An Echelon Media Company
Friday November 13th, 2026

Regional cooperation and PPPs key to developing educational technology in Sri Lanka: IPS

Primary school students in Chennai Credit: GPE/Deepa Srikantaiah

ECONOMYNEXT – The use of technology in education has notably enhanced productivity and resilience in the educational sector. As the world increasingly turns to educational technology (Ed-tech) solutions, it is essential to align these advancements with Sustainable Development Goal 4 (SDG 4), which advocates for inclusive and equitable quality education for all.

The Institute of Policy Studies of Sri Lanka (IPS) recently hosted a hybrid Roundtable Discussion titled ‘Ed-tech Towards Achieving SDGs,’ offering valuable perspectives on the role of Ed-tech in bridging educational gaps and the facilitators and barriers to the expansion of Ed-tech going ahead.

Currently, the primary focus in Ed-tech revolves around adapting to rapidly evolving technologies. There are also concerns that overreliance on technology could widen disparities in accessing quality education. The preceding discussion provides insights into how Ed-tech can be used to address these gaps and overcome barriers, emphasising the importance of regional cooperation and public-private partnerships, and the recent emergence of AI.

Regional Collaboration in Facilitating Ed-tech

A key insight from the discussion was the pivotal role of regional cooperation in accelerating the implementation and adoption of Ed-tech. Ms Cahya Raith from the Southeast Asian Ministers of Education Organization – Regional Open Learning Center (SEAMOLEC) underscored the role of knowledge sharing, joint research and development efforts, and collaborative capacity-building programmes in advancing Ed-tech in the region.

Similarly, the SEAMEO plays a crucial role in the region’s Ed-tech landscape, fostering innovative practices in Open and Distance Learning (ODL) with a keen eye on integrating metaverse and artificial intelligence (AI) technologies. They are also looking at enhancing the capabilities of educators through their regional training programmes which are designed to improve technology integration in the learning process.

The alignment of Southeast Asian countries towards a knowledge-based economy has emerged as a driving force in shaping Ed-tech policies in the region. Ms Ratna Hartine, representing Angel Investment Network Indonesia (ANGIN), noted that Ed-tech policies within the region are more focused on digitising national education data and administration. This includes establishing digital repositories like lectures, ebooks, simulation software and other learning materials, and seeking to expand access to quality education by leveraging mobile learning platforms and by equipping teachers with the required skills through teacher training programmes.

The Role of Public-Private Partnerships

The discussion also shed light on the critical role of public-private partnerships (PPP) in expanding Ed-tech. Mr Asith de Silva, Senior Manager – Social Innovation at Dialog Axiata PLC, discussed how their collaboration with Sri Lanka’s Ministry of Education significantly contributed to the success of ‘the ‘Nenasa’ programme. Nenasa has been delivering educational content for Sri Lankan students since 2009 via a variety of technological means including TV channels and mobile apps, as well as teacher training programmes for teachers in utilising technology in the teaching process.

India’s ‘OLabs’ is another noteworthy PPP in South Asia that makes lab resources readily (anytime) and remotely (anywhere) available to students without access to physical labs or where equipment is not available in their schools due to scarcity or cost. The initiative was pioneered by AmritaCREATE and C-DAC under a research grant from the Ministry of Electronics and Information Technology in India, and collaborating and funding support from the public sector has been instrumental in developing such Ed-tech initiatives that support education in schools. Students can access over 170 interactive simulations online anytime, anywhere with OLabs.

Improving Access for Vulnerable Groups

A significant part of the roundtable focused on using Ed-tech to enhance access to education for vulnerable populations. Several Ed-tech initiatives in South Asia, Southeast Asia, and the Middle East and North Africa (MENA) region that cater to this purpose include Pakistan’s ‘WonderTree’ initiative for children with disabilities, Indonesia’s ‘BEEP’ for out-of-school children, India’s ‘OLabs’ and ‘Class Saathi’ for rural children and children from underprivileged areas. These initiatives can support to fill shortages of special education teachers. For example, at present in Pakistan there is only one special need therapist for every 230,000 children with special needs. WonderTree in Pakistan has filled some of this gap in education, benefitting around 4000 students with special needs. Recognising its potential, the UNICEF is actively supporting its expansion efforts.

‘‘Currently an assessment could be deployed in about 5 minutes, in class, student responses are instantaneous and so are the results (he doesn’t need to grade them separately). Traditional assessment usually takes 3-4 hours each’’ says an assistant teacher at a Composite School in India who has been using Class Saathi, an Ed-tech initiative which is a Bluetooth clicker-based smart classroom solution that makes formative assessment easy and fast.

Importantly, Mr Georges Boarde, Senior Education Programme Specialist from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) in the Near East, highlighted the role played by the UNRWA e-learning platform in improving access to remote learning material and resources for Palestinian refugee students. He also stated how they prioritise enhancing education resilience by improving the preparedness of students and teachers for remote learning and teaching in times of emergencies, such as the COVID-19 pandemic and the ongoing conflict in the region. While the UNRWA is a humanitarian organization that provides its services free to refugees, Mr Boarde highlighted the lack of internal revenue sources as a main barrier to implementing their plans for integrating technology in education, as well as the important role played by donors in facilitating the development of Ed-tech, including its scope and quality.

AI’s Role in Quality Education

The discussion also focused on how AI could help education. Dr Gharbi, CEO of Uptitude, a digital learning company, in Tunisia offered insights on the MENA region’s adoption of AI in education through platforms such as Zenon Academy and AI Mentor which uses gamification and other methods to enhance the learning experience of students. But she also emphasised the varying levels of AI integration across countries, with advanced implementations in the UAE and Saudi Arabia, and a growing interest in AI post-pandemic in Tunisia, Morocco, and Algeria.

To add to that, Ms Hartine highlighted Sekolah metaverse community, a PPP in Indonesia that uses AI, augmented reality (AR), and virtual reality (VR) to substitute learning environments like laboratories in schools that lack resources and funding by creating a community. She also noted how such visual experiences are useful for students who struggle with reading. Other participants from the roundtable further highlighted the role of AI in reducing resource requirements, including personnel, reducing costs, and guiding teachers, among its other uses.

Experts from the government sector, private sector, and donor agencies contributed valuable insights to the roundtable discussion. The event, based on a recent IPS study financed by the Southern Voice and managed by the Group for the Analysis of Development (GRADE), provided a comprehensive overview of the Ed-tech landscape and its potential in achieving SDGs.

Sri Lanka stocks close down 0.60-pct, dragged by HNB and LOLC

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.60 percent.

The ASPI was down 133.22 points at 22,024.18, while the more liquid S&P SL20 was down 1.06 percent, or 67.55 points, at 6,298.02.

The ASPI ended the week up 784.53 points from last Friday.

Positive contributors to the ASPI were Dialog Axiata (up 0.40 percent at 50.20 rupees), Distilleries Company of Sri Lanka (up 0.52 percent at 58.30 rupees), Aitken Spence (up 3.60 percent at 151.00 rupees), Ceylon Tobacco Company (up 1.05 percent at 1,828.50 rupees), and LOLC Finance (up 1.96 percent at 5.20 rupees).

Hatton National Bank (down 1.88 percent at 403.75 rupees), Richard Pieris and Company (down 6.21 percent at 27.20 rupees), LOLC Holdings (down 2.17 percent at 405.00 rupees), Sampath Bank (down 1.91 percent at 154.00 rupees), and Singer (Sri Lanka) (down 2.40 percent at 77.30 rupees) were top negative contributors.

Market turnover was 3.23 billion rupees. Capital goods led turnover with 869.21 million rupees. (Colombo/Nov13/2026)

Continue Reading

Sri Lanka MP slams budget speech for omitting Tamil national question

ECONOMYNEXT – A Sri Lanka legislator has voiced strong disappointment that the President’s budget speech failed to make a single mention of the Tamil national question.

“It is very unfortunate that in His Excellency the President’s speech, there has not been a single word mentioned about the Tamil national question. Not a single word,” Shanakiyan Rasamanickam said.

“A budget speech generally, is a policy direction of the government for the next year. The budget speech is not only a statement of the country’s fiscal position or the economy’s position. It is the country’s, the government’s, plan, or what the government plans to do the following year. That’s a policy statement.”

Former presidents would at least mention the Tamil question even if it was not resolved, he said.

Former President Ranil Wickremesinghe in his speech, in his policy statement, he would mention: “The Tamil national question must be resolved,” Rasamanickam said.

Former Presidents Maithripala Sirisena and Gotabaya Rajapaksa also mentioned that the national ethnic question must be resolved, he added.

“Every President, every country’s Head of State, in their policy statements, have acknowledged the fact that there is an unresolved national issue, the Tamil national question, that it needs to be resolved. Various governments have proposed various mechanisms; none of them have succeeded, but at least it was mentioned.”

This year’s budget made allocations for the Office of Missing Persons, and the Office of Reparations.

“But the domestic mechanism is a mechanism that the victim community has rejected. So you all are allocating money to a mechanism where the victim community is not going to be part of.”

Last year’s budget 1 billion was allocated to be spent on the Trincomalee and Jaffna airports.

“Where was that 1 billion for the Trincomalee and Jaffna airports spent last year?”

“The trajectory of this government, Honourable Deputy Speaker, is worrying to me. It’s really worrying to me. Because if the objective is to say that there is no Tamil national question, if the objective is to say that you all have resolved any ethnic issue that this country faced, then Honourable Deputy Speaker, then I think the Tamil people will teach this government a very, very, very harsh lesson in the future.” (Colombo/Nov13/2026)

Continue Reading

Sri Lanka sells extra Rs6.5bn Treasury bills after auction

ECONOMYNEXT – Sri Lanka has sold 6,500 million rupees of treasury bills offered on tap at an average rate of 9.95 percent, the public debt management office said, bringing the total of bills sold in the week to 85.562 billion rupees.

The issue offered 90 billion.

Total market subscription was 6.5 billion rupees.

The debt office sold a 12-month bill at 9.95 percent.

On Wednesday (11) the debt office raised 79 billion rupees of 3, 6 and 12 month bills after offering 90 billion.

Read more
Sri Lanka Treasury bill yields hold broadly steady, less bills sold

The settlement date is November 13. (Colombo/Nov13/2026)

Continue Reading

Access Engineering Sept quarter group net profit surges 200-pct to Rs4.75bn

ECONOMYNEXT — Sri Lanka’s Access Engineering PLC recorded a group net profit attributable to equity holders of Rs. 4.75 billion for the quarter ended September 30, surging 200 percent from Rs. 1.58 billion a year earlier, interim accounts showed.

Basic earnings per share rose to Rs. 4.08 for the September quarter, up from Rs. 1.58 previously.

Quarterly group revenue expanded 36 percent to Rs. 20.39 billion from Rs. 14.94 billion, underpinned by condominium property handovers — reflected in inventories dropping Rs. 7.69 billion since March to Rs. 35.71 billion — alongside strong automobile sales and steady civil engineering execution.

Cost of sales rose at a slower 27 percent to Rs. 14.34 billion, lifting gross profit by 64 percent to Rs. 6.05 billion and expanding gross margins to 29.7 percent from 24.7 percent.

Other income jumped 144 percent to Rs. 259.9 million, while administrative expenses rose 75 percent to Rs. 1.14 billion, leaving operating profit up 64 percent at Rs. 5.16 billion.

However, finance costs more than doubled, rising 107 percent to Rs. 1.18 billion on elevated group borrowings of Rs. 43.74 billion, partly offset by finance income climbing 302 percent to Rs. 42.2 million.

Share of results from equity-accounted investees rose 122 percent to Rs. 26.7 million, pushing pre-tax profit up 56 percent to Rs. 4.05 billion.

Income tax swung to a net reversal of Rs. 186.6 million from an expense of Rs. 804.1 million, boosted by deferred tax assets on unrelieved losses from a 100 percent enhanced capital allowance claimed by 60 percent-owned radiopharmaceutical subsidiary Access Medical Tracers (Private) Limited.

Total period profit rose 136 percent to Rs. 4.24 billion, with non-controlling interest declining 24 percent to Rs. 164.9 million following last year’s buyout of minority shareholders in Harbour Village (Private) Limited.

No separate exchange gain or loss was itemized in quarterly earnings, though foreign currency translation via associates recorded a Rs. 17.4 million loss in other comprehensive income, alongside USD 16.6 million in corporate guarantees.

Notes also flagged an expected Rs. 1.45 billion recovery from the terminated South Asia Commercial and Logistics Hub project, a Rs. 225 million post-quarter legal settlement already provided for, and a Supreme Court appeal over a 2011/12 PAYE tax ruling.

Group assets stood at Rs. 132.4 billion as of September 30, with net asset value per share at Rs. 46.70, as the Employees’ Provident Fund raised its stake to 5.69 percent.

Access Engineering shares closed at 80.00 rupees at the end of September and are currently trading around 85.80 rupees. (Colombo/Nov13/2026)

Continue Reading

Sri Lanka private sector says timely implementation of Budget 2027 key

ECONOMYNEXT – Private sector body, The Ceylon Chamber of Commerce, said it was encouraged by the broad direction of Budget 2027, noting that it reinforces Sri Lanka’s commitment to economic transformation while maintaining policy continuity, macroeconomic stability, and fiscal discipline.

“This continuity is particularly important as the country seeks to transition from economic stabilisation to a more durable, investment-led growth trajectory.”

The chamber also noted several areas where the Budget could have placed greater emphasis to strengthen the country’s growth prospects.

“In particular, there is a need for a stronger focus on attracting Foreign Direct Investment (FDI), accelerating factor market reforms, particularly in land and labour, and fast-tracking public procurement reforms to improve the efficiency and speed of project implementation.

“More targeted and actionable proposals could have been introduced to unlock the potential of sectors with significant growth opportunities, including tourism, agriculture, IT/BPO and logistics.”

The chamber said the budget contains positive measures aimed at enhancing competitiveness, and external sector resilience, while presenting opportunities for focus on sectors that can accelerate growth.

“A number of the key structural reforms identified in last year’s Budget have been carried forward and strengthened, providing greater certainty and predictability to businesses and investors.

“These include the continued implementation of the Trade National Single Window (TNSW), the phased removal of para-tariffs, the rollout of the Digital ID framework, efforts to expand market access through new Free Trade Agreements (FTAs), the strengthening of one-stop-shop investment facilitation mechanisms, progress on Customs reforms, the expansion of Bandaranaike International Airport (BIA), enhanced financing support for SMEs, and reforms relating to the management of State-Owned Enterprises.”

The CCC said that more than 20 proposals submitted by it have been reflected in Budget 2027.

These include measures to strengthen investor facilitation through the establishment of a professionally managed investment promotion agency; continued efforts to improve trade facilitation and export competitiveness; the Government’s consideration of a successor programme with the International Monetary Fund (IMF); accelerated progress on key legislative reforms; the expansion of digital government services; and the promotion of cashless payments and broader digital adoption. The Budget has also captured several priorities relating to energy security, including the accelerated deployment of Battery Energy Storage Systems (BESS) and investments in fuel storage infrastructure, initiatives to optimize underutilized agricultural land, measures to support the expansion of the digital economy and the IT/BPO sector, and tax reforms to support exporters, including the acceptance of newly VAT-registered exporters as eligible exporters.

“The inclusion of these priorities reflects the value of sustained public-private dialogue and demonstrates increasing alignment between national policy objectives and the needs of a competitive, export-oriented economy.

“The priority now must be effective and timely implementation to translate policy commitments into investment, competitiveness, exports and sustainable growth.” (Colombo/Nov13/2026)

Continue Reading

Sri Lanka stocks trend lower day after budget reading

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trending lower on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.66 percent.

The ASPI was down 146.78 points at 22,011, while the more liquid S&P SL20 was down 0.94 percent, or 59.99 points, at 6,306.

Positive contributors to the ASPI were Access Engineering (up 1.30 percent at 85.80 rupees), LAUGFS Gas (up 3.31 percent at 49.90 rupees), Ceylon Tobacco Company (up 1.13 percent at 1,830 rupees), Ceylon Cold Stores (up 0.80 percent at 126 rupees), and Namunukula Plantations (up 1.79 percent at 68.10 rupees).

LOLC Holdings (down 1.03 percent at 409.75 rupees), Hatton National Bank (down 0.61 percent at 409 rupees), Sunshine Holdings (down 3.81 percent at 30.30 rupees), and Sampath Bank (down 1.91 percent at 154 rupees) were top negative contributors.

Market turnover was 1.55 billion rupees. Capital goods led turnover with 459.57 million rupees. (Colombo/Nov13/2026)

Continue Reading