Business
Microsoft to power Sri Lanka’s first virtual investment forum
Microsoft will be the official technology partner for the upcoming Sri Lanka Investment Forum 2021 and Microsoft Teams will become the platform of choice to host the country’s first-ever virtual investor forum. Microsoft Teams, the hub for team collaboration, will help bring in investment opportunities to the attention of potential investors across the globe.
The first-of-its-kind virtual investment forum will be powered by Microsoft Teams and led by the Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE), and the Ceylon Chamber of Commerce (CCC). Microsoft will be, extending its technology expertise by conducting exhibitor training sessions, setting-up and managing the Microsoft Teams live events from 7-9 June 2021.
According to a joint statement from BOI, CSE, and CCC: the event is expected to attract investment interest from around the world, including high-net-worth individuals and institutional investors. The event will discuss the macroeconomic landscape in Sri Lanka and will highlight all major projects and ventures open for direct investment while also featuring the investment case for CSE-listed companies.
The Government of Sri Lanka set a target of USD 2.5 billion in foreign direct investments for 2021. The investment could play a significant role in helping the country drive accelerated economic growth and development by bridging the gap between domestic savings and investment.
The virtual forum will feature an eminent line-up of speakers, presenters and panelists including policymakers and business leaders who are expected to collectively make the case for investment in Sri Lanka. It will also facilitate investors to engage one on one with key project owners and leading listed companies.
The Microsoft Teams live event will create an entirely new experience for participants across different time zones. The event will further create more opportunities and insight into how the Microsoft Teams platform can be used, apart from video conferencing and creating real-time conversations and content. Microsoft Teams reached 115 million daily active users in October 2020, reflecting the continued demand for Teams as the lifeline for remote and hybrid work and learning.
“We are happy to partner with BOI, CSE, and CCC in facilitating this unique virtual investment forum on Microsoft Teams,” said Hasitha Abeywardena, Country Manager, Microsoft Sri Lanka and Maldives. “Foreign domestic investments are at the heart of economic growth and can help Sri Lanka graduate to the upper-middle income country status as per the World Bank and such initiatives by key institutes of the Country are welcomed. It is an honour to have this investment forum be hosted on Microsoft Teams. We will continue to invest in our greatest assets—our people and technology—so that people and organizations in every industry stay agile and resilient in this new era.”
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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