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Sri Lanka National Aribitration Centre signs MOU with Bangladesh International Arbitration Centre

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Mahbubur Rahman, chairman, Bangladesh International Arbitration Centre and Hiran de Alwis, chairman, Board of Governors, Sri Lanka National Arbitration Centre, at the signing of the agreement in Dhaka, Bangladesh, with officials of the two parties

According to news reports in Bangladesh, a major development for the promotion of international dispute resolution services and cross border professional trade services was recorded through the collaboration, on the basis of an MOU, between the Sri Lanka National Arbitration Centre (SLNAC) and the Bangladesh International Arbitration Centre (BIAC), a press release said.

The release added: ‘This understanding will potentially lead to enhancing trade and investment relations between Bangladesh and Sri Lanka by facilitating the exchange of vital information and organization awareness of alternate dispute resolution amongst the business community.

‘Amongst the other activities planned includes the utilisation with other infrastructure facilities to conduct arbitration conciliatory proceedings, mediation and thereby optimizing resources and enhancing efficiency.

‘The presence of the chairman of the Board of Governors, Sri Lanka National Arbitration Centre Hiran de Alwis and the chairman of the Bangladesh International Arbitration Centre and president of the ICC Bangladesh Mahbubur Rahman underscores the importance of the possibilities. Mr Rahman detailed the existing scenario in Bangladesh and the long standing business ties in Sri Lanka and potential between the two countries to establish best practices within the region. He said that as a fast growing economy in South Asia new avenues for developing trade and investment should be promoted. He looked forward to visiting Colombo and meeting business and government leaders

‘The signing of the MOU would be a great impetus for new potential in bilateral relations between the two countries, underlining the promotion of international trade and services and through effective dispute resolution mechanisms.

‘Hiran de Alwis, the chairman of the Board of Governors, SLNAC, commended BIAC for its proactive role in promoting a Memorandum of Understanding and thereby promoting both countries and its peoples to work jointly for a more efficient and internationally recognized means for settlement of international trade and investment disputes under due process of law. He stated that Sri Lanka was the first to open the economy in 1977 in South Asia. He referred to the long established legal regimes in Sri Lanka and international treaties signed. He said this is the time for the South Asian economies to seize the moment and enhance trade and investment ties so that the business communities, professional services and the peoples of the region can enjoy the fruits of economic growth.

‘The Sri Lanka National Arbitration Centre established in 1985 is the prime institution in administering arbitration for the resolution of commercial disputes in the Country. Seedantha Kulathilake, Chief Executive of SLNAC, Muhammad (Rumee Ali), vice chairman of BIAC, signed the MOU on behalf of their respective organizations at the BIAC office in Dhaka, Bangladesh.

‘The respective chairmen and signatories were joined by Priyantha Gamage, Board Member and Johann Atapattu, Coordinator, SLNAC together with Priyanka Roy, Senior Counsel and Ms. Moyee Mina Haque on behalf of BIAC.’



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From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

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FLIR, Marlbo promote smarter industrial maintenance

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Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

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