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EY facilitates discussion on Digital Cities at the FITIS Sri Lanka Internet Day 2021 Forum

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Ernst & Young (EY) facilitated a timely discussion on Digital Cities as the knowledge partner at the “Sri Lanka Internet Day 2021”, the inaugural virtual event organized by the Digital Chapter of the Federation of Information Technology in Sri Lanka (FITIS) which was held in line with FITIS mandates on digital economy and regional hub and the 7-pillar digital strategy.

Themed Digital inclusion, the forum emphasized the need for citizen engagement in a digital society and its impact on digital inclusion and also discussed about Sri Lanka’s digital strategy, digitalization initiatives and the need to further enhance digital infrastructure to facilitate a digitally empowered ecosystem.

A major highlight of the forum was the discussion on Digital Cities held with the participation of Arjuna Herath Senior Partner and Head of Consulting at Ernst & Young Sri Lanka and Maldives and Amit Midha president, Asia Pacific and Japan and Global Digital Cities of Dell Technologies. The discussion between Herath and Midha provided deep insights on Digital Cities and laid the foundation for Sri Lankans to look forward to the concept, inspired by the digital models implemented by Singapore and other developed countries.

Herath laying the context for the discussion indicated that Cities have been centers for innovation and economic growth since the perennial times and as a result of that, more and more people migrated to cities in search of jobs and luxury lifestyles. He stated that technology has played a key role in the transformation of cities and that has led to the emergence of the Digital City concept. Midha exploring the topic said, “It is a City that thrives in the fourth industrial revolution”. Midha emphasized the fact that data and data related industries are going to be crucial within the next 30 to 40 years and that everyone needs to transform themselves to be successful in the digital sphere. He highlighted that digital jobs can thrive with new concepts such as Work from Home and Sri Lanka has the capacity to build on that. He also stressed on the importance of a Digital City in helping individuals and societies to transform themselves with access to economic growth, better living standards, better healthcare and education, mobility and new job opportunities, etc.

The discussion emphasized how new technology can be used to facilitate the everyday lives of people. The government’s role in this regard was perceived as vital because if necessary policies are implemented and infrastructure is provided, there is enough talent to build on those advantages and come up with new innovations. Midha emphasized that the private sector must join hands in the development efforts by alluding to the fact that ideas from different segments are vital in making progress.

A Digital City is expected to have streamlined services relating to transport, health, education, and all the primary services that people look forward to. The discussion went on to show a clear pathway where Sri Lanka can adapt the Digital City concept in the long run. According to the thoughts shared, safety is the top most priority for a city because if the city is not safe, people will leave that city. The next pillar is to streamline transportation within the city, from the city and into the city. The third pillar is the development of heath care and education which are considered as two of the primary needs of people living in a city. The next important aspect is the government to work as an app, conveniently assisting to fulfil the needs of people. The focus on sustainability, green energy, smart grid and solar was also highlighted as essential aspects in shifting to the concept.

The discussion also highlighted the need to focus on security when dealing with data and data related projects at a time when hacking, cyber-attacks and data thefts are abundant in the world. “In the process of digitizing cities, intrinsic security is a must have and we need to pay more attention to that going forward.” Says Midha.

Mr. Herath spoke about the opening Sri Lanka has in creating a Digital City with the new Port city in the making and the need to embedding the concepts that were discussed when creating the City including the required leadership and policies, operating models and processes and the community and the ecosystem which also need to be considered. Mr. Midha elaborating on this said “There has to be a vision that has to be built. A dream has to be put out there to get citizens buy in. In fact this is how cities take shape. There is plenty of money in the system. People will help make these cities happen. They need to be told what the dream is, how they can happen, then they buy into this, in fact any public project that makes livability better makes prices of all real estate in the city to go up. So, all the folks know that by doing things right, it is a significant economic return. They also want future generations to have better access to infrastructure and live in a better place.”

Providing a comprehensive outlook on Digital Cities, what advantages these cities have in store for the public and what needs to be done in order to shift towards the new concept, the discussion ended after sharing a wealth of knowledge while acting as an eye opener for the authorities to look forward to maximize the available technologies and embrace the Digital City concept.



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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