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UNDP, ADB pledge support to SL on its public digital journey at key summit

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Key partners of the DPI Summit pose for a group photograph at Cinnamon Life in Colombo yesterday

Privacy challenges in the rollout of digital ID scheme also come into focus

By Sanath Nanayakkare

Key officials of the United Nations Development Programme (UNDP) and Asian Development Bank taking part in the Sri Lanka Digital Public Infrastructure (DPI) Summit in Colombo said yesterday that they would support Sri Lanka to become a digital economy powerhouse in the region.

The Ministry of Digital Economy had put together this two-day summit in partnership with the UNDP in Sri Lanka, the ADB and key collaborators including Huawei.

The Summit’s first session underscored the critical role of DPI as an enabler in building the country’s digital economy with universal DPI safeguards embedded to ensure safety and inclusion.

With transparency, safety and inclusion prioritized, the Summit 2025 brought together global leaders, key experts, innovators, and stakeholders from diverse sectors for dialogue and action on existing challenges and opportunities around DPI to accelerate economic growth and progress on the Sustainable Development Goals.

Key participants in the opening session included: Eranga Weeraratne, Deputy Minister of Digital Economy; Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy; Antonio Zaballos, Director, Digital Sector Office, ADB; Azusa Kubota, Resident Representative, UNDP Sri Lanka; Srikanth Nadhamuni, Founder CTO, Aadhaar; Keyzom Ngodup Massally, Head of Digital & AI Programmes, UNDP Chief Digital Office; and other high-level representations from the public and private sectors.

Eranga Weeraratne, Deputy Minister of Digital Economy stated that the government envisions Sri Lanka’s digital economy to reach $15 billion by 2030.

The eminent speakers emphasized the importance of public-private partnerships and cross-sector collaboration in successfully designing and implementing DPI at population-scale, particularly with the necessary safeguards to anticipate and mitigate risks.

Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy said, “The primacy given to Digital Economy Acceleration by the Government of Sri Lanka is exemplified by the creation of the Digital Economy Ministry under the direct purview of His Excellency the President. The Ministry is committed to building a robust digital economy that benefits all citizens. Our goal is to use digital transformation to accelerate economic growth, achieve leapfrog elevation of Citizen and Business Services and eliminate asymmetries across the socio-economic pyramid. The establishment, and accelerated adoption of DPIs is a foundational pillar of this strategy. We are confident that the DPI summit will bring together the effort and commitment of likeminded stakeholders to support the achievement of Sri Lanka’s Digital Economy ambitions.”

Dr. Hans said on a lighter note that when he was in the telco industry , his main focus was ‘customer experience’ and now in his new capacity , his focus would be on ‘citizen experience’.

Takafumi Kadono, ADB Country Director for Sri Lanka commented, “Digital Public Infrastructure is an essential enabler of Digital Transformation. As our economies and societies digitalize, Government is called upon to provide the high-speed digital rails and competencies that this requires. We at ADB look forward to supporting Sri Lanka’s ambitions to become a Digital Economy Powerhouse.”

The ‘Transforming Local Administrative Data Collection Systems for SDG Acceleration in Sri Lanka’ project was highlighted during the event. Led by the Government of Sri Lanka, implemented by UNDP Sri Lanka and the World Health Organization (WHO) in SriLanka, and funded by the UN Sri Lanka SDG Fund, the project demonstrates Sri Lanka’s commitment to leveraging DPI for improved service delivery, economic efficiency, and citizen empowerment as a first mover country of the 50-in-5 global campaign.

Speaking at the Summit, Azusa Kubota, Resident Representative, UNDP in Sri Lanka noted, “Digital platforms can contribute greatly to building trust between government institutions and citizens by enhancing accessibility, transparency, safety, and responsiveness of services. As part of our commitment to advancing accountable institutions for SDGs attainment, UNDP, globally and locally here in Sri Lanka, supports designing national policy frameworks, building capabilities for digital adoption, as well as introducing tangible digital solutions for improved public service delivery. As Sri Lanka spearheads digitalization, this inaugural Summit is a pivotal step in Sri Lanka’s Digital journey.”

Keyzom Ngodup Massally, Head of Digital & AI Programmes, UNDP Chief Digital Office notably spoke about the Kenyan case when it came to digitalization of its national ID programme, and gave her insights on the robust privacy framework and universal safeguards that would be critical in the whole digitalization exercise.

A landmark ruling by the High Court of Kenya in 2021, concluded that the rollout of a country-wide biometric ID scheme was illegal. Kenya’s digital identity rollout was paused for the third time by the country’s High Court in July 2024, pending the outcome of a constitutional challenge.



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Affairs of Sri Lankan Airlines could be turned around using local expertise – former CAA chair

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Upul Dharmadasa

The financial affairs of national carrier Sri Lankan Airlines could be turned around along with the fortunes of Mattala Airport, using local management expertise without divesting these assets, former chairman CAA and veteran travel and tourism expert Upul Dharmadasa said.

“Sri Lanka has experts and knowledgeable persons to develop Sri Lankan Airlines into a viable entity. But when it comes to the debt restructuring process the government should absorb the losses to salvage our national carrier, former chairman Civil Aviation Authority Upul Dharmadasa told The Island Financial Review.

Speaking on Mattala Airport Dharmadasa said that during the Covid 19 pandemic he spearhead the airlines’ operations to bring more than 138,000 Sri Lankans back into the country. “At that time Mattala Airport functioned as a second international airport and it assisted the government in managing Covid patients in a more systematic way, he said.

Dharmadasa added: ‘Further, Mattala Airport’s 12 anniversary falls today. It falls on the government to develop it as the second international airport. It could attract large aircraft.

“We need to deploy proper and qualified persons to streamline the entire process.

“I have been in the airline industry for more than four decades. The number of airline arrivals in the country and departures from it have come down considerably after Covid 19 pandemic.

“In this scenario, Sri Lankan Airlines should focus on launching new flights to US and Canada. Together they account for more than 1.4 million Sri Lankan diaspora members who fly to Sri Lanka.

“Sri Lankan Airlines should resume Rome flights as well, which is a lucrative market. Apart from that Sri Lankan Airlines should focus on new destinations, wherein they could sell tickets and attract huge revenue to the airline.

“The airline should have 25 aircraft to offer uninterrupted services to air travelers but at present it has only 23 aircraft.”

By Hiran H Senewiratne

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LOLC Al-Falaah pioneers Sri Lanka’s first Wakalah-based factoring solution

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Deepamalie Abhayawardane- Head of Factoring at LOLC Finance PLC (L) / Shiraz Refai, Head of Alternate Financial Services at LOLC Finance PLC (R)

LOLC Al-Falaah, Sri Lanka’s leading provider of alternate financial solutions, proudly announces the launch of ‘Al-Falaah Wakalah Future-Cash’, a pioneering Shariah-compliant alternative for Factoring, Invoice & Cheques discounting facility, designed to transform business financing. This ground-breaking financial solution empowers businesses to elevate and realize future cash flows in real-time, while maintaining adherence to ethical financial principles. Setting a new benchmark in Sri Lanka’s Islamic financial services sector, this initiative strengthens LOLC Al-Falaah’s commitment to innovation and excellence in the alternate finance arena.

Unlike conventional Factoring, which relies on interest-based returns against receivables, LOLC Al-Falaah’s ‘Wakalah Future-Cash Today’ product is structured under the ‘Wakalah-Bil-Istithmar’ concept, ensuring full compliance with Islamic economic jurisprudence. Through this model, LOLC Al-Falaah provides capital infusion into business operations in exchange for a pre-determined Anticipated Profit Return (APR), eliminating interest-based transactions. Businesses are appointed as agents to deploy these funds within their operations, with surplus earnings allocated as a performance incentive. This structure enhances financial discipline, promotes transparency, and encourages ethical business practices.

The introduction of this pioneering facility is particularly timely as Sri Lanka transitions towards economic recovery and long-term stability. Shiraz Refai, Head of Alternate Financial Services at LOLC Al-Falaah, emphasized the significance of this initiative: “As Sri Lanka embarks on a path of economic resurgence, businesses require the right financial instruments to capitalize on emerging opportunities. As a trailblazer in the alternate financial services sector, LOLC Al-Falaah has identified a critical gap in the bills-discounting and factoring industry. The launch of LOLC Al-Falaah’s ‘Wakalah Future-Cash Today’ product presents a strategic solution that enhances liquidity and working capital efficiencies while adhering to Islamic financial principles.

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Lumala emerges victorious at National Industry Brand Excellence Awards 2024

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Aazim Miflal, MD of City Cycle Industries Manufacturing (Pvt) Ltd and factory GM Ranjith Siriwardana receiving the award

City Cycle Industries Manufacturing (Pvt) Ltd, a leading provider of sustainable mobility solutions and renowned for its household brand Lumala, has been honored with the Best National Industry Brand award under the Large-Scale Other Industry Sector at the recent National Industry Brand Excellence Awards 2024.

Organized by the Sri Lanka Technical Development Board under the Ministry of Industry and Entrepreneurship Development, the award ceremony was held on 21 February at Eagle Lakeside and saw the participation of distinguished leaders from diverse industry sectors. The vent was graced by Prime Minister Harini Amarasuriya as the Chief Guest.

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