Tourism earnings rise for second month, but YTD revenue falls 9.2%

Sri Lanka’s tourism earnings recorded a second consecutive month of year-on-year (YoY) growth in September, rising 1.5% to $ 185.6 million despite a marginal decline in arrivals, but cumulative revenue remained under pressure amid weaker visitor numbers and continuing external headwinds.

The latest Central Bank of Sri Lanka (CBSL) data showed that September’s earnings improvement followed a 2.1% increase in August to $ 264.4 million, ending a 10-month run of YoY declines. Tourist arrivals, however, fell 0.3% in September, extending the disconnect between visitor volumes and foreign exchange receipts.

Despite the recent improvement, cumulative tourism earnings in the first nine months of 2026 declined 9.2% to just over $ 2.24 billion, from $ 2.47 billion in the corresponding period last year.

Arrivals during January to September totalled over 1.69 million, down 1.8% YoY, highlighting the challenge facing the sector as it attempts to regain momentum ahead of the crucial winter travel season.

The performance comes against a backdrop of heightened geopolitical uncertainty following the escalation of Middle East tensions after US and Israeli strikes on Iran from 28 February, which has placed additional pressure on Sri Lanka’s tourism industry.

The latest earnings figures also complicate comparisons with previous years following a revision to the country’s tourism expenditure estimates.

In August 2025, the Sri Lanka Tourism Development Authority (SLTDA) reduced its estimate of average daily tourist spending to $ 148 from $ 171, replacing the estimate based on a 2018 survey. The adjustment lowered the level of tourism earnings recorded from August 2025 onwards, making comparisons with previously published figures less straightforward.

Nevertheless, the earnings trajectory presents a significant challenge for the Government’s revised 2026 tourism targets.

In August, Sri Lanka raised its arrival target to 2.7 million from 2.5 million, while increasing the annual tourism revenue goal to $ 4.2 billion from $ 3.5 billion. These targets followed earlier downward revisions from initial ambitions of 3 million arrivals and $ 5 billion in earnings amid the Middle East crisis.

With cumulative earnings at just over $ 2.24 billion by end-September, the country would need to generate around $ 1.96 billion during the final three months to meet the $ 4.2 billion target. That would require average monthly earnings of around $ 653 million in October, November, and December – substantially above the levels recorded in recent months.

The scale of the challenge is also evident when measured against the sector’s performance last year. Sri Lanka generated $ 3.22 billion in tourism earnings in 2025, up 1.6% from $ 3.17 billion in 2024, while arrivals increased 15.1% to a record 2.36 million from 2.05 million.

The recent return to monthly earnings growth offers a limited positive signal, but the persistent decline in cumulative receipts underscores the difficulty of converting visitor arrivals into stronger foreign exchange earnings.

5 m digitally skilled Sri Lankans by 2030: PM Harini endorses CSSL’s ‘National Workforce Agenda’

Prime Minister Dr. Harini Amarasuriya last week endorsed the Computer Society of Sri Lanka’s (CSSL) ambitious plan to develop a digitally skilled workforce of five million people by 2030, describing it as a timely national priority for Sri Lanka’s digital future.

Delivering her address at the inauguration of the 44th National Information Technology Conference (NITC 2026), held at Shangri-La Colombo under the theme ‘Human-Centric Skills Towards Society 5.0,’ the Prime Minister said the initiative comes at a decisive moment for the country. The conference, organised by CSSL which celebrates its 50th year, brings together policymakers, industry leaders, academia and technology professionals to advance Sri Lanka’s human-centric digital transformation agenda.

‘CSSL, which introduced Society 5.0 to the nation in 2024, now comes forward with an ambition to build a digitally skilled workforce of five million people by 2030, in its 50th year. This has come at the need of the hour,’ Prime Minister Dr. Amarasuriya said.

She emphasised that Sri Lanka’s future would depend not merely on the technologies the country adopts, but on its ability to equip every citizen with the digital knowledge, skills and confidence needed to participate meaningfully in a rapidly changing economy.

‘As Minister of Education, Higher Education and Vocational Education, I fully endorse CSSL’s human-centric workforce development agenda and its proposed National Digital Workforce Index,’ the Prime Minister stated.

Dr. Amarasuriya said schools, universities and vocational training institutions must work closely with industry to ensure that education and training remain relevant, inclusive and responsive to emerging needs in artificial intelligence, data, cybersecurity and digital services.

‘The Ministry of Education, Higher Education and Vocational Education stands ready to support and carry out this national initiative, so that digital transformation becomes a pathway to opportunity, dignity and shared prosperity for all Sri Lankans,’ she added.

CSSL’s workforce agenda seeks to move beyond basic digital literacy towards a coordinated national effort covering digital proficiency, artificial intelligence and data skills, cybersecurity awareness, digital privacy and the human capabilities required in an AI-enabled economy. The proposed National Digital Workforce Index is expected to provide a structured mechanism to assess workforce readiness, identify skills gaps and track progress towards the five-million target.

The Prime Minister’s endorsement reinforces the growing alignment between Sri Lanka’s education and vocational training reforms and the country’s broader ambition of building a competitive, inclusive and resilient digital economy by 2030.

CSSL President Heshan Karunaratne, CSSL Vice President and Conference Chair Indika De Zoysa and Digital Economy Deputy Minister Eng. Eranga Weeraratna too addressed the audience which consisted of hundreds of policy makers, industry and academia.

The balance of power

Centuries ago, the intervention of a Persian king, restored a degree of balance of power in the West Asian region. In the 6thc, BCE, Cyrus the Great of Persia, put a stop to the aggressive expansionism of the Babylonian empire and set the exiled Jews free.

After Cyrus’s death, his successor Darius was made aware of his predecessors’ plans to do even more. Commissioning some competent Jews, he fulfilled Cyrus’s intentions by restoring the ravaged city of Jerusalem and its venerated temple.

The Jews were overwhelmed. They would remember the valiant one who revived the essence of their nationhood. And so, the story of Cyrus the Persian, acknowledged as the ‘Anointed Deliverer’, the ‘Messiah’, came to be etched in the Jewish Scriptures (The Bible-Ezra 1- 6:15, Isaiah 44: 28, 45: 1-13).

Empire and empires

This stirring story impacted Christianity as well. As former Jews, the earliest Christians were familiar with the hardship experienced under Babylonian imperialism. This led to the secret identification of the then brutal Roman Empire, as ‘Babylon’. The pseudonym worked so well that some Christian writings and communities applied it to other marauding forces that crushed peoples and looted their lands.

Vain politics

Today the world witnesses an ironic alliance of relentless bullying between the progeny of ‘Babylon’ and Jew. Together the US and Israel do to others what Babylon did to the Jews, and what their Book tells the Jews they are never to do to others.

The alliance’s agenda is straightforward. While one randomly ridicules and threatens sovereign nations, the other is quick to fabricate evidence that leads to the decimation of infants, children and unarmed civilians; all on the pretext of self-defence. Thereafter, security zones carved out on other people’s property mock what is left of International law, ‘friendly’ nations are intimidated into buying killing devices at thumping profits and military bases emerge on these territories in exchange for protection. The war with Iran, Cyrus’ Persia of today, is integral to this agenda.

Enter the villain

Iran, one of the most ancient and advanced civilisations of the world, has since its Islamic revolution of 1979 come under a despotic theocratic governance. It has crushed internal dissent and the clamour for participatory governance among its own people, prevented the growth of democratic institutions, trained and financed para-military forces to resist Israel’s settler colonialism and challenged the influx of western interests in the region. In return Iran has been relentlessly caricatured as global villain and subject to the wrath of the western mind- set and its propaganda industry.

The campaign to demonise Iran has been so clever that many of her neighbours who share a long cultural history, stand shoulder to shoulder today with vain intruders bent on crushing the only nation it cannot subdue, in a region they have no business to meddle in.

The nerve to be

Wars do strange things. They slaughter good men and women on all sides, cause chaos and misery wherever it spreads and never stop to explain to the children who survive, that this madness was simply to satisfy the egos of the vain.

But wars also change human perception. And there are signs that the current war on Iran, (It must never be the ‘Iranian war’, as it should never have been the ‘Korean war’, the ‘Vietnam war’, the ‘Afghanistan war’ and so on), is changing global perception.

Slowly, the devious stereotype of global saviours versus regional villains, is being redefined. While the hard questions on participatory, good governance must remain to haunt and transform Iran, the villain is now being acknowledged, however grudgingly, as the one nation that refused to back down in the face of global bullying. This too at tremendous personal cost to the lives of its people, infra-structure and future stability. In a world of cowardly political expediency, costly resistance attracts attention; even admiration.

There is more. The resilience of the vilified villain in the current war appears to have strengthened the nerve of the repeatedly humiliated European and British allies of the alliance, who at last learnt to say ‘no’. A first, to an ‘order’ to join an unprovoked and senseless far away war, backed with a second, when pressed to police the Straits of Hormuz. Typical of handling the playground bully, all it takes is for one little girl to hold her ground.

It does not stop here. Sheer desperation at Iran’s unsettling tenacity shamelessly drove Babylon into the arms of other neutral powers that it repeatedly ridicules and badgers with threats of tariffs and more tariffs. Regardless of a sudden demonstration of charming diplomacy, these nations would have no part in twisting Iran’s arm. Some instead, seized the opportunity to address Babylon on its arbitrary violation of International Law and warned it to refrain from global bullying. Since then, there have been less threats on the annexation of Greenland and interference in Cuba’s internal affairs.

The right balance

Like war does, resistance to war also does strange things. While the refusal to yield stimulates active defiance among some, and strongly worded objections from others, the outcome of the current conflict is hugely unpredictable. An independent, safe and stable region, made up of independent, safe and stable nations, is many, many courageous interventions and many, many wise negotiations away.

But one thing is clear. Isolated from its traditional allies, subject to straight talk from neutral nations and under growing pressure from saner elements at home, the vain find themselves uncomfortably seated as equals at one table. Here, Iranian geo-political strategies coupled with a measured readiness to return to arms in the event that table agreements are violated, will hold them; but for a while.

Given this footpath to a balance of power that Cyrus’s Persia of today has paved, it is now left to all who value the sovereignty and dignity of all nations, theirs included, and the indispensability of International law, to step out and help steer this momentum.

In the event that this happens, dismantling the visible acts of global bullying alone, will not be enough. The impulse of this crime, flourishing brazenly in the big businesses and assembly halls in the big cities of the world, and more subtly tucked away in the fabric of reputed places of learning, religiosity and leisure, will also have to be called out and neutralised.

Postscript

At the time of writing, a humanitarian crisis looms over Lanka’s southern seas. Historically renowned for her spontaneous hospitality even in the worst of times, Lanka finds herself constrained from responding to the desperate cries for supplies; water, food and fuel, from a stranded fleet of commercial ships, simply because they fly the Iranian flag. Regrettably, Babylon’s typical threat of sanctions appears to be driving our economically vulnerable Island nation to the brink of compromising our time tested right to be humane.

CBA Forum 2026: AI to ROI, unlocking value beyond intelligence

The Colombo Business Analytics Forum (CBA Forum) returns on 27 October, marking its third consecutive year, with a story this time that’s as much about the people gathering under one roof as the program itself.

Organised by the Society of Business Analytics (SOBA) under the Department of Decision Sciences, Faculty of Business, University of Moratuwa, CBA Forum began as a student-led initiative connecting technology-seeking and technology-providing organisations. This year’s edition is presented by WIA as the Title Partner, whose backing supports the forum’s biggest edition yet. Last year’s edition brought together more than 80 companies and over 150 participants across industries ranging from banking and finance to healthcare and cybersecurity. This year, organisers are aiming higher, with over 200 company representatives and 80-plus participating companies expected to attend a jump that reflects how much traction the forum has picked up since its first edition.

This year’s theme, ‘AI to ROI: Unlocking Value Beyond Intelligence,’ centers the forum’s discussions on turning AI adoption into practical, measurable business value. The agenda is built around three connected ideas innovating with AI, enabling it through trusted data and governance, and transforming organisations through people and culture all pointing toward the same question companies are increasingly asking: how does any of this actually pay off.

The headline addition is keynote speaker Chief Adviser to the President of Sri Lanka on Digital Economy and Chairman of the ICTA Dr. Hans Wijayasuriya. A telecommunications leader for close to three decades including leading Dialog Axiata and later serving as CEO of Telecommunications Business at Axiata Group he stepped down from that role in January 2025 to take up his current position shaping the country’s digital economy agenda. His presence brings a national policy perspective to a forum that has traditionally focused on industry and academic collaboration.

Alongside the keynote, the day will feature a panel discussion bringing together voices from across industry to dig further into the forum’s themes, giving the program a more conversational, cross-sector dimension beyond the main address.

Ahead of the main event, CBA Forum will run a Pre-Forum Week from 5-21 October, with workshops and engagement sessions building up to the main day. The forum itself will be held at the Pavilion at the Edge, Waters Edge.

At its core, the forum serves as a collaborative hub enabling networking between diverse industry sectors, knowledge sharing, new partnerships, and long-term conversations that continue well beyond the day itself. It remains organised by a committee of

undergraduates, are minder that the forum’s growth has never come at the expense of

who’s actually running it. The full speaker and panel lineup is expected to be announced closer to the event.

Sri Lanka prepares agri-food exporters for upcoming EU Pesticide MRL Policy Changes

The Embassy of Sri Lanka to the European Union in Belgium, the Department of Commerce of Sri Lanka and the EU-funded AGRINFO program, implemented by the Committee Linking for Entrepreneurship, Agriculture and Development (COLEAD), on 6 October jointly hosted an educational webinar for Sri Lankan public and private sector stakeholders in the agri-food export industry.

The session focused on recent updates to the European Union’s pesticide Maximum Residue Level (MRL) policy and their potential impact on Sri Lanka’s agri-food exports.

The webinar commenced with introductory remarks by the Ambassador of Sri Lanka to the European Union Chandana Weerasena, and the Director General of Commerce, Somasena Mahadiulwewa, who highlighted the importance of keeping Sri Lankan exporters informed of evolving EU regulatory requirements and strengthening preparedness to maintain access to the EU market.

The technical session was delivered by the COLEAD Policy and Law Lead Expert, Dr. Chris Downes, who provided an overview of the EU process for establishing pesticide MRLs and explained recent policy developments.

Dr. Downes introduced the AGRINFO MRL Tracker, a tool designed to monitor sector-specific changes to EU MRL requirements and anticipate regulatory developments. He demonstrated its practical use in identifying applicable MRLs for different products in the EU market. Participants were also briefed on increased EU import controls and the potential consequences of non-compliance with MRL requirements.

Particular attention was given to EU discussions in 2026 on possible new rules concerning MRLs for imported food products, including the reasons for the discussions, proposals under consideration, anticipated timelines and potential implications for Sri Lankan exporters.

The webinar also examined recent pesticide-related measures introduced by France and Poland, highlighting how national-level developments may affect exporters alongside EU-wide regulatory requirements.

The presentation was followed by an interactive question-and-answer session, during which participants raised questions on the practical implications of changing MRL requirements, monitoring regulatory developments and preparing Sri Lankan export sectors for potential changes affecting agricultural products.

The webinar was moderated by the Minister (Commercial) at the Embassy of Sri Lanka in Belgium, Thavishya Mullegamgoda, who emphasised the importance of continued cooperation among Sri Lankan government institutions, the private sector and European partners to ensure that exporters remained informed and prepared to comply with evolving EU food safety and regulatory requirements.

The webinar was organised as part of ongoing efforts to strengthen Sri Lanka’s trade engagement with the European Union and support the competitiveness and sustainability of Sri Lankan agri-food exports in the European market.

The Embassy of Sri Lanka in Brussels, the Department of Commerce of Sri Lanka and COLEAD’s AGRINFO program will continue to facilitate access to relevant information and support stakeholders in understanding and responding to developments in EU agricultural and food safety regulations.

Hayleys, JKH and LOLC take top honours in LMD 100

Media Services, the publisher of leading business magazine LMD, unveiled the top 20 line-up in its forthcoming LMD 100 annual edition with Hayleys retaining the lead, followed by John Keells Holdings (JKH) and LOLC Holdings.

The 33rd edition of Sri Lanka’s pioneering listed company rankings presents an encouraging picture of corporate performance in the financial year 2025/26. The 100 leading listed companies collectively recorded an increase of approximately 20% in revenue, signalling stronger business activity among key contributors to the national economy.

Hayleys secures the top spot for the third consecutive year with its consolidated revenue exceeding Rs. 585 billion, marking a 19% increase over the preceding financial year. JKH climbs from fifth to second place with a top line of nearly Rs. 529 billion – an increase of 67% – while LOLC Holdings occupies third position with revenue surpassing Rs. 429 billion, up 26%.

Commercial Bank of Ceylon (ComBank) advances three places to fourth with a consolidated revenue of over Rs. 365 billion, followed by Carson Cumberbatch in fifth position with nearly Rs. 349 billion. Bukit Darah, Hatton National Bank (HNB), Lanka IOC, CT Holdings, and Cargills (Ceylon) complete the top 10.

A spokesperson for Media Services said: ‘Against a backdrop of economic growth of nearly 5% in 2025 and inflation of around 5% during the latter part of financial year 2025/26, the increase points to an encouraging expansion in corporate revenues.’

However, the recovery remains fragile, with both domestic and external downside risks clouding the outlook.

The forthcoming LMD 100, scheduled for release in January 2027, will present the full rankings alongside an analysis of the financial performance of Sri Lanka’s leading listed companies.

We are not inflation nutters; SL not ready for sub-5% inflation target: CBSL

The Central Bank of Sri Lanka (CBSL) has ruled out a lower inflation target for now. It concluded that a goal below 5% would force a prolonged period of tight monetary policy on an economy still recovering from crisis and exposed to repeated external shocks.

CBSL Senior Deputy Governor Dr. Chandranath Amarasekara set out the reasoning behind the new Monetary Policy Framework Agreement (MPFA) in the most detail yet. He said the CBSL had examined whether a target of 2%, 3%, or 4% would suit the current structure of the economy. ‘The answer was no. We are not there yet,’ he said.

The MPFA was signed on 1 October by President and Finance Minister Anura Kumara Dissanayake and CBSL Governor Dr. Nandalal Weerasinghe. It retains the 5% target for quarterly headline inflation for the next three years, with an accountability margin of ±2 percentage points. That margin is the band outside which the CBSL must formally account for missing its target. The CBSL’s announcement at the time listed only broad considerations, including economic structure, historical evidence, and international practice.

The decision followed months of debate. Independent economists and Former Finance Minister Ravi Karunanayake had urged a cut to 2% or a 2%-3% range, arguing that a lower target would better protect household purchasing power and strengthen policy credibility.

Dr. Amarasekara spoke at The Ceylon Chamber of Commerce’s Sri Lanka Economic and Investment Summit (SLEIS) 2026 last week. He was responding to a question on why the CBSL had not chosen a lower target that could bolster both household resilience and investor confidence.

He said inflation averaged 12% from the opening of the economy in 1978 to the end of the conflict in 2009. It averaged 11% up to the formal adoption of inflation targeting in 2023. Inflation briefly fell below 5% after the new Central Bank Act took effect, but the record showed Sri Lanka to be a high-inflation economy, and high inflation tends to be volatile, he said.

‘Compared to that history, I think 5% is a good inflation rate. It is an ambitious rate, and compared to global best practices, 5% can also be considered low and stable inflation,’ Dr. Amarasekara said.

He said around 15 inflation-targeting central banks have targets of about 2%, but 13 of them are advanced economies and only two are emerging markets. Countries exposed to large energy and food shocks typically set higher targets and wider bands. Sri Lanka belongs in that group, he said, given repeated food, energy, and weather shocks beyond the CBSL’s control. Economies that began with high targets, among them Indonesia, the Philippines, Brazil, and the Czech Republic, took close to 20 years to bring them down to around 2%, he added.

At home, he said inflation currently stood at 8% due to the energy shock. Bringing it down to a lower target would require sacrifice: a strict monetary policy regime, and therefore high interest rates, maintained for longer than usual.

‘Is this the time to do it? Not really. The economy is facing multiple shocks, and at the same time, we are still recovering from the crisis,’ he said.

The CBSL also tested whether a more ambitious target would be welfare-maximising, meaning whether it would deliver the best overall outcome for households and the economy. It found that it would not.

‘We are not inflation nutters. We do not want to reduce inflation to extremely low levels at any cost. That is not how we operate, and that is why we are called a flexible inflation targeter,’ Dr. Amarasekara said. ‘Inflation nutters’ is a central banking term for policymakers who pursue low inflation to the exclusion of growth and jobs.

His remarks come as the CBSL projects headline inflation to remain in the high single digits through the first quarter of 2027 before easing towards the target, according to CBSL Economic Research Director Dr. L.R.C. Pathberiya.

Dr. Amarasekara did not rule out a lower target in future. ‘Gradually, I think it would be good for Sri Lanka to move to a lower inflation target, but not right now,’ he said. He added that there was no promise as to when, as any move would depend on further analysis.

Ajantha Dharmasiri’s Management Musings: Building bridge from reality to results

Ajantha Dharmasiri, a senior professor at the Postgraduate Institute of Management (PIM) and a regular columnist for the Daily FT, has released his newest book titled Management Musings. It contains 30 newspaper articles he had penned from 2021 to 2023 on numerous management issues. This is his 17th publication overall. Dharmasiri has long been an active writer, public lecturer, and human resource expert. Having served as the Director of PIM for two consecutive terms and as the former President of the Chartered Institute of Personnel Management (CIPM) Sri Lanka, he is also a much-loved teacher by his students. This new publication successfully collects some of his most impactful public writings in print form, ensuring they are accessible to a wider readership in Sri Lanka and abroad.

The book offers a direct path toward addressing modern workplace challenges by moving beyond simple common sense into the realm of structured corporate achievements. Through his columns, Dharmasiri functions as a critical link between complex academic theories and the daily ground realities faced by practicing business managers. By compiling these pieces, he provides leaders with a practical handbook that translates everyday corporate situations into sustainable organisational results.

Deeply personal anchor: Family and mentorship

Dharmasiri has always been a dedicated family man who has remained deeply connected to his household throughout his professional career. The present book is intimately dedicated to his family members: his wife, his daughter, and his late son, who left him before attaining adulthood. This connection to family is by no means limited to those in the immediate domestic circle. Within the detailed acknowledgements of the book, he explicitly gives credit to his brothers, parents, and in-laws for shaping his character and making him the individual he is today. He reserves a profound amount of gratitude and particular credit for his late son, whose memory heavily influences his worldview.

In one of his specific articles, Dharmasiri names two distinct mentors who shaped his life path. The first is the late Prof. Uditha Liyanage, a highly respected ex-Director of PIM who directly supervised his doctoral research work. Professor Liyanage served as his traditional academic mentor, providing intellectual guidance, rigorous research standards, and professional direction. However, in the same breath, Dharmasiri gives immense credit to his late son for serving as a “reverse mentor”-a concept where the younger generation guides the older generation.

While reverse mentoring might seem like a strange type of relationship to traditionalists, it is increasingly common and highly necessary in our modern world, as Dharmasiri explains. Belonging to Generation X, he found himself being continuously guided by his son, who belonged to Generation Z. In all matters concerning rapid developments in Information and Communication Technology (ICT), digital media, and modern computing trends, it was his son who proudly served as his Guru.

This dynamic extended far beyond mere technical assistance. Says Dharmasiri: “I learnt how to be cheerful from him. He was always with a smile. This was repeatedly mentioned by his friends who came to pay their last respect. When I was stressful and tired, his warmth and cheerfulness was a relief for me.”

Therefore, his son was not merely a technology guide, but a highly effective stress-beater during times of intense professional pressure. This candid admission of what he learned from his young child illuminates the deeply personal, vulnerable side of an otherwise authoritative academic figure. Yet, for many parents who raise children belonging to the new digital generation, this experience is entirely relatable. In a similar personal parallel, it was my own son who first introduced me to contemporary authors like Dan Brown, Michael Crichton, and Bill Bryson, proving that knowledge flow between generations is truly a two-way street.

Dharmasiri has demonstrated his humility and humbleness by admitting that he was a product of two mentors. On the academic side, it was the late Prof. Uditha Liyanage who fashioned him to a world class teacher and researcher. On the technical and personal side, his late son had guided him through the technological developments of the day and provided him with a powerful tool to address the challenges posed by a highly stressful world.

Power of alliteration: Making complex systems memorable

A defining trait of Dharmasiri’s teaching career is his special skill in breaking down incredibly complex institutional systems into easily graspable terms. He does this by organising his frameworks using words that begin with the exact same letter of the alphabet. His postgraduate students have long noted that this systematic technique helps them visualise and remember the entire big picture involved in an otherwise overwhelming corporate framework. Ordinary readers will easily appreciate this stylistic tool, as it removes the dry, dense nature of typical business textbooks.

In the prologue to the book, he explains that his musings are designed to help a reader execute a four-step mental cycle: recognise, relate, reflect, and reinforce. First, a manager must recognise the unique personal features of diverse people in the workplace. Next, they must relate these basic concepts directly to the current operational challenges faced by their specific company. Following this, they are urged to reflect deeply on the core human struggles of managing performance, before finally reinforcing positive, professional behaviors across multiple operational fronts.

When addressing individuals who wish to pursue higher education, he presents another memorable alphabetical structure. He notes that a master’s degree aspirant should strictly evaluate a business school based on seven key vectors: reputation, reliability, relevance, rigour, reach, response, and research. By analysing these criteria, an applicant ensures they are not just buying a credential but are training themselves to put Mind Before Action-offering a completely fresh, strategic meaning for the traditional MBA abbreviation.

This deliberate method is also visible when he addresses the topic of people management. An employer who genuinely wishes to look after their staff must concentrate on nine distinct operational behaviors, all beginning with the letter C:

1.’Connecting’ authentically with the team on a regular basis.

2.Prioritising long-term ‘career’ development opportunities.

3.Establishing absolute ‘clarity’ of instructions to prevent workplace anxiety.

4.’Conveying’ the clear message regarding institutional values and goals.

5.Consistently ‘congratulating’ on good work to maintain moral momentum.

6.Ensuring visible ‘contribution’ recognition so individual efforts are validated.

7.’Controlling’ for consistency and conformance to keep operational quality stable.

8.Preserving the ‘credibility’ of the work standards across all departments.

9.Active ‘confidence’ inculcation in the employee to empower decentralised decision-making.

These structured frameworks serve as highly practical tools. Any manager wishing to improve their day-to-day operations can easily write these simple alliterative points on short notes and hang them around their bedroom mirror or office workstation as a constant mental reminder.

Through the steady publication of these collected essays, Dharmasiri succeeds in merging messy day-to-day corporate realities with clear business results. In the epilogue of the book, he introduces a timeless philosophical perspective by quoting the famous 19th-century French writer Alexandre Dumas, who famously observed that “All human wisdom is contained in these two words, wait and hope

Navigating the modern infodemic: Friend or foe?

During the height of the COVID-19 pandemic, the entire global population faced an identical problem: how could individuals at the micro level, nations at the macro level, and the international community at the global level successfully overcome a sudden catastrophe? While medical professionals worked on treatments, social media channels were deployed across the globe. Unfortunately, these networks were used both correctly to spread vital safety data and incorrectly to spread panic.

Dharmasiri highlights this modern crisis by utilising a specific term coined by the World Health Organisation (WHO): the oncoming surge of digital misinformation known as an ‘Infodemic’. In his writing, he poses a fundamental question for our modern age: is this digital information explosion a friend or a foe?

He carefully breaks down the two sides of the issue. Accurate, timely information during a public health crisis acts as a vital friend, providing clear instructions that save lives, coordinate medical distribution, and lower public anxiety. Conversely, bad information, unverified rumors, and malicious conspiracy theories act as a dangerous foe, causing widespread public confusion, institutional distrust, and harmful risk-taking behaviour.

Dharmasiri correctly concludes that modern society must learn to screen its digital information flows with intense care. It is our collective responsibility to actively accept what is beneficial and systematically reject what is harmful. A digital foe can be converted into an educational friend, but that transformation depends entirely on our own media literacy and discipline.

This management lesson applies far beyond the historical boundaries of a global pandemic. In our everyday lives, we are continuously bombarded by false, altered, or highly exaggerated misinformation every single second. These notes are frequently pushed by interested parties, political actors, or commercial entities seeking to exploit our attention and guide us down the wrong path. Dharmasiri reminds us that it is our absolute personal duty to defend our minds from these well-orchestrated digital attacks.

Analysis of a popular teledrama in management perspective

A striking musing he has presented in his collection is the analysis of a popular Sinhala teledrama, Nadagamkarayo or Traditional Drama Folks, telecast for over one year. Management or economics is not a subject that is learned only through textbooks. Since both deal with human beings, they are related to the contemporary cultural and societal ethos. Any effective sustained learning should draw on examples from the critical evaluation of that ethos as presented in contemporary artwork. Dharmasiri has used this universal truth to teach us what management lessons could be learned from this particular drama. Obviously, he has singled out this drama due to its immense popularity among Sri Lankan TV viewers.

In the story, there is a young entrepreneur who had started his life as an illicit bootlegger. However, he changes himself through wise counsel of elders in the village. However, the Government officials who should support new businesses in the village have a totally apathetic approach to them. Says Dharmasiri: ‘The questionable support by the so-called Government officials towards the SMEs is realistically portrayed here. Among many inefficient and insensitive State officials, there was one Business Development Officer who went out of the way to help the four youngsters in going for a business registration, obtaining a bank loan, and purchasing of machinery and equipment. Ironically, she is harassed by another colleague who accused her of doing more to get a promotion’. To succeed in their new venture, they do a SWOT analysis, carefully analysing the Strengths, Weaknesses, Opportunities, and Threats to them on the advice of the Chief Incumbent of the Buddhist temple in the village.

This is where the management perspective comes to the picture.

This is the crude reality which Sri Lanka faces today. SME sector which accounts for about 50-60% of national wealth creation and an equal number of employment generation is given step-motherly treatment by the Government officials who are there to promote the same. That is one of the reasons for Sri Lanka to getting trapped in in eternal circle of poverty and economic stagnation. Dharmasiri has beautifully presented this stark truth which may not be palatable to those to whom it matters.

Management musings offered to you an assortment of serene sharing towards meaningfully engaging the precious human resources with care and clarity. It is a matter of envisioning the future and endeavouring to make it a reality. The twin challenge of employee wellbeing and enterprise progress can be balanced by ensuring humane results. With clarity of purpose and commitment in action we should strive for excellence as essence

Merging reality with results: A guide for modern leaders

Through the steady publication of these collected essays, Dharmasiri succeeds in merging messy day-to-day corporate realities with clear business results. In the epilogue of the book, he introduces a timeless philosophical perspective by quoting the famous 19th-century French writer Alexandre Dumas, who famously observed that “All human wisdom is contained in these two words, wait and hope.”

This observation serves as a vital lesson for contemporary corporate executives who often operate under the pressure of immediate deadlines. The management guru advises leaders that they must not simply jump to instant conclusions when an unexpected crisis emerges. Instead, a wise leader waits patiently until the smoke created by an explosive corporate situation completely dissipates, allowing them to view the entire picture with an objective mind.

In the epilogue, Dharmasiri beautifully summarises the core purpose of his essays, offering a long-term vision for the future of professional leadership:

He says: “Management musings offered to you an assortment of serene sharing towards meaningfully engaging the precious human resources with care and clarity. It is a matter of envisioning the future and endeavouring to make it a reality. The twin challenge of employee wellbeing and enterprise progress can be balanced by ensuring humane results. With clarity of purpose and commitment in action we should strive for excellence as essence.”

This final perspective encapsulates the lifelong teaching philosophy of a scholar who has trained thousands of business students. By focusing heavily on the human element, ensuring absolute clarity of purpose, and practicing patience during chaotic times, Management Musings provides an enduring blueprint for any leader striving to bridge the gap between initial corporate reality and ultimate organisational results.

Prevention of Organised Crime Bill: Flooding the zone?

It appears that some in our Government have become acolytes of Steve Bannon, President Trump’s Rasputin. Bannon famously said: “The real opposition is the media. And the way to deal with them is to flood the zone with shit.’ The idea is to overwhelm your critics (not limited to media in the Sri Lankan context) with multiple initiatives at the same time so that they are compelled to let some pass.

First, it was the 22nd Amendment. Then it was the Protection of the State from Terrorism Bill (PSTA). The NGO (Registration and Supervision) Bill, and the Prevention of Organised Crimes Bill (POCA), Prevention of Foreign Terrorist Fighters, amendments to the Poisons, Opium and Dangerous Drugs Ordinance . . . they keep coming. Who has the time and the resources to analyse all these? Who can mount efforts to reduce the dangers posed to human liberty by this flood through challenges before the Supreme Court in the permitted two weeks, or by other means?

The flood is real, but there may be more to it.

Whack-a-mole

The Government’s tactics also evoke the arcade game of whack-a-mole. As the player whacks down one mole, another pops up on the board. The term is used to describe a situation in which any attempt to deal with a problem is met with another problem, or a recurrence of the original problem.

There is great concern about the issuance of Detention Orders (DOs) by the executive without judicial authority in the PSTA. While the eyes of the critics are fixated on the PSTA, the identical mechanism of detention orders signed by a politically appointed Ministry Secretary appears in the POCA. A concerted effort that leverages UN condemnation, the GSP+ conditions and Constitutional principles may succeed in giving a judge, rather than a political appointee, the authority to approve, modify or reject a request for the DO under the PSTA. But the same Constitutionally problematic provision may get through under POCA. Whack-a-Mole + Flood-the-Zone.

Or take the case of the provisions to extract information from telecom or satellite service providers and platform companies such as Meta in the PSTA (December 2025 draft, section 53). Here, low-level police officers could use Magistrate’s orders obtained through ex-parte and in-camera procedures. Someone must have pointed out these provisions would be counterproductive and inimical to expression of ideas. Commendably, sections 53 and 54 were taken out by the time the PSTA was Gazetted. But they reappear with a few small changes in the POCA Bill. Whack-a-mole.

POCA does not repeal current laws, even partially. For a subset of ‘serious crimes’ described below, the POCA provisions such as those on admissibility of statements may apply in addition to the underlying law (e.g., Penal Code or PSTA).

Overbroad definitions

Early drafts of the Anti-Terrorism Bill and the PSTA had overbroad definitions of terrorism, which has been significantly narrowed and improved in the Gazetted version, but many are still unhappy with it.

What falls within the scope of POCA? Section 3 states: ‘The provisions of this Act shall apply to the prevention, investigation, prosecution and punishment of offences specified in this Act or First Schedule hereto or any offence punishable by a maximum term of imprisonment of either description for four years or more in this Act (referred to as the ‘serious crime’), where such serious crime is committed by a member of an organised criminal group.’

The first schedule brings in all kinds of statutes, including the Antiquities Ordinance. But the truly dangerous part is the inclusion of ‘any offence punishable by a maximum term of imprisonment of either description for a term of four years or more.’ It’s rare nowadays for offences to have the upper limit on imprisonment less than four years.

For example, take the controversial Online Safety Act (OSA) that the NPP Manifesto promised to ‘amend . . . by removing restrictions on freedom of expression.’ Almost without exception offences created by the OSA carry a maximum term of imprisonment of over four years and would constitute ‘serious offences’ that can enable the executive to slap DOs on suspects and deprive them of liberty in ways contrary to international norms such as Article 9 of the ICCPR. Not all the offences in the old laws enacted by the British suffer from the imprisonment-inflation problem. For example, the highly problematic section 120 of the Penal Code (exciting or attempting to excite disaffection against the state) carries only a two-year maximum. No DOs for those exciting disaffection.

If the Police believe that the actions of any non-randomly formed group of three or more persons constitute serious crimes and therefore fall within the scope of this legislation dire consequences result, such as key provisions of the Evidence Ordinance (for example, section 24 which makes confession made under inducement, threat, or promise) being made inapplicable or relaxed (POCA, Part IV).

Most people may think this is no cause for concern because too many of those who perpetrate organised crimes are not caught or convicted. But the problem is that with the kinds of overbroad and vague definitions used in this bill, all sorts of people who are not engaged in organised crimes may fall within the net and lose protections built into the Evidence Ordinance and related laws. Even if the courts hold in favour of the accused, they would have already been punished by incarceration under administrative DOs.

The PTA was used against organised crime and underworld activities and not against suspected terrorists in 2025, as stated in Parliament by Minister Vijitha Herath. This was described as an interim measure or a workaround. But it can work the other way round too.

Most political activities that may be considered ‘terroristic’ by the Government in power or the security establishment tend to involve more than three persons. The exception would be the psychopaths known as lone-wolf terrorists, who have not appeared in Sri Lanka so far. The offences under the PSTA carry prison terms that would bring them within the scope of POCA. Therefore, POCA is likely to be used on top of the PSTA.

For example, the removal of sections 53 and 54 from the December 2025 draft of the PSTA will actually be just a charade. They are removed from the high-profile PSTA but brought back in by the layering of POCA on top of PSTA. Similarly, the various safeguards regarding admissibility of statements in the current PSTA draft may be nullified by layering POCA above the PSTA.

The effect of this law is not necessarily limited to criminals.

Is this law needed?

Much of what this law seeks to do may be done under the tried and tested provisions of the Penal Code. For example, this bill hinges on the elements ‘organised criminal group’ which ‘means a structured group of three or more persons, existing for a period of time and acting in concert with the aim of committing one or more serious crimes in order to obtain, directly or indirectly, a financial or other material benefit’ (s. 66).

That definition, in turn, rests on the definition of a ‘structured group’ which ‘means a group that is not randomly formed for the immediate commission of a serious crime and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure.’ (s. 66)

Why these convoluted definitions within definitions when the concepts of abetment, conspiracy and unlawful assembly in the Penal Code can do the job. But the Minister must explain to us why an entirely new law is needed and why the Penal Code and related legislation cannot do the job.

This law is being enacted as part of a flood-the-zone strategy without any public or stakeholder consultation not because new offences are needed, but because the security establishment and the Government want a workaround for the safeguards in existing law. The flood is not entirely of disconnected, discrete pieces of legislation. In this case, part of it is the organically connected PSTA and POCA.

Entrepreneurs share lessons in resilience and leadership at AAT Sri Lanka Conference 2026

Businesses are rarely built according to plan. Sometimes the turning point is a crisis, a failed experiment, a lost job or simply the decision to take a calculated risk.

That reality came through in very different ways as entrepreneurs and corporate leaders shared their personal journeys at the closing leadership panel of the AAT Sri Lanka Conference 2026, offering lessons in discipline, resilience, adaptability and ownership.

The session, Transformative Leadership: Lead to Inspire, was moderated AAT Sri Lanka President by Dr. Chamara Bandara and held on the final day of the conference, themed Precision of Power, at Waters Edge, Battaramulla, on 8 and 9 September.

The panel featured chef and Wild Cookbook culinary content creator Charith N. Silva, Jack Fruit Ceylon Managing Director Dulanjana Vithanage, Vito Pizza Group Managing Director Ranil Goonatilleke, and Castoranets Singapore Vice President of Finance and Administration Bhagya Senevirathne. A recorded address by Araliya Group of Companies Chairman Dudley Sirisena was also screened after he was unable to attend in person.

Entrepreneurship beyond necessity

Opening the session, Dr. Bandara said his own entrepreneurial outlook had been shaped early in his career after questioning why so many graduates sought jobs rather than creating them.

He noted that developing countries recorded higher rates of entrepreneurship than developed ones, although this was largely driven by necessity rather than scalable market opportunity.

‘In developing countries, entrepreneurship is mostly driven by necessity and unemployment,’ he said, citing Sirisena’s rise from a small village rice business to a large corporate enterprise as an example of scaling beyond necessity-driven beginnings.

Discipline as the foundation of leadership

In his recorded address, Sirisena said leading a disciplined personal life was the most fundamental requirement for becoming a leader in business or society.

‘Before becoming a social leader, the most appropriate way to gain experience is to become a leader to yourself,’ he said, recalling that he had grown up without discipline but corrected his path through life experience and guidance.

Sirisena said accounting and commerce education formed a core foundation for structured business planning, while a disciplined lifestyle could help entrepreneurs overcome early capital constraints by building trust with family, friends and financial institutions.

He recalled washing dishes at wealthier friends’ functions during his early years to remain close to networks that could help him access capital.

He also warned against dishonesty in business. ‘Dishonesty destroys all growth and eventually reduces a person to the lowest social tier, regardless of their education level,’ he said.

When crisis forces a business to change

For Ranil Goonatilleke, crisis became the catalyst for changing the direction of his business.

He said Vito Pizza began almost by accident, evolving from wood-fired pizza served to foreign guests at his family’s hotel in Kandy. The Easter Sunday attacks and later COVID-19 brought foreign arrivals to a halt, forcing the business to reconsider its market.

‘We asked ourselves, ‘What do we do now? Who do we cater to?” he said.

The company launched a delivery service within three days of the lockdown, at one point delivering pizza from Kandy to Galagedara.

Goonatilleke credited his accounting background, gained while working at two hotels in Kandy, with giving him the financial literacy and banking exposure needed to later secure funding for his first property.

‘Accountants handle bank loans and documentation for chairmen every day, so why can’t we do it for ourselves?’ he said.

The business has since expanded to Colombo, Peradeniya, Galle and Negombo.

Turning an unwanted crop into an export business

Dulanjana Vithanage’s journey with Jack Fruit Ceylon began far from any early entrepreneurial ambition.

Growing up in a remote village in Galle, he recalled fallen jackfruit routinely obstructing footpaths. ‘As a child, the tree I hated most was the jackfruit tree,’ he said.

After abandoning early ambitions in medicine and law, he pursued Commerce. An experience observing a hospital finance manager directing the work of doctors and engineers later shaped his interest in management.

Vithanage described mobilising university students across faculties to survey why communities avoided eating jackfruit and eventually developing high-protein jackfruit-based noodles and pasta with support from a small government grant and self-funded machinery.

‘We built machinery, failed at candy making, and once dimmed the entire village’s lights when turning on our machine,’ he said.

The business has since grown into an ISO-standard factory employing 30 people and supported by 406 rural suppliers, with exports reaching international markets.

From hospitality to 20 million followers

Charith N. Silva, who spent seven years in the hotel industry before pursuing content creation full-time, said he began publishing short-form culinary videos in 2019 after losing his hospitality job to the pandemic.

He later resigned from full-time employment after recovering from COVID-19 to pursue the venture entirely.

‘You must have a Plan B when taking risks,’ he said, adding that managing younger staff required leaders to set aside ego.

Silva said his content now reaches more than 20 million followers globally, a following that came with a responsibility not to influence audiences negatively.

Creating ownership within organisations

Bhagya Senevirathne, who lost the use of both legs and her right hand in an accident at age 16, said she completed her Ordinary Level examinations the same year and later graduated with first-class honours from Rajarata University, despite employers initially doubting her physical capacity for certain roles.

She joined MAS Holdings as an intern and later led a SAP system implementation and supported data migration during pandemic lockdowns, before leaving after fourteen years to start her own venture.

Senevirathne described intrapreneurship as treating one’s workplace as a second home and taking full ownership of organisational growth.

‘Education is the foundation, but experience shapes our journey. Not everyone can be a founding entrepreneur, but we can work alongside one and add value,’ she said.

‘Since people spend much of their lives at work, entrepreneurs must create a sense of belonging. Even after starting my own business, I still feel that MAS is mine because its culture gave me that feeling.’

Leadership that inspires action

Summarising the session, Vithanage said education remained a full foundation for both entrepreneurs and intrapreneurs, while Silva said a business depended entirely on its staff and required treating them with respect.

Senevirathne said creating a workplace where employees felt ownership was central to sustained success.

Closing the panel, Dr. Bandara urged attendees to apply the lessons shared.

‘When you act as a leader, you inspire followers. Transform yourself and transform those around you,’ he said.