BOC Chairman Kavinda de Zoysa appointed to Lanka Hospitals Board

Bank of Ceylon (BOC) Chairman Kavinda de Zoysa has been appointed to the Board of Lanka Hospitals Corporation PLC as an Independent Non-Executive Director.

De Zoysa has been serving as Chairman and Non-Executive Director of the Bank of Ceylon since November 2024.

He also chairs Property Development Ltd., BOC UK Ltd. (SMF9), and BOC IT Solutions Ltd. Under his leadership, BOC operates through more than 2,300 service points, including over 650 branches, and maintains an international presence in the UK, India, Maldives, and Seychelles.

A career banker with over three decades of experience, including more than 25 years in management, de Zoysa previously held senior roles at Citibank N.A., where he served as Director and Country Business Head for Sri Lanka.

During his nearly two-decade tenure at Citi, he was part of the country management and governance committees, leading strategic planning, corporate finance, capital markets, M and A advisory, and digitalisation initiatives. He has also worked with National Development Bank, Nations Trust Bank, and Seylan Bank.

His expertise spans corporate and investment banking, digitisation, risk management, strategic planning, development finance, and capital markets. He has also chaired the MASANA Regional Engagement Group of the Association of International Certified Professional Accountants (AICPA) and served as a senior membership assessor and vice chair of the CIMA Global Membership Panel since 2011.

De Zoysa is a Fellow of the Chartered Institute of Management Accountants (CIMA) UK, the Chartered Institute of Marketing (CIM) UK, the Institute of Bankers of Sri Lanka, and the Institute of Certified Management Accountants of Sri Lanka.

He holds an MBA with a Merit Pass and Gold Medal from the University of Colombo and completed executive education in Leading with Data and Analytics at the University of Chicago Booth School of Business.

SriLankan Airlines clarifies financial performance

SriLankan Airlines yesterday issued the following statement clarifying its financial performance for 2024/2025:

‘SriLankan Airlines wishes to clarify recent reports concerning the airline’s financial performance for the financial year 2024/25.

The Group reported a loss of Rs. 2,735 million in 2024/25, compared to a profit of Rs. 7,925 million in 2023/24. This variance was primarily due to a reduced exchange gain of Rs. 3,925 million in 2024/25, compared with the previous year’s exchange gain of Rs. 26,717 million.

This exchange gain arises from the revaluation of foreign currency denominated interest bearing liabilities, where an appreciation of the rupee results in a gain. Excluding the exchange gain, the Group loss for 2024/25 amounted to Rs. 6,660 million, compared to a loss of Rs. 18,792 million in 2023/24 prior to accounting for the exchange gain’.

CoPF approves 2026 Appropriation Bill

Parliament Secretariat yesterday said that the Committee on Public Finance has granted its approval for the Appropriation Bill for the year 2026.

The approval was given during a committee meeting held in Parliament on 23 October under the chairmanship of MP Dr. Harsha de Silva.

Officials from the Ministry of Finance briefed the Committee on the proposed allocations for various sectors and the fiscal targets for 2026. After extensive discussions on these matters, the Committee granted its approval for the Bill.

The Appropriation Bill for 2026 is scheduled to be presented to Parliament for the second reading, or Budget Speech, by President Anura Kumara Disanayake in his capacity as Minister of Finance on 7 November.

Geoffrey Bawa Trust and Royal Thai Embassy present Thai Architecture Program

The Geoffrey Bawa Trust, in collaboration with the Royal Thai Embassy in Colombo, has announced a new joint Thai Architecture Program.

Between October 2025 and March 2026, the Program will bring renowned Thai architects to Colombo to share knowledge and exchange ideas on architectural practices in tropical climates. This initiative aims to strengthen cultural exchange between Sri Lanka and Thailand, celebrating the rich architectural and artistic heritage of both nations.

The Program includes presentations, workshops, and community engagement events to explore how contemporary architecture can offer solutions for healthy and sustainable living in dense urban environments and with increasingly unpredictable climate conditions.

The series opened yesterday at the Thai cultural centre, Siam Nivasa, at 6:30 p.m. with renowned Bangkok-based architect Rachaporn Choochuey. Choochuey’s presentation will explore how architecture can remain light, adaptable, and resilient in the face of heat, humidity, and rapid urban change. Bangkok-based architectural firm all(zone) Co-founder Choochuey will share a design practice rooted in the permissive conditions of her uniquely informal and improvisational city.

‘The Trust is thrilled to have this opportunity for collaboration between Thai and Sri Lankan architects, bringing some of the foremost contemporary architectural voices to our local audiences,’ says Geoffrey Bawa Trust Chief Curator Shayari de Silva. ‘It is especially remarkable that the project is supported by the Royal Thai Embassy, and we deeply appreciate their recognition of the crucial importance of championing contemporary cultural practices and regional exchange.’

Established in 1982 by the late architect, the Geoffrey Bawa Trust works to further the fields of architecture, the fine arts, and ecological and environmental studies in Sri Lanka. Geoffrey Bawa’s architectural work fused historical legacy with modernist principles and an acute awareness of the surrounding landscape. Since the architect’s passing in 2003, the Trust has sustained year-round public programs comprising lectures, tours, scholarships, residencies and exhibitions which engage broader discourse on the built environment and the arts in both Sri Lanka and overseas.

Geoffrey Bawa’s architectural style and approach were driven by a sense of place. From his earliest commissions, the architect’s practice was shaped by sourcing domestically available materials, working with local artisans, and a familiarity with the site on which he was working. This approach is still highly relevant in contemporary architecture, as humans grapple with how to build liveable spaces that are adaptable and comfortable in changing climates.

‘The Royal Thai Embassy in Colombo supports the undertaking of this program to foster architectural knowledge exchange between Sri Lanka and Thailand,’ says Ambassador of Thailand to Sri Lanka Paitoon Mahapannaporn. ‘The prominent Thai architects will be visiting Colombo through this Program, and we look forward to rich discussions on cultural heritage, contemporary architecture, and building for sustainability and a liveable future.’

Following Rachaporn Choochuey’s presentation in October, the Thai Architecture Program will host Kulapat Yantrasast in November. Raised in Thailand, Yantrasast is now based in Los Angeles, where he co-founded WHY Architecture in 2003. The architect is internationally renowned for his work in museum and gallery design, with clients such as The Metropolitan Museum of Art in New York and the Grand Rapids Art Museum, the first museum in the United States to receive LEED Gold certification for sustainable design.

Horror film ‘The Strangers Chapter 2’ now in 7 Lankan cinemas

Horror film ‘The Strangers Chapter 2’ is now being shown in seven cinemas in Sri Lanka.

They are Kandy City Centre, Liberty by Scope Kollupitiya, SCOPE Cinema – Colombo City Centre,

SCOPE Cinema – Havelock City Mall, PVR Cinema, Ram Cinema and Regal Cinemas.

The Strangers – Chapter 2 is the fourth film in The Strangers film series, and the second instalment of a new trilogy following The Strangers: Chapter 1 (2024). The film was directed by Renny Harlin, and stars Madelaine Petsch, with Gabriel Basso, Froy Gutierrez, Ema Horvath, and Ella Bruccoleri.

After learning that one of their victims, Maya, is still alive, three masked maniacs return to finish the job. With nowhere to run and no one to trust, Maya soon finds herself in a brutal fight for survival against psychopaths who are more than willing to kill anyone who stands in their way.

Apparel exports up 6.8% to $ 3.8 b in first nine months – JAAF

The Joint Apparel Association Forum (JAAF) yesterday said total apparel exports for the period January to September 2025 stood at $ 3.8 billion, up 6.83% from a year ago while exports recorded a modest year-on-year growth in September 2025, supported by stronger performance in the EU and other markets, despite declines in shipments to the United States and United Kingdom.

Whilst the numbers are down from last month, JAAF noted that September has historically been lower than August.

In September 2025, total apparel exports amounted to $ 403.01 million, reflecting a 1.58% increase compared to $ 396.73 million in September 2024. Exports to the USA and UK declined by 4.71% and 15.06% respectively, while exports to the European Union rose by 10.75% and shipments to other destinations grew by 19.49%.

Despite mixed market trends during the month, the industry maintained steady progress over the first nine months of the year.

Total apparel exports for the period January to September 2025 stood at $ 3.8 billion, marking a 6.83% increase compared to $ 3. 5 billion recorded during the same period in 2024.

Exports to the United States grew by 1.73% to $ 1.46 billion, while the EU (excluding the UK) recorded a strong 14.24% growth, reaching $ 1.17 billion.

Exports to the United Kingdom rose by 2.31% to $ 533.73 million, and other markets expanded by 10.45% $ 630.29 million.

‘While demand from some traditional markets continues to fluctuate, our exporters have demonstrated remarkable adaptability through efficiency, innovation, and market diversification. The positive cumulative growth highlights the strength and competitiveness of Sri Lanka’s apparel sector even amid global headwinds,’ JAAF said.

The association reaffirmed its commitment to working closely with the Government of Sri Lanka and industry stakeholders to ensure policy alignment, support small and medium manufacturers, and sustain the industry’s position as a reliable, ethical, and future-ready sourcing destination.

When guardians of the law collide: Call for restraint and respect

As a Police officer who has served this nation for over four decades – beginning my career as a Sub-Inspector and rising through the ranks to Senior Superintendent of Police – I write these reflections not merely as an observer, but as one who has lived the law from within the uniform.

I come from a proud line of policemen: a third-generation officer and the son of a constable who rose to the rank of Chief Inspector. Over the years, I have served as Officer-in-Charge of police stations across the country, Headquarters Inspector of Galle, Assistant Superintendent of Police in Galle and Hambantota, and later as Deputy Director of Counter Terrorism at the State Intelligence Service. Following retirement, I had the privilege of serving as a diplomat abroad and as an Investigation Advisor at the Financial Crimes Investigation Division (FCID).

It is from this lifetime of service – witnessing both the strengths and the shortcomings of our system – that I reflect on a troubling incident and its deeper meaning for the institutions entrusted with justice.

The emblem, the motto and its promise

‘Dhammo Bhave Rakkhati Dhammachari’ – ‘He who lives by the Dhamma (law) is protected by the Dhamma.’

The emblem of the Sri Lanka Police stands for courage, justice, honour, and moral integrity. The elephant in the Sri Lanka Police emblem symbolises the noble qualities that define the spirit of policing – strength, wisdom, discipline, and dignity. Revered in Sri Lankan culture as a creature of immense power and intelligence, the elephant represents the ability to exercise authority with calm restraint and moral courage. Its presence in the emblem reflects the ideal that true strength lies not in aggression, but in controlled and purposeful action. It also connects the Police Service to Sri Lanka’s royal and cultural heritage, where the elephant served as a symbol of guardianship, state power, and honour.

Just as the elephant moves with steadiness and purpose, the Sri Lanka Police are reminded to uphold the law with patience, fairness, and unwavering commitment to justice. Together, they embody the lawful authority entrusted to the Police Service – to protect the people and preserve peace, guided by the timeless principle: ‘He who lives by the law is protected by the law.’

Yet, ideals are often tested in moments of conflict.

A recent confrontation between a Police constable and a legal counsel at the Mt. Lavinia Judicial Complex brought that tension to light. The allegation of assault by the counsel was swiftly publicised, and without a thorough investigation, the constable was arrested, produced before the magistrate, and remanded.

What followed revealed deeper cracks within the system. The abrupt transfer of the Headquarters Inspector of Mt. Lavinia to the Police Medical Division exposed not only inconsistency in decision-making but also the duplicity and political sensitivity that often cloud Police administration. Such actions, driven by reaction rather than reason, ignore the morale of those who serve and weaken the integrity of the institution itself.

Two pillars of justice: The policeman and the lawyer

In any democratic society, the policeman and the lawyer are not adversaries but partners in justice. Their duties differ, but their purpose is shared – to uphold the rule of law.

nThe Policeman – The Enforcer of Law

The policeman represents the visible strength of the State. His duty is to enforce the law, prevent crime, and protect lives and property. His work is practical and immediate, grounded in discipline, duty, and public trust.

The Lawyer – The Defender of Law

The lawyer serves as the intellectual guardian of justice – interpreting the law, protecting rights, and ensuring fair treatment under due process. His power lies in argument, interpretation, and advocacy, not force.

While the policeman safeguards order, the lawyer safeguards fairness. Both are necessary for justice to function – one maintains peace on the streets, the other ensures justice in the courts. Together, they form a balance between authority and accountability, action and reason.

When the pillars collide

A clash between these two – especially within a court premises – is more than a professional disagreement. It is a visible fracture in the system that upholds public faith in justice.

Inside a court premises, both the Police and the legal profession are bound by respect for judicial authority. A confrontation there undermines the dignity of the institution they both serve. When such an incident is broadcast to the public, the damage deepens. Citizens who rely on the Police for protection and on lawyers for fairness see discord instead of cooperation. The result is cynicism – a belief that justice itself has lost direction.

Institutionally, such conflicts trigger reactive measures. The Police hierarchy, often under pressure to appear accountable, may take abrupt disciplinary or administrative actions. Lawyers’ associations, in turn, rally to defend their members. The cycle of blame begins – and both sides lose credibility in the eyes of the people they serve.

However, in this particular incident, both sides could have acted with greater restraint and patience. The young Police officer, who carries his own pride and dignity in wearing the uniform, is still human – and his reactions are shaped by his temperament, experience, and emotional capacity. Similarly, the learned counsel, with years of professional experience and social standing, could have exercised maturity and composure rather than reacting in haste. A moment of calm reflection from either side could have easily prevented the confrontation and denied social media the opportunity to turn a minor misunderstanding into a public spectacle – a molehill made into a mountain.

The real cost: Erosion of trust

When officers of the law and interpreters of the law stand opposed, justice becomes vulnerable. A policeman without respect for legal process can become oppressive; a lawyer without respect for law enforcement can become obstructive.

Both professions must remember that their authority flows from the same source – the law itself. Their duty is not to personal pride, institutional loyalty, or public sentiment, but to truth and justice.

The incident at Mt. Lavinia should serve as a reminder, not of rivalry, but of responsibility – that law enforcement and legal advocacy are two sides of the same coin. When they act in unity, justice stands firm. When they clash, the system falters, and the people lose faith in both.

Conclusion: Restoring respect and responsibility

The law is not a weapon for power, nor a shield for privilege – it is a trust placed in the hands of those sworn to uphold it. Both the Police and the legal fraternity are guardians of that trust, and their conduct determines how the public perceives justice itself.

To prevent incidents like the one at Mt. Lavinia from recurring, both sides must return to the fundamentals: professional respect, due process, and restraint. Disputes between officers of law enforcement and officers of the court should never be played out in public or driven by emotion. Such confrontations serve no one – not the institutions, not the individuals, and certainly not the people who depend on them.

Equally, both the police hierarchy and legal bodies must resist political influence and media-driven pressure. Decisions made to satisfy public outrage or political agendas erode internal discipline, weaken morale, and distort justice. The moment either side becomes a tool of politics, the law loses its independence – and with it, the confidence of the people.

Ultimately, the greatest casualty of such conflicts is public trust. When citizens see enforcers of the law and defenders of the law in conflict, their faith in justice falters. Restoring that trust demands maturity, accountability, and mutual respect. Policemen must enforce the law with fairness and dignity; lawyers must defend the law with integrity and humility.

Only when both uphold these principles – free from bias, pressure, and pride – can the justice system stand strong and worthy of the emblem’s promise:

‘He who lives by the law is protected by the law.’

IMF urges Asia to cut non-tariff barriers to cushion US tariff shocks

The International Monetary Fund (IMF) has called on Asian economies to reduce non-tariff barriers and strengthen regional trade integration to shield themselves from US tariffs and global financial volatility.

In its latest Regional Economic Outlook for Asia, the IMF said the region’s strong dependence on trade, particularly with China at the centre of global supply chains, leaves it exposed to disruptions from escalating US-China tensions and higher US import duties.

The report noted that growing trade friction with the US, coupled with an investment surge in artificial intelligence, has fuelled an increase in trade within Asia.

Deeper integration, supported by the removal of trade barriers, would allow countries to diversify export markets, cut costs, and better withstand external shocks, the IMF said.

‘If Asia integrates more within the region, that itself provides a buffer against external shocks,’ IMF Asia-Pacific Department Director Krishna Srinivasan said. He said about 60% of Asia’s exports are intermediate goods traded within the region, while only 30% of final goods are sold regionally, a sign of continued reliance on US and European markets.

The IMF said broader, multilateral trade frameworks similar to those in the European Union could benefit Asia, as the current network of bilateral deals often leads to inconsistent standards.

It also highlighted that non-tariff barriers, which rose during the pandemic and remain widespread, are dampening regional trade prospects.

Some Asian countries have begun easing such barriers during negotiations with the United States, which the IMF described as a welcome development.

Greater regional integration could raise Asia’s GDP by up to 1.4% over the medium term, and boost output among ASEAN economies by as much as 4%, the Fund said.

Asia’s economy is expected to grow 4.5% in 2025, slightly slower than 4.6% last year but stronger than earlier projections, driven in part by front-loaded exports ahead of potential new US tariffs.

Growth is forecast to ease to 4.1% in 2026 amid weak Chinese demand and subdued consumption in emerging markets.

‘Trade policy uncertainty has declined somewhat since April but remains elevated, and could weigh on investment and confidence more than expected,’ the IMF cautioned.

Sri Lanka rake in cool Rs. 300 m from ICC Women’s Cricket World Cup

It was another case of rain and bad weather affecting the final match of the Colombo leg in the ICC Women’s Cricket World Cup between Sri Lanka and Pakistan which ended in a no-result at the R Premadasa International Cricket Stadium with only 4.2 overs being bowled.

It was frustrating and disappointing for the Lankan players who were looking forward to finishing their World Cup campaign which had all gone wonky with interference from the weather, with a win that would have given them a no. 5 or no. 6 position finish.

Having won their previous match played in India, against Bangladesh, Sri Lanka were keen to extend that run against Pakistan and finish on a high. But the weather had the final say.

The one point, Sri Lanka got from yesterday’s game they moved to fifth position in the standings displacing New Zealand who have 4 points with a game in hand against England on Sunday. If New Zealand wins they will finish fifth with 6 points and Sri Lanka sixth. If New Zealand lose to England, Sri Lanka will end up fifth.

However, whereas the prize money distribution is concerned both fifth and sixth placed teams will receive the same amount from the ICC – $ 700,000 each.

The weather gods have been rather unkind to the majority of Women’s Cricket World Cup matches played at Colombo’s R Premadasa Cricket Stadium that saw five of the 11 scheduled matches ending in a no-result, and two finishing with a result decided by the DLS rain rule. Only four matches were played without any interruption.

The results, however disappointing they may be, did not deter Sri Lanka from raking in a cool $ 984,314 (approx. Rs. 298,935,571) from the ICC for finishing fifth (or sixth) in the final league standings.

They will receive $ 250,000 (Rs. 75,924,850) as participation fee, $ 34,314 (Rs. 10,421,141) for their only win in the tournament against Bangladesh, and $ 700,000 (Rs. 212,589,581) for finishing fifth or sixth.

Considering the fact that Sri Lanka failed to qualify for a place at the last Women’s Cricket World Cup held in New Zealand in 2022, it was a commendable performance from Chamari Athapaththu’s team