Corruption: Patterns, Signals, and Systemic Dynamics
Corruption rarely distributes evenly across a public sector. It clusters where discretion, value, and opacity intersect. That triad explains why certain interfaces carry outsized risk compared with routine services. It also explains why public perception often diverges from the locations of greatest fiscal harm. Citizens notice corruption where they stand in queues or meet officers. […]
Pine Labs Limited’s Credit+ platform powers a secure and scalable multi-currency prepaid forex instrument for Bank of Ceylon
Sri Lanka, September 29, 2025 – Global fintech platform, Pine Labs Limited today announced its partnership with Bank of Ceylon in Sri Lanka. This banking-fintech partnership will enable the bank to issue and manage prepaid multi-currency travel cards to its customers. Powered by Pine Labs Limited’s Credit+ platform, the card issuance technology for the bank […]
Regulating Microfinance: Sri Lanka’s Next Step in Social and Economic Reform
Sri Lanka’s Cabinet has approved the publication of a Draft Microfinance and Credit Regulation Bill, a move aimed at reshaping how small loans and informal credit are offered to low-income communities. At first glance this is another financial-sector reform. In reality it touches the heart of the country’s rural economy, women’s empowerment, and poverty-reduction strategy. […]
What is the Impact of UN Environmental Sessions on Sri Lanka?
Global Environmental Sessions and Their Reach UN environmental sessions such as the UN Environment Assembly (UNEA), the annual Climate Change Conferences (COP), and the negotiations for the High Seas Biodiversity Treaty are where global environmental standards are set. These forums do not merely produce statements; they create frameworks that shape national policy, financing flows and […]
Rightsizing the Public Sector: World Bank’s Roadmap for Sri Lanka
Sri Lanka’s fiscal crisis has forced a difficult debate: how to balance essential public services with the need to cut spending and stabilise debt. In its Public Finance Review 2025, the World Bank urges the government to “trim” the public sector, not through sudden layoffs, but through a careful process of rightsizing and efficiency reforms. […]
CEB Restructuring: A Turning Point for Sri Lanka’s Power Sector
Sri Lanka has embarked on a significant reform journey to restructure the Ceylon Electricity Board (CEB). The intention is clear: to transform electricity generation, transmission, and distribution into a system that is efficient, financially sustainable, and capable of supporting the country’s renewable energy ambitions. What is Being Proposed Unbundling of functionsThe CEB will be divided […]
AI in Sri Lanka’s Financial Sector: What the Central Bank’s Signal Means
On 17 September 2025, Central Bank Governor Dr P. Nandalal Weerasinghe argued that artificial intelligence is no longer optional for Sri Lanka’s financial sector. He called AI a “strategic imperative” for banks and finance companies, highlighting gains in efficiency, fraud prevention, inclusion, and sustainable finance while warning about privacy, bias, and governance risks that demand […]
Sri Lanka’s SOEs: Restructure or Risk Recovery
Sri Lanka’s loss-making state-owned enterprises (SOEs) are a persistent drain on public finances and a major obstacle to fiscal stability. Their continued losses add to national debt, crowd out spending on health, education and infrastructure, and slow the country’s economic recovery. Scale of the Losses Government and IMF data show that in 2024 the fifty-two […]
Overhauling Sri Lanka’s Outdated Statistics Law: A Blueprint for Credible Data and Modern Governance
Sri Lanka’s official statistics still rest on the Statistics Ordinance of 1957. That law was written for a world of paper surveys and manual tabulation. In 2025 it no longer supports the country’s need for accurate, timely and trusted data. An overhaul of the national statistics law is overdue. Why the 1957 Law Fails The […]
Nepal’s Political Upheaval and Lessons from Sri Lanka’s 2022 Crisis
Nepal is in turmoil. On 9-10 September 2025, youth-led anti-corruption protests escalated after a sweeping social media ban. At least 19 people were killed, a nationwide curfew was declared, and Prime Minister K. P. Sharma Oli resigned. Kathmandu airport shut down temporarily, forcing flight diversions, and the government rolled back the ban as it lost […]
