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

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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.



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Sampath Bank’s strong results boost investor confidence

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The latest earnings report for Sampath Bank PLC (SAMP), analysed by First Capital Research (FCR), firmly supports a positive outlook among investors. The research firm has stuck with its “MAINTAIN BUY” recommendation , setting optimistic targets: a Fair Value of LKR 165.00 for 2025 and LKR 175.00 for 2026. This signals strong belief that the bank is managing the economy’s recovery successfully.

The key reason for this optimism is the bank’s shift towards aggressive, yet smart, growth. Even as interest rates dropped across the market, which usually makes loan income (Net Interest Income) harder to earn, Sampath Bank saw its total loans jump by a huge 30.2% compared to last year. This means the bank lent out a lot more money, increasing its loan book to LKR 1.1 Trillion. This strong lending, which covers trade finance, leasing, and regular term loans, shows the bank is actively helping businesses and people spend and invest as the economy recovers.

In addition to loans, the bank has found a major new source of income from fees and commissions, which surged by 42.6% year-over-year. This money comes from services like card usage, trade activities, and digital banking transactions. This shift makes the bank less reliant on just interest rates, giving it a more stable and higher-profit way to earn money.

Importantly, this growth hasn’t weakened the bank’s foundations. Sampath Bank is managing its funding costs better, partly by improving its low-cost current and savings account (CASA) ratio to 34.5%. Moreover, the quality of its loans is getting better, with bad loans (Stage 3) dropping to 3.77% and the money set aside to cover potential losses rising to a careful 60.25%.

Even with the new, higher capital requirements for systemically important banks, the bank remains very strong, keeping its capital and cash buffers robust and well above the minimum standards.

In short, while the estimated profit for 2025 was adjusted slightly, the bank’s excellent performance and strong strategy overshadow this minor change. Sampath Bank is viewed as a sound stock with high growth potential , offering investors attractive total returns over the next two years.

By Sanath Nanayakkare

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ADB approves $200 million to improve water and food security in North Central Sri Lanka

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ADB Country Director for Sri Lanka Takafumi Kadono

The Asian Development Bank (ADB) has approved a $200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka’s largest multiuse water resources development initiative.

The program aims to transfer excess water from the Mahaweli River to the drier northern and northwestern parts of Sri Lanka. The Mahaweli Water Security Investment Program Stage 2 Project will directly benefit more than 35,600 farming households in the North Central Province by strengthening agriculture sector resilience and enhancing food security.

ADB leads the joint cofinancing effort for the project, which is expected to mobilize $60 million from the OPEC Fund for International Development and $42 million from the International Fund for Agricultural Development, in addition to the ADB financing.

“While Sri Lanka has reduced food insecurity, it remains a development challenge for the country,” said ADB Country Director for Sri Lanka Takafumi Kadono. “Higher agricultural productivity and crop diversification are necessary to achieve food security, and adequate water resources and disaster-resilient irrigation systems are key.”

The project will complete the government’s North Central Province Canal (NCPC) irrigation infrastructure, which is expected to irrigate about 14,912 hectares (ha) of paddy fields and provide reliable irrigated water for commercial agriculture development (CAD). It will help complete the construction of tunnels and open and covered canals. The project will also establish a supervisory control and data acquisition system to improve NCPC operations. Once completed, the NCPC will connect the Moragahakanda Reservoir to the reservoirs of Huruluwewa, Manankattiya, Eruwewa, and Mahakanadarawa.

Sri Lanka was hit by Cyclone Ditwah in late November, resulting in the country’s worst flood in two decades and the deadliest natural hazard since the 2004 tsunami. The disaster damaged over 160,000 ha of paddy fields along with nearly 96,000 ha of other crops and 13,500 ha of vegetables.

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ComBank to further empower women-led enterprises with NCGIL

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.

The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.

Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.

‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans.

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