Business
ACL Cables partners Institute of Technology, University of Moratuwa
In a dedicated effort to enrich students’ knowledge and understanding, ACL Cables PLC, Sri Lanka’s No. 1 cable company partnered the Institute of Technology University of Moratuwa (ITUM), the centre of excellence in Technological Education, to conduct a special educational forum recently.
Organised in collaboration with the Electrical, Electronics and Telecommunication Technology Faculty of the University, ACL conducted the special lecture on the theme ‘Basic awareness of electrical cables.’ The session was held for the 3rd year undergraduates of the faculty. The lecture was delivered by Palitha Ethulgama, Deputy General Manager, Sales and Marketing, ACL Cables PLC.
Deputy General Manager, ACL Cables, Palitha Ethulgama added, “As the pioneer of the cable industry it is our pleasure to train and educate the next generation on the application and practicality of the industry. We believe that they will benefit from the knowledge gained from this forum once they step into the industry as electrical engineers. Therefore, it is our duty and responsibility to continuously support the education of these undergraduates to make them efficient and effective professionals.”
In addition to facilitating the special forum, ACL Cables also donated two sample boards inclusive of domestic and industrial cables and its range of electrical switches, sockets to the Faculty. The sample boards were shared to be showcased as an exhibit at the labs to support students’ education and ensure they are well versed in electrical cables and switches.
Furthermore, to support the practical work of students, ACL donated a separate set of switches, sockets including the latest releases of key card switches and motion sensor switches, facilitating students’ ability to design electrical circuits during practical sessions.
The donations were handed over by Palith Ethulagama and Shavinda Senanayake, Brand Manager, ACL Cables PLC. Mangalika Kannangara, Senior Lecturer and Shiran Maduranga, Lecturer of the division of Electrical, Electronic and telecommunication technology received the donations.
Commenting on the educational forum Mangalika Kannangara, Senior Lecturer, stated, “We thank ACL Cables in conducting such important educational forums for our students at the Electrical, Electronic and Telecommunication technology Faculty. We highly appreciate their effort in sharing vital industry knowledge and educating students on the practical application in a perspective of industry standards. Faculty members and students alike, found the session extremely important and useful to enhance our overall knowledge. I also thank ACL for their generous donation of two sample boards and samples, supporting the practical education of our students.”
Committed to supporting students in career pathways, ACL has previously participated in the ITUM Career Fair, held in December 2022 and recruited undergraduates for a 6-month internship programme. Thereby, a total of 15 students joined the internship programme for their first implant training. Another batch of 15 students are expected to join the programmme shortly.
ACL markets a range of products including electrical cables, switches, circuit protection devices, ceiling fans and many more related electrical accessories.
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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