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ComBank partners with National Science Foundation to enhance STEM education

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The Commercial Bank of Ceylon has announced a partnership with the National Science Foundation (NSF) to further enhance the Bank’s science, technology, engineering, and mathematics (STEM) education projects and the delivery of STEM education to selected underperforming schools in Sri Lanka.

This initiative in collaboration with the Ministry of Education comes a year after the Bank supported the establishment of 100 STEM smart classrooms island-wide to deliver digitised educational content. Under the MoU signed with NSF, the Bank’s CSR Trust will provide a list of schools to implement STEM projects and deliver logistical support to launch the STEM programme and carry out impact assessments.

Recognising the rapid advancements in technology globally and the increasing demand for skilled professionals in the STEM fields, the Bank said its CSR Trust chose to implement this project to prioritise STEM education in the local education system.

For its part, the NSF will recommend schools deserving of STEM education support, assist the Bank in selecting and evaluating education projects which would yield impact at national level, assist the Bank to design the training programme, and perform impact assessments after the implementation of the STEM programme.

Both parties will identify and implement interventions to address specific requirements of selected schools chosen for the programme, among their other responsibilities listed in the agreement.

Commenting on this latest STEM education programme, Commercial Bank Chief Financial Officer Mr Nandika Buddhipala said: “The Bank decided to expand its efforts in the field of STEM education because this will help prepare students for the jobs of the future. Many of the fastest-growing and highest-paying jobs in the modern economy are in STEM fields such as computer science, engineering, and data analysis. By providing students with a strong foundation in these subjects, we can ensure that the next generation of Sri Lanka is well-equipped to succeed in careers that are in demand.”

He added that by partnering with a reputed government institution such as the NSF which is mandated to serve and strengthen the science and technology sectors in Sri Lanka, the Bank will be able to benefit from the expertise it offers to further develop its STEM projects for the benefit of a larger group.

STEM education helps foster critical thinking and problem-solving skills. By teaching students how to analyse data, design experiments, and solve complex problems, STEM education helps to equip them with the skills necessary to succeed in any field. In addition to preparing students for future careers and fostering critical thinking skills, the STEM education programme can also help promote innovation and drive economic growth in the country, the Bank said.

Commercial Bank’s largest commitment in the sphere of corporate social responsibility is to digital technology education in Sri Lanka. In September 2022, the Bank donated its 250th IT lab under its flagship community initiative to take digital literacy to even the most rural towns in the country. It was also a key partner in the national Smart Schools initiative where 165 schools were equipped with digital learning facilities. The Bank’s “Sipnena” online portal contains digitized school curriculum content, complete with practical videos and presentations to facilitate easy learning for students.

The National Science Foundation of Sri Lanka was established in 1998 as the successor to the Natural Resources Energy & Science Authority (NARESA) of Sri Lanka established in 1981. It facilitates research, development and innovation to create a knowledge economy. NSF is also engaged in capacity building, infrastructure development, technology transfer, knowledge creation and sharing in all fields of science and technology to improve the quality of life.

Sri Lanka’s first 100% carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 12 years consecutively, Commercial Bank operates a network of 269 branches and 943 automated machines in Sri Lanka. Commercial Bank is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s Banking sector. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.

Commercial Bank’s Chief Financial Officer Mr Nandika Buddhipala and National Science Foundation Director General Dr Sepalika Sudasinghe exchange the agreement in the presence of (from right) National Science Foundation Chairman Prof. Ranjith Senaratne and Commercial Bank’s Senior Manager – Sustainability, Women Banking & CSR Mrs Kamalini Ellawala and representatives of the two organisations.



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Sri Lanka takes helm of Asia Tea Alliance, Colombo to host 2025 Summit

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From left: Dave Maurice, Director, Nucleus Foundation; Head of the ATA Secretariat, Nimal Udugampola, Chairman, TSHDA; incoming Chair, Asia Tea Alliance and Saman Rathnayake DGM (Extension) TSHDA

Sri Lanka is set to significantly elevate its regional standing in the global tea industry by assuming the Chairmanship of the Asia Tea Alliance (ATA) for the 2026–2027 term. This strategic milestone was announced on Nov. 17, at a press conference at the Tea Small Holdings Development Authority (TSHDA).

Nimal Udugampola, Chairman of the TSHDA, will take on the role of ATA Chair, marking the first time in the Alliance’s history that a leader from a smallholder-institution will hold the position. This move not only amplifies smallholder representation across Asia’s tea value chains but also positions Sri Lanka to help shape standards, policy dialogue, trade priorities, and market access regionally.

The announcement coincides with Colombo hosting the 6th ATA Annual Meeting and the Asia International Tea Summit 2025 on November 27, 2025, at Moonwalk by Citrus, Lotus Tower. The summit, which will be convened by Dr. Shatadru Chattopadhayay, Managing Director of Solidaridad Asia , will be held under the theme: “Tea Reimagined: Regenerative, Resilient and Carbon Free.”.

Minister of Plantations and Community Infrastructure, Samantha Vidyarathna, MP, will attend as the chief guest.

Under Sri Lanka’s stewardship, the ATA’s focus will centre on regenerative practices, climate resilience, fair value, and stronger market linkages. This is expected to give Sri Lankan producers, both large and small, a more prominent voice on the global stage.

Dr. Shatadru Chattopadhayay, Convenor of the Asia Tea Alliance (Solidaridad Asia) said, “ATA’s mission is to turn collaboration into competitiveness – aligning producers, smallholders and companies around verified sustainability, market access and resilience. Sri Lanka’s leadership arrives at the right moment to advance decarbonised, regenerative tea and deliver fairer value across the supply chain.”.

The TSHDA’s assumption of the chairmanship highlights tea as a shared endeavor between smallholders and plantations, aligning institutions, private companies, exporters, and policymakers around a common agenda. Smallholder tea growers contribute substantially to national outputs and rural economies.

Incoming Chair, Nimal Udugampola said, “Smallholders and plantations are both central to the future of tea. As Chair, I will prioritise regenerative practices, stronger livelihoods and premium market access, underpinned by credible standards and partnerships. Together with ATA members, we will translate sustainability and decarbonisation into tangible gains for producers and consumers alike.”

The Asia International Tea Summit 2025 will feature a high-level technical session covering transition pathways to regenerative agriculture, building climate and market resilience, expanding market access for sustainable tea, and practical enablers of decarbonisation. The Nucleus Foundation, Colombo, will host the ATA Secretariat for 2026–2027.

The ATA’s mission to foster cooperation between major tea economies, including founding members India, China, Sri Lanka and Indonesia, creates an interesting dynamic for the world-renowned Ceylon Tea brand.

The country’s leadership comes as the Sri Lankan government sets an ambitious national tea production target of 400 million kilograms by 2030, with 300 million kilograms expected from the tea smallholders. Tea industry veterans view this 400 million kg goal as highly ambitious yet doable, provided it is backed by serious, collaborative dialogue and significant investment from all stakeholders.

In response to a media inquiry, Tea Small Holdings Development Authority officials noted that the recent budget proposal by President Anura Kumara Dissanayake to increase the minimum daily wage of estate workers from Rs. 1,350 to Rs. 1,550, with an additional Rs. 200 attendance incentive (effective January 2026), holds no bearing on the TSHDA, as their workers already receive higher earnings than their counterparts on company-run tea plantations.

By Sanath Nanayakkare

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‘Recognizing science, research and innovation vital for economic turnaround’

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Prof. Neelika Malavige Pic courtesy FOS Media

Sri Lanka’s economic turnaround will not be achieved through tighter budgets or debt restructuring alone—it will depend on whether the country can finally recognise science, research and innovation as serious engines of growth. That was the clear, uncompromising message from internationally respected scientist Professor Neelika Malavige, speaking at the recent IDEAnet Health Forum of the University of Colombo.

Malavige argued that Sri Lanka is missing its biggest economic opportunity by failing to treat innovation as a business asset. Nations such as Singapore and South Korea, she said, became global success stories not through natural resources, but by building systems that reward efficiency, research, and knowledge creation. “Their prosperity came from ideas,” she stressed. “We have the talent, but we continue to smother it under red tape.”

She pointed out that Sri Lanka and Singapore started the 1960s on near-equal footing. Today, Singapore’s GDP per capita is more than ten times higher. That gap, she warned, reflects decades of lost innovation capacity. Sri Lanka’s position at 93rd on the Global Innovation Index tells the same story—a country with potential but without the systems to convert ideas into economic output. For the private sector, she said, the realisation must hit hard: innovation is not a luxury. It is the most underdeveloped industry in Sri Lanka, and possibly the most profitable one if unlocked.

The biggest barrier, Malavige insisted, is not money but bureaucracy. She gave a striking example: research materials are taxed at 33 percent, then subjected to another 33 percent through intermediaries, before taking up to eight months to reach a laboratory. By then, only a fraction of the allocated funds actually turns into research. “In Oxford,” she said, “I received the same reagent in two days.” Such delays and inefficiencies, she emphasised, are not just academic frustrations—they translate into lost competitiveness, delayed product development, weaker investor confidence, and millions in missed opportunities.

Malavige believes Sri Lanka urgently needs to build a bridge between universities and industry if it wants to create new commercial sectors. She pointed to India’s transformation of its vaccine industry and to countries like the Netherlands and Senegal, which now export agricultural technologies and WHO-approved vaccines despite their modest size. Sri Lanka, she said, can produce diagnostics, medical technologies, and agritech solutions for regional markets—but only if the system stops obstructing those who try.

The ongoing brain drain, Malavige added, is not simply a social tragedy; it is an economic leak. Every researcher who leaves represents years of investment disappearing, along with the innovations and industry collaborations they would have generated.

Scientists, she said, are leaving because they cannot operate efficiently in a system crippled by delays, rigid procedures, and the absence of meaningful incentives. High-impact research, whether published internationally or locally, receives the same treatment. “That kills ambition, she said. “And ambition is the raw material of innovation.”

Health research, she noted, is not just about saving lives; it is an economic shield. During COVID-19, Sri Lanka used an antibody test developed with minimal resources, saving millions in testing costs. Such examples prove that homegrown innovation yields measurable financial returns. But she cautioned that if a future pandemic—what global experts refer to as “pathogen X”—hits Sri Lanka with systems this inefficient, the economic consequences would be devastating.

By Ifham Nizam

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Dialog powers Sri Lanka’s digital future with 5G at INFOTEL 2025

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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, showcased the nation’s most advanced and fastest 5G-ready network at INFOTEL 2025, reaffirming its commitment to shaping Sri Lanka’s digital future through world-class technology, innovation, and next-generation connectivity that empowers smarter cities, richer experiences, and a more connected society.

INFOTEL 2025 was organised by the Federation of Information Technology Industry Sri Lanka (FITIS) and is recognised as the country’s largest and oldest ICT exhibition. Attracting key decision-makers from public and private sectors, policymakers, professionals, entrepreneurs, and educational institutions, the event served as a dynamic platform for new business opportunities and technological advancement. Dialog’s 5G Experience Zone was a key attraction, featuring cutting-edge demonstrations such as Smart City, VR Kayaking, AI Portraits, Gaming Zone, 5G Speed Testing, and Smart Home experiences. Each demonstration showcased how Dialog’s ultra-fast, low-latency, high-bandwidth 5G network transforms everyday life through innovation and connectivity.

The VR Kayaking experience immersed visitors in a lifelike adventure aboard a Dialog 5G-branded kayak, demonstrating 5G’s ultra-low latency that reduces lag and enhances responsiveness, redefining virtual tourism with realistic motion and visuals.

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