Business
AAC delegates meet State Minister of Transport
On an invitation by Lasantha Alagiyawanna, State Minister for Transport, delegates of the Automobile Association of Ceylon (AAC), comprising Dhammika Attygalle (President), Keerthi Gunawardane(Vice President), Piyankara Jayaratne (Vice Patron) and Devapriya Hettiarachchi (Secretary), met at the State Ministry of Transport at D.R. Wijewardane Mawatha on July 12.
The purpose of the discussion was to ascertain the kinds of services and facilities provided by the Association, besides the Association’s future plans regarding road safety projects. The Association provided a power point presentation of their facilities and services and said that they are the voice of motorists and that their motto is “Partner in Motoring”.
The Association emphasized that they are party to the UN Decade of Action 2010-2020, extended over the period, 2021-2030, and that they annually conduct at least one or two road safety projects.
The road safety projects are inclusive of workshops and seminars, not only for motorists but for all other road users, including schoolchildren.
The State Minister then suggested that the Association could provide a Road Map to the ministry in regard to future road safety projects the Association hopes to undertake.
The State Minister also pointed out that at present data regarding road accidents, fatalities and injuries are collected by the Police Department, insurance companies, the Road Development Authority, Department of Motor Traffic and the National Road Safety Council, but there is no consistency in such data-gathering and there is no guarantee of the accuracy of this data. He therefore inquired whether the Association could develop a software for this purpose so that accurate data could be gathered.
The State Minister said that the Department of Motor Traffic intends to extend its services and that there is a proposal to establish a counter at the Katunayake International Air Port arrival terminal to issue temporary driving licences to foreigners to enable them to drive in Sri Lanka. He extended an invitation to the Association to combine their operations with those of the Department.
The State Minister further inquired whether the AAC wishes to change the Incorporation Act of 1957. But Association delegates did not want to give up their identity as the Association’s incorporation is state recognized.
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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