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“Bank of Ceylon Stands as a cornerstone of Sri Lanka’s Economic Progress through Capital Formation, Inclusion and Stability”

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Chaaminda Kumarasiri

*  In conversation with Chaaminda Kumarasiri, Group Managing Director of Lanka Hospitals Corporation PLC

Chaaminda Kumarasiri, Group Managing Director of Lanka Hospitals Corporation PLC a Senior Chartered Accountant and a seasoned professional in the sector, discusses the hospital’s evolution, its collaboration with the country’s largest bank, and the shared vision of advancing healthcare and economic growth in Sri Lanka. In this interview we discuss how Bank of Ceylon has been a strategically, enabling efficient financial operations, supporting medical professionals, and strengthening the hospital’s role as a trusted national institution. In this interview,

Lanka Hospitals has established itself as a leading healthcare institution in Sri Lanka. Could you share a brief overview of the hospital’s journey, key areas of service, and its vision for the future?

Since opening its doors in 2002 as Apollo Hospitals Colombo, Lanka Hospitals has evolved into Sri Lanka’s foremost multi-specialty tertiary care institution. Over the past two decades, it has established itself as a leader in advanced medical care, consistently raising the bar in quality, patient safety, and innovation in healthcare delivery.

Lanka Hospitals offers comprehensive medical and surgical expertise across more than 30 specialties, including cardiology, neurosurgery, oncology, orthopaedics, urology, fertility treatment, and bariatric surgery. These services are further strengthened by dedicated Centers of Excellence, such as the Heart Centre, Mother & Baby Care, Kidney Transplant & Renal Care Unit, Fertility Centre, and Bariatric Surgery programme. Each centre brings together leading consultants, specialized teams, and state-of-the-art technology to deliver outcomes that meet the highest global standards.

Diagnostic excellence is another cornerstone of the hospital’s reputation. Through Lanka Hospitals Diagnostics (LHD), Sri Lanka’s first internationally accredited medical reference laboratory, the hospital provides accurate, reliable, and internationally benchmarked diagnostic services that support both local and international healthcare needs.

Recognition from global accreditation bodies has reinforced its standing. The Joint Commission International (JCI) Gold Seal of Approval and College of American Pathologists (CAP) accreditation for LHD reflect the hospital’s commitment to rigorous quality standards, patient safety, and continuous improvement in healthcare delivery.

How has the establishment of the Bank of Ceylon branch within Lanka Hospitals supported your operational needs, including staff salary disbursements, supplier and patient settlements, and the handling of other day-to-day financial transactions?

The Bank of Ceylon (BOC) branch within Lanka Hospitals has become a vital enabler of the hospital’s financial operations, ensuring seamless banking support that strengthens both efficiency and reliability. Its presence has allowed the hospital to manage essential functions with speed and accuracy, directly supporting uninterrupted patient care.

Through this partnership, staff salary disbursements are handled efficiently across the hospital’s large workforce, while supplier and partner settlements are processed with minimal delays, ensuring smooth business continuity. Patients too benefit from the convenience of secure, on-site payment facilities for both in-patient and out-patient services, making their experience more seamless. The branch also simplifies the handling of daily transactions, from collections at off-site medical centers to quick fund transfers required for urgent operational needs.

By combining efficiency with reliability, BOC’s on-site services have significantly enhanced cash flow management and strengthened the security of financial transactions. Most importantly, this integration of financial operations into the hospital environment has ensured that critical administrative processes are carried out without disrupting the hospital’s central focus, delivering quality patient care.

There’s a growing trend of Sri Lankans traveling overseas for medical treatment, resulting in considerable foreign currency outflows. As a leading private healthcare provider, how do you view this situation, and what steps are being taken by Lanka Hospitals to retain these patients by offering internationally competitive services locally?

The outflow of patients seeking overseas medical treatment has long been a challenge for Sri Lanka, not only for the healthcare sector but also for the country’s foreign currency reserves. Recognizing this, Lanka Hospitals has deliberately positioned itself as a credible alternative to international medical travel by delivering advanced treatments and services within Sri Lanka.

Significant investments have been made in technology and infrastructure, with the hospital introducing cutting-edge equipment such as the state-of-the-art Gamma Camera, the ZEISS KINEVO 9900 neurosurgical system, advanced laparoscopic and bariatric suites, and comprehensive ICU facilities that meet the most rigorous international benchmarks. Alongside this, high-end medical services that once required patients to travel abroad, such as kidney transplants, advanced cardiac surgeries, in-vitro fertilization with internationally comparable success rates, and bariatric surgery programs, are now readily available at Lanka Hospitals.

These medical advancements are complemented by global accreditation standards, including the prestigious Joint Commission International (JCI) accreditation, which assures both Sri Lankan patients and international visitors of uncompromising safety and quality. To further strengthen its international reach, the hospital has established a dedicated International Patient Centre that provides personalized pre- and post-travel support, making Colombo an increasingly attractive destination for medical tourism in the region.

As a Chartered Accountant and seasoned professional in the sector, how do you view Bank of Ceylon’s broader contribution to Sri Lanka’s economic development?

Viewed through the lenses of capital formation, inclusion, and stability, the Bank of Ceylon stands as a cornerstone of Sri Lanka’s economic progress. By mobilizing domestic savings and channeling them into productive credit, the bank sustains the growth of small and medium enterprises, exporters, and essential services. Equally important, it has served as a counter-cyclical force in times of economic stress, maintaining liquidity and stability when the country has needed it most.

Its extensive reach and robust digital infrastructure have widened access to financial services, formalized payments, and reduced transaction costs across the economy. For national institutions such as Lanka Hospitals, the impact of this partnership is deeply practical. Dependable working capital facilities, trade finance to support the import of vital medical equipment and consumables, and streamlined mechanisms for collections, payroll, and payments ensure that financial operations run without disruption.

In what ways have BOC’s financial solutions benefitted your staff, medical professionals, and consultants, for instance, through salary accounts, loan facilities, or digital banking services tailored to their needs?

At Lanka Hospitals, the partnership with the Bank of Ceylon extends beyond institutional operations and creates tangible benefits for our people every day. For staff, salary accounts with same-day credit, fee concessions, and reliable online banking ensure that payments are both seamless and secure. Salary-linked credit facilities, including personal loans, housing and vehicle finance, and education loans, are offered at preferential rates with rapid processing, giving employees greater financial flexibility and peace of mind.

For medical professionals and consultants, BOC provides support to expand their practices by facilitating the import of specialized equipment, while also enabling cashless clinics through point-of-sale acceptance and prompt merchant settlements. These solutions make it easier for professionals to focus on patient care while managing their practices more efficiently.

On the operational front, the hospital benefits from payroll integration and bulk-payment systems that significantly reduce reconciliation time. Paperwork has been minimized through e-statements and digital request channels, streamlining processes and improving transparency.



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Features

Cyclones, greed and philosophy for a new world order

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Floods caused by Cyclone Ditwah in Sri Lanka

Further to my earlier letter titled, “Psychology of Greed and Philosophy for a New World Order” (The Island 26.11.2025) it may not be far-fetched to say that the cause of the devastating cyclones that hit Sri Lanka and Indonesia last week could be traced back to human greed. Cyclones of this magnitude are said to be unusual in the equatorial region but, according to experts, the raised sea surface temperatures created the conditions for their occurrence. This is directly due to global warming which is caused by excessive emission of Greenhouse gases due to burning of fossil fuels and other activities. These activities cannot be brought under control as the rich, greedy Western powers do not want to abide by the terms and conditions agreed upon at the Paris Agreement of 2015, as was seen at the COP30 meeting in Brazil recently. Is there hope for third world countries? This is why the Global South must develop a New World Order. For this purpose, the proposed contentment/sufficiency philosophy based on morals like dhana, seela, bhavana, may provide the necessary foundation.

Further, such a philosophy need not be parochial and isolationist. It may not be  necessary to adopt systems that existed in the past that suited the times but develop a system that would be practical and also pragmatic in the context of the modern world.

It must be reiterated that without controlling the force of collective greed the present destructive socioeconomic system cannot be changed. Hence the need for a philosophy that incorporates the means of controlling greed. Dhana, seela, bhavana may suit Sri Lanka and most of the East which, as mentioned in my earlier letter, share a similar philosophical heritage. The rest of the world also may have to adopt a contentment / sufficiency philosophy with  strong and effective tenets that suit their culture, to bring under control the evil of greed. If not, there is no hope for the existence of the world. Global warming will destroy it with cyclones, forest fires, droughts, floods, crop failure and famine.

Leading economists had commented on the damaging effect of greed on the economy while philosophers, ancient as well as modern, had spoken about its degenerating influence on the inborn human morals. Ancient philosophers like Plato, Aristotle, and Epicurus all spoke about greed, viewing it as a destructive force that hindered a good life. They believed greed was rooted in personal immorality and prevented individuals from achieving true happiness by focusing on endless material accumulation rather than the limited wealth needed for natural needs.

Jeffry Sachs argues that greed is a destructive force that undermines social and environmental well-being, citing it as a major driver of climate change and economic inequality, referencing the ideas of Adam Smith, John Maynard Keynes, etc. Joseph Stiglitz, a Nobel Laureate economist, has criticised neoliberal ideology in similar terms.

In my earlier letter, I have discussed how contentment / sufficiency philosophy could effectively transform the socioeconomic system to one that prioritises collective well-being and sufficiency over rampant consumerism and greed, potentially leading to more sustainable economic models.

Obviously, these changes cannot be brought about without a change of attitude, morals and commitment of the rulers and the government. This cannot be achieved without a mass movement; people must realise the need for change. Such a movement would need  leadership. In this regard a critical responsibility lies with the educated middle class. It is they who must give leadership to the movement that would have the goal of getting rid of the evil of excessive greed. It is they who must educate the entire nation about the need for these changes.

The middle class would be the vanguard of change. It is the middle class that has the capacity to bring about change. It is the middle class that perform as a vibrant component of the society for political stability. It is the group which supplies political philosophy, ideology, movements, guidance and leaders for the rest of the society. The poor, who are the majority, need the political wisdom and leadership of the middle class.

Further, the middle class is the font of culture, creativity, literature, art and music. Thinkers, writers, artistes, musicians are fostered by the middle class. Cultural activity of the middle class could pervade down to the poor groups and have an effect on their cultural development as well. Similarly, education of a country depends on how educated the middle class is. It is the responsibility of the middle class to provide education to the poor people.

Most importantly, the morals of a society are imbued in the middle class and it is they who foster them. As morals are crucial in the battle against  greed, the middle class assume greater credentials to spearhead the movement against greed and bring in sustainable development and growth. Contentment sufficiency philosophy, based on morals, would form the strong foundation necessary for achieving the goal of a new world order. Thus, it is seen that the middle class is eminently suitable to be the vehicle that could adopt and disseminate a contentment/ sufficiency philosophy and lead the movement against the evil neo-liberal system that is destroying the world.

The Global South, which comprises the majority of the world’s poor, may have to realise, before it is too late, that it is they who are the most vulnerable to climate change though they may not be the greatest offenders who cause it. Yet, if they are to survive, they must get together and help each other to achieve self-sufficiency in the essential needs, like food, energy and medicine. Trade must not be via exploitative and weaponised currency but by means of a barter system, based on purchase power parity (PPP). The union of these countries could be an expansion of organisations,like BRICS, ASEAN, SCO, AU, etc., which already have the trade and financial arrangements though in a rudimentary state but with great potential, if only they could sort out their bilateral issues and work towards a Global South which is neither rich nor poor but sufficient, contented and safe, a lesson to the Global North. China, India and South Africa must play the lead role in this venture. They would need the support of a strong philosophy that has the capacity to fight the evil of greed, for they cannot achieve these goals if fettered by greed. The proposed contentment / sufficient philosophy would form a strong philosophical foundation for the Global South, to unite, fight greed and develop a new world order which, above all, will make it safe for life.

by Prof. N. A. de S. Amaratunga 
PHD, DSc, DLITT

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SINHARAJA: The Living Cathedral of Sri Lanka’s Rainforest Heritage

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Damp and thick undergrowth

When Senior biodiversity scientist Vimukthi Weeratunga speaks of Sinharaja, his voice carries the weight of four decades spent beneath its dripping emerald canopy. To him, Sri Lanka’s last great rainforest is not merely a protected area—it is “a cathedral of life,” a sanctuary where evolution whispers through every leaf, stream and shadow.

 “Sinharaja is the largest and most precious tropical rainforest we have,” Weeratunga said.

“Sixty to seventy percent of the plants and animals found here exist nowhere else on Earth. This forest is the heart of endemic biodiversity in Sri Lanka.”

A Magnet for the World’s Naturalists

Sinharaja’s allure lies not in charismatic megafauna but in the world of the small and extraordinary—tiny, jewel-toned frogs; iridescent butterflies; shy serpents; and canopy birds whose songs drift like threads of silver through the mist.

“You must walk slowly in Sinharaja,” Weeratunga smiled.

“Its beauty reveals itself only to those who are patient and observant.”

For global travellers fascinated by natural history, Sinharaja remains a top draw. Nearly 90% of nature-focused visitors to Sri Lanka place Sinharaja at the top of their itinerary, generating a deep economic pulse for surrounding communities.

A Forest Etched in History

Centuries before conservationists championed its cause, Sinharaja captured the imagination of explorers and scholars. British and Dutch botanists, venturing into the island’s interior from the 17th century onward, mapped streams, documented rare orchids, and penned some of the earliest scientific records of Sri Lanka’s natural heritage.

Smallest cat

These chronicles now form the backbone of our understanding of the island’s unique ecology.

The Great Forest War: Saving Sinharaja

But Sinharaja nearly vanished.

In the 1970s, the government—guided by a timber-driven development mindset—greenlit a Canadian-assisted logging project. Forests around Sinharaja fell first; then, the chainsaws approached the ancient core.

 “There was very little scientific data to counter the felling,” Weeratunga recalled.

“But people knew instinctively this was a national treasure.”

The public responded with one of the greatest environmental uprisings in Sri Lankan history. Conservation icons Thilo Hoffmann and Neluwe Gunananda Thera led a national movement. After seven tense years, the new government of 1977 halted the project.

What followed was a scientific renaissance. Leading researchers—including Prof. Savithri Gunathilake and Prof. Nimal Gunathilaka, Prof. Sarath Kottagama, and others—descended into the depths of Sinharaja, documenting every possible facet of its biodiversity.

Thilak

 “Those studies paved the way for Sinharaja to become Sri Lanka’s very first natural World Heritage Site,” Weeratunga noted proudly.

A Book Woven From 30 Years of Field Wisdom

For Weeratunga, Sinharaja is more than academic terrain—it is home. Since joining the Forest Department in 1985 as a young researcher, he has trekked, photographed, documented and celebrated its secrets.

Now, decades later, he joins Dr. Thilak Jayaratne, the late Dr. Janaka Gallangoda, and Nadika Hapuarachchi in producing, what he calls, the most comprehensive book ever written on Sinharaja.

 “This will be the first major publication on Sinharaja since the early 1980s,” he said.

“It covers ecology, history, flora, fauna—and includes rare photographs taken over nearly 30 years.”

Some images were captured after weeks of waiting. Others after years—like the mysterious mass-flowering episodes where clusters of forest giants bloom in synchrony, or the delicate jewels of the understory: tiny jumping spiders, elusive amphibians, and canopy dwellers glimpsed only once in a lifetime.

The book even includes underwater photography from Sinharaja’s crystal-clear streams—worlds unseen by most visitors.

A Tribute to a Departed Friend

Halfway through the project, tragedy struck: co-author Dr. Janaka Gallangoda passed away.

 “We stopped the project for a while,” Weeratunga said quietly.

“But Dr. Thilak Jayaratne reminded us that Janaka lived for this forest. So we completed the book in his memory. One of our authors now watches over Sinharaja from above.”

Jumping spide

An Invitation to the Public

A special exhibition, showcasing highlights from the book, will be held on 13–14 December, 2025, in Colombo.

“We cannot show Sinharaja in one gallery,” he laughed.

“But we can show a single drop of its beauty—enough to spark curiosity.”

A Forest That Must Endure

What makes the book special, he emphasises, is its accessibility.

“We wrote it in simple, clear language—no heavy jargon—so that everyone can understand why Sinharaja is irreplaceable,” Weeratunga said.

“If people know its value, they will protect it.”

To him, Sinharaja is more than a rainforest.

It is Sri Lanka’s living heritage.

A sanctuary of evolution.

A sacred, breathing cathedral that must endure for generations to come.

By Ifham Nizam

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Features

How Knuckles was sold out

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Knuckles range

Leaked RTI Files Reveal Conflicting Approvals, Missing Assessments, and Silent Officials

“This Was Not Mismanagement — It Was a Structured Failure”— CEJ’s Dilena Pathragoda

An investigation, backed by newly released Right to Information (RTI) files, exposes a troubling sequence of events in which multiple state agencies appear to have enabled — or quietly tolerated — unauthorised road construction inside the Knuckles Conservation Forest, a UNESCO World Heritage site.

At the centre of the unfolding scandal is a trail of contradictory letters, unexplained delays, unsigned inspection reports, and sudden reversals by key government offices.

“What these documents show is not confusion or oversight. It is a structured failure,” said Dilena Pathragoda, Executive Director of the Centre for Environmental Justice (CEJ), who has been analysing the leaked records.

“Officials knew the legal requirements. They ignored them. They knew the ecological risks. They dismissed them. The evidence points to a deliberate weakening of safeguards meant to protect one of Sri Lanka’s most fragile ecosystems.”

A Paper Trail of Contradictions

RTI disclosures obtained by activists reveal:

Approvals issued before mandatory field inspections were carried out

Three departments claiming they “did not authorise” the same section of the road

A suspiciously backdated letter clearing a segment already under construction

Internal memos flagging “missing evaluation data” that were never addressed

“No-objection” notes do not hold any legal weight for work inside protected areas, experts say.

One senior officer’s signature appears on two letters with opposing conclusions, sent just three weeks apart — a discrepancy that has raised serious questions within the conservation community.

“This is the kind of documentation that usually surfaces only after damage is done,” Pathragoda said. “It shows a chain of administrative behaviour designed to delay scrutiny until the bulldozers moved in.”

The Silence of the Agencies

Perhaps, more alarming is the behaviour of the regulatory bodies.

Multiple departments — including those legally mandated to halt unauthorised work — acknowledged concerns in internal exchanges but issued no public warnings, took no enforcement action, and allowed machinery to continue operating.

“That silence is the real red flag,” Pathragoda noted.

“Silence is rarely accidental in cases like this. Silence protects someone.”

On the Ground: Damage Already Visible

Independent field teams report:

Fresh erosion scars on steep slopes

Sediment-laden water in downstream streams

Disturbed buffer zones

Workers claiming that they were instructed to “complete the section quickly”

Satellite images from the past two months show accelerated clearing around the contested route.

Environmental experts warn that once the hydrology of the Knuckles slopes is altered, the consequences could be irreversible.

CEJ: “Name Every Official Involved”

CEJ is preparing a formal complaint demanding a multi-agency investigation.

Pathragoda insists that responsibility must be traced along the entire chain — from field officers to approving authorities.

“Every signature, every omission, every backdated approval must be examined,” she said.

“If laws were violated, then prosecutions must follow. Not warnings. Not transfers. Prosecutions.”

A Scandal Still Unfolding

More RTI documents are expected to come out next week, including internal audits and communication logs that could deepen the crisis for several agencies.

As the paper trail widens, one thing is increasingly clear: what happened in Knuckles is not an isolated act — it is an institutional failure, executed quietly, and revealed only because citizens insisted on answers.

by Ifham Nizam

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