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NSB wins Gold at the Technovation Awards – 2022

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The Fourth Technovation Awards organised by LankaPay dedicated to rewarding innovations and achievements in the Payment Technology Industry was concluded at a Gala event held at the Shangri-La, Colombo on the 29th of March 2022.

The National Savings Bank was awarded two golds at the latest iteration of the Technovation Awards, being ranked Bank of the Year for Excellence in Customer Convenience Category C and being ranked the Best Common ATM Enabler of the Year Category B.

Both of these gold awards are a testament to the NSB’s commitment to bring the latest in cutting edge technology to the banking and finance industry and thereby innovate the delivery of financial services across a growing demography. Further, these awards were the result of a fierce competition amongst all established players in the Banking and Finance industry, in twelve categories, evaluated in two stages by a panel of judges consisting of leaders of independent established bodies such as ICTA, CIMA, CA Sri Lanka and the CSE. The strict criterion considered the performance of these entities from 1st April 2020 to 31st March 2021 in delivering financial services to an otherwise sedentary population facing hitherto unknown quarantines and lockdowns.

The Technovation Awards unveiled in 2017 by LankaPay, is dedicated to recognising the contribution rendered to the entirety of society by Banks, Non-Banking Financial Institutions (NBFI) & Financial Technology (FinTech) entities which work silently in the background to bring financial inclusivity to a great segment of society. Without these unsung heroes, society at large would not be able to seamlessly conduct financial transactions at the convenience of their fingertips today.

This year’s theme was “Honouring the Digital Superheroes” is especially relevant in today’s backdrop given the socio-economic impact of COVID-19 pandemic across the globe. Actions taken to mitigate the spread of the Coronavirus had negative implications on the economic growth of the global economy and is especially detrimental to the Banking & Finance Industry. It could be said that keeping abreast of technological innovations have ensured the survival and growth of the Banking and financial institutions during this challenging period.

As such, this year’s awards were appropriately focused on entities who have strived to bring financial services without interruption to the people whilst facing hitherto unknown challenges and yet overcoming them via innovation.



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Business

From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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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.

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FLIR, Marlbo promote smarter industrial maintenance

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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.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

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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