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Workshop on Procurement Planning by Open University’s Faculty of Management Studies

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Prof. Nalin Abeysekara
Dean Faculty of Management Studies

R.H. Asari Tharuka Perera
Programme Coordinator
M.Sc. in Public Procurement and Supply Chain Management

The Open University of Sri Lanka (OUSL) is a pioneering national university in Sri Lanka designed to provide education through open and distance learning methods. The Faculty of Management Studies of the Open University Sri Lanka has over 40 years of experience in offering a variety of programs including master’s programs, degree programs, certificate courses, diplomas and postgraduate degree programs.

Recently, it launched a new postgraduate degree program, MSc in Public Procurement and Supply Chain Management. This program is for individuals seeking a postgraduate qualification in public procurement and supply chain management. A distinctive feature of this program is its status as the first postgraduate qualification offered in public procurement in Sri Lanka.

Beyond its typical academic role, this program contributes to creating a platform for discussing the importance of public procurement and supply chain management in both the public and private sectors in Sri Lanka. Efficient and transparent public procurement is crucial for the effective functioning of governments. It ensures that public funds are used responsibly, promotes fair competition among suppliers, and contributes to economic development. The unique selling proposition (USP) of this program is the combination of public procurement and supply chain management with practical discussions with industry experts.

More importantly in Sri Lanka at the moment there is a debate within society on public procurement aligned with, corruption, lack of competition, and complex regulations. In the context of public procurement, ensuring good governance is crucial to prevent corruption, promote fairness, and achieve value for money. Implementing transparent and accountable procurement practices contributes to overall good governance within a country or organization.

All stakeholders in the country must address these challenges to ensure the effectiveness of public procurement processes. To address this problem the Faculty of Management Studies plans to organize a series of workshops with procurement specialists in Sri Lanka. The first workshop was conducted with industry experts, professionals, and academics in procurement and supply chain under the theme of ‘Procurement Planning’ was held on January 25, 2024, at the Water’s Edge Battaramulla. The learning partners for the MSc in Public Procurement and Supply Chain Management also actively participated in the event.

Mrs. P. Sujeewani Muthunayaka, Assistant General Manager (Procurement Planning and Monitoring) at the National Water Supply and Drainage Board, was invited as the chief guest for this event. During her speech, she discussed the simplification of procurement and supply chain processes, sharing her valuable experiences with the audience. She explained the procurement planning process of the Water Board and emphasized the importance of research and development, as well as effective collaboration between local and foreign contractors for the success of projects.

Mrs. Muthunayaka brought numerous examples to the table while illustrating the role of technology in the simplification process of procurement planning. Significantly, she shared the success story of the NRW (Non-Revenue Water) project, highlighting the reduction of unauthorized water connections and administrative losses. Furthermore, she elaborated on the adaptation of E-procurement and the simplification of the procurement planning process at the National Water Supply and Drainage Board in Sri Lanka.

During this event, OUSL, positioning itself as a responsible academic institution committed to societal improvement, proudly announced the initiation of the Procurement and Supply Chain Consultative Committee. This marks a crucial step in fostering collaboration between academia and industry to shape the future of learning partnerships and make a meaningful impact on the industry landscape.

Professor Nalin Abeysekera, Dean of the Faculty of Management at OUSL, declared that Mr. Ivan Tissera, a member of the National Procurement Commission, and Mr. I.G. Perera, a Supply Chain and Lean Management Specialist, would serve as co-chairs of The Procurement and Supply Chain Consultative Committee.

The “Procurement Planning” discussion forum was conducted with the participation of specialist panel members: Mr. Christy Perera, Advisor for National and International Procurement; Mr. Emmanuel Susitha, General Manager of Support Services at Star Garments Group; and Mr. Sameera Landekumbura, Senior Manager of Procurement at Siam City Cement Lanka Ltd. The forum was moderated by Mr. I.G. Perera, a Supply Chain and Lean Management Specialist.

In the discussion forum, participants primarily engaged in discussing timely topics related to procurement planning. The panel discussion provided insightful ideas into the procurement planning processes across various business activities. They emphasized the significance of market research in the procurement planning process and delved into the risks associated with the process, along with strategies for risk mitigation.

The conversation then shifted to current issues in the apparel industry, exploring procurement and supply chain strategies to address the challenges faced. Additionally, the panel paid particular attention to a crucial topic E-Procurement and highlighted the need for Sri Lanka to transition towards e-procurement in the future. The discussion forum subsequently focused on the sustainability of procurement planning. This discourse was enriched with expert insights, shedding light on how Sri Lanka, as a country, can develop a robust procurement system for good governance.

Furthermore, Dr. S. Sridharan, the Deputy Director General of Health Services Planning at the Ministry of Health, shared valuable practical experience in public procurement and planning. His insights not only clarified the complexities of the field but also provided a unique healthcare-oriented perspective. The exchange of ideas during the session undoubtedly broadened the audience’s knowledge, fostering a more comprehensive appreciation for effective procurement strategies in the public sector.

The workshop was honored by the presence of distinguished guests with the blessings of senior Professor P.M.C Thilakarathne, Vice Chancellor of The Open University of Sri Lanka., Professor Nalin Abeysekara, the Dean of the Faculty of Management Studies and Dr. S. Sapukotanage, Head of the Department of Marketing Management. More importantly, the entire M.Sc. program in Public Procurement and Supply Chain Management is conducted by specialists in procurement and supply chain management with international experience.



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Embedding human rights, equity and integrity into business leadership

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Rathika de Silva, Executive Director

At its 2026 Social Sustainability Programme Kick-Off, the UN Global Compact Network Sri Lanka convened business leaders to advance the translation of global ambition into practical corporate action on inclusion, integrity and human rights.

On 24 February 2026, the UN Global Compact Network Sri Lanka (Network Sri Lanka) convened business leaders at Barefoot Garden Café for its 2026 Social Sustainability Programme Kick-Off, delivered in collaboration with Good Life X.

The gathering did more than introduce a calendar of events. It positioned Sri Lanka’s corporate community within the broader direction of the UN Global Compact’s 2026–2030 global strategy — a strategy anchored in three imperatives: equipping companies to act, catalyzing collective action, and advancing the business case for responsible leadership.

At its core, the 2026 Social Sustainability agenda is designed to move companies from commitment to capability.

Within the Diversity & Inclusion Working Group, this means building practical pathways toward equal pay for equal work and strengthening male allyship as a governance issue rather than a cultural afterthought. It means examining sexual and reproductive health, disability inclusion, and mental health not as employee benefits, but as structural determinants of productivity and retention. It means sharpening strategic communications so inclusion is embedded in brand integrity. It also means applying science-based behavioural change approaches to shift organizational culture in measurable ways.

Across the Business & Human Rights Working Group, equipping companies takes the form of deepened engagement on decent work and living wage implementation, strengthening human rights due diligence processes, and addressing emerging risk areas such as AI and digital rights. It extends to reinforcing business integrity and anti-corruption frameworks, understanding the social dimensions of a just transition, and recognizing the link between child rights, nutrition, and workforce productivity.

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Union Bank to raise LKR 3 Bn via Basel III Compliant Debenture Issue

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Shanka Abeywardene

Union Bank of Colombo PLC announced its proposed Debenture Issue 2026, a strategic move aimed at raising up to LKR 3 billion. This issue is designed to bolster the Bank’s Tier II capital base and provide a robust financial foundation for its upcoming growth initiatives.

The offering consists of Basel III compliant, listed, rated, unsecured, subordinated, redeemable high-yield debentures with Non-Viability Conversion. The instrument has been assigned a rating of BB (lka) by Fitch Ratings (Lanka) Ltd, reflecting the bank’s creditworthiness and the structured nature of the subordinated debt.

Investors can choose from three distinct interest structures starting from a high-yield 13% fixed rate per annum (Type A). This option is paid annually, while Type B offers a 12.5% fixed rate paid semi-annually (12.89% AER). For those seeking market-linked returns, Type C provides a floating rate of the 182-days Treasury Bill rate plus a 400-basis point margin, also paid semi-annually.

The debentures are priced at LKR 100 per unit with a 5-year tenure (2026–2031). The initial issue size is set at 20,000,000 debentures with an option to raise 10,000,000 at the discretion of the Bank and is scheduled to open on 10 March 2026.

Shanka Abeywardene, Chief Financial Officer of Union Bank stated “This debenture issue marks a significant step in the Bank’s journey towards enhanced financial stability. By strengthening its capital adequacy, Union Bank is well-positioned to navigate evolving market conditions while fuelling its long-term strategic objectives for sustainable growth”

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Sanjay Kulatunga appointed to WindForce Board

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Sanjay Kulatunga

WindForce PLC announced the appointment of  Sanjay Kulatunga as an Independent, Non-Executive Director to its Board with effect from 03rd March 2026, following the resignation of Dilshan Hettiaratchi. The appointment further strengthens the Company’s governance framework, strategic oversight, and long-term decision-making capabilities.

Kulatunga brings an established track record as a founder, entrepreneur, and senior executive across financial services and export-oriented industries. He is the Chief Executive Officer and Co-Founder of LYNEAR Wealth Management, a boutique investment firm established in 2013, which has since grown to become one of Sri Lanka’s largest private wealth management institutions, serving high-net-worth individuals as well as local and international institutional clients.

Prior to founding LYNEAR, Kulatunga played a pivotal role in the establishment of Amba Research, an investment research offshoring firm rooted in Sri Lanka and now operating as part of Acuity Analytics.

Over the years, he has contributed extensively to several key national institutions. His previous appointments include serving on the Financial Sector Stability Consultative Committee of the Central Bank of Sri Lanka, as well as the Board of Investment of Sri Lanka and the Securities and Exchange Commission of Sri Lanka.

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