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5G to accelerate digital economy development in Sri Lanka

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As Sri Lanka sets to include the spectrum for 5G in the upcoming frequency auction, the island will embrace 5G technology in the near future. Huawei advocates for accelerating 5G in line with Digital Economy development objectives during the First National Digital Consortia, organized by Information and Communication Technology Agency (ICTA). The week-long event aimed at building ties between multinational organizations, local businesses, local government, and encouraged the leading technology giants to be part of Sri Lanka’s digital transformation.

“Digital transformation is the key driver for the Sri Lanka industrial growth and higher productivity,” Huawei APAC Director of Industry Ecosystem Engagements, Konesh Kochhal highlighted that advancing Telecom and ICT technologies are key foundation enablers to achieve Digital Aspirations in Sri Lanka.

Whilst Sri Lanka has identified ‘Building a Technology-based society’ as a key national initiative in its National Policy Framework (NPF) named “Vistas of Prosperity and Splendour”, there are wider opportunities and room available in Sri Lanka for improvements even in more digitally mature sectors for digital transformation. A country needs to decode its National Strengths, prioritize digital developments, embark on vertical Industry digitalization, and leverage best practices through measurements, transparency, and collaborations. Kochhal highlighted that focused digital economy driving programmes such as Tech Industry development, Startup Ecosystem Development, Technology Diffusion, Capacity Building, and Regional Cluster Development defined in the ICTA’s Digital Economy Strategy are spot on and will be absolute essential for driving digital transformation of Sri Lanka.

Sri Lanka’s government has pledged to meet the Sustainability Development Goals of the United Nations. A digital economy with efficient digital infrastructure and skilled workforce will attract more investment and broaden trade relationships. Explaining on early 5G experience in several countries and the success of the digital economy, there have been studies showing that a 20% increase in ICT investments will lead to a 1% increase in GDP growth. In terms of investment efficiency, the ROI of ICT investments is 6.7 times higher than that of non-ICT investments. In addition, the global digital economy is growing 2.5 times faster than the global GDP.

In the past 10 years, the proportion of the digital economy in the global GDP has increased from 11% to 15%, according to experts. In the next 10 years, the proportion is expected to reach 24.3%, equivalent to $23 trillion US dollars in value. Thus, ICT technology investment and digital transformation will affect the entire economic and industry aspects. Nowadays, industries are experiencing digital transformation. More than 75% of the top 500 enterprises will transform the traditional business model into ICT digital service provider. Leading enterprises of various industries are already using digital or cloud technology, to innovate business & operating models, improve efficiency and experience, and benefit from digital dividends.

“The digital economy is characterized by fast growth, active innovation, and a wide impact, and it is becoming a key aspect in developing a new structure and mechanism for economic development. Currently, more than 170 countries have digital strategies” he said adding that “5G is not just a faster Internet connection for your smartphone, but that It is the foundation of tomorrow’s digital economy, powering everything from banks to hospitals to civil aviation and the management of cities. If 5G is going to support tomorrow’s complex digital systems, those systems must be made secure”.

Further elaborating on Sri Lanka’s present digital economy strategy, Kochhal highlighted that whilst ICTA’s Digital Economy Strategy includes utilizing existing programs and all relevant ecosystem partners to develop and implement an integrated Digital Economy transformation through higher operational efficiency, lower costs, and better services and outcomes for its citizens, there is still room for improvements even in more digitally mature sectors for digital transformation.

“Digitalization is fundamental to digital economy and it is important to develop infrastructure of telecommunications and ICT. Therefore encouraging the telecommunications and ICT sector development to expand along with inclusive growth will make Sri Lanka Digital. Technology investments could be adapted to address issues of national as well as regional importance and will also help Sri Lanka move up the technological ladder. Given current 4G penetration and experience in Sri Lanka, the immediate priority is to accelerate strengthening of the 4G layer both in terms of adoption, improved experience and ensure a robust foundation. As the local ecosystem gears up to accelerate all industry digitalization, people, industrial and enterprise digital demands will rise multi-fold in no time, we believe in order to address this 5G technology is essential to Sri Lanka” he said.

Sri Lanka has already emerged as the first South Asian nation to demonstrate a 5th generation mobile telephony in recent years. Earlier, Sri Lanka has been successful to become the country with the first operator in South Asia to start commercial operations of 4G-LTE services, after introducing 3G in 2006. Switching to 5G technology will encourage Sri Lankans to collaborate and create next-generation IoT and ICT innovations and serve the country’s digital footprint.



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Cabinet approves establishment of two 50 MW wind power stations in Mullikulum, Mannar region

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Adhering to the broad plan of the Government to reach the objective of accomplishing 70% of the country’s electricity supply from renewable energy sources by the year 2030, the approval of the Cabinet of Ministers was granted on 10.02.2025 to invite requests for resolutions from interested developers of the private sector in order to implement the Mullikulum Wind Power – 100 Mega Watts (two (02) wind power stations of
50 Mega Watts each) on the basis of construction, ownership and execution with a monitoring period of 20 years.

Accordingly, requests for proposals have been called to implement the relevant project by adhering to the international competitive bidding methodology, and seven (7) prospective project proposals were submitted.

Evaluating the said proposals, based on the recommendations submitted by the negotiation committee appointed by the Cabinet of Ministers, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Power to award the contracts of establishing the two (02) 50 Mega Watts Wind
Power Stations to Consortium of Vidullanka PLC & David Pieris Motor Company (Lanka) Limited and WindForce PLC.

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UNDP, together with partners, brings together immersive insight into the cruel realities of SGBV

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UNDP 16 Days of Activism against Gender Based Violence held at the Sri Lanka Foundation.

The 16 Days of Activism Against Gender-Based Violence is a global campaign observed annually from 25 November to 10 December, beginning on the International Day for the Elimination of Violence against Women and concluding on Human Rights Day. The campaign aims to raise awareness and inspire collective action to end all forms of violence against women and girls.

This year, in line with this, the United Nations Development Programme (UNDP), together with its key partners through ongoing flagship project initiatives, is taking a unique, never-before-seen approach to advocacy. ‘Through Her Eyes,

wef.aoEiska, அவளின் பார்வையில்’ narrates the heart-wrenching journey of ‘Sara’ in her search for justice through multi-medium storytelling that merges stage theatre, film and creative audio production techniques.

‘Through her eyes’ is in line with three UNDP Sri Lanka projects; Enabling Access to Justice for Victim-Survivors of SGBV in Sri Lanka funded by the Government of Canada and implemented together with UNFPA Sri Lanka; the Support to Justice Sector Project (JURE) funded by the European Union in partnership with the Ministry of Justice, and implemented together with UNICEF Sri Lanka; and the Action and Anticipation for The New Agenda for Peace (AAA) supported through UNDP’s Funding Windows with funding from the Governments of Denmark, Luxembourg and the Republic of Korea.

Commenting on the timeliness of such public activations, Azusa Kubota, Resident Representative, UNDP in Sri Lanka, stated, “As the country recovers from one of its worst natural disasters in its recent history, the focus on gender equality, inclusion, and structural change is more vital than ever. We all know SGBV leaves a deep scar in survivors, those around them and the society they live in. Yet, do we really know what it is like to live through that experience? In a crisis, how do we address root causes of SGBV that get exacerbated? We wanted to mark this year’s 16 days differently – by creating an experience where we, irrespective of our gender, culture, and all other differences, put ourselves in the shoes of those who live through the pain and hardships, and collectively think through ways in which we can tackle persistent challenges confronted by many. Our advocacy efforts aspire towards a nation and world free from SGBV- to achieve gender equality and empower. ‘Through Her eyes’ is a unique experience that is designed to bring this issue in front of a broad demographic audience, by bringing together stakeholders from across the Government, private sector, development partners, youth and CSOs, as we stand together to end SGBV and support Sri Lanka to build back better.”

Sharing the perspective from the Government of Sri Lanka, Minister of Justice Harshana Nanayakkara commented, “Through Her Eyes’ invites us to pause and truly understand the lived realities of survivors. It is a powerful reminder that every survivor who comes forward does so with immense courage. Their pathway to justice must be dignified, safe and free from fear. Ensuring the safety and empowerment of women and girls is not a task that can be achieved in isolation. A holistic approach is vital. Law enforcement, the judiciary, health services, social services, educators, civil society, the private sector and communities must stand together as allies.”

As a key partner, Kiril Iordanov, Head of Cooperation at the High Commission of Canada noted, “Addressing GBV is a shared responsibility. Canada continues to collaborate with partners to design and champion innovative solutions. Our approach is rooted in the belief that promoting gender equality and empowering women and girls has a multiplier effect on development. By placing women and girls at the centre, we contribute to building a more peaceful, inclusive, and prosperous world.”

The Safe Space of this immersive production also highlights the support and work being carried out by the projects, to support better access for justice for victim-survivors of SGBV, capacity building for relevant public sector institutions, media ethics when reporting SGBV and the promotion of male allyship and bystander intervention as a mechanism to eradicate SGBV in Sri Lanka.

Highlighting the priorities of the European Union, Carmen Moreno, Ambassador of the European Union to Sri Lanka and the Maldives, commented, “Gender-based violence endures when access to justice is made difficult by fear, stigma or indifference. This exhibition invites us to understand the experience through the eyes of the victim, and it forces us to question—and dismantle—the barriers that allow violence to continue without consequences. Justice systems Justice systems must act with determination in confronting this problem, but they cannot do so in isolation. Real change requires a society that supports women, recognises the realities of gender-based violence, and refuses to look away.”

In light of the current situation of the country, the event also hosted an interactive dialogue on the theme ‘Delivering Economic Independence for Survivors of Sexual and Gender-based Violence during Crises’ on the sidelines of the event. With participation from key individuals, including the Government, development partners, private sector leaders, civil society organisations and youth groups, the dialogue looked at key areas of Gender-responsive and intersectional crisis planning; protection, safety, and justice built into disaster preparedness and humanitarian response; safeguarding shelter design, ensuring access to health and reproductive services, psychosocial support, and safe reporting mechanisms.

The campaign aims to raise awareness and inspire collective action to end all forms of violence against women and girls. It calls on governments, organisations, and individuals to challenge harmful gender norms, support survivors, and demand accountability from perpetrators.

‘Through Her Eyes, wef.aoEiska, அவளின் பார்வையில்’ is open to the public from the 2nd to 7th of December from 10 AM to 7 PM at the Sri Lanka Foundation Institute.

To know more and engage in the immersive experience: https://go.undp.org/through-her-eyes

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Outstanding AI & Fintech Governance Leadership Award 2025 for Sopnendu Mohanty

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Asian Digital Finance Forum and Awards Convener and Global Fintech Institute (Singapore) Industry Fellow Rajkumar Kanagasingam (left) presents the award to Sopnendu Mohanty during the GFTN Insights Forum held in conjunction with the Singapore FinTech Festival 2025 at Marina Bay Sands, Singapore.

Sopnendu Mohanty, former Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and current Group CEO of the Global Finance & Technology Network (GFTN), has received the Outstanding AI & Fintech Governance Leadership Award 2025 for his global contribution to responsible fintech advancement, cross-border policy innovation, and AI governance.

While the recognition was announced at the Asian Digital Finance Forum & Awards held at Port City Colombo, the formal handing-over ceremony was held recently in Singapore, during the GFTN Insights Forum that took place in parallel with the Singapore FinTech Festival 2025 at Marina Bay Sands Expo & Convention Centre.

Presenting the award, Rajkumar Kanagasingam, Convener of the Asian Digital Finance Forum & Awards and Industry Fellow of the Global Fintech Institute (Singapore), lauded Mohanty’s unique global impact.

“Sopnendu has set global benchmarks in innovation-friendly regulation, Kanagasingam said.

“From cross-border payment connectivity to AI ethics and multi-CBDC frameworks, his leadership has not only shaped Singapore’s fintech ecosystem but has helped entire regions transition into the digital economy responsibly.”

He added that Mohanty’s strategic influence continues beyond regulatory leadership.

“His ability to galvanise central banks, policymakers and innovators onto common platforms is rare. What he built in Singapore is now influencing multiple jurisdictions, and that continuity through GFTN is immensely valuable.”

Serving from 2015 to 2025 as MAS’s inaugural Chief FinTech Officer, Mohanty is widely acknowledged for transforming Singapore into one of the most forward-looking and trusted digital finance environments.

Mohanty has also endorsed Sri Lanka’s initiative to shape the Colombo International Financial Centre (CIFC) at Port City Colombo as a South Asian fintech gateway. He was presented with an interim policy blueprint during the DigiEcon Global Investment Summit.

By Ifham Nizam

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