Business
LKI – ICRC seminar discusses Contemporary Challenges Concerning AI and Autonomous Weapons Systems
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), in collaboration with the International Committee of the Red Cross (ICRC) hosted a panel discussion titled, ‘Artificial Intelligence (AI), Autonomous Weapons Systems (AWS) and Contemporary Challenges’ at the LKI Lighthouse Auditorium on 19 December 2024. It was attended by diplomats, representatives of International Organizations, senior officials of relevant Ministries and agencies, military personnel, leading researchers and university students.
Delivering the keynote address at the event, the Additional Secretary for East Asia, the Middle East, and Africa at the Ministry of Foreign Affairs, Ms. Yasoja Gunasekera, underscored the urgent need for global action to regulate Artificial Intelligence and Autonomous Weapons Systems. She emphasized that while AI has become integral to numerous sectors, its growing presence on the battlefield raises profound concerns regarding its application in weapon systems. The Additional Secretary recalled that it was under the Chairmanship of Sri Lanka in 2015, that the High Contracting Parties to the Convention on Certain Conventional Weapons (CCW) agreed to elevate the discussion of LAWS from an informal expert led discussion to a State-led dialogue, leading to the establishment of the first meeting of the Group of Governmental Experts (GGE) at the 2016 CCW Review Conference. She noted that in addition to actively engaging in the GGE, in October 2021 Sri Lanka together with a wide cross regional group of 70 states co-sponsored the first Joint Statement on LAWS at the UNGA, and supported the adoption of the ‘the Pact for the Future’ adopted by the UNGA in September 2024. Sri Lanka strongly supports the negotiation of a legally binding instrument to prohibit and regulate LAWS and supports the UN Secretary General and the President of the ICRC’s joint appeal to establish new rules on AWS by 2026.
Earlier welcoming the gathering, Ambassador Ravinatha Aryasinha, Executive Director of the LKI, said the event was intended to salute the role played by the ICRC which commemorated the 75th anniversary of the operation of the Geneva Conventions, without which the world might have been a different place. He recalled the ICRC’s contributions to Sri Lanka since establishing a presence in 1989, particularly during the armed conflict –escorting food and civilian convoys to the North and the East, facilitating immunization drives, passing messages between the parties in conflict and enabling the return of the wounded and the dead on both sides, and post conflict assistance in mine clearance, disaster response, and in the search for missing persons. Across time the ICRC had also played an important role in training the Security Forces on IHL compliance and engaged in prison visitations and supported the improvement of prison conditions. He observed that the theme of the discussion chosen on disarmament, besides being one where the ICRC and Sri Lanka closely collaborated globally, is the focus of several ongoing research endeavours of the LKI in recent times, along with ICT and its contemporary challenges.
Delivering the opening remarks, Severine Chappaz, Head of Delegation of the ICRC in Sri Lanka focused on the continued relevance of IHL. Stressing that the main responsibility to apply IHL in good faith lies with States to mitigate human suffering, she underlined the importance of making IHL a national and international political priority. She also emphasised on aspects of IHL that are particularly relevant to Sri Lanka, including the post-conflict application of IHL, which applies specifically to the issue of missing persons, their right to be searched for, the right of their families to know the fate and whereabouts of their missing loved ones and the obligation to prevent people from going missing. She also referred to the significance of national integration of IHL where the National IHL committee of Sri Lanka plays a key role, training the armed forces in IHL, and the dissemination of IHL through academic and religious circles. In her remarks, Sri Lanka’s international engagement in the promotion and development of IHL, notably in the field of disarmament regulations, was also recognised.
Prof. Andrei Kozik, Regional Legal Advisor – ICRC, highlighted the novel humanitarian and legal challenges posed by technological developments including AI and AWS. Delving into the subject, he drew attention to the unique characteristics of AWS that heighten risks for civilians and raise challenges for IHL compliance. In his presentation, Prof. Kozik also clarified the ICRC’s position on AWS, stating that the ICRC calls for new rules that prohibit the use of ‘unpredictable’ and ‘anti-personnel’ autonomous weapons systems. It was noted that in this context, ‘unpredictability’ refers to the discriminatory nature of AWS weapons while ‘anti-personnel’ refers to autonomous weapons designed or used to target humans directly. The ICRC’s report titled ‘International Humanitarian Law and the challenges of contemporary armed conflicts’ was referenced as a source to obtain an overview of some of the challenges for IHL posed by contemporary armed conflicts. The report broadly underscores the humanitarian consequences that could result from the potential loss of human control over the use of force in armed conflict.
Ms. Yanithra Kumaraguru, Sri Lankan Coordinator for the Global Campaign ‘Stop Killer Robots,’ underscored the critical role of ethics in shaping both the legal frameworks and the development of autonomous weapons, especially in areas where current laws may not provide clear guidance. She highlighted several key ethical concerns, including the challenge of ensuring that autonomous weapons comply with international humanitarian law principles and also questioned whether machines could reliably make life-and-death decisions without human biases, stressing the risks of errors that could lead to violations of human dignity. She further discussed the ‘moral accountability gap’, an ethical concern that extends beyond legal frameworks and asked whether responsibility for actions taken by autonomous weapons lies with designers, operators, or no one at all emphasizing the dehumanizing consequences of delegating such critical decisions to machines. Stressing the fact that some advocates for autonomous weapons argue that these technologies could lead to greater precision and fewer civilian casualties, Ms. Kumaraguru countered that technological limitations, the unpredictable nature of conflict and the human realities of conflict make such claims overly idealistic.
Colonel Nalin Herath, Director, Media and Spokesman of the Ministry of Defence and Head of the Institute of National Security Studies (INSS), while acknowledging the ethical challenges posed highlighted the transformative impact of AI on modern warfare emphasizing its potential for operational efficiency, noted how such weapons are reshaping combat strategies and in distinguishing civilians from military targets. He raised concern about the growing access of non-state actors to advanced technologies, which heightens unpredictability in conflicts and cautioned against the dangers posed by AI in terms of misinformation and disinformation. Stressing the absence of a global consensus on regulating AI in warfare, he called for caution and cooperation to ensure ethical use of AI and to prevent its misuse.
Prof. Ajith De Alwis, the Chief Innovation Officer of the National Innovation Agency (NIA) and Past President – Pugwash Sri Lanka, addressed the dual-use nature of science, technology, and innovation, particularly in the context of autonomous weapons systems and AI. He noted that since the Wright brothers’ revolutionary invention of flight in 1903 which within a decade was quickly adapted for bombing, historically technology had been weaponized. He pointed to the futility of questioning whether blame can be apportioned to autonomous weapons used in wars, what is more crucial is that states create the conditions to prevent wars from taking place in the first place. He emphasised the need for better prioritizing of the use of AWS, rather than banning per se, and advocated for leveraging AI and autonomous systems for humanity’s benefit rather than their weaponization. Pointing to the climate issue where time was running out and the emission trajectories being put into wrong trajectories by all the conflicts going on, he asked that researchers must be persuaded to become more socially responsible, as the scientists who walked out of the ‘Manhattan Project’ which pursued the creation of the atomic bomb. He also advocated strengthening a UN led global mechanism supporting whistle blowing and asked that we push ourselves to value humanity more – touching on the Pugwash principles.
Ambassador Aryasinha who moderated the panel discussion, reflecting on the challenges faced as Sri Lanka’s Permanent Representative in Geneva in presiding over the CCW during Sri Lanka’ Presidency of the CCW in 2015/2016 which secured a consensus to commence the discussion of LAWS at the level of States Parties nearly a decade ago, regretted that movement had been slow and that many relevant States needed for effective regulation of AWS, opposed or remained ambivalent in supporting such regulation.
Business
AIA delivers strong first half results in 2026; double-digit growth across key financial metrics
The Board of AIA Group Limited (the “Company”) is pleased to announce the Group’s financial results for the six months ended 30 June 2026. Growth rates are shown on a constant exchange rate basis unless otherwise stated:
New business performance and embedded value
Value of new business (VONB) of US$3,212 million, up 10 per cent overall and 14 per cent excluding Thailand(1)
Record high annualised operating ROEV of 18.0 per cent, up from 15.8 per cent in full year 2025
EV Equity of US$83.4 billion, up 6 per cent per share over the first half on an actual exchange rate basis
IFRS earnings
Operating profit after tax (OPAT) of US$4,163 million, up 13 per cent per share
AIA now expects to exceed OPAT per share CAGR target of 9 to 11 per cent from 2023 to 2026(2)
Record high annualised operating ROE of 17.5 per cent, up from 15.5 per cent in full year 2025
Cash generation and capital returns
Underlying free surplus generation (UFSG) of US$3,935 million, increased by 10 per cent per share
Net free surplus generation (net FSG) of US$2,758 million, up 12 per cent per share
US$3.6 billion returned to shareholders in the first half through dividend and share buy-back
Interim dividend increased by 10 per cent to 53.90 Hong Kong cents per share
Lee Yuan Siong, AIA’s Group Chief Executive and President, said:
“AIA has delivered another strong performance in the first half of 2026, with double-digit growth across our key financial metrics, while continuing to return substantial capital to shareholders. VONB reached a record high of US$3.2 billion with growth across all distribution channels, and all reportable segments excluding Thailand. The Group has achieved 17 per cent CAGR since the first half of 2023(3), demonstrating consistently strong demand for AIA’s professional advice and differentiated products.
“At the core of our unrivalled distribution platform is our market-leading Premier Agency. I am delighted that AIA has once again been ranked the number one Million Dollar Round Table (MDRT) multinational company globally. We have held this position for a record 12 consecutive years and we have more than double the number of MDRT members of our nearest competitor. In the first half of 2026, our Premier Agency achieved strong VONB growth of 11 per cent excluding Thailand(1). Our extensive network of strategic distribution partners further expands our market reach and generated an 18 per cent increase in VONB, supported by very strong performance in both the bancassurance and independent financial adviser (IFA) and broker channels.
“Strong new business, together with disciplined management of our in-force portfolio, has supported sustained growth in recurring earnings with OPAT per share up by 13 per cent in the first half. As a result, we expect to exceed our 9 to 11 per cent OPAT per share CAGR target for 2023 to 2026(2). UFSG, the Group’s core measure of operating cash generation, increased by 10 per cent per share. After allowing for new business investment, net FSG increased by 12 per cent per share. In accordance with our prudent, sustainable and progressive dividend policy, the Board has declared a 10 per cent increase in the interim dividend to 53.90 Hong Kong cents per share. These achievements demonstrate that our financial strategy is working as intended.
“Asia remains the most compelling growth opportunity for life and health insurance. Powerful structural tailwinds across the region continue to create substantial demand for our professional advice and differentiated products and underpin the exceptional long-term prospects for AIA’s business. I am confident that AIA’s disciplined execution of our strategic priorities will continue to deliver long-term sustainable value for all our stakeholders.”
Business
British Council Sri Lanka launches soft skills workshops to elevate learning and empower communication
The British Council Sri Lanka has launched Corporate English Solutions (CES), tailored to the Sri Lankan corporate and education ecosystem, aimed at helping organisations strengthen workplace communication and professional development.
The launch event took place recently at the NH Collection, Colombo 3, gathering corporate partners, clients and education stakeholders throughout the country.
CES extends the British Council’s long-standing work in English language education and teacher training into a dedicated offering for the corporate sector. The launch introduced two new components to the British Council’s presence in Sri Lanka such as public workshops and teacher training programmes, open to learners and educators beyond the organisation’s existing corporate and academic partners. Guests at the event were shown a short video introducing Corporate English Solutions before the formal proceedings began.
Talal Meer, British Council Regional Business Development Director, South Asia, welcomed guests and introduced the British Council’s team in Sri Lanka. In his remarks, Meer set out the scope of the CES launch, covering the introduction of public workshops in Sri Lanka, the rollout of teacher training programmes, and an overview of the CES product portfolio. Meer’s role covers educational partnerships in the South Asia region, and his address framed the Sri Lanka launch within the British Council’s broader regional strategy.
Business
Ogilvy Group tops award tally at ‘Dragons of Sri Lanka’ 2026
Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies. Gold Dragon wins for Phoenix Ogilvy and Ogilvy Digital, together with the seven additional recognitions across multiple categories, highlighted Ogilvy’s ability to combine creativity, strategic thinking and commercial effectiveness to deliver business results.
Organised by the 4As Sri Lanka, the third edition of Dragons of Sri Lanka shortlisted more than 50 agencies and corporates, making it one of the country’s most competitive marketing communications awards. These local awards, along with the chapters in Malaysia and Pakistan are part of the Dragons of Asia platform, one of the region’s leading programmes for marketing communications effectiveness, with entries being judged on strategy, originality, execution and measurable results.
Ogilvy Digital accounted for eight awards in total, including a Gold Dragon in the Business & Trade Marketing category, and a Silver Dragon in the Innovative Idea or Concept category. The Agency additionally received six Black Dragons across the categories of Innovative Idea or Concept, Business & Trade Marketing, Content Creation, Small Budget, Event or Experiential, and Brand Trial or Sales Generation.
Commenting on the achievement, Sajith Weerasinghe, Chief Operating Officer of Ogilvy Digital, said, “These recognitions reflect the breadth of capabilities we’ve built across strategy, creative, content, experience design, technology and performance marketing. The fact that the work was recognised across so many different disciplines demonstrates our ability to apply creativity to a wide range of business challenges and objectives. We’re proud that this achievement spans multiple clients, categories and types of work, reflecting both the versatility of our people and our commitment to delivering results.”
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