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In a strategic move to position Sri Lanka as a regional center of excellence for financial technology (Fintech), a national body – Fintech Forum, Sri Lanka – was established recently and registered as an association. This initiative is the result of a major collaboration among Fintech companies, Banks, Non-Banking Financial Institutions (NBFIs) in Sri Lanka and LankaPay.
The forum aims to represent and advocate the interests of the Fintech industry in Sri Lanka, engaging with diverse stakeholders including the Central Bank, other government institutes, international Fintech associations and agencies. The association also intends to foster an environment conducive to the exchange of ideas, experiences, and knowledge while facilitating networking opportunities and encouraging the formation of mutually beneficial partnerships among its members. It is also intended to pave the way for local Fintech companies to form partnerships with regional players to expand their operations outside Sri Lanka.
The initial membership of the forum constitutes established Fintech companies, key banks, non-banking financial institutions (NBFIs) and LankaPay. A robust governance structure has been established through a comprehensive Code of Ethics, ensuring that member organizations operate with integrity and transparency. The association plans to collaborate closely with the Central Bank of Sri Lanka (CBSL) to introduce suitable regulations that will enhance the governance framework of Fintech companies, contributing to the overall stability of the financial sector.
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Dialog Axiata PLC announced its consolidated financial results for the nine months ended 30 September 2026 on Tuesday, 10 November 2026. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).
The Group delivered revenue growth of 8% Year-to-Date (“YTD”) underpinned by robust performance across the Mobile, Fixed and Digital Pay Television businesses, with Group Revenue reaching Rs 144.1Bn for the first nine months of 2026. On a Quarter-on-Quarter (“QoQ”) and Year-on-Year (“YoY”) basis, Group Revenue grew 1% and 6% respectively to Rs 48.5Bn in Q3 2026, supported by growth in Data and Home Broadband revenues.
The Group Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) grew 20% YTD to Rs 75.8Bn, supported by strong revenue growth and continued operational efficiencies. The Group EBITDA margin expanded by 5.4 percentage points (“pp”) compared to the first nine months of 2025, supported by continued efficiency gains. For Q3 2026, Group EBITDA was recorded at Rs 25.9Bn, up 1% QoQ and 15% YoY.
Group Net Profit After Tax (“NPAT”) grew 92% YTD to Rs 28.5Bn for the first nine months of 2026, supported by strong EBITDA growth and lower net finance cost. Q3 2026 NPAT reached Rs 9.2Bn, representing a 62% YoY increase despite declining 9% QoQ. Excluding unrealized forex losses, underlying NPAT increased to Rs 10.2Bn for the quarter, growing 6% QoQ and 67% YoY and demonstrating continued strength in underlying earnings. On the same basis, NPAT for the first nine months of 2026 reached Rs 28.9Bn, recording 82% YTD growth.
Supported by strong operational performance, the Group recorded Operating Free Cash Flow (“OFCF”) of Rs 30.5Bn for the first nine months of 2026.
More details are available at the following links:
Dialog Axiata PLC direct weblink: https://www.dialog.lk/financial-report-archives#quaterly-reports
CSE direct weblink: https://www.cse.lk/company-profile?symbol=DIAL.N0000
Dialog sustainability: https://www.dialog.lk/sustainability
The National Eye Hospital observed World Keratoconus Day on Nov.10, highlighting advanced diagnostic and treatment options available to help young patients maintain clear vision and secure stable futures.
Keratoconus – a progressive eye condition that causes the cornea to thin and bulge into a cone-like shape – poses a growing threat to young people across the island. Speaking on the impact of the disease, Dr. Kusum Ratnayake noted that the condition predominantly impacts children and youth, disrupting their education and preventing many young people from even obtaining a driver’s license.
“When advanced-stage keratoconus takes hold, entire families feel the strain through frequent hospital visits, while the economic productivity of affected young individuals is significantly hampered,” he said.
was told that the doctors at the hospital were not happy with current early detection numbers, which has prompted a renewed drive to broaden public awareness about the condition across the island.
Specialists stressed that timely screening and modern intervention strategies can effectively arrest the progression of the disease, safeguarding both educational prospects and long-term quality of life for Sri Lanka’s youth.
To combat late diagnoses, Dr. Ratnayake strongly advised all schoolchildren to make full use of periodic school vision screenings and get their eyes tested whenever the opportunity is offered.
Sri Lanka is stepping up efforts to develop the technical expertise required to enter the emerging green hydrogen economy, with four state universities joining an international collaboration to introduce a specialised Master’s degree programme in Hydrogen Enabling Technologies.
The initiative, supported by the European Union (EU), is expected to strengthen the country’s academic, institutional and technical capacity to explore green hydrogen and green ammonia as potential components of its future energy mix, while opening opportunities in emerging domestic and export markets.
The launch of the international collaboration project, GREEN-HET, took place in Colombo, November 10, with Energy Minister Anura Karunatilaka attending as chief guest. Energy Ministry Secretary Russell Aponso, Sri Lanka Sustainable Energy Authority chairman Prof. Wijendra J. Bandara and Ceylon Petroleum Corporation chairman D. J. Rajakaruna were among those present, alongside EU representatives, academic partners and stakeholders from government, industry and the wider community.
The proposed postgraduate programme will be jointly developed and delivered by the Universities of Moratuwa, Peradeniya, Ruhuna and Jaffna, bringing together academic expertise from across the country to build a specialised knowledge base in hydrogen-related technologies.
The Western Norway University of Applied Sciences (HVL), which coordinates the GREEN-HET project, will work with the Sri Lankan universities and other European academic partners in developing the programme.
The three-year initiative is funded through the European Union’s Capacity Building in Higher Education programme. Its European consortium also includes the University of Groningen in the Netherlands, OTH Regensburg University of Applied Sciences in Germany, and Virumaa College of Tallinn University of Technology in Estonia.
The collaboration comes at a time when green hydrogen is attracting growing international attention as countries seek alternatives to conventional fossil fuels and accelerate their transitions towards low-carbon energy systems.
For Sri Lanka, the initiative has particular significance given the country’s considerable renewable energy potential, including solar and wind resources, which could provide the electricity required for producing green hydrogen through electrolysis.
Green hydrogen is produced by splitting water into hydrogen and oxygen using electricity generated from renewable sources. Unlike hydrogen produced from fossil fuels, this process can significantly reduce carbon emissions when the entire production chain is powered by clean energy.
The GREEN-HET project is aligned with priorities identified in Sri Lanka’s National Green Hydrogen Policy and National Hydrogen Roadmap. These include assessing the potential of renewable energy resources for green hydrogen and green ammonia production, strengthening energy security and exploring opportunities in both domestic and international markets.
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