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Witness a World of Opportunity at the Australian Education Expo 2022 on 12th and 13th March at OGF



Manisha Gunasekera, Admissions & Recruitment Manager, Edith Cowan University – Sri Lanka, Chaminda Ranasinghe, Associate Principal, ACBT & Edith Cowan College Sri Lanka – Colombo, Dionne Gregory, Area Manager Sri Lanka – Navitas, David Matthews, General Manager, Edith Cowan University – Sri Lanka, Dr Sajani Dias, Dean, Academic Programs, Edith Cowan University – Sri Lanka, Sarath Perera, Head of Marketing & Admissions, Edith Cowan University – Sri Lanka.

Ranked among the world’s best young universities, Edith Cowan University (ECU) will showcase alongside the Australian College of Business and Technology and Edith Cowan College, at this year’s upcoming Australian Education Expo (AEE) in Colombo at One Galle Face Mall Atrium on the 12th and 13th of March 2022, from 8.30am to 7.00pm.

The event will provide prospective students and their parents, with first-hand experience about obtaining an Australian degree, with the opportunity to study right here in Sri Lanka, through Edith Cowan University’s Sri Lanka campus.

Associate Professor and Dean of International Relations at Edith Cowan University, Helen Vella Bonavita said, “Edith Cowan University in Western Australia is excited to be attending the Australian Education Expo in Colombo. We welcome you all to come and explore your educational journey with us and build your bridge to success.”

Edith Cowan University is one of the best recognized universities in Australia with more than 30,000 undergraduate and postgraduate students, and welcomes over 6,000 international students annually from across 100 countries . The University offers a broad range of programs in Arts and Humanities, Business and Law, Education, Engineering, Medical and Health Sciences, Nursing and Midwifery, Science and Performing Arts.

Edith Cowan University – Sri Lanka (ECU Sri Lanka) is the fourth campus of Edith Cowan University that provides world-class Australian university qualifications, including full degrees, right here in Sri Lanka. Presently, the Colombo campus provides the following degrees: Bachelor of Commerce, Bachelor of Computer Science, Bachelor of Science (Cybersecurity), Bachelor of Science (Biomedical Science), Bachelor of Design (Games and Interactive Design) and Bachelor of Science (Nursing Studies).

Commenting on the upcoming showcase at the Australian Education Expo in Colombo, David Matthews, General Manager at ECU Sri Lanka added, “I look forward to meeting everyone at the Australian Education Expo and sharing valuable information about all of the wonderful opportunities at our Australian university campus in Colombo.”

Also attending the Australian Eduacation Expo is Australian College of Business and Technology (ACBT) and Edith Cowan College, two of Sri Lanka’s leading private education institutes with a history spanning over two decades. ACBT and ECC offer University Foundation Programmes (UFPs) and Diplomas qualifications that offer a pathway into Edith Cowan University’s undergraduate degrees in Colombo and Australia.

We welcome you to come and discuss your future study plans with us, and the range of pathway options available to you that will help you to achieve your dream of an Australian university education that is flexible and affordable. Talk directly to our admission staff to secure your pathway and the world of opportunity on offer.

The Australian Education Expo has been organized by Navitas, one of the world’s largest education providers, to provide Sri Lankan and regional students with information on Australian vocational, undergraduate and postgraduate qualifications in Sri Lanka and Australia. Navitas is a leader in the global education sector and has helped generations of learners transform their lives through education.

Come visit us at the Australian Education Expo and explore your Australian degree opportunities and the pathways to success!

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Dialog Smart Home Enables Seamless Home Automation via Range of Intuitive Solutions 



Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced a range of convenient and integrated solutions via ‘Dialog Smart Home’ to enable intelligent automation and intuitive control of homes.

The newly introduced range of future-fit smart home solutions by Dialog Smart Home ranges from Home Automation, Home Security & Surveillance and Home Connectivity, and are designed to enable any home to work as one harmonious system where all elements work in tandem together to create a truly intelligent home.

The Home Automation solutions offer homeowners seamless and convenient control of their electronic appliances through their smartphones anytime, anywhere. With the Smart Touch Wall Switches, Smart Power Strips and Smart Fan Controllers, homeowners can take control of existing light bulbs, table fans, rice cookers, chargers, ceiling fans and more appliances. Additionally, the Artificial Intelligence (AI) powered TeDi Alexa Solution enables users to control connected smart devices including TVs, air conditioners, home security systems and more through voice commands.

Home Security & Surveillance solutions transform basic cameras into high-powered CCTV solutions. Baby and house monitoring smart cameras can be placed inside homes to keep a 360-degree eye on children and pets. The Indoor Security Camera has the ability to sound a siren and notify users if a stranger enters their home. Dialog Smart Home has also partnered with Singer to offer customers world-renowned Dahua CCTV solutions.

The Home Connectivity solutions offers consumers Wi-Fi extenders to facilitate uninterrupted internet connectivity across the house to fit the homeowner’s lifestyle and requirements.

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CBSL implements extraordinary measures to support banking sector



The Central Bank of Sri Lanka, considering the prevailing macroeconomic conditions and its impact on the banking sector, has decided to implement the following regulatory measures to support the banking sector to facilitate effective financial intermediation and the flow of credit to the economy, whilst ensuring the soundness of the banking sector.

• Sri Lankan banking sector maintains a Capital Conservation Buffer (CCB) of 2.5% to ensure that banks have an additional layer of usable capital that can be drawn down during stress times. An industry wide flexibility is granted for banks to drawdown the CCB (up to 2.5%), if needed, subject to restrictions on distribution to shareholders/ repatriation of profits and submission of a capital augmentation plan to rebuild CCB during a period up to three years.

• The current deadline for licensed banks to meet the enhanced minimum capital requirement (31.12.2022) is extended up to 31.12.2023. Licensed banks which are unable to meet the minimum capital requirement by 31.12.2022, need to submit their capital augmentation plan, including plans to consolidate or merge with suitable financial institutions, by 31.12.2022 and these licensed banks too shall refrain from distribution of dividends/ repatriation of profits until the minimum capital requirement is met.

• Licensed banks are encouraged to move to approaches such as The Standardised Approach (TSA) or alternative TSA for computation of risk weighted assets for operational risk for the purposes of computing the Capital Adequacy Ratio, subject to supervisory review.

• Licensed banks are given the flexibility to stagger the unrealised mark to market loss on Government Securities denominated in LKR on account of the recent interest rate hike for Capital Adequacy purposes until Q2 of 2024, subject to conditions.

• Licensed banks are granted flexibility on the treatment for Other Comprehensive Income (OCI) for Capital Adequacy purpose in line with the International Standards.

• The deadline for licensed banks to submit the document on Internal Capital Adequacy Assessment Process (ICAAP) for 2022, to the Central Bank of Sri Lanka is extended by one month, until 30.06.2022.

• As a short-term measure to support licensed banks to adjust their liquidity profiles, licensed banks are provided with the flexibility to operate maintaining the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) not lower than 90% up to 30.09.2022. Furthermore, the Central Bank of Sri Lanka, on 06 May 2022 decided to restrict certain discretionary payments of licensed banks, such as declaring cash dividends and repatriation of profits, until the financial statements for the year 2022 are audited by its External Auditor, engaging in share buy backs, increasing management allowances and payments to the Board of Directors until 31 December 2022 with a view to strengthening the liquidity and capital positions of licensed banks under these exceptional circumstances.

The above measures were introduced with the aim of providing the licensed banks with more flexibility and opportunities to operate in these challenging conditions and support economic recovery, while taking measures to improve their safety and soundness. The Central Bank of Sri Lanka will periodically review the implementation of these policy measures and expects licensed banks to avail these measures in the best interest of the customers and the economy at large, while supporting the banking sector to remain resilient.

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CEAT official tyre supplier for locally assembled Tata Ace HT 



CEAT Kelani Holdings has been appointed as the official tyre supplier for Tata Ace HT series compact trucks which are assembled in Sri Lanka by DIMO in collaboration with India’s largest automobile manufacturer TATA Motors.

 CEAT RHINO PLUS TL tyres in the size of 155R12 8PR, manufactured at the CEAT Kelani plant in Kelaniya are used for the TATA Ace HT series vehicles, popularly known in Sri Lanka as “DIMO Batta” under this project. The locally manufactured CEAT RHINO PLUS TL tyre features a zig zag pattern on its circumference and ribs with lateral notches that contribute towards uniformity and better wear and tear on local roads.

 Commenting on this latest OEM agreement of the company, CEAT Kelani Holdings Managing Director Mr. Ravi Dadlani said: “As a brand that has been at the forefront of local value addition in Sri Lanka, CEAT is excited to contribute further to the process through its association with this assembly operation. This is particularly relevant in the prevailing situation in the domestic market. We are able to provide high-quality tyres engineered for local conditions at competitive prices and ensure uninterrupted supply, while at the same time helping to conserve foreign exchange.”

In January this year, CEAT was appointed as an OEM for a range of heavy-duty trucks, tippers and light commercial vehicles assembled in Sri Lanka by Lanka Ashok Leyland PLC (LAL), a joint venture company of Ashok Leyland India. In November 2021 the brand was chosen as the OEM for Bolero City Pik-up vehicles assembled in Sri Lanka by Mahindra & Mahindra India in collaboration with Ideal Motors.

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