The CIMA Global Business Challenge is an international Competition designed to bring out the best in potential business leaders among young undergraduates.

The competition consists of analyzing, reporting and presenting on a CIMA case study. Teams from all over the world; UK, Ireland, Hong Kong, Sri Lanka, India, China, Malaysia and Singapore are invited to participate in the preliminary round, where the winners from each country will compete in the final in Singapore. All universities in Sri Lanka were invited to participate in the competition.

From the entries received, four teams have been shortlisted to compete in the Sri Lanka national finals scheduled to be held on July 18 at CIMA Sri Lanka Division. The teams qualifying are 2 teams from the University of Moratuwa and one team each from the University of Kelaniya and University of Sri Jayawardenepura.

The four shortlisted teams include Team 'Achievers' from the University of Kelaniya headed by M A M Azeem , Team 'APEX' from the University of Sri Jayewardenepura headed by Jithma .P.Vithanage , Team 'Paradigm from the University of Moratuwa headed by Channa Gunasekera and Team 'Extreme' from the University of Moratuwa headed by M.D.C.Y. Perera.

During the national finals, the teams will be expected to analyse and evaluate on a CIMA case study and present appropriate recommendations. The competition provides teams with the opportunity to test their financial knowledge and business analytical skills, whilst expanding upon their competitive ability.

The winning team will then go on to represent Sri Lanka at the Global finals in Singapore and compete with teams from UK, Ireland, Hong Kong, India, China, Malaysia and Singapore. The final is scheduled to take place on August 21 2009.