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SDB bank relocates City Branch to Union Place, offering purpose-driven banking services for forward-thinking Sri Lankans

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Priyantha Thalwatte, CEO - SDB bank, Dinithi Ratnayake, Chairperson - SDB bank and Sumith Nishantha, General Manager - SANASA Federation.

SDB bank, a unique bank with a clear vision to bolster the local economy by providing customized banking solutions to SMEs and all progressive Sri Lankans, recently relocated its flagship City Branch to a new facility at No.167, Union Place, Colombo 02. The new branch was officially declared open on the 19th of April 2023, amidst a grand opening ceremony graced by the Chairperson, Dinithi Ratnayake and SDB bank’s CEO, Priyantha Thalwatte, Members of the senior management, SDB bank customers, prominent business leaders and individuals.

The relocation of the SDB bank City Branch is a strategic move by the bank’s management to mark a stronger presence in a key geographical area with a stand-out facility equipped with improved facilities including ample parking facilities, ATM facilities etc.

The new flagship branch will be offering the bank’s wide range of products and services, including savings, fixed deposits, Business Banking, SME loans, pawning and leasing – all of which reflect the bank’s commitment to providing innovative and customer-centric banking solutions. Particularly, the bank’s savings product range offering the most competitive interest rates and other unique features has been a stand-out in the market. ‘Top Saver Plus’ for active savers and salaried employees, ‘SDB Business Saver’ for businesses, ‘SDB Lakdaru’ for children, SDB bank’s savings portfolio effectively covers all important customer segments, providing them with best in class benefits. Apart from the high-interest rates, daily interest calculation and flexibility for ‘Top Savers’, digital facilities for ‘Business Savers’ and free insurance cover for ‘Lakdaru Savers’ are some of such noteworthy benefits to be mentioned.

The new City Branch will also enable SDB bank to connect with high-net-worth clientele who share the same vision and values as the bank, rooting for the upliftment of entrepreneurship and thereby national economic development.

Commenting on the relocation of SDB bank’s City Branch, Dinesh Swarnage – Regional Manager- Western 1 at SDB bank said, “The relocation of the City Branch is a significant milestone as we reinvigorate the drive to service the financial needs of Colombo-based clientele with a strong focus on SME businesses. This branch offers convenience and customized services to progressive businesses and individuals who are seeking to actively contribute to the economic development of the country. City Branch’s unique design and facilities reflect our customer-centric approach, and we look forward to providing our customers with personalized banking that seamlessly combines conveniences with warm human experiences.”

With over 25 years of service in the Banking landscape in Sri Lanka, SDB bank is well-positioned to provide safe and trustworthy banking solutions to individuals and businesses. SDB bank is a licensed specialized bank regulated by the Central Bank of Sri Lanka, with a listing on the Main Board of the Colombo Stock Exchange and a Fitch Rating of BB + (Stable). The bank is committed to sustainable development and economic upliftment by supporting small and medium enterprises (SMEs), with a special focus on female entrepreneurship development. Alongside this, SDB bank is committed to incentivizing savings and fueling economic development in Sri Lanka, by providing more than simple financial services to the SME sector, through various workshops and skills development, entrepreneurship, mentorship and consultancy programs. Furthermore, SDB bank’s financing activities give preference to businesses and initiatives that take a sustainable approach, reflecting the bank’s commitment to environmental, social, and governance sustainability.



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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