Business
LAUGFS Rubber recognized as Runner-Up in the Export Sector category at NBEA awards ceremony
LAUGFS Rubber, announces that it has been honoured as the Runner-Up in the Export Sector category at the National Business Excellence Awards (NBEA) 2023, organised by the National Chamber of Commerce of Sri Lanka (NCCSL), a highly regarded platform that acknowledges exceptional business performances and recognises organisations for their contribution to the country’s economic progress.
Upon receiving the award, LAUGFS Rubber Chief Executive Officer, Chinthaka Wegapitiya, expressed his gratitude, stating, “We would like to extend our heartfelt appreciation to NCCSL. It is more than a pleasure to be recognized as the Runner Up in the Export Sector category at the National Business Excellence Awards 2023. This achievement would not have been possible without our exceptional team’s dedication and collective effort, whose passion and expertise drive our success. As we move forward, we remain committed to upholding our position as a leading exporter, delivering superior products and solutions, fostering innovation, and striving for excellence in everything we do.”
As a trusted and reliable partner for international customers seeking high-quality tyres, LAUGFS Rubber’s export performance not only contributes to its own growth but also plays a pivotal role in promoting the rubber industry of Sri Lanka on the international stage. This achievement highlights LAUGFS Rubber’s commitment to excellence and its strong focus on innovation, quality, and customer satisfaction. For instance, LAUGFS Rubber recently opened a rubber collection center where rubber farmers can sell their produce directly without the involvement of a 3rd party.
LAUGFS Rubber, a subsidiary of LAUGFS Holdings, operates with a specialized focus on industrial tyres, exporting to customers in over 40 countries. Venturing further into international waters, LAUGFS Rubber also operates two subsidiaries; one in the United States (LAUGFS USA LLC) and the other in Europe (LAUGFS EUROPE B.V). Functioning at high capacity, both companies are equipped with warehouses and distribution points, effectively catering to the growing demand across the regions.
In line with international best practices, the company boasts a state-of-the-art, environmentally friendly manufacturing facility, which generates 40% of its energy requirement through solar panels. This facility uses the finest rubber compounds and the globally recognized Total Quality Management (TQM) processes to produce REACH-compliant, solid tires of international standards. Given its strong commitment to quality and environmentally sound manufacturing practices, the Company has received the ISO 9001-2015 certification for policy management, ISO 50001-2011 certification for energy management, and ISO 14001-2015 for environment management.
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.
-
News4 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News3 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features5 days agoDitwah: An unusual cyclone
-
Latest News6 days agoUpdated Payment Instructions for Disaster Relief Contributions
-
News1 day agoCPC delegation meets JVP for talks on disaster response
-
News1 day agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady
-
Latest News7 days agoLandslide Early Warnings issued to the Districts of Badulla, Colombo, Gampaha, Kalutara, Kandy, Kegalle, Kurunegala, Matale, Moneragala, Nuwara Eliya and Ratnapura
