Business
SampathCards puts forward the ‘Right Reasons for a Bright Season’

Giving their valued Credit and Debit cardholders the right reasons for a bright season, SampathCards has announced a series of wide-ranging discounts and benefits in line with the fast approaching festive season.
Together with their partner outlets islandwide, savings of up to 60% are on offer for cardholders to enjoy. Some of the categories include Retail & Fashion, Baby & Kids, Footwear, Gifts, Watches & Wellness, Books, Home Care, Jewellery, Supermarkets, Eyewear & Hearing Aids, Online ecommerce merchants, Dining, Electronics & Furniture, and easy settlement plans on Auto care, Education, Hospital and Insurance payments.
Adding to cardholders’ cheer during the holidays, SampathCards has stayed true to its promise of putting together real and meaningful offers, giving cardholders the opportunity to spend responsibly with the lowest cost Credit cards in the market today. These offers are a part of SampathCards’ year-round efforts to thank cardholders for being card-wise with Sampath Bank and rewarding them for the same.
“We’ve understood that the lifestyles and consumer habits of our customers are always evolving. With the festive season upon us, SampathCards has gone the extra mile to ensure that the offers we have planned reflect what our customers want to spend on,” said Darshin Pathinayake, AGM – Card Centre, Sampath Bank PLC. “SampathCards has always been the responsible choice and the value we are offering this year gives our cardholders the right reasons for a bright season. We invite all Sampath Credit and Debit cardholders to avail these offers discounts and enjoy the holidays with their loved ones.”
For those who are looking to upgrade their wardrobes for the coming year, discounts of up to 40% being offered by some of the most popular fashion and retail brands including House of Fashion, Chamathkara, Cotton Island, Kadapatha, FIG, Dilliganz, Jezza, Fashion Bug, Cool Planet, Beverly Street, Under Armour, Arienti, Mimosa, Nolimit, Glit, Double XL, Spring & Summer and many more.
Cardholders can also get the right footwear to complement their look thanks to the savings of up to 25% on offer at Helanka, DSI, DSI Premier, Bata and Genelle. Several other merchants who specialise in gifts and watches are onboard, with savings of up to 25% at Miniso, Wimaladarma Watches, Parfumerie, Luv Essence, Spa Ceylon, British Cosmetics, DLas International and Cosmetics.lk.
Parents can also enjoy savings of up to 20% when buying gifts and essentials for their kids at Arista, Baby Bear, Baby Mart, Velona and many more. Not forgetting the precious homes of cardholders, merchants such as Dankotuwa, Wayamba Trading, Celcius, Hunters, and Comfort World are offering discounts of up to 25%.
Cardholders looking to purchase jewellery for themselves or their loved ones, can avail themselves of savings of up to 60% as well as 0% interest extended settlement plans of up to 40 months at stores including Abdeen Jewellers, Alankara Jewellers, Chamathka Jewellers, Diamond Dreams, Mallika Hemachandra Jewellers, Raja Jewellers, Tiesh, and Vogue Jewellers.
Bookworms can avail themselves savings of up to 30% at Atlas.lk, Grantha.lk, Promateoworld.com and Samayawardhana Books. SampathCards is also looking to support cardholders with their electronics and furniture purchases during the holiday season with up to 24 months 0% interest instalment plans at Abans, Arpico Furniture, Browns, Ceylon Furniture, Dinapala, Don Carolis and Sons, Dialog, Damro, Eser Marketing International, Metropolitan Computers, urban.lk, Yamaha Music Centre & Mike Audio and many more.
SampathCards has not left out the essential purchases of cardholders, with up to 25% discounts on offer at Glomark, Arpico, Laugfs, Cargills, Keells and Cargills. Assisting them with vision and hearing related expenses, SampathCards is offering cardholders savings of up to 40% on offer at George Goonarathne, Techno Vision, Wickramarachchi Opticians, DS Jayasinghe, Eagle Vision and Eric Rajapaksha.
SampathCards has also ensured easy settlement plans for any educational payments, Hospital payments and Auto care payments. Automotive related payments at Pit & Drive, Micro Cars, Associated Motorways, DIMO AUTOLAB, United Motors, Access Motors, KIA Automobile, Stafford Motor Company and Toyota Lanka are eligible for conversion under this offer. This has been coupled with easy settlement plans at any local insurance company as well. All these payments can easily be converted into instalments by calling 011 2300 604.
Cardholders can also save up to 20% when hosting their family and friends at some of the country’s famed dining establishments including The Verandah and The Traveller’s Bar at Galle Face Hotel; Pranzo, Kobe, and Thuna Paha at Waters Edge. Additionally, Rare at Uga Residence, Chinese Lotus Restaurant & Pub, The Tuna & The Crab, Harpos Pizza, Granbell Hotel, Great Wall Restaurant, Allstar Sports Lounge, Botanik, Rooftop Bistro Tunnel Pub and several more. Special offers with PickMe & UberEats ensures that the Cardholders who wish to dine at home are not missed out.
The above discounts and many more are on offer from the 19th of November to the 31st of December 2022. Cardholders are encouraged to visit http://www.sampath.lk to view the complete list of offers or call 011 2300 604 for more information.
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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