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LB FINANCE donates over 25M worth of ventilators to support Sri Lanka combat COVID-19

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LB Finance renowned as the undisputed leader in the non-banking financial institution sector has stepped up to support the nation in combating the COVID-19 pandemic. LB finance pledged profoundly with the community for nearly five decades of service while persistently growing as a socially responsible corporate citizen in Sri Lanka.

LB Finance acted upon strengthening the nation by donating high quality US Brand Hamilton C3 model mechanical ventilators and ICU beds manufactured in Switzerland which costs over Rs.25 Million, to the Cardio Therapeutic ICU of the National Hospital of Kandy on the 12th of November 2020. The official handing over of this donation was graced by AGM – Human Resources Mr. Prasanna Kalinga, Chief Manager – Central Region Mr. Gayan Ayuwadana, other senior staff members and staff of LB Finance in the Central region with presence of the Acting Director – National Hospital of Kandy Dr. Erasha Fernando and staff of the hospital.

Through several other initiatives, LB Finance pledged their support to fight against COVID-19 pandemic. The main prominence of the initiative was to support the health authorities tackle the COVID-19 context with ease. This will also enable the expansion of operations conducted by the health authorities to aid the patients of various other ailments and ensure the community is served.

“With this initiative we at LB Finance are honored to offer support to the health sector in order to combat the second wave of COVID-19 pandemic by strengthening the availability of medical facilities that are scarce. We also thank the efforts made by the health sector, tri-forces, police and other front-line activist for their contribution provided to control the spread of the virus”, said Mr. Sumith Adhihetty Managing Director of LB Finance PLC. Mr. Adhihetty further expressed that LB Finance intends to donate more of these ventilators in the near future in order to facilitate the battle against the current pandemic.

“On behalf of the Medical fraternity we highly appreciate the contribution made by LB Finance at this critical juncture and undoubtedly these ventilators donated will not only help combat the COVID-19 pandemic but will also be beneficial in-order to treat patients with other ailments”, said Dr. Erasha Fernando, Acting Director – National Hospital of Kandy. Dr. Fernando further explained that Hamilton C3 model mechanical ventilators are of very high standards which is the most preferred ventilator brand by the health sector and this is the first instance that the National Hospital of Kandy has received Hamilton Brand ventilators. This compact high-end ventilator that consist of unique intelligent ventilation modes such as Adaptive Support Ventilation (ASV) that includes the optional INTELLiVENT-ASV which automatically controls the patient’s ventilation and oxygenation based on targets set by the clinician and on physiologic input from the patient, Protective Ventilation (P/V) Tool for lung assessment and recruitment, Integrated high flow oxygen therapy inclusive of a range other advanced features such as on-screen help for alarm troubleshooting and Integrated high-performance turbine. With these high-tech user-friendly features the Hamilton C3 model mechanical ventilators suitable for all adult, pediatric, and neonatal ventilation provides better safety for the patients receiving treatment while help reduce the duration for recovery.



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Business

Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle

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Tourists in SL: Dwindling numbers

Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.

The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.

“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.

According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.

“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.

The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.

They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.

Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.

“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.

They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.

“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.

In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.

The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.

By Hiran H Senewiratne

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Refurbished AAC Call Box declared open

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The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.

The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).

The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.

Call Technical Officer Sampath Madagama on 0767315696.

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Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026

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From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.

Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.

Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.

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