Business
Nestlé Coconut Plan in partnership with the Coconut Cultivation Board benefits 1,000 more rural families

Fifth phase launched in the Ampara District
The fifth phase of the Nestlé Coconut Plan was launched on 10 November 2021, in Aranthalawa, Maha Oya, where 1,000 more farmers and outgrowers were presented with 5,000 hybrid coconut plantlets and organic fertilizer. Conducted in partnership with the Coconut Cultivation Board of Sri Lanka, this phase will focus on organic farming, to ensure the growth of high-quality produce, while preserving soil fertility and moisture, and conserving biodiversity.
“Much-loved by generations of Sri Lankans, coconut has been an integral part of our lives, both culturally and economically. However, in the last few years, the supply of coconut was affected by drought and crop diseases, impacting the livelihoods of many. Therefore, it gives us immense pleasure to be a part of this public-private partnership, which is helping rural families grow more resilient coconut varieties in non-traditional coconut growing areas” said Mrs. Madhavi Herath, Chairperson of the Coconut Cultivation Board.
Launched by Nestlé and the Coconut Cultivation Board in 2016, Nestlé Coconut Plan supports 4,000 farmers today. This coconut development initiative offers its participants free hybrid coconut plantlets, technical assistance and intense training and development programmes. It has also established five model farms to help farmers and outgrowers benchmark best practice, latest of which will focus on organic farming methods.
“This is a rewarding opportunity for us, to be able to help Sri Lanka gain self-sufficiency in coconut and support farming practices that are good for the planet and good for our communities. As we embark on a journey toward regeneration, we look forward to providing our farmers the required assistance to adopt organic farming practices to ensure their farms will be both sustainable and profitable. Our ambition is to continue help protect, renew and restore food systems at scale, one step at a time” said Jason Avanceña, Managing Director of Nestlé Lanka.
Nestlé has operated in Sri Lanka for over 115 years. The company supports more than 10,000 farmers across the country and contributes billions to the local coconut industry. The company has consistently enhanced the well-being of rural communities. Last year, even during the pandemic, Nestlé Lanka continued to buy coconut, paying out Rs. 4.5 billion to procure over 90 million fresh coconut. Further, as one of the largest exporters of Coconut Milk Powder in the world, the company contributed Rs. 3.8 billion in export revenue to the Sri Lankan economy in 2020.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
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