Business
Invest Sri Lanka Forum draws strong investor interest in Singapore
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.
Business
CIF, the world’s favorite multi-surface cleaning brand, arrives in Sri Lanka
CIF, the globally recognized multi-surface cleaning brand, has officially entered the Sri Lankan market, expanding the range of international home-care solutions available to local consumers.
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
Used by households around the world, CIF is known for its powerful cleaning performance and ability to tackle everyday dirt and some of the toughest cleaning challenges around the home.
Its introduction to Sri Lanka comes as consumers increasingly seek cleaning products that combine performance, convenience and versatility, particularly solutions that can be used across multiple areas and surfaces within the home.
One cleaner. So many possibilities.
From stubborn kitchen grease and grime to limescale around sinks and dirt that builds up on frequently used surfaces, CIF is designed to provide powerful cleaning performance while helping make every day cleaning simpler.
The brand’s multi-surface proposition allows consumers to address a range of household cleaning needs with one versatile solution, bringing greater convenience to modern cleaning routines.
CIF’s entry into Sri Lanka also brings the brand’s global philosophy closer to local consumers eventually helping people restore and rediscover the beauty of the places and things around them through effective everyday cleaning.
With its combination of global recognition, multi-surface versatility and powerful cleaning performance, CIF’s arrival provides Sri Lankan consumers with a new international option in the household cleaning category.
The world’s favorite multi-surface cleaning brand is finally here in Sri Lanka.
Just CIF it!
Business
A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy
By Sanath Nanayakkare
An evolving approach to regional diplomacy was brought into sharp focus with the recent foundation-laying ceremony for the Moragahakanda Bridge in Matale.
Jointly launched by Indian High Commissioner Santosh Jha and Minister of Transport, Highways and Urban Development Bimal Rathnayake, this 175-metre span is far more than a routine civil engineering project. It serves as the physical manifestation of a broader USD 450 million reconstruction package deployed by India in the wake of Cyclone Ditwah, which severely fractured the island’s transport arteries.
Foreign aid is too often discussed in cold, macroeconomic abstractions. Yet, every so often, a consistent pattern of targeted assistance alters the landscape of bilateral relations, offering a clear window into how regional partnerships evolve out of necessity and goodwill.
Across the country today, a remarkable narrative of multi-layered cooperation is unfolding.
From critical post-disaster infrastructure and maritime routes to grassroots agricultural uplift and institutional capacity-building, India’s developmental footprint is shifting unmistakably toward an organic, people-centric model of shared resilience.
What distinguishes this latest wave of assistance is its deliberate pivot from emergency support to permanent, climate-resilient transformation. When Cyclone Ditwah initially paralysed regional connectivity, India’s immediate response was marked by the rapid deployment of temporary Bailey bridges.
Today, that swift humanitarian intervention has matured into a structural blueprint: the Moragahakanda project stands as the vanguard of 13 permanent bridges being built across Sri Lanka’s provinces by IRCON International Limited, complemented by upcoming railway upgrades and modern signaling systems backed by a USD 250 million Line of Credit.
The true signature of this diplomatic shift lies in its breadth, operating simultaneously across multiple tiers of society:
Institutional Governance: Delegations of Sri Lankan parliamentarians and senior administrative officers regularly travel to India to study public policy frameworks, legislative systems, and administrative practices.
Economic Lifelines: Financial mechanisms, such as viability gap funding for the Nagapattinam-to-Kankesanthurai passenger ferry service, continue to shrink geographical distances, reviving coastal commerce and tourism.
Grassroots Empowerment: Specialised capacity-building programmes tailored for local stakeholders – ranging from state officials to rural dairy farmers -ensure that development reaches deep into the island’s hinterlands.
By aligning immediate disaster relief with long-term infrastructure, institutional capacity, and human capital, India and Sri Lanka are demonstrating how neighbours can build safer, more connected futures together, grounded firmly in mutual respect and tangible progress.
Business
Bring your own bag to book fair, CEA urges
By Ifham Nizam
The Central Environmental Authority (CEA) yesterday urged visitors to the Colombo International Book Fair to bring reusable bags to carry their purchases, as part of a drive to reduce single-use plastic waste at the event.
CEA Director General R. S. P. Kapila Rajapaksha said large quantities of plastic, particularly “sili sili” bags, had been used to carry books at previous book fairs.
“We urge visitors to bring an environmentally friendly, reusable bag when they come to buy books. This simple step can help reduce the use of single-use plastic and protect the environment,” Rajapaksha said.
The book fair opens on September 25, with the CEA and the Sri Lanka Book Publishers’ Association launching an awareness programme targeting book sellers, food vendors and visitors.
The programme will be conducted under the theme “Read Smart, Carry Smart”, focusing on reducing polythene and plastic use throughout the exhibition.
The CEA said the use of plastic bags is also subject to regulations issued under the Consumer Affairs Authority Act. Gazette Extraordinary No. 2456/41, dated October 1, 2025, prohibits the free distribution of handled “sili sili” bags to consumers. Where such bags are sold, the charge must be included in the customer’s bill.
The CEA said food outlets at the book fair would also be required to comply with regulations prohibiting a range of single-use plastic products.
These include plastic straws and stirrers, disposable plastic plates, cups, spoons, forks and knives, as well as polythene-based food wrappers commonly known as lunch sheets.
The CEA said it had discussed the requirements with relevant stakeholders and reached agreement to ensure that prohibited products are not used at food outlets within the exhibition premises.
The authority urged both traders and visitors to cooperate with the initiative and help make this year’s book fair a more environmentally responsible event.
-
News7 days agoUS embassy won’t comment on IGP’s probe into joint drug raid
-
News5 days agoShanakiyan urges urgent action over reported death sentence for Lankan in Saudi Arabia
-
News6 days agoBid for Basil’s extradition nears final stage: Police
-
News4 days agoNamal Rajapaksa Buddhist gambit fails, bail denied
-
Business7 days agoAll-new Bolero MaXX unveiled in Sri Lanka
-
Opinion7 days agoA journalist who wrote across the divide
-
Features4 days agoWhy the spelling Sri Lankan names in English vary
-
Features4 days agoThree bands, a new identity: Sri Lankan wolf snake recognised as distinct species
