Business
Banking legend Priyantha Talwatte takes over as chief Executive Officer at SDB bank
A well respected and accomplished personality in the Banking industry, Priyantha Talwatte, has assumed duties as Chief Executive Officer at SDB bank, with effect from 23rd November 2022. Talwatte has 30 years of senior leadership experience with a track record of delivering sustainable stakeholder value. He was a pioneering senior leader shaping the ascend of Nations Trust Bank PLC (NTB) in Sri Lanka from a small size lender to a top banking powerhouse. He spent the last 20 years at NTB joining them as a corporate manager in 2002 and was the CEO/Director for the last two years.
During his 20 years at that bank, Mr. Talwatte spearheaded the launch of American Express Cards in Sri Lanka, building an enviable acceptance network that is the best in the region, among many other pioneering achievements. He developed segmented banking propositions and established a sales and service culture of the bank and expanded the NTB brand to become a top of the mind brand name in its effective target markets. Also he setup the banks 24×7 best in class contact centre, and a centre of excellence for collections and recovery. He led the banks analytics initiative and digital initiative to become one of the strongest digital banks in Sri Lanka and has extensive experience in developing credit underwriting and behaviour score card models and implementing risk ratings for effective risk management of diverse portfolios. During his tenure as CEO/Director at NTB, the bank transitioned to a fully in-house digital banking development environment providing a full stack of digital banking services on a micro services platform.
Mr.Talwatte is an alumnus of Harvard Business School (AMP) Boston USA and is a renowned speaker and trainer of leadership and Management Development.His vast experience in dealing with Corporate, SME and Retail clients and involvement in all aspect of banking services, building, and developing highly engaged work teams will support the SDB banks transformation to a New Age development bank.
SDB bank is a licensed specialized bank supervised by the Central Bank of Sri Lanka, listed on the Main Board of the Colombo Stock Exchange, with a Fitch Rating of BB+(lka) (Stable) and ICRA Rating (SL) BBB (Stable). A future-ready bank, providing holistic, 360-degree support to its customers, SDB bank is constantly catering to ever-changing needs, through a combination of financial support and value additions to life and business through mentorship and knowledge-sharing focusing on areas such value chain enhancements and financial management. SDB bank is also committed to a sustainable business model in terms of environmental, social and governance sustainability. This commitment is reflected in the Bank’s financing activities, giving preference to businesses and initiatives that take a sustainable approach, over those that do not. SDB bank has established itself as a financier that values every customer equally, for their potential and supports the development of individuals and SMEs with a special focus on women empowerment and the realization of the dream of digital inclusion for the masses.
The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.
The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.
AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.
According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.
Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.
The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President, K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.
[PMD]
Business
IceWarp expands into Sri Lanka, fostering European innovation in collaboration with FentonsIT
IceWarp, a global leader in business communication solutions, has officially launched its cutting-edge platform in Sri Lanka, bringing European expertise in email and collaboration solutions to support the country’s evolving business landscape.
This expansion is driven by a strategic partnership with Fentons Information Technology (FIT), the Information Technology arm of Hayleys Fentons Limited.
The grand launch event held at The Kingsbury Colombo on 4th April, 2025, was graced by several distinguished guests, including Chief Guest Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC.
The presence of Adam Paclt, Global CEO of IceWarp, and Pramod Sharda, CEO for India and the Middle East of IceWarp, along with their global team, highlighted the significance of this expansion. Industry experts, government officials, corporate leaders, and CIOs from the banking, financial services and insurance sectors were in attendance as well, reflecting strong local interest in IceWarp’s European expertise.
With this launch, Sri Lankan businesses now have access to an affordable, scalable and secure alternative to Microsoft 365 and Google Workspace. IceWarp’s advanced Collaboration Suite integrates a wide range of tools into a single, unified platform designed to streamline communication and boost productivity. Offering flexible hybrid deployment options and cost-efficient solution, IceWarp enables organisations to optimise their operations without compromising security or functionality.
Eventistry Sports, a trailblazer in innovative sporting events, has unveiled the Sri Lanka Padel League (SLPL), the nation’s first franchise-based padel tournament, set to debut in June 2025. This groundbreaking league promises to redefine Sri Lanka’s sports landscape by creating a dynamic national platform for athletes while fostering unity among fans, brands, and communities.
The SLPL will showcase six franchise teams, each embodying the spirit of iconic Sri Lankan locales: the Colombo Chargers, Yala Rangers, Hikkaduwa Riders, Ella Hawks, Arugambay Vipers, and Trinco Warriors. These teams will not only ignite regional pride but also unite the country through a shared passion for padel—a fast-paced racquet sport merging tennis and squash, played on enclosed courts.
“The SLPL is more than a league; it’s a movement,” declared Karin Wijeratne, Director of Eventistry Sports. “By blending franchise sports with Sri Lanka’s vibrant culture, we’re creating a platform where players gain national recognition, fans rally behind their hometown heroes, and brands engage with communities in meaningful ways.”
The league’s launch on June 21–23, 2025, at Colombo’s Padel House courts (CR&FC) will kick off with three days of high-octane matches, preceded by a star-studded player auction on May 16th at The Vault, Colombo City Centre. Local talent—both professional and intermediate—will be drafted by franchise owners, with international registrations now open to elevate the competition’s global appeal.
Please log in to: www.slpadelleague.com and social media: @SriLankaPadelLeague (Facebook & Instagram) for more information.
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