A meeting was organized by the Department of Business Economics with the officials of IBSL to discuss signing MOU on 20th August 2021 via Zoom. Dr. Y. Nanthagopan/ Dean of the Faculty of Business Studies chaired the meeting with the presence of Mrs.P. Godwin Phillip/ Head, Department of Business Economics, Dr. K. Kalainathan/ Head, Department of Finance and Accountancy, Mr.A.Thayaparan/ Senior Lecturer, DBE, Mr.T.Selvamalai/ Lecturer, DBE and the officials from the IBSL: Mr.C.P.A.Karunatilake/ Director General, IBSL, Mr. Manjula Wickramasinghe/ Deputy Director, Administration and HR of IBSL) and Secretary to Director General of IBSL. The Dean welcomed the gathering and briefed the essence of having an MOU with professional bodies. The highlight of the meeting is that the higher officials of the IBSL agreed to provide gold plated medal for the best student in BBM (Hons) in Business Economics. In addition, they voluntarily agreed to sponsor the student club activities of the Department of Business Economics. Futher, it was decided to sign the MOU with the approval of the governing bodies of both parties in the mid of November 2021 to ensure the effective function from the new year 2022.