Category: Daily Financial Times

The opening day of the National Ranking Golf Tournament teed off at Victoria Golf Resort, Rajawella, where Vijitha Bandara took an early lead with a superb round of 71. Bandara’s consistent play off the tees and steady putting helped him stay one shot clear of the rest of the field in a competitive start to the event.

Chanaka Perera who carded a 73 to take second place. Perera, a regular top performer on the local circuit, played with characteristic precision but will look to tighten up his short game heading into day two.

Meanwhile Kumar Danushan followed in third with a round of 74, keeping himself well within striking distance as the leader-board remains tightly packed.

Kaya Daluwatte, who has been in fine form recently, continued to impress with a solid 75 to finish the day in fourth place. Veteran Priya Hemantha rounded off the top five with a respectable 76, staying in contention with a steady round under challenging greens.

Jacob Norton was placed 6th while Uchitha Ranasinghe, Chalitha Pushpika, and Reshan Algama were tied on number 7.

eChannelling has launched ‘eMindCare,’ a first-of-its-kind holistic mental wellbeing platform designed to make expert mental health and psychosocial wellbeing services more accessible, inclusive, and stigma-free.

With psychosocial challenges and mental health issues such as stress, anxiety, and depression on the rise in Sri Lanka, eMindCare addresses a critical gap by combining professional care with holistic practices and mental health education. The platform is designed to support the diverse needs of individuals, families, and groups including students, young professionals, entrepreneurs, and employees in high-pressure industries. It also aims to lend a hand to individuals interested in maintaining their current mental wellbeing.

With the launch of eMindCare, eChannelling is reaffirming a commitment to the community, addressing some of the most pressing psychosocial challenges prevalent today. The platform moves past treatment, focusing on empowerment, awareness, and creating a culture where mental well-being is prioritised. The launch of eMindCare demonstrates eChannelling’s role as a responsible digital health leader, committed to improving access to healthcare and providing psychosocial support across the nation.

Available through the eChannelling website at www.echannelling.com, the platform connects individuals to a wide range of services including psychiatry, counselling, yoga, and meditation while also offering educational resources to empower people with the knowledge and tools needed to foster improved mental health.

For users, eMindCare delivers direct access to qualified psychiatrists, counsellors, and wellness practitioners, ensuring expert guidance at every step of any user’s mental health journey. The platform takes a holistic approach to mental wellness by integrating mind, body, and emotional wellbeing through counselling, yoga, and meditation, creating a well-rounded support system.

In addition, it provides valuable educational resources aimed at reducing stigma and promoting mental health literacy, empowering individuals to better understand and manage their overall wellbeing. Designed for convenience and privacy, eMindCare is accessible anytime and anywhere, via both the website and mobile app, placing inclusive mental health and wellbeing within the reach of all.

Expolanka Leisure has become one of the first Sri Lankan companies to secure top honours in both Inbound and Outbound Travel categories at the World Travel Awards 2025.

The group’s subsidiaries Classic Travel was named Sri Lanka’s Travel Agency of the Year 2025 for the second consecutive year, while Classic Destinations was recognised as Sri Lanka’s Destination Management Company of the Year 2025.

Expolanka Leisure Director/Chief Commercial Officer Sabry Bahaudeen said: ‘This recognition is a proud moment not only for our team but for Sri Lanka as a whole. Winning at the World Travel Awards reflects the passion, hard work, and unwavering commitment of every member of the Expo Leisure family’.

‘Both Classic Travel and Classic Destinations have worked tirelessly to elevate the travel experience for our clients and showcase the best of Sri Lankan hospitality to the world,’ he added.

The World Travel Awards, often regarded as the ‘Oscars of the travel industry,’ honour excellence across all sectors of global travel and tourism.

Here’s a note of caution to all fellow motorists driving on A6 towards Dambulla. There’s a permanent Police Post located between Melsiripura and Beligamuwa.

Yours truly was driving from Kurunegala on A6 targeting Dambulla for breakfast on Friday 3 October when a long line of slow-moving traffic mostly consisting of heavy vehicles such as ‘container-trucks’ and buses were observed.

Using commonsensical safety techniques of 100% clear visibility both front and rear were deployed and the gradual overtaking manoeuvres adopted ensuring overtaking was done over ‘broken white lines’! The last of the road hogs crawling at centre of road was encountered: a fuel bowser at snail’s pace!

Here too the Safety-First checks of clear visibility in front and rear for overtaking was done and completed only to be hailed by a couple of traffic cops strategically planted to see whether when overtaking the white line was crossed even fleetingly! They were obviously licking their lips at ‘good fortune’ of nabbing unsuspecting drivers that morning! Yes indeed, there were at least a dozen perplexed drivers nabbed during that brief period of a mere five minutes!

When online payments were selected as mode of settlement of fines those having Apple phones were told that the system does not ‘accept’ i-Phones! Only Android phones could! Fortuitously the Beligamuwa Sub Post Office was located close by for those who picked or rather compelled to choose the manual system!

Fines payment receipt in hand and given to the traffic cops, we were handed back our precious driving licence after being in custody of the Police, albeit briefly. And we were then on our way after sacrificing a good 30-minute delay!

The analogy of fishing in estuaries comes to mind! After all estuaries are prime fishing spots because they are productive ‘nurseries’ with abundant food, shelter and varied habitats, attracting a high density and diversity of fish, including both freshwater and saltwater species. Get the drift? Having that Police Post Hut strategically located there is a ‘sure catch’ for those lazy traffic cops amidst a myriad other blatant and life-threatening traffic offences being carried out literally every second witnessed by all law-abiding motorists!

To prevent road accidents, the traffic police should strictly enforce traffic laws, particularly on speeding, drunken driving, overtaking ‘blind’ at speed at dangerous road bends, changing lanes at will endangering all; deftly joining traffic on main road from a side street with nary a glance at traffic on the main road, toddlers on front seat on laps of doting mothers, use of mobile phones on the move; disregarding traffic lights especially at night – inviting collisions!

While also promoting safe infrastructure and driver behaviour. Key strategies include increased enforcement, education on the importance of safety equipment like helmets and seatbelts, and promoting defensive driving through awareness campaigns. Additionally, police should ensure adequate infrastructure and collaborate with authorities for robust driver and vehicle licensing systems.

Sri Lanka’s driving licence issuance system has morphed into a sick joke with notably blatant corruption occupying centre stage. No wonder many ‘new drivers’ are mostly incompetent and appear to be clueless of the Highway Code leave alone globally accepted defensive driving techniques!

The following brief points are given for the benefit of all road users and indeed for the edification of Sri Lanka’s Traffic Police: Oh! For the days of much respected ex IGP Cyril Herath who sent a team of young Police Officers to Singapore to study the highly effective Traffic Management Systems. These Police teams returned brimming with new ideas and successful methods to be replicated in Sri Lanka. New and practical traffic rules were introduced ably handled by respected officers like Director Traffic, the legendary T. Perinpanayagam.

However, with the retirement of IGP Cyril Herath these innovative traffic systems, enforcement and legislation were gradually abandoned. It was reported that the young Police Officers who were trained in Singapore were inexplicably assigned other duties far removed from traffic according to then reliable Police sources. What moronic, totally unacceptable thinking then!

Enforcement and legislation

Strict law enforcement: Focus on high-risk behaviours such as excessive speeding, especially in built up areas, drunken driving, and driving under the influence of drugs. Also driving when sleep deprived – an accident waiting to happen!

Mobile phone restrictions: Enforce laws against using mobile phones or other distractions while driving, as this significantly increases accident risk.

Helmet and seatbelt laws: Consistently enforce universal helmet laws for motorcyclists and seatbelt laws for all vehicle occupants. Obviously, motorcyclists must properly and securely strap their helmets before they ride off!

Education and awareness

Driver behaviour: Educate drivers on the importance of defensive driving, maintaining safe following distances, and being alert to other road users.

Safety equipment: Conduct public awareness campaigns via radio, TV, social-media, etc. emphasising the correct use of safety equipment like seatbelts, helmets, and child restraint seats. Kids under 6 must occupy the rear seat only and never be perched on dotting Mama’s lap on front seat!

Traffic rules: Ensure drivers understand and follow traffic signs, signals, and road safety rules. All vehicular drivers must carry The Highway Code booklet in whatever language in cubby hole. The contents of The Highway Code booklet must be strictly introduced in ALL schools and studied with accompanying pictures and graphics.

During our school days in the 1950s and early 1960s the Traffic Police used to regularly conduct traffic safety programs. Traffic safety rules, such do’s and don’ts must be drilled into ALL children and young adults!

The blind eye seemingly shown by the Traffic Police on serial traffic offenders such as three-wheelers and motorcyclists who appear to be a law unto themselves with their dangerous overtaking left, right and centre on busy city roads, joining main streets from side lanes without slowing down, suicidal sways, coupled with Police inexplicably manning junctions by having traffic light signals perpetually on amber perhaps collectively contribute to 50% of road congestion and gridlock. It may sound utopian but if all road users including pedestrians follow road rules of the Highway Code, traffic will move well say 50% smoother and faster than at present chaos as if cities are in a state of anarchy

Infrastructure and policy

Infrastructure design:

Advocate for and implement road infrastructure that is safe for all users, including pedestrians and cyclists as per Highway Code of Sri Lanka.

Graduated Driver Licensing:

Support and promote Graduated Drivers Licensing (GDL) systems to help young drivers gain experience in low-risk conditions.

Note: A Graduated Driver License [GDL] program is a multi-stage driver’s licensing system designed to provide new and inexperienced drivers with more time and opportunities to gain driving experience in low-risk situations before they are granted full driving privileges.

Vehicle and driver licensing:

Collaborate with authorities to establish and maintain robust globally practiced [e.g. Canada, Australia, UK, Singapore, UAE, etc.] vehicle and driver licensing systems to improve compliance with safety standards. Sri Lanka does not need to re-invent the wheel! Just accept and adopt these globally proven effective driver licensing systems!

Proactive measure

Anticipate hazards:

Train officers to anticipate and react to changing road conditions, and to be aware of potential hazards like blind spots and poor weather. E.g. the thick and sudden mist that envelopes many up country areas like Haputale, Nanu-Oya, Hakgala, Maturata, upper Hewaheta, Pattipola, etc.

Simple tip: When visibility is almost zero, don’t try to be a hero! Oncoming traffic too may not see you! So just pull over to a safe vacant spot, switch on hazard blinking lights and stay put until the mist clears for safe passage. Remember! Always Safety First, period!

The blind eye seemingly shown by the Traffic Police on serial traffic offenders such as three-wheelers and motorcyclists who appear to be a law unto themselves with their dangerous overtaking left, right and centre on busy city roads, joining main streets from side lanes without slowing down, suicidal sways, coupled with Police inexplicably manning junctions by having traffic light signals perpetually on amber perhaps collectively contribute to 50% of road congestion and gridlock.

It may sound utopian but if all road users including pedestrians follow road rules of the Highway Code, traffic will move well say 50% smoother and faster than at present chaos as if cities are in a state of anarchy!

Focus on vulnerable road users:

The Traffic Police must pay special attention to protecting pedestrians, children, and senior citizens who are more vulnerable in road traffic. Pedestrian crossings must be adequately illuminated and clearly marked with regular painting. Always establish eye contact with driver and pedestrians. Those who jay walk must be fined. Repeat offenders must be arrested and prosecuted like in Singapore.

Expressway and up-country driving

Expressway driving like up-country is a different ‘ball game’!

Always plan ahead: Route, stops for food, bio breaks, rest, etc.

[1] Re-check tyres for recommended tyre pressures – front, rear and even the spare – two days before journey. I say ‘two days’ as if a defect or small air leak is noticed there’s ample time to attend and fix the issue.

[2] Never drive with tyres that have exceeded five years. Old tyres especially at speed on an Expressway can potentially burst, causing the vehicle to veer off track with disastrous consequences!

[3] As part of your planning routine always re check liquid levels in engine [coolant, engine oil, brake, steering fluid, etc.]. It’s a better option to service your car by the agents or recognised facility, say a few days before a ‘long trip’ up country for the holidays!

[4] Never over-load your vehicle as it could adversely affect your suspension, steering and braking mechanisms in an emergency.

[5] Always stick to your corner when negotiating bends up country and get on to lower gears or deploy ‘Hill Descent’ switch when going on steep slopes down-hill instead of continuously braking as it could lead to excessive friction and heat build-up rendering your brakes ineffective.

[6] The Expressway Police must be empowered to disallow ‘unsafe’ vehicles from entering the Expressway such as old, obviously poorly maintained vehicles with inadequate lighting, especially rear/brake lights sans reflectors; vehicles with ‘inadequate tyre tread or indeed ‘bald tyres!

[7] The Expressway is NOT a Racing Track, period! Join a Motor Racing Club if you want to race on public roads, especially Expressways. Never exceed prescribed speed limits. Never overtake ‘too close’ to others!

[8] When attempting to over-taker a slower vehicle always signal your intent with trafficators [signal lights] and get back to the slow lane also using your signal lights. The international language of vehicular drivers is your ‘signal lights’ – use them always. Never surprise another overtaking with zero signal lights, blind. These are killer habits!

[9] Never ‘tail gate’ at speed especially on Expressway to obviously avoid multiple pile ups and God forbid, fatalities!

Sri Lanka tragically experiences some 8 to 10 road deaths daily. And these grisly numbers are increasing with no visible let-up, sadly.

Mr. IGP and DIG Traffic – please peruse these brief practical notes above and ensure that your Traffic Police are adequately trained to imbibe world-class traffic safety and effective monitoring systems – no doubt this task is a humungous challenge. But our motorists and indeed all road users including the more vulnerable pedestrians especially children and senior citizens deserve that much more care.

Obviously, the prime emphasis must be ‘prevention’ or at least minimising road related traffic accidents, most times, ‘preventable’!

It is therefore far better for your Traffic Police to move away from their pathetic obsession with the ‘White Line’ and be well-trained to prevent or at least minimise mostly preventable road accidents that snuff out precious lives 8 to 10 daily and/or leave them maimed for life!

Stop press!

Even on day of writing this article, Monday 6 October 2025, two horrendous fatal accidents were reported:

[1] ‘At least three people were killed with three others injured in a collision between a lorry and a bus in the Narammala area – Police’

[2] ‘Three women were killed and a fourth injured when they were run over by a car while crossing a road in Doluwa, Gampola – Police’

When will this carnage end?

Let us all contribute to make our roads safer in Sri Lanka!

The secondary Bond market was at a complete standstill yesterday during the early trading hours – while the auction was ongoing and ahead of the release of auction results – with two-way quotes in the secondary market holding broadly steady around pre-existing levels.

However, following the release of the auction results, market activity increased marginally resulting in a few sparse trades. Despite this, yields remained largely unchanged, leaving the market in a consolidation phase.

The 15.10.29 maturity was seen trading at the rate of 9.68% and the 01.07.30 maturity at the rate of 9.80% post-auction.

The Treasury Bond auctions held yesterday with a total offered amount of Rs. 181 billion across three available maturities, went undersubscribed. The auctions raised only Rs. 162.11 billion or 89.56% out of the total offered amount in successful bids across both phases, despite total bids received exceeding the offered amount by 2.21 times.

This marked the sixth consecutive Bond auction to raise less than the offered amount. Maturity-wise the results were as follows:

The 01.07.30 maturity (9.75% coupon) maturity was issued at the weighted average rate of 9.80%, broadly in-line with market expectations as the maturity was quoted at the rate of 9.75%/9.80% prior to auction. However, it failed to achieve the maturity-wise target offered amount of Rs .95 billion at the 1st phase in competitive bidding, prompting the opening of the 2nd phase. At the conclusion of both phases the maturity raised Rs 76.11 or 80.10% of the offered amount.

The 01.11.33 maturity (9.00% coupon) was issued at the weighted average rate of 10.72%, which was below market expectations as the maturity was observed quoted at the two-way rate of 10.75%/10.80% prior to auction. The entire maturity-wise offered amount of Rs 45.00 billion was raised across both phases.

The longer tenor 01.07.37 maturity (10.75% coupon) was issued at the weighted average rate of 11.01%. The entire maturity-wise offered amount of Rs. 41 billion was raised at the 1st phase in competitive bidding.

The total secondary market Treasury Bond/Bill transacted volume for 10 October was Rs. 11.74 billion.

In money markets, the weighted average rates on overnight call money and Repo stood at 7.87% and 7.88% respectively.

The net liquidity surplus was recorded at Rs. 167.21 billion yesterday. An amount of Rs. 11.93 billion was withdrawn from the Central Banks SLFR (Standing Lending Facility Rate) of 8.25%, while an amount of Rs. 179.14 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 7.25%.

Forex Market

In the Forex market, the USD/LKR rate on spot contracts closed the day steady at Rs. 302.59/302.62 as against Rs. 302.60/302.68 the previous day.

The total USD/LKR traded volume for 10th October was $ 111.65 million.

WindForce PLC has announced the acquisition of a 51% equity stake in Safe Power International Ltd., with the remaining 49% held by Arinma Power Ltd. A Shareholder Agreement formalising this partnership was executed on 3 October 2025.

Safe Power International Ltd., has been incorporated to develop a 10 MW Wind Power Project in Alankuda, Puttalam District, Sri Lanka with an estimated total project cost of Rs. 4.2 billion. The project will be financed through a 75:25 debt-to-equity structure.

This strategic acquisition reinforces WindForce PLC’s position as a leading renewable energy developer, expanding its clean energy portfolio and contributing to the nation’s transition towards sustainable power generation. The project is expected to enhance the Company’s future earnings, diversify its generation mix, and further advance its long-term sustainability goals.

Germany’s multinational financial services giant Deutsche Bank Group’s India and Emerging Asia CEO Kaushik Shaparia was in Sri Lanka recently and met up with the Daily FT for an exclusive interview. Following are excerpts of the interview in which Shaparia recaps the role of Deutsche Bank in Sri Lanka as it marks 45 years of operations this year and reiterates commitment to further strengthen its role in Sri Lanka as well as in emerging Asia. Deutsche Bank Sri Lanka CCO Niranjan Figurado was also present during the interview.

By Nisthar Cassim

Q: Deutsche Bank has a long-standing presence in Sri Lanka. Could you tell us about your history in the country and how your role has evolved over time?

Certainly. Deutsche Bank has had a deep and enduring relationship with Sri Lanka for over four decades. We first established our presence in 1980 and have since been an integral part of the country’s financial ecosystem. Over the years, our focus has been on supporting Sri Lanka’s growth through our strengths in corporate and investment banking, trade finance, and global markets. Even through periods of volatility, including the recent economic challenges, Deutsche Bank has remained committed to the market. We view Sri Lanka as an important partner, not only in the South Asian context but also as part of our broader Asia-Pacific strategy.

Q: What differentiates Deutsche Bank’s operations in Sri Lanka from other international players?

Our differentiation comes from two core elements – consistency and capability. We have maintained an uninterrupted presence in Sri Lanka for over 40 years, which is rare among global banks. This continuity has enabled us to build deep client relationships, understand the regulatory environment, and provide stable, long-term support to our clients. Additionally, Deutsche Bank combines global expertise with local execution. We bring in the strength of our international network while tailoring solutions to meet Sri Lankan clients’ needs, whether it’s around trade financing, foreign currency, risk management, or capital market access.

Q: Sri Lanka has gone through a challenging period economically. How did Deutsche Bank navigate the crisis and support the country during that time?

The last few years have undoubtedly been difficult for Sri Lanka. But for Deutsche Bank, our approach was one of stability and partnership. We stood by our clients and the Government, continuing to facilitate key financial flows and ensuring that essential trade and corporate activities could continue. Our focus was not on short-term profitability, but on being a responsible and reliable financial partner. We continued to manage payments, foreign exchange, and trade transactions for key sectors, including essential imports such as energy and healthcare. That consistency reinforced our reputation as a trusted institution during turbulent times.

Over the years, our focus has been on supporting Sri Lanka’s growth through our strengths in corporate and investment banking, trade finance, and global markets. Even through periods of volatility, including the recent economic challenges, Deutsche Bank has remained committed to the market. We view Sri Lanka as an important partner

Q: How is Deutsche Bank positioned today as Sri Lanka embarks on its recovery journey?

We are cautiously optimistic. The macroeconomic indicators are showing improvement, and international confidence is gradually returning. Deutsche Bank is well-positioned to support both Government of Sri Lanka and private sector clients as they rebuild and attract fresh investment. We are focusing on helping Sri Lanka re-engage with global capital markets, facilitate foreign investment flows, and strengthen its trade linkages. We continue to work closely with multinational clients investing in Sri Lanka, ensuring they have access to global financial solutions within a sound risk and compliance framework.

Q: From your vantage point, what is the investment narrative for Sri Lanka today?

Sri Lanka is at an inflection point. Following the debt restructuring and the implementation of key reforms, there is a renewed sense of stability. The country’s strategic location – at the heart of major shipping routes connecting Asia, the Middle East, and Africa – gives it a unique advantage. We believe sectors such as logistics, manufacturing, renewable energy, and tourism have significant growth potential. As investor sentiment strengthens, Deutsche Bank stands ready to facilitate cross-border capital flows, support foreign direct investment, and provide advisory expertise to both domestic and international stakeholders.

Q: How does Sri Lanka fit within Deutsche Bank’s broader Asia-Pacific strategy?

Asia-Pacific continues to be one of Deutsche Bank’s most dynamic and strategically important regions. Within this, Sri Lanka holds a meaningful position as a smaller but significant market – particularly for trade, treasury, and institutional banking. Our presence here complements our regional network across India, Singapore, Hong Kong, and Southeast Asia. It allows us to serve clients with regional operations and provide them with seamless banking solutions across geographies. In essence, Sri Lanka is part of a wider Asia growth story that Deutsche Bank is deeply invested in.

Q: How would you describe Asia’s importance within Deutsche Bank’s global network?

Asia is central to Deutsche Bank’s global strategy. The region contributes a significant share of our global business and has consistently demonstrated resilience and growth potential. What makes Asia unique is its diversity – both in terms of economic maturity and regulatory frameworks. We see developed markets like Singapore and Hong Kong complementing fast-growing economies such as India, Indonesia, and Vietnam. This diversity allows us to balance growth opportunities with stability.

Q: Within this regional context, how does Deutsche Bank differentiate itself from competitors?

Our strength lies in being a truly global bank with deep local roots. Deutsche Bank’s client relationships in Asia often span decades – relationships built on trust, consistency, and the ability to deliver across market cycles. Unlike some institutions that have entered and exited markets, we have remained committed even through challenging periods. That continuity builds confidence. We also leverage our universal banking model – combining corporate banking, investment banking, and transaction banking capabilities – to offer clients holistic solutions. Another differentiator is our risk discipline and regulatory alignment. Clients value Deutsche Bank’s ability to navigate complex cross-border transactions while maintaining the highest standards of compliance and governance.

Q: Could you elaborate on the client segments Deutsche Bank focuses on in Asia?

Our primary focus is on large corporates, financial institutions, sovereigns, and global multinational clients operating across the region. These are clients who require sophisticated cross-border solutions – in areas such as trade finance, global markets, capital raising, and treasury services. In recent years, we have also expanded our engagement with high-growth sectors like renewable energy, infrastructure, and technology, which align with Asia’s long-term transformation agenda. Additionally, we support inbound and outbound investment flows – for example, Asian corporates investing overseas or international clients investing in Asia. Our strong balance sheet and global footprint allow us to facilitate such complex flows seamlessly.

Our differentiation comes from two core elements – consistency and capability. We are not here for a cycle; we are here for the future. Our clients know that we bring global expertise, local understanding, and an enduring sense of partnership. In essence, our goal is to grow with Sri Lanka – responsibly, sustainably, and with a shared vision for progress

Q: How does Deutsche Bank balance global strategy with local market realities in Asia?

It’s about achieving the right equilibrium between global consistency and local relevance. Our global strategy defines our risk appetite, product suite, and governance framework. But the way we execute – the client conversations, market engagement, and partnerships – is tailored to each country’s context. For instance, the client needs in Japan or Singapore may differ vastly from those in India or Sri Lanka. So, we empower our local leadership teams to operate with agility while staying aligned to our global standards. This balance enables us to be both globally integrated and locally responsive.

Q: In a region with diverse regulatory frameworks, how does Deutsche Bank ensure strong compliance and governance?

That’s an area where Deutsche Bank has always maintained very high standards. We have robust risk and control mechanisms embedded into our operations, and our governance frameworks are aligned with both global and local regulatory requirements. In Asia, we have invested significantly in strengthening our compliance infrastructure – from transaction monitoring and KYC processes to ESG due diligence. Our objective is not merely to meet regulatory expectations, but to anticipate them. This disciplined approach has been critical to sustaining our reputation and enabling us to support clients confidently, particularly in sensitive or high-complexity transactions.

Q: You mentioned ESG – how is Deutsche Bank integrating sustainability into its business strategy in Asia?

Sustainability is a core pillar of Deutsche Bank’s global strategy, and Asia is a key focus region in this regard. We are working closely with clients to help them transition to more sustainable business models – through green finance, ESG-linked loans, and advisory solutions. We have facilitated financing for renewable energy, energy efficiency, and social impact projects. Importantly, we also integrate ESG considerations into our own risk and lending frameworks. In Sri Lanka, for instance, we see opportunities in renewable energy and sustainable infrastructure, and we’re exploring ways to align financing solutions with the country’s sustainability agenda.

Q: How does Deutsche Bank view competition in Asia’s evolving financial landscape, particularly with the rise of local and regional players?

Competition in Asia is intense and increasingly multi-dimensional. Local banks have grown stronger, regional players are expanding, and Fintechs are introducing new models. For Deutsche Bank, this dynamic is healthy – it pushes us to innovate continuously. Our focus remains on complex, high-value segments where our global expertise, risk management, and cross-border capabilities create real differentiation. We don’t compete on scale alone; we compete on sophistication, trust, and long-term partnership. That’s where our value proposition stands out.

The EU, led by Germany, is showing renewed commitment in trade, defence, and infrastructure. Corporates are also taking active roles. This creates opportunities for countries like Sri Lanka, strategically positioned for maritime trade and with an educated workforce, to benefit from increased European engagement

Q: What has been the key to Deutsche Bank’s longevity and credibility in markets like Sri Lanka, where global players often face volatility?

I would attribute it to three factors – commitment, prudence, and partnership. Commitment, because we have never been a fair-weather player. Deutsche Bank has stayed engaged in Sri Lanka through economic highs and lows, supporting the country’s trade flows and corporate needs without disruption. Prudence, because we have maintained disciplined risk management throughout our operations. We have always been careful about portfolio quality, governance, and regulatory compliance – and that’s why our franchise remains strong even in challenging environments. And partnership, because our relationships go beyond transactions. We work collaboratively with clients, regulators, and policymakers – with the goal of contributing to long-term institutional and economic development.

Q: How do you see Deutsche Bank’s role evolving as Sri Lanka continues its economic recovery and reforms?

As Sri Lanka continues on its reform path, Deutsche Bank’s role will be to facilitate re-engagement with global markets, support the inflow of capital, and enable trade growth. We see opportunities to help the Government and private sector access new forms of financing – including sustainability-linked instruments and structured solutions that attract international investors. At the same time, we will continue to play our traditional strengths – trade finance, treasury solutions, and risk management – which are essential to stabilising and strengthening the economy’s external sector. Ultimately, our role is to be a bridge – connecting Sri Lanka’s aspirations with global financial markets and investors.

Q: Given the evolving global environment, what opportunities and challenges do you foresee for Deutsche Bank in Asia?

The opportunities are substantial. Asia continues to be the world’s growth engine, driven by demographics, consumption, and innovation. Sectors such as digital infrastructure, energy transition, and cross-border investment will define the next decade. For Deutsche Bank, this means we can play to our strengths – providing financing, advisory, and risk management solutions that enable growth across these sectors. The challenges, of course, include navigating a complex geopolitical landscape and managing regulatory divergence across markets. But our diversified presence and disciplined approach give us the resilience to adapt. We are confident that our franchise in Emerging Asia will continue to grow in both relevance and scale.

Q: How does Deutsche Bank balance profitability with purpose – especially in developing markets like Sri Lanka?

For us, profitability and purpose are not in conflict – they are interdependent. Long-term profitability comes from building relationships founded on trust and delivering value that supports economic growth and social progress. In Sri Lanka, for instance, we are not just facilitating financial transactions; we are contributing to the country’s recovery story. Every trade we finance, every payment we process, every client we advise – these activities have a real-world impact. Purpose also extends to how we conduct business. We invest in local talent, promote sustainability, and uphold the highest governance standards. That’s how we define responsible banking.

Q: What is your long-term outlook for Deutsche Bank’s presence in Sri Lanka and the broader region?

Our outlook is one of cautious optimism, anchored in commitment. We see Asia continuing to be a major growth engine globally, and Sri Lanka – with the right reforms and stability – can position itself as a regional hub for trade and investment. Deutsche Bank will continue to play a long-term role in that journey. We are not here for a cycle; we are here for the future. Our clients know that we bring global expertise, local understanding, and an enduring sense of partnership. In essence, our goal is to grow with Sri Lanka – responsibly, sustainably, and with a shared vision for progress.

Q: What differentiates Deutsche Bank in wholesale banking?

Our edge lies in international trade and finance. Before China became the world’s largest exporter, Germany held that position-not just through well-known DAX-listed firms like Daimler or BASF, but also through the Mittelstand. These mid-sized companies, with revenues ranging from one to four billion euros, are the hidden champions of global trade. Almost every Fortune 500 company has German technology embedded in its supply chain, much of it sourced from these firms. These companies operate in more than 150 countries and need a bank that understands their international needs. Deutsche Bank plays that role. We are not just a financier, but a partner who helps clients navigate complex cross-border requirements.

Q: Do you see the shift from retail to wholesale banking affecting competition?

Competition is part of the business, and it only makes us sharper. Banks that step away from retail may lose the benefit of low-cost liabilities, which could limit their ability to serve corporates competitively. For us, the focus remains clear: we want to be our clients’ first point of call.

Q: What does it mean when Deutsche Bank calls itself a ‘Global Hausbank’?

It reflects our ambition to be the first port of call for clients-whether for advice, financing, or navigating opportunities and risks across markets. We support clients both locally and globally, delivering consistent service wherever they operate. That seamless global coverage is what defines a Hausbank.

Q: How do you see Europe’s renewed focus affecting Sri Lanka and Asia?

Europe has historically focused inward, but recent geopolitical changes have been a wake-up call. The EU, led by Germany, is showing renewed commitment in trade, defence, and infrastructure. Corporates are also taking active roles. This creates opportunities for countries like Sri Lanka, strategically positioned for maritime trade and with an educated workforce, to benefit from increased European engagement.

Q: What advice would you give Sri Lanka for accelerating growth?

Policy clarity is critical. Structural reforms, digitalisation, and prudent infrastructure investment are essential. Equitable social spending alongside infrastructure development ensures the country is positioned efficiently for business. Strengthening regulatory processes and financial governance is also vital for long-term confidence and growth.

Q: How has Sri Lanka’s sovereign rating impacted Deutsche Bank’s operations?

While external ratings were initially challenging, we remained committed, focusing on the country’s credible recovery plan. Sri Lanka has surpassed expectations in meeting its obligations and maintaining fiscal discipline. We adopt a forward-looking perspective, evaluating long-term plans rather than short-term setbacks.

Q: Are there any specific plans for the bank in Sri Lanka next year?

Our global board will announce strategic plans later this year. Once those are confirmed, we will define regional priorities and focus areas. We will prioritise key initiatives to ensure meaningful execution rather than dispersing efforts across too many fronts, ensuring measurable impact for our clients and the market.

Country Head – Sri Lanka and Maldives Mario Perera

The Coca-Cola Company yesterday announced the appointment of Mario Perera as Country Head for Sri Lanka and the Maldives. With over 14 years of experience in the food and beverage (F and B) industry, Mario brings extensive regional and global leadership experience, having managed global brands across multiple countries.

Mario succeeds Kaushali Kusumapala, who assumed the role in 2024. In his new capacity, Mario will work closely with bottling partners and external stakeholders across Sri Lanka and the Maldives to accelerate growth, innovation and community impact.

In his new role, Mario will provide overall direction to the business, focusing on sustainable growth, innovation, and operational excellence. He will collaborate with bottling partners to expand the company’s beverage portfolio, introduce new products that meet evolving consumer preferences, and strengthen Coca-Cola’s commitment to environmental sustainability and community development.

In addition, Mario will play a vital role in building and sustaining strong relationships with regulators, Government authorities, industry partners, and other stakeholders, ensuring a positive and supportive operating environment for Coca-Cola in Sri Lanka and the Maldives.

Mario joined The Coca-Cola Company in 2018 as Country Marketing Manager for Sri Lanka and the Maldives, where he led brand strategy and execution across multiple beverage categories. His leadership strengthened brand equity, enhanced consumer engagement, and delivered consistent business growth.

Most recently, he served in senior leadership roles at Coca-Cola India and Southwest Asia (INSWA) as Frontline Marketing Lead for the Central and Eastern regions. In this capacity, he led multi-territory teams, partnered closely with bottler partners on portfolio priorities, and advanced consumer-first initiatives. He also directed large-scale marketing and customer acquisition and engagement initiatives across diverse markets, translating brand strategies into shopper-focused execution while managing regional programs and innovation projects ranging from festival activations to global sporting and entertainment partnerships.

SDB bank partnered the People’s Economic Forum 2025, held on 26 September at the Hilton Colombo. Organised by SANASA International in partnership with the SANASA Movement, SDB Bank, Uttamavi Company, SANASA Life Insurance, and SANASA General Insurance, the summit highlighted the central role of cooperatives in advancing economic democracy, sustainable agriculture, and community resilience.

The event, attended by Agriculture, Livestock, Lands and Irrigation Minister K.D. Lalkantha, placed strong emphasis on the Government’s vision of economic democracy and the need for cooperative-led participation in national development. Further, the specialists from multiple sectors namely, SANASA Campus Vice Chancellor Prof. Gamini Senanayake, Asian Farmers’ Organisation for Sustainable Agriculture Secretary-General Esther Petunia, SANASA Agroecology Education Program Chief Adviser Dr. Lionel Weerakoon, University of Colombo Faculty of Science Prof. Devaka Weerakoon, Sarvodaya Shramadana Movement President Dr. Vinya Ariyaratne, Lanka Rating CEO Dr. Kenneth De Silva, and SANASA Movement Founder Dr. P.A. Kiriwandeniya.

The summit brought together policymakers, cooperative leaders, academics, and international partners to exchange knowledge and chart pathways for inclusive economic progress. As a development bank with deep cooperative roots, SDB bank consistently encourages and directs its co-operative partners to participate in such knowledge-sharing forums, helping them strengthen both their financial and technical literacy while enhancing their capacity to contribute more effectively to community and national development. SDB bank Executive Director/Chief Executive Officer Kapila Ariyaratne said: ‘At SDB Bank, our very foundation is rooted in the cooperative philosophy. We believe that cooperatives are not only vital for strengthening livelihoods and communities but are also an indispensable mechanism for achieving economic democracy. As a development bank with deep cooperative ties, we see it as our responsibility to support initiatives that amplify people’s collective participation in building Sri Lanka’s economy. In this spirit, we consistently support and encourage our cooperative partners in their efforts in organising knowledge-sharing forums such as the People’s Economic Forum, enabling them to strengthen both their financial and technical literacy and contribute more effectively to sustainable community development.’

The Forum also highlighted 2025 as the International Year of Cooperatives, recognising the sector’s contribution to stabilising Sri Lanka’s fragile economy, strengthening the national food system, and building sustainable communities. SANASA International Managing Director/ People’s Economic Forum Chief Organiser Samadanie Kiriwandeniya said: ‘Cooperatives have always been at the heart of our journey, shaping the mission and values that guide us today. Events such as the People’s Economic Forum are important platforms that remind us of the power of collective action in transforming economies and building sustainable Communities. At SANASA International, we remain steadfast in our mission to provide accessible, inclusive solutions that empower cooperatives, farmers, and communities to thrive in a rapidly changing world.’

Germany’s multinational financial services giant Deutsche Bank last week said with macroeconomic indicators improving Sri Lanka is at a turning point and it will step up being a conduit for global capital, enabling trade and investment.

‘Following the debt restructuring and the implementation of key reforms, there is a renewed sense of stability. Macroeconomic indicators have improved in Sri Lanka and the country is at a turning point. Post-restructuring reforms and its strategic location offer strong potential in logistics, manufacturing, renewables, and tourism. As investor confidence returns, we are ready to channel capital and advisory support into these sectors,’ Deutsche Bank Group India and Emerging Asia CEO Kaushik Shaparia told the Daily FT in an exclusive interview.

See full interview on Page 6.

‘We are focusing on helping Sri Lanka re-engage with global capital markets, facilitate foreign investment flows, and strengthen its trade linkages. We continue to work closely with multinational clients investing in Sri Lanka, ensuring they have access to global financial solutions within a sound risk and compliance framework,’ he added.

He said that with Sri Lanka showing good progress post-crisis, Deutsche Bank is well-placed to assist both the Government of Sri Lanka and private sectors.

‘Our focus includes re-engaging with global capital markets, facilitating FDI, and strengthening trade corridors. We continue to support multinationals investing in Sri Lanka through robust risk and compliance frameworks,’ Shaparia said.

In response to a query on how Sri Lanka fit into Deutsche Bank’s Asia-Pacific strategy, he said: ‘Sri Lanka complements the Bank’s regional network, particularly in trade and institutional banking. Its integration enhances our ability to serve clients with cross-border operations across South and Southeast Asia.’

Shaparia also noted that despite initial challenges, Deutsche Bank remained engaged, guided by the country’s credible recovery plan. ‘We take a long-term view, focusing on fundamentals rather than short-term ratings,’ he added during the interview along with Deutsche Bank Sri Lanka CCO Niranjan Figurado.

The Deutsche Bank is celebrating 45 years of operations in Sri Lanka this year and remains the only European Bank to serve Sri Lanka.

‘Our longevity is built on commitment, prudence, and partnership. We have remained engaged through all economic phases, upheld strong governance, and collaborated with stakeholders to support institutional development,’ said India and Emerging Asia CEO in terms of Deutsche Bank’s credibility in Sri Lanka.

‘Over the years, our focus has been on supporting Sri Lanka’s growth through our strengths in corporate and investment banking, trade finance, and global markets. Even through periods of volatility, including the recent economic challenges, Deutsche Bank has remained committed to the market. We view Sri Lanka as an important partner,’ he added.

‘We aim to be a conduit for global capital, enabling trade and investment. We will continue to offer structured financing, sustainability-linked instruments, and core banking services to support economic stabilisation,’ Shaparia emphasised.

With regard to the long-term outlook for Sri Lanka and the region, he said ‘We remain cautiously optimistic. With continued reforms, Sri Lanka can emerge as a regional trade and investment hub. Deutsche Bank is committed to growing with the country-sustainably and strategically.

To accelerate growth, the 40 year plus banking industry veteran said policy clarity, structural reforms, digitalisation, and prudent infrastructure investment are key. Strengthening governance and regulatory frameworks will further enhance investor confidence, he added.