Business
Aitken Spence Hotels invests heavily in hospitality training to aid industry
Premier hospitality company Aitken Spence Hotels together with TUI Care Foundation inaugurated its first batch of students for the year 2023 as part of its Aitken Spence Institute of Hotel Management training provided for deserving youth from across the island.
The first batch for the year included 50 students selected from over 200 applicants for a craft level course in restaurant and bar services. The students will undergo a mix model of learning from a theoretical approach conducted by trained lecturers and professional hoteliers to practical knowledge gained by working at Aitken Spence Hotels’ reputed properties located island wide in key tourist hotspots. 25 of the students will engage in learning at the Aitken Spence Institute of Hotel Management in Ahungalla and the others at Aitken Spence Institute of Hotel Management Dambulla.
Speaking at the inauguration, Aitken Spence PLC Director, Head of Tourism and Leisure, and Chairperson of Aitken Spence Hotels Management Stasshani Jayawardena said that the importance of investing to mould young hoteliers in Sri Lanka can hardly be overstated. “Despite our recent troubles, Sri Lanka has been identified as a potential tourist hotspot in Asia. The many investments coming into the country in the way of new hotel chains opening or building their dream hotels around the island can attest to that. Our greatest challenge at present is the lack of skilled professionals within the industry; and this is where we come in.”
“The partnership between Aitken Spence Institute of Hotel Management and TUI rewards the deserving – those who are passionate to join the industry but may not have the necessary financial backing to enter the sector. This corporate social responsibility project is globally connected, focused on quality, and strives to make a difference in people’s lives. This joint commitment shows great faith in our country and its future.”
This is the fifth batch of the craft level course in restaurant and bar services, conducted as part of the continued training provided by Aitken Spence Hotels to build a base of professionals in the hospitality sector, given the dire need for skilled professionals within the industry.
The training provided via Aitken Spence Institute of Hotel Management is based on the syllabus of the Sri Lanka Institute of Hotel Management to ensure industry standards are maintained; whilst the Institute is managed in partnership with the TUI Care Foundation and Sustainable Hospitality Alliance. The TUI Care Foundation / Sustainable Hospitality Alliance and Aitken Spence Institute of Hotel Management partnership has produced 750 trained employees since its inception in 2019.
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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