Business
CA Sri Lanka’s Non-Financial Reporting Guideline, a key to business sustainability – SEC chairman
By Hiran H.Senewiratne
The Non-Financial Reporting (NFR) Guideline to promote non-financial reporting practices among companies would enable the sustainability of any business entity and lead to social governance for the betterment of society, Securities and Exchange Commission of Sri Lanka (SEC) chairman Viraj Dayaratne said.
“Developing a NFR Guideline for listed and non- listed companies when preparing annual reports promotes not only the sustainability for the organization but also helps it to promote social equity and justice and fairplay, Dayaratne said at the launch of the Chartered Accountants of Sri Lanka’s Non- Financial Reporting Guideline for companies. The event was held at the CA- Sri Lanka auditorium on Wednesday.
The SEC chairman said that having a NFR guideline of this nature would enable business leaders to take future decisions, like investments on behalf of the company, and also enable them to take sustainability related risks for companies in a competitive business environment.
Dayaratne added: ‘Best accounting standards create public confidence while the Non-Financial Reporting Guideline will support the company’s integrated corporate activities.
‘SEC, being the stock market regulator, intends to promote these NFR Guidelines among listed companies. This Non- Financial Reporting Guideline will strengthen and ensure fair and balanced corporate reporting among companies, while also promoting non-financial reporting practices amid growing demands from diverse stakeholders and enhancing corporate social responsibility.’
CA-Sri Lanka president Sanjaya Bandara said that the aim of this guideline is to help companies show high quality relevant useful, consistent and comparable non-financial information spanning economic, environmental, social and governance related matters to ensure sustainable growth while providing transparency and accountability to all stakeholders of corporates that produce annual reports
“This guideline will firstly provide a new framework for reporting non-financial information and also the development of the capital market in our country, Bandara said.
Chairman, CA Sri Lanka Task Force to Develop Non-Financial Reporting Practices in Sri Lanka Nuwan Withanage said that the NFR Guideline has been developed with the aim of delivering investor oriented sustainability related disclosures, focused on enterprise value creation over the short, medium and long terms.
The NFR Guideline has been developed for all entities, including listed and unlisted as well as large to small and medium sized enterprises in Sri Lanka, which produce annual reports and follow the Economic, Environment, Social and Governance (EESG)framework.
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.
-
News4 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News3 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features5 days agoDitwah: An unusual cyclone
-
Latest News6 days agoUpdated Payment Instructions for Disaster Relief Contributions
-
News1 day agoCPC delegation meets JVP for talks on disaster response
-
News1 day agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady
-
Business1 day agoLOLC Finance Factoring powers business growth
