Business
Sri Lanka Insurance Corporation General Limited organizes CAR insurance session for constructors enabling risk management roadmap
Sri Lanka Insurance Corporation General Limited (SLICGL) hosted a comprehensive CAR (Construction All Risks) insurance Awareness Session at Courtyard by Marriott Colombo recently to educate stakeholders from the construction sector and the Road Development Authority (RDA) on the crucial role of CAR insurance in mitigating risks inherent to construction projects.
The session covered various facets of CAR insurance, including its scope of coverage, benefits, risk assessment, policy features, claims management, and best practices in risk mitigation safeguarding projects against unforeseen risks and liabilities.
The session also emphasized SLICGL’s commitment to supporting the growth and resilience of the construction sector while ensuring the protection of stakeholders’ interests and investments. SLICGL endeavoured to facilitate meaningful dialogue, knowledge exchange, and networking opportunities to collectively address the risk management challenges faced by the construction industry, both in the public and private sectors.
The insightful program was led by Dr. Weedige S. Sanjeewa, a renowned expert in the field of insurance and Head of the Department of Insurance and Valuation at Wayamba University of Sri Lanka. Dr. Sanjeewa’s extensive knowledge and industry experience provided invaluable insights into the intricacies of CAR insurance, equipping participants with essential knowledge to navigate the complexities of risk management effectively.
During the session, expert speakers and industry veterans explored various aspects of CAR insurance, including its scope of coverage, benefits, risk assessment, policy features, claims management, and best practices in risk mitigation. The event served as a platform for stakeholders to enhance their understanding of the crucial role CAR insurance plays in safeguarding construction projects against unforeseen risks, liabilities, and potential financial losses.
The target audience for the session included construction companies, contractors, project managers, engineers, and officials from the Road Development Authority (RDA) involved in infrastructure development projects.
The initiative is particularly significant as Sri Lanka witnesses’ rapid infrastructure development and construction activity, highlighting the importance of robust risk management practices and adequate insurance coverage.
Construction projects are inherently exposed to a myriad of risks, ranging from natural disasters to third-party liabilities and unforeseen accidents. CAR insurance serves as a vital risk management tool, providing comprehensive coverage and enabling stakeholders to mitigate potential disruptions and financial setbacks.
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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