Budget 2026 built on clean politics, inclusivity, production-led growth: Dr. Fernando

Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando said that the Budget 2026 was formulated on the principles of clean politics, inclusivity, and sustainable growth, aiming to strengthen investor confidence while ensuring no citizen is left behind in economic recovery.

Delivering the keynote address at the post-Budget discussion organised by EY Sri Lanka recently, he said the Government has maintained ‘clean politics’ as a core principle in preparing the Budget 2026, which he described as essential to creating a conducive environment for investors and social stability.

Dr. Fernando said that the political sphere plays a decisive role in shaping the country’s economic direction, and that the current administration has upheld transparency and avoided conflicts of interest in governance.

‘The political environment is crucial for maintaining a social contract that supports investment and confidence. This Budget, too, was framed under those same principles,’ he said.

Highlighting the qualitative and inclusive nature of the Budget, the Deputy Minister urged stakeholders to look ‘beyond the numbers,’ noting that even small allocations in social protection and welfare programs are designed to ensure that ‘no one is left behind.’

He said the Budget 2026 is woven around six key strategic objectives; achieving medium-term growth above 7%, ensuring inclusivity and sustainability, strengthening the external sector, promoting a production-based economy, driving digitalisation, and building a skilled and adaptable human resource base.

The Deputy Minister highlighted the importance of promoting local production, clarifying that the Government’s objective is not to restrict imports, but to encourage production that complements investment and industrial inputs.

On the external sector, Dr. Fernando stressed the need for greater export diversification in both products and destinations, as Sri Lanka has been reliant on the same export items for decades.

He also said the Government remains committed to debt sustainability, describing it as ‘a given situation that must be managed prudently within the existing framework.’

On the human capital front, he said that investments in education, vocational training, and health are intended to create a multi-skilled workforce capable of driving innovation and productivity.

He also noted that rural development forms a key part of the inclusivity agenda, with Rs. 25 billion allocated for grassroots-level programs under newly formed Community Development Councils, which will involve local residents and professionals in planning and implementation.

‘Under the leadership of President Anura Kumara Dissanayake, we are now at a stage where stabilisation has been achieved. The next step is to move towards inclusive, sustainable growth where all citizens can share in the country’s prosperity,’ he said.

Vantage partners CR & FC to power spirit of rugby

In a dynamic show of partnership between sport and style, Vantage, the flagship brand of Ebony Holdings Ltd., has joined hands with Ceylonese Rugby and Football Club (CR and FC) as the Main Sponsor for the 2025/26 rugby season. The official jersey launch, held at the CR and FC Grounds in Colombo 07, celebrated a renewed commitment to strengthening Sri Lanka’s rugby culture through the enduring values of courage, unity, and teamwork.

Furthermore, Vantage unveiled 250 limited-edition premium shirts exclusively for CR and FC members, showcasing the brand’s craftsmanship and the club’s prestige. Proceeds from the initiative support CR and FC’s rugby development, celebrating tradition and the shared spirit of excellence that defines this enduring partnership.

The event, attended by distinguished guests including CR and FC President Tikiri Ellepola, representatives of Sri Lanka Rugby, sponsors, and members of the media, marked a milestone moment in the Club’s rich sporting heritage. The evening featured the unveiling of the official team jersey, sponsor felicitation, and special addresses from partner representatives, setting the tone for a spirited new season of rugby. This collaboration reflects Vantage’s commitment to promoting local sports and supporting the passion, strength, and teamwork that define the game of rugby.

Speaking at the event, Ebony Holdings Deputy Director Umar Rasmy shared his thoughts on the collaboration:

‘Rugby is a sport built on courage, unity, and determination, values that resonate strongly with who we are as a brand. Our partnership with CR and FC is about energising the game and empowering players to perform with pride for the betterment of the nation.’

Also present were representatives from the Club’s co-sponsors, Asia Security Group, TVS Lanka Ltd., Sport Nutrition Hub Ltd., and Fintrex Finance PLC, each contributing to the shared vision of uplifting Sri Lankan rugby.

As the CR and FC players take the field this season clad in Vantage colours, the partnership stands as a celebration of passion, precision, and performance, both on and off the field.

Ananda Walpita joins Lee Hedges Board

Lee Hedges PLC has appointed Ananda Rajiv Walpita to its Board as an Independent Non-Executive Director.

Walpita is an Associate Member of the Institute of Chartered Accountants of Sri Lanka and an Associate Member of the Chartered Institute of Management Accountants, UK. He is also a Registered Company Secretary.

He counts over 35 years’ experience in the Accounting and Company Secretarial fields. In addition to being engaged in providing company secretarial services to many clients both in Sri Lanka and overseas, he is a Director of The Centre for the Advancement of Resource Mobilisation and Country Representative of Credit Check Partners of Mumbai.

Dialog posts consistent Q3, strong YTD 2025 performance

Dialog Axiata PLC announced strong results for the nine months ended 30 September 2025, across its Mobile, Fixed Line and Digital Pay Television businesses, achieving positive revenue growth of 6% year-to-date (YTD) to reach Rs. 133.1 billion for the first nine months of 2025.

This was despite the continued strategic scaling down of its low-margin international wholesale business. Core revenue for the period reached Rs. 128.9 billion up 18% YTD. On a quarter-on-quarter (QoQ) basis, revenue increased 4% to Rs. 45.7 billion, driven primarily by data revenue expansion.

Group Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) recorded a growth of 40% YTD to Rs. 62.9 billion in 2025, with EBITDA growing by 8% QoQ to Rs. 22.5 billion. The strong performance reflects both revenue growth and operational efficiencies, the company said. The EBITDA margin improved by 11.3 percentage points compared to the same period in 2024, reaching 47.3%, marking a significant recovery and surpassing pre-crisis margin levels.

Group Net Profit After Tax (NPAT) was recorded at Rs. 14.9 billion in 2025, more than doubling YTD. QoQ NPAT grew by 12% to Rs. 5.7 billion, supported by improved EBITDA. In line with improved operational performance, Operating Free Cash Flow (OFCF) improved by 92% YTD to Rs. 37.1 billion.

At the entity level, Dialog Axiata PLC (the ‘Company’) continued to account for a substantial share of Group performance, contributing 76% of Group Revenue and 74% of Group EBITDA. Company revenue reached Rs. 100.1 billion for YTD 2025 and Rs. 35 billion for Q3 2025, up 22% YTD and 4% QoQ, driven by growth in Data and Voice segments. Profitability improved significantly, with Company EBITDA rising to Rs. 46.5 billion for YTD 2025 and Rs. 17 billion for Q3 2025, up 53% YTD and 11% QoQ. Supported by this EBITDA performance, Company NPAT was recorded at Rs. 11.3. billion for YTD 2025 and Rs. 4.4 billion for Q3 2025, reflecting over 4x growth YTD and 10% QoQ.

Dialog Television (‘DTV’) consolidated its leadership position in the Digital Pay Television market, maintaining a subscriber base of over 1.6 million as of end-September 2025. DTV revenue reached Rs. 9.7 billion for YTD 2025 and Rs. 3.3 billion for Q3 2025, up 8% YTD and 2% QoQ. Growth was supported by higher Subscription and Advertising revenues. DTV EBITDA grew 37% YTD to Rs. 2 billion for YTD 2025; however, NPAT was recorded at a negative Rs. 0.5 billion for the period improving 29% YTD.

Dialog Broadband Networks (‘DBN’), encompassing the Group’s Fixed Telecommunications, Broadband, and International Businesses, posted revenue of Rs. 25.9 billion for YTD 2025 and Rs. 8.5 billion for Q3 2025, down 32% YTD and up 2% QoQ. This YTD decline was primarily due to the scaling down of low-margin international wholesale operations. Nevertheless, DBN EBITDA increased 15% YTD to Rs. 14.4 billion for YTD 2025, driven by growth in Broadband business. NPAT recorded a growth of 51% YTD to Rs. 4.3 billion.

Dialog Group remained a major contributor to national revenue, remitting Rs. 41.9 billion to the Government YTD 2025. This comprised Rs. 9.3 billion in Direct Taxes and Levies, and Rs. 32.6 billion in Consumption Taxes collected on behalf of the GoSL.

The Group continued to invest in broadband and ICT infrastructure to ensure seamless customer experience and maintain market leadership. Capital expenditure on digital infrastructure amounted to Rs. 14.2 billion for the first nine months of 2025.

Dialog has expanded its 5G trial network to cover 15 districts across Sri Lanka, reaffirming its leadership in next-generation connectivity and its commitment to advancing the nation’s digital transformation. With this expansion, Dialog continues to operate Sri Lanka’s largest 5G trial network, providing extensive coverage across all regions of the country.

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has recently announced that the 5G spectrum auction will take place towards the end of the year, marking a key milestone in enabling the nationwide commercial rollout of 5G services.

Following the merger announcement in July 2024, Airtel’s integration was completed seamlessly, with network integration achieved within just 100 days and full IT integration finalised by July 2025. The process, executed entirely in-house, delivered early operational synergies with no loss of revenue or customers.

In Q3 2025, Dialog was honoured with three prestigious titles at LMD’s Awards Night 2025, recognising the company’s continued market leadership, brand excellence, and unwavering commitment to delivering superior service experiences while fostering meaningful relationships with Sri Lankan consumers and businesses alike. The accolades included recognition as Sri Lanka’s No. 1 Service Brand for both 2024 and 2025, as well as recognition as one of the nation’s leading corporate brands in 2025.

Further reaffirming its leadership in corporate responsibility, Dialog also received the National Award for ‘Best DEI Initiative’ at the DEI Champions Awards 2025, organised by the Ceylon Chamber of Commerce. This honour underscores the company’s long-standing commitment to cultivating an inclusive workplace where every individual is valued, supported, and empowered to thrive.

Havies and Sailors settle for draw at Park

Havelock Park witnessed a fantastic opener for the Inter Club Rugby League 2025/2026 last evening as Havelock SC and Navy SC played out a thrilling 31/31 draw.

At the short breather it was the Sailors who were leading 24/10.

Navy SC accumulated their 31 points through four tries, four conversions, and a penalty, while the hosts crossed the whitewash five times and added three conversions. The evenly matched scoreboard reflected a contest filled with momentum swings and individual brilliance on both sides.First half belonged to the Sailors who put up a brave effort but the latter half it was the Park Club domination and never give up attitude was witnessed.

The opening half showed Navy SC’s growing reputation as a side to watch this season. Often underrated by rival clubs, the Sailors produced a commanding first-half performance built on structure, discipline, and precision. They surged ahead to a 24/10 lead at the break, demonstrating exceptional composure under pressure.

Their attack was sharp and clinical as skipper Denuwan Wickremarachchi powered over for two tries, while Isuru Perera and Isuru Conghawatte added one each. Conghawatte contributed significantly off the tee, converting all four tries and slotting in a well-struck penalty. Navy’s ability to sustain pressure and exploit gaps served notice that they intend to be major contenders this season.

Havelock SC, however, refused to be overshadowed. Although they managed only two unconverted tries in the first half, the Park Club regrouped superbly after halftime. With renewed purpose, they unleashed a relentless assault, scoring 21 points through tries by Abdullah Faiz, Ajmir Fajudeen, Jayathu Rajarathna, Theekshana Dassanayake, and Chatura Dilshan, with skipper Sandesh Jayawickrema adding three conversions.

Just when Havies seemed poised to snatch victory, Navy produced a final surge. In the dying moments, the Sailors struck with a decisive try and conversion to level the scores, showcasing resilience and belief. Wickremarachchi, Conghawatte, and Thilina Weerasinghe were standouts for Navy, while Rifan, Fajudeen, and Jayawickrema impressed for the hosts.

Referee Gihan Yatawara controlled the game which was played in semi darkness towards the late second half before the Park Club lights were switched on.

Today there will be two more matches down for decision. Sri Lanka Air Force will host Sri Lanka Army while in the other game Sri Lions SC will be the hosting team against CR and FC at Longdon Place.

Oracle of Omaha, value investing icon Warren Buffett to retire at 95

Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, ending a leadership run of more than 60 years. The 95-year-old investor, born on 30 August 1930, transformed Berkshire from a failing textile operation into a US conglomerate valued at about $ 880 billion, with interests in insurance, rail, utilities, energy, retail, and manufacturing. His reputation as the ‘Oracle of Omaha’ and his disciplined, value-oriented approach shaped modern investing.

Buffett will retire as CEO on 31 December 2025, and Vice-Chairman Greg Abel will assume the role on 1 January 2026. Buffett will stay on as board Chairman, while Abel, who has overseen all non-insurance businesses since 2018, continues managing operations.

Berkshire’s cash reserves stand at roughly $ 382 billion, the largest corporate cash position in the US. Apple Inc. remains the company’s biggest equity holding despite recent reductions. Buffett’s lifetime charitable giving now exceeds $ 60 billion, including a $ 1.3 billion contribution in November 2025 to four family foundations.

Buffett’s annual letters, partnership with Charlie Munger, and long-term investment philosophy have had enduring influence on markets, corporate governance, and philanthropy.

Babar’s century seals ODI series for Pakistan

RAWALPINDI: Babar Azam scored his 20th ODI century to equal the Pakistan record for the most in this format to help Pakistan seal the second ODI against Sri Lanka with a dominant 8-wicket win at the Rawalpindi Cricket Stadium yesterday.

The win gave Pakistan an unassailable 2-0 win in the three-match series.

The day began with a smart decision from Pakistan’s stand-in captain Salman Aghar (who substituted for Shaheen Afridi who did not play due to illness) to bowl first. Sri Lanka saw a few batters get starts, but Abrar Ahmed’s strikes through the middle-overs stalled their momentum. The visitors recovered somewhat through valuable contributions from their lower-middle order, with Janith Liyanage and Kamindu Mendis stitching together an important stand that helped them edge towards a competitive total of 288-8.

However, on a batting-friendly Rawalpindi surface, that total was never going to be enough. Pakistan’s openers Fakhar Zaman and Saim Ayub began positively posting 77 off 58 balls, aided by Sri Lanka’s costly wides in the powerplay and poor catching. Ayub fell after a quick start for 33, but Fakhar and Babar steadied the innings with composed batting, putting Pakistan firmly in control with a stand of 100 off 127 balls. Fakhar dropped three times on 20, 28 and 78 went on to score 78 off 93 balls (8 fours, 1 six).

Then the seasoned duo of Babar and Mohammad Rizwan took over in a fine partnership for the third wicket of 112* off 105 balls to see Pakistan home. Player of the Match Babar displayed his trademark elegance reaching his 20th century and his first in international cricket in 83 innings. He made the winning runs to remain unbeaten on 102 off 119 balls (8 fours). Babar equalled Saeed Anwar’s record for the most number of centuries in ODIs for Pakistan. Rizwan anchored confidently from the opposite end and completed his 18th ODI fifty off 54 balls (5 fours, 1 six). Together the experienced pair held their nerve at a crucial moment and eventually steered Pakistan to victory in the 49th over.

Sri Lanka came up with a very similar batting effort to their first ODI, where several batters got starts but none went on to play a defining innings. The openers Pathum Nissanka and Kamil Mishara put together a 51-run stand for the second game in a row, yet the middle order once again failed to capitalise. Seven batters reached 20, but only Janith Liyanage managed to cross fifty – 54 off 63 balls (2 fours, 1 six). Liyanage was involved in two promising partnerships – 61 off 62 balls with Sadeera Samarawickrama (42 off 52 balls, 3 fours, 1 six) and 73 off 65 balls with Kamindu Mendis (44 off 38 balls, 4 fours, 2 sixes) that did offer some stability. But Liyanage and Kamindu both fell in successive overs, stalling any momentum Sri Lanka hoped to build. Sri Lanka’s habit of losing wickets in clusters continued to haunt them. Three wickets fell for 12 runs off 11 balls. Wanindu Hasaranga (37* off 26 balls, 3 fours) found a few boundaries towards the end and got Sri Lanka to 288-8, a par score on this wicket. Abrar Ahmed returning to the side after missing the first game was outstanding for Pakistan, returning figures of 3/41, and it was his breakthroughs in the middle overs that really tightened the screws.

The third and final ODI will be played at the same venue on Sunday.

Cabinet approves construction of new fuel tanks to ensure 45-day petroleum stock

In a move to strengthen the country’s fuel security, the Cabinet of Ministers this week approved constructing new storage tanks and replace aging ones at the Kolonnawa and Muthurajawela terminals, enabling the Ceylon Petroleum Storage Terminal Company (CPSTL) to maintain a minimum petroleum stock sufficient for 45 days.

It was approved to finance the project using CPSTL’s own funds, recognising the critical importance of ensuring a continuous and stable supply of petroleum products across the country.

The CPSTL has initiated several major infrastructure projects to enhance the country’s fuel storage capacity and ensure uninterrupted supply.

‘Under this initiative, six new tanks with a combined capacity of 64,000 cubic meters are currently under construction at the Kolonnawa terminal, while the procurement process has begun for the construction of three additional tanks with a total capacity of 40,000 cubic meters at the Muthurajawela terminal,’ Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing on Tuesday.

In addition, the company plans to replace two existing tanks-Nos. 30 and 31 at Kolonnawa, with new tanks of 7,000 cubic meters and 15,000 cubic meters capacity respectively. ‘These replacements are aimed at modernising facilities and maintaining operational safety and reliability,’ he added.

The proposal to this effect was submitted by Power Minister Eng. Kumara Jayakody.

China’s poverty reduction story: A magnificent chapter in global development

The story of China’s poverty reduction is a splendid epic etched into the land of China and a magnificent chapter in the cause of global development. Through arduous efforts, the Chinese people have fought and won the largest battle unprecedented in intensity and scale against poverty in human history, benefiting the largest number of people. With the success of poverty alleviation, we have achieved moderate prosperity, the millennia-old dream of the Chinese nation. China’s successful experience in poverty reduction has also boosted the confidence and hope of other developing countries, contributing China’s wisdom and strength to a prosperous and better future for the whole world.

I. What miracles has China created in poverty reduction?

China’s strength: Making a profound difference in people’s lives. When the People’s Republic of China was founded in 1949, the per capita national income was only $ 27, and the majority of the Chinese population lived in extreme poverty. In 1978, there were 770 million people living below the poverty line in rural areas, and the incidence of poverty was as high as 97.5%. It was rare in the world to see such a large population plagued by deep poverty. Over the past 76 years, the Chinese Government has given top priority to poverty alleviation and led the Chinese people in making unremitting efforts to reach this goal. By the end of 2020, a total of 832 impoverished counties and 98.99 million poor rural residents living under the current poverty line had been lifted out of poverty, and all 128,000 impoverished villages had been removed from the poverty list. We have, once and for all, resolved the problem of absolute poverty in China, which is a remarkable success that has greatly impressed the world.

China’s speed: Getting things done at a fast pace. When China started the battle against poverty in late 2012, the poverty incidence rate was 10.2%. Nearly 100 million underprivileged people lived primarily in deeply impoverished areas. In just 8 years, China broke down the ‘strongholds of poverty’ by enabling all the impoverished people to rise from poverty. On average, more than 12 million people were lifted out of poverty each year, equivalent to the population of a medium-sized country. This means that roughly 1 million people each month, or 1 person every 3 seconds, were lifted out of extreme poverty. The per capita GDP rose from $ 6,300 to $ 13,800, with an average annual growth rate of 8.1%. The Chinese people rolled up their sleeves and kept forging ahead rain or shine, achieving the remarkable ‘China speed’ through great determination, tenacious efforts and extraordinary measures.

China’s warmth: Putting people first. Whether a moderately prosperous society can be achieved depends on the living standards of the people. We have always put our people first, focusing on their pressing concerns, and working to improve public wellbeing. We have ensured that all the impoverished people have adequate food and clothing, and have access to compulsory education, basic medical services, and safe housing. In 2024, the retention rate of the nine-year compulsory education was 95.9%, and the participation rate in the basic medical insurance system among low-income rural residents and those lifted out of poverty was over 99%, ensuring that people have access to affordable medical services. Rural infrastructure has been continuously improved. All towns and villages in China have paved roads. 4G network covers 100% of rural areas, while 5G network covers 90%. Around 96% of villages have access to tap water. The poor have seen tremendous improvements in their lives. The ‘Cliff Village’ in Liangshan, Sichuan Province, which was once isolated from the outside world, has been transformed from only having vine ladders to steel ladders and then to stairways, epitomising the successful transformation of ‘the poorest corner of China’. Remarkably, in China’s battle against poverty, not a single poverty-stricken area or household is left behind. When China started the battle against poverty in late 2012, the poverty incidence rate was 10.2%. Nearly 100 million underprivileged people lived primarily in deeply impoverished areas. In just 8 years, China broke down the ‘strongholds of poverty’ by enabling all the impoverished people to rise from poverty. On average, more than 12 million people were lifted out of poverty each year, equivalent to the population of a medium-sized country. This means that roughly 1 million people each month, or 1 person every 3 seconds, were lifted out of extreme poverty. The per capita GDP rose from $ 6,300 to $ 13,800, with an average annual growth rate of 8.1%

China’s resilience: Pursuing both quality and efficiency. Poverty reduction should be measured not only by quantity but also by quality, and stable poverty eradication without a return to poverty is the ultimate goal. After securing a full victory in the battle against poverty, China has taken firm steps to prevent large-scale relapse into poverty by setting a five-year transition period and improving dynamic monitoring and assistance mechanisms. In 2024, the per capita disposable income of rural residents in counties that had been lifted out of poverty was $ 2,450, up 24.7% from 2021. All 832 formerly impoverished counties have fostered leading industries with distinctive local features that can strongly drive local development. For four consecutive years, more than 30 million people moved out of poverty have found jobs. China’s poverty governance is shifting from a short-term intensive effort to a long-term sustained effort.

II. What are the secrets behind China’s success in poverty reduction?

Strong leadership of the Communist Party of China (CPC). The CPC has played its role in exercising overall leadership and coordinating all parties, establishing a long-term institutional arrangement that integrates poverty eradication, prevention of a return to poverty, and rural revitalisation. The central Government and the local governments are all driven by the concerted will and action, creating a powerful force that unites the whole country in the fight against poverty.

A clear roadmap of targeted approach to poverty alleviation. We managed to make poverty alleviation more targeted and effective, with the method of accurately identifying the poor population, taking targeted measures, and providing targeted assistance. We have adopted development as the fundamental way to resolve the problem of poverty, shifting our approach from ‘passive blood transfusion’ to ‘active blood making’.

Strong cohesion in mobilising the whole of society. One of China’s strengths is pooling resources to accomplish large undertakings. The Government has implemented designated ‘pairing-up’ assistance. A total of 255,000 task forces and over 3 million first secretaries and officials have been dispatched to villages, fighting side by side with township officials. Poverty-stricken areas have thus gained substantial funds, talent, and technology through a nationwide coordinated effort.

High motivation of the poor population. China has combined poverty alleviation with the efforts to motivate and upskill the poor, enriching their pockets as well as their minds. Through education, training, and incentive mechanisms, the education level as well as the employment and entrepreneurship capabilities of the poor population have been improved. Many of them have secured stable careers in the digital era and obtained the ‘golden key’ to a happy life.

III. What has China’s poverty reduction brought to the world?

As the largest developing country, China’s complete victory in the battle against poverty is not only a glorious chapter in the history of the Chinese nation, but also an important milestone in the global poverty reduction cause and the history of human development.

It has pressed the ‘fast-forward button’ for global poverty reduction. China met the poverty reduction target of the United Nations 2030 Agenda for Sustainable Development 10 years ahead of schedule, boosting confidence for and laying the foundation of global poverty reduction. Since the Reform and Opening-up, over 800 million Chinese have been lifted out of poverty, marking the largest-scale poverty reduction in the world, significantly narrowing the world’s poverty map, and contributing more than 70% to the global poverty reduction cause. China’s success is an unprecedented miracle in the history of mankind’s fight against poverty and has greatly accelerated the global poverty reduction process.

It has set an example for global poverty governance. China’s poverty alleviation practice has attracted worldwide attention. It has provided strong evidence that with perseverance, determination, tenacity and hard work, developing countries can also solve the problem of poverty and take the initiative to develop rapidly. The world’s determination and confidence to eradicate poverty have been strengthened. China’s poverty reduction has formed concepts and paths that can be referred to, replicated, and promoted, providing important reference for other developing countries.

It has injected strong impetus into the global poverty reduction cause. China has always been an active advocate, a strong promoter, and a major contributor of the global poverty reduction cause. It has actively carried out international cooperation on poverty reduction, proposed and implemented the Global Development Initiative (GDI), established the Global Development and South-South Cooperation Fund with a total of $ 4 billion and implemented over 1,800 projects, bringing benefits to people in many countries. China has trained more than 400,000 professionals of various fields from over 180 countries and regions through seminars on poverty eradication and development, contributing to the capacity building for poverty reduction in other countries.

Eradicating poverty is a common aspiration of humanity. China has always closely linked its own destiny with that of people around the world. With a sense of responsibility as a major country and by taking effective concrete actions, China will continue to be an active doer in advancing global development and poverty reduction. China and Sri Lanka are good partners and good friends. As fellow members of the Global South, we have extensive consensus on development issues. China is ready to work with Sri Lanka and other countries to benefit people of all countries with the achievements of poverty reduction in more areas, so that the sunshine of development and cooperation will break through the shadow of poverty and backwardness, illuminating a prosperous and bright future for the world.

Geoffrey Bawa Trust hosts range of events to mark festive season

The Geoffrey Bawa Trust has announced a range of events in the coming weeks, from the latest in its ‘Thai Architects Program’ to the much-anticipated ‘Open House Colombo’ weekend, as well as the annual Design Market and the monthly ‘Ways of Knowing’ curatorial exhibition tour, to mark the festive season.

The second lecture in the ‘Thai Architects Program,’ a three-part initiative by the Royal Thai Embassy and Geoffrey Bawa Trust to promote architectural awareness and knowledge sharing, will be held on 27 November at 6:30 p.m. at Siam Nivasa.

It will feature renowned LA-based architect Kulapat Yantrasast, who will discuss the role of architecture and museum design in cultural placemaking in the 21st century. Museums are critical public spaces for community building and social engagement, and Yantrasast has acquired a reputation as one of the art world’s preeminent architects, designing genre-defying spaces with a focus on the human impact of the arts. This event is a unique opportunity to hear from a global leader in contemporary architecture practice and museum design.

The public also has the opportunity to engage with Yantrasast on 28 November at 4 p.m. for a workshop on the role and place of contemporary architecture in museum design. Yantrasast will guide participants through a holistic design approach to working with these important cultural centres, creating places that balance institutional histories with their future potential, and consider the surrounding environment and diverse audiences.

The ‘Open House Colombo,’ held from 5-7 December under the theme ‘Makers’ Spaces and Other Places,’ invites visitors to step into a range of architectural firms, artists’ studios, and home-based practices rarely open to the public. Hosted by the Trust, the festival offers two exciting days of behind-the-scenes tours and special activities. Participants will gain insight into artistic and design processes, from archival practices to contemporary architecture and local craftsmanship.

The Trust’s annual December Design Market will be held on 7 December, where participants can kick off the festive season at the De Saram House by exploring a curated mix of local brands that support Sri Lankan artisans and their communities.

On 11 December at 6:30 p.m., a lecture by architectural and urban historian Pamudu Tennakoon will explain the histories of some of Colombo’s colonial fragments. In this lecture, Tennakoon will explore the De Soysa building, a recently demolished shophouse complex in the neighbourhood of Kompagngna Veediya. By examining the multiple historical narratives of this building (which now exists as rubble), this talk questions how people continue to occupy and relate to the material remnants of their colonial pasts.

Finally, the Trust is now hosting Sunday morning curatorial tours of the ‘Ways of Knowing’ exhibition at the Bawa Space. The next tour will be held on 14 December at 11 a.m. On view through February 2026, ‘Ways of Knowing’ uses different sensory experiences and mediums, including virtual reality, film, textiles, oral traditions, maps, seeds, and our own bodies, to examine the different forms knowledge can take.

‘Ways of Knowing’ is supported by a generous grant from the British Council as well as Kohler India, Initiating Partner for the Geoffrey Bawa Trust’s Exhibition Program.