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Big names in the retail industry seek relief measures, PM wants no layoffs

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Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister Mahinda Rajapaksa recently to address the issues and difficulties they are faced with due to COVID pressures in the country.

Representatives of SLRA requested Prime Minister to institute relief measures through the Ministry of Finance for their sector’s smooth functioning in the COVID environment.

During this meeting which was also attended by the representatives from Sri Lanka Apparel Brands Association (SLABA), the Prime Minister requested all Lankan industrialists and business enterprises not to retrench their workers and staff but to safeguard them.

Representatives of SLRA and SLABA apprised the Prime Minister of the various issues the sectors are faced with including obtaining of bank loans, opening letters of credit, vaccination of apparel and retail workers, and difficulties they face with EPF and ETF payments. SLRA members also requested permission to re-open FMCG vendors, supermarkets, clothing, fashion, jewellery, footwear and accessories outlets, household and consumer durable shops, e-commerce vendors, healthcare, wellness, entertainment, food, restaurants and fast food outlets, and shelter housing providers’ outlets, with COVID control measures.

Sectoral representatives informed the Prime Minister that they have faced various business setbacks in the 24 months since the Easter bombings and the COVID outbreak, and therefore, called for relief measures for their sectors from the Ministry of Finance.

The Prime Minister was joined at the meeting by Minister of Industries Wimal Weerawansa, Minister of Labour Affairs Nimal Siripala De Silva, State Minister of Batik, Handloom and Local Apparel Products Dayasiri Jayasekara, State Minister of Money and Capital Market and State Enterprise Reforms Ajith Nivard Cabraal, Director General of Health Services Dr. Asela Gunawardena and officials from the Central Bank and Ministry of Finance.

“We had a very fruitful meeting with Prime Minister Mahinda Rajapaksa. We thank him for giving us an opportunity to discuss these concerns and we appreciate his openness in listening to our grievances. We were also informed that moratoriums on bank loans will be granted to the business community which we are a part of and for which we extend our highest appreciation,” SLRA said.

“We appealed to reduce or postpone utility payments which would reduce our cost burdens as they constitute a significant expenditure for us. Sri Lanka’s organised retail sector is a critical ecosystem in the wellbeing of Lankan customers, families, and livelihoods. It accounts for around one-third of the GDP and over 15% of employment in the country. The FMCG and fashion sub sectors have become key channels of employment for the country’s youth and the entry point for them in modern trade. We are confident of relief measures so that a consumer crisis won’t take place”, Hussain Sadique stated.

Among members of SLRA are FMCG vendors, supermarkets, clothing, fashion and jewelry, household & consumer durables, footwear and accessories, e-commerce, healthcare and wellness, entertainment, restaurants and fast food sellers, and shelter and housing providers.

Members of SLRA include; Keells Super, Cargills Foods, Dilmah, Abans, Singer, Softlogic, Damro, Bata, Di, DSI, Fashion Bug, Cool Planet, Cotton Collection, Vogue Jewellers, Hameedia, Dankotuwa, P&S, No Limit among others.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

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.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

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.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

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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