Business
HNB celebrates 135-year legacy of partnerships and progress with commemorative stamp launch
Consolidating its legacy as a cornerstone of the nation’s banking system, Sri Lanka’s premier private sector bank HNB PLC, celebrated its 135th year of supporting customers and businesses to achieve their financial goals with the release of a commemorative stamp.
Commenting on the historic occasion HNB’s Managing Director / Chief Executive Officer Jonathan Alles said, “Since our inception, HNB has recognized that our true strength lies not only in our financial prowess but also in the people we serve – from budding savers to thriving SMEs. Initiatives like ‘Gami Pubuduwa’ exemplify our commitment to embedding ourselves within communities, fostering relationships based on continuous progress and shared prosperity. Throughout, HNB has served as a beacon of hope, guiding micro-businesses to international success, and showcasing the resolute spirit of Sri Lankan entrepreneurship. Together, we eagerly anticipate the journey ahead, as we draw inspiration from our past achievements and embrace the opportunities of tomorrow.”
HNB has served as a partner in progress to generations of Sri Lankans, standing out as a symbol of resilience and innovation. The bank, and the brand have continued to evolve and adapt to an increasingly volatile, fast-paced economic landscape. As the nation’s largest private Commercial bank, HNB has emerged as a pillar of stability and a driver of change.
Over the past decade, the bank underwent an ambitious transformation, leveraging technology and digitalisation to drive sweeping upgrades to its infrastructure with a view to enable greater speed, agility, and accuracy across its back-end systems. This in turn resulted in radical improvements in service delivery and customer experience. Particularly in the aftermath of the COVID pandemic, HNB’s unmatched strengths in digital banking also helped drive the nation’s digital adoption to new heights.
Amidst these trials, HNB focused on providing uninterrupted service, ensuring stability for its customers leveraging streamlined administrative systems, redesigned product portfolios, to establish a thriving digital payment ecosystem accessible to all Sri Lankans.
The journey of brand HNB is a testament to its ability to adapt, innovate, and grow in the face of adversity. The bank’s commitment to providing exceptional customer experiences, coupled with its focus on sustainability and technological innovation, has cemented its position as a trusted and forward-thinking financial institution in Sri Lanka. (HNB)
Business
Rs 160 million + diesel discrepancy at Lakvijaya power plant prompts probe
By Ifham Nizam
A Rs.160 million-plus diesel discrepancy at the Lakvijaya power plant in Norochcholai has triggered an internal investigation, raising questions over the handling of public funds and the controls governing fuel purchased for electricity generation.
The discrepancy surfaced during an internal audit of diesel supplied to the plant from the Kolonnawa and Sapugaskanda fuel terminals, according to senior officials familiar with the inquiry.
The audit has identified five transactions—two in December 2025 and three in January 2026—in which diesel recorded as delivered to the plant allegedly could not be fully accounted for in its physical stocks.
The investigation is now examining whether these were isolated discrepancies or part of a longer-running practice.
One transaction under scrutiny relates to January 16, when records reportedly showed that 10 diesel bowsers had arrived at the plant. Investigators subsequently found indications that the fuel stock corresponded to only nine bowsers.
A storekeeper responsible for the relevant fuel operation has reportedly been temporarily removed from those duties pending the investigation.
A senior official said investigators were reviewing historical records amid indications that similar discrepancies may have occurred over a longer period. If established, the financial exposure could therefore exceed the Rs.160 million currently identified.
The investigation is comparing fuel-terminal dispatch records, tanker movements, plant-entry records, receiving documents and physical stocks to establish exactly how much fuel was dispatched, received and accounted for.
That audit trail will also be critical in determining who authorised, received and certified the disputed consignments, and whether established controls were followed.
Relevant documents were reportedly transferred from Norochcholai to the company’s Colombo head office on September 26 for further examination, with electricity-sector security personnel assisting in the transfer.
The internal audit has also reportedly uncovered expired chemical stocks worth several hundred thousand rupees in the plant’s stores. Investigators are examining whether further inventory-management irregularities occurred.
The matter was also reportedly taken to the Puttalam Police Special Crimes Investigation Unit on September 26.
When contacted by Puttalam-based journalist Hiran Priyankara Jayasinghe for The Island Financial Review, Lakvijaya Power Plant Manager Nalaka Kumara confirmed that an investigation was under way but declined to provide further details.
The financial issue is direct: if the plant paid for diesel it did not receive, public-sector funds were spent without the electricity sector receiving the corresponding fuel.
Business
Sri Lanka Food Processors Association holds 29th Annual General Meeting
The Sri Lanka Food Processors Association (SLFPA) successfully convened its 29th Annual General Meeting (AGM) on September 23, 2026, at the Water’s Edge Hotel, Battaramulla. Bringing together key industry stakeholders and member organizations, the event served as a platform to review milestone achievements from the 2025/2026 term and outline strategic priorities for the nation’s food and beverage processing sector.
At the AGM, the new Executive Committee for 2027/2028 was appointed, comprising: Honorary President Aruna Senanayake C.W. Mackie PLC Imme. Past President Thusith Wijesinghe Trans Continental Packaging & Commodities (Pvt) Ltd.
President Elect Nadishan Guruge Meadlee Trading Co. (Pvt) Ltd.
1st Vice President Damitha Perera Forbes & Walkers Commodity Brockers (Pvt) Ltd.
2nd Vice President Rasika Seneviratne Diesel & Motor Engineering PLC 3rd Vice President Deepal De Alwis Neochem International (Pvt) Ltd.
Honorary Secretary Amila Weerasinghe Nestle Lanka Limited.
Asst. SecretaryDineth Alahakoon Country Style Foods (Pvt) Ltd.
Honorary Treasurer Sameera Jayathilaka Westmann Engineering Company (Pvt) Ltd.
Asst. Treasurer Niroshan Dalpethado C D De Fonseka & Sons (Pvt) Limited. In addition to the above office bearers, the following ten Executive Committee Members were appointed:
Sanjeewa De Silva Unilever Sri Lanka Limited Sheran De Alwis MA’S Tropical Food Processing (Pvt) Limited
Thusitha Ekanayake Anods Cocoa (Pvt) Ltd.
Vijitha Govinna Plenty Foods (Pvt) Limited Ms. Praharshi Wickramasekara International Commodity Exports (Pvt) Ltd.
Sanjeewa Niroshan SGS Lanka (Pvt) Ltd. Kushan Amarasinghe Finagle Lanka (Pvt) Ltd.
Rangajeewa Hettiarrachchi Fonterra Brands Lanka (Pvt) Ltd.
Harindra Abeyrathna Vision Technologies International (Pvt) Ltd. Thilina Weerasekara Ceylon Cold Stores PLC
The event was proudly supported by key industry partners, with SGS Lanka (Pvt) Ltd serving as the Platinum Sponsor. Unilever Sri Lanka Ltd. and Nestlé Lanka Ltd. joined as Gold Sponsors, Ceylon Agro Industries – Prima as the Silver Sponsor, while Lanka Exhibition & Conference Services (LECS) and Hero Nature Products (Pvt) Ltd., supported as Bronze Sponsors.
The proceedings concluded with a vote of thanks delivered by Hony. Secretary Deepal De Alwis, followed by cocktails and a fellowship networking session, providing an opportunity for members to connect and strengthen industry ties.
Business
Uber brings the ‘business class of back seats’ to Sri Lanka with Uber Black
New premium ride option expands Uber’s portfolio from affordable Moto and Tuk rides to premium on-demand travel
Uber announced the launch of Uber Black in Sri Lanka, bringing its premium ride experience to the country for the first time. Designed as the “business class of back seats,” Uber Black combines premium vehicles and highly-rated drivers for riders looking for greater comfort, quality and a more elevated travel experience.
The launch comes as demand for premium products and experiences grows across Sri Lanka, with consumers seeking greater choice and quality in their everyday experiences. Uber Black brings this choice to on-demand mobility, whether for an airport journey, an important business meeting, a special occasion or simply when riders want to travel in greater comfort.
-
Latest News6 days agoShowers above 100 mm are likely at some places in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
-
Editorial6 days agoCrimes punished and unpunished
-
Features5 days agoBeyond traditional jobs: Why Sri Lanka needs to facilitate the gig economy
-
Editorial4 days agoBirth of a bad law
-
News2 days agoPolice remove Thileepan statue in Jaffna
-
Latest News5 days agoKusal, Wellalage star as Sri Lanka defend 322 in Headingley thriller
-
News6 days agoIMF: Sri Lanka on course for 2027 market return
-
News4 days agoTIN mandatory for key transactions from Nov. 1
