Business
Expanding Ed-tech through partnerships, collaborations, and AI to improve quality education: Insights for Sri Lanka

The COVID-19 pandemic underscored the critical role of technology in maintaining educational continuity during crises. As the world increasingly turns to educational technology (Ed-tech) solutions, it is essential to align these advancements with Sustainable Development Goal 4 (SDG 4), which advocates for inclusive and equitable quality education for all. The Institute of Policy Studies of Sri Lanka (IPS) recently hosted a hybrid Roundtable Discussion titled “Ed-tech Towards Achieving SDGs,” offering valuable perspectives on the role of Ed-tech in bridging educational gaps and the facilitators and barriers to the expansion of Ed-tech going ahead.
Currently, the primary focus in Ed-tech revolves around adapting to rapidly evolving technologies. There are also concerns that overreliance on technology could widen disparities in accessing quality education. The preceding discussion provides insights into how Ed-tech can be used to address these gaps and overcome barriers, emphasising the importance of regional cooperation and public-private partnerships, and the recent emergence of AI.
Regional Collaboration in Facilitating Ed-tech
A key insight from the discussion was the pivotal role of regional cooperation in accelerating the implementation and adoption of Ed-tech. Ms Cahya Raith from the Southeast Asian Ministers of Education Organization – Regional Open Learning Center (SEAMOLEC) underscored the role of knowledge sharing, joint research and development efforts, and collaborative capacity-building programmes in advancing Ed-tech in the region.
Similarly, the SEAMEO plays a crucial role in the region’s Ed-tech landscape, fostering innovative practices in Open and Distance Learning (ODL) with a keen eye on integrating metaverse and artificial intelligence (AI) technologies. They are also looking at enhancing the capabilities of educators through their regional training programmes which are designed to improve technology integration in the learning process.
The alignment of Southeast Asian countries towards a knowledge-based economy has emerged as a driving force in shaping Ed-tech policies in the region. Ms Ratna Hartine, representing Angel Investment Network Indonesia (ANGIN), noted that Ed-tech policies within the region are more focused on digitising national education data and administration. This includes establishing digital repositories like lectures, ebooks, simulation software and other learning materials, and seeking to expand access to quality education by leveraging mobile learning platforms and by equipping teachers with the required skills through teacher training programmes.
The discussion also shed light on the critical role of public-private partnerships (PPP) in expanding Ed-tech. Mr Asith de Silva, Senior Manager – Social Innovation at Dialog Axiata PLC, discussed how their collaboration with Sri Lanka’s Ministry of Education significantly contributed to the success of ‘the ‘Nenasa’ programme. Nenasa has been delivering educational content for Sri Lankan students since 2009 via a variety of technological means including TV channels and mobile apps, as well as teacher training programmes for teachers in utilising technology in the teaching process.
India’s ‘OLabs’ is another noteworthy PPP in South Asia that makes lab resources readily (anytime) and remotely (anywhere) available to students without access to physical labs or where equipment is not available in their schools due to scarcity or cost. The initiative was pioneered by AmritaCREATE and C-DAC under a research grant from the Ministry of Electronics and Information Technology in India, and collaborating and funding support from the public sector has been instrumental in developing such Ed-tech initiatives that support education in schools.
Improving Access for Vulnerable Groups
A significant part of the roundtable focused on using Ed-tech to enhance access to education for vulnerable populations. Several Ed-tech initiatives in South Asia, Southeast Asia, and the Middle East and North Africa (MENA) region that cater to this purpose include Pakistan’s ‘WonderTree’ initiative for children with disabilities, Indonesia’s ‘BEEP’ for out-of-school children, India’s ‘OLabs’ and ‘Class Saathi’ for rural children and children from underprivileged areas.
Importantly, Mr Georges Boarde, Senior Education Programme Specialist from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) in the Near East, highlighted the role played by the UNRWA e-learning platform in improving access to remote learning material and resources for Palestinian refugee students.
He also stated how they prioritise enhancing education resilience by improving the preparedness of students and teachers for remote learning and teaching in times of emergencies, such as the COVID-19 pandemic and the ongoing conflict in the region. While the UNRWA is a humanitarian organization that provides its services free to refugees, Mr Boarde highlighted the lack of internal revenue sources as a main barrier to implementing their plans for integrating technology in education, as well as the important role played by donors in facilitating the development of Ed-tech, including its scope and quality.
AI’s Role in Quality Education
The discussion also focused on how AI could help education. Dr Gharbi, CEO of Uptitude, a digital learning company, in Tunisia offered insights on the MENA region’s adoption of AI in education through platforms such as Zenon Academy and AI Mentor which uses gamification and other methods to enhance the learning experience of students. But she also emphasised the varying levels of AI integration across countries, with advanced implementations in the UAE and Saudi Arabia, and a growing interest in AI post-pandemic in Tunisia, Morocco, and Algeria.
To add to that, Ms Hartine highlighted Sekolah metaverse community, a PPP in Indonesia that uses AI, augmented reality (AR), and virtual reality (VR) to substitute learning environments like laboratories in schools that lack resources and funding by creating a community. She also noted how such visual experiences are useful for students who struggle with reading. Other participants from the roundtable further highlighted the role of AI in reducing resource requirements, including personnel, reducing costs, and guiding teachers, among its other uses.
Experts from the government sector, private sector, and donor agencies contributed valuable insights to the roundtable discussion. The event, based on a recent IPS study financed by the International Development Research Centre (IDRC) through Southern Voice and Group for the Analysis of Development (GRADE), provided a comprehensive overview of the Ed-tech landscape and its potential in achieving SDGs.
Business
IMF staff team concludes visit to Sri Lanka

An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After constructive discussions in Colombo, Mr. Papageorgiou issued the following statement:
“Sri Lanka’s ambitious reform agenda supported by the IMF Extended Fund Facility (EFF) continues to deliver commendable outcomes. The post-crisis growth rebound of 5 percent in 2024 is impressive. Inflation declined considerably in recent quarters and has fallen to ‑2.6 percent at end-March 2025. Gross official reserves increased to US$6.5 billion at end-March 2025 with sizeable foreign exchange purchases by the central bank. Substantial fiscal reforms have strengthened public finances.
“The recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from its own economic crisis. More time is needed to assess the impact of the global shock and how its implications for Sri Lanka can be addressed within the contours of its IMF-supported program.
“The government’s sustained commitment to program objectives is ensuring policy continuity and program implementation remains strong. Going forward, sustaining the reform momentum is critical to safeguard the hard-won gains of the program and put the economy on a path toward lasting macroeconomic stability and higher inclusive growth.
“Against increased global uncertainty, sustained revenue mobilization efforts and prudent budget execution in line with Budget 2025 are critical to preserve the limited fiscal space. Boosting tax compliance, including by reinstating an efficient and timely VAT refund mechanism, will help contribute to revenue gains without resorting to additional tax policy measures. Avoiding new tax exemptions will help reduce fiscal revenue leakages, corruption risks and build much needed fiscal buffers, including for social spending to support Sri Lanka’s most vulnerable. Restoring cost recovery in electricity pricing will help minimize fiscal risks arising from the electricity state-owned enterprise.
“The government has an important responsibility to protect the poor and vulnerable at this uncertain time. It is important to redouble efforts to improve targeting, adequacy, and coverage of social safety nets. Fiscal support needs to be well-targeted, time-bound, and within the existing budget envelope.
“While inflation remains low, continued monitoring is warranted to ensure sustained price stability and support macroeconomic stability. Against ongoing global uncertainty, it remains important to continue rebuilding external buffers through reserves accumulation.
“Discussions are ongoing, and the authorities are encouraged to continue to make progress on restoring cost-recovery electricity pricing, strengthening the tax exemptions framework, and other important structural reforms.
“The IMF team held meetings with His Excellency President and Finance Minister Anura Kumara Dissanayake, Honorable Prime Minister Dr. Harini Amarasuriya ; Honorable Labor Minister and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando, Honorable Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma, Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe, Secretary to the Treasury Mr. K M Mahinda Siriwardana, Senior Economic Advisor to the President Duminda Hulangamuwa, and other senior government and CBSL officials. The team also met with parliamentarians, representatives from the private sector, civil society organizations, and development partners.
“We would like to thank the authorities for the excellent collaboration during the mission. Discussions are continuing with the goal of reaching staff-level agreement in the near term to pave the way for the timely completion of the fourth review. We reaffirm our commitment to support Sri Lanka at this uncertain time.”
Business
ComBank unveils new Corporate Branch at Head Office

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.
The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.
Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.
Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”
Business
Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.
At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.
Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”
“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.
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