Business
JICA launches three-year technical cooperation project with SLCG on oil spill response capability improvement
Japan International Cooperation Agency (JICA) launched a three year new technical cooperation project together with Japan Coast Guard (JCG) and Sri Lanka Coast Guard(SLCG) in further assisting SLCG to establish an in-house oil spill response training system, an extension of past cooperation on oil spill incident management techniques.
Sri Lanka located on the important maritime transport route between Asia and Europe/ Middle-east, a maritime accident would have major impacts on safe navigation of vessels, maritime environment and economic activities of the region. SLCG is recognized as one of the principal players to combat maritime oil spill incidents and JICA has extended its continuous support to SLCG since 2014 up to now, including provision of two (2) patrol vessels tailored in Japan and continuous technical training to enhance SLCG’s response capacity.
Following the project Kickoff in July 2022, a JICA mission has been deployed to Sri Lanka Coast Guard from 29th August to 2nd September that consists of three (3) JCG officers including the Mobile Cooperation Team as JICA Experts and a Senior Advisor of JICA HQs to commence project activities in Sri Lanka. JICA Expert members conducted an inspection of the SLCG patrol vessel 501 Samudraraksha, and 502 Samaraksha which were handed over to SLCG in year 2018, and oil spill combat equipment expected to be used in the practical training sessions. 22 trained SLCG instructors are expected to receive additional intensive training in Japan and Sri Lanka through transfer of knowledge and skills used by JCG under Japan’s Official Development Assistance. A Joint Coordinating Committee Meeting was held between SLCG, JCG and JICA on 30th August to finalize the project approach including its operational plan for the next 3 years.
“We are very grateful to SLCG for maintaining the vessels and equipment that JICA has granted in proper conditions. It is our expectation that SLCG will utilize this opportunity to further strengthen its capacity to combat oil spills and establish a sustainable mechanism to preserve the knowledge within SLCG. JICA and JCG team look forward to giving our best support in the next 3 years” said, TSUCHIYA Koji JICA Senior Advisor.
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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