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Friday September 11th, 2026

Gen Z knows AI better than other generations, and treats it as a friend: Kaspersky

ECONOMYNEXT – According to Kaspersky’s latest research, Gen Z is the most active generation of AI users in Asia Pacific (APAC). Half use AI every day or almost every day, while one in three already interact with it as they would with a friend.

For many Zoomers, AI has already become part of their daily routine. Half of Gen Z respondents (50%) in APAC use AI every day or almost every day – the highest share across all the demographic groups. Among them, 57% use it for searching for information, 54% for studying, and 50% for generating ideas.

However, Gen Z is not only using AI as a practical tool. Nearly a third of APAC Gen Z respondents (32%) say they use AI as a friend – a higher proportion than among other generations. This behaviour is consistent across countries such as Indonesia (39%), Vietnam (35%), Thailand (34%), Malaysia (33%) and India (32%).

This points to an emerging shift in the role of artificial intelligence, from a technology consulted for specific tasks to one that some users may also turn to for conversation, emotional support or companionship.

The use of AI for personal matters reflects how naturally conversational systems fit into Gen Z’s digital habits.

According to the survey, 34% of Gen Z respondents in the region use AI to discuss personal issues they would rather not share with other people. Vietnam recorded the highest percentage at 42%, followed by India (37%) and Indonesia (36%).

This may make AI feel private and emotionally supportive, but it is not a human friend: its responses can be inaccurate or inappropriate, and users may disclose sensitive information more freely than they would on an ordinary online service.

High reliance does not always mean safe AI use

Despite Gen Z’s high level of online activity and confidence, many respondents underestimate the risks associated with artificial intelligence.

While 45% of Gen Z respondents in APAC say they consistently take protective measures when interacting with AI services, more than half (51%) only apply precautions occasionally.

This inconsistency is particularly evident in Malaysia, where 54% of respondents say they take precautions only occasionally, the second-highest proportion among the APAC markets surveyed after China (60%), while Indonesia recorded the lowest proportion at 43%.

These protective measures can be as simple as checking information against other reliable sources and avoiding the disclosure of confidential or sensitive data.

This is particularly important as AI becomes involved in education, communication and personal decision-making.

Incorrect information generated by an AI system may affect academic work or everyday choices, while information shared in a conversation may include personal documents, passwords, financial details, health-related information or private messages.

The more personal the interaction becomes, the more important it is for users to remember that information entered into an AI service should automatically be treated as non-confidential.

Safe AI habits should develop alongside AI skills

To use AI more safely, people should verify important information rather than rely on a single generated response.

This is especially important for educational, financial, legal, medical or other sensitive topics where an inaccurate answer may have serious consequences.

Users should also avoid sharing passwords, payment details, identity documents, private correspondence and other confidential information with AI services. Before using a new platform, it is important to understand what data it collects and how that information may be processed or stored.

A comprehensive security solution such as Kaspersky Premium can help protect devices against phishing, malware and fraudulent websites that may imitate legitimate AI platforms or promote fake AI tools.

It can also provide an additional layer of protection as users explore new digital services.

Developing broader cybersecurity skills is equally important. Kaspersky Academy’s “Cyberhygiene” course helps users understand common digital risks and build practical habits for protecting accounts, devices and personal information.

These skills are becoming increasingly relevant as AI tools are integrated into studying, work and everyday communication.

Specifically for Gen Z, Kaspersky has launched an interactive online game, “Case 404”.

In this cyber-detective adventure, players dive into fictional cases inspired by real digital threats, learning how to spot scams, phishing attempts and sophisticated fraud attempts.

With “Case 404”, Kaspersky isn’t just raising awareness — it’s equipping players with the mindset and skills to stay secure while doing what they love.

“Gen Z understands emerging AI trends better than other generations and is already finding new ways to integrate the technology into studying, communication and everyday life. The fact that some young people now use AI as a friend shows how quickly the relationship between users and technology is changing,” said Vladislav Tushkanov, Group Manager at Kaspersky AI Technology Research Centre.

“However, an interaction that feels personal should not be mistaken for a private or fully reliable conversation. Young users need to combine their confidence and curiosity with habits such as checking information, protecting personal data and thinking critically about the responses they receive.”

“What stands out about the survey is how naturally AI has become part of the younger generation’s everyday lives. When one in three Gen Z users in APAC already sees AI as a friend, it is clearly becoming more than just a tool. As that relationship becomes more personal, knowing what to trust, what to share and where to draw the line will be key to using AI safely and responsibly,” said Adrian Hia, Managing Director for Asia Pacific at Kaspersky.

*The study was conducted by Kaspersky’s market research centre in March 2026. 7,200 respondents from 18 countries (Brazil, China, Colombia, Egypt, France, Germany, India, Indonesia, Italy, Malaysia, Mexico, Russia, Saudi Arabia, Spain, South Africa, Thailand, Turkey, Vietnam) took part in the survey.

Sri Lanka rupee closes at 328.45/60 to US dollar spot, bond yields higher

ECONOMYNEXT – Sri Lanka’s rupee closed at 328.45/60 to the US dollar in the spot market on Thursday, from 328.60/80 the previous day, while bond yields closed higher on select tenors, dealers said.

A bond maturing on 15.09.2027 closed at 9.75/95 percent, up from 9.60/90 percent.

A bond maturing on 01.07.2028 closed flat at 10.10/20 percent.

A bond maturing on 15.12.2029 closed at 10.50/60 percent, up from 10.45/55 percent.

A bond maturing on 01.08.2030 closed at 10.70/75 percent, up from 10.65/75 percent.

A bond maturing on 01.02.2031 closed at 10.80/85 percent, up from 10.75/85 percent.

A bond maturing on 15.12.2032 closed flat at 11.20/35 percent.

A bond maturing on 01.11.2033 closed at 11.65/75 percent, up from 11.70/75 percent.

A bond maturing on 15.10.2034 closed at 11.83/90 percent, up from 11.80/87 percent. (Colombo/Sep10/2026)

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Sri Lanka’s Aitken Spence Hotel Holdings to raise Rs5bn in debenture sale

ECONOMYNEXT — Sri Lanka’s Aitken Spence Hotel Holdings plans to raise up to 5 billion rupees through a debenture issue, the company said in a market filing.

The hospitality firm will make an initial issue of 30 million listed, rated, unsecured, senior, redeemable debentures at 100 rupees each, to raise 3 billion rupees.

A further 20 million debentures will be issued in the event of an oversubscription.

The subscription list for the issuance will open on September 15.

The issue offers four types of fixed-rate options across 5-year (2026/2031) and 7-year (2026/2033) tenors.

Type A (5-Year) at a fixed interest rate of 13.00 percent p.a., paid annually (13.00 percent AER), Type B (5-Year) at a fixed interest rate of 12.60 percent p.a., paid semi-annually (13.00 percent AER), Type C (7-Year) at a fixed interest rate of 13.15 percent p.a., paid annually (13.15 percent AER) and Type D (7-Year) at a fixed interest rate of 12.74 percent p.a., paid semi-annually (13.15 percent AER).

The company has received in-principle approval from the Colombo Stock Exchange (CSE) to list the debt instrument.

Shares closed at 85.80 rupees, down 1.38 percent. (Colombo/September10/2026)

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Sri Lanka’s Senthilverl Holdings tops 10-pct stake in Sarvodaya Finance

ECONOMYNEXT — Sri Lanka’s Senthilverl Holdings has increased its stake in Sarvodaya Development Finance beyond the 10 percent following a market transaction, a market filing showed.

The transaction on September 9, through broker Almas Equities, involved the purchase of 750,000 voting shares at prices ranging between 39.70 rupees and 41.00 rupees per share.

Prior to the trade, Senthilverl Holdings held 14,633,597 shares, representing a 9.78 percent stake in the finance company as of September 8, 2026.

Following the acquisition, the total shareholding rose to 15,383,597 shares, bringing the resulting stake to 10.28 percent of the company’s total issued share capital of 149,596,052 shares.

Sarvodaya Development Finance shares were trading at 39.60 rupees, down 3.41 percent. (Colombo/September10/2026)

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Sri Lanka telco regulator launches automated equipment clearance platform

ECONOMYNEXT — The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has launched an automated online platform to clear imported telecommunications equipment, replacing a manual process.

The new Equipment Clearance System (ECS) enables importers to secure necessary regulatory recommendations online for Sri Lanka Customs and the Controller of Imports and Exports.
The first phase of the system targets terminal equipment due to high market demand and import volumes.

The platform handles three main functions: issuing type approval certificates to verify that equipment models meet national standards, granting clearance for IMEI-enabled devices such as mobile phones and routers, and approving non-IMEI equipment including Internet of Things (IoT) hardware.

It also processes permissions for items brought into Sri Lanka on a temporary basis for re-export.

Clearances for devices using standard SIMs or eSIMs are administered under the Radio and Telecommunications Terminal Equipment Type Approval Rules 2020 gazette.

“Only equipment that strictly complies with the specifications outlined in that gazette will be processed through this system,” TRCSL official Amani Priyadarshani said.

The platform establishes login portals and sets specific annual limits across three user categories.

Under the system, private individuals can request clearance for up to five devices per year, while institutional applicants are permitted to clear up to 10 devices annually for corporate use.

Meanwhile, registered commercial vendors have a dedicated portal to apply for bulk imports for commercial sale, alongside the ability to import up to two units per model for technical evaluation and type approval.

The system is accessible at https://ecs.trc.gov.lk](https://ecs.trc.gov.lk or through the TRCSL official website under the equipment clearance section.

Licensed vendors are issued login credentials following their registration, TRCSL official Shashika Pannilage said, while individuals and institutional users can register through the site.

Applicants can track the progress of their submissions in real time, with notifications sent by SMS and registered email at key stages.

The TRCSL has set up user guides on the site and opened a technical help desk accessible by telephone at 1900 (extension 4105) or via email at ecshelpdesk@trc.gov.lk. (Colombo/Sep10/2026)

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Sri Lanka stocks close lower on Thursday, banking leads turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Thursday trading, CSE data showed, with the benchmark All Share Price Index moving down 0.44 percent.

The ASPI was down 93.55 points at 21,372.45, while the more liquid S&P SL20 was down 0.39 percent, or 23.80 points, at 6,010.07.

Positive contributors to the ASPI were Aitken Spence (up 1.61 percent at 142.00 rupees), Ceylinco Holdings (up 0.85 percent at 2,925.00 rupees), Sampath Bank (up 0.36 percent at 139.50 rupees), Richard Pieris and Company (up 1.13 percent at 26.90 rupees), and The Colombo Fort Land & Building Company (up 3.03 percent at 57.80 rupees).

Melstacorp (down 1.85 percent at 186.00 rupees), Dialog Axiata (down 1.24 percent at 47.90 rupees), Cargills (Ceylon) (down 2.00 percent at 675.00 rupees), and RIL Property (down 3.21 percent at 24.10 rupees) were top negative contributors.

Market turnover was 1.45 billion rupees. Banks led the day’s turnover with 600.63 million rupees.

Senthilverl Holdings, through Almas Equities, purchased 750,000 shares of Sarvodaya Development Finance on September 9, at prices ranging between 39.70 and LKR 41.00 per share.

The acquisition increased its total holding from 14,633,597 shares (9.78%) to 15,383,597 shares, taking its stake to 10.28% and exceeding the 10% threshold required for disclosure under Section 36 of Sri Lanka’s Take-Overs & Mergers Code.

Sarvodaya Development Finance shares were trading at 39.60 rupees, down 3.41 percent.
(Colombo/September10/2026)

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Sri Lanka cannot build reserves at any cost, must prepare for shocks: Central bank

ECONOMYNEXT — Sri Lanka cannot accumulate foreign exchange reserves through market distortions, money printing, or heavy foreign borrowing, but must build buffers before external shocks strike, Central Bank Governor Nandalal Weerasinghe said.

“For central banks, foreign reserves are far more than financial assets on a balance sheet. They are a country’s—a nation’s—first line of defense against external shocks,” Weerasinghe told a Reserve Management Conference in Colombo.

Foreign exchange reserves are a nation’s savings that provide vital time and policy space during a crisis, preventing disorderly economic corrections, Weerasinghe said.

Sri Lanka experienced this during its 2022 economic crisis when depleted buffers crippled imports, accelerated inflation, and triggered debt defaults, he said.

While external balances have improved since 2023, rebuilding reserves is not linear because sudden shocks can quickly wipe them out.

Weerasinghe warned that rebuilding buffers requires discipline and cannot happen at any cost. Excessive market interventions distort price signals, monetary financing fuels inflation, and commercial debt creates future repayment burdens.

“A sustainable reserve accumulation strategy is not merely about acquiring reserves; it is about building an economy that naturally generates and retains foreign exchange,” he said.

Weerasinghe said reserve adequacy must move beyond simple months of import cover to assess debt servicing, volatile capital flows, and climate shocks.

He cautioned that portfolio diversification must not compromise liquidity, while citing bilateral support from the Reserve Bank of India during the crisis as vital regional resilience.

Asian Infrastructure Investment Bank (AIIB) Treasurer Domenico Nardelli, who attended as the chief guest and delivered the keynote address, noted that reserve managers face sharp price swings even in safe assets like US Treasuries.

Nardelli dismissed claims of an imminent dollar collapse, noting it accounts for roughly 57 percent of allocated global reserves. While gold has hit record levels, he cautioned that it pays no yield and carries sharp price swings.

“Liquidity carries an inherent cost of carry. Rather than viewing this financing drag as lost yield, institutions must treat it as an essential insurance premium,” Nardelli said.

Citing historical merchant bank failures and the 2023 collapse of Silicon Valley Bank, Nardelli said holding ample liquid buffers buys critical time to reassure markets and manage unexpected cash outflows. (Colombo/Sep10/2026)

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