and Deputy Minister of Economic Development; Dr. P. Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka; Senarath Dissanayake, High Commissioner of Sri Lanka to Singapore; Senior Professor D.B.P.H. Dissabandara; Chairman, SEC; Ray Abeywardena, Director, CSE; Ruchir Desai, Fund Manager, Asia Frontier Capital Ltd; and Dr. Naveen Gunawardane, Managing Director, LYNEAR Wealth Management. Their insights underscored Sri Lanka’s ongoing reforms, improved macroeconomic stability, and attractive capital market valuations, positioning the country as a frontier market investment destination.

The Sri Lankan delegation included senior representatives from the SEC, CSE and 11 listed companies, and stockbroking firms, collectively presenting a strong case for investment opportunities in Sri Lanka.

Delivering the welcome address, Senarath Dissanayake stated “It is our hope that this forum will not only highlight key developments in Sri Lanka’s capital markets but also inspire new partnerships between Sri Lankan and the Singaporean business communities. Singapore has long been a valued partner for Sri Lanka in investment and innovation. With Sri Lanka’s evolving policy framework and strategic location at the crossroads of South and Southeast Asia, we see compelling opportunities in infrastructure, services, manufacturing, logistics, and the digital economy”.

Commencing the proceedings, Ray Abeywardena observed, “Sri Lanka is not merely a story of recovery, it is a story of transformation. We have a stable macroeconomic environment, a committed reforms agenda, and a capital market gaining regional traction. This is a moment of alignment between policy, performance, and potential. Whether through financial instruments, infrastructure projects, digital finance, or capital market participation, Sri Lanka offers a strategic gateway to a market defined by resilience, reform, and growing global relevance”.

Stressing on the untapped power of the capital market Senior Professor D.B.P.H. Dissabandara remarked, “If a public listed company company like John Keells Holdings can raise the majority of USD 1.4 billion for Cinnamon Life, half the size of the IMF bailout, through our own capital market, why can’t the Government do the same? We have political stability, strong market sentiment, sound macroeconomic fundamentals, and the right policy mindset. The playground is ready, now it’s time to play the match. The SEC will continue to safeguard market integrity while facilitating market development.” Given the current economic situation in the country Professor Dissabandara highlighted that capital market-based financing for SOEs is not just an option but a necessity to enable vibrant growth and economic stability

HProfessor Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Economic Development, presented the government’s policy outlook, focusing on an investment-led growth strategy to reverse a “lost decade” of economic stagnation, supported by new fiscal legislation and sectoral priorities including energy, tourism, manufacturing, agriculture, logistics, and digitalisation.

Highlighting the Government’s commitment to investor confidence, Hon. Prof. Fernando said, “The political sphere is now firmly focused on delivering clean, corruption-free governance. This will be a major boost for investor confidence. Coupled with consistent policies and the provision of modern infrastructure, we are creating a strong foundation for investment growth”.

Dr. P. Nandalal Weerasinghe remarked “We believe the next wave of investment will transform Sri Lanka’s economic landscape. With debt restructuring nearing completion and the potential for a sovereign rating upgrade from CCC+ to the B category, market sentiment is already poised to respond positively. Now is the time to seize the opportunity, before the upgrade takes place”.

He highlighted that key reforms for long-term stability have been implemented, and strong external, monetary policy and fiscal buffers are now in place. Despite severe pressures during the crisis, the banking sector remained solvent, avoided failures, and today stands well-capitalised and highly liquid,” Dr. Weerasinghe said.

The programme featured two panel discussions: “Outlook of the Sri Lankan Economy in Light of Global Uncertainty”, moderated by Ms. Avril Hong, Singapore Reporter for Bloomberg Television & Radio; and “Sri Lankan Equity Market Outlook”, moderated by Ms. Ana Isabel Gonzalez, Chief Investment Officer, Farringdon Asset Management. These sessions explored macroeconomic trends, market performance, and sectoral growth potential, engaging participants in a forward-looking dialogue.

The event concluded with a networking session and one-on-one meetings between Sri Lankan corporates and international investors, fostering direct engagement and potential deal flow. The impact was immediate—foreign investor interest surged, with market turnover exceeding Rs. 1 billion within the first hour of trading the following day, a clear sign of positive sentiment generated by the forum.

The forum was supported by the Singapore Sri Lanka Business Association (SLBA), CFA Society Sri Lanka, International Chamber of Commerce (ICC) Sri Lanka, Singapore Indian Chamber of Commerce and Industry (SICCI), and Sri Lankan Airlines.



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SLAF, Aviyana Ceylon partner to elevate high-end sports tourism with Eagles’ Monsoon Cup 2026

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-Sports tourism gets a boost: dignitaries at the sponsorship-formalizing ceremony

Aviyana Ceylon, Sri Lanka’s upcoming ultra-luxury seven-star hospitality project, has stepped decisively into the country’s high-end sports tourism space by coming on board as the principal sponsor of the prestigious Eagles’ Monsoon Cup Golf Tournament 2026, in partnership with the Sri Lanka Air Force (SLAF).

The international-standard golf tournament is scheduled to be held on January 11, 2026, and is expected to attract diplomats, corporate leaders, high-net-worth individuals and overseas golfers, reinforcing Sri Lanka’s positioning as an emerging premium leisure and sporting destination.

Under the patronage of Aviyana Ceylon chairman, Dr. Thisara Hewawasam, the company has committed a Rs. 2.5 million sponsorship, marking one of the most significant private-sector investments in elite golf events in recent years.

The sponsorship was formalised at a ceremonial cheque handover held at the Sri Lanka Air Force Headquarters, where Dr. Hewawasam officially handed over the cheque to Commander of the Air Force, Air Marshal Bandu Edirisinghe.

“Our decision to support the Eagles’ Monsoon Cup goes beyond sport. It is a strategic investment in positioning Sri Lanka as a global luxury tourism and lifestyle destination, Dr. Hewawasam said.

“International sporting events with strong networking potential play a critical role in shaping perceptions, attracting premium travelers and enhancing the country’s brand equity. Aviyana Ceylon is committed to supporting platforms that elevate Sri Lanka’s global standing, he added.

Senior SLAF officials, including chairman, Eagles’ Golf Links, Air Commodore Erandika Gunawardhana, secretary of the Air Force Sports Council and Director Media, Group Captain Eranda Geeganage, Secretary of Eagles’ Golf Links, Group Captain Asanka Ratnayake and SLAF Golf Secretary, Wing Commander R.A.S.T.A. Fernando, along with Aviyana Ceylon representatives and invited guests were present at the event.

Air Marshal Bandu Edirisinghe welcomed the partnership, noting that collaboration between the military and private sector is vital in developing sports diplomacy and tourism-led economic activity.

“Eagles’ Monsoon Cup has evolved into a premier sporting event that brings together global and local stakeholders. The support extended by Aviyana Ceylon strengthens our ability to host events of international calibre and contributes meaningfully to sports tourism and national image-building, the Air Force Commander said.

Beyond the golf tournament, the partnership opens the door to new experiential tourism initiatives, including a proposed collaboration to offer luxury helicopter tours for Aviyana Ceylon’s clientele, operated in coordination with the Sri Lanka Air Force.

According to Dr. Hewawasam, the concept aims to provide discerning travelers with exclusive aerial experiences showcasing Sri Lanka’s landscapes, coastlines and heritage.

“Luxury heli-tours represent a new dimension in experiential tourism. They allow us to present Sri Lanka’s natural beauty from a unique vantage point, appealing to high-value travelers seeking privacy, exclusivity and unforgettable experiences, he said.

Industry observers note that such initiatives align with global trends where luxury hospitality brands integrate sports, aviation and curated experiences to differentiate destinations and increase average tourist spend.

The Eagles’ Monsoon Cup is widely regarded as one of Sri Lanka’s most elite sporting events, functioning not only as a golf tournament but also as a high-level networking platform linking diplomacy, business and leisure.

By Ifham Nizam

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‘Tea industry largely spared cyclone damage’

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‘ Back to normal’ : A hill country tea estate.

Reports received by us from tea brokers, the Colombo Tea Traders’ Association (CTTA) and other sources indicated that, by and large, the local tea sector has been spared by the recent weather havoc.

The CTTA in their recent communications said that although Cyclone Ditwah affected parts of Sri Lanka, production, sales, and exports of tea continued without interruption. Clearly, the report said, the well established and highly coordinated industry network was fully geared to confront these issues. Production and sales continued with least disruption . While some tea growing areas in Uva, and the Central Province experienced some impact no loss in manufacturing capacity was reported.

Damage was largely confined to specific roads, resulting in temporary disruptions to transportation. Some key routes connecting plantations to the city have now been reopened and transport services are resuming normal operations. Harvesting operations are gradually returning to normal with access roads being reopened and temporary roads have been constructed to facilitate transport of green leaf to manufacturing locations.

The tea small holders we met said, although their production routine was affected, quick return to normalcy was ensured thanks to the established Tea Small Holders’ Association whose action ensured speedy return to normalcy. They reiterated production was near normal; and the dismal situation was now in a controlled position. They assured that such losses were minimal and could be recouped with minimum delay.

The CTTA further said the majority of plantations and small holder lands in the South of the island were spared cyclone damage. Harvesting, manufacturing and transportation activities are continuing as usual.

Trading activities at the Colombo Tea Auctions continue to be held although with a revised calendar. The tea auction previously set for the 1st week December has been rescheduled for the last week December. This adjustment ensures uninterrupted financial flows to the producers , including small holders, maintaining the momentum of the industry.

Forbes and Walker Tea Brokers reported a national tea sale average for November of Rs. 1137.22 ( USD3.89) which shows an increase of Rs.61.17 and USD 0.02 YOY. The total National Sale Average for the year 2025 ( to date) was recorded at Rs. 1,164.97( USD 3.88). a decline of Rs . 63.49 ( USD 0.17) against the corresponding year’s average of Rs. 1228.46 (USD4.05). The report further said all elevations recorded negative variances during the period January to November 2025 in comparison to the cumulative corresponding year of 2024 in both LKR and USD terms.

By Steve A. Morrell

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Elephant House Ice Cream marks historic launch in Australia

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Ceylon Cold Stores PLC (CCS), a subsidiary of John Keells Holdings PLC, has launched its iconic Elephant House Ice Cream in Australia, marking a bold step in the brand’s global expansion. The official unveiling took place on 4th December 2025 at the Novotel Melbourne Glen Waverley, where industry leaders, local distributors, and strategic partners gathered to celebrate the occasion. The launch was further honoured by the presence of Ms. Pradeepa Seram, Consul General Designate of Sri Lanka, and Ms. Cassandra Fernando, Member of the Australian Parliament, reflecting the deep and growing connections between Sri Lanka and Australia.

Elephant House is one of the highest-penetrated Sri Lankan brands among Sri Lankan communities living overseas, with a presence in 16 countries, including the Maldives, Australia, and the United Kingdom, among others.

In a significant milestone for the company, Elephant House Ice Cream is now manufactured locally in Melbourne to support wider availability in the ethnic market in Australia. The range currently available includes Vanilla, Karutha Kolomban, and Fruit and Nut in 500ml packs. This marks the first time in CCS’s 150-year legacy that Elephant House Ice Cream has been produced outside Sri Lanka, signalling a new chapter in the company’s international growth journey in collaboration with Millennium Imports Pty Ltd, it’s one of the franchise partners for Australia.

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