Business
Nestlé Lanka partners with Commercial Bank to drive sustainable dairy farming
Nestlé Lanka and the Commercial Bank of Ceylon partnered to launch an initiative to support dairy farmers with concessionary finance to expand their operations and increase milk yield, in line with the purpose of implementing regenerative agricultural practices to reduce greenhouse gas emissions in the dairy value chain.
To support Sri Lankan dairy farmers facilitate the necessary conditions and equipment in their farms to increase yield per cow, Nestlé Lanka formed a partnership with Commercial Bank to put together a value chain financing programme aimed at providing farmers with tailor-made financial solutions at a nominal interest rate. As part of the financing programme, Commercial Bank will also cover community development initiatives such as improving financial literacy and technical awareness of dairy farmers to support in uplifting their livelihoods. Nestlé aims at reaching 300 farmers through the financing programme by year end, from which 25 farmers are selected to benefit from the rollout of the first phase.
“In line with our steadfast commitment towards developing Sri Lanka’s dairy industry, we consistently help our farmer network to build a livelihood that is both profitable and sustainable. We are excited to work closely with the Commercial Bank of Ceylon on this financing programme, to not only support in uplifting the livelihoods of our dairy farmers, but also have a positive impact on the planet. Staying true to our purpose of ‘Unlocking the power of food to enhance quality of life for everyone, today and for generations to come’ we will work together with our partners and dairy farmers as we progress in our ambition of achieving net zero emissions by 2050”, said Bernie Stefan, Managing Director of Nestlé Lanka.
“As the largest private bank in Sri Lanka, Commercial Bank has always recognised the importance of providing inclusive financing solutions to rural communities of Sri Lanka that are mainly engaged in agriculture, livestock and micro businesses. We have set up special Agriculture and Microfinance Units (AMFU) to exclusively cater to this segment. The Bank is in the process of further expanding its AMFU operation to stimulate economic growth and to promote self-sufficiency in agri produce. A supply chain financing programme of this nature involving two highly reputed companies is the best response to the financial exploitation that is prevalent in underbanked and unbanked communities. It can enable these communities to access the formal financial system and be exposed to an environment that is catalytic in building their competitiveness”, said Sanath Manatunge, Managing Director / CEO of the Commercial Bank of Ceylon.
Having operated in Sri Lanka over 115 years, Nestlé supports the livelihoods of over 12,000 dairy farmers through the procurement of milk, contributing significantly to the local milk industry. With a vision of reaching net zero emissions by 2050, the company is committed towards adopting greener practices across the value chain, from farm to table. Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé has nourished generations of Sri Lankan families with high quality food and beverages from early childhood to old age.
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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