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Sampath Bank wins Euromoney and Asiamoney Awards for Corporate Social Responsibility

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Sampath Bank was recently recognized as Sri Lanka’s best bank for social responsibility by Asiamoney and Market Leader CSR from Euromoney magazines. Both lauded Sampath Bank’s innovative approach and the impact of its successful social outreach programs, and wrote approvingly of how the Bank adapted to difficult circumstances. Euromoney Market Leaders makes an independent appraisal of the leading financial service providers across key banking categories in each market. The result of a rigorous assessment process, these rankings are part of Euromoney magazine’s awards programs that recognize financial institutions for their accomplishments and capabilities within a 12-month period against the backdrop of global events. In the confined world of international banking and finance, Euromoney and Asiamoney awards are the coin of the realm.

Both magazines noted in separate statements that as working capital dwindled during the coronavirus pandemic, Sampath supersized its ‘diriya’ loan scheme for small and medium-sized enterprises, prioritizing green lending. It also scaled up sustainable lending to help Sri Lanka reach one of its environmental objectives: to ensure that by 2030, 70% of the country’s energy will come from renewable sources. Sampath Bank helped support Sri Lanka’s import/export industry, prioritizing prudent management of its foreign currency position. The Bank acted pre-emptively to procure more foreign currency early in the year, and ensured uninterrupted inflows of essential foods and pharmaceuticals. Facing unprecedented, the Bank responded with out-of-the-box thinking and novel solutions. Heeding the Central Bank’s directive to reschedule existing non-performing loans of pandemic-affected businesses, Sampath Bank negotiated mutually acceptable repayment plans. It also distributed with fees for returned cheques, stopped cheques and late payments. When the second wave of the pandemic hit in 2021, Sampath Bank restructured some loans, offering customized deferment plans to help corporate customers ease out of their financial crunch.

Sampath Bank also expanded its ‘Waweta Jeewayak’ tank restoration initiative and its ‘Sampath Saviya’ entrepreneurship development program, and donated medical equipment to help state hospitals cope with COVID outbreaks. Both Euromoney and Asiamoney also commended Sampath Bank for strengthening its core business, noting that the Bank balanced growth, risks and costs: Net interest income rose 23.2% from the previous year and after-tax profit increased 55.2%. The Bank’s efforts to pare down operating costs paid off as well: its cost-to-income ratio dropped to 35.3% from the previous year’s 43.5%. The magazines credited much of Sampath Bank’s outstanding performance to its active monitoring of impairment risks and its efforts to absorb losses during a perfect storm of health, socioeconomic and political crises. “It is an impressive achievement,” they concluded.

“I was delighted to hear that both Euromoney and Asiamoney magazines recognized Sampath Bank as Sri Lanka’s Market Leader CSR and Best Bank for Corporate and Social Responsibility respectively,” said Nanda Fernando – Managing Director, Sampath Bank PLC. “Their editorial boards gave us these awards for our resilience in the face of seemingly intractable problems, and for the way we innovated our way through a very tough year. We are not over the problems of 2022, but we face the future with confidence.”

Sampath Bank is a 100% local bank that has deeply rooted itself in the lives of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including introducing ATMs to Sri Lanka, extended banking hours, slip-less banking and adaptation of block-chain technology to name a few. As part of its visionary 2022 approach, the bank is steadily transforming itself into a ‘tech company engaged in banking,’ from the traditional approach of a bank adopting technology.



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Sri Lanka betting its tourism future on cold, hard numbers

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“From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility holds its panel discussion

National Airport Exit Survey tells quite a story

Australia’s role here is strategic, not charitable

In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.

The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.

Tourists have a real sense of achievement after hiking the trail to Ella Rock

The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”

Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.

“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.

“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.

By Sanath Nanayakkare

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New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda

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New Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola

In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.

Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.

“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.

To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:

Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.

Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.

Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.

Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.

Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.

By Sanath Nanayakkare

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Brandix recognised as Green Brand of Year at SLIM Awards 2025

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Brandix has championed best practices in the sphere of sustainable manufacturing over the years

Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.

The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.

A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.

Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”

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