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Sampath Bank recognized with top honors for its innovative IT solutions

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Continues to pioneer IT solutions in the Sri Lankan Banking and Finance industry

Sampath Bank was proud to be recognized at the NBQSA for the 9th consecutive year with several top honours for its innovative IT Solutions at the National Best Quality ICT Awards 2021 (NBQSA), which was held recently at the Sirimavo Bandaranayake Memorial Exhibition Centre, proving the bank is the pioneer in introducing State-of-Art IT solutions to the Banking and Finance industry in Sri Lanka.

NBQSA is a national level ICT competition organized by the Sri Lankan section of the British Computer Society (BCSSL), a leading professional society in the field of computers and information systems. Sampath Bank won the Gold Award for ‘Touchless Withdrawal’, the latest trend introduced by the bank as an innovative and preventive measure for the spread of Covid-19, under the Research and Development project category. The ‘Touchless Withdrawal’ solution was launched in August 2021 for the first time in Sri Lanka and possibly in the Asia Pacific region.

For this groundbreaking, innovative feature of ‘Touchless Withdrawal’, Sampath Bank PLC emerged ‘WINNER’ out of 17 countries at the Asia Pacific ICT Alliance (APICTA) Awards, hosted in Malaysia recently and currently stands as Sri Lanka’s only bank to have ever won an APICTA award. At the NBQSA 2021 ceremony, a special recognition was awarded for this victory in the presence of Hon. Minister Namal Rajapaksha.

Touchless Cash Withdrawal is a revolutionary digital solution to the Sri Lankan market. With this initiative, customers, and customers of all other banks in the country are now able to withdraw funds in their accounts and cards without even having to physically touch the machine, by visiting any of Sampath’s 450 ATMs located around the island. All they have to do is scan the QR code displayed on the ATM screen with the help of the Sampath WePay app.

Moreover, Sampath Bank was able to achieve the Merit Award for the ‘Blockchain Technology based Shared KYC Platform’ under the Research and Development project category and another Merit Award for the ‘Sampath Document Approval System’ under the In-house category.

Commenting on the bank’s achievements, Ajith Salgado – Group Chief Information Officer, Sampath Bank PLC, said, “As a banking and finance entity operating in these modern times, we at Sampath Bank always strive to stay ahead of IT and enhance the digital experience of our customers. That is why we’ve consciously dedicated our time and efforts to making steady progress in banking with technology. The recognition we’ve received is a testimony to that dedication and enthusiasm”

Sampath Bank is a 100% local bank that has deeply rooted itself in the hearts of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including the introduction of ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank continues to steadily transform itself into a technology-driven financial services provider whilst keeping true to its traditions and values.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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