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Workshop on Procurement Planning by Open University’s Faculty of Management Studies

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Prof. Nalin Abeysekara
Dean Faculty of Management Studies

R.H. Asari Tharuka Perera
Programme Coordinator
M.Sc. in Public Procurement and Supply Chain Management

The Open University of Sri Lanka (OUSL) is a pioneering national university in Sri Lanka designed to provide education through open and distance learning methods. The Faculty of Management Studies of the Open University Sri Lanka has over 40 years of experience in offering a variety of programs including master’s programs, degree programs, certificate courses, diplomas and postgraduate degree programs.

Recently, it launched a new postgraduate degree program, MSc in Public Procurement and Supply Chain Management. This program is for individuals seeking a postgraduate qualification in public procurement and supply chain management. A distinctive feature of this program is its status as the first postgraduate qualification offered in public procurement in Sri Lanka.

Beyond its typical academic role, this program contributes to creating a platform for discussing the importance of public procurement and supply chain management in both the public and private sectors in Sri Lanka. Efficient and transparent public procurement is crucial for the effective functioning of governments. It ensures that public funds are used responsibly, promotes fair competition among suppliers, and contributes to economic development. The unique selling proposition (USP) of this program is the combination of public procurement and supply chain management with practical discussions with industry experts.

More importantly in Sri Lanka at the moment there is a debate within society on public procurement aligned with, corruption, lack of competition, and complex regulations. In the context of public procurement, ensuring good governance is crucial to prevent corruption, promote fairness, and achieve value for money. Implementing transparent and accountable procurement practices contributes to overall good governance within a country or organization.

All stakeholders in the country must address these challenges to ensure the effectiveness of public procurement processes. To address this problem the Faculty of Management Studies plans to organize a series of workshops with procurement specialists in Sri Lanka. The first workshop was conducted with industry experts, professionals, and academics in procurement and supply chain under the theme of ‘Procurement Planning’ was held on January 25, 2024, at the Water’s Edge Battaramulla. The learning partners for the MSc in Public Procurement and Supply Chain Management also actively participated in the event.

Mrs. P. Sujeewani Muthunayaka, Assistant General Manager (Procurement Planning and Monitoring) at the National Water Supply and Drainage Board, was invited as the chief guest for this event. During her speech, she discussed the simplification of procurement and supply chain processes, sharing her valuable experiences with the audience. She explained the procurement planning process of the Water Board and emphasized the importance of research and development, as well as effective collaboration between local and foreign contractors for the success of projects.

Mrs. Muthunayaka brought numerous examples to the table while illustrating the role of technology in the simplification process of procurement planning. Significantly, she shared the success story of the NRW (Non-Revenue Water) project, highlighting the reduction of unauthorized water connections and administrative losses. Furthermore, she elaborated on the adaptation of E-procurement and the simplification of the procurement planning process at the National Water Supply and Drainage Board in Sri Lanka.

During this event, OUSL, positioning itself as a responsible academic institution committed to societal improvement, proudly announced the initiation of the Procurement and Supply Chain Consultative Committee. This marks a crucial step in fostering collaboration between academia and industry to shape the future of learning partnerships and make a meaningful impact on the industry landscape.

Professor Nalin Abeysekera, Dean of the Faculty of Management at OUSL, declared that Mr. Ivan Tissera, a member of the National Procurement Commission, and Mr. I.G. Perera, a Supply Chain and Lean Management Specialist, would serve as co-chairs of The Procurement and Supply Chain Consultative Committee.

The “Procurement Planning” discussion forum was conducted with the participation of specialist panel members: Mr. Christy Perera, Advisor for National and International Procurement; Mr. Emmanuel Susitha, General Manager of Support Services at Star Garments Group; and Mr. Sameera Landekumbura, Senior Manager of Procurement at Siam City Cement Lanka Ltd. The forum was moderated by Mr. I.G. Perera, a Supply Chain and Lean Management Specialist.

In the discussion forum, participants primarily engaged in discussing timely topics related to procurement planning. The panel discussion provided insightful ideas into the procurement planning processes across various business activities. They emphasized the significance of market research in the procurement planning process and delved into the risks associated with the process, along with strategies for risk mitigation.

The conversation then shifted to current issues in the apparel industry, exploring procurement and supply chain strategies to address the challenges faced. Additionally, the panel paid particular attention to a crucial topic E-Procurement and highlighted the need for Sri Lanka to transition towards e-procurement in the future. The discussion forum subsequently focused on the sustainability of procurement planning. This discourse was enriched with expert insights, shedding light on how Sri Lanka, as a country, can develop a robust procurement system for good governance.

Furthermore, Dr. S. Sridharan, the Deputy Director General of Health Services Planning at the Ministry of Health, shared valuable practical experience in public procurement and planning. His insights not only clarified the complexities of the field but also provided a unique healthcare-oriented perspective. The exchange of ideas during the session undoubtedly broadened the audience’s knowledge, fostering a more comprehensive appreciation for effective procurement strategies in the public sector.

The workshop was honored by the presence of distinguished guests with the blessings of senior Professor P.M.C Thilakarathne, Vice Chancellor of The Open University of Sri Lanka., Professor Nalin Abeysekara, the Dean of the Faculty of Management Studies and Dr. S. Sapukotanage, Head of the Department of Marketing Management. More importantly, the entire M.Sc. program in Public Procurement and Supply Chain Management is conducted by specialists in procurement and supply chain management with international experience.



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CEB urged to revise Draft Long Term Generation Expansion Plan, in view of renewable energy needs

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Damitha Kumarasinghe

By Ifham Nizam

The Public Utilities Commission of Sri Lanka (PUCSL) has instructed the Ceylon Electricity Board (CEB) to revise its Draft Long-Term Generation Expansion Plan (LTGEP) 2025-2044, incorporating more robust projections for renewable energy and battery storage, while also reassessing LNG infrastructure and procurement strategies.

The Island Financial Review reliably learns PUCSL Director General Damitha Kumarasinghe emphasized the need for “more robust and realistic cost assumptions for Renewable Technologies and Battery Energy Storage Systems (BESS).”

The Commission stressed that BESS should be valued not just as a renewable integration tool but also for its potential to mitigate power shortages.

The directive also calls for revisions in LNG infrastructure planning, including “a comprehensive analysis covering LNG fuel cost calculation, infrastructure development, procurement contracting options, and risks associated with supply and procurement.” PUCSL has specifically highlighted the importance of evaluating the financial and economic feasibility of a natural gas pipeline from Kerawalapitiya to Kelanitissa.

Kanchana Siriwardena, Deputy Director General – Industry Services, reinforced the Commission’s stance on renewable energy, stating that “further reductions in renewable energy curtailment should be explored by incorporating more BESS.”

The PUCSL’s instructions also mandate incorporating clauses from the Memorandum of Understanding (MoU) with Petronet India, which includes a temporary LNG supply for the Sobadhanavi Plant. The revised LTGEP must also factor in infrastructure costs related to the Floating Storage Regasification Unit (FSRU) and pipeline networks as part of the overall LNG cost calculation.

The CEB is expected to resubmit the revised plan for PUCSL’s approval, ensuring alignment with Sri Lanka’s long-term energy security and sustainability goals.

The PUCSL directive also calls for a comprehensive evaluation of various LNG procurement options and associated risks. These include:

LNG infrastructure development and expansion

Contracting options for LNG procurement

Risks related to LNG supply and procurement stability

Robustness of natural gas demand calculations

Economic feasibility of the proposed natural gas pipeline from Kerawalapitiya to Kelanitissa, given the low plant factors of power stations at Kelanitissa.

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Nations Trust Bank ends 2024 with strong performance, achieving 24% ROE

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Nations Trust Bank PLC reported strong financial results for the twelve months ending 31st December 2024, achieving a Profit After Tax (PAT) of LKR 17 Bn, up 46% YoY.

Nations Trust Bank, Director & Chief Executive Officer, Hemantha Gunetilleke, stated, “The Bank’s performance for the twelve months ending 31st December 2024 showcases our continued growth and expansion across diverse customer segments. Our solid capital position, strong liquidity buffers, effective risk management frameworks, and steadfast commitment to service excellence and digital empowerment remain the key drivers of our success.”

Improvements in the macro-economic environment and successful management of the Bank’s credit portfolio resulted in total impairment charges decreasing by 69% and the Net Stage 3 ratio reducing to 1.6%.

The Bank’s financial performance is supported by its strong capital buffers, with Tier I Capital at 21.47% and a Total Capital Adequacy Ratio of 22.66%, well above the regulatory requirements of 8.5% and 12.5%, respectively.

A strong liquidity buffer was maintained with a Liquidity Coverage Ratio of 320.56% against the regulatory requirement of 100%.

The Bank reported a Return on Equity (ROE) of 24.22%, while its Earnings Per Share for the twelve months ending 31st December 2024 increased to LKR 50.82, against LKR 34.70 recorded during the same period last year.

Nations Trust Bank PLC serves a diverse range of customers across Consumer, Commercial and Corporate segments through multi-channel customer touch points spanning both physical and digital. The Bank is focused on digital empowerment through cutting-edge digital banking technologies, and pioneered FriMi, Sri Lanka’s leading digital banking experience. Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka with market leadership in the premium segments.

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Modern Challenges and Opportunities for the Apparel Industry: JAAF drives industry dialogue

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The Joint Apparel Association Forum (JAAF), in collaboration with Monash Business School and the Postgraduate Institute of Management (PIM) successfully hosted the International Conference on the Apparel Industry 2025 recently in Colombo. This was the second time the event was held, following its inaugural edition in 2018, as part of JAAF’s commitment to fostering dialogue and collaboration within the global apparel sector.

Themed “Modern Challenges and Opportunities for the Apparel Industry”, the three-day event brought together industry leaders, academics, and sustainability experts to discuss pressing issues such as ESG (Environmental, Social, and Governance) compliance, circular economy strategies, technological advancements, and workforce transformation.

A key highlight of the event was the panel discussion on “Current Actions and Their Impact on ESG-Related Outcomes in the Apparel Industry,” featuring:

Felix A. Fernando – CEO, Omega Line Ltd.

Nemanthie Kooragamage – Director Group Sustainable Business, MAS Holdings

Gayan Ranasinghe – Control Union,

Chamindry Saparamadu – Director General/CEO, Sustainable Development Council

Pyumi Sumanasekara – Principal Partner, KPMG Sri Lanka

Discussions emphasized how Sri Lanka’s apparel industry is adapting to global ESG standards, incorporating sustainable production methods, and aligning with evolving regulatory frameworks.

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