Business
Reopening schools in the New Normal: Key focus areas for Sri Lanka
The decision to gradually reopen Sri Lankan schools – which have been shut for close to 20 months since COVID-19 first struck – is a welcome move. As of September 2021, 93% of countries had reopened schools either completely or partially, making Sri Lanka one of the last to do so. Previous IPS blogs have pointed to multiple access and quality issues facing the country’s distance education efforts, calling for the establishment of a comprehensive education recovery strategy for the future. The accompanying decision to devote the next six months from November 2021-April 2022 to recovering learning losses, giving precedence to essential syllabus areas and decision-making flexibility to schools, is encouraging news, in this context. This blog provides some insights into the current education recovery practices being adopted globally and draws attention to some important areas that can be incorporated into the current strategies being devised in Sri Lanka.
Monitoring and Preventing School Dropouts
According to a joint UNESCO-UNICEF-World Bank Survey of 143 countries conducted between February – June 2021, only half, and less than a third, of developed and developing countries, respectively, reported that all primary and secondary students returned to schools when reopened. Common methods used to identify and prevent dropouts include school-based tracking mechanisms, financial incentives (cash, food, or transport), waived fees, community engagement programmes, and revised access policies. Brazil’s School Active Search system, for example, brings together local government agencies in education, health, social assistance and planning, to identify, register, and monitor out-of-school children and those at risk of dropping out.
Measuring Learning Losses
Measuring learning loss is an essential first step in mitigating its consequences. According to the joint survey, 58% of countries reported having conducted formative assessments to measure learning loss, while only one-third relied on standardised assessments. Existing research also points to the relative importance of formative assessments to estimate learning losses, as opposed to standardised testing which is more effective in the long-term. Formative assessments are geared towards informing in-process teaching and learning modifications, and include tools such as quizzes, journal entries, essays, and works of art. The focus is largely on remediation interventions and/or re-teaching content from the previous year, foundational skills, and adapting instruction to the level of each student.
Adjusting and Prioritising Curricula
To help students catch up once they return to school, 42% of countries surveyed reported prioritisation of certain areas of the curriculum or certain skills. The most likely areas or skills to be targetted include foundational skills in numeracy, literacy, and socio-emotional resilience. In terms of specific country examples, in Odisha State, India, the Central Board of Secondary Education has reduced the syllabi by 30%, to allow students to focus on a few subjects and learn these well. Bangladesh’s education recovery programme includes a condensed syllabus for the next two years, focussing on important subjects such as mathematics, Bengali, English, and science.
High-Stake Examinations
According to the joint survey, countries introduced several changes to exams, such as adjusting content, changing the number of subjects examined or questions asked, and mode of administration. Cancellation of examinations were limited to high- and upper-middle income countries, ranging from a share of 30% in primary grades to 18% in upper secondary education.
Immediate Focus Areas for Sri Lanka
Although somewhat late, it is encouraging to note that some of these worldwide practices are currently being considered in Sri Lanka too. Along with more concrete details and clearer strategies for implementation, Sri Lanka’s education authorities should focus on the following to minimise further learning loss and safeguard student welfare:
Ensure all children return to school
While boasting commendable enrolment rates at the primary and lower secondary levels, student dropouts at higher education levels is a longstanding problem in Sri Lanka. Post-pandemic dropout rates are likely to be considerably higher, particularly in remote and marginalised areas. It is thus essential that immediate data collection and monitoring is undertaken to initiate action and bring back all students to schools. The country’s well-established decentralised education administration system can facilitate coordination among zonal and divisional education authorities and Grama Niladhari divisions to collect data and work closely with parents and communities, in this regard.
Provide general guidance on curricula adjustments and measuring learning losses, while maintaining flexibility
The intention to focus on revised curricula targets over the next few months and to provide principals and teachers with flexibility in deciding how to cover curricula are welcome moves, given the multiple social, economic, and emotional impacts undergone by children during the pandemic, to significantly varying degrees. Such adjustments, however, need to be based on the extent and nature of learning losses experienced by students, for which conducing formative assessments is key. It is thus best that this flexibility is balanced with some general guidance on essential learning competencies for students around which curricula adjustments can be made, and benchmark diagnostic tests and guidance for teachers to assess student learning, especially in switching from formal to formative type of assessments.
The Ministry of Education should conduct careful evaluations on the timing of and the content to be tested at highly competitive national examinations and establish a new examination policy which is clearly communicated to teachers and students, leaving no room for ad-hoc changes. For instance, given the directive to focus on priority areas of the curricula in the next six-month period, the examinations should also be adapted accordingly. Some options include limiting the grade five scholarship examination to an intelligence test, replacing examinations from grades six to nine with diagnostic tests, and limiting the G.C.E. O-Levels to core subjects.
Link to blog: https://www.ips.lk/talkingeconomics/2021/11/10/reopening-schools-in-the-new-normal-key-focus-areas-for-sri-lanka/
Ashani Abayasekara is a Research Economist at the Institute of Policy Studies of Sri Lanka (IPS) with research interests in labour economics, economics of education, development economics, and microeconometrics. She holds a BA in Economics with First Class Honours from the University of Peradeniya and a Masters in International and Development Economics from the Australian National University. (Talk with Ashani – ashani@ips.lk).
Usha is a Research Assistant currently working on Health, Labour and Education Policy at IPS. She holds a BA in Economics with First Class Honours from the University of Colombo. (Talk with Usha – usha@ips.lk).
Business
Salesforce Startup Program targets Sri Lanka’s high-growth tech sector
Salesforce, the world’s leading AI-powered CRM platform, is set to expand its presence in Sri Lanka with the launch of the Salesforce Startup Program by the end of January 2026, signalling growing confidence in the country’s technology-led growth potential.
The move comes as Sri Lanka consolidates its position as the second-largest startup ecosystem in South Asia after India, with software, data and artificial intelligence-driven ventures accounting for nearly 60 per cent of the national startup base.
Industry observers say this concentration places Sri Lanka at a decisive stage where global exposure and enterprise access could unlock the next phase of scale.
Under the programme, Sri Lankan startups will gain access to Salesforce’s global ecosystem, including AI-powered platforms, business and technical mentorship, joint go-to-market opportunities and connections to enterprise customers, enabling founders to build globally competitive solutions from Sri Lanka.
“Sri Lanka has developed a strong base of technical talent and entrepreneurial ambition that is increasingly visible regionally and globally,” said Arundhati Bhattacharya, President and CEO of Salesforce South Asia.
“Through the Salesforce Startup Program, we aim to help startups move beyond early momentum to global relevance while delivering long-term economic impact,” he added.
He also said the initiative builds on the success of its Startup Program in India and Singapore, which today supports over 435 startups, including more than 230 AI-first companies. Several participants have expanded across Asia and beyond by building products natively on the Salesforce platform.
Responding to queries, he said Sri Lanka is also emerging as an important enterprise market for Salesforce, with major corporates such as John Keells Holdings and Cinnamon Hotels adopting the platform to modernise customer engagement, sales, marketing and loyalty management operations.
In parallel, Salesforce is strengthening the country’s digital talent pipeline through its Trailhead learning ecosystem, with plans to skill nearly 1,000 learners over the next year via local workforce development partners and community-led cohorts.
Chamil Madusanka, Head of Salesforce Practice and Salesforce Architect, said the programme arrives at a critical juncture for Sri Lanka’s startup ecosystem.
“Sri Lankan founders are increasingly building AI, data and enterprise software solutions with global relevance,” Madusanka told The Island Financial Review.
“What many startups need is structured access to enterprise customers, global mentorship and market exposure. This initiative creates that bridge, enabling local companies to scale faster while remaining rooted in Sri Lanka.”
He said the Startup Program is designed to act as a connective platform, bringing together startups, enterprises, technology partners, universities and developer communities to accelerate collaboration and innovation.
By Ifham Nizam ✍️
Business
Good news on risen foreign reserves exerts buoyant impact on bourse
CSE activities were extremely bullish yesterday following Central Bank Governor Dr Nandalal Weerasinghe’s announcement that Sri Lanka’s foreign reserves had risen to US $ 6.8 billion in December 2025, up US$ 791 million from November 2025.
The Governor provided the estimated economic growth while announcing the Central Bank’s policy agenda for this year.
In December Sri Lanka received budget support loans from the Asian Development Bank and the International Monetary Fund.
Amid these developments both CSE indices moved upwards. The All Share Price Index went up by 226.81 points, while the S and P SL20 rose by 100.01 points. Turnover stood at Rs 12.3 billion with 12 crossings.
Top seven crossings that mainly contributed to the turnover were: Lee Hedges 18.2 million shares crossed to the tune of Rs 3.9 billion; its shares traded at Rs 416, Commercial Bank 2.1 million shares crossed for Rs 467.6 million; its shares traded at Rs 215, Ceylon Hotels 429,000 shares crossed for Rs 128.7 million; its shares traded at Rs 300, LB Finance 650,000 shares crossed for Rs 105 million; its shares sold at Rs 152.50, Ceylinco Holdings 31000 shares crossed for Rs 104.5 million; its shares traded at Rs 3400, Melstacorp 200,000 shares crossed tfor Rs 35.7 million; its shares sold at Rs 178.50 and Three Acres Farm 400,000 shares crossed to the tune of Rs 29.6 million; its shares fetched Rs 740.
In the retail market top seven companies that mainly contributed to the turnover were; Wealth Trust Securities Rs 1.17 billion (55.8 million shares traded), Commercial Bank Rs 509 million (2.4 million shares traded), HNB Rs 370 million (870,000 shares traded), ACL Cables Rs 303 million (three million shares traded), Prime Lands Residencies Rs 283 million (7.9 million shares traded), Lanka Realty Rs 227.5 million (4.7 million shares traded) and HNB Rs 218 million (332,000 shares traded). During the day 223.7 million share volumes changed hands in 55116 transactions.
Yesterday, investor interest in Wealth Trust and banking stocks led to higher activity levels, brokers said. Further, the real estate sector also performed well. Lanka Realty Investments PLC acquired 51 percent of the total number of shares in issue of Lee Hedges, CSE sources said. 13,057,595 ordinary voting shares were bought at Rs 216 each.
Yesterday the rupee opened at Rs 310.12/18 to the US dollar in the spot market, weaker from Rs 310.05/15 the previous day, dealers said, while bond yields opened marginally high.
By Hiran H Senewiratne ✍️
Business
Launch of monograph ‘Development: Not By Economics Alone’
The Gamani Corea Foundation (GCF) is pleased to announce the launch of the monograph Development: Not By Economics Alone by Dr. Nimal Sanderatne, Emeritus Chairperson of the Foundation. The foreword to the publication has been written by Dr. Godfrey Gunatilleke, one of Sri Lanka’s most eminent development economists. The launch ceremony will be held on Friday, 9th January 2026, at 4.00 p.m. at the Horton Lodge.
In this monograph, Dr. Sanderatne argues that development cannot be understood through economic indicators alone. He emphasizes that the quality of human capital depends not only on knowledge and skills acquired through formal education, but also on deeper, non-formal processes embedded in a society’s culture and value systems. These influence human behaviour, shaping work ethics, attitudes to work and leisure, capacity for teamwork, preferences between short- and long-term goals, and patterns of saving and consumption.
Dr. Sanderatne is a distinguished economist and academic, holding degrees from the Universities of London, Saskatchewan, and Wisconsin, and was conferred the Doctor of Science (Honoris Causa) by the University of Peradeniya in 2004.
-
News4 days agoInterception of SL fishing craft by Seychelles: Trawler owners demand international investigation
-
News4 days agoBroad support emerges for Faiszer’s sweeping proposals on long- delayed divorce and personal law reforms
-
Opinion13 hours agoThe minstrel monk and Rafiki, the old mandrill in The Lion King – II
-
News5 days agoPrivate airline crew member nabbed with contraband gold
-
News3 days agoPrez seeks Harsha’s help to address CC’s concerns over appointment of AG
-
Features13 hours agoThe Venezuela Model:The new ugly and dangerous world order
-
Latest News1 day agoWarning for deep depression over South-east Bay of Bengal Sea area
-
News3 days agoGovt. exploring possibility of converting EPF benefits into private sector pensions

