Business
‘Uber Springboard’ seen as giving local tech startups clear head start
In a move to fast-track Sri Lanka’s entrepreneurial ambitions, global tech giant Uber yesterday concluded the second stage of ‘Uber Springboard’, a pioneering initiative designed to nurture and elevate homegrown startups through mentorship, capacity building and exposure to global innovation ecosystems.
Partnering with the Ministry of Technology’s Department of Digital Economy, Uber aims to bridge the gap between promising Sri Lankan startups and the world stage. Five winning founders were selected through a competitive process and will now embark on an all-expense-paid exposure tour to Hyderabad, India’s tech powerhouse, where they will meet industry leaders, investors and incubators including T-Hub, Microsoft and Google.
“We know what it’s like to be a startup, said Sanjay Gupta, Head of Uber South Asia. “Uber began as a small idea to move people more efficiently. Fifteen years later, we’re helping others bring their big ideas to life—this time in Sri Lanka.”
Held at ITC Ratnadipa Colombo, the event drew leading voices from government, tech and the startup community for a thought-provoking panel discussion titled, “From Ideas to Impact: Driving Tech Entrepreneurship and Innovation in Sri Lanka.”
The panel featured: Eng. Eranga Weeraratne, Deputy Minister of Digital Economy,
Dr. Hans Wijesuriya, Chief Advisor on Digital Economy to the President,
Manikandan Thangarathnam, Uber Senior Director (Tech),
Chandini Udumana, Women in Tech Sri Lanka Ambassador,
Nandini Wickramasinghe, Springboard winner and founder of ‘Ceylon Speechy’,
Dr. Hans Wijesuriya emphasized the need to retain value- creation within the country.
“Our graduates are among the best globally. But we’re losing them to Singapore and Dubai because the systems here are not startup-friendly, he said. “That must change. We must build platforms that let them scale globally while staying rooted here.”
He also revealed government plans to reform venture capital regulations, foster public-private co-innovation and invest in capacity-building initiatives that specifically target first-time founders and tech-driven entrepreneurs.
‘Women in Tech’ SL’s Chandini Udumana said the biggest barriers for founders are not technology or talent—but culture and confidence.
“Our youth are still told the path to success is passing A/Ls, getting a degree and joining the public sector. But the world has changed. We must start telling stories of founders who create jobs, not just look for them.”
Uber’s Senior Director Manikandan Thangarathnam, who has over 15 tech patents and deep experience in startup ecosystems across Asia, said Sri Lanka is on the cusp of a digital leap.
“You don’t need big teams anymore. Thanks to AI and cloud, even three people can build a globally scalable product. The real fuel is mindset, not manpower.”
Among the winners was Nandini Wickramasinghe, a speech therapist who transformed a COVID-era crisis into a digital solution for children with speech disorders.
“Both my clinics had to shut during the pandemic. That’s when I realised the need for accessible digital speech therapy, she said.
Now, with users across borders and interest from insurance partners, her platform Ceylon Speechy is poised to go global.
Deputy Minister of Digital Economy Eng. Eranga Weeraratne Irungavi said Uber Springboard is the kind of initiative Sri Lanka needs to attract and retain innovation.
“We want startups to go global—but not by leaving Sri Lanka. Let them operate here, create jobs here, and bring the world to us.”
By Ifham Nizam ✍️
Business
Cyber heist at External Resources Dept: Funds diverted in email hack, CID probe underway
A suspected cyber fraud targeting Sri Lanka’s Department of External Resources has triggered a high-level investigation after hackers allegedly manipulated official email communications to divert funds to unauthorised overseas accounts, Deputy Finance Minister Dr. Anil Jayantha Fernando said.
The sophisticated breach is believed to have involved the interception and alteration of email exchanges between the Department and Export Finance Australia, raising serious concerns over vulnerabilities in the Government’s digital financial communication systems.
According to the Deputy Minister, the fraud came to light following suspicious changes detected in bank account details linked to a payment transaction involving India. This anomaly prompted officials to scrutinise prior correspondence, eventually uncovering what appears to be a coordinated cyber intrusion designed to reroute funds.
“This was not a routine technical glitch. There is clear indication of external interference where communication trails have been tampered with,” Jayantha said, noting that complaints had already been lodged with law enforcement authorities.
“Investigations are now being handled by the Criminal Investigation Department (CID), which is probing the extent of the breach, the financial losses incurred, and the possible involvement of international cybercrime networks”.
Financial analysts warn that the incident underscores growing risks faced by state institutions engaged in cross-border financing arrangements, particularly when relying heavily on unsecured or inadequately protected communication channels.
The Department of External Resources plays a pivotal role in managing Sri Lanka’s foreign-funded projects and liaising with international lenders and export credit agencies. Any compromise in its communication systems could have far-reaching implications for investor confidence and the country’s financial credibility.
Authorities are expected to review existing cybersecurity protocols across key financial institutions in the wake of the breach, with calls mounting for tighter safeguards, encrypted communications, and multi-layer verification systems for fund transfers.
Meanwhile, officials remained tight-lipped on the exact quantum of funds involved, citing the ongoing nature of the investigation. However, sources indicated that the attempted diversion was significant enough to raise alarm at the highest levels of the Finance Ministry.
The incident adds to a growing list of cyber-related financial threats confronting governments worldwide, highlighting the urgent need for robust digital governance frameworks as Sri Lanka continues to engage with international financial partners.
By Ifham Nizam
Business
Sun Siyam Pasikudah marks the New Year at the shore of Sri Lanka’s rising coast
There is something about Avurudu that naturally fills every corner of Sri Lanka with energy and connection, and this year, that spirit extended to the shores of Pasikudah. At Sun Siyam Pasikudah, part of the Prive Collection within The House of Siyam, the Sinhala and Tamil New Year was celebrated on 14 April with a vibrant, full day programme that brought together guests and team members in true festive spirit, warm, lively, and centred around shared traditions and generous feasts.
The day followed the rhythm that Sri Lankan families know well. At the auspicious hour determined by the almanac for the New Year, the hearth at The Kitchen was ceremonially lit and the milk pot set to boil, symbolising warmth, unity, and the drawing in of abundance for the year ahead. This followed another auspicious moment at noon where a Traditional Sweet Table was laid out, where kiribath, kokis, kavum, aasmi and more were on offer, prepared by the resort’s culinary team and enjoyed by guests who had gathered, some for whom this was the most natural thing in the world, and others encountering the tradition for the very first time.
From 3:00 PM onwards, the afternoon opened into games. The resort grounds hosted the full run of Avurudu classics: Kana Muttiya (Pot Breaking), Kaba Adeema (Tug of War), Banis Kama (Bun Eating Contest), Balum Pipirawima (Balloon Blowing), Kotta Pora (Pillow Fighting), the Sack Race, Spoon Race, Blindfold Yogurt Feeding, Eyeing the Elephant, and Finding the Coin on the Plate. Guests of all ages joined in, and the kind of laughter that filled the afternoon is really the only way to describe what Avurudu at its best feels like.
“Avurudu is one of those occasions where the feeling in the air does all the work. The auspicious timings, the lighting of the hearth, the sweet table, the games in the afternoon: each of these carries its own meaning, and when you observe them properly and together, the day takes on a quality that is hard to replicate at any other time of year. We wanted our guests, wherever they had travelled from, to feel genuinely part of that, not simply watching from the outside. I think the day showed that Pasikudah is a place where that kind of celebration feels entirely at home,” said Arshed Refai, General Manager, Sun Siyam Pasikudah
The celebration is also a reflection of a broader moment for this stretch of the Sri Lankan coast. Pasikudah has long been known among those who seek it out: a bay of extraordinary calm and clarity, unhurried in a way that the island’s busier coastal destinations rarely are. What has shifted in recent years is that more people are finding it. Sri Lanka welcomed over 600,000 international visitors in the first quarter of 2025, generating tourism revenue of USD 1.025 billion, and the East Coast is increasingly part of that conversation. Sun Siyam Pasikudah has been central to placing Pasikudah on that map.
The resort’s 34 pavilions, offered in one and two bedroom configurations across garden and beach settings, are styled in a way that is quietly striking: monochrome interiors with warm golden accents, spacious and well-considered, always with the ocean close by. Dining is spread across The Kitchen, The Cellar, The Slice and Grill, The Tea House, and The Bar, with destination dinners available for guests who want a private evening under the stars. Sailing excursions along the coastline, spa and wellness, and encounters with local arts and crafts complete what Sun Siyam Pasikudah offers throughout the year.

Business
Allianz Avurudu Negam returns, easing the journey home
During the Sinhala and Tamil New Year, a time defined by togetherness, tradition and returning home, Allianz Insurance Lanka Limited once again stood alongside Sri Lankan communities by continuing its Avurudu Negam initiative for the second consecutive year, expanding its reach to support families during the festive travel period.
Building on the positive response to last year’s programme, Allianz Avurudu Negam 2026 was shaped to make the journey home special and loved during Avurudu. In response, Allianz offered ticket refunds to eligible passengers travelling on the Galu Kumari service from Maradana, supporting passengers journeying home to celebrate the New Year with loved ones.
Passengers boarding from Maradana and Fort and travelling beyond Galle up to Belliatta were eligible for the refund, helping make the journey home more affordable at a meaningful time of year. Acknowledging that financial strain frequently continues even after the celebrations conclude, Allianz extended the refund window until 30th April, easing the cost of returning to Colombo after Avurudu.
To complement this support, Allianz added a heartfelt touch rooted in New Year tradition. Traditional oil cakes were distributed to passengers boarding from Maradana, allowing families to take a familiar symbol of Avurudu back home and share it around their festive tables.
Allianz also prioritised protection during this period. Passengers eligible for the refund were given the option to obtain free Allianz Personal Accident Insurance, reflecting the belief that protection does not end with a journey, but continues wherever people go. In addition, these passengers were included in an LKR 1 million raffle draw, as an extension of the existing campaign, offering one winner shopping vouchers redeemable at outlets of their choice and support that extends beyond the New Year season.
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