Business
CDB concludes first digital art competition ‘CDBRankatiSiththamRoo 2021’ on a high note
Citizens Development Business Finance PLC (CDB), Sri Lanka’s premier financial services provider, launched ‘CDB RankatiSiththamRoo 2021′ in commemoration of world children’s day with the aim of inspiring young minds to express themselves and create. The initiative concluded on a high note on October 9, 2021, via a Facebook live stream. The participants’ submissions for the islandwide Digital Art Competition were exhibited prominently, followed by an interactive session for the children.
To develop the necessary cognitive skills, children must be able to express themselves creatively at a young age. However, due to the current pandemic, children are confined to their homes, with fewer opportunities to express themselves creatively. Understanding this, CDB established a platform for them to freely express themselves. The final event, led by veterans RenukaBalasooriya and Prageeth Rathnayake, was more than a mere exhibition; it also included an interactive knowledge sharing session for the children.
‘CDB RankatiSiththamRoo 2021’, was open to children 5-12 years of age. There were three winners selected from an overwhelming number of over 1000 registered participants. The 1st Place was awarded to Chamika Thehan, Age – 5 Years from Anuruddha Kumara National College, Nawalapitiya, Nethru Sadilka, Age – 8 Years from GonagalaMadyaVidyalaya, Galle and GangulDanodya, Age – 12 Years Dharmashoka College, Ambalangoda, were awarded 2nd and 3rd places respectively.
Commenting on the initiative, the host of the event, RenukaBalasooriya said; “CDB has curated an ideal activity by organizing this event for the children, especially amidst the current pandemic situation. Art is a special subject that teaches many things. I believe motivating the children to put on their thinking caps is great. It gives an opportunity to be creative in a time where there is uniformity in their lifestyles during the pandemic. I wish the organization all the very best and hope ‘RankatiSiththamRoo’ is conducted annually.”
Commenting further on the initiative, the judge of the event, PrageethRathnayake added; “It was mesmerizing to see the creative minds the future of our country carries. The art submissions were not mere sketches; all the drawings had a story behind their artwork. With the ongoing pandemic situation, the children have been housebound for a long time period, and children this young must have been adversely affected. There were deep thoughts and stories behind each drawing, and as the judge, I decided to put myself in their shoes when selecting the best. Selecting the best was tough, as all of them were beautiful. CDB has done great in initiating such an event for the children”.
Citizens Development Business Finance PLC (CDB) is a publicly quoted corporate leader positioned among the Ten Best Sustainable Companies, Top Thirty Businesses and Top Five Largest Non-Banking Financial Institutions in Sri Lanka with an islandwide presence, driven by a state-of-the-art technological platform that has revolutionized the way financial transactions are performed. To learn more, visit www.cdb.lk
Business
JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification
JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).
JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.
Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.
A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.
Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:
“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”
The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.
Business
Industry bodies flag gaps in Draft National Electricity Policy
The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.
Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.
The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.
The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.
Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.
The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.
Business
Bank of Ceylon partners with 36th APB Sri Lanka Convention
Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.
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