Business
ComBank breaks new ground in Sri Lanka enabling Alipay QR payments for merchants

The Commercial Bank of Ceylon has opened up a world of new opportunities for Sri Lankan businesses, by becoming the first bank in Sri Lanka to enable Alipay QR Code payments under unified Lanka QR.
Alipay e-wallet holders, currently numbering over 1 billion, can now scan the Commercial Bank LankaPay unified QR code issued to Sri Lankan merchants to make payments from anywhere in the world, as a result of this latest development.
The Bank said more than 50,000 of the Bank’s merchants will be enabled to accept the Alipay QR when the Bank completes the deployment of the new QR across its network, facilitating access to a vast new customer segment. Around 28,000 merchants who have POS devices can already accept Alipay QR payments via POS devices after enabling the service by calling the bank.
“This is a huge breakthrough for Sri Lankan businesses, and we are proud to be the Bank that unlocks the potential of the Alipay portal for them,” Commercial Bank’s Deputy General Manager – Retail Banking & Marketing Mr Hasrath Munasinghe said. “This will also enable thousands of tourists visiting Sri Lanka to scan and pay using their Alipay e-wallets, and enhances the versatility of the LankaPay platform.”
As a leading digital payment and lifestyle service platform, Alipay helps partners and more than 80 million merchants in China to effortlessly serve over 1 billion Chinese consumers. The company’s proprietary technology and 20 years of quality services support mobile-savvy Chinese consumers to instantly and safely scan to pay when making online and offline purchases in China or travelling overseas.
Business
SriLankan Airlines celebrates International Pilots’ Day

SriLankan Airlines marked International Pilots’ Day on 26 April 2025 with a small gathering at its Flight Dispatch Centre at Bandaranaike International Airport. Pilots were presented with a special vehicle badge bearing the iconic winged emblem, in appreciation of their enduring dedication and flying spirit that keeps the world connected every day. The event, which treated guests to pilot-themed cupcakes, offered a moment to reflect on and celebrate the extraordinary efforts and sacrifices pilots make in bringing the world closer together.
Business
The material and human costs of war

Book Review
A collection of war time memoirs published by the International Centre for Ethnic Studies; Translated by Miriam Naveendran, Reviewed by Lynn Ockersz
Although the financial and material costs of Sri Lanka’s ethnic conflict have received a reasonable degree of attention by the Sri Lankan state and other relevant sections over the years, the same cannot be said for the human costs of the war. Approximate figures of war casualties have occasionally surfaced from concerned quarters but such statistics are no reliable pointer to the staggering suffering that the war entailed over those 30 years or more for the civilian public of North-East Sri Lanka.
The latter inadequacy could only be rectified by credible qualitative commentary and analyses on the emotional and physical pain those civilian sections that were directly exposed to the harsh realities of war endured, mostly in silence. ‘Memories from Kilinochchi’, an ICES publication translated by Miriam Naveendran fills this lacuna most adequately and admirably.
A special merit of this publication is that it brings together first person memoirs of the civilian survivors of the war from no less a district of importance in Northern Sri Lanka than Kilinochchi, where some of the bloodiest and concluding battles of the North-East conflict took place. The victims are allowed to speak for themselves and we are justified in stating that the singularly mind-numbing tragedy which is war is presented to us in the most engaging and graphic fashion in this timely collection of memoirs.
The collection could be described as a veritable mirror to the Longsuffering the people of Kilinochchi were made to endure for no fault of theirs. Their life was a heart-rending saga of aerial bombardments, displacements, hunger and homelessness and such harrowing experiences are driven home to the reader with a freshness and cogency hardly encountered in the discourse and literature focused on the civilian victims of war and their suffering; also insensitively and glibly referred to by some as ‘collateral damage’.
We are informed that families were bombed in bunkers where they were forced to take shelter. Children lose their parents in blitzkriegs and vice versa and in almost a split second, happy homesteads are reduced to embers. Survivors of such horrors are compelled to trudge long distances in search of succor. Likewise, livelihoods are dramatically disrupted along with the wrecking of the future of the young on account of the endemic destabilization that war brings. Simply told, their lives are reduced to a living-death.
Hopefully, this collection of memoirs would be read by particularly those governing sections that are on record that they are ushering in a Sri Lanka where national harmony and unity will be enduring realities. For, although the battles have ended and the guns have seemingly fallen silent, many are the minds in the North-East that have been brutally scarred. So much so, we are compelled to say along with a suffering survivor: ‘The war on the outside has ended, but the war in the mind continues…’
Business
Trade Finance Association of Bankers – 28th Annual General Meeting

The Trade Finance Association of Bankers (TFAB) successfully held its 28th Annual General Meeting on February 19th, 2025, at Bank of Ceylon Auditorium in Colombo.
TFAB plays a vital role in Sri Lanka’s International Trade Finance sector, collaborating closely with key regulatory institutions, including the Import and Export Control Department, Sri Lanka Customs, and the Department of Foreign Exchange at the Central Bank of Sri Lanka (CBSL). These partnerships contribute to improving trade policies, addressing industry challenges, and developing effective solutions, while fostering industry knowledge, collaboration, and professional growth among its members
The current president Shyam De Silva – Assistant Vice President – Centralized Trade Operations – Hatton National Bank was re-elected at the AGM as the President of the Association for the year 2025 / 2026. He is a veteran Banker with over 25 years of experience.
President in his speech highlighted the challenges the industry is facing, such as unprecedented technological advancements, shifting global dynamics, and evolving regulatory landscapes.
He stressed his commitment to collaborating closely with the council through four key approaches of ‘Foster Innovation’, ‘Strengthen industry collaboration’, ‘Advocate for global standards’, ‘Support professional development’ to address the challenges outlined above.
He emphasized that his goal will be to build upon the strong foundation laid by his predecessors and guide this association through the dynamic landscape that is shaping the future of trade finance.
The AGM concluded on a positive note, reinforcing the association’s commitment to fostering growth and collaboration within the sector. Members expressed optimism about the future and a strong willingness to work together to navigate industry challenges.
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