Business
Alliance Finance and WNPS PLANT forge long term conservation partnership
Build Conservation contribution into core products while developing Community Resilience in the central highlands.A new chapter in Sri Lanka’s forest restoration journey began with a landmark partnership between Alliance Finance Company PLC (AFC) and Preserving Land and Nature (Guarantee) Limited (PLANT), a news release from the Wildlife and Nature Protection Society (WNPS) said last week.
Formalized through a recent MoU, this multi-year collaboration integrates sustainability into AFC’s core products, supports the planting of 100,000 trees across PLANT sites, and initiates community programs near restoration areas.
The first engagement unfolds at Radella Estate in Nuwara Eliya, managed by Talawakelle Tea Estates PLC, where AFC will help establish a forest corridor – part of a 13 km stretch being developed by WNPS PLANT with multiple partners.
This initiative unites finance and conservation in a shared mission to restore native forests, enhance climate resilience, and deliver lasting benefits to local communities. AFC will fund the initial phase and aims to scale efforts over five years, combining ecological recovery with community development, nature education, and inclusive financial strategies to create a replicable model for sustainable restoration.
Radella: From Degraded Grassland to Living Forest
Radella Estate, bordered by the Nanu Oya stream and dominated by invasive grasslands, is part of PLANT’s Emerald Trails Initiative, an effort to reconnect fragmented habitats in Sri Lanka’s biodiversity-rich southwest. Restoration will focus on planting native pioneer species to stabilize stream banks, improve microclimates, and boost biodiversity.
Crucially, the project models how ecological restoration can align with community stewardship and climate adaptation, aiming to link restored areas with the Great Western mountain reserve, home to many threatened species.
“This partnership shows what can happen when stewardship replaces sponsorship,” said Sriyan de Silva Wijeyeratne, Chairman of PLANT. “Alliance Finance is not just funding a project; they are investing in a living, breathing system. Together, we are bringing forests back, empowering families, and giving communities a tangible stake in nature’s future. AFC is leading the way in demonstrating that sustainability efforts are long term oriented, and they were willing to provide longer term funding solutions for our work, once they understood our vision around Emerald Trails”.
A New Financial Model for Sustainability
Alliance Finance Company PLC (AFC), a pioneer in responsible finance and the first Sri Lankan finance company to commit to the UN’s Principles for Responsible Banking, brings more than capital to the table. Through this partnership, AFC is helping shape a new model of conservation- one that integrates environmental regeneration with long-term social and economic resilience. This collaboration reflects AFC’s dedication to Triple Bottom Line values: People, Planet, and Profit. It signals a transition from transactional CSR to embedded sustainability, where financial inclusion and ecological accountability go hand in hand.
“At Alliance Finance, we believe sustainability means uplifting communities while restoring ecosystems,” said Romani De Silva, the Deputy Chairman and Managing Director of AFC. “This partnership reflects our long-term commitment to financing regeneration, not just for nature, but for the people who depend on it. Together with PLANT, we are investing in a future that balances prosperity with planetary well-being. Through this initiative, we also aim to empower the next generation by linking tree planting with financial literacy via our Hapannu Savings Scheme — giving children a chance to grow their savings alongside the trees they help protect” he further added.
Community-Centered, Locally Led
At the heart of PLANT’s mission is the belief that restoration must be community-driven. Across 33 locations, PLANT prioritizes native biodiversity and science-based methods while empowering those closest to the land. The organization is building over 25 kilometers of forest corridors and works with local residents, especially women, youth leaders, and smallholder farmers, to lead restoration efforts. Through community nurseries, training, and income-generating opportunities, PLANT transforms degraded areas into thriving ecosystems. By rooting conservation in local hands, PLANT fosters shared ownership and responsibility, ensuring restored landscapes are protected for generations and that ecological revival goes hand in hand with community resilience.
Beyond Radella: A Growing Vision
The broader vision is to embed restoration into the cultural and economic fabric of the region. Planned efforts include partnerships with local schools for climate education and student-led planting, digital tools for monitoring tree survival, and community engagement for long-term forest stewardship. By aligning conservation with inclusive development and responsible finance, the AFC–PLANT partnership offers a scalable model for climate-smart restoration in Sri Lanka and beyond. As native saplings take root in Radella, they represent more than reforestation; they symbolize a cross-sector, inter-generational commitment to a future where both forests and communities can thrive together.
Business
DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth
DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.
Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.
A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.
Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”
DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.
The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.
As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.
Business
Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy
By Sanath Nanayakkare
On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.
This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.
Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.
International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.
This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.
The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.
Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.
As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.
Business
Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day
Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior
redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.
The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.
100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.
The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).
The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.
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