Business
ADB to help Sri Lanka realise its aspirations on climate investments
By Sanath Nanayakkare
The Asian Development Bank (ADB) launched a programme yesterday to support the government of Sri Lanka to prepare an integrated climate responsive investment portfolio comprising a pipeline of bankable green investment opportunities.
This was announced by Takafumi Kadono, ADB Country Director at an event hosted by the Bank at ITC Ratnadeepa Hotel in Colombo.
It turned out to be a historic workshop in Sri Lanka since the country signed the much touted Paris Agreement on Climate Action because it was a ‘programmatic session’ where local environment experts were subtly challenged to come up with home-grown green projects to attract local and foreign investors by presenting a convincing climate resilient economic narrative where investors would dare put their money in.
The ADB may have its own ideas for Sri Lanka in this regard with its regional experiences, but the Bank’s intention at the workshop was to find out whether the local experts also had valuable inputs to expand the investment scope with sectoral perspectives from fields such as Agriculture, Water, Energy, Transportation, Tourism etc.
In a nutshell, the forum focused on identifying full scale ready-to-invest projects for climate change adaptation and resilience building.
The following are some excerpts from the speech made by the Country Director of ADB.
“It is an honour to join you at the national inception workshop to launch the ADB regional technical assistances programme focused on “Sustaining Climate and Disaster Risk Resilient and Low Carbon Development in South Asia”.

Takafumi Kadono- Country Director ADB
“Sri Lanka is one of six countries supported by TA9700. This high-level gathering resonates deeply with my personal and professional values. This workshop is a critical platform to amplify public sector voices leading the combat against climate change, a planetary emergency we can no longer ignore. Climate change is regarded worldwide as an overarching development challenge. It can seriously affect economic growth, food security, public health, cultural heritage, social stability, migration, and even the national security of countries.
‘Sri Lanka is a negligible contributor to global warming. However, as a nation, we are highly vulnerable to the impacts of climate change, which include increases in the frequency and intensity of disasters uch as droughts, floods and landslides, variability and unpredictability of rainfall patterns, increase in temperature and heat stress; sea level rise, and salinity intrusion among others. Living and coping with uncertain impacts of climate change is no longer a choice; it is an imperative. Sri Lanka needs to address climate change adaptation to ensure that its economic development can continue without disruption or setbacks, so that investments in poverty reduction, food and water security, and public health will not be undone. Given the severity and the far-reaching impacts of climate change affecting every aspect of our lives and our nation, our response must be integrated, sustainable, just, and inclusive”.
“We share a common goal of securing the transition to net zero emissions and a climate-resilient future both of which are critical to sustainable development and economic growth. Responsive measures such as decarbonization, climate change adaptation, and resilience building are all essential; and achieving this transformation across the development sectors, requires horizontal cooperation among the stakeholders, development partners and strong public and private finance commitments. Sri Lanka now has a unique opportunity to rebuild from the pandemic and economic recession and secure a prosperous, inclusive, resilient, and sustainable future. We need strong commitment from the Government of Sri Lanka and unwavering cooperation among partners to make this happen. Sri Lanka can lead by example. ADB will fully support the Government of Sri Lanka through our sovereign and private sector operations, technical assistances, and knowledge partnerships.”
“This workshop is the beginning of an extensive consultation process to the views of a wide range of stakeholders on how we can develop an integrated climate responsive investment plan for Sri Lanka” , he said.
Business
People’s Bank drives push towards cash-lite economy
Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct fast, secure and convenient transactions via mobile devices, said a release from the People’s Bank.
It said: As a leader in digital banking, People’s Bank proudly aligns with this landmark national initiative, reinforcing its commitment to building a digitally empowered economy. The Bank supports the programme through its flagship digital wallet “People’s Pay”, which offers a seamless platform for QR-based transactions and a range of everyday financial services.
In line with the programme’s objectives, customers can perform QR transactions without incurring additional charges, while merchants benefit from zero fees on transactions up to Rs. 5,000. To further encourage adoption, valuable gifts will be awarded to selected winners among LANKAQR users, enhancing engagement and promoting digital payment usage across the country.
People’s Bank’s participation reflects its ongoing digital transformation strategy, which has evolved beyond traditional online banking to deliver an integrated, lifestyle-oriented financial ecosystem. The Bank continues to set industry benchmarks by offering secure, efficient and user-friendly digital platforms, ensuring customers have uninterrupted access to banking services anytime, anywhere.
At the heart of this initiative is People’s Pay, a sophisticated digital wallet designed to streamline everyday financial transactions while catering to the evolving needs of the modern consumer. The application features a seamless self-registration process, comprehensive tri-language support, and secure storage of payment details, ensuring both convenience and security for users.
In addition, the People’s Pay app enables customers to make real-time bill payments and QR-based transactions with exceptional ease and efficiency. The facility to link multiple bank accounts further enhances flexibility and convenience, while the transaction limit provides users with greater financial control and improved security.
In a strategic move to bolster the national QR adoption program, the People’s Pay app now facilitates Peer-to-Peer (P2P) QR transfers. This functionality allows users to generate both static and dynamic QR codes, enabling efficient transactions without the need to disclose sensitive account information.
The National QR Payment Adoption Programme represents a critical step in advancing Sri Lanka’s digital payments landscape. By fostering fast, secure and transparent transaction methods, the initiative aims to ensure inclusive participation in the digital economy, empowering citizens across all regions and communities.
Business
ANC Campus and Adelaide University launch new Australian study pathway for Lankan students
ANC Campus has announced the launch of a formal articulation partnership with Adelaide University at Cinnamon Lakeside, Colombo, creating a clear progression pathway for Sri Lankan students seeking an Australian university degree.
Through this pathway, students can begin their university-level studies at ANC Campus in Sri Lanka before progressing to Adelaide University in Australia, subject to the relevant academic, English language, and entry requirements. By completing the first year through ANC’s Australian Diploma pathway in Sri Lanka, students can significantly reduce the overall cost of their Australian education journey, with estimated first-year savings of up to LKR 13 million when tuition and living expenses are considered.
The launch was attended by representatives of ANC Campus, Adelaide University, and the Australian Trade and Investment Commission (Austrade), alongside members of the media, students, parents, and invited guests. Austrade’s presence highlighted the continued importance of Australia-Sri Lanka education links.
Speaking at the launch, Dayan D. L. Fernando, Chief Executive Officer of ANC Campus, said the partnership gives Sri Lankan students a credible and well-supported route into Australian higher education.
“For over two decades, ANC has worked with international university partners to help Sri Lankan students begin their global education journey with the right academic preparation and guidance. This partnership with Adelaide University gives students a clearer route to an Australian degree and gives parents greater confidence in the pathway their children are choosing,” he said.
Fernando added that international education is one of the most important decisions a family makes, and proper guidance is essential.
“At ANC, our responsibility is to guide students correctly. We must help them understand the pathway, the requirements, the destination, and the opportunities ahead. ANC prepares students for the highest likelihood of success.
Business
Union Assurance honours new batch of certified financial advisers
Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, recently hosted the SLIM Certified Financial Adviser Graduation Ceremony at its Head Office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.
The Certified Financial Adviser programme, delivered in partnership with the Sri Lanka Institute of Marketing (SLIM), the National Body of Marketing in Sri Lanka, which was designed to elevate the expertise of the company’s high performing adviser force. Spanning 11 comprehensive modules covering areas such as Advanced Consultative Selling Skills, Negotiation Mastery, Digital Prospecting Techniques, and Emotional Resilience in Sales, participants underwent a rigorous learning journey that concluded with a formal assignment, bringing the full cohort to completion.
The programme reflects Union Assurance’s commitment to ensuring its advisers are positioned to serve customers with confidence, credibility, and genuine understanding of their needs; values that are central to the company’s purpose of protecting what matters most. The SLIM qualification also opens a structured educational pathway for graduates, with opportunities to advance through further nationally recognised certifications.
Speaking at the ceremony, Chief Agency Officer at Union Assurance, Imtiyaz Aniff stated: “We are pleased to recognise the dedication of our people who committed to this programme alongside their core responsibilities. The SLIM certification equips our advisers with the skills and credentials to serve our customers at a higher standard, and that directly supports the quality of advice we deliver. We look forward to seeing this cohort carry forward what they have learned and continue to grow in their careers.”
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed nearly four decades of success with a Market Capitalisation of Rs. 45.6 Bn and a Life Fund of Rs. 92.8 Bn as of end December 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.
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