National Biotechnology Industry Association holds first AGM

The National Biotechnology Industry Association (NBIA) successfully conducted its first Annual General Meeting (AGM) on 20 August 2026 at the Sri Lanka Institute of Biotechnology (SLIBTEC), marking an important milestone in the establishment and development of Sri Lanka’s biotechnology industry association.

The AGM brought together members and key stakeholders from Sri Lanka’s biotechnology and related sectors to review the Association’s activities and progress since its establishment and to discuss the way forward for strengthening the national biotechnology ecosystem.

The meeting provided an opportunity for members to deliberate on matters relating to the development of the biotechnology sector, strengthening collaboration among industry stakeholders, and creating an enabling environment to support innovation, investment, research, and commercialisation within Sri Lanka’s biotechnology industry.

The Association further emphasised the importance of strengthening collaboration between industry, research institutions and other relevant stakeholders to facilitate the transfer of knowledge and technology and to promote the application of biotechnology in areas of national economic importance.

The first AGM also served as a platform to reaffirm NBIA’s commitment to representing and promoting the interests of Sri Lanka’s biotechnology sector and supporting the development of a competitive, innovative and sustainable biotechnology ecosystem. The Association looks forward to working closely with its members, government institutions, research and academic institutions, private sector organisations and other stakeholders to advance the biotechnology sector and contribute to Sri Lanka’s broader economic and technological development.

World Bank bets on Colombo as tourism destination, not a gateway

The World Bank is supporting to transform Colombo into a destination in its own right and attract higher-spending visitors who currently spend only a fraction of their trip in the capital.

World Bank Lead Private Sector Specialist – South Asia Region, Finance, Competitiveness and Innovation Global Practice Natasha Kapil said the Bank’s analysis had identified a significant untapped opportunity in Colombo, despite the city having the country’s largest concentration of five-star hotel rooms.

‘Somewhere between 5% and 10% of visitors to Sri Lanka actually stay in Colombo, while the average length of stay is only about half a day,’ she said.

Speaking at the launch of the National Tourism Strategic Plan for 2026-2031, alongside a five-year Global Destination Communication Campaign Road Map being developed with international and local consultants under the World Bank’s Grant Facility for Project Preparation (GFPP) on Monday, she said the branded THRIVE Colombo project would be the first of three planned operations, followed by interventions focused on nature-based and marine tourism.

The combined envelope for the three operations is approximately $ 200 million, with Tourism for Heritage, Resilience, Inclusion, and Value-driven Employment (THRIVE) Colombo accounting for around $ 77 million.

‘This is much more than a tourism project,’ Kapil said, describing THRIVE as a platform for the Government’s wider tourism agenda, encompassing investment as well as policy reforms.

The World Bank’s decision to start with Colombo is based on what Kapil described as a significant untapped opportunity, turning the capital from largely a transit or gateway city into a destination capable of attracting higher-spending international travellers for 48 to 72-hour stays, weekend breaks and short trips.

‘We believe there is a strong case for establishing Colombo as a destination in its own right,’ she said.

The proposition is particularly significant given the city’s substantial concentration of high-end accommodation. ‘Colombo has the largest inventory of five-star hotel rooms in Sri Lanka, yet the proportion of international tourists staying in the city remains remarkably low,’ she said, adding that the World Bank therefore sees the opportunity not necessarily in building more hotel capacity, but in making the city itself sufficiently attractive for high-end visitors to stay longer and spend more.

She said potential activities such as performing and digital arts, Kala Pola, Colombo Fashion Week, literature festivals and other events capable of attracting higher-value visitors.

THRIVE Colombo will combine institutional reform, destination infrastructure and private-sector investment.

‘Two major tourism ‘loops’ have been identified as the initial physical development opportunities; a Fort-centric loop and a nature-centric loop around Colombo’s wetlands,’ she said.

According to her, the Fort concept connects the waterfront, Galle Face Green, the heritage buildings in Fort area along the attractions extending towards Pettah, while the nature loop would build on assets such as Beddagana Wetland Park and Diyasaru Park.

Investment could cover site and building upgrades, pedestrianisation and missing connections between attractions, with the aim of turning currently fragmented assets into coherent visitor experiences.

‘We have identified several heritage buildings in the Colombo Fort area that could be considered for new tourism activities. But equally, we are very keen to ensure that the private sector participates in managing and operating selected tourism assets, rather than leaving the responsibility entirely with the Government,’ Kapil added.

The strategy also recognises the need for a Tourism Entrepreneurship Fund to finance the ‘software’ of the destination, the enterprises, events, creative activities and experiences that can give visitors reasons to stay longer.

She said this fits closely with the emerging direction of Sri Lanka’ National Tourism Strategic Plan for 2026-2031, which is seeking to move the industry from volume to value.

The World Bank is also backing institutional changes intended to support that transition. Under THRIVE Colombo, the Sri Lanka Tourism Development Authority (SLTDA), Sri Lanka Tourism Promotion Bureau (SLTPB) and Sri Lanka Institute of Tourism and Hotel Management (SLITHM) are expected to undergo modernisation, including improvements to digital systems, governance, human resources and data collection. The move will also support tourism skills development, including a review and modernisation of tourism education and training.

She said the initiative also places keen emphasis on the new Tourism Act, under the leadership of the Tourism Ministry as better tourism intelligence will be critical as Sri Lanka seeks to identify changing source markets and target higher-spending travellers.

She said a further component will be the preparation of a National Tourism Strategic Plan for 2026-2031, supported by demand and supply assessments, destination-level planning, investment and regulatory reviews and a tourism skills-gap assessment.

This evidence base is also expected to improve tourism promotion.

Kapil said Sri Lanka’s current promotional efforts could eventually become more targeted once better market intelligence is available, allowing the country to develop campaigns aimed specifically at higher-spending segments for Colombo, as well as distinct segments for nature-based tourism.

‘This could represent a departure from broad-based destination marketing towards product- and segment-led promotion,’ she added.

SL’s paradox: Exports its finest intellect and imports expertise

The biblical observation, “he came unto his own, and his own received him not”, mirrored by Christ’s declaration that “a prophet is not without honor, save in his own country,” captures a persistent social paradox in developing countries. When applied to Sri Lanka, this phrase ceases to be merely a theological reflection; it becomes a precise diagnosis of a structural, psychological, and institutional pathology.

Across developing societies, local experts, including world-renowned scholars, seasoned scientists, and veteran industry strategists, are routinely overlooked, underpaid, and ignored. Meanwhile, foreign consultants, international “experts,” and non-nationals are routinely hired, often at exorbitant rates, to draft national policies, lead corporate turnarounds, and deliver keynote speeches on topics where local expertise is deep, nuanced, and readily available. This phenomenon is not accidental, nor is it a simple matter of administrative inefficiency. It is the result of a convergence of post-colonial psychology, systemic institutional failure, structural economics, and human cognitive bias. The tendency to elevate foreign experts to near-revered status while treating equally qualified local specialists as secondary, “also-rans”, is rooted in deep-seated socio-cultural conditioning, systemic institutional insecurity, and political risk aversion.

Decades after lowering the Union Jack, an insidious intellectual subjugation governs Sri Lanka’s boardrooms and ministries: an unwritten dogma that true authority must carry an overseas postmark. This Xeno-centrism, a post-colonial hangover, reflexively elevates foreign credentials while systematically devaluing our own proven minds.

To decision-makers, expatriate consultants arrive wrapped in untouchable prestige. Foreign accents become proxies for intellect, and overseas passports act as golden keys to the highest corridors of power. Their methodologies, often copied and pasted from Western textbooks with zero regard for local nuance, are received as sacred scripture. Meanwhile, local experts, possessing world-class qualifications and battle-tested execution within Sri Lanka’s complex terrain, fall victim to the “prophet in his own land” syndrome. Because they walk our streets and understand our reality, their proximity breeds an unearned diminishment. Familiarity is mistaken for mediocrity.

Sri Lanka Cricket (SLC) offers a clear case study of this dynamic. Despite Sri Lanka being a world-cricket powerhouse that produced revolutionary tacticians and legend-level intellects, the administration repeatedly cycles foreign head coaches and high-performance directors. Mickey Arthur, Trevor Bayliss, Chris Silverwood and Gary Kirsten are just a few of the many. Whilst I agree that an effective coach need not have excelled as a player, it is noteworthy that from this lot, only Gary Kirsten has walked the talk with distinction at the highest level of the game! When homegrown coaches and directors take the helm, they are often treated as temporary placeholders rather than long-term architects. Local experts are subjected to constant administrative interference, political micro-management, and immediate scapegoating after a few losses. Conversely, foreign appointees are granted structural autonomy, multi-year insulation, and direct access to board leadership.

The starkest aspect of this divide is the massive disparity in pay and benefits. Foreign head coaches and technical directors command packages ranging from $20,000 to $40,000 plus per month in addition to luxury accommodation, private transport, tax waivers, and international air travel. Domestic coaches, high-performance trainers, and regional talent scouts who possess deep contextual knowledge of local pitch conditions, player psychology, and grassroots pathways are compensated in depreciating Sri Lankan Rupees at a tiny fraction of foreign packages. Even world-class, iconic local cricketers transitioning to coaching roles rarely receive parity. This remuneration gap creates a self-fulfilling prophecy. By paying locals subpar rates while dangling exorbitant US Dollar contracts for overseas talent, the institution signals that local knowledge is inherently second-rate. Rather than investing heavily in sustainable domestic infrastructure, coach education, and knowledge transfer, substantial foreign exchange flows outward for short-term fixes. Until Sri Lanka addresses its underlying institutional insecurity and establishes equitable, merit-based compensation structures, the reliance on expensive foreign interventions will remain a costly substitute for true capacity building.

This cultural cringe carries a staggering cost. Institutions bypass domestic intellect to squander millions in scarce foreign currency on imported gurus who command lavish retainers, five-star benefits, and complete operational autonomy. Yet after a parade of slick slide decks, they depart, leaving behind generic frameworks that fail on the ground. When the dust settles, local experts are called in to clean up the mess and salvage the project on depleted budgets. By continually paying a premium for external validation, Sri Lanka signals to its brightest minds that their mastery is inherently second-rate. Until we dismantle this colonial hangover and replace self-doubt with institutional self-worth, we will remain trapped in a self-inflicted tragedy: exporting our finest intellect to power other nations, while paying exorbitant sums to import foreign consultants to tell us how to run our own.

There are occasions when Sri Lanka faces structural technological deficits that necessitate importing foreign expertise. This need peaks when adopting technologies such as renewable grid integration, advanced semiconductor packaging, specialised port and marine equipment and advanced pharmaceuticals manufacturing where local intellectual property and operational ‘know-how’ are absent. Consequently, international donors and investors and multinational corporations routinely mandate proprietary tech, specialised management, or parent-company oversight as non-negotiable risk mitigation and equity conditions. Furthermore, complex engineering, procurement, and construction (EPC) projects consistently require niche vendor certifications or specialised regulatory safety approvals that only global firms can provide.

Even in such instances, the approving authorities must optimise value creation via structured knowledge transfer (KT) mechanisms to avoid perpetuating dependency. This can be done by, > Mandatory Shadowing and Co-Leadership: Enforce “counterpart teams” where foreign experts work alongside local specialists on all key operations, making skill transfer a contractual deliverable, > Joint Ventures (JVs) and Local R and D Offsets: Require foreign firms receiving BOI status and tax concessions to establish joint ventures with local partners or allocate a percentage of project funds to local university R and D, > Tiered Local-Hiring Quotas: Tie expatriate visa renewals to phased reductions over time, requiring foreign experts to train and certify local successors before exiting.

By devaluing local expertise and denying homegrown leaders the autonomy to drive change, Sri Lanka is actively demoralising its finest minds. It is driving tragic brain drain, forcing elite domestic talent to seek foreign shores where their intellect is valued. Until we demolish this structural hierarchy and back local expertise with equivalent compensation, unyielding authority, and unshakeable institutional trust, Sri Lanka will remain trapped in a self-inflicted cycle of paying exorbitant premiums to import validation it already owns at home.

The phenomenon of Sri Lanka exporting its finest intellectual capital only to watch it flourish elsewhere is one of the nation’s most poignant paradoxes. Professionals, researchers, and administrators who struggle to find a receptive audience within domestic government corridors, corporate boardrooms, or public discourse routinely rise to executive heights, lead research breakthroughs, and shape policy when transplanted abroad. This sharp contrast in trajectory suggests that the core issue does not lie in a deficit of individual capacity, talent, or ambition among Sri Lankan experts, but rather in a systemic failure of the home environment to nurture, integrate, and value its own intellectual assets.

At the heart of this dynamic is a local ecosystem characterised by institutional inertia, rigid hierarchies, and political polarisation. In both the public and corporate sectors, decision-making too often privileges seniority over merit, patronage over objective analysis, and political expediency over long-term strategic vision. Local expertise is frequently viewed with skepticism, sidelined in favour of imported solutions, or silenced when it challenges prevailing power structures. Deprived of psychological safety, structural support, and adequate resources, homegrown talent faces a landscape where innovation is met with resistance and technical counsel is subordinated to institutional control.

Conversely, when these same individuals enter foreign business and administrative environments, they enter ecosystems built on meritocracy, structured accountability, and operational agility. Away from domestic constraints, their adaptability, rigorous foundational training, and resilience allow them to excel. The resulting brain drain is not merely a loss of human capital; it is a structural loss that undermines Sri Lanka’s governance, economic competitiveness, and social progress. Addressing this drain requires moving beyond superficial appeals to patriotism and confronting the systemic flaws within the domestic ecosystem that render indigenous knowledge disposable at home, yet invaluable abroad.

As stated before, Sri Lanka cannot stem the loss of its human capital through emotional appeals to patriotism or restrictive immigration controls. Professionals will be drawn to where they are valued, respected, and properly compensated. Reversing this dynamic requires structural reform across all three pillars of domestic society: the State, the Private Sector, and Public.

What the Government must do

The State must fundamentally shift its view of local experts from potential political threats to indispensable assets for national development by; > Establishing Independent, Statutory Advisory Councils. Government ministries should not rely on informal, political, or ad-hoc consultative committees. Parliament should enact legislation establishing independent, statutory technical advisory boards across key sectors such as energy, transportation, agriculture, infrastructure, and public health. Members must be appointed through transparent, non-partisan merit criteria on fixed terms, ensuring that technical counsel remains shielded from cabinet reshuffles, > Depoliticising, Modernising and Professionalising the Public Service; Key administrative positions such as Secretaries, Director Generals, Heads of Authorities must be uncoupled from political appointments. The government must implement competitive, open hiring procedures where qualified professionals from both the public and private sectors can apply, > Establishing Performance-Based Compensation: Introduce modern performance appraisal systems within civil administration. Create high-tier expert tracks within public service that allow technical specialists to receive competitive compensation without having to transition into administrative management, > Mandating Evidence-Based Policy Formulation and Open Data; Mandate that major national projects, infrastructure investments, and economic legislative changes undergo independent economic, social, and environmental impact assessments conducted by local university research centers or domestic professional bodies. Establish open-data portals for all government departments, enabling domestic academics and analysts to audit public policy using real-time information, > Reforming Public Procurement of Professional Services; Current government procurement rules often force state agencies to hire foreign consultancy firms under the assumption that international entities are inherently more qualified. Procurement policy should be updated to mandate joint-venture participation or prioritise domestic professional consortiums for state-funded research, urban planning, and infrastructure design, > Fixing Public Infrastructure and Providing Latest Tools; Professionals and technical experts must be provided the facilities which would help them with their continuing professional/technical development, > Attaching measurable knowledge transfer goals in exchange for strategic development incentives and the freedom to employ a specified number of foreign employees in foreign direct investments.

What the corporate sector must do

Sri Lankan corporate leadership must look beyond profitability optics and build organisations capable of competing on innovation and intellectual capital by, > Democratising Governance and Right-Skilling Boards; Listed entities and family-owned conglomerates must move beyond token compliance regarding independent directors by actively focusing on recruiting professionals and domain experts i.e. engineers, data scientists, economists, and legal scholars, who possess the knowledge and have the personality to challenge executive management while making them feel valued, > Introducing Flat Innovation Facilitating Structures: Modernise internal corporate hierarchies. Establish cross-functional innovation hubs within companies where young specialists are granted structural autonomy and budget control to run experimental projects without bureaucratic oversight, > Committing Capital to Domestic Research and Development; Corporate Sri Lanka invests a negligible fraction of GDP in private R and D compared to regional peers like Vietnam, India, or Malaysia. Companies must establish structured partnerships with local universities, funding specialised research, sponsoring PhD fellowships, and commercialising domestic patents, > Valuing and Incentivising In-House Technical Career Tracks; Corporate compensation structures traditionally force specialists to migrate into sales, general management, or administrative roles to achieve financial growth. Businesses must create parallel career tracks such as Chief Technical Officer, Fellow Strategist, or Principal Engineer that match executive salaries, ensuring top domain experts do not need to abandon their technical focus to earn a living wage, > Eradicating the Foreign Expert Bias: Corporate boards must audit their advisory spending. Instead of defaulting to overseas agencies for organisational restructuring, market analyses, or digital transformation strategies, companies should intentionally solicit proposals from local professional associations, research institutes, and independent home-grown advisors, > Mandating Measurable Knowledge Transfer as a component of contracts with Foreign Consultants hired to introduce technology currently alien to Sri Lanka.

What society and civic institutions must do

Systemic reform cannot succeed without a parallel evolution in social values and civic culture. Society must foster an environment that respects expertise while remaining open to rigorous debate by, > Shifting Cultural Values from Deference to Analytical Debate; Civic institutions, schools, and media organisations must actively foster a culture that questions and challenges authority. Public discourse must transition from emotional rhetoric and party/personality-driven politics to data-driven analysis. Independent media platforms must provide structured airtime for local academics, scientists, and policy experts to articulate solutions without sensationalism, > Building Diasporic Knowledge Bridges, Not Walls: Rather than treating professionals who have left the country as “deserters” or treating those who stay with condescension, society should champion cross-border intellectual networks. Civic groups and professional associations should create flexible “diaspora consultation channels,” allowing Sri Lankan experts abroad to co-publish, advise, and collaborate on domestic projects without requiring them to relocate permanently, > Protecting and Celebrating Intellectual Integrity; Civil society must actively defend independent experts when they face political or corporate intimidation. Establishing independent whistleblower protections, academic freedom legal defense funds, and public recognition awards for courageous, evidence-based advocacy will build a protective shield around domestic talent.

The global triumph of Sri Lankan expatriates proves that the nation’s human potential is boundless. The brain drain is not a tragic accident of fate. It is the direct consequence of an ecosystem that degrades its own intelligence. If Sri Lanka is to rise, its leaders must understand that patriotism cannot thrive in an intellectual vacuum. Only when the nation replaces political patronage with meritocracy, corporate insularity with genuine innovation, and cultural deference with courageous debate will its brightest minds choose to build the country’s future from within its borders.

Exiting elections, diminishing legitimacy, imbalanced rule and cruel choice

There’s an official committee exploring our electoral systems with a view to change-and it is NOT the same body that is drafting a new election law for the Provincial Councils. Chaired by a Minister, this exercise seems to have a broader sweep and more dangerous systemic implications.

Entitled ‘Expert Panel begins work on structural transformation of Sri Lanka’s Electoral System’ the news story broke on 26 August:

‘A special meeting was held at Parliament yesterday to chart the future work of the Expert Panel appointed to reform Sri Lanka’s electoral system, excluding Provincial Council elections, with the aim of making it more efficient, transparent, and responsive to public expectations.

The discussion was chaired by Public Administration, Provincial Councils and Local Government Minister A.H.M.H. Abeyaratne, who also heads the Parliamentary Select Committee tasked with reviewing election laws and submitting proposals to Parliament.

Committee members Ruwanthilaka Jayakody, Attorney at Law Thushari Jayasinghe, and Chandima Hettiarachchi joined the meeting, which focused on the role of the Expert Panel, the scope of matters to be reviewed, and the process for the next stages.

The Panel is expected to conduct an in depth review of 31 proposals submitted by citizens and organisations concerning electoral reforms. Relevant studies and research from universities and institutions will also be considered.

The review period has been set at two months, during which the Panel will not only identify shortcomings in the current system but, where necessary, recommend the establishment of a new electoral system and culture with more constructive features.

Officials stated that the ultimate objective is not merely to introduce piecemeal amendments.

Instead, the Committee aims to present Parliament with a comprehensive report containing policy and legislative recommendations for a more credible, democratic, and efficient electoral system suited to current needs and the expectations of the people.

The meeting marked the formal start of the Expert Panel’s work, which is expected to play a pivotal role in shaping Sri Lanka’s electoral future.’ (Expert Panel begins work on structural transformation of Sri Lanka’s Electoral System – Newswire)

The Government has overridden the eminently sensible proposal by M.A. Sumandiran and Shanakiyan Rasamanikkam, supported by the entire Opposition, that the inordinate delay in holding the PC elections and reviving a functioning provincial legislature be overcome by introducing an exception under the rubric of exigent circumstances: hold the elections just this once under the pre-existing electoral system while the Parliamentary Select Committee continues to deliberate on and formulate a new electoral law. Nilanthi Kottahachchi, MP, was caught on camera assuring an NPP activist audience that ‘Provincial Councils [elections] won’t be held’.

Bad as that is, the qualitatively greater dangers of an agenda for ‘…the establishment of a new electoral system and culture with more constructive features…a more credible, democratic, and efficient electoral system suited to current needs and the expectations of the people…’ should be self-evident.

It makes for elasticity, extension. A parliament with a two-thirds majority can vote to stretch its term of office until the new electoral system is fully in place, and if the Supreme Court is as kindly towards the current incumbent as Chief Justice Sarath N. Silva was when he ruled that a Referendum was not necessary to allow President Mahinda Rajapaksa to run for a third consecutive term-a ruling which delegitimised the whole exercise and wrecked MR’s political future-then we can find ourselves stuck with AKD and the JVP-NPP for more years than they were granted a mandate by the sovereign people.

The United Front Government of Prime Minister Sirimavo Bandaranaike and the LSSP and CPSL, which had ‘more Marxists in Cabinet than any elected Government in the world outside Allende’s Chile’ as The Economist (London) intoned, generously helped itself to two years beyond the term of office it was elected for, using as the start-date, not the date of its election but that of the promulgation of the new Republican Constitution. That extension from 1975 to 1977 ensured a decimation which would only have been a defeat if incurred in 1975.

Though the JVP-NPP Cabinet has decidedly fewer Marxists than that of 1970-1977, it is more likely to delay and defer elections than any post-Independence administration, due to its ideology (a warped caricature of Marxism-Leninism), collective mentality and behavioural propensity.

What would be the implications, consequences and outcome? Leafing through some Political Science books while rearranging my library a shelf a day as part of my ‘ritual audit’ for turning 70 late this year, I came across an excellent summary of the contribution by John Locke, one of the three major Social Contract theorists and founding father of Liberalism/Liberal Democracy: ‘The Right to Revolt’.

The undisclosed agreements signed with foreign powers; the needless delay in the holding of elections to the intermediate (Provincial) tier; the damage to the public image of the judiciary and judicial processes if 22A is shoved through unaltered; the likely use of a change in electoral laws to delay national elections-will have the immeasurable cumulative and qualitative cost of rendering questionable the legitimacy of AKD-JVP-NPP rule itself.

Very little works without balance. That balance can be one of equilibrium or a shifting, dynamic balance. But balance there must be; not lop-sidedness. Sustained disequilibrium leads to destruction and self-destruction.

Two years after Anura’s and the JVP-NPP’s victory, there is a state of disequilibrium in the North/South equation. It is a Govt-led and Govt-facilitated disequilibrium.

It is only natural that with the passage of time, issues of justice and accountability left over from wartime would surface, sometimes literally. These must not be criminalised or suppressed.

Civic mobilisation is proliferating on a number of issues (e.g. land, disappearances) in the North, because the AKD administration is keeping in suspended animation the elected Provincial Councils through which such grievances would normally be ventilated.

It must always be remembered that no community, Tamil or Sinhala, and no region, North or South has a monopoly of victimhood or virtue.

The war must be understood in its historicity and totality. The string of atrocities from the evisceration and dismemberment by the LTTE of the wounded and dead soldiers in the July 1983 Tinnavely ambush, the Anuradhapura massacre, the butchery of babies in the so-called border villages, the massacres of TELO activists and EPRLF captives, through to the killings of Rajani Thiranagama, Lakshman Kadirgamar and Kethesh Loganathan, must also be recognised-as must the Pongu Thamil ritual (photographed in Trincomalee) of ‘liberated’ people rolling bare-bodied on the hot tarred road behind a carriage bearing a portrait of Prabhakaran. Jude Ratnam’s movie ‘Demons in Paradise’ provides a deep and holistic perspective.

The actions of State authorities on President Dissanayake’s watch have given the impression of one-sidedness, lack of balance.

Pillaiyan who continued to fight against the LTTE even when Karuna had withdrawn from the field, and thereby helped the State to eventually liberate the East and hold Provincial Council elections, is charged with a 2008 wartime murder. But those who committed or enabled such acts on behalf of the LTTE are not pursued and charged by this Government. Furthermore, what about the JVP-DJV gunman who murdered Colombo University V-C Prof Stanley Wijesundara in his office?

One cannot equate on the one hand, the Sri Lankan military and its allies, fighting to keep the island-nation territorially united as a single, sovereign, independent entity, following the command decision of legitimately elected Presidents and Governments (unlike the liberal West’s pin-up Ukraine, Sri Lanka unfailingly held elections during the two civil wars) with no choice except surrender because of the LTTE’s repeated unilateral return to war despite efforts at a negotiated peace, and on the other hand the totalitarian formation led by ‘demi-God’ Prabhakaran that fought to split the country despite many opportunities to stop the war and accept power-sharing as the solution. Lincoln’s Union armies from the North scorched their way through the secessionist South but history doesn’t equate it with the Confederate army.

In a massive moral inversion, the proto-LTTE and pro-LTTE elements here and overseas are not an enemy of Anura-JVP rule, but the war-winning Sri Lankan military brass is. Perhaps this inversion is because:

It was shocking to read a young woman belonging to the Tamil Diaspora in a First World society, the winner of a literary award, decry the world’s silence about ‘2009’. 2009 is when the war stopped after 30 years and bewailing that is as if a young German accusatorily lamented that the world is not critical of ‘1945’.

The Tamil Diaspora has never forgiven the Sri Lankan State, military and Mahinda Rajapaksa for defeating and killing its ‘demi-god’ Velupillai Prabhakaran and destroying his ‘invincible’ army. To slake their collective trauma and thirst for revenge, they’d fund anyone handsomely, even a historical revisionist, subversive Sri Lankan Government.

Example of Spain

It is never wise for a Government to re-fight a long civil war in court. Nor is it wise for a judiciary to seek to adjudicate such a darkly tragic conflict. That’s also why ‘transitional justice’ wasn’t part of Northern Ireland’s Good Friday Accords.

One of the most progressive and engaging societies I’ve visited is Spain. While Sri Lanka’s Ambassador to France and Permanent Delegate to UNESCO I was also accredited to Spain and Portugal. My wife and I were lucky to visit during the Spanish uprising of 2011, the ‘Occupy’ type progressive upsurge with its tent cities in Madrid.

Spain was the arena of the first war between Fascism and Republican democracy (supported by the Marxist and Anarchist lefts), in the 1930s. The fascists won, supported by Hitler’s air force. Generalissimo Franco established a dictatorship that lasted a half-century. Bitter memories of the civil war lived on, down the generations.

In the 1980s the dictatorship was replaced through a democratic transition which has proved stable and (for the most part) enlightened. Socialist Prime Minister Pedro Sanchez is among the world’s most admired left leaders today.

One reason for Spain’s stable liberal democracy and progressive society is a historic decision taken by all, including the Communist Party led by the iconic Santiago Carrillo, as part of the transition from dictatorship. Codified in the 1977 Amnesty Law is the decision that the State would not prosecute anyone involved in the civil conflict not only of the 1930s but also the subsequent decades of dictatorship. While society is perfectly free to cathartically memorialise – and they do so, especially in Catalonia and the Basque country-the State, including judges, are prevented by law from violating that prohibition. (https://www.amnesty.org/en/latest/news/2013/06/spain-blocks-investigations-franco-era-crimes/)

Unlike Sri Lanka today, Spain knew better than to undertake a retroactive witch-hunt and tear itself apart, pitting the judiciary (and police) against the armed forces, intelligence agencies and police. Spain resorted to ‘The Pact of Forgetting’.

Judge Balthazar Garzon who pioneered the commendable doctrine of universal jurisdiction by handing down the judgment on Chile’s Pinochet, became an icon in and out of Spain (we met at a conference in Moscow) for his progressive act which extended the global reach of justice. But he was rapped severely across the knuckles by the Spanish judiciary when he trespassed on the domestic ban on legal probes into the Spanish Civil War of 90 years ago.

Cruel choice

For many years, I have been struck by the difference between ‘sin’ and ‘evil’. Sin is forgivable especially if followed by repentance; evil is not. My personal understanding and interpretation of evil has been ‘the intentional commission of avoidable cruelty’. Cruelty sometimes takes place inadvertently. On rare occasions it may be inescapable – the textbook example being the apprehension with evidence of someone who has planted a time-bomb in a civilian area and the overriding need to extract information.

But cruelty as a matter of choice, resorted to wittingly, in circumstances that aren’t urgent, unavoidable, and exceptional, is evil.

The most recent letter from Maj. Gen. (Retd) Suresh Sallay’s wife Manori to President AKD implored the latter not to renew the 90-day detention order on him which consigned him to captivity in the CID headquarters. Her plea was on the grounds that when transferred to the National Hospital, his condition was found to be so fraught that he was rushed to the Cardiac Unit and a device surgically inserted-an Implantable Cardioverter-Defibrillator (ICD).

The obvious option was to keep Maj. Gen. Suresh Sallay detained under armed guard in the prison hospital. The downside of not doing so and signing the 90-day detention order which keeps him under CID custody on its premises, is the very real risk of a cardiac episode which either damages him so much he cannot answer questions in court, or causes his avoidable impairment or death by cardiac arrest.

With Manori Sallay’s written plea in front of him, President Anura Kumara Dissanayake had the choice of making a decision on humanitarian grounds which would also have been the more prudent decision on pragmatic grounds.

AKD chose to take the option which was both risky and non-humanitarian. As philosophers from the Ancient Greeks to the post-WWII Existentialists have insisted, choice reveals character: if you wish to comprehend a person’s character, even your own, look to the trail of choices made.

Anura made a choice on the issue of Maj. Gen. Suresh Sallay with (and despite) his recent cardiac implant, just as he did on the (non) attendance of the BRICS summit in Russia; the appointment of the Chairman of the Ceylon Chamber of Commerce as Presidential Economic Advisor and negotiator; the terms of IMF program and the debt repayment package with the private ISB holders; and the unknown number of agreements with India.

President AKD’s choices reveal his character beyond any reasonable doubt.

Siyapatha Finance records exceptional financial performance for 1H 2026, crossing Rs. 104 b in total assets

Siyapatha Finance PLC, the largest fully-owned finance company of the Sampath Bank Group, delivered an exceptional financial performance for the six months ended 30 June 2026, reflecting the Company’s continued strategic growth initiatives, resilient asset quality, and unwavering commitment to sustainable value creation.

The Company recorded a profit after tax (PAT) of Rs. 1,007 million, a robust 43% increase from Rs. 706 million in the corresponding period of 2025, while Profit Before Tax (PBT) grew 38% to Rs. 2,334 million from Rs. 1,689 million, demonstrating sustained market and customer confidence in the Company’s core operations.

‘Our performance in the first half of 2026 is a clear reflection of Siyapatha Finance’s strategic foresight and our unwavering commitment to sustainable growth,’ said Siyapatha Finance Chief Executive Officer Mathisha Hewawitharana. ‘Surpassing the Rs. 104 billion mark in total assets while significantly improving our asset quality underscores the strength of our core operations and the deep trust our customers place in us. As we navigate the evolving macroeconomic landscape, we remain focused on prudent risk management and delivering enhanced value to our stakeholders.’

The Company’s core business operations continued to yield strong returns, with total interest income growing to Rs. 7,719 million from Rs. 5,272 million a year earlier, driving net interest income up to Rs. 3,487 million from Rs. 2,629 million, signifying the Company’s efficient management of assets and liabilities. Other income strengthened to Rs. 1,054 million from Rs. 826 million, reinforcing the effectiveness of the Company’s revenue diversification strategy. The cost-to-income ratio improved to 49% from 54%, a testament to the Company’s continued focus on operational efficiency and process optimisation.

Asset quality strengthened markedly during the period, underscoring the success of Siyapatha Finance’s prudent credit risk management and proactive recovery initiatives. The gross stage 3 loans ratio improved to 4% from 8% a year earlier, while the net stage 3 loans ratio declined to 2% from 3%.

The Company’s balance sheet witnessed robust expansion, with total assets crossing the landmark Rs. 100 billion mark to reach Rs. 104 billion as at 30 June 2026, up from Rs. 74 billion in the previous year. The loan book grew by 44% to Rs. 99 billion, driven by a stabilised interest rate environment and a broader macroeconomic recovery that spurred sustained credit demand across key economic sectors. Customer deposits, a key indicator of public trust in the Company, grew to Rs. 42 billion from Rs. 34 billion, while bank borrowings rose to Rs. 28 billion from Rs. 12 billion, further diversifying the Company’s funding base to support its accelerated growth momentum.

Siyapatha Finance continued to maintain a strong capital and liquidity position, well above the regulatory thresholds mandated by the Central Bank of Sri Lanka, with a Tier 1 Capital Adequacy Ratio of 11.88% against a required minimum of 8.50% and a Total Capital Adequacy Ratio of 16.93% against a required 12.50%. The Company’s Available Liquid Assets to Required Liquid Assets ratio stood at a healthy 148.05%, well above the regulatory minimum of 100%, reaffirming the Company’s financial resilience and capacity to support future growth. Net asset value per share appreciated to Rs. 109.63 from Rs. 91.07 a year earlier.

The Company’s island-wide branch network expanded to 66 locations from 53 a year earlier, reflecting its continued commitment to enhancing accessibility for customers across Sri Lanka. Backed by the robust foundation of its parent, the Sampath Bank Group, Siyapatha Finance continued to hold a National Long-Term Rating of A(lka)/Stable from Fitch Ratings, further affirming its solid financial standing.

Looking ahead, Siyapatha Finance aims to leverage its newly achieved milestone of surpassing Rs. 100 billion in total assets as a powerful launch-pad for the second half of 2026. The Company remains committed to strengthening its digital capabilities, expanding its island-wide footprint, and upholding prudent risk management practices as it capitalises on the economic recovery to sustainably grow its core lending and deposit businesses.

Standard Chartered explores global and Sri Lankan economic outlook amidst test of resilience

Standard Chartered Sri Lanka hosted ‘A Test of Resilience: Global Research Briefing Webinar on Global and Sri Lanka Economic Outlook for 2H 2026’, bringing together corporate and financial institutions clients for an expert discussion on the prospects for the global economy, Sri Lanka and financial markets in the second half of the year.

The webinar examined how the global economy and financial markets demonstrated unexpected resilience during the first half of 2026 despite one of the largest energy-supply-chain shocks in history. While global growth is expected to remain on a stable footing, the discussion highlighted the need for caution as geopolitical conditions remain fragile, financial-market valuations are stretched and the sources of growth remain narrow.

The event commenced with an address by Standard Chartered Sri Lanka CEO Bingumal Thewarathanthri who welcomed participants and underscored the importance of timely, research-led perspectives as businesses and investors navigate an increasingly complex operating environment.

Expert insights were presented by Standard Chartered ASEAN and South Asia Chief Economist and Head of FX Edward Lee; South Asia Economist Saurav Anand; and ASEAN and South Asia Co-Head of FX Research, Divya Devesh. The speakers assessed the forces likely to shape 2H 2026, including the outlook for inflation, currencies, energy markets and growth, together with the implications for global and Sri Lankan markets.

The briefing also outlined the key risks investors should monitor in the months ahead, with particular attention to persistent geopolitical uncertainty, the durability of global growth, elevated market valuations and potential spillovers from energy and financial-market developments. The speakers considered how these dynamics could affect Sri Lanka’s economic trajectory and the decisions facing businesses and investors.

The Sri Lanka discussion also considered the policy framework beyond the country’s current International Monetary Fund Extended Fund Facility, which is due to conclude in 2027.

Thewarathanthri noted that the program had supported stronger fiscal discipline, cost-reflective energy pricing, more efficient delivery of cash transfers and greater Central Bank independence. While recognising that challenges remain, including poverty, support for small and medium enterprises and the pace of foreign direct investment, he suggested that a subsequent Stand-By Arrangement could help preserve reform momentum, strengthen investor and rating-agency confidence, and support Sri Lanka’s eventual return to international capital markets, while allowing greater flexibility in setting economic policy.

The program concluded with a moderated panel discussion led by Standard Chartered Sri Lanka Executive Director and Head, Local Corporates and Global Subsidiaries Tamani Dias. The panellists responded to questions from participants and offered further perspectives on the 2H 2026 outlook for the global economy, Sri Lanka and financial markets.

Jetwing Vil Uyana only Lankan hospitality brand to win PATA Gold Award in 2026

Jetwing Vil Uyana, A Luxury Reserve, has been awarded the Pacific Asia Travel Association (PATA) Gold Award 2026 in the Ecosystem and Wildlife Conservation Initiative category, becoming the only Sri Lankan hospitality brand to receive a PATA Gold Award this year.

The recognition marks the property’s third PATA Gold Award and highlights its long-standing commitment to responsible tourism.

Nestled within Sri Lanka’s Cultural Triangle, near the iconic Sigiriya Rock Fortress, Jetwing Vil Uyana has earned international recognition for transforming a once-degraded agricultural landscape into a thriving wetland ecosystem. Since opening its doors in 2006, the 28-acre resort has combined luxury hospitality with environmental stewardship, creating habitats that support biodiversity while strengthening local water resilience.

Jetwing Hotels Director of Marketing and Development Hashan Cooray said: ‘At Jetwing Hotels, sustainability is measured not only by the initiatives we implement today, but by the positive impact they create over time. The biodiversity gains recorded at Jetwing Vil Uyana over the past two decades demonstrate what can be achieved through long-term commitment, innovation, and responsible tourism. We are humbled to see these efforts recognised through a respected platform such as the PATA Gold Awards.’

A key factor behind the award was the property’s measurable conservation success. Independent biodiversity assessments conducted twenty years apart revealed substantial increases in species diversity across the site. A baseline study carried out in 2005 was replicated in 2025 by a research team from the University of Colombo, with findings highlighting significant growth in plant, bird, reptile, amphibian and fish populations across the restored ecosystem. Jetwing Vil Uyana has also become one of Sri Lanka’s premier locations for observing the threatened grey slender loris. To further support conservation efforts, three acres of the property have been dedicated as a loris conservation site, complemented by an information centre focused on habitat preservation and public awareness.

Beyond biodiversity conservation, the resort’s interconnected lakes and waterways contribute to local water security by harvesting rainwater, replenishing groundwater reserves and supporting surrounding agricultural communities. Inspired by Sri Lanka’s ancient cascade irrigation systems, these habitats continue to deliver environmental benefits while enhancing climate resilience.

Since its inception in 1984, the PATA Gold Awards represent the true spirit of innovation, sustainability, and the notion of tourism as a force for good. The PATA Gold Awards recognise excellence across a broad range of disciplines, from destination and industry marketing to emerging technology, climate action, conservation, human capital development, community-based tourism, inclusivity and youth and women empowerment.

PATA CEO Noor Ahmad Hamid said: ‘The PATA Gold Awards continue to shine a light on the creativity, innovation and commitment shaping a stronger and more sustainable tourism industry. This year’s submissions were among the strongest we have seen, reflecting the remarkable efforts of PATA members and the wider industry in pursuing excellence. The winning entries show how bold ideas can create lasting impact – from innovative marketing and emerging technologies to conservation, climate action, inclusion and community empowerment. They set new benchmarks for excellence and demonstrate tourism’s potential as a force for positive change.’

DCSL recognised as ‘Sri Lanka’s Most Valuable Spirits Brand’

Distilleries Company of Sri Lanka PLC has been recognised as ‘Sri Lanka’s Most Valuable Spirits Brand’ by Brand Finance, marking another significant milestone in the company’s more than a century-long journey of building trusted brands and continuously evolving with the needs of consumers.

The award reflects the strength and enduring value of DCSL’s portfolio, built over generations through a combination of heritage, quality, innovation and a deep understanding of the local market. Established in 1913, DCSL has evolved significantly over the past century, transforming from a traditional spirits manufacturer into a diversified organisation with a growing presence across manufacturing, plantations, packaging, logistics and investments.

The company’s journey has been defined by its ability to adapt while retaining the values that have shaped its reputation. DCSL embarked on a period of significant transformation, investing in modern manufacturing capabilities, technology, product development and operational excellence. These investments have enabled the company to strengthen its brands while responding to changing consumer preferences and market dynamics.

Director Sales and Marketing Kasun Jayawardena said: ‘This achievement is a reflection of the trust that consumers have placed in our brands over generations, as well as the dedication of our people who continue to uphold the standards on which DCSL was built. For us, heritage is not simply about looking back; it is about using what we have learned to continuously improve, innovate and create value for the future.’

DCSL’s commitment to innovation has extended across its product portfolio, manufacturing processes and consumer engagement, while its growing export footprint has enabled Sri Lankan brands to reach markets including Australia, South Korea, the Maldives and China.

This honour comes at a time when DCSL continues to invest in strengthening its manufacturing capabilities and exploring new opportunities for growth. With a focus on quality, innovation, sustainability and responsible business practices, the company remains committed to building brands that are relevant to successive generations.

For DCSL, being recognised as Sri Lanka’s Most Valuable Spirits Brand is therefore not only an acknowledgement of its current brand strength, but also a reflection of a legacy shaped by continuous reinvention. As the company looks towards its next chapter, it remains focused on preserving the trust built over more than 100 years while creating new opportunities for growth, innovation and value.

Govt., UNDP sign deal to secure hard-to-source medicines

The Government has entered into a tripartite agreement with the United Nations Development Programme (UNDP) to facilitate the procurement of urgently required rare and hard-to-source medicines, strengthening the country’s ability to respond to critical pharmaceutical needs.

The agreement was signed on 1 September at the General Treasury by Treasury Secretary Dr. Harshana Suriyapperuma, UNDP Resident Representative Azusa Kubota and Health Ministry Secretary Dr. Anil Jayasinghe, in the presence of Health Minister Dr. Nalinda Jayathissa.

The mechanism will enable the Government to use UNDP procurement channels to secure medicines that are difficult to source through conventional procurement processes.

Officials from the General Treasury, UNDP and Health Ministry who contributed to developing the procurement mechanism also attended the signing.

PM brings Sri Lanka’s ancient wisdom on sustainable food systems to global stage in Bhutan

The Prime Minister, Dr. Harini Amarasuriya, on Tuesday delivered the keynote address at the inaugural Global Conscious Food Systems Summit 2026 at Dungkar Dzong, Bhutan.

She addressed the Summit under the theme ‘Rising to the moment: Igniting consciousness to address the polycrisis.’

The Global Conscious Food Systems Summit 2026 is the inaugural global summit dedicated to exploring the role of consciousness, values, culture, spirituality and inner transformation in advancing sustainable, equitable and regenerative food systems. The Summit is jointly hosted by the Royal Government of Bhutan, the Conscious Food Systems Alliance (CoFSA) and the United Nations Development Program (UNDP), under the overarching theme ‘Activating the Heart of Food Systems Transformation.’

Addressing the Global Conscious Food Systems Summit in Bhutan, the Prime Minister expressed her pride in a national heritage shaped by generations of people who recognised the importance of maintaining harmony with nature throughout every stage of food production, storage, preservation and consumption.

Following her keynote address, Prime Minister Dr. Amarasuriya participated in a panel discussion alongside Bhutan Prime Minister Dasho Tshering Tobgay, under the theme ‘Conscious Leadership – The art of facilitating transformation for a more just and regenerative world.’

The Prime Minister noted that Sri Lanka’s ancient food systems were founded on a deep consciousness of sustainability and balance, with traditional agricultural practices designed to work in harmony with nature rather than against it.

Immediately following the panel discussion, Prime Minister Dr. Amarasuriya participated in a press conference, where she responded to questions from local and international media representatives on a range of issues, including food security, best agricultural practices, women’s employment and sustainable social and economic development.

Dr. Harini Amarasuriya’s participation in the Summit provided an important platform to share Sri Lanka’s perspectives and experiences on sustainable food systems, inclusive development and the role of conscious leadership in addressing the interconnected challenges facing the world today.