Business
How the University of Peradeniya has weathered the politico-economic storms of the decades
Extracts from the speech delivered by one of Sri Lanka’s most eminent historians, Emeritus Professor W.I. Siriweera, on being conferred the Degree of the Doctor of Letters by the University of Peradeniya at its convocation of August 22nd, 2024.
Peradeniya University began in 1952 when sections of the old University College in Colombo including the Faculties of Law, Arts, Oriental Studies, Agriculture and Veterinary Science were shifted there with around 1200 students. They were accommodated in five Halls of Residence: Jayatilake, Arunachalam, Marrs, James Peiris and Hilda Obeysekara. Halls of Residence have proliferated subsequently and according to the UGC statistics the internal student population at Peradeniya in 2022 was 15108. Student profile has also changed substantially. The sex ratio of the Arts Faculty in 1960 was 56.5 per cent males and 43.5 per cent females. This has changed over the years and in 2008/2009 the approximate percentage of females has increased to 79 per cent and by 2022 to 81 per cent. The percentage of girls in Agriculture, Dental Sciences, Veterinary Science and Allied Health Sciences is also relatively high.
In student politics, the traditional left was powerfully represented in the campus until late 1960’s. The Fourth International Trotskyites dominated the scene while there were quite a few Moscow wing or Peking wing communists. They agitated against and highlighted global events. For example, in June 1960, the untimely demise of the African leader Patrice Lumumba was sufficient reason for the anti-imperialist, anti bourgeois, socialist to the core intellectuals in training, to march to Kandy in a massive procession to let the people of Kandy know of the great injustices perpetrated by the imperialists on the people of Africa.
It was a long procession carrying placards and banners with strong anti-imperialist slogans. We were crying out slogans asking the Imperialists to go home. But we did not know who these Imperialists were or where they were. Those who did not know the slogans cried out whatever that came to their mind: even the titles of popular Indian films at the time.
By 1968/69 all other Marxist or leftist groups were overtaken by the Janatha Vimukthi Peramuna and also later by its offshoot: the Peratugami Samajavadi Pakshaya. These two groups have dominated student politics up to now. Unlike the earlier left-wing politicians, they have focused attention on local problems within a Marxist framework. Agitations against student suppression, against limited financial allocations, against efforts to privatize education have been their main concerns.
Food culture in Halls of Residence has also changed considerably since the beginning of the university. Professor Halpe, one of the first undergraduates has stated that “life was luxurious”. According to him food served in the Halls of Residence was better than home cooked ones.
Campus meals in 1950’s and 1960’s were of a high standard. For breakfast, toast and eggs or boiled chick peas were served. Those who did not like eggs, got a sizeable chunk of Kraft cheddar cheese. For lunch, rice and curry with beef or fish with several vegetables were served. Dinner was varied with fish or beef alternated with western food like vegetable soup, beef steaks with mashed potatoes and bread. Dessert followed both lunch and dinner.
However, as everything else, food situation too has gradually deteriorated over the years. By early 1970’s serving meals at the dining tables was discontinued and students had to queue up with their meal tickets to be served at the food counters. Even this practice was stopped in the early eighties and since then undergraduates, academic staff living in Halls of Residence and sub-wardens purchase meals from canteens or prepare their meals in rooms.
Drama activities were at their best in mid nineteen fifties and early nineteen sixties. Professor E.F.C. Ludowyk had played a key role in this development. He had persuaded the university authorities to hire Jubal, an East European, on contract basis to promote Western drama. About the same period, professor Sarathchandra was instrumental in establishing the Open Air Theatre with the surrounding terraces.
His dramas such as Maname and Sinhabahu mesmerized the crowds in that balmy atmosphere. In the case of reviving Tamil folk theatrical traditions, professor Vidyanandan played a key role.
After mid nineteen sixties, Golden era of Peradeniya university came to an end. Cultural as well as academic activities declined. But the university has been resilient in trying circumstances and has faced up to challenges and realities of the time. Amidst changes, the university has survived with some of its spirit intact.
It is up to the academic staff, students and administrators to retain its spirit irrespective of the vicissitudes of the campus environment and campus life.
Business
Sri Lanka sets bold target to slash cash use, seeks unified Fintech regulator
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 ✍️
Business
Kukus Group plans 18 outlets across three distinct Sri Lankan hospitality concepts
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 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
Business
Fcode Labs marks seven years with awards night
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.
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