Senfin Money Market Fund wins Gold for fifth consecutive year at CFA Capital Market Awards 2026

the CFA Society Sri Lanka Capital Market Awards 2026. This marks the fifth consecutive Gold Award win for SMMF, following Gold wins in 2022, 2023, 2024 and 2025, and a Silver award in 2021.

The 13th edition of the CFA Society Sri Lanka Capital Market Awards was held on 10 September 2026 at the Oak Room, Cinnamon Grand, Colombo. The event was graced by SEC Chairman Senior Professor Hareendra Dissabandara and CSE Chairman Dimuthu Abeyesekera, and attended by CFA Institute Regional Director, Society Relations-APAC, Reseena Abdullah.

CFA Society Sri Lanka President Rashmi Peiris Paranavitane, delivering the opening address, noted that Sri Lanka’s capital markets are operating in an increasingly complex environment shaped by economic and regulatory developments, artificial intelligence and geopolitical shifts, and that the ability to interpret complexity and uphold high standards has become more important than ever.

SFAM remains fully committed to transparency, providing comprehensive disclosures to all unit holders regardless of investment amount, and continues to adhere to the Global Investment Performance Standards (GIPS) framework. SFAM also claims compliance with the CFA Institute Asset Manager Code of Professional Conduct*.

SFAM has made a conscious effort to ensure that the asset quality of the SMMF takes the highest priority as opposed to exposing unitholders to unnecessary risk in pursuit of a higher yield, with the fund ensuring 95.2% of investments are in A-rated or above investments. SFAM also holds a Fitch credit rating, having become the first standalone Asset Management Company in Sri Lanka to be Fitch-rated, and remains the only Fitch-rated Money Market Fund in the country.

SFAM’s online platform (www.senfinassetmanagement.com) supports end-to-end client onboarding, including KYC, investing, redemptions, switching and live inquiries, with application forms available in all three languages in fully editable, digitally signable PDF formats. The platform is mobile- and data-friendly, with FAQs, an educational media section, live chat, and fund pages carrying KIIDs, fact sheets and trust deeds.

Money market unit trust funds such as SMMF remain ideally suited to short-term cash management for individuals and corporations, with same-business-day redemption and no penalty to the investor.

The Senfin Money Market Fund, launched in 2014, continues to invest in a well-diversified portfolio of government securities, term deposits of banks and NBFIs, repurchase agreements, and corporate debt, all with maturities under 397 days. The Fund’s Trustee is Hatton National Bank PLC. With a minimum investment of Rs. 1,000/- and a management fee of 0.15% per annum, the fund remains highly accessible.

In terms of the fund performance, the SMMF has delivered a one-month annualised return of 9.42%.

In addition to SMMF, the company offers fund management solutions covering fixed-income, equity and Shariah-compliant funds. The Senfin Dynamic Income Fund invests in fixed-income securities beyond 13-month maturities, aiming to maximise returns through active portfolio management. The Senfin Growth Fund targets long-term capital growth through CSE-listed equities in well-managed, high-growth-potential companies. The Senfin Dividend Fund generates current income and capital gains through a diversified portfolio of dividend-paying CSE-listed stocks.

The Senfin Insurance Sector Fund and Senfin Financial Services Fund invest in CSE-listed equities with direct exposure to the insurance and financial services sectors respectively, while the Senfin Consumer Staples Fund invests across Sri Lanka’s retail and consumer sectors.

The Senfin Shariah Income Fund and Senfin Shariah Balanced Fund are Shariah-compliant unit trusts investing in Shariah-compliant securities and Shariah-compliant CSE-listed equities respectively. The Senfin Select Factor Fund targets long-term capital appreciation through a disciplined, ten-KPI equity selection process and has delivered a 5.28% year-to-date return, making it the best-performing Growth Unit Trust Fund in the industry.

Senfin Asset Management is a fully owned subsidiary of Senkadagala Finance PLC, a Central Bank of Sri Lanka licensed finance company.

CSE breaks five-session losing streak, ends 0.33% on the up

The Colombo stock market ended a five-session losing streak yesterday to end in green.

The ASPI ended up 0.33% or 67.97 points at 20,880.90 as 101 counters ended in green against 94 in red, and the S and P SL20 ended down 0.13% or 7.49 points at 5,901.65.

Turnover was over Rs. 1.4 billion on nearly 65.4 million shares traded and foreign investors were net sellers on a net outflow of Rs. 94.2 million.

The top contributors to the ASPI gain were DIAL, SINS, LION, CARS and LOLC.

First Capital Research said the bourse saw a reversal in the investor sentiment, weighing on the drop in global oil prices.

Although the global oil market was volatile, the Colombo stock market sustained its positive momentum through most of the session, further backed by the positivity stemmed from CBSL’s decision the previous day to maintain the OPR at 8.75%.

Turnover was largely contributed by HNW investors, whose interest was predominantly seen across the Banking sector. However, the retail investors depicted a low participation.

The banking sector led the daily turnover with a share of 34%, followed by the capital goods, and energy sectors collectively contributing 40%.

India to meet Pakistan for Asian Games men’s cricket Gold

Sri Lanka’s second string T20I side proved to be no better than their seniors when they were shot out rather dismally for 45 in their Asian Games men’s cricket semi-final clash against India at Nisshin yesterday.

India invited to bat first hit up 169-7 and won the contest by a whopping margin of 124 runs to set up a clash with arch rivals Pakistan in the final for the Gold on Saturday at the same venue.

Pakistan beat Bangladesh by six wickets in the other semi-final yesterday. Sri Lanka and Bangladesh will play for the Bronze medal on Saturday at 5.30 am (SLT).

Vaibhav Sooryavanshi set the base for India and Ishan Kishan’s knock landed the knockout blow for a new-look Sri Lankan side. India did suffer early setbacks when opener Abhishek Sharma and Sanju Samson both fell for 7, leaving the side struggling at 24-2.

Making his comeback in the T20I side after missing the entire preceding series against Afghanistan, teenage prodigy Sooryavanshi injected momentum into the innings, smashing 38 off 21 balls with six boundaries and two sixes before falling to Sahan Arachchige. Captain Shreyas Iyer contributed a run-a-ball 13, and there was useful support at the other end for Kishan as he turned the tables on Sri Lanka with a fiery knock.

Kishan provided a masterclass on a challenging, spin-friendly surface as he anchored in the middle overs before unleashing a barrage of boundaries towards the backend of the innings to power India to a daunting total for the conditions. Kishan hit five sixes and four fours in his knock of 80* off 46 balls.

In response, Sri Lanka’s chase collapsed almost immediately against a disciplined Indian bowling attack led by Jasprit Bumrah and Axar Patel. Bumrah delivered two early strikes in his opening over even before Sri Lanka could get off the mark. Patel wreaked havoc through the middle order by dismissing captain Arachchige and Ashen Bandara in the space of four balls.

India’s sharp ground fielding also led to multiple run-outs, including opener Lasith Croospulle (0) and No. 4 Nuwanidu Fernando (15) as Sri Lanka slipped to 31-6 inside the Powerplay. That soon became 33-7 with Washington Sundar getting on the board in the seventh over. Sundar and Ravi Bishnoi continued the squeeze, keeping a tight leash as Sri Lanka struggled to break free under immense scoreboard pressure.

Unable to establish any partnerships on the turning pitch, Sri Lanka were eventually bowled out for just 45 runs in 9.5 overs, with Abhishek Sharma bagging the two remaining wickets off successive deliveries. Sri Lanka folded for 45 in 9.5 overs, to crash out of the gold medal race.

Siyapatha Finance extends Colombo footprint with new Thalawathugoda Branch

Siyapatha Finance PLC successfully unveiled its 68th branch in Thalawathugoda, Colombo District, further expanding the company’s presence in the Western Province. Located in one of the capital’s fastest-growing residential suburbs, close to the administrative hub at Battaramulla, the latest branch offers convenient and wider access to tailored, customer-centric financial solutions.

The branch was declared open by Siyapatha Finance PLC Directors Jayanath Gunawardhana and Shriyani Ranathunga, together with Chief Executive Officer Mathisha Hewavitharana, in the presence of Chief Operating Officer Rajeev De Silva, and Methuka Malhiru of Pannipitiya Dharmapala Vidyalaya, (Recipient of the company’s ‘Siyapatha Shilpaloka’ recognition) along with Senior Management and staff members. Also present were Grama Niladhari Gamage Ruwanmini, Trade Association President Samptha Gurusinghe, representatives of the Government and private banks and insurance companies, and well-wishers.

Speaking at the ceremony, Siyapatha Finance PLC CEO Mathisha Hewavitharana remarked: ‘We are pleased to bring Siyapatha Finance closer to the people of Thalawathugoda. This is a suburb that has grown quickly over the past decade, with a rising number of salaried households, professionals and small businesses whose financial needs are becoming more sophisticated. As always, our goal is to make a real difference in the standard of living of every community we serve, and we look forward to building lasting relationships with our customers here.’

With a comprehensive product portfolio catering to the ever-evolving financial needs of entrepreneurs, small and medium-scale enterprises (SMEs) and ambitious individuals, the Thalawathugoda branch offers a range of services including leasing, fixed deposits, savings, gold financing, business loans, personal loans, fast draft, factoring, and Smart Pay, the Company’s automated bill payment facility.

Wijeya Newspapers’ Moiz Mustafa wins AI Content Creators of the Year – Gold at National AI Awards

Wijeya Newspapers Ltd., Digital Media Manager Moiz Mustafa, on Wednesday received the AI Content Creators of the Year, AI Social Impact Content Creator Award – Gold at the National AI Awards 2026, held at Monarch Imperial, Sri Jayewardenepura Kotte.

The awards formed part of the AI Expo and Conference and Sri Lanka AI Week 2026. Pioneered by the Ministry of Digital Economy and SLT Mobitel under the theme ‘AI Amplified,’ the national initiative brought together technology leaders, innovators, policymakers, academics and emerging talent to promote AI adoption and innovation in Sri Lanka.

Moiz was recognised for using AI to transform important public information into clear, accessible and interactive content across print, digital and social media.

One highlighted initiative was an AI-assisted summary that turned an announcement about Sri Lanka’s QR code system into a comprehensive information hub, attracting more than 700,000 views.

His work also included a dengue awareness campaign published in English, Sinhala and Tamil. The campaign featured a live dengue case tracker, an interactive knowledge quiz, and a detective-style Mirror Mission that allowed users to make decisions during a simulated outbreak.

AI was also used to convert complex data and official statistics into easy-to-understand explainers and social media graphics. It supported content development, translation, data presentation, and interactive experiences, and editors reviewed every output for accuracy and context.

Following the receipt of the award Moiz said: ‘This award shows what is possible when AI is used with a clear public purpose. AI is not a replacement for editorial judgment. It can help us explain complex issues more clearly, reach people in the languages they use, and create content they can actively engage with. I am grateful to Wijeya Newspapers and the editorial and web development teams that helped bring these ideas to life.’

He also said the recognition reflects Wijeya Newspapers’ continued efforts to use emerging technology responsibly while making important information more useful and accessible to the public.

Economic recovery, growth and challenge

Despite all the criticism levelled chiefly at the inexperience and dearth of talent within the AKD-led NPP Government, which was swept to power with an overwhelming mandate and without any bloodshed, that Government, with its unflinching commitment to pragmatic policies and clean governance, has performed remarkably well, not simply in arresting the economy’s descent towards stagnation and financial bankruptcy but in putting it on a stronger footing towards achieving higher growth in the future.

That pragmatism has capitalist traits is not disputed. Even Lenin’s NEP accommodated the market economy as a temporary measure before launching his communist model. However, in endorsing Sri Lanka’s achievements, Capital Alliance Holdings (CAL), a capital market service provider, said the following in its 2025/26 annual report: “The period of 2025/26 stands as a compelling chapter in Sri Lanka’s economic history, one defined not by crisis but by the disciplined pursuit of stability and the careful cultivation of growth. The nation has demonstrated that even after a sovereign default, with the right combination of institutional commitment, international partnership and policy coherence, recovery is not only possible but achievable faster than many had anticipated.”

According to the Governor of the Central Bank of Sri Lanka (CBSL), even the debt-to-GDP ratio has declined, although the extent of that decline sounds a bit exaggerated. To cap it all, Fitch has raised the country’s Issuer Default Rating (IDR) from CCC+ to B-. So far, so good, but the challenges that lie ahead are formidable, and the most crucial one, as CAL’s report points out, is “the urgency of translating macroeconomic recovery into household-level welfare improvement”. Will the forthcoming budget tackle this dire need?

Meanwhile, having acknowledged the progress made so far under the $ 3 billion EFF program, IMF Mission Chief Evan Papageorgiou reminded the Government that “the 2026 budget should be in line with program parameters to continue building fiscal space on the back of revenue measures and prudent spending execution, (which) requires sustained efforts to improve tax compliance, broaden the tax base and tackle revenue leakages by strengthening the tax exemption framework. Enhancing public financial management, avoiding the reemergence of expenditure arrears and promoting high-quality and efficient public expenditure, including by addressing capital spending under-execution, will contribute to safeguarding fiscal discipline and transparency.”

Sadly, nowhere in the Mission Chief’s remarks was there any reference to measures that would improve household-level welfare. Most recently, Treasury Secretary Dr. Harshana Suriyapperuma, commenting not on the 2026 but on the 2027 budget, said that it would “create (the) best environment for our fishermen, for our farmers, for our industries, businesses and service sectors to thrive”. Yet the Government, strengthened by the achievements made so far, has announced that it would exit the IMF program in 2027 and would not seek another on the same conditions.

However, the nation’s poverty rate still hovers around 24%, according to World Bank estimates. Poverty reduction remains the biggest challenge facing the NPP Government, and the poverty rate must be brought down not simply by raising Aswesuma payments or by cutting a few cents off the prices of certain consumer items sold through Sathosa, but by tackling the causes that led to the growth of poverty in the first place.

One indisputable fact about the economic recovery and growth experienced so far is that a substantial share of the cost of that recovery has been borne by the nation’s low-income earners. The IMF’s recommendation to broaden the tax base, which resulted in 18% VAT, together with inflationary pressure on prices, has hit low-income groups and made poverty reduction almost impossible.

Raising the income tax threshold from Rs. 150,000 to Rs. 200,000, which the Government is mulling for the forthcoming budget, may provide some relief to low-income earners, while the tax revenue thereby lost must be regained by changing the tax structure so that super- and upper-income earners bear the greater share of the tax burden.

Tackling systemic poverty indirectly through narrowing the tax base, and directly through rejuvenating the rural sector by resourcing its agricultural production base, should take precedence in the forthcoming budget. Even if the Government were to seek further assistance from the IMF, that assistance must be made conditional on measures aimed at poverty reduction through resourcing the rural economy.

This would not only enhance the nation’s self-sufficiency in basic needs but also stem the outflow of rural labour to urban areas, which adds to urban poverty. In short, AKD’s system change, with reference to the economy, needs a Gamperaliya to start with.

Maintaining monetary stability, achieving fiscal balance, investing in infrastructure development, incentivising foreign investment and managing foreign debt to maintain Sri Lanka’s credibility in international financial markets have been the main objectives of the EFF-financed IMF pathway.

It is time for the AKD-NPP Government to leave its own footprint by indigenising the economic model, prioritising the issue of equity without abandoning the open economy paradigm. There are good lessons to learn in this regard from the economic experience of certain Southeast Asian countries such as Vietnam and Cambodia.

Yet there are other challenges to overcome. For example, the supply constraints and inflationary impact of the two wars, one in Europe and the other in the Middle East, and the protectionist trade policies advocated by an adventurist US President have shattered the growth prospects of practically every economy in the world. The cost-of-living crisis Sri Lanka currently faces, for instance, is part of an economic pandemic closely associated with these events.

The IMF’s economic policy steering and growth strategy have no solution to ease the pain. The entire global capitalist economic order is in a state of crisis. This makes systemic change more challenging, at least in the short run, for countries like Sri Lanka. Similarly, the rising threat of the El Niño effect or climate change could ruin decades of development and make economic growth even more difficult. Sri Lanka’s Ditwah this year was relatively minor compared to what happened in Nepal recently.

Decades of warnings by scientists, climatologists and economists about the dangers of unidimensional economic models based on technological arrogance and the profit motive were ignored. The same arrogance is now being displayed in relation to AI. These are formidable challenges to overcome in pursuit of the much-touted systemic change announced by the AKD-NPP duo. The remaining half of the NPP’s term in Government should be an eventful period in this regard.

SL Sevens open Asian Games campaign with double win

Sri Lanka’s Sevens rugby outfit under Srinath Sooriyabandara kicked off the first day of the Asian Games in Japan on a winning note.

Sri Lanka beat the Philippines 22/14 and then regrouped to make a bold comeback to outclass Singapore 31/17. At one stage, Singapore were leading 12/0. Today Sri Lanka will meet the Fijian-filled UAE in their last group encounter at 7.30 a.m.

Judging and judges

With the hearing of the 22nd amendment to the country’s Constitution, the person and the role of the Chief Justice has come into sharp focus.

This attention should be welcome, the courts after all only exercise the judicial powers of the people, and are an institution wholly upheld with public funds. Justice is an expensive business, not only in monetary terms, on a daily basis it engages the time of many thousands across the island who have to attend court in various capacities. Greater its impact on the daily life of citizens, higher the expenses incurred by an institution, more the required scrutiny.

By any yardstick, the recent history of the office of Chief Justice of Sri Lanka cannot be said to be illustrious. We had a Chief Justice who later apologised for favouring a powerful politician in a case before him. They were long-term friends, even after retirement, this Chief Justice has shown a marked partiality to the politician’s cause. We had another Chief Justice who upon the electoral defeat of the President responsible for his judicial elevation, was virtually chased out of his office (whether he retired, was removed or unceremoniously shown the door is unclear). So scorned was he. It is commonly said that on election night the judge was with his patron, the defeated President. A tale of two judges and one president!

A judge can have other skills, a diplomat, even a good salesman perhaps. So base is our so-called elite, when political winds changed later, the man was appointed the nation’s spokesman on the international stage, confirming yet again the world’s dismissive opinion of this country!

The foreignness of the laws we practice is obvious. None of it evolved here, beginning a few centuries ago when a handful of venturesome European seafarers landed on our shores; a chance discovery and a tentative landing on a hot beach. Gradually, depending on the needs of the time, new laws and legal methods were introduced. The dress of legal practitioners; the black tie and jackets, robes and wigs to the weathered books the lawyers carry with a weighty air, are as foreign as a stethoscope around the neck of a native physician.

In the originating countries the legal system is in its evolutionary habitat; comfortable, commanding general acceptance; committed to fairness, leaning towards liberality, a symbol of a particular civilisation. Important court decisions are analysed minutely, the judge’s legal philosophy examined, his personal life subject to scrutiny; a price is paid to keep the quality high and system straight. It is commonly said that some of the best English writing is found in British judgments; men of the world, considering matters with wisdom and foresight. In a differently evolved culture, institutions like the judiciary can easily become a totem, a holy cow venerated by rote. We live in a crisis-ridden society; one way or the other, every institution is affected by the malaise. Here, for an institution to claim respect, it must threaten violence.

If we expect the courts to represent the true meaning of justice, our expectations could be too rosy, even naive. By definition, their function is narrower, further constricted by cultural personality. Democracy has more meaning when practiced by individualistic cultures, where a person’s liberty is fundamental and the individual commands parity with his counterpart. Our infamous patron/client social arrangement; the humble supplicant before the benevolent patron, distorts the essence of the system, a system which assumes equality in the encounter.

Courts do justice because it is their duty, not because a party is humbling itself before court.

Practicality tells us that justice is on a sounder footing when that economy is robust, a people with a work culture delivering high quality. Where poverty is a nation’s perpetual shadow, when failure defines its institutions, when productivity is at a low ebb, we cannot expect a shining judiciary. Examine our legal literature; it is unsettling that nearly all accepted textbooks as well as the ideas of law emanate from the originating societies. On the other hand, weakness gnaws at the pretenses of the imitating cultures, giving rise to touchiness and excessive ceremony.

Every institution is a creature of its people; it cannot march far ahead, nor will it lag far behind.

Recently we read of the passing of a former Chief Justice G.P.S. De Silva. He was in his nineties. There were several obituaries of him. One particular tribute, on a talk -show, in Sinhala, by a youngish female presenter caught my attention. In her tone there was a hint of comparison, she thought of the legal personalities of yesteryear as significantly better, more fitting the role. Their cultural personality was approximate as could be to the lawyers of the originating countries. That past is receding now; the presenter was too young to have known the long-retired judge personally; the incident she described to illustrate her admiration of the deceased judge could not have been a first-hand experience. Her presentation was not that of a lawyer, nor did her ideas or wording come from the world of the deceased personage. In her appreciation she chose to emphasise the judge’s humbleness, the point of the story, a story that had been told to her.

The Chief Justice was in the habit of doing a morning walk at the Galle Face Green. He had a walking companion who happened to work at Elephant House which had a plant nearby. Apparently, they walked together but did not talk very much, remaining somewhat unacquainted.

One morning this companion suggested to G.P.S. De Silva that they extend their walk to the company plant where he had to attend to a matter. The judge agreed to accompany the man. The companion, having given instructions to the employees there, rejoined the judge with an air of importance. He then identified himself as a senior manager at the plant and asked his not so communicative walking companion what he did for a living. He replied he was in the legal profession. Was he a Proctor? No, he worked in a court. After a lengthy process of questions on this line, he finally cajoled the judge to admit his office, he was the Chief Justice.

The female presenter saw greatness in the judge’s self-effacement. Obviously, G.P.S. De Silva was a man of few words, carrying his office lightly. Her admiration was consistent with a cultural narration which finds humbleness becoming; a personal quality necessarily subjective in assessment. Defined whichever way, it is a quality rarely seen in word or action today, only in our overall national achievements is humbleness apparent!

After all, G.P. S. De Silva was a judge, that was his life’s work. Judges reach senior positions through the passing of time and automatic promotions. Did his judgments open greater horizons or expand our potentialities? Are our rights stronger or our human dignity more assured on account of his interpretations of the law? Is there less social tension or frustration now? There is a huge backlog of million plus cases in our courts, was an attempt made to put this right? Not a word on his judicial life in the presenter’s appreciation of the judge.

That is our media, one of the most vital elements of the system.

Judge in his own cause

‘Judge in his own cause’ is a concept very much in the public domain now. We do not know how deep the aversion to a person judging his own cause goes in our national psyche. Bribing the umpire, or fixing the match, seems not so uncommon in the Sub-Continent. As long as you get the desired result, trespassing the sporting spirit is forgiven. Similarly, our various tender boards, both public as well as private sector, have mastered the techniques of fixing the result. In short, the decision maker has an interest in the outcome, and he ensures that outcome.

The idea is not merely a judicial concept. It is an existential issue where a party engages another assuming an even playing field, unaware that the result is already decided or ‘fixed’. It can happen anywhere; a tender for a contract, the selection of a beauty queen or even a sporting encounter.

In an anthology of short stories by the renowned author Somerset Maugham (1874-1965) I came across a story fascinating for its unusualness.

The narrator of the story notices a little book at a small secondhand bookstore in Seoul, South Korea. Being a gambling man, the title interests him, ‘The complete Poker Player’ by John Blackbridge, an actuary and counselor-at -law, published in 1879. It is a bargain price. ‘I do not remember that for so small a price I have ever purchased better entertainment’

From the pages of the book, the narrator conjures up the personality of Blackbridge the author – a middle-aged man, clean-shaven, square jaw, sallow face, discerning eyes. At the card table, he was just, rather than merciful. The narrator quotes Blackbridge ‘Men hate those whom they have injured; but love those whom they have benefited, men are universally actuated by self-interest’

‘The lower cards as well as the lower classes are only useful in combination or in excess, and cannot be depended upon under any other circumstances’

Blackbridge considered himself a gentleman gambler (living in a day when it had its obligations and also its privileges). Giving his counterpart a fair go was an obligation of a gentleman; fair play or equal footing were sacrosanct to that way of thinking. Blackbridge looked down on betting on a certainty, the essence of their pursuit being the uncertainty in the outcome for both parties.

Blackbridge ends his book with the line ‘For we must take human nature as it is’.

Judge in his own cause, is obviously a concept long in evolution, owing variegated sources, complex and nuanced.

Also in the air is the word referendum, consulting the people by a direct vote.

Here, I like to indulge in two fanciful conjectures.

Firstly, after years of observing the men involved and the systems they operate, how will our citizens react if asked whether they would prefer a final appeal to a British Court, expenses of no consequence?

Presently, we have a choice in health services. Everyone who can afford it, fly to Mt. Elizabeth Hospital in Singapore for their ailments.

Secondly, Maldives. If we were that kind of country, Maldives could have been a satellite State of Sri Lanka. To have satellite countries the primary country must be either powerful, rich or at least an exemplar in an important activity. We are not any of these. Tiny by comparison, Maldivians are said to be of Sri Lankan origins biologically, marooned fishermen perhaps. Many Maldivians are here as students. Many more live here. There are thousands of Sri Lankans working there.

How will the Maldivians vote if they were asked at a referendum to accept a final appeal to a Sri Lankan court on their legal disputes?

Will such referendums confirm the common narrative, we are a nation with sound institutions and capable men, or will such a referendum debunk completely the seventy years of myth building we have indulged in?

Servatians Colombo Night 2026 at Waters Edge tomorrow

The St. Servatius’ College Matara Old Boys’ Association – Colombo Branch will host ‘Servatians Colombo Night 2026′ on Saturday, 3 October 2026, at Waters Edge, Battaramulla, from 6.30 p.m. onwards.

The event is organised as an evening of fellowship, bringing together old boys of St. Servatius’ College Matara living in and around Colombo.

A special feature of this year’s event will be the felicitation of Lieutenant General Nilantha Premaratne, Commander of the Sri Lanka Army and a distinguished old boy of St. Servatius’ College. He is recognised as the first Army Commander produced by the College.

The evening will provide Servatians with an opportunity to reconnect with fellow old boys, celebrate their shared school heritage and strengthen the bonds of the Servatian community in Colombo.

For further details, please contact the Joint Secretaries: Sajeewa Sapukotana on 071 077 9779 or Maj. Vibeeshan Perera on 071 436 3673.

Regulatory reforms to boost Sri Lanka’s gem and jewellery industry: NGJA Chief

The National Gem and Jewellery Authority (NGJA) is working on policy and regulatory reforms to boost Sri Lanka’s gem and jewellery industry, including relaxing regulations that may leave room for unlawful or unethical practices.

Speaking at the launch of JEWELS 2026, the International Gem and Jewellery Exhibition and Competition organised by the Gemmologists Association of Sri Lanka (GASL), NGJA Chairman and CEO Prof. S.P. Chaminda said the Authority was taking steps to create greater opportunities for legitimate industry players.

Chaminda added that the NGJA would fund the participation of over 15 SME groups at FACETS 2026, as part of efforts to help smaller businesses develop into larger exporters and exhibitors.

Scheduled for 4 to 6 December, JEWELS 2026 will be held at the Colombo Lotus Tower on the 25th and 26th floors under the theme ‘From Sri Lanka to the World’.

JEWELS Chairman and GASL President-Elect Shehan Daulagala said the exhibition is aimed at creating opportunities for businesses of all sizes, particularly SMEs seeking greater visibility and access to international markets. He also stressed the importance of professionalism and integrity in protecting Sri Lanka’s reputation in the gem and jewellery industry.

GASL President Chathurangani Arthanayaka said JEWELS 2026 would help showcase Sri Lanka’s gem heritage, professional standards and industry capabilities to international markets.

Sri Lanka Tourism Promotion Bureau Chairman Buddhika Hewawasam highlighted the potential for developing gem-based experiential tourism around mines to increase tourist expenditure through higher-value products and services. He identified India, China and other Asian countries as potential markets, noting their interest in Sri Lankan gemstones.