Business
Academic says there’s a ‘silver lining’ in brain drain
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SL diaspora is privy to most updated technologies in advanced economies
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Govt can take a cue from India and introduce a special visa category for them
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Diaspora entrepreneurs’ linkage with global networks should be harnessed
by Sanath Nanayakkare
Policymakers can encourage the Sri Lankan talent pool which is spread across the developed countries to shift their base back home if they pull the right policy levers, said the head of department of a leading university in Sri Lanka.
Dr. Janaka Fernando, Head of Department of Business Economics, Faculty of Management Studies and Commerce at the University of Sri Jayewardenepura said so in the backdrop of widely spreading fear that skilled migration will have overwhelmingly negative effects on Sri Lanka.
Exclusively speaking to The Island, he said,” The Sri Lankan talent pool which has found stable doing business and improved living conditions in developed countries can be lured to shift or relocate their operations in Sri Lanka if the policymakers correctly identify their capacities, interests and their patriotism.”
“A fair share of this Sri Lankan talent pool in those countries would come back home to start new businesses in their motherland if the authorities make the domestic environment conducive to professionalism, startups, incubator nest hubs, industrial parks etc.,” he said.
The following are some excerpts from the interview with Dr. Fernando.
“Brain drain isn’t a new phenomenon in Sri Lanka. It has been in existence for more than six decades and it occurred in different ways at different stages of our history. The diaspora includes all communities of the country, not only Tamils as erroneously interpreted very often. With the gaining of Independence from the colonial masters in 1948 and with the advent of the Sinhala Only Act in 1956, economically and administratively active European descendants who had made Sri Lanka their second home left the country for good.
Subsequently, in the first few years of 1970s when the features of a closed-economy were dominant in the country, many professionals including doctors, engineers and lawyers left Sri Lanka to live and work the in the West. I would be remiss if I didn’t mention the legacy of what came to be known as Black July in 1983 where Tamil separatists had stepped up militant attacks in the North killing 13 soldiers, and over the next few days, some members of the Sinhalese majority took revenge causing havoc around the country. This unfortunate turn of events led to a mass exodus of educated members of the Tamil community to other countries.
And in the 1990s-2000s when bomb blasts were taking place and the country engaged in a war to crush terrorism, another wave of Tamil professionals departed from Sri Lanka. Around this time, universities had been closed for three consecutive years from 1986 to 1989 due to political unrest and many students from affluent families left the country to pursue their higher education in foreign countries. So, this is a brief overview of how migration happened in the past. And today, we are witnessing the largest-ever exodus of qualified professionals as a result of the deeper implications and consequences of the current economic crisis.”
“You see, this time the brain drain is starkly different from the past scenarios and you cannot really blame the people going out because who does not want to improve standard of life? However, I think this situation has a silver lining too. If the policymakers take advantage of the often-overlooked aspects, the brain drain could be turned into a win-win situation for the country as well as the skilled migrants in the medium to long term.”
“Not only in Sri Lanka, the migration of skilled workers is a persistent trend in many developing countries, and therefore, as a country we need to look at how we can strategically attract skilled migrants to come back after some time and make Sri Lanka more attractive to international capital investment as well as an oasis for knowledge industries which are based on intensive use of technology and human capital.”
“We need to understand that migration takes place because of push factors in Sri Lanka and pull factors in the receiving countries. So, the authorities must avoid measures to limit or tax skilled migrants’ decisions to leave the country because it goes against the democratic norms of the country and the fundamental freedom of choice. Instead, the authorities should facilitate them to migrate because these skilled professionals are privy to most updated technologies and best work practices in those countries.”
“Let’s not forget that many of our professionals abroad have built purposeful connections and networks in these advanced economies, therefore, Sri Lanka can leverage this ‘brain circulation’ for its rapid development and economic growth. If we harness it properly, it can trigger a flow back of knowledge, new technologies and foreign direct investments (FDI) to the country.
If we can entice at least a small percentage of the Sri Lankan diaspora to come back and operate from Sri Lanka, they will have the capacity to form the back bone of a new economic order especially by innovating lucrative products for the global ICT marketplace. So the government must work towards the goal of providing them with amenities similar to what they would get in the foreign lands they go to. If we can do this, we will be able to attract back at least a few of them who have the true transformative capacity to help Sri Lanka in its growth journey.”
“Already without any government intervention, a few individuals of Sri Lanka’s patriotic diaspora have shifted their base back home because they identified the favourable opportunities in Sri Lanka. Virtusa Corporation founded by Kris Canekeratne, WSO2 founded by Dr.Sanjiva Weerawarana, CodeGen founded by Dr. Harsha Subasinghe, Orion City founded by Jeevan Gnanam, for example, have earned a lot of name and fame for what they are specialized in and have become foreign currency revenue earners to reckon with, in their respective fields.
They interconnected their operations to Sri Lanka driven by their own passion and passed the benefit to the county regardless of little support from the policymaking side. But such passionate volunteering by the Sri Lankan diaspora needs to be spurred by the government without much delay. The government can take a cue from India in this regard and introduce a special visa category for the diaspora members, and create tech hubs and science parks to facilitate them to bring their operations to Sri Lanka. When such visionary entrepreneurs come, other professionals also will see that the country is doing all the right things to achieve its full growth potential, and they will also jump on the growth bandwagon,” Dr. Janaka Fernando said.
Business
UN Global Compact Network Sri Lanka mobilizes business to lead with purpose
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.
It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.
More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.
Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.
UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.
Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:
“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”
The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.
Business
A regional conversation on the future of English language teaching
Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world
The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?
Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.
Business
The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition
The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.
Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.
The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.
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