Confirmation bias: Silently destroying meritocracy, objectivity and fairness

The varied public response to recent incidents ranging from the arrest of Ranil Wickremesinghe, former president and prominent politician of Sri Lanka to the assassination of Charlie Kirk, American right-wing political activist, evidence that our assessment of, and response to, events are primarily based on our like or dislike of the individual, or individuals, involved rather than on an objective and unemotional interpretation of the underlying facts. When we base our opinions and conclusions on our likes or dislikes of the individual rather than on the facts, we undermine the principles of fairness, justice, ethics, and integrity that underpin our society.

These responses are not a matter of momentary lapses in judgment. They are a fundamental corruption of our ethical framework. The shift from ‘what is right?’ to ‘who is involved?’ represents a dangerous regression that can lead to profound and lasting damage to our innate values and those values that were nurtured in us by our parents, teachers, spiritual leaders, and the generations before us. Till about 50 years ago, there was significant congruence in our interpretation of what was right and wrong.

My father was an example of one who expressed a straightforward binary assessment of an action, irrespective of who was involved. To him, there was a clear ‘right’ or ‘wrong’; a ‘black’ or a ‘white’. There were no greys or shades of grey. There were no fences to sit on. His views on a matter were based on his unbiased interpretation of facts, and such interpretation did not vary based on who was involved. Oft were the times when he found in favour of a third party over his immediate kith and kin. He had no qualms or hesitancy in telling his wife and/or his sons that they were wrong. Compare this with the current tendency of people protecting kith and kin even when they are blatantly at fault!

Principles like fairness, transparency, accountability, and objectivity were not created arbitrarily. They are the foundation and scaffolding of a just and functional society, providing a way to ensure that decisions are based on facts and the merit of those facts, rather than whim or bias. These principles have served us, and serve us, as a universal standard and a moral compass that guides our actions even when the path is difficult. They provide common ground, a shared language for what is acceptable and what is not. They are impersonal and are a bulwark against the inherent biases that plague human nature.

Erosion of fair play, transparency, ethicality, and objectivity

However, a random survey of global events raises questions about whether these principles remain valid. From the recent bribery scandal of software giant SAP to the indiscriminate killing of innocent civilians caught in the middle of Israel’s invasion of Gaza, there are a multitude of instances, both in corporate and political spheres, that demonstrate an erosion of fair play, transparency, ethicality, and objectivity.

Fairness is the principle of treating everyone with impartiality and without bias. It is about ensuring that the rules apply equally to all, regardless of their background, wealth, or status. When a justice system is fair, people trust it. When hiring practices are fair, opportunities are open to a wider range of talent. When economic policies are fair, they do not disproportionately benefit one group at the expense of another. Without fairness, society devolves into a game of favouritism, where connections matter more than competence and the powerful can act with impunity. This breeds resentment and division, undermining social cohesion.

Transparency is about openness. It is the idea that decisions, especially those made by institutions and governments, should be visible and accessible to the public, i.e., a right to information. Think of it as a society’s anti-corruption mechanism. When processes are transparent, it is much harder for backroom deals to happen or for power to be abused. For example, transparent government budgets allow citizens to see where their tax money is going. Transparent legal proceedings ensure that justice is not a secret affair. This visibility builds trust between the people and their institutions. When people can see how and why decisions are made, they are more likely to accept them, even if they disagree. In the absence of transparency, rumours and suspicion thrive, eroding public confidence and creating a fertile ground for corruption.

Accountability is the obligation of individuals or organisations to answer for their actions. It is the question ‘who is responsible?’ Without accountability, there is no consequence for mistakes or wrongdoing. A government that is not accountable can make terrible decisions without fear of repercussion. A corporation that is not accountable for its pollution can continue to harm the environment. This principle ensures that power is not a free pass. It holds individuals and institutions responsible for their duties and ethical conduct. When leaders are held accountable for their promises, they are more likely to be careful and deliberate in their actions. Accountability is what makes a system self-correct. It provides a mechanism to learn from errors and prevent their repetition. Natural machine learning!

Objectivity means basing decisions on facts and evidence, not on personal feelings or prejudices. It is the pursuit of truth over opinion. In a fair and just society, decisions are made on the merits of a case. A jury’s verdict is supposed to be based on the evidence presented, not on its personal biases. Scientists’ findings are evaluated based on data, not on their reputation. Objectivity ensures that outcomes are based on reality, not on someone’s subjective viewpoint. It is the cornerstone of rational thought and a prerequisite for making sound judgments. Without objectivity, we lose the ability to distinguish between fact and fiction, making us vulnerable to manipulation and misinformation.

Principled evaluation and person-centric evaluation

The transition from principled evaluation to person-centric evaluation is often a gradual and insidious process. It rarely happens overnight. It begins with small, seemingly harmless concessions. We overlook a minor mistake from a colleague we enjoy working with, while we make a song and dance of the same error from someone, who we dislike. We rationalise them. ‘It was a one-time thing,’ or ‘They are usually so good,’ or ‘He has done so much for the country.’ Meanwhile, we apply a different, more stringent standard to the people we dislike, often magnifying their faults and minimising their successes.

This is the psychological trap of confirmation bias in action. Confirmation bias is a cognitive shortcut where people seek, interpret, and favour information that confirms their pre-existing beliefs while ignoring or downplaying contradictory evidence. It is a pervasive phenomenon that affects us all, often without us even realising it. We seek out and interpret information in a way that confirms our pre-existing beliefs. If we like someone, we look for evidence of their good qualities and downplay their negative ones. If we dislike them, we do the opposite. This may not be a conscious, malicious act in most cases. It is an unconscious cognitive shortcut that allows our brains to justify our emotions. Its pervasiveness, though, makes it appear more the norm than the exception.

Confirmation bias shapes our social circles and personal judgments. People often gravitate towards others who share their views, creating ‘echo chambers’. This is particularly evident on social media. You follow people and news sources you agree with, and the algorithm, in turn, feeds you more of the same, reinforcing your beliefs and rarely exposing you to opposing viewpoints. Stereotyping is another social example. If you believe a certain group of people is lazy, you will pay more attention to and remember instances of laziness of individuals within that group. You will overlook any evidence that contradicts your stereotype. This selective attention and memory perpetuate and strengthen the stereotype in your mind.

Confirmation bias is a major driver of political polarisation. Voters often seek out news outlets that align with their political ideology. For instance, a conservative person may watch a news channel known for its right-leaning perspective, while a liberal person watches a left-leaning one. When a political scandal breaks, both viewers will interpret the same event in a way that confirms their pre-existing belief about the trustworthiness of the party involved. They will focus on details that support their side and dismiss information that could be seen as favourable to the opposition. This bias is how people evaluate candidates. A voter who supports a particular candidate will interpret his/her campaign speeches, actions, and even gaffes in the most charitable light possible, while a voter who opposes the candidate will view the same things as signs of incompetence or malice. The result is two groups of people who see the same events through entirely different lenses, convinced that their own interpretation is the only rational one.

In the corporate world, confirmation bias can lead to poor decision-making and missed opportunities. It is prevalent in hiring, strategic planning et cetera. A hiring manager, for example, might have a positive first impression of a candidate’s resume and then interview with the subconscious goal of confirming that impression. They will ask leading questions and pay more attention to answers that validate their initial gut feeling, overlooking red flags or a more qualified candidate. A CEO who is convinced that a new product idea is a guaranteed success may influence his team to ‘prove’ the concept’s viability. The team, knowing what the CEO wants, will conduct market research that asks biased questions or only seeks out data that supports the desired outcome. Any contradictory data is ignored or downplayed, leading to a flawed business plan and an elevated risk of failure. This ‘groupthink,’ is also a collective form of confirmation bias.

Consequence of confirmation bias

The consequence of confirmation bias is a system where the ‘rules’ become flexible, a sliding scale dependent on who is being evaluated. This creates a deeply unstable and unpredictable environment. Individuals who are ‘in’ with the right people are given preferential treatment, while others who may be more deserving and principled are marginalised. The repercussions of such an approach are far-reaching and destructive, impacting individuals, organisations, and society.

The corollaries of confirmation bias are, > Loss of trust and morale. When people see that favouritism and personal bias, not merit, are the true drivers of success, they lose faith in the system. Why work hard, innovate, or uphold ethical standards if the path to success is simply a popularity contest? This leads to a decline in morale, a loss of motivation, and a sense of profound injustice. Talented and principled individuals will either leave or become cynical and disengaged. They realise that their efforts are not valued, and they are playing a game with ever-changing rules, > Rise of mediocrity. A system based on ‘likeability’ inherently rewards the wrong traits. It prioritises social manoeuvring, charm, and the ability to conform over competence, integrity, and innovation. The person who is most effective at office politics, and not the most skilled person, gets the promotion. This leads to a leadership vacuum filled with individuals who may be well-liked but are ill-equipped to handle the challenges of their roles. The quality of work, products, or services will decline, as the organisation is no longer driven by excellence, > Creation of a toxic culture. When personal feelings dictate outcomes, the workplace or community becomes a minefield. People become wary, carefully monitoring their words and actions to avoid arousing the disapproval of those in power. Instead of fostering open communication and constructive feedback, this environment encourages sycophancy, backstabbing, and a culture of fear. Conflict resolution becomes impossible because the ‘facts’ are not the issue, who you are is the issue, > Perpetuation of injustice. This is the most serious consequence. A system based on personal bias is inherently unfair. It disproportionately affects those who are different, i.e., who may be introverted, from a different background, or simply not as socially adept. It creates a powerful and exclusive in-group, where those who are like the decision-makers are favoured. This is a primary mechanism through which unconscious bias and systemic discrimination operate. It is not always overt racism or sexism; it is often the subtle, daily favouritism shown to people who are ‘like us,’ at the expense of those who are not.

Reversing this trend is not easy, but it is essential. It requires a conscious, collective effort to re-centre our focus on principles, not personalities. We can do so by, > Acknowledging and Combating bias. The first step is to admit that we are all susceptible to bias. It is a fundamental part of being human. We must train ourselves to recognise when our feelings about a person are influencing our judgment. When evaluating someone, ask yourself: ‘Am I judging these people based on their actions and results, or based on whether I find them pleasant or difficult?’ Use objective criteria wherever possible, > Implementing clear and objective metrics. To the greatest extent possible, remove the subjective element from evaluations. Instead of vague criteria like ‘good attitude,’ use specific, measurable metrics. For a performance review, focus on concrete achievements, project outcomes, and adherence to company standards. For a judicial process, rely on evidence and legal precedent, not the character of the defendant. This is not to say that all human interaction can be quantified, but that we can create a framework that minimises the room for opinion to take root, > Fostering a culture of accountability. Leaders and individuals must be held accountable for their decisions. If a manager promotes a less-qualified person over a more-qualified one, there should be a system to question and address that decision. This requires a culture where challenges and questioning are not only safe but encouraged. Ethical principles must be actively championed from the top down and enforced consistently, with no exceptions for those who are ‘well-liked.’, > Redefining leadership and success. We must change the narrative around what makes a good leader or a successful person. We need to value integrity, competence, and humility as much as, if not more than, charisma and social skills. We must tell stories that celebrate principled decisions, even when they are unpopular, and highlight the long-term damage of decisions based on favouritism.

Mounting evidence that our values and ethical principles are driven by whether we like or dislike the person being evaluated is a worrying indicator of a growing cultural sickness. It points to a deep-seated vulnerability in human systems. It exposes our tendency to let personal emotions override our commitment to objective truth and fairness. The path back requires a conscious and sustained effort to re-establish the primacy of principles. It means a renewed commitment to justice, not just as an abstract ideal, but as a practical, daily discipline. It demands that we ask not who we are evaluating, but what the facts and principles dictate. For if we lose sight of this, we risk not just a loss of trust or morale; we silently contribute to the destruction of meritocracy and objectivity. The rule of law must always prevail.

NCINGA secures deal for SLs first banking Customer Data Platform

NCINGA yesterday announced that the global technology solutions provider has secured a landmark deal with one of Sri Lanka’s leading banks to implement the country’s first Customer Data Platform (CDP) for hyper-personalised banking experiences.

The project will move into the build and deployment phase in the coming months. Upon completion, the CDP will empower the bank to deliver targeted services, offers, and content; improve digital customer engagement; and drive higher customer lifetime value.

This strategic mandate is a historic first for Sri Lanka’s banking industry and its digital transformation trajectory. Demographic shifts and increased mobile adoption are changing consumer behaviour. CDPs provide banks with the technological foundation to keep abreast of these changes and cultivate more valuable, long-lasting customer relationships. These solutions leverage Artificial Intelligence (AI) and Machine Learning (ML) capabilities to unify data from omni-channels, build customer personas, analyse the entire customer journey, and provide personalised experiences across all customer touch points in real-time.

As CDP adoption is a key step in becoming a true AI-powered bank, a majority of CMOs across industries have marked CDPs as a priority in their two year plans. Any business that has invested in a data warehouse, a Customer Relationship Management (CRM) platform, a mobile app, super app, or even a social listening tool, is already on a CDP journey. NCINGA, with its emphasis on delivering future-oriented technology solutions, has been one of the earliest advocates of CDP adoption in multiple industries. This project will serve as a benchmark for banking industry innovation in Sri Lanka and the wider Asia-Pacific region.

NCINGA Cloud Practice VP Isuru Ponnamperuma said: ‘NCINGA is creating history in Sri Lanka’s CDP adoption journey. We were ahead of the curve, educating the market on AI-driven marketing technologies that drive hyper-personalisation. Earlier in the year, we organised an industry event together with our partners to share more insights about CDP-driven hyper-personalisation. CDPs are the next frontier for B2C businesses, and most importantly, these platforms are never static; they will evolve, and with that, so will your business.’

NCINGA’s comprehensive CDP solutions include custom plug-ins for additional data streams, generative AI integration, and hybrid cloud and on-premise deployments. We also work with businesses to build customised data warehouses, analytical models, and dashboards.

Malaysian duo Duncan, Zoe win Reliance PSA Challenger Open Championship

Malaysian duo Duncan Lee and Zoe Foo were crowned 2025 Reliance PSA

Challenger Open champions after Zoe Foo defeated Raifa Yattaqi from Indonesia and Duncan Lee got the better of Omar El Torkey of Egypt in a fiery encounter in the finals.

The Reliance PSA Challenger Championship 2025, a 6K Men’s/3K Women’s

Challenger event on the PSA Squash Tour, took place recently at Air Force Squash Complex in Ratmalana. Finals and award ceremony took place with Singer Finance PLC CEO Thishan Amarasuriya attending the occasion as Chief Guest.

Third seed, Duncan Lee and unseeded Omar El Torket who downed second seed home favourite Ravindu Laksiri in quarter finals were the two stand out performers at the top of the Men’s game, and look set to enjoy a fierce fight for the top position.

Omar made a perfect start to the match, taking a 1-0 lead at 11/6.

Malaysian national Champion Duncan fought back strongly to win the second set 12/10 to tally the set scores at 1-1. Duncan kept the momentum to win the last two games at 11/3 and 11/4 to take the 2025 Reliance PSA Challenger Men’s Open title.

Women’s open final saw fifth seed Zoe Foo being given a tough fight by Rafia Yattaqi. Zoe took the first set quite easily at 11/6 before conceding the second set at 11/7. Zoe managed to take the last two sets although the last set went down to the wire at 13/11 to win the 2025 Reliance PSA Challenger Women’s Open title.

The tournament was organised by Sri Lanka Squash under the guidance of

Professional Squash Association (PSA) and sponsored by Reliance logistics with participation of 27 participants from 10 countries.

Reliance Logistics was the main sponsor while Rajat Agro commodities, Sana Lanka Trading, SP Agro, Venus Commodities and Amro sugars supported as co-sponsors. PEO TV was the official broadcast partner for the tournament.

ACS Capital partners Edinburgh University Trading and Investment Club

ACS Capital, a licenced capital markets firm in Sri Lanka, has announced a strategic partnership with the Edinburgh University Trading and Investment Club (EUTIC), founded in 1998 and recognised as Scotland’s largest student-led investment fund.

Through the strategic partnership with EUTIC, ACS Capital enhances its role in advancing frontier market expertise and building international awareness of Sri Lanka’s investment landscape, while highlighting Sri Lanka as a key case study within global capital markets.

ACS Capital Strategy Head Ryan Thineth said: ‘This partnership provides a valuable platform to highlight Sri Lanka’s position within frontier markets and to advance academic-industry engagement, supporting the development of future financial leaders with a stronger understanding of under-researched economies.’

The initiative is expected to strengthen academic-industry engagement and highlight opportunities in frontier markets, reinforcing ACS Capital’s commitment to positioning Sri Lanka within the global investment dialogue.

World Tourism Day 2025 celebrations and Colombo Travel Mart 2025 at One Galle Face

The World Tourism Day 2025 celebrations and Colombo Travel Mart 2025 were inaugurated at One Galle Face, Colombo on 27 September 2025 with participation of Tourism Deputy Minister Prof. Ruwan Ranasinghe.

World Tourism Day celebrations begin in partnership with the Tourism Ministry, Sri Lanka Tourism Development Authority (SLTDA), Sri Lanka Association of Inbound Tour Operators (SLAITO), and the Alumni Association of Tourism Economics and Hospitality Management (AATEHM). The Colombo Travel Mart 2025 was opened on 27 September at One Galle Face, bringing together the tourism industry and the young professionals to mark The World Tourism Day 2025.

Tourism Deputy Minister Prof. Ruwan Ranasinghe, High Commissioner of New Zealand to Sri Lanka David Pine, SLTDA Chairman Buddhika Hewawasam, SLITHM and SLCB Chairman Dheera Hettiarachi, UN World Tourism Organisation Director of International Development and Cooperation Jaime Mayaki, AATEHM President Nihal Muhandiram, SLAITO Vice President Nishad Wijethunga, THASL President M. Shanthikumar, and industry stakeholders of tourism attended the opening ceremony.

The program began with a welcome address by Alumni Association of Tourism Economics and Hospitality Management President Nihal Muhandiram. He said that the University of Colombo had been central in shaping leaders for the tourism industry and stressed that academic partnerships must continue if the sector is to grow.

SLTDA Chairman Buddhika Hewawasam said that the Travel Mart had matured into an important fixture in the tourism calendar. He called for closer collaboration between the state and private stakeholders and urged the industry to keep pace with innovation and sustainable practices. He added that Sri Lanka’s brand must be strengthened through service quality and unique visitor experiences.

UN Tourism International Development and Cooperation Director Jaime Mayaki, followed with his remarks. He said that Sri Lanka had a clear opportunity to lead South Asia in sustainable tourism and reminded the audience that global partnerships can bring new markets and shared knowledge. He added that Sri Lanka’s natural and cultural assets already give it a strong base to compete internationally.

High Commissioner of New Zealand to Sri Lanka David Pine delivered the keynote speech. He said that tourism is a central part of New Zealand’s engagement with Sri Lanka, alongside education, sports, and culture. He noted that tourism is vital for Sri Lanka’s economic recovery as it generates foreign exchange while other sectors continue to develop. He added that New Zealand visitors arriving in the country would significantly increase in the coming months. He observed that this growth fits with Sri Lanka’s national tourism policy, which promotes sustainability, community involvement, and environmental protection. The High Commissioner also pointed to growing interest from New Zealand investors, ranging from boutique hotels to wellness retreats, as well as strong enthusiasm from the Sri Lankan community in New Zealand. He stressed the importance of building skilled people for the industry, highlighting partnerships with institutions such as the University of Colombo to support training, research, and capacity building. Recalling a recent visit, he said that he was encouraged by the creativity and dedication of young students gaining practical experience in hospitality. He added that New Zealand is committed to working with the Sri Lankan Government, the tourism sector, and educational institutions to help bring more international travellers to experience the country’s culture and natural beauty.

SLAITO Immediate Past President Nishad Wijetunga, said that inbound tourism had shown resilience despite global challenges. He urged operators to maintain service quality and adapt to new travel trends, pointing to opportunities in adventure, eco-tourism, and cultural experiences.

Tourism Deputy Minister Prof. Ruwan Ranasinghe addressed the gathering last. He said that the Government was committed to supporting the industry through policy reforms and investment. He noted that tourism had the potential to create thousands of jobs for the younger generation and stressed that the link between education and employment must be strengthened.

After the ceremony, dignitaries proceeded to officially open the Colombo Travel Mart, which continued throughout the day with business-to-business and business-to-consumer exchanges. The Travel Mart demonstrated how tourism could drive economic opportunity by linking international partnerships with local futures.

FAAMA AGM 2025: Concerns of market turbulence with SVAT removal

Fabric and Apparel Accessory Manufacturers Association (FAAMA) held its Annual General Meeting recently, with Husni Salieh of Noyon Lanka appointed as the new Chairman. He will be supported by Vice Chairmen Niroshan Samarasinhe of Stretchline Ltd., and Shahid Sangani of Dynawash Ltd.

The Chief Guest at the event was Board of Investment (BOI) Chairman Arjuna Herath, while Export Development Board (EDB) Chairman and CEO Mangala Wijesinghe graced the occasion as Guest of Honour.

FAAMA represents a diverse membership of key suppliers to the apparel export industry, including manufacturers of fabric, lace, zippers, elastics, bra cups, and packaging materials, etc. In support of Sri Lanka’s ambition to build a robust backward supply chain, the sector has made significant investments in local manufacturing capabilities. Today, FAAMA members contribute close to $ 1 billion in direct and indirect exports and play an essential role in value addition, which currently exceeds 55% in the apparel industry.

In his address, outgoing Chairman Samal Dissanaike raised the growing concerns of his members regarding the impact of the new VAT Act and the scheduled withdrawal of the Simplified VAT (SVAT) system on 1 October. He also stressed on the point that both the BOI and EDB should make every effort to look after the interests of the exporters and the supply chain in the country if the Government’s ambitious export growth targets are to be met in the future.

Dissanaike highlighted two major implications for FAAMA members. Firstly, significant amounts of cash would now be tied up in VAT payments to the IRD as payment for any particular month would now be due on or before the 20th day of the following month. He pointed out that given most companies have their prior agreed customer settlement credit periods of 60, 75, 90 days, etc., the system change would further strain working capital issues and increase financing costs.

Secondly, local suppliers risk becoming less attractive compared to direct imports sourced by apparel manufacturers as this method would prevent their cash being blocked with IRD for a minimum 45-day period. If this trend catches on the locally sourced portion of approx. $ 1 billion could drastically reduce and could also hamper employment in the country in the future.

FAAMA has been in continuous dialogue with both the EDB and BOI on this matter, seeking an equitable resolution.

Export Development Board (EDB) Chairman and CEO Mangala Wijesinghe, while acknowledging the concerns raised by Dissanaike emphasised that FAAMA should focus on Free Trade Agreements (FTAs) already available and try to boost exports. He also mentioned of ongoing efforts for a new FTA with Japan.

Also addressing the gathering, BOI Chairman Arjuna Herath indicated that the Inland Revenue Department (IRD) is giving positive consideration to the inclusion of indirect exporters in the ‘eligible exporter’ category. He emphasised that such a move would be critical to sustaining operations and ensuring the continued viability of businesses within the sector.

With the removal of the SVAT scheme just days away, exporters remain anxious about the IRD’s readiness to process refunds efficiently – a delay that could pose significant challenges to industry cash flow.

However, Herath’s remarks offered FAAMA members a glimmer of hope.

Indo-Lanka Chamber of Commerce and Industry hosts Annual General Meeting

The 17th Annual General Meeting of the Indo Lanka Chamber of Commerce and Industry (ILCCI), affiliated to The Ceylon Chamber of Commerce was held on 26 September, at the Taj Samudra, Colombo.

The proceedings were followed by a fireside chat moderated by ILCCI Immediate Past President Romesh David. The distinguished panel included Indian High Commissioner Santosh Jha, and Brandix Apparel Ltd. Managing Director Hasitha Premaratne.

During the discussion, the High Commissioner emphasised the importance of India and Sri Lanka investing in each other’s economies-not as competitors but as partners in regional growth and expansion. He also discussed Sri Lanka’s role as a transshipment hub and underscored the need to broaden cooperation in the energy sector through joint investments and initiatives.

M. Raghuraman was re-elected as President of the Indo Lanka Chamber of Commerce and Industry (ILCCI). Addressing the membership, he stated that, ‘Over the past year, the relationship between India and Sri Lanka has reached unprecedented heights. The historic visits of President Disanayake to India and Prime Minister Modi to Sri Lanka have reaffirmed our deep bonds and ushered in a new era of cooperation in energy, defence, digital infrastructure, and trade.’

At the AGM, Carson Management Services Director Krishna Selvanathan, and Lanka IOC PLC Managing Director Dipak Das were elected as Vice Presidents, while South Asia Gateway Terminals CEO Romesh David continues as Immediate Past President.

The current Committee of ILCCI comprises Hemas Holdings PLC, Indian Bank, John Keells Holdings PLC, Lanka Ashok Leyland PLC, MAC Holdings Ltd., PGP Glass Ceylon PLC, Sunshine Holdings PLC, TAL Lanka Hotels PLC, together with ILCCI Founder President Mano Selvanathan, the Counsellor – Commercial a

Pine Labs powers multi-currency prepaid forex instrument for BOC

Global fintech platform, Pine Labs Ltd., has announced its partnership with Bank of Ceylon in Sri Lanka. This banking-fintech partnership will enable the bank to issue and manage prepaid multi-currency travel cards to its customers.

Powered by Pine Labs Ltd.’s Credit+ platform, the card issuance technology for the bank built on modular architecture will offer an integrated issuing stack for the bank for issuance of these cards at scale and adhere to the security requirements. This card is a physical card which is issued under the Mastercard scheme and allows Bank of Ceylon to cater to an overseas traveller’s foreign exchange requirements.

The Credit+ platform offers an API-first software solution for issuers to offer debit cards, credit cards, forex cards, prepaid cards, and manage the life cycle of their customers. The platform takes care of end-to-end issuer processing services including consumer onboarding, card issuance, transaction processing, fraud prevention, and collections.

Pine Labs Ltd., CEO B Amrish Rausaid said: ‘From seamlessly managing chargeback processing to tokenisation safeguards, comprehensive authorisation rules, and more, our card issuance Credit+ technology platform for banks and financial institutions is built to comply with the stringent regulatory requirements across various jurisdictions. We are delighted to partner Bank of Ceylon, Sri Lanka’s largest state-owned commercial bank, and power a robust tech-first card issuance experience, for issuance of prepaid multi-currency travel cards to their customers.’

Bank of Ceylon Assistant General Manager (International) Upul Wijayathunga said: ‘Being a Bank who objectively adds values to its customers’ life, Bank of Ceylon introduced the BOC Multi-Currency Travel Card that offers the convenience and safety of carrying multiple currencies in one digital card, allowing the customer to travel overseas freely and transact with confidence at a lower expense than having to bear currency exchange loss. As at date we have successfully issued more than 20,000 cards and we are truly grateful for the services provided by Pine Labs as the Card Management System vendor to manage and control the card operations. Their unwavering commitment to quality and professionalism has significantly contributed to our success. We look forward to continuing this fruitful relationship to enhance the Travel Card issuance globally.’

Credit+ is an API-first, issuing, acquiring and processing technology infrastructure by Pine Labs Ltd., that serves as an open-loop solution for both issuers and acquirers. Its modern technical architecture allows Pine Labs Ltd., to provide a one-stop solution for issuers and acquirers to manage the complete consumer lifecycle, including effortless onboarding, smooth processing, ongoing operations management and engagement. As of 31December 2024, 28 Issuers in 16 countries (including India, Malaysia, Australia, the Philippines, Saudi Arabia, Egypt) have used this platform to issue 71 million accounts for Credit, Debit and Prepaid.

Acting as a unified issuing platform, Credit+ platform offers processing for credit, debit, prepaid, forex and loyalty, enabling a 360-degree view of the end consumer which supports different use cases, including domestic and international cards, travel cards, corporate cards, open loop gift cards, general purpose cards, co-branded cards, and EMI plans. Credit+ enables Issuers and their partners to integrate financial services within their digital platforms to create a single smooth end-user experience to enable numerous Fintech infrastructure workflows for diverse use cases, such as expense management, credit program management, gig economy, digital wallet, rewards, fuel and fleet management, teen and campus cards, travel cards. These APIs can support the entire journey including instant digital onboarding, underwriting, KYCs, physical and virtual card issuance, transactions, card controls, risk management, rewards and customer support workflow.

From Colombo to São Paulo: Tuan Rushdi’s mission to redefine what the blind can truly achieve

We live in a world built for those who can see. From reading street signs to checking our phones, vision shapes almost everything we take for granted. It’s easy to forget how much of life relies on it, until it’s gone. Those who navigate the world without sight do so with a combination of skill, patience, and resilience that most of us rarely recognise.

Tuan Rushdi is not a celebrity. He is not a public figure many would know. He is a representative of a community whose strength often goes unnoticed, someone whose life story offers a window into both the challenges and the possibilities of living and working without sight.

A week into his first job, Tuan lost his eyesight. For most people, such a moment would feel like the end of a dream. For Tuan, it became the start of a mission. Rather than retreating, he leaned into the world, learning to navigate it in new ways, refusing to let his vision define his potential. Today, he works as a consultant for engagement and inclusion at BConnected Pvt Ltd., combining his personal experience, academic training as an Australia Awards scholar, and international exposure to create pathways for blind and low vision professionals in Sri Lanka. This blend of academic knowledge, international exposure, grounded work through the BEmpowered initiative, and lived experience navigating the corporate world positioned him uniquely to speak at a global stage.

In September 2025, Tuan stood at the World Blindness Summit in São Paulo, Brazil. It was the first global meeting on visual impairment held in Latin America, bringing together thousands of participants from 190 countries to discuss advances in inclusion, public policies, accessibility, and new assistive technologies. He presented a model for disability employment built on four pillars: sourcing, training, connecting, and supporting. Drawing on his work with the BEmpowered initiative, which creates real pathways to employment for persons with disabilities, he shared insights into how blind and low vision professionals can be prepared for meaningful corporate careers.

‘Technology is powerful, but it is not enough,’ Tuan said. ‘You can have the best AI tools and screen readers in the world, but if people are not trained to use them in real workplaces, opportunities remain out of reach. Our goal is to make professionals confident, skilled, and ready to work alongside anyone else.’

He also addressed a challenge beyond tools or skills. While many countries have formal strategies and toolkits for inclusion, in Sri Lanka, the bigger hurdle remains societal attitudes. People often underestimate what blind and low vision individuals can do. ‘It is not about disability, it is about ability. When given support and opportunity, blind professionals can lead, innovate, and inspire,’ Tuan said.

Tuan’s own journey reflects this principle. He recalls moments early in his career when colleagues doubted what he could accomplish, and moments when small adjustments and training transformed what seemed impossible into everyday achievement. Each experience became part of his mission to make workplaces more inclusive, practical, and fair.

Standing in São Paulo, addressing a global audience, Tuan was not just sharing a model or an initiative. He was giving a voice to those who rarely get heard, showing that inclusion is not theoretical. It is tangible. It requires training, preparation, and belief in the talent that exists beyond what is visible.

Tuan’s story is a reminder that limitations do not define potential. For workplaces, it is a call to recognise untapped skills and create opportunities for everyone. For society, it is a challenge to rethink assumptions about ability. And for individuals, it is proof that resilience, determination, and the right support can turn a life-altering challenge into a mission that inspires change far beyond oneself.

Sri Lanka completes 5-0 whitewash of Australia

Sri Lanka completed a 5-0 series sweep of the women’s Under-19 T20 series against touring Australia when they won the fifth and final match by six wickets at the Rangiri Dambulla International Cricket Stadium yesterday.

Choosing to bat first Australia managed only 114-6 with the main contributions coming from Emily Powell (33 off 40 balls, 4 fours) and Lucy Finn (35 off 33 balls, 3 fours) who were involved in a 53-run stand for the third wicket. Left-arm spinner Chamodi Praboda was the pick of the Lankan bowlers finishing with 3/16.

Skipper Manudi Nanayakkara played a crucial knock of 34* off 35 balls (5 fours) to steer her team home with 15 balls to spare.

Australia also lost the one-off 50-over match against Sri Lanka and will return home empty handed without a single win on the tour.

Scores: Australia Under-19 Women 114-6 (20) (Emily Powell 33, Lucy Finn 35, Chamodi Praboda 3/16)

Sri Lanka Under-19 Women 115-4 (17.3) (Manudi Nanayakkara 34*, Shashini Gimhani 19*, Shiloh Julien 2/20)