Business
Sampath Bank completes 20th restoration under ‘Wewata Jeewayak’ by rejuvenating Kidachchoori Tank in Vavuniya, handing over to the community on Thai Pongal Day

Sampath Bank completes 20th restoration under ‘Wewata Jeewayak’ by rejuvenating Kidachchoori Tank in Vavuniya, handing over to the community on Thai Pongal Day Sampath Bank stepped forward to provide much-needed support to the farmers of the Northern region who are battling intense heat and unforgiving soil by successfully restoring and gifting the Vavuniya Kidachchoori Tank to the people of the region under its award-winning Corporate Sustainability Responsibility initiative, ‘Wewata Jeewayak’. Sampath Bank Managing Director Ayodhya Iddawela Perera, Senior Deputy General Manager – Marketing & Customer Care Tharaka Ranwala, Chief Human Resource Officer Dr. Lalith Weragoda, Development Commissioner General Agrarian Development A.H.M.L. Aberathna, government officials, Kannagi Farmers’ Association officers and members as well as a large number of local residents were present at the occasion.
Farmers of the North struggle to cultivate their lands due to minimum resources but make a significant contribution to the nation’s economy by providing essential food items such as chillies, onions, and potatoes, thereby helping to strengthen the agro economy of the nation. Amidst such a backdrop where they are faced with numerous hardships on multiple fronts, these Northern farmers also harvest hundreds of acres of paddy to supply a significant amount of rice to the nation. Having understood the vital role played by these Northern farmers, Sampath Bank took the necessary steps to commence the restoration of the Vavuniya Kidachchoori Tank as part of ‘Wewata Jeewayak’, making the initiative the first irrigation project of the Northern Province and the 20th overall across the island.
Although the farmers of the region made numerous futile attempts while being faced with an ever-increasing need for a steady supply of water to cultivate their lands during both the Yala and Maha seasons they were left with limited options to cultivate their large land area. Having eventually grown accustomed to surviving on a single harvest season, through their Farmers’ Association they approached several organisations in the hope of receiving support to restore the tank and subsequently connected with Sampath Bank’s ‘Wewata Jeewayak’ program to meet their objectives. Accordingly, Sampath Bank took on the project under the ‘Wewata Jeewayak’ program to restore the Vavuniya Echankulam Kidachchoori Tank with the aim of ensuring a better future for farmers and their families while also rejuvenating dying traditional irrigation systems.
While 290 farming families occupying 185 acres of land are direct beneficiaries of the Kidachchoori Tank, the dilapidated state of the tank in recent years has greatly hampered their farming activities. The tank’s two sluices were not functioning well and water was wasted due to significant leaks in both sluice gates. The daily water leak was similar to amount of water sufficient for cultivating 5 acres of paddy lands. Further, the tank was not sufficiently filled with water due to the damaged feeder canal which was previously connected to a cascaded irrigation system.
Sampath Bank stepped forward to restore the tank and transform it into a complete irrigation system giving hope to the Vavuniya Echankulam farming community. Within a short period of time, the bank was able to successfully restore the entire irrigation system by overhauling the two sluice gates to stop any water leaks, restoring the feeder canal and attending to any other restoration work necessary. The bank was provided technical assistance during the project by the Vavuniya District Department of Agrarian Development.
Sharing her thoughts during the Thai Pongal celebration at Vavuniya Echankulam, Sampath Bank Managing Director Ayodhya Iddawela Perera stated, “I am happy to announce the 20th successful tank restoration in Sri Lanka under our ‘Wewata Jeewayak’ Corporate Sustainability Responsibility initiative carried out at the Vavuniya Kidachchoori Tank. The accelerated restoration effort has delivered a complete irrigation system to the hardworking farming community of the Northern Province. Now they can move forward and cultivate and harvest their paddy fields during both seasons.
We believe that this is wonderful news not only for them but the entire nation as well. Sampath Bank will continue to make all possible efforts to contribute towards uplifting the economy of the farming communities of Sri Lanka. In closing, I would like to convey our gratitude to all those who have contributed in various ways to make this project a tremendous success including the Department of Agrarian Development and other government bodies, officials, Kannagi Farmers’ Association and residents of the area.”
Business
Environmental devastation seen as precipitating economic crisis in Northern Sri Lanka

As parched soil cracks underfoot and once-thriving fields lie fallow, the farmers of Mannar are living on the frontlines of a crisis that is no longer just environmental — it’s economic. Climate change has tightened its grip on this northern region, and with each failed monsoon and dwindling harvest, the livelihoods of entire communities are evaporating.
The Centre for Environmental Justice (CEJ), along with local stakeholders, has raised urgent concerns over the increasingly hostile conditions faced by farmers in the region. At the heart of the problem are erratic weather patterns — prolonged droughts, unpredictable rainfall, and extreme heat — all of which disrupt the delicate balance required for traditional farming practices.
“The erratic weather patterns triggered by climate change are not only drying up water sources but also pushing already vulnerable farming communities deeper into poverty, Dilena Pathragoda, Executive Director, CEJ told The Island Financial Review.
He added: “The economic consequences are severe — from crop failures to loss of livelihoods — and without timely interventions and climate-resilient strategies, the long-term sustainability of agriculture in regions like Mannar is in jeopardy.”
In 2024 alone, nearly 3,000 acres of paddy land in Mannar District were left uncultivated due to lack of water, according to data from local agrarian offices.
In other words, this represents an estimated loss of over Rs. 225 million in potential harvest income, based on average yields and market prices. Farmers who once cultivated rice, onions and vegetables with predictable seasonal success now face devastating uncertainty.
The failure of rain-fed tanks (reservoirs) and the drying up of canals have made irrigation nearly impossible in some areas. In Nanattan and Musali divisions, water availability dropped by some 60 per cent compared to historical averages. As water becomes scarcer, so do incomes, leading many families to take on debt or abandon agriculture altogether in search of daily-wage labour.
This agricultural downturn is having ripple effects throughout the local economy. In Mannar, where over 60% of households depend directly or indirectly on farming, the collapse of agricultural productivity has led to rising food prices, shrinking local markets, and reduced cash flow for small businesses. Fertilizer vendors, seed suppliers and even transport workers are reporting significant losses.
“Some farmers have seen their seasonal incomes drop from Rs. 200,000 to under Rs. 50,000, noted one local agriculture officer. “Many are defaulting on informal loans and are now relying on relief aid to survive.”
Economists warn that this trend, if unchecked, could contribute to broader socio-economic instability. Rural depopulation, youth migration, and heightened inequality are already being observed in vulnerable districts. Women, in particular, face added burdens as household food security becomes more precarious and access to clean water requires greater physical labor.
Despite these challenges, experts insist that solutions are within reach. Climate-resilient farming techniques — such as drip irrigation, drought-tolerant crops, and community-managed water systems — have shown promise in pilot projects across other dry zones. However, scaling these up requires political will, coordinated planning, and substantial investment.
Environmental advocates also call for a shift in national agricultural policy. “Rather than pouring money into outdated infrastructure or monoculture subsidies, Sri Lanka must pivot towards sustainable, adaptive farming models, said Pathragoda. “This includes better support for farmers’ education, access to technology, and integrated land and water management.”
Civil society groups, including CEJ, are urging both the government and international donors to treat the Mannar crisis as a wake-up call. Climate finance mechanisms, they argue, must be made accessible to grassroots communities, not just large-scale development firms. Moreover, climate justice must take center stage — recognizing that those suffering most have contributed least to the global emissions causing these disruptions.
As Sri Lanka navigates an uncertain economic recovery, ensuring food security and rural resilience is more than an environmental imperative — it’s a matter of national stability, Pathragoda stressed.
By Ifham Nizam
Business
CSE and NCE partner to empower Sri Lankan exporters

The Colombo Stock Exchange (CSE) and the National Chamber of Exporters of Sri Lanka (NCE) entered into a strategic partnership to support Sri Lankan exporters by enhancing their access to capital market opportunities and broadening visibility for their businesses.
The partnership agreement was signed by Shiham Marikar, Secretary General / CEO, The National Chamber of Exporters of Sri Lanka, and Ms. Vindhya Jayasekera, Chief Executive Officer Designate, CSE. The signing ceremony was attended by Ms. Dilini Gamlathge, Assistant Director, Member Services/Operations, The National Chamber of Exporters of Sri Lanka; Ms. Punyamali Saparamadu, SVP Commercial, CSE; Ms. Himashi Wickramasinghe, Manager, Commercial, CSE; Ms. Shivandini Liyanage, SVP, Legal, Enforcement and Compliance, CSE; and Kanishka Gunawardana, Manager, Enforcement and Compliance, CSE.
This partnership with the CSE will provide NCE members—both experienced exporters and aspiring ones—with access to vital capital market knowledge and services to support their business expansion efforts.
This collaboration aims to offer exporters tools and resources to strengthen their market presence and growth potential. It also creates a platform for SMEs within the export sector to consider listing on the Colombo Stock Exchange, particularly through the Empower Board—dedicated to facilitating capital raising for small and medium-sized businesses.
Through this partnership, CSE will also gain direct access to a network of established exporters, enhancing the reach of capital market education, awareness-building, and strategic financing solutions among key players in Sri Lanka’s export economy.
The collaboration will further enable opportunities for joint forums, knowledge-sharing sessions, and networking events, providing exporters with guidance on alternative avenues for capital generation and highlighting the benefits of corporate good governance and transparency through listing.
This partnership adds credibility to the CSE and NCE’s shared efforts and signals trustworthiness to potential stakeholders, offering significant advantages for fostering growth, strategic opportunities, and long-term development within Sri Lanka’s export sector.
Business
A case for a visa-free tourism regime in SL

Sri Lanka should not have any restrictions for tourist arrivals and a visa-free regime is the need of the hour to woo more visitors, said travel and aviation expert Nihal C.B. Perera.
The founder of a family-owned company in Sri Lanka, Sparklink Travels, Perera said that Sri Lanka should offer the same ‘Visa Free facility’ initiated by Singapore and now successfully implemented by Thailand.
A former Ceylon Tourist Board, Development and Publicity Director, he said that during his time, they leased or gave several unused state land areas to build hotels. “But we told the investors that the construction has to start in six months, and this happened.”
One such venture was the opening of the Pegasus Reef Hotel at Wattala.
Perera also initiated the creation of special tourism zones in Bentota, Hikkaduwa and several other areas.
After a nearly 15-year stint at the Tourist Board, he formed his own travel company, Sparklink Travels, in 1979 with just 4 employees. “With the rapid expansion of business, and being recognized as an IATA-accredited travel agency, we increased our employee strength and moved into our own four-storey building in Bambalapitiya. We also opened a branch in Australia, he said.
“After the COVID pandemic, we also negotiated with airlines and refunded all passenger tickets purchased and cancelled due to COVID-19, Perera explained.
He recalled the days when people were issued small booklet-type air tickets and how his staff had to visit the airline offices to collect them. Perera added: “The online has changed these and I think this is a time-saving move.
“Unlike two decades ago, online and payment gateways have enabled people to book their own air tickets from home and we too have changed our strategies to find new businesses.”
Today, Sparklink Travels continues with his son Praki Perera, heading the company’s operations in Sri Lanka and Australia.
Their dedication ensures that the company remains a premier provider of air travel, cruises and tours, with professional services tailored to enhance the true essence of travel.
Perera, who has been a pioneering force in Sri Lanka’s tourism sector, was also honored as a ‘Tourism Legend’ at the annual industry awards.
By Hiran H. Senewiratne
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