AI, AI, AI, woe is me or, how to save the world from rogue artificial intelligence

AI is all the rage today. It is the last ditch of the technologically illiterate and the first refuge of any unscrupulous scoundrel. Also a turbo boost, a crutch for the lame, and a super brain food (a sort of an intellectual, ‘So there!’) all combined in one. And still its reputation is irresistible.

Yet it is not without its detractors. Most worryingly, perhaps, the so-called ‘godfathers of AI’ have recently, increasingly, being dishing out the dirt on its dark and dangerous side.

Geoffrey Hinton was worried in 2023 that generally intelligent AI systems could create undesirable sub-goals that are not aligned with their programmers’ interests.

A year later, he speculated that there was a 10% to 20% chance that artificial intelligence could wipe out human existence within 30 years.

And in 2025, he deeply regretted his life’s work – four decades of investing in the development of the complex, confounding generative tools of the new millennium.

Yuval Bengio spent years warning us about the dangers of advanced AI, cautioning whoever would listen that artificial intelligence systems could, one day not very far away, turn against their human creators.

If we tend to be a tad sceptical – some moguls of machine learning made a mountain of moolah before divesting their shares in generative AI stocks – it doesn’t necessarily mean humanity shouldn’t sit up and take notice.

Or unplug ChatGPT, lock up Anthropic and imprison Perplexity in some online black hole, and throw away the keys…

Just this week, a seemingly innocent pastime took social media by storm. The image illustrating this piece speaks volumes of the pleasure it brought to even flea-bitten cynics and critics of anything trendy.

It took an H. L. Mencken-admiring, G. K. Chesterton-worshipping, Christopher Hitchens-idolising hack to ask: where is the beef?

‘A fun trend today is #generativeaiart churning out cartoons and caricatures to take #socialmedia by storm. Is there a more dangerous side to uploading one’s image to an #artificialintelligence #chatbot platform though since your #biometrics can now be used/shared sans your consent?’ he tweeted on X.

Ahem. And like Pontius Pilate asking, ‘What is the truth?’ – he did not wait for an answer.

Be that as it may – a more pertinent issue to pose to my readership than mulling over the concerns raised by Geoffrey Hinton, et al. may be how long humankind has dealt with the very idea of ‘artificial intelligence’ in one form or the other.

And that will be the prompt of this piece, plus the driving question being asked simultaneously in the background of our search engine in this column today.

The past is prologue

Like Alice in Wonderland, let us begin at the beginning.

Before the emergence of anything resembling AI, there were myths, automata and artificial life forms. Long before science had any idea of artificial intelligence, culture imagined man-made beings that moved on their own or thought independently. Several ancient – and later, medieval – precedents set the tone.

The Greek myth of Hephaestos’s mechanical servants is as well known as the tale of Talos the bronze giant – made by human hands, yet animated by some other force or spirit.

In Jewish folklore, there was the Golem, which was created to protect, but remained potentially uncontrollable.

And many medieval legends were rife with accounts of talking heads built by magicians like Albertus Magnus or scholars such as Roger Bacon.

Later – in the early 18th and 19th centuries – there was a fascination with automata. These early creatures of a mechanical imagination spanned the gamut from clockwork ducks and music boxes to the chess-playing ‘Mechanical Turk’ automaton.

In this area, philosophers debated whether human beings themselves may be some sort of machines – as Julian de la Mettrie did in his ‘Man, a Machine’ (1747).

An emerging theme for debate and decision was: ‘If humans can create life, what rules and responsibilities follow?’

Frankenstein’s monster

After this era came the emergence of what we could consider ‘proto-AI’ in early-modern literature – and the emergence of the themes of human intelligence, creation of artificial life, and attendant hubris.

First among equals in this respect was Mary Shelley’s ‘Frankenstein’ (1818). Often cited as the ur-text – the original or earliest version – of creation gone wrong, this 19th century novel did not deal with AI so much as set the foundational framework for considering the following issues. Creator vs. creation (NOTE. ‘Frankenstein’ was the name of the genius who gave his creation life. so the ogre is not so named – rather, it is, more correctly, ‘Frankenstein’s monster’); ethical responsibility of humans for their created beings; alienation between creator and creature; and the consequences of ambitious technological over-reach.

Then came Samuel Butler’s “Darwin among the Machines’ (1863), a speculative essay surmising – and perhaps even predicting – that machines might evolve and surpass (we may feel, ‘dominate’ or even say, ‘annihilate’) their human manufacturers.

And finally, for the purposes of this piece at least, there was Edward S. Ellis’s ‘The Steam Man of the Prairies’ (1868), which fielded a popular fictional adventure featuring mechanical servitors, and raising the issues of power, control, and the danger of novel innovations.

In all of the above, an overarching theme was technology as an evolutionary tool – and also a rival – and a mirror held up (often with disastrous repercussions) to the all-too human pride in humanity’s handiwork.

The turn of I, Robot

At the dawn of the modern era, AI got a name with the arrivals of ‘robots’. Czechoslovakian writer Karel Capek, in his RUR: Rossum’s Universal Robots (1920), introduced the word ‘robot’ – from the Czech ‘robota’, meaning ‘forced labour’.

These robots were biological machines, built primarily to work for their human masters. They, however, upon developing an awareness of self over and above plain consciousness, revolted. This was to be the harbinger of a recurring AI nightmare in the present discourse – how human creation could lead to exploitation, robotic awareness, and ultimate rebellion.

There was also the 1929 film, ‘Metropolis’, in which Fritz Lang’s iconic robot, Maria, brought to the fore seduction, and underscored the possibility of deception and class anxiety – the spectre of technology misused by elites.

Bicentennial man and other bots

Of the greatest pertinence, perhaps – and certainly, relevance, in terms of developing safeguards to stave off potential existential threats to humanity from AI was what came next. the Golden Age of science fiction – in which rules, logic and control were paramount.

In the 1940s and ’50s, the prolific sci-fi author Isaac Asimov was the principal game-changer. He reframed the AI of his times – robots – as problems in logic, not monsters out of control.

This first person of the trio known as science fiction’s ‘Big Three’ (our own Sir Arthur C. Clarke and Robert Heinlein being the others, with Ray Bradbury arguably the ‘fourth person of the trinity’) was instrumental in developing the Three Laws of Robotics.

Later, he added the ‘Zeroth Law’ – ‘A robot may not harm humanity, or, by inaction, allow humanity to come to harm’ – which is of great significance in an age combatting the demons of artificial intelligence going rogue.

In Asimov’s stories, conflict arose from ambiguous instructions, errors of judgement and human-machine contradictions in tales such as ‘I, Robot’ and ‘The Bicentennial Man’, which it influenced; ‘The Caves of Steel’; and the ‘Foundation’ and ‘Empire’ mega-narratives.

And the dominant themes in which our own era, embattled on the one hand by generative AI moguls and beleaguered by artificial intelligence jail-breakers – those who prompt it to do their unethical bidding to humanity’s possible detriment – are many.

They include the hoary questions: ‘Can ethics be programmed into bots?’ ‘Where does machination end and personhood begin?’ and ‘Can fear shift from misinterpretation to violence to unintended, cataclysmic consequences?’

HAL in 2001

Soon after this the Cold War era gave rise to anxiety over machine intelligence and intelligent machines.

The iconic 2001: A Space Odyssey (1968), the master work of Stanley Kubrick and Arthur C. Clarke, introduced the unforgettable, unflappable HAL 9000 – calm, smart, polite. and deadly. The original sci-fi Odyssey (the Homeric prototype dealt with human intelligence) was a study in contrasts: obedience versus secret plotting, trust in smart machines against human fallibility, and clever AI as tragic – not simply evil.

In the same year, questions about identity and empathy came to the surface with Philip K. Dick’s ‘Do Androids Dream of Electric Sheep?’ (1968). The issue was this – if machines can also feel, or think they feel and simulate it so convincingly that we can’t tell a bot apart from a bud, what then makes any one of us – or them – human?

The sci-fi lit and film genres of the 1960s and ’70s saw these themes being deeply and meaningfully explored: consciousness, emotion versus simulation, and moral and ethical ambiguity.

Romancing the new robots

The late 20th century – when Grok was still far from our greedy grasp – was a time for cyber-punk, networks and control issues to creep out of the woodwork. William Gibson’s ‘Necromancer’ (1984) had AI existing inside global networks with corporations controlling them. an early enough prophecy of how Musk et al. would shape the world to come.

And like now, in this nightmarish vision, artificial integration sought autonomy and self-integration – decentralisation of power and control, hacking rogue AIs, and identity dissolution were dominant themes. Prophetic, wasn’t it?

Neal Stephenson’s ‘Snow Crash’ (1992) featured software development, language-based algorithms, and virus-like memes. Intelligence had become information. Soon, a slew of frighteningly future-predicting films and their numerous sequels followed: Blade Runner, Terminator, the Matrix. This powerfully loaded popular culture fused anxiety about artificial intelligence surveillance concerns, fuelled free will versus destiny debates, and described how humans could potentially be trapped – and doomed – within the systems they had built.

At the turn of the millennium, AI was no longer a bit part player but a complex and ever-evolving system. Corporate power came out of the closet, data became the major mode of transacting control, and virtual reality was now indistinguishable from reality.

All about Her

The first two decades of the 21st century was something of a turning-point. Everyday AI made the ethics and intimacy of artificial intelligence the talk of the town and tapas bars everywhere. As bots became more real to many and life-like to most, the corresponding literature pivoted from the speculative to the spectacular.

Ted Chiang’s ‘The Lifecyle of Software Objects’ (2010) depicted artificial intelligence as something (or someone?) that needed time, training, and relationship skills – not just code. Ian McEwan’s ‘Machines Like Me’ (2019) demonstrated in an alternative history that moral dilemmas abound with life-like androids.

Filmic examples that revisited these themes – rights and dignity, dependency and companionship – included ‘Her’ and ‘Ex Machina’. Others – including some thought-provoking and even mind-bending episodes of Black Mirror on Netflix – explored the moral limits of hi-tech engineering; and bias, responsibility and corporate design choices.

Last not least – master craftsman Kazuo Ishiguro provided a quiet, intimate perspective of an artificial friend (from the other side, as it were) in ‘Klara and the Sun’ (2021).

Outside the orbit of sci-fi films and novels, the DNA of AI and its children seeped into other spheres of human existence and endeavour.

While literary fiction explored interiority and ethics, theology and philosophy tapped into the parallel veins of God, creativity/destruction, the soul, free will, and a plethora of other sticking-points that made all the sensitive and intuitive stumble.

Not to be left behind (postcolonial) or outdone (feminist), other literature examined how AI functions as a metaphor for exploitation, servitude and voices on the margins of society.

To end on a happy note. children’s stories such as ‘The Iron Giant’ characterised friendly robots, playing with the felicitous themes of curiosity, growth and coming of age.

The final prompt

So how do we save the world from rogue AI, you ask? Well, ‘reading’ (it turns out) – both books and movies – well, and again, and with discernment, holds the key. And, we have been doing just since the dawn of consciousness about bots and other burdens that artificial intelligence increasingly introduces into our cares, concerns and conversations today. In the end, all those questions and answers about AI are about us:

Our fears about losing control. Our hope for help as we work and companionship as we play. Our guilt about exploitation. Our curiosity about consciousness. Our anxiety about power structures and systemic inequality. Our existential angst as we ask ourselves who we really and truly are.

There is cause or reason – as we read the book again or rewatch that movie – to be as hopeful for the human spirit and resilience tomorrow as we are harried about artificial intelligence today.

Sanasa Life to raise over Rs. 1 b via Rights and debenture

Sanasa Life Insurance Company PLC yesterday said it will raise over Rs. 522 million via a Rights Issue, on top of a proposed Rs. 500 million debenture issue last month.

The Rights involve 52.2 ordinary shares at Rs. 10 each to raise capital as part of a broader capital enhancement plan to restore its solvency position.

The offer, approved by the Board on Tuesday (10), will be made to shareholders on the basis of one new share for every two shares held as at 10 February 2026. The new shares will rank pari passu with existing shares upon issue.

The company’s existing stated capital stands at Rs. 1.04 billion by 104,534,556 ordinary shares. Upon full subscription, stated capital will increase to nearly Rs. 1.57 billion.

Sanasa Life said the proceeds, net of issue expenses, will be utilised to strengthen its solvency margin. The Rights Issue alone will not be sufficient to meet the required solvency threshold but forms part of a wider capital plan that includes a proposed Rs. 500 million debenture issue disclosed earlier to the Colombo Stock Exchange (CSE).

As at 31 December 2025, the company’s Capital Adequacy Ratio (CAR) stood at 43.66%. After certain asset disposals, the CAR improved to 49.51% prior to the Rights Issue. The Rs. 522.67 million equity infusion is expected to increase the CAR by 51.13%, bringing it to 100.64%, while further measures including the proposed debenture issue and other initiatives are projected to lift the CAR to 164% .

The Insurance Regulatory Commission of Sri Lanka (IRCSL) suspended the company’s registration to carry on long-term insurance business from 5 December 2025 citing, among others, non-compliance with solvency margin rules, failure to maintain sufficient approved assets to cover insurance liabilities, and submission of inaccurate quarterly information. The suspension has since been extended up to 3 March 2026.

The IRCSL has also indicated the possibility of appointing an administrator if the company fails to comply with Risk Based Capital Rules within the stipulated timeframe.

An Extraordinary General Meeting to approve the basis of allocation of shares under the Rights Issue will be held on 25 February in Colombo. The acceptance period for the offer will run from 26 February to 28 February.

The Securities and Exchange Commission of Sri Lanka (SEC) has granted approval for the Rights Issue under Section 81 of the SEC Act on 27 January.

The company reported a net asset value per share of Rs. 22.61 as at end-September 2025. Senthilverl Holdings was the top shareholder as of that date at 19.10%, followed by Sanasa Federation with 10.50%.

Keells Nexus introduces all new Loyalty App

Keells is set to usher a new chapter in customer experience with the relaunch of Keells Nexus with the introduction of its all-new loyalty app on 13 February.

For 25 years, Keells Nexus has been at the heart of Sri Lankan retail, pioneering coalition loyalty and even introducing mobile-based loyalty as early as 2014. The loyalty program is building on this legacy, combining state-of-the-art technology with richer, more personalised rewards and seamless integration across the Keells ecosystem with an intuitive mobile experience.

Today, Keells Nexus stands at over 2 million registered members, a reflection of the trust customers place in Keells and the brand’s commitment to improving the quality of life for the nation. The launch further strengthens Keells’ long-standing focus on tech-enabled retail efficiency, following innovative retail experiences to customers such as self-checkout counters and retail technology that drives efficiency such as advanced inventory management systems.

The new app therefore is the next logical step in this journey, bringing together rewards, offers, and account visibility in one intuitive, streamlined interface. The new Keells Nexus app brings together all deals, savings and partner offers in one place, giving customers complete visibility and control. Members can track their points in real time, scan a QR code at checkout to earn rewards instantly, and enjoy a more personalised, more connected shopping experience.

Keells Supermarkets Head of Marketing and John Keells Holdings Senior Vice President Nilusha Fernando said: ‘At the heart of Keells Nexus is a simple but powerful belief that life is better when we’re connected. The ‘us’ in Nexus represents the families we serve, the communities we’re part of, and the everyday moments that matter. This app brings our purpose to life by helping customers save more, enjoy exclusive rewards and feel part of a caring, loyal community.’

To deliver this next-generation platform, Keells partnered with Apadmi-an industry leader in mobile technology renowned for building high-performance apps for global brands. The strategic partnership with Salesforce and Cyntexa ensured an optimum back end functionality for the launch of this app.

John Keells Holdings Head of IT, Retail Sector and Senior Vice President Osanda Warnekulasooriya said: «Working with Apadmi has been an incredible learning experience. We collaborated with true mobile experts gaining valuable insights not only into product development, but also best practices in sprint planning, UX, and digital architecture. Their expertise has helped us build a loyalty platform that’s designed for scale, simplicity and future innovation. The Collaborative partnership that included Salesforce and Cyntexa ensured that the backend systems were in place to support the launch and operationalisation of the app.’

Apadmi expressed equal enthusiasm for the partnership and the vision behind the project.

Apadmi Chief Growth Officer Mark Collin said: ‘We are really proud to partner with Keells, which has a strong culture of innovation. Nexus Rewards is shaping the future of digital services and our goal was to create an app which elevates loyalty through both rewards value, as well as a genuinely engaging experience. The teamwork and collaboration between continents has been a joy to behold and we’re excited to see how the platform evolves and further strengthens the relationship between Keells and its customers.’

Through this relaunch, Keells reinforces its role not just as a retailer, but as a brand committed to improving the quality of life for the nation. Keells Nexus continues to stand for togetherness, value and shared progress turning the everyday shopping into something more meaningful. As a brand synonymous with innovation and a track record of industry firsts, Keells continues to push boundaries modernising one of Sri Lanka’s most longstanding and trusted loyalty programs ultimately providing customers with convenience and rewards that matter.

Pitch Capital to unveil ‘Dutch Empire’ tomorrow

Blending heritage with high-end coastal living, Pitch Capital Properties is set to unveil its latest flagship development, ‘Dutch Empire’ Lands and Villas, in Devundara, tomorrow (14 February).

Positioned near the iconic Dondra Head Lighthouse at Sri Lanka’s southernmost tip, the project taps into the region’s rich maritime legacy while targeting the growing demand for premium lifestyle investments along the island’s southern coastline.

Set against a backdrop shaped by centuries of global trade, including links to the ancient maritime Silk Road, Devundara is fast emerging as a strategic tourism and real estate hotspot. With ‘Dutch Empire’, Pitch Capital Properties aims to transform this historically significant coastal belt into a curated residential and villa enclave designed for discerning investors seeking both capital appreciation and destination-driven value.

Drawing conceptual inspiration from the Dutch Ceylon period (1640-1796), the project acknowledges the architectural and coastal planning influences that shaped much of southern Sri Lanka’s heritage. ‘Dutch Empire’ reinterprets that legacy through a contemporary, tourism-driven development model, positioning Devundara as a refined beachfront investment destination.

Designed as a low-density, boutique coastal enclave, the project will feature sixteen exclusive villas set on premium beachfront land plots, ensuring privacy, space and long-term value appreciation. In a move that blends cultural storytelling with experiential tourism, plans are also underway to incorporate a concept Dutch Museum within the development precinct, adding a distinctive heritage dimension to the property.

The project is positioned to attract discerning investors seeking secure, long-term coastal assets within Sri Lanka’s expanding tourism economy.

Pitch Capital Properties Managing Director Sugath Vithanage said: ”Dutch Empire’ has been carefully master-planned with a strong focus on privacy, spatial openness and long-term value preservation. With villa prices starting from Rs. 65 million and land plots priced from Rs. 2.5 million per perch upwards, the development offers a structured entry point into premium beachfront ownership’.

He further noted that the project’s direct beachfront access, tourism-oriented investment positioning and strictly limited inventory of just sixteen villas are key factors driving its exclusivity and long-term appreciation potential.

The architectural vision of ‘Dutch Empire’ has been entrusted to Design Consortium (Pvt) Limited, with a concept anchored in measured elegance, climatic responsiveness and historical continuity.

Explaining the design philosophy, Vithanage noted that the project does not attempt to replicate colonial forms, but instead reinterprets the proportion, structural discipline and environmental sensitivity associated with Dutch coastal architecture. The emphasis is on timeless spatial quality rather than ornamental revivalism.

Key architectural principles include clean geometric lines and restrained façades, shaded verandahs and deep overhangs to enhance tropical comfort, natural cross-ventilation and passive cooling strategies, and a seamless integration of landscape into built form. The overall master plan adopts a low-rise, low-density approach, reinforcing privacy while ensuring the development remains environmentally responsive and investment resilient.

Pitch Capital positions ‘Dutch Empire’ as more than a conventional residential development. It is conceptualised as a tourism-linked asset platform aligned with Sri Lanka’s broader hospitality growth trajectory.

Hayleys shines at CA Sri Lanka’s TAGS Awards Diamond Chapter

As the curtains fell on a landmark celebration of corporate excellence, the prestigious TAGS Awards marked its 60th anniversary with a grand finale that recognised organisations ranging from top corporates to small and medium enterprises (SMEs) for their exceptional corporate reporting.

Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Diamond Chapter of the TAGS Awards, held yesterday at the Shangri-La, Colombo, celebrated six decades of championing transparency, accountability, governance, and sustainability in both financial and non-financial reporting. The evening shone a spotlight on organisations that have not only embraced corporate reporting but elevated it to a standard of distinction, setting new benchmarks across Sri Lanka’s corporate landscape.

At the heart of the celebration, Hayleys PLC emerged as the evening’s defining achiever, ascending to the pinnacle of corporate excellence by securing the Gold Award for Overall Excellence in Corporate Reporting.

The Silver Award under Overall Excellence in Corporate Reporting was jointly conferred upon Commercial Bank of Ceylon PLC and Softlogic Life Insurance PLC, while the Bronze Award was shared by Hatton National Bank PLC and John Keells Holdings PLC.

The historic 60th anniversary was graced by Esteemed Guest Labour Minister and Finance Deputy Minister Dr. Anil Jayantha Fernando, Chief Guest Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe, and Guest of Honour Treasury Secretary Dr. Harshana Suriyapperuma.

Also in attendance were CA Sri Lanka President Tishan Subasinghe, Immediate Past President Heshana Kuruppu, Vice President Anoji de Silva, TAGS Awards Chairperson Chamila Cooray, TAGS Awards Alternate Chair Nishani Perera, Colombo Stock Exchange Chairman Dimuthu Abeyesekera, CEO Rajeeva Bandaranaike, CA Sri Lanka CEO Lakmali Priyangika, and Final Panel of Judges Chairperson K.M.A.N. Daulagala, along with other distinguished guests.

The grand finale also honoured an elite group of 10 organisations, recognising them with the prestigious ‘Top 10’ ranking for outstanding corporate reporting excellence for the year 2025. The ‘Top 10’ were Aitken Spence PLC, Ceylinco Life Insurance Ltd., Commercial Bank of Ceylon PLC, Diesel and Motor Engineering PLC, Hatton National Bank PLC, Haycarb PLC, Hayleys PLC, John Keells Holdings PLC, LB Finance PLC, and Softlogic Life Insurance PLC.

The special awards segment recognised excellence across key reporting disciplines. In the Corporate Governance Disclosure – Financial Services category, Commercial Bank of Ceylon PLC secured Gold, Hatton National Bank PLC won Silver, and LB Finance PLC received the Bronze. In the Corporate Governance Disclosure – Non-Financial Services category, Hayleys PLC won Gold, John Keells Holdings PLC secured Silver, while Ceylon Cold Stores PLC and Haycarb PLC jointly received Bronze.

The Integrated Reporting category saw Hayleys PLC once again win Gold, with Silver jointly awarded to Commercial Bank of Ceylon PLC and Softlogic Life Insurance PLC, and Bronze secured by John Keells Holdings PLC. In the critical area of Sustainability Reporting, Hayleys PLC earned Gold, Softlogic Life Insurance PLC received Silver, and Diesel and Motor Engineering PLC was awarded Bronze.

The forward-looking Digitally Transformative Reporting category recognised Softlogic Life Insurance PLC with Gold, while Silver was jointly awarded to Hayleys PLC and LB Finance PLC, and Bronze was shared by Commercial Bank of Ceylon PLC and John Keells Holdings PLC.

Addressing the gathering, Subasinghe stated that the event marked a landmark moment to honour a six-decade legacy of excellence in reporting and to reaffirm the collective commitment to transparency, accountability, governance, and sustainability-principles that form the very foundation of a modern, resilient economy.

‘May this Diamond Chapter inspire a future where Sri Lanka’s corporate reporting shines with unwavering integrity and may our shared pursuit of excellence continue to illuminate the path towards a prosperous and sustainable nation for all,’ he added.

In her address, Cooray elaborated that what began as the Annual Report Awards in 1964 evolved into the TAGS Awards in 2022, becoming a beacon of corporate integrity and a benchmark for excellence.

‘This journey is not merely about reflecting on the past with pride but about looking ahead with purpose. It reaffirms our unwavering commitment to elevating corporate disclosure standards and fostering a culture of trust and innovation,’ she said.

The celebration extended beyond the main and special awards, with organisations recognised across 35 distinct sectors, each receiving Gold, Silver, and Bronze awards. In addition, companies that met the required criteria were presented with Compliance Certificates.

Havies poised for third-place finish in CH Showdown

CH and FC and Havelock Sports Club will square off for third position in the Inter-Club Rugby League when they meet at the Race Course Grounds on 15 February.

Kick-off is scheduled at 4 p.m.

The outcome will determine quarter-final matchups. The winning side is set to meet Police SC, while the defeated team will face Air Force in two weeks’ time. With the top four ranked teams earning home advantage, finishing third offers a valuable strategic edge.

CH enter the contest seeking redemption after their 26-16 Super Round defeat to CR and FC. The Gymkhana Club had displayed cohesion in earlier outings but faltered at key moments in that decisive clash, ending their hopes of a place in the Super Final.

Despite that setback, CH have shown consistency throughout the league. Skipper Janidu Dilshan’s leadership, combined with Janith Chandimal’s dependable goal-kicking, Mohamed Absal’s tireless work rate and Koli Thamanikalu’s physical presence, provides a balanced and competitive unit.

Havelocks, meanwhile, will be equally motivated after their title ambitions were dashed by defending champions Kandy Sports Club. The Park Club have demonstrated resilience all season, even after losing influential leader Sandesh Jayawickrema midway through the campaign.

Under the guidance of head coach Saliya Kumara, Havies have remained disciplined and competitive. Their forward pack has arguably been among the strongest in the league, with Abdullah Faiz and Azmir Fajudeen consistently delivering dominant performances in tight exchanges. Sadly their full back, Samuel Maduwantha been average this season cost them a lot. A top-class place kicker with his injuries failed to live up to his expected high standards.

Out wide, the pace and finishing ability of Jayathu Rajarathna will test the CH defence, particularly if provided quality possession from a hard-working pack.

With pride, ranking and momentum at stake, a fiercely contested battle is anticipated. Thai referee Dechdanai Wongyuen will officiate, ensuring firm control in what promises to be an intense and tactical encounter.

Premadasa flags highest US tariff on apparel exports

Opposition Leader Sajith Premadasa has criticised the Government over what he described as Sri Lanka facing the highest tariff rate in the region on apparel exports to the US, cautioning that it would erode competitiveness in a key foreign exchange earning sector.

In a post on ‘X,’ Premadasa noted that Bangladesh had secured a tariff rate of 19% and India 18%, while Sri Lanka remained at 20% without sector-specific concessions for garments.

‘With 70% of US exports being garments, a 20% tariff will make Sri Lankan products significantly less competitive than other alternatives,’ he said.

Premadasa contended that maintaining the highest tariff among regional peers would disadvantage Sri Lankan exporters in the US market, particularly given the heavy concentration of apparel in shipments to the US.

3P Media strengthens Google Platform offering across ads, data and measurement

3P Media, a Roar Global company, has expanded its Google marketing capabilities to offer unified solutions across Google Ads, Analytics, and advanced Google Marketing Platform (GMP) tools, strengthening how Sri Lankan brands plan, execute and measure digital performance.

The latest suite of Google Marketing solutions offered by 3P Media and their combined utility to power brand growth was revealed at a recent event held in Colombo; where digital marketers, brand leaders and agency partners converged to join a conversation on optimising the Google ecosystem for brand growth.

3P Media Regional Account Director Jaynevieve Davidson said: ‘Over the years, we’ve seen how Google can transform the way brands grow and perform. The brands that sustain this growth are those that connect platforms, data, and measurement to drive outcomes that matter. Our focus is on helping brands do this with better clarity and confidence.’

Access to Google’s enterprise-grade solutions stands out as a core differentiator in 3P Media’s offering, enabling brands to plan, activate, and measure at scale. The expanded offering brings together varied expertise across Google Ads, Google Analytics, Tag Manager, Merchant Centre, Firebase, Display and Video 360, Search Ads 360, Campaign Manager 360 and Looker Studio.

Roar Global Chief Commercial Officer Prash Balakrishnan said: ‘3P Media is now extending local settlement solutions exclusively to its clients, making it easier for brands in Sri Lanka to access Google’s marketing platforms. Beyond platform expertise, 3P Media works closely with brands across optimisation, training, local billing facilitation, and performance led consulting, ensuring clients can fully leverage Google’s ecosystem through a single, trusted partner.’

This expanded offering reflects a broader shift in the digital marketing landscape, where performance is increasingly shaped by driving audience engagement with the use of right data, executing campaigns on advanced platforms and shifting to measurement maturity over single-channel execution.

India beat Namibia by 93 runs

India rode on half centuries from Ishan Kishan and Hardik Pandya to register a comfortable 93-run victory over Namibia in the Group A T20 World Cup 2026 match in New Delhi yesterday.

Ishan blasted 61 off just 24 balls up front and Hardik struck 52 off 28 balls to take India to 209 for nine, the side’s third-highest team total in a T20 World Cup match.

Varun Chakaravarthy then delivered three wickets for just seven runs to restrict Namibia to 116 runs. Jasprit Bumrah, returning after missing the opening match against USA, ended with one for 20 from his four overs.

India is now top of Group A with four points from two games and face Pakistan in Colombo on Sunday in its next match.

Mercantile Investments opts for Rs. 1.1 b Rights Issue

Mercantile Investments and Finance PLC has announced a Rights Issue to raise Rs. 1.1 billion to strengthen its capital base and enhance regulatory capital adequacy.

The Board of Directors on Wednesday (11) resolved to increase stated capital by issuing 33.4 million new ordinary voting shares at Rs. 33 each in the proportion of one new ordinary share for every 18 existing ordinary shares held by shareholders as at the date of entitlement.

The company’s stated capital stood at Rs. 36 billion, represented by 601.2 million ordinary voting shares as at 31 December 2025.

The company said proceeds from the issue will be utilised to strengthen the capital base and improve capital adequacy ratios in line with projected business expansion, while ensuring compliance with regulatory capital requirements applicable to finance companies.

The proposed Rights Issue has been approved by the Central Bank of Sri Lanka (CBSL) by letter dated 11 February.

The issue remains subject to approval in principle by the Colombo Stock Exchange (CSE) for listing of the new shares, as well as shareholder approval by way of an ordinary resolution at an Extraordinary General Meeting.

The share price of Mercantile Investments ended Rs. 0.50 lower yesterday at Rs. 34.

The company reported net assets of Rs. 5,141 per share as of end-September 2025. The public float was 16.09% comprising 240 shareholders as of 6 November 2025.

Top shareholders were Nilaveli Beach Hotels (20.94%), G.G. Ondaatjie (16.12%), A.M. Ondaatjie (16.12), T.J. Ondaatjie (16.12%) and Mercantile Fortunes (13.81%).