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
Canada Day celebration highlights deepening Sri Lanka-Canada business ties
The vibrant celebration of Canada’s 159th National Day in Colombo brought together diplomats, government representatives, leading business executives and members of the Sri Lankan and Canadian communities, highlighting the growing strength of bilateral economic and commercial relations between Sri Lanka and Canada.
Hosted by the Canada Sri Lanka Business Convention (CanCham Sri Lanka), the event attracted one of the largest gatherings in its history, providing an important platform for business networking while celebrating the enduring friendship between the two countries.
Addressing the gathering, High Commissioner for Canada in Sri Lanka and the Maldives Isabelle Martin said Canada and Sri Lanka continue to enjoy a warm and expanding partnership built on shared values, people-to-people links, trade, investment and development cooperation.
“Canada Day is an opportunity not only to celebrate our country but also to celebrate the strong friendships and partnerships we have built with Sri Lanka.
The remarkable turnout this evening reflects the strength of those relationships and the growing collaboration between our two nations,” Martin said.
She noted that the close engagement between Canadian and Sri Lankan businesses continues to create new opportunities in trade, innovation, education, sustainable development and investment.
CanCham Sri Lanka officials said this year’s celebration was among the most successful Canada Day events ever organised by the Chamber, drawing an outstanding crowd and creating exceptional opportunities for business networking.
“What an incredible celebration of Canada Day. This was truly one of the most successful Canada Day celebrations in history, with an outstanding crowd and exceptional networking opportunities. It was wonderful to see so many distinguished guests, business leaders and community members come together,” the organisers said.
They thanked sponsors, partners, supporters and volunteers whose dedication ensured the success of the event.
The evening showcased Canada’s multicultural heritage while reaffirming the Chamber’s commitment to promoting stronger commercial links between Sri Lanka and Canada.
Guests representing a wide cross-section of industries exchanged ideas on expanding trade, investment and innovation partnerships.
Canada remains an important economic partner for Sri Lanka, with bilateral trade spanning apparel, agriculture, seafood, ICT services, education and professional services.
Canadian companies continue to explore opportunities in renewable energy, infrastructure, technology and sustainable development, while Sri Lankan exporters maintain a significant presence in the Canadian market.
Business leaders attending the celebration expressed confidence that closer collaboration between the two countries would further strengthen economic resilience and create new opportunities for investment, entrepreneurship and knowledge sharing.
The event concluded on a celebratory note, reaffirming the longstanding friendship between Canada and Sri Lanka and the shared commitment to fostering stronger business and people-to-people ties in the years ahead.
By Ifham Nizam
Business
Tokyo Cement inspires future-ready construction at BUILD BEYOND 2026 Technology Summit
Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi, and Senior Professor Priyan Mendis from the University of Melbourne.
The summit marked the second edition of the Build Beyond Engineering Technology Summit organized by the Tokyo Cement Group, designed to foster collaboration between academia and industry while highlighting global trends, innovations, and emerging technologies in cement and concrete. This year’s discussions focused on advancements in material science that are driving more sustainable and cost-efficient construction practices.
The event drew participation from state-sector authorities, research institutions, academia, engineering students, and public and private sector organizations, creating a dynamic platform for engagement across the construction industry. A key feature of the summit was a high-level panel discussion on “Building a Resilient and Sustainable Construction Future,” featuring several distinguished industry leaders.
The panel included Eng. Nissanka Wijerathne, the Secretary General/CEO of the Chamber of Construction Industry Sri Lanka (CCI), Founder and Deputy Chairman of Civil & Structural Engineering Consultants (Pvt.) Ltd.; Eng. Shiromal Fernando, the Chairman of CTBUH Sri Lanka and Vice President of the Green Building Council Sri Lanka, Adjunct Senior Lecturer at the General Sir John Kotelawala Defense University and visiting lecturer at the University of Moratuwa; Eng.
Business
ComBank and Carmart join forces to make Peugeot and Leapmotor vehicles more accessible
Strengthening its commitment to making vehicle ownership more accessible and affordable, Commercial Bank of Ceylon has entered into a strategic partnership with Carmart (Pvt) Ltd. to offer specially structured leasing facilities for Peugeot and Leapmotor vehicles.
Formalised through a Memorandum of Understanding (MoU), the collaboration brings together the Bank’s expertise in flexible financing and Carmart’s portfolio of internationally recognised vehicle brands, creating a value-rich proposition for customers seeking to purchase new vehicles.
Under this MoU, valid until 30th June 2027, Commercial Bank will offer attractive interest rates, concessions on documentation charges, and a complimentary credit card with the first year’s annual fee waived. These benefits are designed to reduce upfront costs and ease the financial commitment associated with vehicle ownership.
With leasing facilities available through Commercial Bank’s island-wide branch network, a cross section of customers will be able to part-finance their vehicle purchases while structuring repayments to align with their income patterns, enabling greater financial flexibility.
Further enhancing the value proposition, Carmart (Pvt) Ltd. will offer customers a range of added benefits, including a complimentary full tank of fuel, free vehicle registration, and other exclusive privileges, making the overall vehicle ownership experience more rewarding.
The Bank said the partnership reflects its continued focus on delivering practical and customer-centric leasing solutions in collaboration with reputed vendors. By combining competitive rates with cost-saving concessions, the Bank aims to make vehicle ownership more attainable for both existing and new customers.
This collaboration is particularly significant in the current market context, as it offers customers the opportunity to benefit from preferential leasing terms while managing repayments in a way that suits their financial circumstances.
As a pioneer in leasing solutions, Commercial Bank continues to innovate through strategic alliances that enhance value, broaden choice, and support customers in achieving their lifestyle aspirations.
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