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‘Oceanic resources over- exploited; natural balance imperiled’

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Graham Marshall; ‘We are shooting ourselves in the foot’.

Sri Lanka’s oceans are eight times larger than its landmass—yet the nation continues to overlook its greatest asset. Graham Marshall, President of the Wildlife and Nature Protection Society (WNPS), is urging policymakers and corporates to treat marine conservation with the same seriousness as terrestrial conservation.

Speaking to The Island Financial Review recently after an exclusive screening of ‘Ocean with Sir David Attenborough’—hosted by Spa Ceylon at SCOPE Cinema, Havelock City Mall—Marshall echoed the famed naturalist’s warning: “We are disturbed when a forest is degraded, but ignore that the same destruction is happening beneath the sea. The ocean is a forest too—green, vibrant, and full of life. We are losing it at an alarming rate.”

For centuries, fishing was sustainable. Coastal communities lived in equilibrium with the sea—catching fish while stocks naturally replenished. “That balance is broken, Marshall warned. “Industrial vessels scrape the seabed, destroying everything. Coastal families now come back with empty nets. Their livelihoods are being wiped out by large commercial fleets chasing profits.”

With less than three percent of world’s seas protected, the stakes are high. “We are an island of 65,000 square kilometres, but with 550,000 square kilometres of ocean. Our food security, our economy, even our climate resilience depends on the seas. Yet we treat them as if they are expendable.”

Marshall stressed that the issue goes far beyond biodiversity. “Mangroves, seagrasses, coral reefs—these are our frontline defences against climate change. They absorb more carbon than tropical rainforests. Protecting them is not just an environmental concern, it’s an economic one. Conservation means more fish, more livelihoods and more stability for coastal communities. Destroying these ecosystems is like destroying our own economy.”

He warned that unchecked exploitation is “shooting ourselves in the foot.” By chasing short-term gains, Sri Lanka risks losing the long-term value of its blue economy—an asset that could rival its traditional industries if managed sustainably.

Marshall highlighted that WNPS has already shifted gears to give oceans the attention they deserve. “We now have a very active marine committee, with brilliant scientists like Dr. Malik Fernando, Dr. Rex de Silva, and generations of divers who know these seas. We are building on the work of pioneers such as Arthur C. Clarke.”

Current efforts include mangrove and seagrass conservation, promoting marine protected areas and community-based resource management. But Marshall stressed that more needs to be done. “We must address destructive commercial fishing practices. We must empower coastal communities. And corporates must step up—marine conservation should be at the heart of sustainability agendas.”

Marshall’s message is clear: Sri Lanka’s oceans are not a luxury—they are the foundation of its survival and prosperity. “As an island nation, our seas are our borders, our livelihoods, and our protection. If we continue destroying them, we risk not just biodiversity, but our economic future. If we protect them, we protect our people.”

By Ifham Nizam



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

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.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

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.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

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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