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Reopening schools in the New Normal: Key focus areas for Sri Lanka

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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).



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A Historic First: Sri Lanka’s capital market leaders bring investor forum to Saudi Arabia

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Key dignitaries at the Saudi investor forum

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), in association with the Embassy of Sri Lanka to the Kingdom of Saudi Arabia, successfully convened an investor forum on Saturday 24th January 2026 at the Radisson Blu Hotel, Riyadh Convention & Exhibition Center. Alongside the forum, the SEC and CSE facilitated a meeting with the Public Investment Fund (PIF) which is Saudi Arabia’s main sovereign wealth fund.

The forum was organized to engage directly with the vibrant Sri Lankan expatriate community in the Kingdom and international investors, highlighting compelling opportunities within Sri Lanka’s capital market following the country’s successful exit from sovereign default and restoration of macroeconomic stability.

The forum was marked by the presence of several senior level policy officials, market leaders and market regulators including; Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL); Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development; Ameer Ajwad Ambassador of Sri Lanka to the Kingdom of Saudi Arabia.; Senior Prof D.B.P.H. Dissabandara, Chairman of the SEC; Ray Abeywardena, Director of CSE; and Dr. Naveen Gunawardane, Co-Founder and Managing Director of Lynear Wealth Management.

In his welcome address, Ameer Ajwad stated, that a significant opportunity remains in broadening public participation in the capital market of Sri Lanka. As financial literacy and investment awareness among potential investors are limited, the investor forum would serve to bridge the knowledge gap. The forum offered an excellent opportunity for first-time investors, overseas investors, and those seeking to enhance their knowledge, to learn how to invest prudently, manage risk, and build wealth with discipline and confidence. Ambassador invited participants to make full use of the presence of high-level authorities from Sri Lanka’s key financial institutions, such as the Central Bank of Sri Lanka, the SEC, and the CSE, and to explore investment opportunities in Sri Lanka’s capital market, not only as a pathway to financial growth but also as a meaningful contribution to Sri Lanka’s resilience and long-term prosperity.

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CIC Holdings’ 9MFY26 revenue reaches Rs.70 bn

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Agriculture-rich diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded a consolidated revenue of Rs. 70.28 billion for the nine months ended 31 December 2025 (9MFY26), reflecting an increase of 8.69% YoY compared to the corresponding period of the previous year.

The Group’s gross profit increased by 10.11% to Rs. 18.42 billion, with the gross profit margin for the period under review improving to approximately 26%, supported by disciplined pricing and product mix optimisation. Profit after tax (PAT) increased to Rs. 5.97 billion from Rs. 5.70 billion in the corresponding period of the previous year, despite losses incurred in parts of the Group’s agri operations following the impact of Cyclone Ditwah, which disrupted cultivation activity during the Maha season.

The Group’s Crop Solutions sector remained the largest contributor to consolidated revenue, accounting for approximately 44.7% of total revenue, followed by Livestock Solutions at 21% and Health & Personal Care at 20.18%. The remaining sectors, Industrial Solutions and Agri Produce, contributed 8.6% and 6.4% to Group turnover respectively. Health and Personal Care , particularly export-driven product lines, recorded improved performance during the period, alongside continued growth in feeds, poultry, and veterinary care solutions, which supported the Group’s overall operating results.

Despite cyclone-related disruption to cultivation cycles, the Group delivered a strong operating performance, with EBITDA and operating profit (EBIT) both recording year-on-year growth. Operating profit (EBIT) closed at Rs. 9.67 billion, compared to Rs. 8.62 billion in the corresponding period of the previous year, reflecting the strength of the Group’s diversified portfolio and disciplined cost management.

During the period in review, key Group businesses across the five industry sectors, namely Crop Solutions, Agri Produce, Livestock Solutions, Industrial Solutions, and Health & Personal Care, continued to perform resiliently. Crop Solutions revenue increased from Rs. 28.06 billion to Rs. 32.32 billion, while Livestock Solutions revenue grew from Rs. 13.35 billion to Rs. 14.60 billion. Health & Personal Care revenue improved from Rs. 14.29 billion to Rs. 14.46 billion, supported by herbal health product exports and steady domestic demand. Revenue from Agri Produce increased from Rs. 4.35 billion to Rs. 4.64 billion, while Industrial Solutions revenue rose from Rs. 6.07 billion to Rs. 6.28 billion.

Commenting on the performance, CIC Holdings Group CEO Aroshan Seresinhe said, “Despite the disruption caused by Cyclone Ditwah to agricultural activity during the Maha season, the Group remained focused on supporting farming communities through well clean-up operations, field renovation, and the restoration of cultivation activity.

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CSE regains some of its bullish verve as turnover hits Rs.11 billion

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CSE trading reflected a bullish trend yesterday due to positive quarterly corporate earnings coupled with lower Treasury Bill yields, market analysts said.

Further, institutional participation contributed more than 50 percent to the day’s turnover.

Amid those developments both indices moved upwards. The All Share Price Index went up by 63.67 points, while the S and P SL20 rose by 12.58 points.

Turnover stood at Rs 11.1 billion with10 crossings. The top seven crossings were: JKH 189.5 million shares crossed to the tune of Rs 4.2 billion; its shares traded at Rs 22.70, HNB 3.5 million shares crossed for Rs 1.48 billion; its shares traded at Rs 422, Hemas Holdings 11 million shares crossed for Rs 376.2 million; its shares traded at Rs 34 20, Commercial Bank 1.5 million shares crossed for Rs 336.8 million; its shares traded at Rs 224.50, Sampath Bank 600,000 shares crossed for Rs 93.6 million; its shares sold at Rs 156, Laugfs Gas 868,000 shares crossed for Rs 51.6 million; its shares sold at Rs 71 and Sierra Cables 1 million shares crossed for Rs 36.7 million; its shares sold at Rs 36.70.

In the retail market top seven companies that mainly contributed to the turnover were; Ceylon Land Equity Rs 385 million (20 million shares traded), Commercial Bank Rs 373.9 million (1.7 million shares traded), Luminex Rs 247.2 million (26.7 million shares traded), Colombo Dockyard Rs 152 million (one million shares traded), TJ Lanka Rs 152 million (four million shares traded), Easter Merchants Rs 142 million (8.7 million shares traded) and RIL Properties Rs 116.9 million. During the day 441.3 million share volumes changed hands in 44406 transactions.

It is said that manufacturing sector counters, especially JKH, led the market while the banking sector also performed well, especially HNB and Sampath Bank. Further, the capital goods sector too performed well.Yesterday the Central Bank’s US dollar buying rate was Rs 305.78 and selling rate Rs 313.32.

By Hiran H Senewiratne

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