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New laws in offing to benefit Sri Lanka’s student population – Education Minister

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From Left - TRCSL Director General Madhushanka Dissanayake, Minister of Education Dr. Susil Premajayantha, chairman TRCSL Dr Dharmasri Kumaratunge, Director, Hutchison Asia Telecommunications (HAT), Ms. Anne Chen, CEO, Hutchison Telecommunications Lanka (HUTCH Sri Lanka), Saumitra Gupta, Additional Secretary, School affairs, Ms. Udara Dikkumbura, General Manager, Corporate Affairs Mangala Bandara.

By Ifham Nizam

Plans are underway to introduce new laws for the benefit of the 4.3 million student population of Sri Lanka, Education Minister Dr. Susil Premajayanthsa said.

Speaking at the “Uplifting Education through Sustainable Mobility” program launched by Hutch Sri Lanka at the Taj Samudra Hotel recently Premajayantha stressed that the country is in a transformation process in education.

Premajayantha added: ‘Even in Britain one cannot find age old laws in the education system. It is high time to transform education in the country. There would be pilot projects shortly covering 17 schools.

‘The government is aiming to link 1250 cluster schools countrywide within two years. Within 10 to 15 kilometres there would be a school with all the facilities.

‘Sri Lanka is successful in achieving IMF targets and would start re-paying loans in 2027.’

Hutch aims to donate 130 e-bikes to teachers in rural schools in partnership with the Ministry of Education.

Premajayantha further explained: ‘This generous contribution of 130 electric bicycles to our rural schools, with further prospects for additional units, helps to further our shared vision for a sustainable future through a functional, adaptable and sound education system.

‘As we aim to integrate sustainability into the fabric of our educational system, partnerships like this one underscore the pivotal role of corporate entities in fostering community development and educational empowerment.

‘I commend HUTCH for their unwavering commitment and look forward to more collaborative efforts that advance our national educational goals with a focus on sustainable solutions.

‘Today the government with its focused program to rebuild the country has accumulated foreign reserves of nearly USD 5 billion.

‘With the increase in tourist arrivals and the foreign exchange coming from remittances and increased FDIs, Sri Lanka would be able to further increase reserves.

‘With these foreign currency inflows, the Central Bank will be in a stronger position to release exchange for debt servicing by 2027.

‘All import restrictions sans motor vehicles have now been lifted while the country’s economic ratings too have increased.’

The e-bikes were officially handed over at a ceremony, with Education Minister Dr Susil Premajayantha present as the Chief Guest. Among the other guests were, chairman, Dr Dharmasri Kumaratunge and Director General Madhushanka Dissanayake of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL). Representing HUTCH were the Director of Hutchison Asia Telecommunications (HAT), Ms Anne Chen, who made a special visit to the island for the occasion and the CEO of Hutchison Telecommunications Lanka (HUTCH Sri Lanka) Saumitra Gupta.

Speaking at the event Saumitra Gupta said: ‘At HUTCH, we’re dedicated to sustainable practices, community upliftment and advancing technology. This project signifies our commitment to benefit the wider community, particularly in education. It’s just the beginning, we’re gearing up for more contributions to sustainable mobility. With initiatives like this, we strive for lasting impact, promoting inclusivity and sustainability.’



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DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth

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DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.

Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.

A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.

Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”

DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.

The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.

As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.

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Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy

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Cutting the cake for outlet number 100 - a symbol of urban commercial revival set against a backdrop of wider household economic recovery.

By Sanath Nanayakkare

On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.

This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.

Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.

International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.

This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.

The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.

Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.

As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.

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Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day

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Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior

redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.

The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.

100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.

The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).

The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.

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