Business
Seylan Bank among Top Ten in Sri Lanka’s first ever ‘Women Friendly Workplace Awards 2021’

Seylan Bank, the Bank with a Heart, was recently honoured at Sri Lanka’s first ever Women Friendly Workplace Awards 2021 (WFWP), pioneered jointly by the Satyn Magazine and Chartered Institute of Management Accountants (CIMA) Sri Lanka. Seylan Bank was named one of the Top Ten Places to Work for Women at the award ceremony that took place on 2nd November, 2021, at the Cinnamon Grand. The bank was assessed based on how supportive and empowering they were to women at work.
The WFWP Awards are widely recognized as strengthening women’s roles in the workplace in Sri Lanka and reinforcing Sri Lanka’s commitment to the United Nations SDG 05, which targets gender equality and opportunity.
“We are really grateful for the opportunity provided by Satyn Magazine and CIMA to showcase our commitment to equality. Seylan Bank has always pushed for equal opportunities and a diverse workforce. We are happy that 46 percent of the employee base at Seylan are women and many board committees within the organization are led by female Directors. 20 percent of the company’s Senior Management and 34 percent of the management team is made up of women. 20 percent of the entire employee cadre at Seylan is managed and led by women. Seylan has been a safe and welcoming environment for women to work, and the company has provided equal opportunities for women to advance in their careers. Seylan is also actively working on ensuring more female representation at the Bank in the future”, stated Amanthi Motha, Chief Manager Human Resources at Seylan Bank PLC.
The pandemic did have an impact on Seylan Bank’s operations, but this has not discouraged the organization from investing in workplace policies and programmes that encourage women’s progress at all levels and in all business sectors. The Bank promotes and supports women in achieving their professional goals. It has encouraged women’s empowerment because it realizes that the variety and talent of its staff provides value to consumers and shareholders. The organization believes in encouraging them to join higher-level teams, ensuring that women are adequately represented in future leadership roles.
“Employee diversity within a company is crucial for human capital stability, which is why we are committed to fostering gender equality and equal opportunities at work. We believe that the future workforce will be equal, and the organization has set ambitious targets to achieve gender equality sooner rather than later. By making this pledge, we will be able to enhance our female employee retention rate, resulting in improved growth and sustainability for the economy as a whole”, added Sharon Fonseka, Assistant General Manager, Corporate Credit at Seylan Bank PLC.
The Women Friendly Workplace Awards 2021 were judged by a distinguished panel of judges including corporate leader Ravi Abeysuriya, FCMA CGMA, ; Manohari Abeysekera FCMA CGMA – Council Member for South Asia, CIMA – UK; Dumindra Ratnayaka, Chairman of Suvaseriya; Prof. Arosha Adikaram, Head of HR Department University of Colombo; Jeevan Thyagarajah, Governor of the Northern Province; Zahara Ansary, FCMA, CGMA, Country Manager – CIMA and Nayomini R Weerasooriya – Founder/Editor of Satyn Magazine
Seylan Bank, the Bank with a Heart, operates with a vision to offer the ultimate banking experience to its valued customers through cutting-edge technology, innovative products, and best-in-class services. The Bank has a growing clientele of SMEs, Retail and Corporate Customers, and has expanded its footprint with 172 branches, 70 Cash Deposit Machines, 86 Cheque Deposit Machines and an ATM network of 216 units across the country. Seylan Bank has been endorsed as a financially stable organization with performance excellence across the board by Fitch Ratings, with the bank’s national long-term rating revised to ‘A’ (lka). The bank was ranked second among public listed companies for transparency in corporate reporting by Transparency Global and is now part of the S&P Dow Jones SL 20 Index. These achievements are a testament to Seylan Bank’s financial stability and unwavering dedication to ensuring excellence across all aspects.
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
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.
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.
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