Business
Monash–UCL partnership strengthens Australia–Sri Lanka education investment ties
Australia’s High Commissioner to Sri Lanka, Matthew Duckworth, highlighted the economic and strategic significance of education as a driver of bilateral relations between Australia and Sri Lanka, highlighting the Monash–UCL partnership as a model of transnational collaboration that continues to power Sri Lanka’s human capital development.
Speaking at the 10th Anniversary and Alumni Reunion of Monash College and the University College of Lanka (UCL) on Wednesday at the City of Dreams in Colombo, Duckworth described the decade-long alliance as “a real achievement worth recognising and celebrating,” noting that it has enabled hundreds of Sri Lankan students to access globally recognised Australian degrees without leaving home.
“Education is one of the most powerful and enduring links between Australia and Sri Lanka, he said, adding that “this partnership is helping to build the skills and capabilities that will define Sri Lanka’s future economy.”
He revealed that more than 2,500 Sri Lankans have graduated from Monash University, with the majority living and working in Sri Lanka across vital sectors such as business, health, technology, and education. “Every graduate who applies their expertise here strengthens the nation’s workforce and inspires others to do the same, Duckworth said.
Pointing to the broader economic dimension, the High Commissioner said Australia’s education sector remains a cornerstone of bilateral engagement, contributing not only to trade and investment but also to Sri Lanka’s long-term development goals. He also lauded the high academic standards of UCL students, who “consistently achieve first-year results that rival and surpass those of their peers in Australia.”
Monash College CEO and Monash University Vice President Fabian Marrone said education partnerships like Monash–UCL represent “a blueprint for sustainable skills development in the Indo-Pacific.”
“Monash is Australia’s largest university — and truly the university of the Indo-Pacific, Marrone said. “This partnership with UCL reflects our shared commitment to expanding access to world-class education and driving positive economic and social outcomes in Sri Lanka.”
UCL Director Steven Enderby emphasised that Sri Lanka’s next phase of growth depends on harnessing its educated diaspora and alumni networks.
“If we are truly going to build a nation, we need our best and brightest to reinvest their knowledge and experience here, Enderby said. “The Monash–UCL partnership has proven that transnational education can be more than an academic exercise — it’s an economic strategy.”
Australia’s education relationship with Sri Lanka extends back to the Colombo Plan of the 1950s, under which thousands of Sri Lankans studied in Australian institutions and returned to contribute locally. Today, more than 20,000 Sri Lankan students are enrolled annually in Australian universities, making education one of the most dynamic elements of the bilateral economic relationship.
By Ifham Nizam ✍️
Business
EU’s new anti-greenwashing rules pose major challenge for Sri Lankan exporters
Countdown to September 2026 begins
Sri Lankan exporters selling into Europe may soon face one of the most significant regulatory shifts in recent years as the European Union prepares to enforce sweeping new rules aimed at eliminating ‘misleading’ environmental and sustainability claims.
The regulation, known as the Empowering Consumers for the Green Transition Directive (EmpCo) – Directive (EU) 2024/825, will become fully enforceable across all EU member states from September 27, 2026. While the directive is primarily designed to protect European consumers from so-called ‘greenwashing,’ and it carries important implications for exporters worldwide, including those in Sri Lanka.
Compliance experts warn that many local businesses remain largely unaware of the new requirements despite their potential impact on market access, brand reputation, and regulatory compliance.
The directive introduces a simple but demanding principle: companies must be able to substantiate environmental and sustainability claims with credible evidence. Generic descriptions such as ‘eco-friendly,’ ‘green,’ ‘sustainable,’ ‘responsible,’ ‘carbon neutral,’ or ‘climate friendly’ may no longer be used freely unless they can be verified through reliable data and supporting documentation.
For Sri Lankan exporters, this represents a significant shift. Sustainability claims increasingly appear on product packaging, websites, social media campaigns, annual reports, tourism marketing materials, and corporate communications. Under the new framework, such claims could face scrutiny from regulators, consumers, retailers, and civil society groups.
The directive also places particular emphasis on future environmental commitments. Claims such as ‘Net Zero by 2040’ or ‘Carbon Neutral by 2030’ may require businesses to demonstrate clear implementation plans, measurable milestones, and systems for monitoring progress rather than relying on aspirational statements alone.
An environmental compliance expert told The Island Financial Review that this transforms sustainability from a communications exercise into a governance issue. “Responsibility will no longer rest solely with sustainability departments. Company directors, senior executives, marketing teams, procurement professionals, and compliance officers will all have roles to play in ensuring that public claims can withstand regulatory scrutiny. The potential costs of non-compliance are considerable. Under the directive, penalties may include fines of up to four percent of annual turnover generated within the relevant EU member state, restrictions on marketing activities, increased regulatory investigations, and challenges from consumer organisations and commercial partners.”
“The reputational consequences may prove even more damaging. In highly competitive export markets, trust has become a critical business asset. Companies found to be making unsubstantiated environmental claims could face long-term damage to relationships with buyers, retailers, and consumers.”
“The timing is particularly important for Sri Lankan businesses because compliance preparations, reporting frameworks and adjustments are needed before the enforcement date arrives.”
“Businesses supplying European markets are therefore being encouraged to begin assessing their exposure now rather than waiting until the last minute. Early preparation could help exporters safeguard market access, maintain buyer confidence, and strengthen their competitive position in an increasingly sustainability-conscious global economy.”
“For Sri Lanka’s export sector, the message from Europe is becoming increasingly clear: sustainability claims will no longer be judged by how compelling they sound, but by how convincingly they can be proven,” he said.
As the countdown to September 2026 begins, exporters may need to ask themselves a critical question: Are their sustainability claims ready for a new era of accountability?
By Sanath Nanayakkare
Business
University of West London opens Sri Lanka’s first full UK university branch campus
The University of West London (UWL) has formally opened the University of West London Sri Lanka Branch Campus, the country’s first full UK university branch campus, marking a landmark development in Sri Lanka’s higher education sector.
The University of West London Sri Lanka Branch Campus is designed to bring a UK university learning experience closer to students in Sri Lanka. The campus is operated by ANC Campus, a pioneer in the higher education sector in Sri Lanka with over two decades of experience in delivering internationally recognised education.
The University of West London Sri Lanka Branch Campus gives students the opportunity to study towards world-class UK degrees while remaining close to home. Academic delivery, assessment and quality assurance will be aligned with University of West London standards, with the University maintaining academic oversight of its courses and awards. Students will have access to UWL-approved programmes, academic support, learning resources and a campus environment designed to promote academic success, confidence and employability.
Business
Xiaomi Store powered by Abans opens at One Galle Face Mall
Xiaomi Sri Lanka, marked a significant day in the brand’s local journey with the launch of the all-new Xiaomi 17T and the grand opening of the new Xiaomi Store powered by Abans at One Galle Face Mall, Lower Ground.
This occasion reflects the brand’s growing presence in the country and its commitment to bringing smarter technology, connected devices and immersive customer experiences closer to Sri Lankan consumers.
Held under the theme “Step into a smarter world with Xiaomi,” the launch event welcomed media, partners, technology enthusiasts and customers to experience Xiaomi’s latest innovation and wider smart ecosystem. The new store at One Galle Face Mall powered by Abans has been designed to give customers a hands-on experience across Xiaomi smartphones, smart home products, lifestyle technology and connected devices, supported by Abans’ strong retail presence and customer service network.
Commenting on the milestone, Kain Wang, Country Head, Xiaomi Sri Lanka, said, “17th June is a significant day for Xiaomi in Sri Lanka as we celebrate two important milestones together: the launch of the Xiaomi 17T and the opening of our new Xiaomi Store powered by Abans at One Galle Face Mall. This reflects the strength of Xiaomi’s journey in Sri Lanka and our continued commitment to offering innovation, performance and smarter lifestyle experiences to local consumers. With Xiaomi 17T, we are bringing advanced Leica imaging, powerful performance and long-lasting battery life to users who want to do more with their smartphones. At the same time, our new store creates a dedicated space for customers to experience the Xiaomi ecosystem in a more personal and engaging way.”
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