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Dr. Amal Utum Herat: Jack of all trades and master of everything

Daily FT

|

December 29, 2025

THE late Dr. Amal Utum Herat, Utum to everybody, ex-Deputy Governor of the Central Bank, was a Jack of all Trades and also a Master of Everything.

- By W.A. Wijewardena

He did excellently in everything he practised.

He was a lay preacher at his Methodist Church in Mount Lavinia, UK-qualified management accountant, master of ceremonies, public speaker, visiting university Don, international civil servant, and an economist par excellence, to mention but a few of the hats he wore simultaneously. Above all, he was a Granda Homo with exceptional human qualities and principles.

I recall how he responded when the Colombo University administration changed the coordinator of its MBA degree program in early 1991. Utum was the lecturer in managerial economics for the MBA students. He felt that there was injustice done to the MBA coordinator when he was removed from the position without following due process. Following the rebellious path which the youth of his age would follow, he protested to the Vice Chancellor in writing and withdrew from the program. With no suitable replacement in sight, the University in desperation reached out to the Central Bank for a solution. The Governor of the Central Bank at that time, the late Nevile Karunatilake, who earlier had helped the University to setup its Graduate Diploma in Business Administration, forerunner to the MBA program, practically ordered me to fill the gap leaving me with no choice. Perhaps, he zeroed on me because I was a pioneering lecturer in that Graduate Diploma program and had taught environmental economics to Colombo University's Master's degree students, two positions I held with Karunatilake's approval when he was the Senior Deputy Governor. When I told Utum that I had to fill the gap he had created, he blessed me wholeheartedly and even supplied me with a copy of the textbook he had been using for his lectures. I did the lectures, but I am still doubtful whether I was a matching replacement to Utum whose lecturing qualities were unparalleled.

FLERE HISTORIER FRA Daily FT

Daily FT

Daily FT

Marikkar tears into Rs. 500 b Supplementary Estimate

SAMAGI Jana Balawegaya (SJB) MP S.M. Marikkar yesterday tore into the Government's Rs. 500 billion Supplementary Estimate for post-Ditwah recovery in 2026.

time to read

1 min

December 19, 2025

Daily FT

SSC certainly mean business

SSC certainly means business the way they have launched their campaign to win the Tier B 3-day league and gain promotion next year to the Major Clubs 3-day league.

time to read

1 mins

December 19, 2025

Daily FT

Daily FT

HNB General Insurance wins Gold award in Insurance Sector at National Management Excellence Awards 2025

HNB General Insurance has been crowned the Gold Winner in the Insurance Sector at the National Management Excellence Awards (NMEA) 2025, organised by the Institute of Management of Sri Lanka (IMSL).

time to read

2 mins

December 19, 2025

Daily FT

Sampath Bank announces two-year Rs. 20 b capital raising program

SAMPATH Bank PLC has moved to strengthen its Basel III Tier Il regulatory capital through a proposed Rs. 20 billion listed debenture program, to be implemented in phases over the next two years.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Evolution Auto launches Riddara RD6 Active

Auto has officially announced the launch of the Riddara RD6 Active, the country's latest all-electric double-cab pickup, which was unveiled at the prestigious BMICH Motor Show.

time to read

2 mins

December 19, 2025

Daily FT

Daily FT

Tourism levy revenue rises as Govt. pushes unified nation brand and community-centred growth

Tourism Minister Vijitha Herath SRI Lanka's tourism sector is being steered towards a more integrated, communityfocused, and strategically branded future, with revenues from the Tourism Development Levy (TDL) continuing to rise and a renewed policy emphasis on positioning the country under a single national brand, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath told Parliament.

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Colombo Shopping Festival 40th edition officially inaugurated

THE 40th edition of Colombo Shopping Festival was has inaugurated by, Aitken Spence Travels Managing Director Nalin Jayasundera with the participation of event partners and exhibitors.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

HNB strengthens national response to Cyclone Ditwah with Rs. 100 m commitment

HNB PLC has contributed Rs. 100 million towards the Rebuilding Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Economist warns IMF RFI too costly for Sri Lanka

Verité Research Chief warns Sri Lanka poised to repeat past mistakes amid cyclone recovery funding push Argues IMF RFI financing effective rate exceeds 6% and time-based surcharges add further 2.75% after three years IMF Executive Board decides on $ 200 m RFI today

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Appeals Court clears Home LandsPentara project to proceed

Court refuses injunctions with costs, Home Lands continues with Rs. 30-35 b Pentara Residences construction Notes that Home Lands had obtained all necessary approvals from relevant authorities, and engaged in the construction process for several months Project is largest residential development investment, and Rs. 4.5 b land transaction highest in history of Colombo

time to read

3 mins

December 19, 2025

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