Kithmina Hewage

Kithmina Hewage is Director of Policy Engagement at the Centre for Asian Philanthropy and Society (CAPS), where he leads the organization’s policy engagement and strategic outreach efforts with governments, philanthropists, corporates, and nonprofit organizations across 17 Asian economies to facilitate more private sector capital towards addressing development challenges.

Op-Ed: Is Asia Leaving Billions in Diaspora Philanthropy on The Table?

As fiscal pressures intensify and official aid budgets tighten, Asian governments face a growing development-financing gap. Diaspora donors are eager to help fill it, but information barriers, regulatory complexity, and trust deficits prevent their generous intentions from materialising into impact. The rapid shrinking of overseas development assistance to Asia is shifting the financing landscape. In […]

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Op-Ed: Underwriting Risk For Impact – How Asian Philanthropy Can Be Deployed As Risk Capital

The scale of development challenges in Asia is vast. Innovative solutions are necessary to address these challenges. Yet, such innovations come with risks – financial or otherwise. Governments generally hesitate to fund unproven initiatives because they fear being accused of wasting taxpayer money. Markets generally don’t fund projects that lack a clear path to return. And often, the costs of demonstrating a solution’s viability are too high for innovators in developing Asian economies to fund themselves.  Philanthropic capital can underwrite

Philanthropy

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Op-Ed: Southeast Asia Could Solve Its Next Development Crisis With Corporate Philanthropy. Why Isn’t It?

Corporate philanthropy in Southeast Asia could generate $5.3 billion—nearly six times the 2024 USAID budget for the region—just by matching global standards. What can the sector do to raise and channel these funds effectively? Over the past decade, the concept of sustainability and related terms have become increasingly ingrained in corporate strategy thanks to shifts

CSR

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