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Victoria Golf & Country Resort awarded Sri Lanka’s Best Golf Course at World Golf Awards

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Victoria Golf & Country Resort (VGCR) secured the award for Sri Lanka’s best golf course at the eighth Annual World Golf Awards. The World Golf Awards celebrate and reward excellence in golf tourism, world-class courses and golf destinations, recognizing leaders setting the benchmark in the industry. Votes are cast by professionals working within the golf industry and by golf tourism consumers.

VGCR is owned by John Keells Properties (JKP) and managed by Troon International. It is located by the Victoria Reservoir, in the hills of Digana. The golf course has been lauded for its picturesque nature and unique sporting experience.

“Victoria Golf & Country Resort’s recognition at the World Golf Awards is a validation of JKP’s investment in its properties and future growth, the untiring efforts of the staff and the faith that members, residents and guests have in the quality and distinctive experience on offer at the resort,” said Nayana Mawilmada, Sector Head of John Keells Properties and Executive Vice President – JKH.

The award also has considerable significance for Sri Lanka’s tourism sector. “Sri Lanka’s tourism industry is in the process of recovering from the pandemic. As we continue to navigate current challenges and as global tourism and travel gradually open, it is important to keep building and investing for the future. Golf tourism constitutes a key segment of the global travel and tourism marketplace. The award also provides a boost for the country as it signals Sri Lanka’s numerous offerings and experiences that speak to a wide demographic of global travellers,” noted Asela Wavita – General Manager of Victoria Golf and Country Resort.

The unique shapes and contours of VGCR, flanked by scenic vistas, create a challenging and memorable sporting experience even for seasoned golfers who have experienced fine courses around the world. Landscaped on a 517-acre land, the course was designed by Donald Steele & Co. in 1977 and is ranked among the “100 Most Beautiful Golf Courses in the World” by Golf Digest. VCGR’s recently introduced turnkey holiday villas and townhouses located within the golf course have been well received. Over 50% of Sunrise Ridge Holiday Homes have been sold to date while all premium land plots from phase one, which was launched in September 2020, have been sold out.

Further, the golf course and its facilities have been extensively renovated recently – the course was laid out with Turf Grass “Zorro Zoysia” from USA and installed with state-of-the-art automated irrigations systems. The recent award at the World Golf Awards reaffirms the quality of the course, unique experience and world-class standards at the Victoria Golf & Country Resort.

Victoria Golf & Country Resort is managed by Troon International, the biggest golf resort and club management company with over 640 resorts around the world. Through its partnership with VGCR, Troon International brings world-class agronomy practices and turf management as well as club house management and operations, offering unique golfing experiences in Sri Lanka and exclusive benefits and access to Troon-managed courses around the world for members of VGCR.

The World Golf Awards™ is part of World Travel Awards™, which is currently celebrating its 27th anniversary. Their global media partners include Destination Golf, TV5Monde, International New York Times, Bloomberg and CNBC with a monthly readership of 1.7 million and a TV audience reach of 90 million.



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Stealer malware leaked over 2 million bank cards

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The number of infections with data-stealing malware, 2020-2024 (Source: Kaspersky Digital Footprint Intelligence)

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%.

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UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

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(From left to right) Deepthi Hewageegana (CEO - UTE), Mani Rajan (Director Distribution - India), Joe Moscato (Vice President - Distribution - Japan & Asia South (India & SE Asia) Caterpillar Inc), Raja Nanayakkara (Chairman / MD - NEM Construction), Prasan Fernando (Chairman - UTE), Priath Fernando - (Director - UTE), Duminda Perera (Senior General Manager - Operations)

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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ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

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Commercial Bank Chief Operating Officer S. Prabagar and members of the senior management accepting one of the ACCA 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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