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Treasury operations at Pan Asia Bank drive its financial strength

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Strengthened by its brand positioning as ‘The Truly Sri Lankan Bank’ and boosted by its prudent financial management, Pan Asia Banking Corporation PLC (PABC) recorded its best-ever financial results in the year 2020 despite the adverse impact of COVID-19 on the economy and the banking industry at large. At the centre of this impressive performance is the Treasury function – truly the heart of the Bank’s operations, which has helped steer Pan Asia Bank to profitability.

Richie Dias, Deputy General Manager – Treasury at Pan Asia Bank explains, “The Treasury Department was one of the main contributors to the Bank’s overall profitability. Over the last three to four years, the treasury function has been responsible for sustaining reasonable interest rates to attract deposits, usually a challenge for a medium-sized bank like us. We looked at niche markets and non-traditional ways to meet budgeted profitability during 2020 and reduced cost of funds by raising foreign funding lines. Pan Asia Bank’s return on equity and net interest margins are one of the highest in the industry today.”

He believes the wealth of expertise in treasury operations reposed within Pan Asia Bank has successfully help fund the Bank’s balance sheet on current and forward basis. As a, smaller bank, one of the challenges faced was deposit mobilization since larger banks were in a position to offer more attractive rates. “In order to be competitive in lending and to increase profit margins, we sourced funds from overseas. As of now, Pan Asia Bank has close to USD 100 million worth of funding lines from reputed Development Financial Institutions (DFIs) for long and medium term tenure,” Dias explains.

Dias reveals that PABC gained the confidence of DFIs because of its green financing aspirations- since the Bank has always been keen to fund renewable and energy efficient projects, it had already embarked on its green journey which was recognized with the prestigious ‘Global Climate Partnership Award’ 2019 by The Global Climate Partnership Fund (GCPF), one of the world’s largest climate funds. Pan Asia Bank is the first Bank in Sri Lanka to be recognised by The Global Climate Partnership Awards.

With its green journey gaining further traction, Pan Asia Bank became the first Sri Lankan bank to partner with the Switzerland-based Symbiotics for its first green bond issuance for USD 7.75 Million in 2020. These initiatives led PABC to be awarded the ‘Best Green Bank’ accolade by the prestigious Global Banking and Finance Review Awards 2020 for demonstrating expertise and excellence within the global financial community.



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Sri Lanka’s first generative AI‑powered, trilingual insurance assistant

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Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.

Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.

For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.

The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.

The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.

The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.

Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)

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‘Lanka Tractors returns with a historic Colombo 11 showroom’

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Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.

Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.

Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.

The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.

Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.

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Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo

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The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.

Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.

Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.

Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.

Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .

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