Business
SDB bank hosts Asia Pacific Chapter of the Global Alliance for Banking on Values
In rallying the environmentally and socially conscious banks and financial institutions in the region, SDB bank was the proud host of the Annual Meeting of the Asia Pacific Chapter of the Global Alliance for Banking on Values, on the 16th and 17th of November 2021. The Global Alliance for Banking on Values (GABV), founded in 2009, is a network of banking leaders from around the world committed to advancing positive change in the banking sector. This year’s regional gathering conducted virtually due to the ongoing pandemic, provided the platform for member institutions to share insights on the post-Covid 19 strategies that they have adopted to support people and businesses to remain resilient and catalyse a sustainable recovery.
With over half a million people driven into poverty by the Covid 19 pandemic in Sri Lanka – according to the estimates of the World Bank – and with GoSL being constrained due to lack of fiscal space to invest in economic recovery, the dialogue served to highlight the importance of the financial sector in mobilizing sustainable finance in emerging economies like Sri Lanka and the need for international cooperation to reorient capital to where it is most needed. Yvette Fernando – Deputy Governor of the Central Bank of Sri Lanka and Thilak Piyadigama – CEO of SDB bank made presentations at this regional meeting on Sri Lanka’s progress on sustainable finance and digital finance that served to further enhance Sri Lanka’s position amongst international financiers.
In reviewing the proceedings of the event, Thilak Piyadigama, CEO of SDB bank noted, “It is a great honour for us to have been chosen as the bank to host this event in Sri Lanka. We would have loved to have hosted all the members in person in our beautiful country, but that is not advisable at this time. Thus, we decided on a virtual meeting. We discussed and drew attention to various pressing issues in the region including digitalization challenges, financing of renewal energy projects, asset quality challenges faced by the banking system in the region due to the COVID crisis, and access to finance for the missing middle (SMEs).”
Explaining further, Piyadigama added, “The meeting was structured to enable enhanced engagement of the participants. This helped to further facilitate cross learning amongst members in the region. The meeting also updated participants on the GABV’s work and obtained feedback about how to best showcase the Asia Pacific region during the GABV Annual Meeting 2022. Overall, we are very pleased with the levels of engagement we saw, as participants discussed furthering sustainable progress in the sector. We also take this opportunity to thank the GABV for expressing their confidence in SDB bank, by choosing us to host this international conference here in Sri Lanka.”
SDB bank caters to a wide clientele including a significant retail banking portfolio. However, the Bank’s focus areas are SME development, women empowerment through financing women-led enterprise and digital inclusion, with a view to taking digital banking to the masses, through its extensive network.
The collective goal of the GABV is to change the banking system so that it is more transparent, supports economic, social and environmental sustainability, and is composed of a diverse range of banking institutions serving the real economy. The Alliance connects banks, banking cooperatives and credit unions, microfinance institutions and community development banks and supports their work towards positive systemic change within financial systems.
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
-
News6 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News17 hours agoOver 35,000 drug offenders nabbed in 36 days
-
News5 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News7 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features7 days agoDitwah: An unusual cyclone
-
Business3 days agoLOLC Finance Factoring powers business growth
-
News3 days agoCPC delegation meets JVP for talks on disaster response
-
News3 days agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady

