Business
DFCC Bank recognized with two merit awards at LankaPay Technnovation Awards 2022
DFCC Bank, one of the premier commercial banks in Sri Lanka, recently bagged two new accolades at the LankaPay Technnovation Awards 2022 for the year 2020/2021. The Bank was awarded as the ‘Best Common ATM Enabler of the Year under category B ’ and as ‘Bank of the Year for Financial Inclusivity under category C’ due to its many efforts at driving inclusive financing, and the significant growth in CEFTS, SLIPS and common ATM switch transactions and due to its high performance within the financial services sector.
The accolades highlight the Bank’s many inclusivity-focused initiatives, and the positive impact the Bank has had on all stakeholders in using innovative digitisation-based practices to further its reach and effectiveness. The Bank’s efforts in ensuring the continuous provision of services having implemented all Covid-19 related best practices and health and safety protocols, alongside its targeted communications to expand the reach of the DFCC MySpace ATMs contributed to the growth in use of common ATM switch. Furthermore, DFCC Bank’s extensive work on implementing the DFCC Virtual Wallet, alongside the DFCC iConnect and DFCC Pay applications which enabled customers to perform their daily transactional banking needs with ease and efficacy enabled recognition under the category of Bank of the Year for Financial Inclusivity.
The fourth edition of LankaPay Technnovation Awards – Sri Lanka’s pioneering payment technology innovation awards took place on the 29th of March at the Shangri-la Colombo. Organised by LankaClear, the operator of the country’s national payment network, the Technnovation Awards aimed to recognize the flag bearers of payment technology innovations in the country who have worked hard to promote digital payment mechanisms across the island, thereby enhancing the customer convenience.
Commenting on the Bank’s achievement, DFCC Bank CEO Thimal Perera stated, “DFCC Bank is proud to have won not one, but two awards at the recent LankaPay Technnovation awards. Our comprehensive customer value creation efforts over the past two years are at the very heart of these accolades, which also showcase the success of our efforts to digitise to ensure the greatest levels of customer service and thereby, customer satisfaction. By striving to create financial inclusivity we have set the framework in place for securing the economic resilience of our country, and it is gratifying to see that our lineup of innovative financial products and services such as iConnect and the DFCC Virtual Wallet have been recognized by the awarding body and peers alike, for both the significant value they have created and for how they have furthered the national digitisation agenda.”
As the Bank for Everyone, DFCC Bank’s comprehensive set of financial products and services, supported by its newly introduced, comprehensive, future-looking sustainability strategy, have notably succeeded in having a significant positive impact by empowering all stakeholders to reach newer heights, thereby setting the stage for achieving these accolades.
Business
From Mt. Fuji to Sri Pada: Lessons from a father-son climb
by SK Samaranayake
For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.
Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.
“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.
Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.
The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.
Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.
“Reaching the top was an achievement. Returning safely was success,” Gunasena said.
The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.
Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.
He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.
For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.
Business
FLIR, Marlbo promote smarter industrial maintenance
Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.
The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.
Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.
FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.
Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.
The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.
Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.
Business
Lumbini Tea Valley wins intl award for Singharaja Wirytips
Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.
The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.
Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.
Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.
Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.
The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.
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