Business
Sri Lankan envoy delivers special lecture on future economic trajectory of Sri Lanka & Vietnam
Ambassador of Sri Lanka to Vietnam, Prof A. Saj U. Mendis, was invited by the University of Social Sciences & Humanities (USSH) of the prestigious Vietnam University (VNU) to deliver a Special Lecture/Talk on “Economic Transformation & Future Trajectory of Vietnam and Sri Lanka” to the senior academic faculty, lecturers, graduate students and guests. Ambassador Mendis was received by the Vice Rector of the VNU, Prof. Dr. Dao Thanh Truong, and he expressed close and congenial relations between the two countries as well as the similarities.
A press release issued by the Sri Lankan embassy in Vietnam said: ‘During the aforementioned Special Talk, Prof. Mendis stated that the unprecedented and meteoric economic and commercial rise was unprecedented since Vietnam could boost its GDP per capita from USD 90 in 1990s to USD 4,400 in 2023, within a space of only a generation. He further accentuated that Sri Lanka established diplomatic relations with Vietnam at the peak of the Vietnam War in July of 1970 despite there were a number of objections and reservations from certain countries. He also added most of the countries have established relations with Vietnam after the Vietnam War in 1973, which did reflect and manifest the congenial and affable relations between Colombo and Hanoi. Prof. Mendis also stated that today Vietnam is being considered as one of the fastest-growing large economies in the world as well as one of the most prolific exporters of goods and services to the global market.
‘Amb. Mendis highlighted that Vietnam was only one of the four countries in the world having a bilateral trade greater than the GDP, thus demonstrating its connectivity and engagement to the world at large. This is stated in the context that Vietnam has 16 FTAs and Partnership Agreements including the membership in two of the largest trading blocs in the world known as Regional Comprehensive Economic Partnership (RCEP) and Trans-Pacific Partnership (CPTPP). For record, Mendis stated that Sri Lanka has expressed its fervent interest to join the 15th – member RCEP in order to elevate and enhance the bilateral trade. These trading arrangements, of course, facilitated and aggrandized Vietnam as a highly favored and sought-after destination for FDIs, manufacturing, technology and logistics. Amb. Mendis added that since 1980, Vietnam has amassed a total FDI/FII stock of nearly USD 450 billion with the presence of some of the largest global brands such as Samsung, Toyota, Intel, Hyundai, LG, Lotte, Honda and Apple, along with a number of other multinational companies.
‘Amb. Mendis, during the lecture, articulated some of the key similarities between the two countries. For record, he stated that the GDP per capita of Sri Lanka is quite similar to Vietnam and is around USD 3,900 with efficaciously contained and controlled inflation of around 5% as well as interest rates and other monetary and fiscal policy reforms. Mendis added that the country did confront chronic economic challenges in 2022 and today Sri Lanka has emerged with commendable efficacy and success. He also stated that few countries in the world have confronted economic and political challenges and crises as Vietnam and it was most admirable to witness that Vietnam, today, being described as a “Mecca for Investments, Manufacturing and Tourism”. This is stated in the context that Vietnam received 19 million tourists before the COVID.
‘Prof Mendis articulated that Sri Lanka was described by highly noted travel magazines and media, such as “Lonely Planet, National Geographic, BBC Good Food and even CNN” as one of the five best destinations for tourism in the world. Prof Mendis concluded the 90-minute lecture by stating that both the countries are well-poised and well-positioned in the new world order to become rapidly developing nations, particularly, given the strategic locations, competent human resources, existing FTAs and economic and political stability, amongst others. The faculty members and graduate students of the USSH of VNU raised, broached and queried a number of questions and comments to Prof. Mendis.
‘Prof Mendis is a senior foreign service officer having served as the ambassador to Bahrain and South Korea and has earned his MBA from San Francisco State/University of California and Ph.D. from Indian Institute of Technology (IIT), Delhi in International Economic Policy.’
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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