Business
Siyapatha Finance partners DIMO Agribusinesses for agriculture mechanization drive
Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank PLC, recently signed a Memorandum of Understanding (MoU) with DIMO Agribusinesses, the agriculture arm of DIMO, one of the leading conglomerates in Sri Lanka, to provide exclusive leasing solutions for the consumers of DIMO Agri Machinery with an objective to uplift the local agriculture sector.
Understanding the importance of the agricultural sector to the Sri Lankan economy, Siyapatha Finance initiated this facility for the convenience of agricultural entrepreneurs via its “Agri Lease Programme”. This agreement offers exclusive leasing packages with the lowest interest rates to customers who wish to purchase DIMO Agri Machinery including Tractors and Combine Harvesters. Siyapatha Finance PLC’s “Agri Lease Programme” offers lower instalment payments, flexible repayment facilities on a monthly or seasonal basis and hassle-free quick approvals with minimal document requirements. These low instalment payments and flexible repayment facilities have been implemented to ease the financial repayment burdens on farmers.
DIMO Agribusinesses is also prepared to offer a host of benefits exclusively to Siyapatha Finance PLC customers inclusive of but not limited to special discounts, free registration, a free farmer’s kit, and an oil filter with three free vehicle services, in addition to free GPS devices for selected models. These exclusive benefits provide easy access for agriculture machinery to accelerate agriculture mechanization in the country.
Addressing the MoU signing participants, Ananda Seneviratne – Managing Director of Siyapatha Finance PLC, expressed his thoughts saying, “Our customers have always been our utmost priority and we have taken it upon ourselves to enhance convenient financial solutions for the agricultural industry. Our country relies greatly on the agricultural sector and many farmers find it difficult to access, invest in and upgrade their machinery owing to a multitude of difficulties they are faced with in the process.
Through the MoU signed with DIMO Agribusinesses we hope to encourage farmers to proceed and develop their operations. This is an ideal strategic partnership that provides customers with the best possible opportunities and options. The customized leasing plans of Siyapatha Finance PLC coupled with the unparalleled reliability of DIMO Agribusinesses, ensures that the customers are guaranteed a convenient, customized and an all-encompassing solution.”
Rajeev Pandithage – Chief Operating Officer of DIMO stated, “Partnerships of this nature will enable us to equip the local agriculture sector with modern technology that enhance the productivity while fuelling dreams and aspirations of the famer community in the country. As the sole distributor of the world-renowned Agriculture machinery brands such as Mahindra Tractors and CLAAS harvesters in Sri Lanka, we hope to complement our range with a multitude of services, providing the optimal experience to our customers.”
The exclusive advantages offered through this partnership guarantee to make this leasing scheme from Siyapatha Finance PLC, one of the most promising schemes for those in the agricultural sector, benefiting stakeholders of both Siyapatha Finance PLC and DIMO Agribusinesses.
Business
JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification
JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).
JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.
Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.
A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.
Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:
“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”
The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.
Business
Industry bodies flag gaps in Draft National Electricity Policy
The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.
Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.
The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.
The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.
Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.
The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.
Business
Bank of Ceylon partners with 36th APB Sri Lanka Convention
Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.
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