Sri Lankan printer Sathis Abeywickrama recognised as a ‘Flexo Avenger’ at Flexo Summit Asia 2026

There are moments in an industry’s history when progress begins with a seemingly ordinary question: Why can’t we do this ourselves?

For Upendra Sathis Abeywickrama, that question became the beginning of a journey that would span almost five decades and help reshape an important segment of Sri Lanka’s printing and packaging industry.

In August 2026, at Flexo Summit Asia in Bengaluru, India, Abeywickrama was recognised as a ‘Flexo Avenger’, a recognition presented to converters who have made a significant impact on the development of flexographic printing. He was featured in the session, ‘Flexo Avengers: Converters who Changed the Game,’ alongside leading industry figures from the region.

For Sri Lanka, the significance of the recognition goes beyond one individual.

It represents a journey that began at a time when much of the specialised packaging required by the country’s export industries was sourced from overseas.

Abeywickrama entered the printing industry in 1978 as a Management Trainee at Aitken Spence Printing. What was initially expected to be a temporary engagement while awaiting his A/L examination results became a lifelong career. Over the years, he developed expertise in printing, packaging and international business before establishing Print USA in 1989.

Then came Flexiprint.

In the early 1990s, Sri Lanka’s tea industry was expanding its value-added exports, but tea bag tags and envelopes were largely being imported, particularly from the United Kingdom and Japan. Rather than viewing this simply as a commercial reality, Abeywickrama saw an opportunity for Sri Lanka to develop its own manufacturing capability.

Flexiprint was established in 1994.

The idea was straightforward. The execution was anything but.

At the time, Abeywickrama did not have direct experience in flexographic printing. He had to learn the technology from the ground up and confront an important question facing the industry: could flexography deliver the colour consistency, registration accuracy and print quality expected from gravure and offset printing?

The answer, ultimately, was yes.

Through research, process control and continuous innovation, Flexiprint demonstrated that flexographic printing could achieve world-class standards.

But perhaps the more important question was not whether flexography could print well. It was whether it could print responsibly.

Tea packaging sits close to the food product itself. During his study of the technology, Abeywickrama identified the widespread use of solvent-based and dye-based inks in tea tag production and questioned whether there was a safer and more environmentally responsible alternative.

That thinking led Flexiprint towards water-based inks, making it one of the pioneers in Asia to adopt the technology for tea packaging. Food safety, quality and environmental responsibility subsequently became central to the company’s approach.

This is where the story becomes bigger than flexography.

A manufacturing company can import technology. It can purchase machinery. It can recruit expertise. But building an industry capability requires something more difficult: the confidence to believe that a product made in Sri Lanka can stand alongside products manufactured anywhere else in the world.

Over the years, that confidence translated into an international business.

Flexiprint developed into a manufacturer of tea bag tags, tea envelopes, tagged pyramid mesh tea bags and specialty labels, supplying customers across Asia, Europe, Africa, the Middle East and North America.

In that sense, the journey mirrors an important opportunity for Sri Lankan manufacturing.

The country has long possessed strengths in sectors such as tea, apparel and agriculture. The next level of value creation, however, lies in developing the specialised technologies, components and services that support those industries. The story of Flexiprint illustrates how an apparent dependence on imports can become an opportunity for domestic industrial capability and export growth.

Yet Abeywickrama’s philosophy remains remarkably people-centred.

He does not describe success as the achievement of one individual. His leadership approach places employees, suppliers and customers at the centre of the business, grounded in integrity, transparency, respect and continuous improvement.

His view of leadership is equally direct: a leader should set standards, provide solutions and work alongside the team. He believes that because he has worked through the industry himself, he understands the contribution made at every level of an organisation.

That philosophy perhaps explains why the story has endured.

The company has received international recognition, including awards from the Flexographic Technical Association in the United States, alongside Presidential Export Awards, National Business Excellence Awards and a Lifetime Achievement Award for Abeywickrama’s contribution to Sri Lanka’s printing industry.

But the latest recognition carries a different symbolism.

To be named a ‘Flexo Avenger’ in a major Asian industry forum is not merely an acknowledgement of commercial achievement. It is recognition of a willingness to challenge conventional thinking, adopt new technology, build local expertise and keep raising the standard.

Perhaps that is the most fitting description of Abeywickrama’s journey.

He did not set out simply to build another printing company. He saw a gap in Sri Lanka’s industrial capability and chose to close it. He saw imported products and imagined local manufacturing. He saw an emerging technology and learned it. He saw environmental and food-safety concerns and sought a better solution.

And, over time, what began as one company’s ambition became an international statement: that sophisticated packaging made in Sri Lanka can compete with the world.

The ‘Flexo Avenger’ recognition in Bengaluru therefore belongs not only to a veteran of the printing industry. It also belongs to an idea – that Sri Lankan industry can move from being a consumer of technology to becoming a creator of capability.

Govt. moves to strengthen anti-corruption law

Prime Minister Dr. Harini Amarasuriya yesterday presented the amended Anti-Corruption Bill to Parliament, seeking approval for changes aimed at strengthening Sri Lanka’s framework for preventing, investigating, and prosecuting corruption.

According to the Prime Minister’s Media Division, the proposed amendments seek to address legal and interpretation issues identified during implementation of the existing law, including inconsistencies between the Sinhala and English texts.

The changes also address practical and technical issues relating to corruption investigations and prosecutions, the administration of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), and the submission of declarations of assets and liabilities through the centralised electronic system.

The Government said the amendments would strengthen the legal framework required for the CIABOC to carry out its functions and enable more efficient implementation of the Anti-Corruption Act.

Sri Lanka-China Business Council holds 25th AGM

The Sri Lanka-China Business Council (SLCHBC) of The Ceylon Chamber of Commerce held its 25th Annual General Meeting recently, marking a quarter-century of partnership and reaffirming its commitment to strengthening bilateral economic cooperation with China.

SLCHBC outgoing President Haroun Cader delivered his farewell address after two years at the helm of the Council. He reflected on key milestones of his tenure, including the Sri Lanka-China Trade and Investment Forum, which brought together more than one hundred Chinese delegates and a broad cross-section of Sri Lankan industry, and the Renminbi Internationalisation Forum held in October 2025, which explored wider use of the Chinese currency in bilateral trade to reduce conversion and transaction costs. Cader acknowledged the continuing trade imbalance between the two countries and called on Sri Lanka to identify more competitive export products and services while encouraging investment that creates employment, transfers technology, and strengthens local industries.

Incoming President Sampath Kumara, in his inaugural address, outlined the Council’s future plans which include focusing on supporting the successful implementation of the Sri Lanka-China Bilateral Trade Agreement, sharpening business-matching efforts between Sri Lankan and Chinese companies and attracting greater Chinese investment into joint ventures that combine Sri Lankan expertise with Chinese technology and market access. The Executive Committee for 2026/27 comprises: President Sampath Kumara, Senior Vice President Chandrika Ranawaka, Vice President Mohamed Hameez, Treasurer Adheesha Salpitikorala, Immediate Past President Haroun Cader. Committee Members – Dulith Ahangama, Samuddika Mendis, Anil Koswatta, Bharatha Subasinghe, Damith Jayawardana, Lushan Nalinda Rizwan Jowhersha, Rajeeban Arumugam, and Rakitha De Silva. The Council also welcomed Dr. Lasantha Wickramasooriya, Jay Ong, Chaminda Perera, Ted Muttiah, and Prabath Harshakumar as Honorary Members.

The SLCHBC continues to play a critical role in fostering trade, investment, innovation, and sustainable partnerships between Sri Lanka and China.

CA Sri Lanka launches Business Language School and national ‘StepUp English’ CSR initiative

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is broadening its role in shaping a more connected, confident and future-ready Sri Lanka with the launch of its School of Business Languages for professionals and StepUp English, a national CSR initiative offering free English language learning to students aged 15 and above across the country.

Together, the initiatives extend CA Sri Lanka’s commitment beyond professional qualifications, equipping professionals and young Sri Lankans with the language, communication and broader skills needed to embrace opportunities in an increasingly interconnected world.

The School of Business Languages was officially launched on 17 August 2026, to empower Chartered Accountants, business professionals and others with language, communication and cross-cultural capabilities to connect, collaborate and compete in an increasingly global business environment.

The launch was attended by CHEC Port City Colombo Assistant Managing Director Bai Xiaping, representatives from the Embassy of the People’s Republic of China in Sri Lanka, CA Sri Lanka President Tishan Subasinghe, Vice President Anoji de Silva, School of Business Languages Committee Chairperson Jani Ganeshan, and CEO Lakmali Priyangika.

Recognising that professional success today extends beyond technical expertise, the School of Business Languages will offer programs tailored to the evolving needs of professionals. Effective communication, cultural understanding and the ability to engage confidently across borders are increasingly important as businesses, investment and professional opportunities become more international.

The School’s initial offering includes Foundation in Chinese for Business Professionals, commencing in September 2026, and Business English for Professionals, commencing in October 2026. Arabic Language for Business Professionals and French Language for Business Professionals will follow as upcoming programs, providing learners with opportunities to build language capabilities and communicate with greater confidence across international markets, cultures and business environments.

Extending this commitment from the professional community to the next generation, CA Sri Lanka also launched StepUp English, a national CSR initiative aimed at helping Sri Lankan students aged 15 and above strengthen their English language skills and build confidence for higher education, future employment and wider opportunities.

Offered free of charge to students countrywide, StepUp English reflects CA Sri Lanka’s sense of national responsibility in its standing as the national body of accountants to broaden access to essential skills and support the development of a more confident, capable and future-ready generation.

Through StepUp English, CA Sri Lanka seeks to make English language learning more accessible to young Sri Lankans, regardless of where they live, while helping them build the communication skills needed to participate more confidently in education, employment and an increasingly interconnected world.

CA Sri Lanka President Tishan Subasinghe reflected on the Council’s theme, ‘Connect’, and the importance of ensuring that the accountancy profession, and the wider community it serves, remains connected to a rapidly changing world. He emphasised that as businesses, investment and opportunities increasingly cross borders, language and communication skills are becoming essential enablers of professional and personal advancement.

‘The future of our profession cannot be shaped in isolation. While technical excellence will always remain at its core, our ability to connect with people, markets and ideas beyond our own borders will increasingly define how effectively we create value. Language is more than a means of communication; it is a gateway to understanding cultures, building trust and opening doors to new opportunities. Through the School of Business Languages, we are broadening the horizons of our students and members and empowering them to engage with the world with greater confidence,’ Subasinghe said.

He added that initiatives such as StepUp English demonstrate how the Institute’s commitment to connection extends beyond the profession. ‘As a national body, we have a responsibility to equip the next generation with the skills and confidence to embrace the opportunities ahead. StepUp English is our contribution towards making English language learning more accessible to young Sri Lankans across the country and helping them build a stronger foundation for the future,’

Pegasus Hotels sets September dates for share subdivision

Pegasus Hotels of Ceylon PLC (PEG) has scheduled an Extraordinary General Meeting (EGM) for 11 September 2026 to obtain shareholder approval for its proposed subdivision of ordinary shares.

The company said the subdivision will be based on the shareholding as at 15 September, which will serve as the record date for the exercise.

Trading in Pegasus Hotels shares will be suspended from 14 to 18 September to facilitate the updating of Central Depository System (CDS) records following the subdivision.

Trading in the subdivided shares is scheduled to resume on 21 September.

Pegasus Hotels said it has also obtained the required concurrence from the Colombo Stock Exchange (CSE) in respect of the relevant documentation for the proposed subdivision.

Pegasus Hotels will subdivide each existing ordinary share into two ordinary shares, doubling its issued shares from 42,210,470 to 84,420,940 without any change to the company’s stated capital.

The stated capital will remain unchanged at Rs.751.55 million. The company reported net assets of Rs. 62.93 per share as of end-June 2026. Carson Cumberbatch PLC was the main shareholder with an 89.98% stake.

Top order cost us match – Kirsten

GALLE: Sri Lanka’s Head Coach Gary Kirsten said that the failure of the top order batting in both innings cost Sri Lanka the first Test against India which they lost by 165 runs at Galle yesterday.

‘Where we lost the game was in both innings we lost wickets upfront. You just can’t afford that in Test match cricket, especially when you are chasing a total of 462,’ said Kirsten at the post media conference.

Sri Lanka were 90-5 in the first innings and 47-4 in the second innings.

‘Winning the toss on these wickets – the options are to bat well in the first innings. We ended up playing our first innings on the third day when the wicket took the most amount of turn. On day four and five it played a little bit easier and the ball got softer much quicker,’ said Kirsten.

‘It was a very good Test match wicket. To give away 178 runs in the first innings that’s where it cost us the game, we didn’t bat all that well apart from a great partnership of 146 between (Sonal) Dinusha and (Niroshan) Dickwella. The pitch played really well and didn’t turn hugely throughout the game. It was a good cricket wicket.’

Kirsten said that there were some positives Sri Lanka could take out of the match.

‘From being 99-5 at the beginning of the third day and taking the Test match into the afternoon of the fifth day was particularly pleasing and the fight. We were keen to try and stay in the Test match. We still believed even this morning we could work something up to win the Test or certainly draw it. Very pleased with the energy and attitude of the team around that.’

Kirsten was full of praise for Sonal Dinusha and debutant Keshara Nuwantha.

‘This is his (Dinusha’s) fourth Test match, to see the way he’s played is very exciting for Sri Lankan cricket. His love for Test cricket and playing the way and that style is particularly pleasing to me to watch. We certainly would encourage our players to have that Test match mindset and attitude,’ said Kirsten.

‘The challenge for the modern players especially in Sri Lanka is that we don’t play many Test matches. We have at least six lined up in the next six months or so. It’s great to get into the Test match game a little bit and then try to score runs and bat for a long period of time and have an influence on the game. Sonal has done that a few times in the West Indies as well, where under pressure he was able to make performances. He’s got good mental strength, courage and resilience and he is a good example for all other players. That step up you’ve got to be on your game mentally to manage it.’

‘I was very impressed with Keshara Nuwantha. On his debut he bowled exceptionally well. He got four wickets in the Test match and he batted for 70 balls in the second innings. Our conversation with all the lower order batters is to bat as many balls as they can in these conditions. He showed real grit and determination.’ (ST)

Call for stronger fire resilience in built environment

The recently held International Conference on Fire Safety and Resilience of the Built Environment, ICFIRE 2026, was a professional international industry Conference focused on advancing fire safety and resilience.

Organised by Amber Laboratory Ltd., in association with the Society of Fire Protection Engineers (SFPE), Sri Lanka Chapter, and the University of Moratuwa, the conference was held under the theme ‘Advancing Fire-Resilient Materials and Systems for Future-Proofing Sustainable Built Environments.’

ICFIRE 2026 brought together leading fire safety experts, engineers, architects, academics, policymakers, facility managers, and industry and fire service professionals. The two-day event featured keynote addresses, technical presentations, expert discussions, and a Practitioners’ Forum, providing a platform for knowledge-sharing and professional dialogue on emerging fire safety challenges.

The conference was inaugurated by the Chief Guest Science and Technology Minister Prof. Chrishantha Abeysena. University of Melbourne, Australia Prof. Priyan Mendis was the Guest of Honor and delivered a keynote address on ‘Fire Engineering and Design: Emerging Trends in Performance Testing and Compliance.’ Australia and New Zealand Halliwell Fire Science Principal Dr. Ryan Hilditch and Sri Lanka and Maldives Airow Solutions Ltd., Group Director Eng. Vajira Attanayake were special guests.

ICFIRE 2026 featured presentations and contributions from a distinguished panel of local and international experts, including: Melbourne RMIT University Prof. Kate Nguyen, Halliwell Fire Science’s Dr. Imran Ahamed, CSEC Ltd., Eng Shiromal Fernando and Eng. Dilan Kahatapitiya; Institute of Engineering Sri Lanka President Eng Kosala Kamburadeniya; University of Moratuwa Dr. Pasindu Weerasinghe and Dr. Uthpala Rathnayake; ADV Consultants Architect Ashley De Vos; Design Team 3 Ltd., Architect Athula Amarasekera; Australia Forensic Origin and Cause Investigations Vithyaa Thavapalan, New Zealand University of Canterbury Dr. Atif Ali Khan, and University of Ruhuna Dr. Prabath Weerasinghe.

Discussions at ICFIRE 2026 focused on a broad range of issues affecting the safety and resilience of the built environment, including tall buildings, resilient cities, fire security, critical infrastructure, advanced structural systems and emerging approaches to infrastructure protection. A key objective of the conference was to examine how the built environment can respond to evolving fire risks through risk-conscious design, advanced engineering solutions, innovative materials and systems, and stronger approaches to infrastructure protection.

Amber Laboratory, which organised the conference, is Sri Lanka’s first Standard Fire Resistance Testing Laboratory. The laboratory was established to address the country’s growing fire safety requirements through internationally recognised standards and best practices. The facility brings together fire resistance testing of materials and assemblies, consultancy on fire safety, structural fire engineering and structural modelling, training and education, and research and development under one platform. Through this integrated approach, Amber Laboratory provides technical expertise, strengthens industry capacity, and promotes the high standards of fire safety, performance, and regulatory compliance, contributing to safer, more resilient, and future-ready built environments in Sri Lanka and across the region.

A significant component of ICFIRE 2026 was the Practitioners’ Forum, which sought to strengthen dialogue among professionals working across different sectors of the built environment and fire safety ecosystem. The forum provided a platform to discuss the proposed Colombo Declaration on Fire Resilience in the Built Environment (2026) and encouraged participants to engage directly with experts and representatives at the head table. Participants raised concerns, shared experiences and examined practical solutions to fire safety challenges affecting their respective sectors. The diversity of participants highlighted the cross-sector nature of fire safety and the importance of collaboration among building professionals, regulators, facility operators, emergency services, government institutions, defence forces and the fire protection industry. The discussions emphasised that improving fire resilience cannot be achieved by a single profession, government institution or industry acting independently. Instead, it requires sustained collaboration, knowledge-sharing and coordinated action among all stakeholders.

ICFIRE 2026 ultimately underscored the need to move beyond identifying existing shortcomings towards developing practical, achievable and collaborative approaches to improving fire safety and resilience across Sri Lanka’s built environment.

BOC launches C Flex Corporate to expand digital cash management services

Bank of Ceylon (BOC) has launched C Flex Corporate, a digital cash management solution designed to help corporate and small and medium-sized enterprise (SME) customers manage payments, collections, liquidity, and other banking activities through a single secure system.

The new service was developed under the bank’s digital transformation program in response to changing customer expectations and the increasing complexity of business banking requirements. It replaces the limited functions of BOC’s existing corporate online banking service with a wider range of transaction, administration, reporting, and cash management capabilities.

Chairman Kavinda de Zoysa said: ‘Digital transformation is no longer an option but a business imperative. With the introduction of C Flex Corporate, BOC is reinforcing its commitment to empowering Sri Lankan enterprises with world-class digital banking capabilities that enhance competitiveness, strengthen financial resilience, and support the nation’s long-term economic progress. This long-awaited initiative reflects our vision of creating sustainable value for businesses through innovation.’

Centralised account monitoring

C Flex Corporate gives authorised users access to balances and transaction details across their accounts through a centralised dashboard.

Customers can view summaries covering current and savings accounts, loans, and fixed deposits. This allows finance teams to monitor available funds, examine account activity, and assess the company’s banking position without moving between separate systems.

Real-time visibility can help businesses make faster decisions on outgoing payments, expected receipts, and working capital requirements. Companies can review cash movements as they occur and respond to funding needs with access to updated account information.

The service also supports companies operating through several subsidiaries. Different entities can be managed under one corporate profile, giving finance teams centralised oversight while allowing each company to maintain its own users and approval procedures.

This arrangement is suited to conglomerates and corporate groups where banking duties may be handled by several teams, branches, or business units. Central administration can provide clearer supervision of company accounts and transaction activity across the group.

General Manager/CEO Y.A. Jayathilaka said: ‘Today’s businesses require banking solutions that are not only secure and reliable, but also intelligent, seamless, and efficient. C Flex Corporate has been designed to meet these evolving needs by providing a comprehensive cash management platform that streamlines day-to-day financial operations, enhances visibility, strengthens control, and improves operational efficiency. This launch marks another significant milestone in our digital transformation journey, reinforcing our commitment to delivering world-class banking solutions that empower our corporate and SME customers to manage their finances with greater convenience, confidence, and agility.’

Bulk payments and transaction processing

The platform supports both single transactions and bulk payments, allowing businesses to process salaries, supplier payments, standing instructions, and high volumes of fund transfers.

Customers can conduct transactions through intrabank fund transfers, the Common Electronic Fund Transfer Switch, Real Time Gross Settlement, and USD Online. Bill payments can also be completed through the same interface.

Bulk processing can reduce the manual effort required for recurring payments and large transaction batches. It can also limit data-entry errors and shorten the time needed to prepare and process salary or supplier payment files.

Companies can establish approval procedures according to transaction value, user responsibility, or internal financial policies. Payments can be routed through several authorisation levels before completion, depending on the controls selected by the organisation.

Dual authorisation is available for transactions requiring an additional level of review. The platform also stores transaction histories, allowing finance teams and administrators to examine previous payments within selected periods.

Customers can open fixed deposits digitally, check cheque status, and submit requests for cheque books online. Combining these banking services within one interface is intended to simplify routine financial administration.

Senior Deputy General Manager/Head of Corporate and Offshore Banking Rohana Kumara said: ‘C Flex Corporate has been designed with a strong focus on functionality, security, and flexibility. By integrating real-time account monitoring, advanced payment capabilities, customisable authorisation workflows, and seamless system integration, we have created a platform that enables businesses to automate financial processes, strengthen governance, and manage their operations with greater confidence in an increasingly digital environment.’

Collections and receivables management

C Flex Corporate includes tools to help companies monitor incoming funds and manage receivables. Businesses can track payments in real time and use reconciliation tools to identify receipts linked to customers, invoices, branches, or business units. Improved reconciliation can help finance teams maintain accurate records and determine which amounts remain outstanding.

Virtual Account Management allows companies to assign virtual accounts for different collection purposes. Incoming payments can then be identified without requiring staff to manually examine and match each transaction.

The service supports Payments on Behalf Of and Collections on Behalf Of arrangements, known as POBO and COBO. Under these models, a central company can make payments or collect funds for subsidiaries or related entities.

These capabilities can assist corporate groups that manage treasury operations centrally. Payments and collections can be coordinated across several companies while account information remains available through one corporate profile.

Post-Dated Cheque Management allows businesses to record and monitor cheques issued for future realisation. Escrow Management is also included for transactions where funds must be retained and released according to agreed conditions.

The combination of real-time tracking, reconciliation, and virtual accounts is intended to help companies improve collection processes and maintain closer control over receivables.

User controls and security

The service uses encryption, two-factor authentication, role-based access controls, and dual authorisation to protect customer information and transactions. Organisations can manage their own banking users through an administration portal. Corporate administrators can create, modify, activate, or deactivate user profiles and determine the services available to each employee.

Access can be assigned according to job duties, company, business unit, or level of authority. A user preparing transactions can be given different permissions from a manager or executive responsible for approval.

Businesses can also create transaction approval hierarchies based on their internal governance policies. This allows companies to separate transaction preparation, review, and authorisation duties. Administrators can monitor user activity and examine transaction histories within selected periods. These controls are intended to improve accountability and help organisations maintain their internal compliance and financial control requirements.

Flexible user administration is especially relevant to companies with several finance teams or employees working across branches and subsidiaries. Access can be updated as responsibilities change, reducing the risk of outdated user permissions remaining active.

Reporting and system integration

C Flex Corporate provides customisable reports covering transactions, account activity, and other financial information. Finance managers and corporate executives can generate reports according to their operational requirements. The information can be used to review payments, collections, account movements, and transaction histories.

The platform also supports integration with enterprise resource planning systems. This allows banking activity to connect with company systems used for accounting, payroll, procurement, and treasury management.

ERP integration can reduce the manual transfer of transaction data between company records and banking systems. It can also assist with reconciliation and improve consistency across financial records. For organisations processing large transaction volumes, automation can reduce administrative work and allow finance teams to concentrate on monitoring, analysis and financial planning.

Mobile access for corporate users

C Flex Corporate includes mobile banking functions that allow authorised users to monitor and approve transactions away from the office.

Executives and finance managers can review pending transactions and access account information through secure mobile channels. This can reduce delays when approval is required from an official who is travelling, attending meetings, or working from another location.

Mobile access also supports business continuity by allowing selected banking activities to continue outside the company’s main workplace. Transactions remain subject to the approval procedures and security controls established by the organisation.

Corporate banking tools for SMEs

The service has been developed for large companies, conglomerates, and SMEs. Smaller businesses often manage salary payments, supplier settlements, customer receipts, and cash flow with limited administrative resources. Access to bulk processing, reconciliation, reporting, and user controls can help them reduce manual work and improve financial oversight.

C Flex Corporate gives SMEs access to advanced cash management functions commonly used by larger organisations. These tools can assist growing businesses as transaction volumes increase and internal financial responsibilities become more complex. For corporate and SME customers, the main benefits include faster payment processing, clearer cash flow visibility, improved user control, stronger transaction security, and easier access to banking services.

Supporting digital business operations

The launch comes as Sri Lankan businesses increase their use of digital systems across finance, operations, and supply chains. Corporate banking services are increasingly expected to connect with internal company systems while giving finance teams access to current account and transaction information. Secure digital approval and administration functions are also important as companies operate across several locations and business entities.

C Flex Corporate brings account monitoring, payments, collections, liquidity management, reporting, mobile access, and corporate user administration into one digital environment.

The service gives BOC a broader corporate banking offering while providing businesses with tools to automate routine processes, strengthen financial controls, and manage cash through a centralised system. Its introduction also contributes to Sri Lanka’s wider digitalisation agenda by giving corporate and SME customers access to banking infrastructure that can support efficient transactions, improved financial administration, and business growth.

Rs. 1.5 b interim tourism campaign kicks off ahead of global brand push

Sri Lanka Tourism yesterday announced launching a Rs. 1.5 billion interim tourism promotion campaign covering six priority markets, as the Government seeks to revive long-delayed international destination marketing ahead of a larger global campaign planned for March/April next year.

Tourism Deputy Minister Prof. Ruwan Ranasinghe said the interim public relations (PR) and digital campaign would run from August 2026 to April 2027, providing continuity while preparations for the comprehensive global campaign are completed.

The Government had abandoned a tourism promotion program designed after the new administration raised concerns over aspects of the proposal and decided to start afresh. It has since engaged the Asian Development Bank (ADB), World Bank, and other development partners for technical assistance.

‘Taking Sri Lanka to the world properly, across all countries and to global potential tourists, has been delayed for a considerable period,’ Prof. Ranasinghe said, adding that such a comprehensive process required time.

The interim campaign will initially target Australia, the UK, Germany, India, China, and Russia, with France, Italy, Spain, the Middle East, Scandinavia, Poland, Japan, and South Korea among markets earmarked for subsequent expansion.

Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Buddhika Hewawasam said the campaign would combine digital marketing, PR, virtual reality activations, roadshows, and market-specific content.

‘Australia will lead the rollout by end of August, followed by the other five markets, with activity expected across all six by October-November,’ he added.

The approach will differ according to each market’s travel preferences and behaviour. ‘In Australia, for example, adventure will receive particular emphasis, while India will receive a stronger digital focus given its highly digitalised travel-planning and booking environment,’ he explained.

Hewawasam said the campaign would promote seven core experiences; leisure, culture, nature, adventure, wellness, luxury, and Meetings, Incentives, Conferences, and Exhibitions (MICE) while developing niche products around marine tourism, diving, Ayurveda, trails, spiritual tourism, weddings, and other emerging segments.

The strategy also seeks to shift Sri Lanka from observational tourism towards experiential tourism, encouraging visitors to participate in cultural activities, engage with communities, and explore lesser-known destinations.

‘Ultimately, our objective is not simply to attract more tourists. It is to attract the right tourists,’ Hewawasam said, stressing the need for visitors who stay longer, spend more, and contribute to local economies.

The authorities are targeting 2.7 million tourist arrivals and around $ 4.2 billion in tourism revenue this year, compared with 2.36 million arrivals and around $ 3.2 billion in earnings last year. The target is to exceed 3 million arrivals next year and move towards $ 10 billion in tourism revenue by 2030.

Hewawasam said achieving the revenue target would require more than higher arrivals, pointing to longer stays, greater visitor spending, product diversification, and wider geographical distribution of tourism benefits.

He also noted that campaign will be driven by data, with dashboards tracking performance, engagement, and conversions to ensure spending deliveries measurable returns.

‘One of the most important elements of this campaign is monitoring. We will continuously review the results and adjust our approach where necessary’ he added.

The campaign will therefore seek to take visitors beyond established destinations into relatively unexplored areas, including the Eastern Province and parts of the North, North Central, and Uva Provinces.

The SLTPB is also working with international agencies and major digital platforms, including Meta, Google, and TikTok, while partnerships with airlines are being developed to jointly promote Sri Lanka and support greater air connectivity.

‘Agreements have already been signed with Emirates, with discussions underway with IndiGo, Turkish Airlines, Qatar Airways, and other carriers,’ he disclosed.

Hewawasam said Sri Lanka also needed to make it easier for tourists to spend money beyond hotels and traditional tourism businesses. The SLTPB is working with LankaPay and local banks to expand digital payment facilities in tourism-resource areas, enabling visitors to purchase local products and services more conveniently.

The campaign will also draw on local content creators, with around 100 expected to participate in showcasing authentic and lesser-known experiences to international audiences by January.

Prof. Ranasinghe stressed that promotion must remain grounded in reality, warning against creating expectations that the country cannot deliver.

‘We need to be realistic. Otherwise, we will be telling the world something that is not the case,’ he said, noting that Sri Lanka’s improved international image also reflected economic recovery, political stability, institutional governance, democratic systems, and better connectivity, rather than tourism promotion alone.

He also highlighted the growing influence of artificial intelligence (AI) in travel planning. The SLTPB is developing an AI-enabled tourism platform to improve the visibility of destinations and experiences when potential travellers use digital tools to research and plan trips.

Meanwhile, preparations are underway for the full-scale global campaign, with around Rs. 5 billion allocated for the initiative. Hewawasam said agencies and other partners were expected to be appointed by February 2027, enabling a March/April launch, subject to approvals and procurement.

Unlike the interim market-activation program, the global campaign will also incorporate a broader nation-branding exercise, seeking to connect tourism with Sri Lanka’s wider identity, including its tea, heritage, culture, environment, sport, food, and creative industries.

The authorities said campaign performance would be tracked through dashboards covering reach, engagement, conversions, and other key indicators, allowing spending and strategies to be adjusted based on measurable results.

Prof. Ranasinghe said the launch marked an important step after years of delays.

‘This has been delayed for more than a decade, but here we are today, launching it to the world. Let us work together to make Sri Lanka a globally recognised tourism destination. The benefits will go to the entire nation,’ he said.

Sri Lanka’s $ 5 b IT Industry Strategic Roadmap and the English Language blindspot

At the recent World Bank/KPMG Validation Workshop on Sri Lanka’s IT Industry Strategic Roadmap, a target was proposed to reach

$ 5 billion in revenue by 2030, representing a $ 2 billion policy-driven revenue increment over current, based on: 35% of growth from Global Capability Centres (GCCs), 25% from IT Products and SaaS, 25% from IT Services, and 15% from Freelancers and Digital Talent.

Five strategic enablers were identified including ‘Skills, Literacy, and Jobs’. However, the roadmap makes four critical miscalculations in relation to this enabler: misjudging current English proficiency levels; assuming Sri Lanka’s English proficiency makes it competitive in attracting investment; omitting any linked investment in raising English proficiency; and relying on the State education sector to deliver the English proficiency outcomes required for AI.

AI fluency demands higher English competence

AI literacy is understanding what AI-powered systems do and evaluating their output. AI fluency is the ability to apply AI productively within a discipline and is what the revenue targets directly depend on. For Sri Lanka, both depend on English language competence.

AI is transforming all four strategic growth sectors. AI is absorbing the work that requires little in the way of English language and leaving behind the work that requires a great deal of it at increasing levels of understanding.

GCCs: No longer back-office processing centres following scripted, rule-based procedures. They now integrate AI into product development, conduct research, run negotiations, and make critical decisions.

For IT Products and SaaS: AI capability means building AI-native features, integrating and evaluating models, and exercising product judgement.

In IT Services AI-assisted delivery is compressing the build layer leaving only the client-facing layer (e.g. Forward Deployed Engineers who understand business workflows, how to integrate AI, and code generation.

Freelancers and Digital Talent: Lacking an employer buffer, this pathway is most exposed to AI displacement, as generic, low-complexity work is automated.

The IT Strategic Roadmap uses the Education First (EF) Global English Proficiency framework to argue that Sri Lanka is well-placed. However, the EF framework averages proficiency across a convenience sample of online test volunteers. It is not population-representative like OECD surveys (e.g., PISA, PIAAC).

EF maps to the Common European Framework of Reference (CEFR) as shown in the table below. CEFR is used to assess individual language competency across six levels (A1 to C2) including:

B1 (Intermediate): Competence in routine tasks, precisely the work AI is absorbing.

B2 (Upper Intermediate): The working floor for entry-level GCC roles (handling unfamiliar technical material, internal documentation, and abstract content)

C1 (Advanced): Required for client-facing and team-lead roles (negotiating, handling ambiguity, writing under pressure).

The NIE 2022 DRAFT English Curriculum for General Education sets CEFR B1 as the benchmark for Grades 10-11, and B2 for Grades 12-13.

A digital skills baseline that counts digital competence, while assuming English, will produce a baseline with a built-in binding constraint. The proposed digital skills survey and national professional skills framework must include an appropriate CEFR metric for English proficiency and the OECD’s AI Literacy Framework (the basis of PISA’s Media and AI Literacy student assessment in 2029).

The talent pipeline: A misleading baseline

For GCCs, success depends on the absolute size of the talent pool entering the workforce at B2 and C1 levels. If supply is insufficient, the cost of competing for talent threatens investment.

The roadmap claims Sri Lanka’s score of 486 is a differentiator against India (484) and Thailand (402), while citing Philippines, Vietnam, and Armenia – all well ahead in English proficiency – as benchmarks. This comparison is misleading. Even though India’s EF score is almost the same as Sri Lanka, India’s annual engineering and IT graduate output alone is many multiples of Sri Lanka’s total annual graduate output.

The roadmap targets an IT workforce of 200,000 by 2030, set against a current base of 175,000 professionals and 17,000 annual ICT graduates. The current pipeline is already acknowledged as too small, and filtering for required English proficiency based on CEFR shrinks it further.

The English proficiency trajectory in absolute numbers needs to be reverse-engineered from 2030 demand. That means establishing how many graduates from relevant post-secondary educational sectors and providers (State and NHSE) currently reach B2 and above, and setting the annual rate of improvement required to fill the demand the revenue target implies. Without this calculation, revenue targets are numbers without a workforce behind them, and no one can say how big or small the gap is.

English language as national economic infrastructure

The third miscalculation which follows from the above is that targets can be achieved without any investment in English language infrastructure.

An interim solution is needed until the general education system can deliver English language and AI literacy skills at volume. One option is for the NSHE agile skills pathways to include English and AI literacy. This is a cost that needs to be factored into the roadmap. This capability has in itself export revenue potential as unique ed-tech.

But English proficiency and AI literacy are shared national infrastructure on which the digital roadmap, the labour migration strategy, tourism, and higher education all draw. Worker remittances reached $ 8.08 billion in 2025, the largest single foreign exchange earner, against IT exports of $ 1.6-2 billion. Housing core curriculum and standards inside a single sector plan long term guarantees it will be under- and under-funded.

Fixing delivery: Why institutional reform is vital

The fourth miscalculation is the assumption that the general education system will deliver the required English proficiency in CEFR terms at scale through ongoing reforms.

The argument for reliance on NSHE to deliver professional skills based on a digital skills survey and national skills professional framework, is that a much greater agility is needed beyond what can be achieved by the State sector, in particular Universities, in adapting to constant change driven by AI.

English and AI literacy both fall squarely within the responsibility and accountability of the general education system. However, the assumption that the latter can deliver what is needed in the timeframe is highly unstable given the slow rollout (reaching Grade 10 only by 2030) and lack of clear AI literacy curriculum framework.

The strategic solution is institutional change. At present there is no ownership of standards and curriculum and pedagogy, policy research, delivery, and quality assurance are shared across different State and Provincial entities.

A model which would ensure better alignment with the demands of the economy would involve separation of standard-setting and quality assurance from curriculum and delivery. A new independent statutory body would be established to own national skills benchmarks across sectors, specify required proficiencies for educational and career pathways, commission independent assessments, and report annually to Parliament.

Malaysia reached EF 581 by establishing the English Language Standards and Quality Council, which produced a ten-year CEFR-referenced roadmap covering preschool to university and began with a target of all 40,000 English teachers at C1.

The argument in support of this is the same as that which created GovTech itself. A nationally critical capability cannot be built at the pace line ministries operate at, so a separate agile vehicle needs to be created and given a mandate.

A four-point course correction for 2030

To hit $ 5 billion by 2030, the IT Strategic Roadmap needs four corrections. It needs to:

Count how many graduates reach B2 and C1 each year, not cite a national average, so that the talent gap is sized before it is priced;

Build English proficiency and AI literacy into the digital skills survey and the professional skills framework, so that the baseline reveals the binding constraint instead of concealing it;

Fund an interim English pathway through the NSHE sector, so that revenue does not wait on a curriculum reform reaching Grade 10 in 2030; and

Establish a new statutory body owning standards and assurance across sectors, accountable to Parliament, so that English and AI literacy are built as national infrastructure rather than as one sector’s afterthought.

(The author is the President of Partners In Micro-development (PIMD – https://microdevpartners.org/), an international NGO with over 20 years of experience in educational development in Sri Lanka. Based in Sydney, she works extensively with Sri Lankan State universities providing online training for English teachers in English literacy instruction based on the Science of Reading and the Science of Learning. PIMD was founded by Dr. Vaughan’s late husband, Dr. Mahesan Kandaiya)