Business
Slt-Mobitel – Digitally Ready For A System Change In Sri Lanka
Announces national proposal for future-focused technology and digitally empowered citizens to usher change and growthSLT-MOBITEL, the leading communication and technology service provider in Sri Lanka announced a national proposal to enhance critical services and sectors, and digitally empower citizens.
The company, one of the most powerful players in the telecommunications and technology sector, cites archaic legacy systems, inefficiency, corruption, heavy operational costs and waste in critical sectors and services to be the main reason to expedite a system change in the country.
It said in a news release that the new system change proposed by it places digitally empowered citizens at its foundation, with digitalisation of identities and strong digital security and privacy. This will serve as the building block for new technological innovations that can strengthen Digital Commerce and E-Governance in all aspects of operations critical to the county.
SLT-MOBITEL has identified healthcare, education, transportation, agriculture, tourism, judiciary and banking and finance as critical services and sectors that can thrive under this new system, more efficiently and transparently, the release said.
Elaborating on this new system change for the country, Rohan Fernando, Group Chairman, Sri Lanka Telecom said, “Much like Singapore did, Sri Lanka has the potential to transition to a Smart Nation, making innovative technology the backbone of every sphere of activity.
“By doing this, key issues currently facing the country can be addressed and critical sectors and services can be transformed into highly efficient, transparent, and profitable systems which in turn can transform people’s lives. Our vision is to move the country towards E-Governance and Digital Commerce.
“We have the broadest presence across the value chain and unparalleled capacity to meet the needs of tech companies, large corporates, public and state institutions. With our capabilities and strong infrastructure across the country, we believe we are fully geared to undertake this challenge and bring about the change the people of this country want to see.”
What is now SLT-MOBITEL began over 160 years ago as a state-owned national communications service provider, transformed itself over the years into a highly profitable and efficient publicly listed conglomerate, offering technology and connectivity solutions, ready-to-go technology platforms, advanced network backbone services and digital infrastructure.
“The brand unification initiative of SLT-MOBITEL in 2020 brought together the best services of fixed and mobile technology. It couldn’t have come at a better time, as the same year saw a dramatic increase in the need for technology and connectivity solutions due to the COVID-19 pandemic. Seeing this surge and understanding the demand of the future, we extended our fibre network to 65,000km across Sri Lanka, offering fast and accessible broadband services to boost the digital capacity in the country,” the release said.
“The SLT Group has the largest data centres in the country, and our long-standing partnerships with global tech giants like Microsoft, Oracle and VMware mean we are fully equipped to provide the most secure hosting services for public and state institutions, as well as large corporates and foreign investors.
“As we continue to invest in infrastructure, our efforts are now focused on developing technological solutions for the challenges the country is facing today and will face tomorrow. SLT-MOBITEL is digitally ready for that system change we all want to see in Sri Lanka,” said Fernando.
Under this system change proposition, SLT-MOBITEL will focus on Healthcare, Education, Transportation, Agriculture, Tourism, Judiciary and Banking and Finance, the release said elaborating:
E-Healthcare
Access to healthcare is a basic need. However, the healthcare sector is facing many challenges today which inhibits citizens from accessing services and data. Our proposal aims to digitalise the healthcare sector and will revolutionise the industry. It offers access to real-time information, remote patient monitoring, preventative care, timely assistance, healthcare analysis, and overall better patient care with data privacy and security. Digitalising the sector will give healthcare practitioners and citizens access to information anytime, and also improve efficiency and return-on-investment for the industry.
Online Education
With the onset of the COVID-19 pandemic and recent economic challenges, access to continued education has become another national priority. These macroeconomic factors have left children and teachers no choice but to move towards online education. However, rural areas have limited access and teachers require training in digital technology and eLearning solutions. eLearning and Smart Classrooms need to be actively promoted as the future of education.
With these factors in mind, we have outlined the steps to digitalise Sri Lanka’s education sector. The 10,000+ schools in the country can be provided high-speed internet access through the company’s expansive fibre network, processes can be automated through the introduction of digital tools and technology, while libraries can be digitised for inclusive and continued access. Further, teachers and students will be introduced to Learning Management Systems (LMS) to build a more agile and effective education sector.
E-Transport
With the increasing urbanisation of the country, transportation and the congestion caused by it has a direct impact on the economy. Loss of time while travelling, excessive fuel consumption, increased wear and tear of automobiles and higher cases of road accidents all lead to a negative impact on national productivity.
SLT-MOBITEL proposes the digitalization of the country’s transportation sector. From multi-modal tour plans, online ticket reservations, tracking apps for public transportation such as buses and trains, providing onsite WiFi and enabling cashless payments, Sri Lanka’s transportation sector has tremendous potential to be more efficient and productive.
E-Agriculture
Sri Lanka’s food security has become a national priority in light of a multitude of issues faced by local famers, inhibiting their ability to meet demand. The current agriculture value-chain is affected by obstacles at each stage – irregular climate patterns and the onset of pests and diseases affect yield; price volatility, lack of accurate information on demand and supply affect farmers’ profitability; and distribution can be inefficient and disorganised leading to high-wastage.
We are driving the digitalization of Sri Lanka’s agri value-chain with the Helaviru Digital Economic Centre, a platform that will provide farmers easy access to information and insights, as well as a trading platform for transparent transactions. The company is also accelerating digital adoption of farming communities through capacity building programmes and by introducing smart farming solutions.
E-Tourism
Tourism is a critical sector for Sri Lanka, especially in bringing in much needed foreign exchange. However, the industry is currently struggling due to the impact of the COVID-19 pandemic, as well as recent global and local economic challenges. Data analytics and insights will be key in identifying Sri Lanka’s competitive advantage against other countries in the region and rebuild a thriving tourism industry.
We are currently developing a single web portal for all potential tourists to digitally enable the country’s tourism sector. This platform will be a centralised tourism hub, providing tourists with the information they need to plan their own stays or connect them with tour operators who have pre-planned options. This platform will also provide much needed data and insights on the visiting tourists, which can be used to further develop the industry.
E-Judiciary
Justice delayed is justice denied – the main issue plaguing Sri Lanka’s judiciary at present. From the high number of court cases to the time taken to serve a verdict, the limited access to information, outdated systems needing multiple physical documents and lack of integration within the judiciary, all lead to delays in the process, making it inefficient.
Our proposed solution is to fully digitalise the Sri Lankan judiciary system. From establishing a digitised record keeping process, to an automated platform to set hearing dates in commercial high courts, a virtual solution for court hearings when logistics become an obstacle, and the digital integration across other entities (i.e. Police) will lead to a more efficient judiciary system in the country.
Banking & Finance
In a world where more people are working, playing, living online, a world of opportunities await Sri Lankan businesses and entrepreneurs. Connectivity speed and access is critical for this future. Our vision in transforming the current banking and finance sector to meet the demands of this future will see the digitalisation of this critical sector, so it is able to support cashless transactions and become a catalyst to promote e-commerce in Sri Lanka.
Business
Beira Lake restoration, ‘a crucial urban environmental intervention’
Sri Lanka’s decision to invest Rs. 2.5 billion in restoring the heavily polluted Beira Lake marks one of the most significant urban environmental interventions in recent years, underscoring a growing recognition that ecological rehabilitation is also an economic imperative.
The multi-pronged project—covering the closure of illegal sewage discharge points, large-scale dredging, and the installation of aeration systems—is expected to not only revive aquatic life but also unlock commercial, tourism and real estate value in the heart of Colombo.
Officials say the initiative is designed to transform Beira Lake from a long-neglected liability into a productive urban asset.
A senior official from the Ministry of Environment told The Island Financial Review that untreated wastewater and illegal sewer connections had been the primary contributors to the lake’s degradation for decades. “Closing these illegal sewage points is the most critical intervention. Without that, any dredging or aeration would only offer temporary relief, the official said, adding that enforcement will be carried out in coordination with the Colombo Municipal Council (CMC) and other regulatory agencies.
From a business perspective, the clean-up is being viewed as a catalyst for urban regeneration. Urban Development Authority (UDA) sources noted that a healthier Beira Lake would significantly enhance the attractiveness of surrounding commercial developments, hospitality projects and public spaces. “Environmental remediation directly impacts land values and investor confidence. A clean, living lake changes the entire economic profile of the area, an UDA official said.
The dredging component of the project is aimed at removing decades of accumulated sludge, which has reduced water depth and contributed to foul odours and fish die-offs. According to officials involved in project planning, the dredged material will be disposed of following environmental guidelines to avoid secondary pollution risks—an issue that has undermined similar efforts in the past.
Meanwhile, the installation of modern aerators is expected to improve dissolved oxygen levels, a key requirement for sustaining fish and other aquatic organisms. “Restoring aquatic life is not just about biodiversity; it is about creating a water body that can safely support recreational activities and public engagement, a senior CMC engineer explained.
Economists point out that the Rs. 2.5 billion allocation, while substantial, should be seen against the long-term cost savings and revenue potential. Reduced public health risks, lower water treatment costs downstream, increased tourism activity and higher commercial footfall could deliver returns that far exceed the initial outlay.
By Ifham Nizam
Business
Expectation of positive Q3 corporate results jerks bourse to life
CSE activities kicked off on a negative note initially but later experienced some recovery yesterday because most investors were anticipating positive third quarter result shortly, market analysts said.
Amid those developments, the market indicated mixed reactions. The All Share Price Index went down by 4.13 points, while the S and P SL20 rose by 14.02 points. Turnover stood at Rs 5.17 billion with 11 crossings.
Top seven crossings were reported in Renuka Holdings where eight million shares crossed to the tune of Rs 324 million; its shares traded at Rs 40.50, Tokyo Cement one million shares crossed to the tune of Rs 113 million; its shares traded at Rs 113, Distilleries 1.85 million shares crossed for Rs 111 million; its shares traded at Rs 60, ACL Cables 500,000 shares crossed for Rs 51.5 million, its shares sold at Rs 103 Chevron Lubricants 250,000 shares crossed for Rs 47.5 million; its shares traded at Rs 190, Ambeon Capital 738600 shares crossed at Rs 40.50 each and Melstacope 150,000 shares crossed for Rs 27 million; its shares traded at Rs 180.
In the retail market top seven companies that mainly contributed to the turnover were; Colombo Dockyard Rs 1.26 billion (12 million shares traded), ACL Cables Rs 348 million (3.3 million shares traded), HNB (Non-Voting) Rs 152 million (425,000 shares traded), Hayleys Rs 109 million (507,000 shares traded), Tokyo Cement (Non-Voting) Rs 94 million (989,000 shares traded) Lanka Realty Investments Rs 80 million (1.6 million shares traded) and Sampath Bank Rs 77 million (498,000 shares traded). During the day 135 million share volumes changed hands in 38398 transactions.
It is said that manufacturing sector counters, especially Tokyo Cement and ACL Cables, performed well. Further, Colombo Dockyard became the most preferred share for investors. The Banking sector also performed well.
Browns Beach Hotels said that the company will delist from the CSE, having made arrangements with majority shareholders Melstacope and Aitken Spence Hotel Holdings to buy back shares from minority shareholders at an exit offer price of Rs 30.
Yesterday the rupee was quoted at Rs 309.75/85 to the US dollar in the spot market, from Rs 309.72/77 the previous day, having depreciated in recent weeks, dealers said, while bond yields were down.
A bond maturing on 15.05.2026 was quoted at 8.25/35 percent.
A bond maturing on 15.02.2028 was quoted at 9.00/10 percent, down from 9.05/10 percent.
A bond maturing on 15.12.2029 was quoted at 9.65/70 percent, up from 9.65/69 percent.
A bond maturing on 01.03.2030 was quoted at 9.72/75 percent, from 9.70/76 percent.
A bond maturing on 15.03.2031 was quoted at 9.95/10.00 percent, down from 10.00/10 percent.
A bond maturing on 01.10.2032 was quoted at 10.30/50 percent.
A bond maturing on 01.06.2033 was quoted at 10.72/75 percent, down from 10.70/80 percent.
A bond maturing on 15.06.2035 closed at 11.05/10 percent, down from 11.07/11 percent.
The telegraphic transfer rates for the American dollar were 306.2500 buying, 313.2500 selling; the British pound was 409.9898 buying, and 421.3080 selling, and the euro was 354.1773 buying, 365.5655 selling.
By Hiran H Senewiratne
Business
Ceylon Theatres and British Council present National Theatre Live’s ‘Hamlet’
Ceylon Theatres Limited, in partnership with British Council, is proud to present the first ever screening of National Theatre (NT) Live’s Hamlet starring Hiran Abeysekara in Asia. The first screening will happen at Regal Cinema in Dematagoda (Colombo 9) at 5:30 pm on Sunday, 25 January. Sri Lankan actor Hiran Abeysekera stars in the title role—the first Asian actor to play Hamlet in a National Theatre production.
For Sri Lankan audiences, this screening is both a celebration and a homecoming. It reflects the British Council’s long-standing commitment to nurturing creative talent, widening access to world-class culture, and building deep, people-to-people connections between Sri Lanka and the United Kingdom through theatre and the creative arts. To celebrate the inaugural screening, the British Council is inviting winners and runners-up of the All-Island Inter-School Shakespeare Drama Competition, alongside drama teachers and university actors, to attend the premiere.
Further details on screening dates, venues, and ticketing can be found at: https://ceylontheatres.com/ and on the British Council Instagram page https://www.instagram.com/britishcouncilsrilanka/ or call: 0766192370
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