Business
Trade Finance Association of Bankers holds 25th AGM for 2022/2023
The Trade Finance Association of Bankers (TFAB) recently held its 25th Annual General Meeting at the Rainbow Room, Grand Oriental Hotel, Colombo. This year is significant as the TFAB celebrates its Silver Jubilee.
Trade Finance Association of Bankers’, which was formed in the year 1997, is the professional association bringing together bankers engaged in providing advice on trade finance solutions to its customer base.
The Membership comprises of personnel from almost all commercial banks operating in Sri Lanka and the office bearers fully reflect the diversity and breadth of its membership. The Association is backed by an eminent Advisory Committee comprising of four senior bankers and past TFAB Presidents A.
Kathiravelupillai (Inaugural President of TFAB and Former DGM -International of Bank of Ceylon), Michael Peiris (Former Head of Trade of Union Bank of Colombo PLC), Nilam Jumat (Former AGM – International of Hatton National Bank PLC), and Thushy David (Former Director, Head Global Subsidiary Coverage, Head of Trade and Cash Management Sales of Deutsche Bank).
Lawrian Somanader, Chief Manager – Heads of Exports at Commercial Bank of Ceylon PLC was unanimously elected as the President of the Association for the second consecutive year.
He said that the team would continue to focus on developing its membership by enhancing the professional knowledge and sharpening the skills of trade practitioners involved in Imports and Export business. Despite the current economic crisis and the highly volatile exchange rate, International Trade will continue to grow in importance as businesses and banks view this segment as the key contributor to their overall performance.
Office-bearers:
President – Lawrian Somanader – Chief Manager, Exports, Commercial Bank of Ceylon PLC
Senior Vice President – Rochelle Fernando – Assistant General Manager – Trade Services – Bank of Ceylon
Vice President – Shyam De Silva – Senior Manager Operations, Centralized Trade Processing – Hatton National Bank PLC
Secretary General – K.R. Naguleswaran – Assistant Vice President, Correspondent Banking and Remittances – DFCC Bank PLC
Treasurer – Kasun Muthukuda – Manager, Trade Services – Nations Trust Bank PLC
Assistant Secretary – Indika Liyanage – Senior Manager, Trade Services – Pan Asia Banking Corporation PLC
Assistant Treasurer – Kanchana De Silva – Senior Manager – Trade Operations – Union Bank of Colombo PLC,
Council Members: Gaya Manamperi (Formerly at Sampath Bank PLC), Manjula Gunawardana (NDB Bank PLC), Susantha Weerasinghe (People’s Bank), Tharinda Amarasinghe (Sampath Bank PLC), Niranjan Dabare (Deutsche Bank AG), K. K Susantha (Bank of Ceylon), Halin Hettigoda (Sampath Bank PLC), Shaariz Zabith (The Hongkong and Shanghai Banking Corporation Limited), Dilan Wijegoonawardhana (Seylan Bank PLC), Shehani Peter (Standard Chartered Bank), Eranda Weerakoon (Doha Bank), Harsha Silva (Citi Bank N.A.), Mahesha Hassan (Public Bank)
Immediate Past President: A. S. M. W. Kumarasiri (Assistant General Manager, Trade Finance, People’s Bank)
Business
Charting a worker-centered AI future: Colombo hosts landmark ITF conference
By Sanath Nanayakkare
Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.
These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.
Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.
As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.
Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.
Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.
Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.
Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.
Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.
Business
Bridging the digital divide: Sri Lanka’s airport licence challenge
By Sanath Nanayakkare
As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).
While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.
This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.
The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.
Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.
For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.
Business
International Afro-Latin Dance Festival in Colombo to grow into a larger regional tourism draw
ALIF-SL, Sri Lanka’s first-ever international Afro-Latin dance festival, returns for its 4th edition from 25 to 27 September 2026 at the Galle Face Hotel, Colombo. The festival will bring together over 30 international and national artists and 175–200 participants from more than 20 countries, reaffirming its place as the region’s leading platform for Salsa, Bachata and Kizomba.
This year’s edition is headlined by Tropical Gem, the world’s No. 1 salsa team, travelling from Italy to perform and teach alongside a stellar international line-up. Attendees can also look forward to the ALIF Cup Sri Lanka Open, a keenly contested competition judged by an international panel, giving local dancers a rare opportunity to compete and connect with world-class talent.
“Every year, ALIF connects Sri Lanka to the world. With this year’s artist line-up and the ALIF Cup competition, we’re not just hosting a festival, we’re putting Sri Lanka on the map as a top destination for dance,” said JD Ruban, Founder and Director of ALIF-SL
Beyond the dance floor, ALIF-SL continues to support Sri Lanka’s tourism sector, drawing dancers, judges and enthusiasts from across the globe to Colombo and positioning the capital as an emerging regional hub for social dance. Organizers plan to grow the festival into a larger regional tourism draw, introduce new competition categories, and bring in even bigger headline acts in future editions.
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