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Sri Lanka’s Digital Economy has reached 4.37% of GDP says ICTA and UNCTAD Digital Policy Paper

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The Information and Communication Technology Agency (ICTA) of Sri Lanka in collaboration with UNCTAD (United Nations Conference on Trade and Development) launched a Policy Paper on the Digital Economy of Sri Lanka at a virtual event held recently. The paper, titled ‘Digital Economy of Sri Lanka: National Goals and Lessons from the South’ will facilitate benchmarking Sri Lanka against the Digital Economy of the People’s Republic of China.

The Chief Guest at the event was Jayantha De Silva – Secretary of the Ministry of Technology while the Keynote Speaker was Dr. Tauhid Ahmed – Executive Director at the Institute for Development of Economics and Finance, Indonesia. Dr. Piergiuseppe Fortunato – Economic Affairs Officer of the UNCTAD delivered the Welcome Address and introduced the paper after which Chanuka Wattegama – Director Policy of the ICTA presented the details of the paper to the online audience.  The event was moderated by Sachindra Samararatne – Director of Startup Ecosystem Development of the ICTA.

Sri Lanka remains optimistic in the middle of its post-COVID-19 economic recovery, given its relatively developed digital landscape with more than 60% of the population owning mobile phones and a significant number accessing the Internet on a regular basis, said the paper. The Digital Economy in Sri Lanka, estimated to be USD 3.47 billion or 4.37% of GDP, is gradually emerging. Sri Lanka’s ICT/BPM workforce is supposed to reach 300,000 from 125,000 in 2018, which would then be supporting a USD 3 billion industry in 2024, from the current USD 1 billion.

Sri Lanka has identified ‘Building a Technology-based society’ a key national initiative in its National Policy Framework (NPF) “Vistas of Prosperity and Splendour” adopted in December 2019, which constitutes of 10 key policies aimed at achieving the fourfold outcome of a productive citizenry, a contented family, a disciplined and just society and a prosperous nation, the paper further said. Information and Communication Technology Agency (ICTA) of Sri Lanka, the apex ICT institution of the Government, was assigned the task of implementing the policy guidelines. ICTA’s scope relies on three pillars: Digital Government, Digital Economy, and Digital Society. The Digital Economy strategy is further subdivided into five key themes: Technology Industry Development; Startup Ecosystem Development; Technology Diffusion; Capacity Building; and, Regional Cluster Development. Digital Laws and Policies have been identified as enablers.

During his welcome address, Dr. Piergiuseppe Fortunato pointed out, “Sri Lanka has to take advantage of changes in the global economy. It is evident that the supply side and balance of power are changing, along with the demand side and it changes the ways of production and how they are being delivered. The global value chain is now more platform-oriented while big data is prominent and useful for value-added use. This policy framework can provide opportunities for Sri Lanka to facilitate access to big data and build capacity for big data. In order to make companies to use big data, different tools need to be enabled which are addressed in the paper. All of this is evident by what China has done until now.”

Presenting the paper, Mr. Chanuka Wattegama highlighted what lessons Sri Lanka could learn from the most advanced Digital Economy in the South – that of the People’s Republic of China. China’s Digital Economy is the direct result of the recent favourable policies followed by the Chinese government. They include policies in building network infrastructure, acceleration and deep integration of the Internet with the real economy, and enhancing information technology capabilities in all aspects. Digital transformation in China was also possible because of a comprehensive strategy that focused not only on the supply side but created the environment to expand digital infrastructure. Data was also recognized as a key resource for the development of the Digital Economy which was followed by the implementation of data governance policies.

Addressing the audience, Mr. Jayantha De Silva commented, “Successive governments in Sri Lanka have done a lot of work and had numerous plans to bring this country in line with the digital transformation. A key aim is to encourage more Foreign Direct Investment to Sri Lanka from Multi-National Companies, through the construction of “Techno Parks” with state of the art facilities, two of which are already under construction. Consequently, creating more job opportunities to incentivize the retention of trained youth as well.

The policy paper can now be viewed on the websites of UNCTAD (https://unctad.org/system/files/official-document/BRI-Project_RP15_en.pdf) and ICTA (https://www.icta.lk/summary-digital-economy-of-sri-lanka-national-goals-and-lessons-from-the-south/)

The Information and Communication Technology Agency (ICTA) of Sri Lanka are at the forefront of driving digital transformation in the Nation with a vision to make Sri Lanka a digitally inclusive country. ICTA strives to serve the Nation with effective Digital Solutions to transform the lives of Sri Lankan citizens. For more Information about ICTA, visit www.icta.lk.



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Champa Stores Marks 70 Years of Trusted Service in Kandy

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Employees of Champa Stores in Kandy

A longstanding fixture in Kandy’s commercial landscape, Champa Stores marks its 70th anniversary this year, underscoring a legacy built on trust, reliability and consistent quality across a diverse range of products and services.

Founded in 1956 by Wimaladasa Weeraratne, the business traces its origins to a modest beginning when three brothers from Matara relocated to Kandy in the 1950s in search of opportunity. Their entrepreneurial drive would go on to shape a lasting contribution to the city’s commercial life.

While Wimaladasa established Champa Stores, his brothers carved out their own successful ventures. Dharmadasa Weeraratne founded Devon, while Daya Weeraratne established Bakehouse. Both enterprises have since become well-known names in the city’s hospitality and bakery sectors, with Devon further expanding to include the The Grand Kandyan Hotel. Today, all three businesses continue to operate under the stewardship of the family’s next generation.

Over the decades, Champa Stores has evolved into a prominent retail and service hub, offering a wide selection of products ranging from mobile phones and laptops to audio equipment, accessories and sports goods. Its printing division, in particular, has earned a strong reputation for delivering high-quality services in Kandy.

Despite its growth, the business has retained the personal touch that has endeared it to generations of customers. Longtime patrons point to knowledgeable staff, dependable after-sales service and a customer-focused approach as key factors behind its enduring appeal.

Currently employing over 50 staff members, the business is managed by Chapa Weeraratne, representing the second generation of family leadership.

As it celebrates seven decades in operation, Champa Stores stands as one of Kandy’s enduring family-run enterprises—demonstrating that a reputation built on trust and service can successfully span generations.

 By S.K Samaranayake 

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Dialog Voted Service Brand and Telecommunication Brand of the Year at SLIM-KANTAR People’s Awards 2026

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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that it has been recognised as the ‘Service Brand of the Year’ for the 5th time and the ‘Telecommunication Brand of the Year’ for the 15th consecutive year at the SLIM-KANTAR People’s Awards 2026, held on 18 March 2026. Voted by Sri Lankans through a nationwide consumer survey, the recognition reflects the continued preference for Dialog’s services and the trust placed in the brand across the country.

 Since its inception in 2007, the SLIM-KANTAR People’s Awards have been based on consumer sentiment across multiple categories, recognising brands and individuals through public perception as an independent measure of brand affinity.

Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC said, “We are grateful for this continued confidence, which reinforces the responsibility we carry in serving millions of customers across the country. As we continue to evolve our services and digital platforms, our focus remains on delivering consistent, high-quality experiences while staying true to our purpose of empowering and enriching Sri Lankan lives and enterprises.”

As a recognition shaped by the voice of consumers across the country, these accolades reflect Dialog’s continued relevance in a rapidly evolving digital landscape, underscoring its role in supporting the connectivity needs of individuals, homes and businesses across Sri Lanka.

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ISRAs of Sri Lanka – Protecting Hidden Shark and Ray Hotspots

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Palk Bay ISRA

When you think of sharks in Sri Lanka, your mind probably goes to the sleek blacktip reef sharks gliding through the reefs of Pigeon Island. But what most people don’t realise is that Sri Lanka is home to over 100 species of sharks and rays—ranging from reef dwellers and open-ocean giants to mysterious deep-sea, with some juvenile bull sharks being found even in freshwater!. They’re scattered across almost every part of the coastline, from coral reefs and estuaries to muddy lagoons and inland waterways. Yet despite their presence, these fascinating creatures remain deeply misunderstood and largely unprotected in national conservation efforts.

Chances are, if you’ve eaten karawala (dried fish) in Sri Lanka, you’ve possibly eaten shark—without even knowing it. Shark meat often ends up in local markets with no species names, and no questions asked. But here’s the catch: unlike fast-growing fish like sardines or mackerel, most sharks and rays grow slowly, mature late, and have very few offspring. Some only give birth once every couple of years. That means that their populations are usually precarious and they are sensitive even to small-scale fishing operations, which push their populations into serious decline. And in Sri Lanka, while vessel sizes are smaller in comparison to many developed countries, the number of vessels combined with their fishing techniques has resulted in the depletion, and in the case of sawfishes, a likely local extinction.

That’s where Important Shark and Ray Areas (ISRAs) come in. ISRAs are a global science-based tool designed to designate places that matter most for sharks, rays, and chimaeras. They aren’t marine protected areas and don’t come with legal restrictions—but they highlight critical habitats based on rigorous scientific criteria. These include areas used for breeding, feeding, migration, or home to rare, threatened, or range-restricted species.

In 2024, after a thorough review and vetting process, five (of the seven) proposed areas from Sri Lanka were formally designated as ISRAs

Bathalangunduwa Island, located on the fringes of the shallow coastal Puttalam Lagoon and off the coast of Wilpattu National Park in northwestern Sri Lanka, qualifies as an ISRA based on the presence of the threatened Winghead Shark (Eusphyra blochii). This area meets two ISRA criteria: it supports a vulnerable species and functions as a reproductive habitat.

Palk Bay, a shallow, semi-enclosed water body shared between India and Sri Lanka, qualifies as an ISRA due to the presence of multiple important species. These include the threatened Shorttail Whipray (Maculabatis bineeshi), the range-restricted Sharpnose Guitarfish (Glaucostegus granulatus), and reproductive populations of the Grey Sharpnose Shark (Rhizoprionodon oligolinx). This was one of the few trans-boundary ISRAs covering both Indian, and Sri Lankan waters.

Pasikudah & Kalkudah, a coastal stretch in Sri Lanka’s Batticaloa District, is known for its coral reefs and nearshore shark activity. This ISRA qualifies due to the presence of threatened and range-restricted species, such as the Stripenose Guitarfish (Acroteriobatus variegatus).

Punnakuda Canyon, a deep-sea canyon located just offshore from Pasikudah & Kalkudah and beyond the boundaries of the coastal ISRA, qualifies based on the presence of threatened and range-restricted deep-sea species, including the Indian Swellshark (Cephaloscyllium silasi).

Pigeon Island, the only ISRA in Sri Lanka that overlaps with a Marine Protected Area—the Pigeon Island Marine National Park—qualifies due to the presence of threatened species and undefined aggregations, notably the Blacktip Reef Shark (Carcharhinus melanopterus).

These areas are already designated ISRAs. In addition to this Sri Lanka also has two “Areas of Interest”; Koddiyar Bay and Hikkaduwa.

While these ISRAs don’t enforce protection on their own, except for Pigeon Island, which happens to overlap with an already established National Park, they’re a vital starting point. They help guide where marine protected areas might be placed, where fishing regulations could be refined, and where development should tread carefully. For Sri Lanka, ISRAs offer a powerful chance to align conservation and fisheries planning before it’s too late.

Most importantly, ISRAs are created using available scientific knowledge. Organisations like Blue Resources Trust (BRT) were able to contribute to the designation of ISRA’s due to long-term monitoring of shark and ray fisheries across the country. BRT has built the largest dataset on Sri Lankan sharks and rays, thanks to contributions from the Tokyo Cement Group, the Save Our Seas Foundation (SOSF), the Marine Conservation and Action Fund (MCAF) of the New England Aquarium, the Hong Kong Ocean Park Conservation Foundation (OPCFHK), the Prince Bernhard Nature Fund, amongst others.

By designating our ISRAs, Sri Lanka now has the recognition to make smarter, science-led decisions for the ocean’s most vulnerable species.

As shark and ray populations decline under pressure from overfishing, habitat loss, and climate change, knowing where they still have a chance to thrive is the first step toward saving them. Through ISRAs, Sri Lanka can take the lead in showing how conservation and coastal livelihoods can go hand in hand.

To explore ISRA maps and learn more, visit: https://sharkrayareas.org

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