Business
Move to increase private flights to Batticola Airport from July
A meeting took place on May 25th at the auditorium of the Ministry of Ports, Shipping, and Aviation, bringing together the Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, and the Governor of the Eastern Province, Senthil Thondaman. The objective of this meeting was to discuss strategies and initiatives for the development of the Eastern Province, with a particular focus on enhancing air and sea travel infrastructure to support the tourism industry in the region.
During the meeting, the challenges related to air travel accessibility for tourists visiting the Eastern Province were discussed, particularly the issue of expensive airfares.
As a result, a consensus was reached to initiate domestic flights connecting the area with airports located in Katunayake, Mattala, Ratmalana, and Palali. This decision aims to address the difficulties faced by tourists and improve the overall facilitation of air travel within the region.
During this discussion, it was revealed that private airlines operating internally have not taken sufficient steps to maximize the benefits of the Baticaloa Airport, which is capable of facilitating flights carrying approximately 75 passengers.
It has been revealed that enhancing airport productivity can be achieved by extending flights from Chennai, India to Ratmalana and further to Batticaloa. The Governor emphasized the intention to discuss this matter with Alliance Airline, which currently operates flights from Chennai to Ratmalana, and take necessary steps to extend the flights up to Batticaloa. During the meeting, airline representatives announced plans to increase flight operations from Ratmalana and Katunayake to Batticaloa starting in July.
It was also decided that discussions would be initiated with the relevant representatives of shipping lines to explore the possibility of extending passenger lines that connect Colombo and Hambantota up to Trincomalee.
Officials and representatives from the Ministry of Ports, Shipping and Aviation, eastern Province Governor’s Office, Airport and Aviation Services (Sri Lanka) (Private) Limited, Sri Lanka Air Force (SLAF) and private airline services also attended the discussions.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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