Business
Delikedali Wewa starts restoration under Sampath Bank’s ‘Wewata Jeewayak’ programme
Sampath Bank recently started the restoration process of the Delikedali wewa in Dambana, Mahiyanganaya. The tank built recently as 1979, acts as the main water supply for 104 acres of paddy fields in the area and provides more than 90 families with their livelihoods. It is also of the utmost importance for the livelihoods of the indigenous community in the area. Despite its importance to the local community, the tank has not had any repair or maintenance since it was built.
The tank’s sludge levels have risen constantly in the past few decades, resulting in difficulties to store large quantities of water. As the bunt and sluice are in need of reconstruction, many farmers as well as indigenous people living in the area face hardships. However, with the assistance of the ‘Wewata Jeewayak’ initiative, the spill and water canals are in the process of being developed, which would ease the trouble of citizens having to trudge miles in search of water for irrigation and consumption purposes. This restoration is a reflection of the Bank’s newest Corporate Campaign, ‘Pohosath Minissu: values that bind us beyond a transaction,’ which brings a fresh and vibrant perspective to their iconic brand. Pohosath Minissu believes that true wealth lies not only in material wealth, but also in shared beliefs and values, which binds the Bank to the whole of Sri Lanka: to its people and nature. By committing to restoring the Delikedali wewa, under the ‘Wewata Jeewayak’ restoration programme, Sampath Bank has reaffirmed its commitment towards Sri Lanka’s people, particularly its indigenous community.
“Today, it is no secret that now more than ever, we feel the importance of the farmer who enables us to eat our daily rice,” said Sampath Bank’s Executive Director / Chief Financial Officer – Ajantha De Vas Gunasekara, attending the groundbreaking ceremony of the tank’s restoration. “It is our duty to protect the farmers and provide the necessities they need in kind. If there is no water, there is no farming. Therefore, maintaining the water supply and the irrigation system is essential. Unfortunately, many of our tanks have now fallen into disrepair, something we’re aiming to change with the ‘Wewata Jeewayak’ programme. We’re certain with the restoration of this tank, the farming community will obtain added benefits and aid for a prosperous tomorrow.
President of the Delikedali Wewa Farmers’ Association Ajith Amarasiri, giving his thoughts, said: “Almost everyone in this region lives by farming. For some time, we were able to farm very well, and we received water as needed from the tank. But with the tank falling into disrepair, we’re unable to cultivate even a seasons’ worth. We decided it was time to repair this tank. But we didn’t have the resources to do so. We’re very happy that Sampath Bank saw our suffering and stepped in to help us. They took up not just repairing the tank, but also repairing our lives.”
Begun more than twenty years ago, ‘Wewata Jeewayak’ is a committed, coordinated effort to rebuild and restore the traditional irrigation network and thus ensure a dependable supply of water for dry zone farmers to cultivate their paddy lands and reap the harvests of both the Yala and Maha paddy seasons. To date it has restored and given back a total of 12 tanks in the country, with several more completing their restoration processes.
Simultaneously with this ‘Wewata Jeewayak’ programme, another step under the ‘Gasai Mamai – Pubudu Pothai’ tree planting programme was launched at Primary Viddyala, Dambana in Mahiyanganaya Education Zone by distributing saplings of fruit plants to school children, along with the responsibility of planting and taking care of it within the school premises. A nationwide state project, this aims to improve school children’s understanding of the environment, as well as enhance their agricultural skills while developing a source of financial income for the school.
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.
Business
India’s rise in manufacturing sector seen as holding out possibilities for SL
India’s rapid rise as a global manufacturing hub and consumer market is reshaping South Asia’s apparel landscape, creating both urgency and opportunity for Sri Lanka to reposition itself through deeper regional integration, Acting Indian High Commissioner to Sri Lanka Dr. Satyanjal Pandey said recently at the Sri Lanka Apparel Exporters Association (SLAEA) Annual General Meeting in Colombo.
Addressing industry leaders at Cinnamon Life, Dr. Pandey said the next phase of growth in South Asian apparel will be driven not by competition within the region, but by collaboration across it, particularly between India and Sri Lanka.
“India and Sri Lanka bring very different but highly complementary strengths, he said. “India offers scale, raw materials, a vast labour pool and a rapidly expanding domestic market. Sri Lanka brings world-class manufacturing standards, compliance, speed, flexibility and trusted relationships with premium global brands. Together, these strengths can create globally competitive regional value chains.”
Dr. Pandey revealed that India had concluded a major trade agreement with the European Union earlier in the day, granting tariff-free access across more than 9,000 product lines, including apparel, with tariffs reduced from 12 percent to zero.
The agreement, he noted, reinforces India’s growing centrality in global trade and underscores the need for Sri Lanka to move swiftly in aligning its trade and investment strategies with regional developments.
He stressed that India’s objective is not to displace Sri Lankan apparel producers, but to grow together in an increasingly complex global market where buyers are demanding resilience, sustainability and regional diversification.
India today is one of the world’s fastest-growing major economies, with a large and youthful population, expanding middle class and rising apparel consumption. For Sri Lankan manufacturers, this presents opportunities not only as a sourcing partner, but also as an export destination for value-added apparel, technical textiles and sustainable fashion.
Against this evolving landscape, Sri Lankan industry leaders highlighted the urgency of aligning domestic policy and regulatory frameworks with India’s accelerating trade momentum.
Sri Lanka Exporters Association chairperson Ms. Rajitha Jayasuriya said global regulatory compliance has become a prerequisite for market access, particularly in Europe.
She pointed to the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), enhanced traceability requirements and Digital Product Passports (DPPs) as measures that will increasingly shape trade flows.
“These are no longer optional standards. They are a licence to operate, she said, adding that Sri Lanka must urgently build national support systems to help SMEs and supply chain compliance through transparency, sustainable materials and robust data systems.
Jayasuriya warned that failure to secure the renewal of Sri Lanka’s GSP Plus facility would further weaken competitiveness, especially as India strengthens its trade position with the EU.
“With India moving ahead rapidly, Sri Lanka must mobilise faster to protect preferential access and avoid erosion of market share, she said.
India also featured prominently in the industry’s forward-looking trade agenda.
Jayasuriya said priorities for 2026 include securing quota-free access to the Indian market, ensuring predictable trade flows and deepening Sri Lanka’s integration into India-centric regional value chains.
“A stronger India–Sri Lanka apparel corridor is not just an economic opportunity; it is a strategic imperative, she said.
Policy reform at home was identified as a critical enabler of regional integration.
Jayasuriya called for accelerated digital reforms, including the introduction of a fully fiscalised e-invoicing system for exporters, to improve liquidity, compliance and transparency.
She noted that countries such as India have already moved ahead in this area, strengthening their competitiveness.
The apparel industry’s performance in 2025, she said, demonstrated what is possible when factory-level resilience is matched by responsive policymaking. However, she cautioned that regional competitors such as Cambodia, Vietnam and Bangladesh continue to move aggressively on scale, automation and trade agreements.
By Ifham Nizam
Business
Arpico NextGen Mattress gains recognition for innovation
Arpico, the longstanding frontrunner in Sri Lanka’s mattress industry, recently received the award for 2nd Runner-Up in the category of Innovative Product of the Year at the 2025 PRISL Industry Awards. Hosted by the Plastic and Rubber Institute of Sri Lanka (PRISL), the awards honour outstanding industry contributions to the plastics, rubber, latex, and recycling sectors.
Awarded for Arpico’s NextGen mattress, the recognition reaffirmed the company’s commitment to crafting state-of-the-art sleep solutions and providing its customers with seamless retail experiences.
The Arpico NextGen mattress stands as a distinctive example of Arpico’s vision. With its inclusion of profile-cut air-cooling pocket technology, the NextGen mattress is the product of intensive research and development, designed to align with Arpico’s mission to innovate products that enrich everyday living. Built using cutting-edge German Computer Numerical Control (CNC) foam-cutting technology, the NextGen’s design aims to amplify cooling, essentially enhancing sleep quality through its superior comfort, adaptive support, and long-lasting performance, allowing sleepers to wake rejuvenated.
Discussing the award, Lalith Wijeyesinghe, Managing Director of Arpitech (Pvt) Ltd, Richard Pieris & Company PLC, said, “The award is a testament to the efforts and ingenuity of our team, led under the visionary guidance of our Group Chairman, CEO, and Managing Director of Richard Pieris & Company PLC, Dr Sena Yaddehige. It reaffirms our endeavours to design products that integrate emerging technologies for the benefit of our customers. Furthermore, we recognise the award as an incentive to continue pushing the boundaries of our achievements and pursue ever greater heights of success.”
Arpitech (Pvt) Ltd is a leading trailblazer in polyurethane foam and spring mattresses, sheets, cushions, and siliconised fibre pillows, backed by a corporate legacy spanning over four decades of manufacturing excellence. The company upholds the highest quality standards, having secured the prestigious ISO 9001:2015 certification. Furthermore, Arpico adheres to the SLS standard for its acclaimed Arpifoam. Renowned as a trusted brand, Arpitech (Pvt) Ltd draws from the 90-year legacy of its parent company, the Richard Pieris & Company PLC. From a modest beginning as a filling station in 1932, Richard Pieris & Company has grown into one of Sri Lanka’s most diversified business conglomerates with interests in retail, plantations, rubber, furniture, tyres, plastics, insurance, stockbroking, financial services, and logistics. It is one of the largest listed entities on the Colombo Stock Exchange, with a remarkable annual turnover.
Business
Advice Lab unveils new 13,000+ sqft office, marking major expansion in financial services BPO to Australia
Advice Lab, a leading provider of financial services BPO solutions to the Australian market, announced the opening of its new 13,000+ square‑foot office in Colombo, one of the most modern and dynamic workspaces in Sri Lanka. The move marks a significant milestone in the company’s rapid growth as a BPO and highlights its ongoing commitment to creating valuable job opportunities across Sri Lanka’s professional workforce.
The state‑of‑the‑art facility has been thoughtfully designed to support the company’s expanding operations and its growing portfolio of Australian financial advisers, accountants, and mortgage professionals. Purpose‑built for scale and efficiency, the workspace accommodates larger teams and advanced technology infrastructure while prioritizing employee well‑being and productivity. This emphasis on a people‑first culture is reflected in the inspiring, comfortable, and energizing environment created throughout the new office.
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