News
Trade Finance Association of Bankers holds AGM for year 2021/2022
The Trade Finance Association of Bankers (TFAB) held its 24th Annual General Meeting in April, at the Rainbow Room, Grand Oriental Hotel, Colombo following strict health guidelines owing to the COVID-19 pandemic.
The Trade Finance Association of Bankers which was formed in 1997, has been actively engaged in imparting knowledge and the required skills to its members who are Trade Practitioners by conducting seminars, lectures, discussions, workshops, trade educational tours and other activities on a wide range of topics relating to International Trade with the assistance of senior bankers who have mastered the subject in our local banks and other resource persons from various trade-related stakeholders. The Premium event of TFAB is Interbank Trade Finance Quiz and Social which promotes Trade Knowledge and Networking among its members.
TFAB provides an environment for Trade Practitioners representing all banks, to facilitate the exchange of views relating to trade, promote consistency in Trade Finance practices and to create the required skill set in the industry in supporting Trade. The membership comprises almost all commercial banks operating in Sri Lanka. The office-bearers of the Association from various banks are elected every year at its AGM. It is really fortunate to see some experienced and knowledgeable prominent veterans in the field of Trade Finance willingly sharing their knowledge and experience with new trade practitioners in all banks. The Association is backed by an 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), with extensive experience in the International Banking business.
Incumbent President Lawrian Somanader – Chief Manager – Heads the Exports at Commercial Bank of Ceylon PLC was unanimously elected as the President of the Association. He holds a Master of Business Administration from UK. He possesses the ICC’s advanced Trade Finance qualification – Certified Trade Finance Professional (CTFP). He is also a member of the Institute of Bankers of Sri Lanka. He counts over 30 years of banking experience that includes 27 years in International Trade-related services Imports, Exports at Commercial Bank of Ceylon PLC. He also had the opportunity of working at the Corporate Credit banking division and having served in a Branch during his banking career. Mr. Somanader had held many responsible positions in the Trade Finance Association of Bankers such as the Senior Vice President and the Treasurer..
The following members were elected as office-bearers of the Trade Finance Association of Bankers for the year 2021/2022 during the Annual General Meeting.
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 – 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 and Supply Chain Finance, 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), Neil Handapangoda (Citi Bank N.A.), Susantha Weerasinghe (People’s Bank), Tharinda Amarasinghe (Sampath Bank PLC), Niranjan Dabare (Deutsche Bank AG), K K Susantha (Bank of Ceylon), Saroja Pathirana (Sampath Bank PLC), Thilanke Weerasinghe (The Hongkong and Shanghai Banking Corporation Limited), Dilan Wijegoonawardena (Seylan Bank PLC),Shehani Peter (Standard Chartered Bank), Malithi Maheeka (Cargills Bank), Eranda Weerakoon (Doha Bank)
Immediate Past President: A. S. M. W. Kumarasiri (Assistant General Manager, Trade Finance, People’s Bank)
The newly appointed President delivering his address pointed out the role played by the TFAB to the banking industry during its last 24 years of existence. He further stated that the knowledge imparted by TFAB by way of trade seminars, workshops, quiz competitions, trainings and knowledge forums to its membership was commendable. He also emphasised the importance of the TFAB newsletter as a knowledge sharing source and requested the membership to contribute more articles in order to enhance the number of publications.
He also spoke about such challenges with resilience that the world is going through since 2020 and how the banking industry is taking up that challenge in line with changing regulatory requirements.
Finally, he thanked the previous presidents for their leadership and thanked the membership for electing him to steer the association to greater heights and pledged his commitment towards the betterment of TFAB.
The Secretary General, in his address thanked the membership for the election of the present office-bearers and the council who will steer the objectives of the TFAB in 2021 /2022.
News
Navy renders assistance to bring injured fisherman ashore
The Sri Lanka Navy demonstrated its commitment to maritime safety by assisting to bring ashore an injured fisherman and rushing him for urgent medical attention on Thursday (28 May 2026)
The fisherman was aboard a local multiday fishing trawler off the south coast and the Maritime Rescue Coordination Centre (MRCC) Colombo coordinated the retrieval of the fisherman.
Reportedly, the multi-day fishing trawler had departed from the Kudawella Fisheries Harbour on 05th May with 06 fishermen. While engaged in fishing activities approximately 730 nautical miles off the south coast, one of the crew members suffered an injury.
Following a formal request for assistance, through MRCC Colombo, the Merchant Vessel ‘Dong Fang Wei Ye’ sailing in the nearby sea area had been informed to retrieve the patient. In a rapid response, the Navy dispatched a craft attached to the Southern Naval Command to the designated sea area where the Merchant Vessel was stationed to transfer the fisherman.
Upon transferring the injured fisherman from the Merchant Vessel, naval personnel provided essential first aid to the injured person before swiftly bringing him to the Galle Harbour And safely transferred him to the National Hospital, Galle.
News
Applications called to recruit 400 public officers as Digital Champions for the Public Impact Champions Network
As a key component of the Government’s Digital Economy Plan aimed at enhancing the quality and efficiency of the public sector system, an awareness programme for coordinating executive officers of public institutions was held on Wednesday (27) at the Information and Communication Technology Agency of Sri Lanka (ICTA). The programme marked the first step towards establishing the “Public Impact Champions Network” (PIC-NET), an institutional pilot network intended to drive the optimisation of public services through the digitalisation of public institutions.
During the programme, heads of institutions were informed to submit applications from officers currently serving in public institutions who possess the capability and capacity to represent the “Champions Corps” in spearheading digital transformation, in accordance with Circular PS/ADA/Circular/3/2026.
Chairman of the Information and Communication Technology Agency of Sri Lanka and Senior Adviser to the President on the Digital Economy, Dr. Hans Wijayasuriya, stated that the Government aims to increase Sri Lanka’s digitally empowered economy from its current level of 3% to 12% by 2030.
He further explained that the development of the digital economy is a process aimed at improving efficiency, quality and revenue generation through the use of communication technology in economic activities.
Pointing out how the digital economy has expanded in every developed state, Dr Hans Wijayasuriya noted that the slow growth of the digital economy remains a serious challenge faced by Third World countries. However, he stated that India is currently achieving remarkable progress in digital economic development and that elevating Sri Lanka’s digital economy to a prominent level alongside such developments is one of the Government’s principal objectives.
Dr Hans Wijayasuriya also pointed out that this digital economic growth must take place simultaneously across nearly all public institutions. Accordingly, within the next three years, the coordination and management of transactions among public institutions are expected to function in a fully networked manner similar to banking operations.
He further emphasised that the support of both public institutions and the country’s citizens as a whole would be crucial for the successful implementation of this extensive technological transformation across all public institutions over the next few years.
Ranil Peiris of the Department of Information Technology at the University of Sri Jayewardenepura briefed those present on the foundation of the PIC-NET programme and its future plans.
He explained that, in the future, citizens would be able to access services such as applying for passports and renewing licences entirely online from their homes. He further pointed out that this system would eliminate the need for citizens to repeatedly provide the same information.
Representatives of KPMG also presented the future action plan relating to the selection and training of officers.
Representing the Presidential Secretariat, Sameera Wickremasinghe further briefed participants on the mechanism for calling applications.
The necessary guidance and coordination support for this public sector digitalisation programme are being provided with the support of the Presidential Secretariat, the Ministry of Digital Economy, GovTech Sri Lanka and the Asian Development Bank.
(PMD)
Foreign News
Mother-in-law of Indian bride whose death set off media frenzy arrested
India’s top anti-crime agency has arrested the mother-in-law of an Indian woman whose death has sparked conflicting claims of murder and suicide.
Twisha Sharma’s parents and siblings have alleged that she was tortured by her lawyer husband, Samarth Singh, and his mother – retired judge Giribala Singh – over dowry demands and that she was murdered, allegations they have denied.
The 33-year-old model and actor had been married for just five months when she was found dead in her matrimonial home in Madhya Pradesh state’s Bhopal city on 12 May.
On Thursday, the Central Bureau of Investigation (CBI) arrested Giribala Singh after questioning her for several hours.
The Madhya Pradesh High Court had earlier cancelled her anticipatory bail, finding that a trial court had ignored key evidence and witness testimony.
Following Twisha’s death, the police had registered a case of dowry death against the Singhs. Earlier this week, the investigation was taken over by the CBI.
Twisha’s death has made national headlines and has once against brought the issue of dowry deaths into the spotlight. Every year, thousands of women are murdered for bringing in insufficient dowries, even though the practice was banned in 1961.
The case has drawn significant attention because of the family’s prominence. Twisha was a former beauty pageant winner and actor, while her husband and mother-in-law were lawyers.
Twisha’s parents allege that dowry-related harassment began soon after her marriage to Singh. They also claim that when she became pregnant, Singh and his mother accused her of infidelity and forced her to terminate the pregnancy.
The Singhs deny the allegations, saying Twisha had mental health issues and took her own life. They also contend that the decision to terminate the pregnancy was hers.
Singh is currently in police custody. He had reportedly absconded after Twisha’s death and was arrested by police in Jabalpur on 22 May.
Twisha was cremated on Sunday after a second autopsy. Her family had alleged that the first post-mortem was flawed and accused the police of a cover-up, a charge the police denied.
[BBC]
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