Business
‘There is a business case for employer- supported childcare’
Across the globe, there has been a renewed commitment to expand early years’ services for children under five years of age. Early Childhood Care and Education (ECCE) includes both education and childcare, and while they have traditionally occupied distinctly different spheres, there has been a growing trend to integrate the two to provide more efficient and effective ECCE services for families.
In Sri Lanka, the government provides free access to compulsory primary and secondary education, but not to preschool education which is not mandatory. 70.8 percent of preschools and 78 percent of day care centers are privately operated and entail levy fees, thus reducing access and affordability for a sizeable segment of the population. Enrolment rates in primary and secondary education are high at 99 percent and 84 percent respectively. These rates were 56.6 percent in 2016 for preschool children between 3-5 years of age.
Access to affordable childcare directly affects the country’s labor force. It is worth noting that despite the high educational attainment of Sri Lanka’s women, the country’s female labor force participation rate was just 34.5 percent in 2019. A 2018 study by the International Finance Corporation (IFC) found that having a child under five years of age reduced a Sri Lankan woman’s participation in the labor force by 7.4 percent as compared with a woman who did not have young children.
What’s more, as Sri Lanka’s population ages—it has the most rapidly aging population in South Asia—family structures and gender roles change. Reduced support from the extended family is likely to leave families less able to care for young children at home, increasing their demand for childcare.
The good news is that employer support for childcare is growing. However, it does not reach parents who work in the informal sector, which in 2019 accounted for 57.4 percent of all workers.
Since 2000, successive governments have recognized the need to invest in early years services. The country has traditionally delivered these services through a multisectoral approach, with the involvement of several key ministries led, until August 2020, by the Ministry of Women and Child Affairs and Social Services (MWCASS). In addition, provincial authorities also have the power to pass legislation for the management and supervision of preschools in their provinces.
The involvement of multiple stakeholders and the lack of clarity in administrative structures has posed a major challenge for the ECCE sector. It has led to inadequate policy coherence, impacted resource allocation, and resulted in a duplication of functions. This has made it difficult to enforce uniform standards and regulations, particularly concerning the regulation of and coordination with the private sector.
In January 2020, the Sri Lankan cabinet approved a national Policy on Preschool Education tabled by the Ministry of Education (MoE). Following the parliamentary elections in August 2020 and the reorganization of ministerial mandates, ECCE was brought under the purview of the MoE, and the MWCASS was named as the State Ministry of Women and Child Development, Preschool and Primary Education, School Infrastructure and Education Services (SMWCDPPESIES). Discussions surrounding the details of this reorganization are currently underway.
The inaugural Sri Lanka Fintech Summit 2025 concluded with industry leaders and regulators establishing two critical national priorities: a bold target to reduce physical cash usage and a push for consolidated regulatory oversight.
In a key decision, participants set a clear three-year goal to lower the ratio of cash in circulation to GDP from 4.5% to 3.5%. The strategy will focus on digitizing high-cash sectors like transport, utilities, and SME payments, while expanding digital access through post offices and cooperatives.
For the long-term health of the ecosystem, stakeholders agreed to lobby for the creation of a single, unified regulatory authority dedicated to fintech oversight. This aims to streamline approvals and provide clearer guidance for innovators.
“Our members needed to leave with concrete action points,” said Channa de Silva, Chairman of the Fintech Forum, Sri Lanka. The summit, designed as a series of closed-door roundtables with regulators including the Central Bank, produced actionable frameworks. “It was about defining KPIs, setting targets, and giving the industry a shared direction,” de Silva explained.
The outcomes signal a concerted shift from discussion to execution, aiming to build a more inclusive, efficient, and secure digital financial economy for Sri Lanka.
By Sanath Nanayakkare ✍️
A new force in Sri Lanka’s food industry, Kukus Group, is gaining momentum with a clear vision to deliver authentic cuisine, high hygiene standards, and affordability. Founded by young entrepreneurs Nadeera Senanayaka, Lakmini Gurusinghe, and Randila Gunasinghe, the group has successfully launched its pilot outlet and is now preparing for a significant nationwide expansion.
The inaugural in Kotte has served as a successful proof of concept. Operating for five months, this modern street-food outlet has garnered a strong customer response, confirming market demand and providing the confidence to fund the group’s ambitious growth strategy.
The inaugural in Kotte
“The positive reception has been overwhelming and has solidified our plans,” said Lakmini Gurusinghe and Randila Gunasinghe. “Our Kotte outlet is the operational model we will replicate – ensuring consistent quality, disciplined operations, and excellent service across all future locations.”
The group’s expansion strategy is built on three distinct thematic brands:
Kukus Street: Targeting young urban customers, these outlets offer a vibrant, casual dining experience with a menu of Sri Lankan rice and curry, kottu, snacks, and BBQ, with most meals priced under Rs. 1,500. Services include dine-in, takeaway, and delivery.
Kukus Beach: Planned for coastal areas, beginning in the South, this concept will feature an urban-style beach restaurant and pub designed for relaxed social dining.
Kukus Bioscope: Celebrating Sri Lanka’s cinematic heritage, this dedicated restaurant concept will create a nostalgic cultural space inspired by the golden eras of Sinhala cinema, with the first outlet slated for Colombo.
The immediate plan includes transforming the flagship Kotte location into Kukus Pub & Bar, pending regulatory approvals. The long-term vision is to develop 18 outlets nationwide: 10 Kukus Street locations, 5 Kukus Beach venues, and 3 Kukus Bioscope establishments.
“Kukus Group is more than a hospitality brand; it’s a celebration of Sri Lankan flavors and culture,” the founders concluded. “Our mission is to build trusted, recognizable brands that connect deeply with communities and offer lasting cultural value alongside authentic cuisine. We are dynamic and excited to proceed with this strategic expansion,” they said.
By Sanath Nanayakkare
Fcode Labs marked its seventh anniversary by hosting its annual Awards Night 2025 at Waters Edge, celebrating team achievements and reinforcing its organizational values.
The event featured keynote addresses from Co-Founders & CEOs Buddhishan Manamperi and Tharindu Malawaraarachchi, who reflected on the company’s annual progress and future strategy. Chief Operating Officer Pamaljith Harshapriya outlined operational priorities for the next phase of growth.
Awards were presented across three key categories. Prabhanu Gunaweera and Dushan Pramod received Customer Excellence awards for partner collaboration. Performance Excellence awards were granted to Munsira Mansoor, Thusara Wanigathunga, Thushan De Silva, Adithya Narasinghe, Avantha Dissanayake, Amanda Janmaweera, Sithika Guruge, and Sandali Gunawardena. The Value-Based Behaviour awards were given to Thilina Hewagama, Udara Sembukuttiarachchi, and Kavindu Dhananjaya for exemplifying company values.
Australia great Alyssa Healy to retire from cricket
Meta blocks 550,000 accounts under Australia’s social media ban
Grace Harris’ day out helps RCB thump Warriorz
AFCON 2025 organisers investigate clashes at Nigeria, Morocco games
BCB’s integrity unit finds ‘credible suspicion’ during BPL
Devine’s 95 trumps Lee, Wolvaardt fifties in see-saw thriller
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News2 days agoSajith: Ashoka Chakra replaces Dharmachakra in Buddhism textbook
-
Business2 days agoDialog and UnionPay International Join Forces to Elevate Sri Lanka’s Digital Payment Landscape
-
Features2 days agoThe Paradox of Trump Power: Contested Authoritarian at Home, Uncontested Bully Abroad
-
News7 days agoInterception of SL fishing craft by Seychelles: Trawler owners demand international investigation
-
Features2 days agoSubject:Whatever happened to (my) three million dollars?
-
News2 days agoLevel I landslide early warnings issued to the Districts of Badulla, Kandy, Matale and Nuwara-Eliya extended
-
News7 days agoBroad support emerges for Faiszer’s sweeping proposals on long- delayed divorce and personal law reforms
-
News2 days agoNational Communication Programme for Child Health Promotion (SBCC) has been launched. – PM