The Opposition needs ideas, not just unity

There is renewed vigour within the country’s Opposition. Meetings are being held, alliances negotiated, and familiar calls for Opposition unity have once again become dominant in the political discourse. Yet, beneath the noise surrounding these coalition-building efforts lies an uncomfortable reality: that there is a striking absence of ideas. Beyond the singular objective of removing the current administration, the emerging Opposition has offered little vision of what it would do differently or how it intends to address the country’s long-standing structural challenges.

The principal force driving this newfound unity appears not to be ideological conviction, but political survival. The disparate parties and personalities, now attempting to come together, have little in common in terms of economic philosophy, governance, or social policy. Their common denominator is the existential fear of legal accountability.

One of the loudest advocates of Opposition unity is MP Dayasiri Jayasekara, who has repeatedly made this point, perhaps more candidly than he intended. On several occasions, he has argued that Opposition parties must unite, because many of their leaders face legal action, particularly over allegations of corruption. At a recent rally promoting Opposition unity, he went even further, suggesting that anyone who has held public office for over two decades is bound to have committed acts that could be construed as the misuse of public funds.

That statement goes to the heart of the political malaise. For decades, the country has tolerated the notion that a certain level of corruption, waste, and abuse of public resources is simply part of governance. Public office was too often viewed as carrying privileges that extended well beyond the responsibilities entrusted by the electorate. Misuse of State resources became normalised rather than condemned.

Examples abound. Former President Ranil Wickremesinghe’s detour to England to attend an event involving his wife, while returning from an official engagement in New York, was widely treated as routine rather than questioned as a matter of public accountability. Likewise, almost every President in recent memory, other than the incumbent, undertook highly publicised ‘pilgrimages’ to Tirupati in South India, accompanied by large State-funded entourages. Such expenditures were accepted as the ordinary perks of office rather than scrutinised as costs ultimately borne by taxpayers.

These incidents are not merely anecdotes. They reflect a broader political culture in which waste and misuse of public funds became so commonplace that many ceased to recognise them as problems.

It is precisely this culture that has contributed to Sri Lanka’s present circumstances. Years of fiscal indiscipline, patronage politics, and the casual treatment of public resources have eroded public trust and weakened State institutions. The electorate’s demand for change was never solely about replacing one Government with another, but replacing a political culture that regarded accountability as optional.

Whether one agrees with every policy of the current administration or not, it is difficult to deny that corruption and accountability have moved closer to the centre of public discourse. Legal action against powerful political figures, once almost unimaginable, has become a routine. That shift reflects a broader public expectation that those entrusted with public office should also be answerable for their conduct.

If the Opposition genuinely wishes to present itself as an alternative Government, it must offer more than solidarity among politicians facing legal jeopardy. It must articulate a coherent vision for economic recovery, institutional reform, public sector efficiency, education, healthcare, and constitutional governance. Most importantly, it must demonstrate that it has learned from the failures of the political culture that brought Sri Lanka to this point.

CDB retain championship crown at MCA T10

Citizens Development Business Finance PLC (CDB) lit up the CCC Grounds on 28 June, retaining the championship of the MCA T10 Cricket Tournament, further etching its record of being unbeaten and showcasing its signature persona of being determined and unstoppable.

Sealing the title without a single loss in the tournament from the first ball to the final cheer, Team CDB skippered by Tharindu Rathnayaka with Vice Captain Dunith Wellalage, both national players, showcased the calibre of a champion side.

Coached by national player Oshadha Fernando, CDB combined star power with relentless team spirit – the perfect combination of experience and youthful energy. CDB’s performance was not just about individual brilliance but about a collective drive that mirrors CDB’s corporate ethos of perseverance, leadership, and excellence.

The final match against the Abans Group was a fitting climax. Chasing 116, CDB powered to 120/4 in just 8.4 overs, sealing victory by six wickets. Vishad Randika rose to the occasion as Player of the Final. Nuwan Thushara’s consistent bowling prowess, including a hat trick – 2 overs, 11 runs, 4 wickets during the semi-finals – earned him the Best Bowler accolade.

This unbeaten run was more than a cricketing triumph. It was a statement by CDB of its dedication to excellence, which extends beyond financial services into fostering a high-performance culture through sports. The championship reinforced the company’s reputation as a leader in the financial sector while celebrating employee engagement, wellness, and community spirit.

CASA’s Diamond Jubilee AGM on Friday

The Ceylon Association of Shipping Agents (CASA) will hold its 60th Annual General Meeting (AGM) on Friday, 24 July 2026, at the Grand Marquee, Taj Samudra Colombo.

The Diamond Jubilee AGM marks an important milestone in CASA’s history, commemorating six decades of service to Sri Lanka’s maritime industry and reaffirming the Association’s commitment to advancing the interests of the shipping agency profession.

The Annual General Meeting will bring together CASA member companies and invited representatives from the maritime, logistics and port sectors. Members will review the Association’s activities for the past year, adopt the Annual Report and Audited Financial Statements, and elect the Office Bearers and Executive Committee for the 2026/27 term.

Established in 1966, CASA is the apex representative body of shipping agents in Sri Lanka. The Association comprises the country’s leading shipping agencies, representing the majority of international shipping lines calling at Sri Lankan ports. Over the past six decades, CASA has played a pivotal role in supporting the growth and development of Sri Lanka’s maritime sector through industry advocacy, stakeholder engagement and the promotion of best practices.

CASA members provide a broad spectrum of maritime services, including liner agency, vessel agency, husbandry, crew management and related shipping services, facilitating international trade and supporting Colombo’s continued development as a premier maritime, logistics and transhipment hub.

Through its sub committees, CASA works closely with Government ministries, the Sri Lanka Ports Authority, Sri Lanka Customs and other public and private sector stakeholders to promote trade facilitation, operational efficiency, digitalisation and policies that strengthen Sri Lanka’s competitiveness as a regional maritime and logistics hub.

Looking ahead, CASA remains committed to supporting initiatives that enhance trade facilitation, accelerate digital transformation, promote sustainability and strengthen Sri Lanka’s position as a leading maritime and logistics hub in the Indian Ocean region.

As CASA celebrates its Diamond Jubilee, the 60th Annual General Meeting represents not only a statutory milestone but also an opportunity to reflect on the Association’s rich legacy and its continued contribution to the advancement of Sri Lanka’s shipping and maritime industry.

As CASA celebrates its Diamond Jubilee, the Association honours the contributions of its past leaders, members and industry partners while reaffirming its commitment to shaping the future of Sri Lanka’s maritime and logistics sector for generations to come

FitsAir renews official airline partnership with LPL for 2026

FitsAir has renewed its partnership with the Lanka Premier League (LPL) as the Official Airline Partner for the 2026 season.

Returning for a second consecutive year, the partnership reflects FitsAir’s continued commitment to supporting national sporting platforms that unite communities, celebrate local talent and strengthen Sri Lanka’s profile on the international stage.

FitsAir Head of Marketing and Communications Shafiya Careem said: ‘The Lanka Premier League has grown into one of Sri Lanka’s premier sporting events, bringing together players, fans and audiences from around the world. We are proud to continue this partnership and support a platform that not only showcases world-class cricket but also strengthens Sri Lanka’s appeal as a destination for tourism, sport and business. At FitsAir, connecting people and creating opportunities remains at the heart of what we do.’

IPG Group Chairman Anil Mohan said: ‘We are delighted to welcome FitsAir back as the Official Airline Partner of the Lanka Premier League. Their continued support reflects a shared commitment to delivering an exceptional tournament experience while helping elevate the league’s international profile. We look forward to building another successful partnership this season.’

The 2026 Lanka Premier League is expected to attract leading international and local cricketers, extensive global broadcast audiences and thousands of travelling fans, reinforcing its position as one of South Asia’s premier T20 tournaments.

FitsAir’s continued association with the tournament aligns with its broader vision of connecting Sri Lanka with the region through affordable, reliable air travel while supporting initiatives that contribute to tourism, economic growth and national pride.

Sri Lanka has opportunity to lead the world’s next digital revolution

Standfirst: Laws define obligations; technology determines whether they can be met. Sri Lanka can be one of the first nations to treat verifiable digital trust as national infrastructure.

For decades, nations have invested in roads, ports, airports and telecommunications because they understood a simple truth: economic growth depends on trusted infrastructure. A container port works because the manifest can be believed. A banking system works because the ledger is accurate. A land title has value because the record behind it is sound. Infrastructure is, at bottom, a machine for producing confidence between strangers – and confidence is what commerce is made of.

Today a new form of infrastructure is emerging. It is built not from concrete and steel but from cryptography, digital identity, secure data management and verifiable trust.

Sri Lanka has an opportunity to become one of the first nations to treat it the way an earlier generation treated electrification: not as a technology purchase, but as national infrastructure.

Past decade of the digital economy

Consider what the past decade of the digital economy has actually taught us. Almost every major data breach, on every continent, has shared a single root cause: an organisation held information it could read, and someone else got in. The names change – a telecommunications provider one year, a health insurer the next, a credit bureau the year after – but the architecture of failure is identical. We built the digital economy on custodians: institutions that hold our data in readable form and promise to protect it. Each of those promises is only as strong as the custodian’s weakest credential on its worst day.

This is not an argument that institutions are careless. Many of the organisations breached in recent years spent heavily on security and employed capable people. It is an argument that the custodial model itself is reaching its limits. Data held in readable form is a target precisely because it is readable; and once it is exposed, no remediation is possible – information, unlike money, cannot be recalled. Cyber-attacks, AI-assisted intrusions and ransomware are growing in sophistication faster than defensive spending can answer. The challenge is no longer simply keeping data secure. It is proving that information can be trusted at all.

Sri Lanka has already taken the legislative step. The Personal Data Protection Act, No. 9 of 2022 is an important milestone, and it places the country among the early movers in South Asia. But legislation alone does not protect information. Laws define obligations; technology determines whether those obligations can realistically be met. A statute can require an organisation to safeguard personal data. It cannot, by itself, change the architecture that makes that data vulnerable.

Class of technologies

There is now a class of technologies that changes what is realistic. Zero-knowledge proofs – a cryptographic method by which one party can prove a statement is true without revealing the information behind it – together with decentralised identity and privacy-preserving verification, allow organisations to verify what they need to know without exposing what they hold. The shift sounds technical, but it is conceptually simple and profound: from trusting institutions to verifying facts.

What does that mean in practice? A hospital can prove a patient’s record is intact and unaltered without building a central archive that becomes a national target. A bank can verify a customer’s identity without warehousing copies of the documents that prove it. A land registry entry can carry mathematical proof of its own integrity. A Government service can confirm a citizen’s entitlement without duplicating the citizen’s file into yet another database. In each case, compliance becomes easier to demonstrate, audit trails become stronger, and privacy stops being a policy promise and becomes a property of the system itself.

Well placed to move early

Sri Lanka is unusually well placed to move early, for a reason that is easy to miss: it carries less legacy than the economies it is often compared with. Nations that digitised first are now locked into decades of custodial architecture – sprawling systems that must be painstakingly retrofitted. Sri Lanka has repeatedly demonstrated an ability to leapfrog traditional development pathways, moving directly to the current generation of technology rather than replicating the last one. The national systems now being designed and modernised – in healthcare, finance, land administration and digital Government – can be born verifiable, rather than expensively converted later. That is not a consolation prize for late development. It is a genuine structural advantage.

There is an economic dimension as well. Trust, once it becomes demonstrable, becomes exportable. The jurisdictions that can prove the integrity of their records, their registries and their data flows will find it easier to attract the industries that depend on such proof – financial services, health research, digital trade. And the standards for this new infrastructure are being written now. Countries that adopt early do not merely benefit from the technology; they help set the norms that others will later adopt. A nation of Sri Lanka’s size cannot outspend the large economies, but on infrastructure of this kind it does not need to. It needs to move earlier and commit more clearly.

None of this requires a leap of faith in any single product or vendor, and it should not be built on one. It requires something governments already know how to do: treat a foundational capability as infrastructure, set standards for it, and let public systems lead by example.

The next digital revolution will not be defined only by artificial intelligence. Artificial intelligence, if anything, raises the stakes of an older question – whether the data underneath can be trusted at all. The nations that invest in trusted digital infrastructure today will shape the digital economy for decades to come. Sri Lanka has every opportunity to be one of them.

Courier Express Parcel Association convenes 32nd Annual General Meeting

The Courier Express Parcel Association of Sri Lanka (CEPAC), the premier representative body of the courier express sector in Sri Lanka, successfully held its 32nd Annual General Meeting (AGM) on 03 July 2026 at the Ramada, Colombo.

At the AGM, the membership reappointed SCS Express Ltd., Nishantha Rathmalvinna as President, Capitol Overseas Courier Service Ltd., Mazeer Mohideen as Vice President (I), Antron Express Ltd., Sonali De Silva as Vice President (II), SCS Express Ltd., Viranna Fonseka as Assistant Secretary and Dreamco Express Ltd/. Manoj Enoch as Treasurer.

Global Parcel Delivery Ltd., Chaminda Mallawa continues to serve as the Immediate Past President, reaffirming the membership’s confidence in the Association’s leadership and its commitment to advancing the courier express industry in Sri Lanka.

The Executive Committee elected for the 2026/27 term comprises Fayaz Fuard (Fits Express), as Secretary, Sudheera Senarathne (RPX MAC Express) as Assistant Treasurer, and Andre Fernando (RPX MAC Express) as an Executive Committee Member.

During the AGM, members reviewed the Association’s activities and key achievements over the past year, reflecting on CEPAC’s initiatives to address industry concerns and support the continued development of the courier express sector. The President conveyed his appreciation to the Executive Committee members and the Secretariat for their dedication and contributions to the Association throughout the year.

CEPAC continues to play an active role in promoting collaboration, industry best practices, and the sustainable development of Sri Lanka’s courier express sector. The meeting concluded with a reaffirmation of the Association’s commitment to supporting the sector’s continued growth and enhancing the value it delivers to its members.

People’s Bank joins 2nd Data Privacy and Protection Summit 2026 as Exclusive Banking Partner

People’s Bank has been announced as the Exclusive Banking Partner for the 2nd Data Privacy and Protection Summit 2026, reinforcing its commitment to safeguarding customer data and leading the financial sector’s compliance with Sri Lanka’s Personal Data Protection Act (PDPA).

The Summit, organised by CICRA and the Daily FT, will take place on 23 July at the Oak Room, Cinnamon Grand Colombo.

As the nation’s trusted financial partner, People’s Bank processes vast amounts of sensitive personal and financial information across its extensive network.

Data protection is not merely a regulatory requirement but a cornerstone of the trust that millions of Sri Lankans place in the bank. With the PDPA enforcement drawing nearer, People’s Bank is taking proactive steps to ensure its robust security and privacy frameworks evolve to meet the new legal and ethical standards, positioning itself as a leader in data governance within the financial sector.

The 2nd Data Privacy and Protection Summit 2026 provides a vital platform for understanding the evolving landscape of privacy, security, and compliance, particularly as Artificial Intelligence (AI) enablement transforms the threat landscape. The partnership underscores People’s Bank’s proactive approach to protecting its customers and its role as a responsible data controller under the imminent PDPA. By joining the Summit, the bank signals its commitment to learning from global best practices, including AI-driven solutions like Concentric AI, and building a proactive defence strategy that protects the integrity of the nation’s financial ecosystem.

CICRA Group Director/CEO Boshan Dayaratne said: ‘We are happy to welcome People’s Bank to the 2nd Data Privacy and Protection Summit as our Exclusive Banking Partner. In today’s digital economy, data is the new currency. For a commercial bank, robust data protection is not optional; it is the bedrock of customer confidence and operational integrity. We appreciate People’s Bank for taking this initiative and for demonstrating foresight in preparing for the PDPA. Their presence elevates the Summit, bringing the critical perspective of Sri Lanka’s banking sector into the national conversation on data privacy.’

People’s Bank CEO/GM Clive Fonseka said: ‘At People’s Bank, we have always upheld the highest standards of security and privacy-values that are fundamental to our service. As we approach the full enforcement of the PDPA, we are committed to going beyond compliance to lead by example. Joining the 2nd Data Privacy and Protection Summit as the Exclusive Banking Partner aligns with our mission to protect the personal and financial data of our customers. We look forward to collaborating with industry experts and policymakers to ensure our practices not only meet regulatory requirements but also reinforce the trust that defines our relationship with the people of Sri Lanka.’

Both Government institutions and private sector organisations have a shared responsibility in protecting citizen and customer data. With PDPA enforcement imminent, public sector data controllers and private enterprises alike must act now to avoid penalties, reputational damage, and security breaches. This Summit offers a unique opportunity to learn from global AI-driven solutions like Concentric AI, understand regulatory obligations, and build a proactive defence strategy.

Registration is now open, with participants invited to register via www.cicrasummit.lk. All Data Protection Officers, IT security professionals, Government officials, and business leaders are encouraged to attend.

Govt. steps up logistics push with ports, airports pipeline

The Government last week signalled a stronger focus on logistics infrastructure ahead of Budget 2027, with President Anura Kumara Dissanayake reviewing a pipeline of port and aviation projects aimed at expanding capacity, improving operational efficiency and strengthening Sri Lanka’s position as a regional logistics hub.

According to the President’s Office, chairing a pre-Budget review of Ports and Civil Aviation Ministry, the President assessed the progress of projects under the 2026 Budget and proposals for next year’s fiscal plan, covering the Sri Lanka Ports Authority, Airport and Aviation Services (Sri Lanka), SriLankan Airlines, the Civil Aviation Authority of Sri Lanka and other State institutions.

On the maritime front, discussions centred on the proposed Colombo Logistics Park, the southern breakwater extension, Phase II of the Western Container Terminal (WCT) and the digitalisation of port operations to improve efficiency. Officials also updated the President on projects under the Sri Lanka Ports Development Program, financed by the World Bank, the Asian Development Bank and the Government of India, including the rehabilitation of Kankesanthurai Port.

The aviation agenda was led by a long-term development plan for Bandaranaike International Airport (BIA), with officials outlining investments designed to meet Sri Lanka’s aviation requirements over the next 30 years. The plan aims to increase the airport’s annual passenger handling capacity to 24.2 million by 2055.

Under Phase II of the BIA Development Project, scheduled for completion in 2027, the existing arrival and departure terminals will be expanded, a new terminal building constructed and depot facilities enhanced. The President also directed officials to improve passenger transport services in and around the airport and accelerate the digitalisation of airport services in collaboration with the Ministry of Digital Affairs.

The three-year development program aims to increase the airport’s annual passenger handling capacity to 24.2 million by 2055, officials told the President during the review.

The meeting also highlighted the commercial challenges facing Mattala International Airport. Officials said the airport continues to incur losses of between Rs. 6 million and Rs. 7 million a day, amounting to approximately Rs. 4 billion annually, and presented alternative proposals to improve its viability. They added that the process of evaluating investment proposals for the airport is expected to be completed by 2027.

The President also reviewed development work at Hingurakgoda and Jaffna airports, directing the Ministry of Ports and Civil Aviation and the Sri Lanka Air Force to establish a more effective coordination mechanism for civil passenger operations and prepare a joint assessment of the operational requirements of each domestic airport.

‘The institutions concerned should utilise their financial strength effectively and manage funding for future development projects in a manner that maximises their contribution to the State Treasury without placing an additional burden on taxpayers,’ the President said.

CMA Sri Lanka National Management Accounting Conference 2026 kicks off

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) will host the CMA Sri Lanka National Management Accounting Conference 2026 on 20 and 21 July at Cinnamon Life, The Forum, Colombo.

The Conference, themed ‘Crisis, Stability, and Growth – A Management Accounting Lens,’ will bring together distinguished local and international professionals, policymakers, academics, business leaders, and members of the accounting profession to explore the evolving role of management accounting in addressing global challenges and supporting sustainable economic growth.

The Conference will commence with the inaugural session 20 July, followed by a full day of technical sessions on 21 July.

Prime Minister Dr. Harini Amarasuriya will be the Chief Guest at the inaugural session today. CPA Australia President Prof. Dale Pinto will deliver the keynote address while Canadian High Commissioner Isabelle Martin and Cost and Management Accounting Expert A.N. Raman will deliver special addresses.

The event is designed to provide a platform for knowledge sharing, professional dialogue, and strategic insights into how management accountants can contribute to organisational resilience, economic stability, and long-term value creation.

The evening will include a welcome address by CMA Sri Lanka Founder and President Prof. Lakshman R. Watawala, highlighting the importance of management accounting professionals in navigating uncertainty, strengthening organisations, and contributing towards national economic progress.

The Conference will also feature an address by the South Asian Federation of Accountants (SAFA) President Mohammed Humayun Kabir, emphasising regional cooperation and the evolving responsibilities of accounting professionals in South Asia.

A special guest address titled ‘Powering Stable Economic Growth through Cost and Management Accounting’ will be delivered by SAFA Past President and CMA Sri Lanka Advisory Council Member A.N. Raman. His address will focus on the strategic contribution of cost and management accounting practices in improving productivity, competitiveness, and sustainable economic performance.

The Conference will further recognise the longstanding partnership between Canada and CMA Sri Lanka through an address by Canadian High Commissioner Isabelle Martin. The collaboration between CMA Sri Lanka and Canadian professional institutions has played a significant role in strengthening management accounting education, professional standards, and capacity building in Sri Lanka.

A significant highlight of the inaugural session will be the recognition of outstanding contributions to the accounting profession through several special awards and acknowledgements.

The CMA Certified Management Accountant Journal will be officially released during the Conference. The journal will feature valuable insights on developments in management accounting and highlight key aspects of the Conference.

The Golden Anniversary Awards will recognise members who have completed 50 years of service in the accounting profession honouring their dedication, commitment, and contribution towards professional and business excellence during this period.

The CMA Business Excellence Awards 2026 will recognise outstanding CMA members for their professional achievements, leadership, and contribution to the business community.

In addition, Merit Awards for CMA Qualified Members will be presented to recognise their excellence, commitment, and contribution to the growth and development of management accounting.

The Conference will also recognise and appreciate the valuable support extended by sponsors whose contributions have been instrumental in the successful organisation of this prestigious national event.

The inaugural session will conclude with a keynote address by CPA Australia President and Chair Professor Dale Pinto, who is also a John Curtin Distinguished Professor at Curtin Law School.

Prof. Pinto’s keynote will provide an international perspective on the changing landscape of the accounting profession, the importance of ethical leadership, and the role of professional accountants in creating sustainable value in an increasingly complex global environment.

The technical sessions will be coordinated and introduced by Kelaniya University Department of Marketing Management Head of the Department/Senior Lecturer Dr. Sugeeth Patabendige. As the Coordinator for the Technical Sessions, Dr. Patabendige will brief participants on the objectives, structure, and key themes of technical sessions, providing an overview of the discussions and highlighting their relevance to the current business environment.

The sessions will provide participants with practical knowledge and insights into how management accounting tools and techniques can support organisations in managing crises, achieving stability, and driving sustainable growth.

The CMA Sri Lanka National Management Accounting Conference 2026 will serve as a landmark professional gathering, reinforcing the vital role of management accountants as strategic partners in building resilient organisations and contributing towards sustainable economic development.

Former UNP Councillor remanded over alleged Rs. 160 m cheque fraud

Former United National Party (UNP) Horana Municipal Councillor Renuka Damayanthi has been remanded until 21 July after being arrested over the alleged defrauding of six Pettah textile businessmen of nearly Rs. 160 million through dishonoured cheques.

According to reports, the suspect had been evading the complainants for some time. After receiving information that she was at the UNP headquarters, Sirikotha, on Saturday (18), the businessmen went to the premises, where an altercation reportedly ensued.

The Mirihana Police intervened and detained all parties involved. During questioning, the businessmen lodged formal complaints against the former Councillor, following which the Mirihana Police handed the suspect over to the Wattala Police for further investigation.

The suspect was produced before Wattala Acting Magistrate Merril Boteju yesterday (19), who ordered that she be remanded until 21 July.