Business
‘Zero Cost’ degree programme with Singapore’s Lithan Academy and HNB
Students able to achieve 100% debt-free degree
JISC Campus, the Authorised Training Partner for Lithan Academy Singapore and part of EduCLaaS (Competency Learning as a Service) Alliance formally launched the “Earn & Learn” degree programme in partnership with Hatton National Bank this week.
Lithan EduCLaaS Global Managing Director Joel Chow, officials from the JISC Campus, HNB and experts from Sri Lanka’s ICT, Education and Banking sectors attended the launch event.
CEO of JISC Campus Wijitha Wijesekera stated that history was being made in Sri Lanka with the unique ‘Zero Cost’ degree programmes which are offered through its ‘Earn and Learn’ Programme. “We offer two globally accredited degree pathways – British B.Sc Hons degrees from the highly prestigious University of Roehampton UK to fulfil a growing need for specialised IT personnel to drive the global economy. Our degrees come with the unique features of guaranteed employment enabling aspiring students to pioneer world class education without borders – and this is yet another first for Sri Lanka.”
The degrees are funded by HNB which will give guaranteed student loans from the first degree year, enabling students to borrow, earn and pay the loan, while retaining a saving even before graduation. “This makes it a 100 percent debt-free degree.”
Chow who explained that Lithan Academy Singapore was offering two in-demand degrees – Software Engineering BSc (Hons) in Computer Science and Digital Business & Marketing BSc (Hons) in Business Management and Marketing, stated that, “With the advent of the global pandemic, the whole world saw a rapid virtual adaption, which also disrupted the conventional operations of educational institutions. But we realised what was happening, and we stepped in. Today, you can learn anything from the world’s best, from anywhere. Finally, education has gone beyond physical attendance and limitations.”
Sri Lankan youth now have the opportunity to engage in distant learning in a virtual campus that offers world-class knowledge and international industry experience. Joining the programme will enter students with foreign batch mates and international academic staff, while also being given attractive internship opportunities in leading international tech firms- with a guaranteed Dollar income by working from home.
Some unique features offered through this programme include a mandatory full-time apprenticeship programme for three years (Year 2 to 4) and paid apprenticeship placements in international tech companies through JISC and Lithan Academy Singapore. In addition to tailor-made student funding through HNB, students may potentially earn up to US$16,200, with a guaranteed minimum earning of US$5,400.
Upon graduation, students may earn a 200-300 percent higher salary compared to academic graduates from conventional universities, thanks to being global-ready with three years of international exposure, and the international network of students and co-workers for a successful future in international business ventures and employment.
Business
‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit
After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.
Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.
This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.
Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”
Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.
Event Details:
Venue: Rise Up, Alwis Place, Colombo 03
Date: Thursday, 4th June 2026
Time: From 6.30 PM onwards
Contact : Shelley +94 77 342 3123
Business
JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute
John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.
Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.
The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.
City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.
Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.
John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.
The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.
Business
RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism
Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.
Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.
Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.
-
Business7 days agoHistoric launch of CCWE Fashion Week & International Summit 2026
-
News5 days agoAll-New GRAVITE launches at LKR 6.99 Mn
-
Features5 days agoThe NPP’s pivot to the past
-
News4 days agoPolice probe underway to ascertain links between criminals deported from UAE and local politicians
-
News3 days agoEaster Sunday carnage: Court told Maulana’s statement cannot be accepted without cross-examination
-
Opinion7 days agoThe need to reform Buddhist ecclesiastical order
-
Features5 days agoEnd of Peacekeeping
-
Opinion3 days agoUndermining the democratic political framework
