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AIBS affirms leadership in delivery of internationally accredited STEM programs in Sri Lanka

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Sealing a partnership of 3 years – AIBS Chairperson Rohini Nanayakkara and Founder & Managing Director of AIBS Hiran de Silva with Professor George Talbot, Pro-Vice Chancellor of Edge Hill University, United Kingdom

The Asian Institute of Business & Science (AIBS) founded in 2018 held a celebratory event marking its journey of six years – from humble beginnings to an entity that continues to raise the bar in imparting higher education excellence. Firmly embedded into the realm of worldclass transnational education with the affiliation etched with Edge Hill University, UK in 2022, AIBS currently offers 21 study courses & programs across 14 awarding bodies, universities and higher education institutions to 600 plus learners.

Professor George Talbot stated that Edge Hill University was recognized as the Modern University of the Year in 2022. “We are renowned for our excellence in STEM education and our affiliation with AIBS assures a strong pathway for us to deliver an unparalleled educational experience, especially in the Life Sciences sector, for Sri Lankan students. Our partnership with AIBS ensures seamless delivery of academic curriculums meeting the highest standards demanded of international degrees, provides skills development and research support for AIBS academics. We plan to expand the portfolio of offerings in undergraduate studies covering Environmental Science, Food Science & Technology, Biochemistry, Business Analytics, Cyber Security & Artificial Intelligence along with select post-graduate programs.”

Built on the vision of establishing a science-centric institution, AIBS began its journey in higher education as an accredited centre to deliver Pearson BTEC Higher National Diploma in Applied Sciences with two specializations in biology & biotechnology. Subsequently, Business &

Computing with five specializations, including Business, Marketing, Accounting and Finance, Computing and Software Engineering were added to the portfolio. Based on this success, AIBS moved into delivery of undergraduate programs in Biomedical Science, Biotechnology, Genetics, International Business, Marketing, Computing & Software Engineering in partnership with Edgehill University.

“We are a leading choice for STEM education in Sri Lanka,” said Founder & Managing Director of AIBS Hiran de Silva addressing the gathering of heads of education institutions & strategic partners. “From 2019, our sights have been set on expanding our transnational education space. This we did with our partnerships with Pearson Education UK, Edgehill University, Rosedale Global High School & NCC Education UK offering a suite of pre-university and postsecondary qualifications. We pioneered the Ontario Secondary School Diploma in Sri Lanka and offered International Foundation Diploma in Higher Education & Australian Foundation Year programs in Science, Business, IT and Engineering to overcome the disruptions created by COVID.”

Tracing some milestones, de Silva stated that AIBS is now the top producer of NCC Level 3 graduates in Sri Lanka, setting a benchmark for pre-university education in the region. “The partnership with Rosedale Global International to introduce the prestigious Ontario Secondary School Diploma accredited by the Ontario Ministry of Education in Canada now produce over one hundred OSSD graduates at AIBS annually.”

Taking the lessons learned in the classroom to the practical world, AIBS now partners leading industry entities including Gene Labs Medical, Derana Medical Labs, Institute for Research & Development among many others.



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Cost-effective clearance of goods across borders to determine worth of Customs Paperless Declaration

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Containers held up at the Port of Colombo

By Ifham Nizam

The introduction of the Customs Paperless Declaration from October 1 could mark an important step in Sri Lanka’s efforts to modernise trade, but its real value will depend on whether it reduces the time and cost of moving goods through the country’s borders, Customs House Agents & Traders Association President Mohamed Niyas said.

Niyas warned that digitising Customs declarations alone would not necessarily translate into faster cargo clearance or lower costs for businesses.

‘Expecting a dramatic improvement in clearance speed under the present conditions is like expecting Ferrari performance from a Morris Minor configuration, he said.

For importers and exporters, the issue extends well beyond paperwork. Every additional hour or day that cargo remains in the clearance chain can have wider consequences for businesses, including increased port and storage-related costs, additional working-capital requirements, uncertainty over delivery schedules and disruptions to production and distribution.

Niyas said the competitiveness of Sri Lanka’s trading sector ultimately depended on how efficiently goods could move through the country’s border-clearance system.

‘The real bottleneck is not merely the absence of paper. It is the entire clearance ecosystem—the limitations of the existing ASYCUDA World system, excessive regulatory interventions by Other

Government Agencies, multiple approvals, physical examinations, manual interventions, fragmented processes and institutional constraints, he said.

He cautioned that unless these bottlenecks were addressed, there was a risk that the paperless initiative would merely digitise existing bureaucracy.

‘If these underlying constraints remain unchanged, there is a real risk that the new paperless system could become another “copy-and-paste road show”—where an old, complex clearance process is simply transferred onto a digital screen without fundamentally changing the process itself, Niyas said.

For businesses dependent on imported raw materials, machinery, components and other inputs, clearance efficiency can directly affect the wider supply chain.

Delays at the border can create uncertainty for manufacturers, distributors and retailers, while exporters can face difficulties meeting delivery schedules when imported inputs or export consignments are held up.

Niyas therefore argued that the success of the October 1 initiative should be judged by its impact on trade flows rather than by the number of declarations processed electronically.

‘Paperless does not automatically mean faster, he said. ‘Digitising a slow process does not make the process fast. It only makes the slow process digital.’

He said Sri Lanka needed to move towards what he described as “process-less Customs”—a system in which unnecessary procedures are eliminated rather than simply converted into electronic procedures.

Among the reforms he called for are simplification of Customs declarations and approval workflows, improvements to the functionality of ASYCUDA World, greater use of risk-based inspections and better integration of Other Government Agency approvals.

Niyas also called for the elimination of repetitive document submissions and physical endorsements, greater use of pre-arrival processing, sufficient capacity for digital document uploads and clearly defined service-level timelines for Customs and OGAs.

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China backs Sri Lanka’s Non-aligned stance to counter regional pressures

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Chinese Ambassador Wei Huaxiang delivering the keynote address in Colombo

By Sanath Nanayakkare

As global attention has fixed on the high-level diplomatic choreography at the United Nations General Assembly in New York, a subtler, yet profound geopolitical signal was sent from Colombo, yesterday.

In a major address marking the founding anniversary of the People’s Republic of China, newly appointed Chinese Ambassador Wei Huaxiang chose to anchor bilateral relations not just in modern trade or infrastructure, but in a shared respect for Sri Lanka’s legacy of non-aligned independence.

By explicitly invoking Sri Lanka’s foundational role in the 1976 Non-Aligned Summit, Beijing was doing something unexpected in an era defined by fierce great-power rivalry: it was officially validating a small island nation’s right to maintain an independent foreign policy stance.

The Strategic Value of Independence

For decades, nations caught in the crosshairs of major-power competition have faced intense pressure to pick sides. Yet, Ambassador Wei’s embrace of Colombo’s non-aligned tradition signaled a different diplomatic playbook. Instead of demanding alignment, Beijing was framing its partnership as a reliable counterbalance to regional pressures. By honouring Sri Lanka’s diplomatic autonomy, China was effectively reassuring smaller economies that sovereign independence and robust economic cooperation can coexist.

Beyond Ports and Industrial Zones

This diplomatic framing reframed the narrative surrounding major collaborative ventures like the Colombo Port City and Hambantota Port. While foreign analysts often view these projects exclusively through the lens of strategic rivalry, Beijing’s diplomatic messaging tied them back to a historical ethos of solidarity—evoking memories of the 1952 Rubber-Rice Pact.

By marrying economic projects with a stated respect for non-alignment, China is positioning itself as a steadfast stakeholder that respects Sri Lanka’s internal agency during difficult economic and political seasons.

As both nations look toward major milestones in 2027—including the 70th anniversary of diplomatic ties—this nuanced diplomatic move revealed how historic traditions are being leveraged to navigate modern multipolar realities.

For global observers, the takeaway was clear: in the shifting architecture of Asian geopolitics, respecting a nation’s historical neutrality may just be the most effective way to secure a lasting partnership, a diplomatic masterclass that Ambassador Wei Huaxiang executed in style.

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Sri Lanka Insurance Life appoints Dr. Sameera Dharmasena Chief Executive Officer

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Dr. Sameera Dharmasena

Sri Lanka Insurance Life (SLIC Life), the nation’s largest and strongest Life Insurer, is pleased to announce the appointment of Dr. Sameera Dharmasena as its new Chief Executive Officer, effective 22nd September 2026.

Dr. Dharmasena is a distinguished insurance professional with over 21 years of experience in the Sri Lankan insurance industry, having held senior leadership positions across several leading insurance companies affiliated with some of Sri Lanka’s largest business conglomerates. His extensive career spans both local and multinational insurance environments, bringing together broad industry expertise, strategic leadership and a strong commitment to the advancement of the insurance profession.

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