Business
SAGT wins sustainability award from Ceylon Chamber of Commerce
South Asia Gateway Terminals (Pvt) Ltd (SAGT), Sri Lanka’s first Public Private Partnership emerged winner in the “Other” category at the Best Corporate Citizen Sustainability Awards 2024 hosted by the Ceylon Chamber of Commerce, an SAGT news release said.
“Since launching its sustainability strategy in 2018, SAGT has been at the forefront of driving sustainable operations both within its terminal and the Port of Colombo. SAGT was the first and to date remains the only single operator terminal in the South Asia Region to publish an independently accredited annual sustainability report which charts the Company’s progressive journey in sustainable terminal operations,” it said.
The release added that in pursuit of achieving net zero ahead of the 2050 IMO mandated target, SAGT continues to leverage energy efficient technology and innovation to drive down its carbon emissions. Following the successful hybrid conversion of its Rubber Tyred Gantry Cranes (RTGs), SAGT has achieved over 50% diesel saving per machine. Over the past five years (2019/20-2023/24) SAGT has reduced the Green House Gas (GHG) intensity of its operations by 28%. Accelerating progress towards decarbonization, SAGT continues to explore electrification and renewable energy to power relevant segments across all of its operations.
“Employees are at the heart of SAGT’s business success. SAGT’s commitment continues to invest in the wellbeing and development of its employees. In 2024 SAGT redoubled its efforts to create a more diverse and equitable working environment and became the first port sector organization in Sri Lanka to introduce a paternity leave policy,” it continued.
“Amidst the prevailing economic backdrop in the country SAGT continues to work towards the upliftment of its surrounding communities. During the period 2023/24 SAGT partially funded the restarting of the stalled Thriposha production by donating milk powder (a primary ingredient) to the value of USD 500,000.00 facilitating production of 3 million 750g packs reaching 1.5 million beneficiaries. Thriposha is the Government of Sri Lanka’s fortified nutritional program benefitting malnourished children (between 6 months-5 years) and pregnant and lactating mothers.”
Commenting on the award, Udara Cumaratunga, Deputy General Manger – Commercial and Marketing stated “SAGT is committed to its sustainability aspirations that permeates through all aspects of our operations encompassing social, environmental and governance responsibilities. We are grateful to the Ceylon Chamber of Commerce and the judging panel for recognizing our efforts in pioneering sustainable best practices in the Port of Colombo and the region”.
South Asia Gateway Terminals (SAGT), Sri Lanka’s first Public Private Partnership container terminal commenced operations in 1999 with a vision to be the most trusted Gateway in the Indian ocean. Built on a foundation of Teamwork, Safety, Trust and Integrity, Customer Centricity & Excellence, SAGT presents the international trading community a competitive best in class service. A pioneer in sustainable terminal operations, SAGT continues to steer course for a sustainable future. Promoting “Ease of doing business” through digitalization and digitization is an integral part of SAGT’s DNA. SAGT is a recipient of multiple independent globally recognized “best practice” awards since inception.
SAGT is a Board of Investment flagship company whose shareholders include – John Keells Holdings, Maersk/APM Terminals, SLPA and Evergreen Marine Corporation.
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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