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“Sri Lanka can strengthen its position in the Global Market through new product development” – President

Published

1 year ago

2025/01/9

Priyan

President Anura Kumara Disanayake emphasized that Sri Lanka can enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities. He made these remarks today (08) during the official launch of the “National Initiative for R&D Commercialization” held at the Presidential Secretariat.

As part of the initiative, the newly developed website nirdc.gov.lk was also launched. This platform aims to facilitate the commercialization of research and development, thereby contributing to sustainable economic growth through the production of value-added goods and services, which will ultimately drive national economic development and social progress.

The President pointed out that while grassroots-level innovators do emerge in Sri Lanka, there has been a lack of adequate mechanisms to properly support, nurture, and commercialize their ideas. He stressed the need to create an enabling environment for free and innovative thinking, backed by an efficient system to channel these ideas into productive outcomes. With such a framework in place, Sri Lanka can transform itself into a hub of innovation.

Historically, the country has allocated a mere 0.12% of its annual GDP for research and development. Despite Sri Lanka’s abundance of natural resources, there has been limited focus on utilizing research to generate economic benefits. However, with the new government in place, a significant number of local and international investors have shown keen interest in investing in Sri Lanka. The government aims to capitalize on this momentum by efficiently managing investments to spur economic growth without delay.

The recently established Ministry of Science and Technology has already begun implementing a long-term, well-structured R&D strategy. The immediate priority will be to convert near-complete or completed research projects into marketable, value-added products and services, providing a quick boost to the economy.

To support this effort, the “National Initiative for R&D Commercialization (NIRDC)” has been established, chaired jointly by the Secretary to the President, Dr. Nandika Sanath Kumanayake, and Senior Advisor to the President, Prof. Gomika Udugamasooriya. The initiative includes a committee comprising experts from diverse fields such as scientific research, industry, economics, law, arts, and indigenous heritage.

During the event, President Disanayake highlighted that while human needs remain constant, the methods of fulfilling those needs evolve. He noted that innovation and new product development are key to shaping those new methods.

Addressing past shortcomings, the President observed that Sri Lanka’s outdated approach to technology and innovation has hindered its ability to compete in the global market. Despite technological advancements driving a shift in global market trends, Sri Lanka remains trapped in traditional sectors like tea, coconut, and rubber.
President Disanayake further underscored that globally leading companies have succeeded by integrating innovation with technology, noting that five out of the world’s top ten companies are technology-based.

He pointed out Sri Lanka’s past neglect of technology as a key economic driver, contrasting it with developed countries that prioritized technological advancements and achieved significant economic growth.

The President concluded by stating that eradicating poverty is essential not only to eliminate social suffering but also to restore the rights of marginalized communities. He asserted that through innovation, the rural poor can be empowered by ensuring their right to economic participation and access to information, which will ultimately improve their quality of life.

Expressing his views, Senior Advisor to the President, Prof. Gomika Udugamasooriya stated:

Up to now, research and development (R&D) outcomes in Sri Lanka have not been effectively integrated into the economy. Under this new program, efforts will be directed towards commercializing R&D, enabling economic growth and fostering social development to build a sustainable economy.

The event was graced by a distinguished gathering, including Prime Minister Dr. Harini Amarasuriya, Ministers Sunil Handunnetti and Wasantha Samarasinghe, Professor Anil Jayantha Fernando and Professor Chrishantha Abeysena, Deputy Ministers Chathuranga Abeysinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Central Bank Governor Dr. Nandalal Weerasinghe, Senior Additional Secretary to the President Russel Apponsu, university vice-chancellors and representatives, heads of state and private research institutions, investors, entrepreneurs, industrialists, and senior executives from banks and financial institutions.

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Zalmi favourites in final but Kingsmen arrive with odds-defying juju

Published

8 hours ago

2026/05/3

Priyan

Peshawar Zalmi trumped Hyderabad Kingsmen in a close thriller earlier in the season [Cricinfo]

The Pakistan Super League will have a popular winner this season. It is either Peshawar Zalmi and their adored leader Babar Azam triumphing at what is his home ground, or Hyderabad Kingsmen, a flawed side that has caught fire at the right moments to defy odds to stay alive until the very end.

In Zalmi, there is a team that, with its relentless consistency all tournament, cricketing logic dictates should be the favourites. But in Kingsmen, there is a team Pakistanis can relate to so deeply, one that starts poorly, fixates on impossible scenarios, takes advantage of net run rates, and pulls victories out of dead-and-buried scenarios with what feels like unstoppable momentum on its side. This is the team for whom Pakistani logic will promise that the favourites tag is just another mere obstacle to bulldoze past.

Zalmi have the ingredients a league-winning side needs to possess. The top two run-scorers in the league, as well as the top wicket-taker, all wear yellow. Babar and Kusal Mendis’ phenomenal consistency frees up Mohammad Haris at the top for a free hit in the powerplay, and sets up enough of a platform to take the pressure off the rest.

Sufiyan Muqim, well clear of everybody else on the wickets chart, can derail any batting line-up in his current form, while Iftikhar Ahmed has proved a surprise success with the ball this year. In Ali Raza, Zalmi have perhaps the most valuable emerging player, and certainly the quickest. Oh, and Bangladesh fast bowler Nahid Rana is back for the final after being given dispensation by the BCB.

But Kingsmen, how do you analyse this side? They have Hunain Shah, the scripter of so many of their great moments. That inswinging yorker against Rawalpindiz that secured qualification, those five more in the final over against Islamabad United to seal one of the great PSL wins. They have Usman Khan, no torque and all muscle, like a Bentley stripped for parts and repurposed as a crude battering ram, a cricketing specimen that just isn’t meant to be successful, and has somehow found its ecological niche over the past fortnight.

They have Marnus Labuschagne, a captain who had never put on a T20 armband before, yet lost himself in the magic of Friday night, charging across the field before emotion overcame him. Someone who has, over the past month, come to understand what cricket in Pakistan is all about, and thrown himself into it with the zeal of a convert.

Momentum and destiny, all appears to lie with the Kingsmen. They have now won seven of their last eight, and found multiple matchwinners in that time. They may not have the completeness of Zalmi, but they will perhaps sense that adversity hasn’t touched their opposition in the way it has tested them. If they can turn this into a game of nerves, Kingsmen have the experience to come through in a way Zalmi might not.

Most importantly, though, a PSL season largely lost to empty stadiums offered a reminder on Friday of how much match-going crowds add to the value of a contest. Most of this season may not have been a classic, but with spectators now watching on, the league is quickly making up for lost time.

Babar Azam is the leading run-scorer of the tournament, one run away from becoming the leading run-scorer in any PSL season. Having endured the roughest patch of his career, something appears to have finally clicked for his T20 game. Across this season, he has become a complete T20 batter rather than the staid accumulator he was for much of his career. Mendis’ form may have helped, but Babar’s form has only grown. In front of an adoring crowd that will, in large part, have come to see him, the Zalmi captain has the chance to secure a legacy-building win that may yet give his international career a second wind.

He may not be in the touch Kingsmen wish, but few would barrack against Glenn Maxwell in the biggest games. So far, Maxwell has played little more than a bit-part role, primarily with the ball, where he has offered genuine value. However, when Kingsmen battled to stay alive in their final group game, he offered a well-timed reminder of how high his ceiling remains in a 37-ball onslaught that fetched 70, and gave his side the cushion to get the huge net run rate win they needed. Pakistani cricket loves a wildcard, and in Maxwell, Kingsmen have the ultimate ace they can play on Sunday.

Rana has arrived in Pakistan and will take his place in the starting XI. That could squeeze Khurram Shahzad out. No other changes are expected.

Peshawar Zalmi (probable) Mohammad Haris (wk), Babar Azam (capt), Kusal Mendis, Michael Bracewell, Abdul Samad, Aaron Hardie, Iftikhar Ahmed, Farhan Yousaf, Nahid Rana, Sufyan Moqim, Mohammad Basit

Kingsmen will go in with an unchanged side.

Hyderabad Kingsmen (probable): Maaz Sadaqat, Marnus Labuschagne (capt), Saim Ayub, Usman Khan (wk), Glenn Maxwell, Kusal Perera, Irfan Khan, Hassan Khan, Hunain Shah, Mohammad Ali, Akif Javed

[Cricinfo]

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Heat Index at ‘Caution level’ at some places in the Northern, North-central, Eastern, Sabaragamuwa, North-western provinces and in Colombo, Gampaha and Monaragala districts during the day time

Published

16 hours ago

2026/05/3

Priyan

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 02 May 2026, valid for 03 May 2026

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, Eastern, Sabaragamuwa, North-western provinces and in Colombo, Gampaha and Monaragala districts during the day time.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on the human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED

Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

Latest News

Oil tanker hijacked off the coast of Yemen and taken towards Somalia

Published

16 hours ago

2026/05/3

Priyan

Gulf of Aden [File pic BBC]

Somali pirates have hijacked an oil tanker off the coast of Yemen, according to multiple Somali security officials that spoke with the BBC.

The Yemeni coastguard earlier said the tanker MT Eureka had been hijacked and was headed towards Somalia. Sources said it was overrun by pirates in the Gulf of Aden, near the port of Qana.

The pirates departed a remote coastal area near the seaside town of Qandala, which sits on the Gulf of Aden, according to three separate security officials from the semi-autonomous Puntland region who spoke with the BBC.

It marks the second hijacking of an oil tanker in the area in a 10-day period, following the hijacking of Honor 25 by Somali pirates on April 22.

Honor 25 was carrying 18,500 barrels of oil bound for Mogadishu.

MT Eureka was sailing on the flag of the west African nation of Togo prior to the hijacking and was overrun by the gunmen at 5:00 AM local time (03:00 BST) this morning, the security official went on to tell the BBC.

It is now sailing in the Gulf of Aden between Yemen and Somalia, and is expected to anchor in Somali waters in the coming hours.

In a separate incident, the United Kingdom Maritime Transportation Operation (UKMTO) reported on Friday that “armed persons” on a “skiff” approached a bulk carrier near Al-Mukala, Yemen.

Those armed persons departed a remote coastal area near the fishing town of Caluula (Alula), according to three separate security officials. Caluula is 209km (130 miles) from where hijackers departed to seize the MT Eureka.

The two separate incidents indicate piracy is expanding across Somalia’s vast coastline, which is the longest in mainland Africa at 3,333km (2071 miles).

Today’s hijacking marks the fourth successful pirate hijacking in two weeks.

Somali authorities and the European Union Naval Force (EUNAVFOR), which oversees anti piracy operations in Somali waters, are yet to address the latest hijacking.

Somali piracy, which was on the decline since 2011, has surged again since late 2023, when Houthi rebels began attacking ships in the Gulf of Aden and Red Sea. The attacks forced international navies to instead tackle the Houthi threat, thus allowing armed groups on the Somali coast to take advantage of the security lapse.

“The on-going crisis with the pirates is much worse than many realize. There are increasing movements (of armed groups) all over the coast” a security official from the semi-autonomous Puntland region told the BBC.

[BBC]