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Call for urgent action by the Sri Lanka Women’s NGO Forum to alleviate the suffering of the people of Sri Lanka

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Sri Lanka is in the grip of a collapsing economy causing immense suffering to its people.

Acute food, medicine and fuel shortages are crippling the day-to-day lives of the people giving way to despair and frustration and driving them to the streets to express their dissent against a government that has failed them. This crumbling economy if not salvaged with strategic thinking and wholesome planning for the future, will eventually bring the country and its people down to their knees. As in all crises, women are the worst affected with multiple roles they play on a daily basis, compelled to deal with long queues for gas, fuel and essential food items. Seven deaths in fuel queues (08/04) and the first death owing to lack of medicine have been reported.

Daily-wage earners and those dependent on micro, small and medium enterprises and other vulnerable, marginalized communities who live on the edge of acute poverty owing to their ethnic, religious, caste, gender and sexual orientation, are the worst affected by this ever-deepening crisis.

Most of these communities are still suffering from the effects of the trauma and tragedy of a conflict and war of over thirty years, the tsunami, Easter bombings and the Covid-19 pandemic.

These vulnerable communities are once again compelled to face another crisis.

Women shoulder numerous burdens – having to earn an income, unpaid care work as well as dealing with the struggles of their children who are already facing challenges in their education, deprived of the pleasures and joys of childhood. All these take their toll on women, their health and their mental wellbeing. The frustrations and fears faced by the families often get translated into acts of violence against women and children and inadequate support services which do not offer lasting solutions to women survivors of violence, almost always push women back to situations of recurrent violence in the home.

Let us keep in mind that this country is overwhelmingly dependent on women’s labour – through the plantation, garment and migrant labour sectors. Let us also keep in mind that women’s labour has been and continues to be exploited through their unpaid care work, lack of welfare facilities and redress mechanisms for rights violations including in their work environment.

Women’s spaces, freedom and aspirations have been curtailed through unfair social and economic practices. Women who contribute to the wealth of this country have the right to demand that their voices be heard.

We demand accountability from those who have been the cause of this plight of our country. We demand a healthy economic and political vision for our country which includes adequate investment in health, education and care services that would improve human productivity and the overall wellbeing of the people of Sri Lanka and urge reduced spending on defense.

We need solutions and interventions that take into account the pressing concerns of women, working people and the marginalised communities of our country, who make the majority of this country.

Call for urgent action:

1. Nominate women and men who have no allegations of corruption, hold a vision and a love for their country, to seats of authority. Appoint a minister of finance who has the relevant expertise in the field. Call for the immediate resignation of all political figures who have failed our country.

2. As an urgent measure, expedite the establishment of the National Commission of Women as proposed in the Sri Lanka Women’s Charter.

3. Strengthen the Samurdhi and Cooperative systems and increase budget allocations to these institutions to enable non-discriminatory distribution of essential ration items to all households.

4. Ensure immediate food security through:

a. imposing strict price controls on goods especially essential food items, kerosene and gas.

b. providing urgent support and subsidies to the farmer and fisher communities.

c. providing nutrition packages for pregnant and lactating mothers as per budget 2022, ensuring school midday meals programme and household level relief for children.

5. Take immediate State action to restore the smooth functioning of the Health sector with adequate supply of medicines, essential medical equipment, health products and reproductive health services throughout the country.

6. Set up urgent support schemes with efficient officers who are not corrupt who would offer their services without prejudice and discrimination and address issues of starvation, homelessness, destitution and all forms of violence against women. Ensure timely responses and a people centered approach at all times.

7. Utilize public revenue to set in motion social security programmes that would ease the present crisis.

8. Ensure equal representation of capable women who are themselves affected, in advisory boards, committees and in all planning measures that address the current crisis.

9. Above all – refrain from using state violence, threats and manipulations on peaceful protests and people’s spaces and urge all politicians to desist from inciting communal violence.

We urge all citizens’ collectives – women’s collectives, trade unions, student movements, religious institutions cooperatives, farmer & fisher collectives, NGOs, all professional bodies and progressive political movements to join us in our call for urgent action in addressing this nationwide humanitarian emergency that if left unattended will destroy our country and our future generations.



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NDB reports all-time high earnings; doubles PAT on a normalised basis

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Kelum Edirisinghe - Director, Chief Executive Officer / Chair, Board of Directors Sriyan Cooray

National Development Bank PLC (hereinafter ‘the Bank’) announced its results for the financial year ended December 31, 2025 to the Colombo Stock Exchange recently. Full year results tabled by the Bank showcase a strong growth across all business lines with Net Banking Revenue increasing by a 45.2% on a comparable basis.

Like most other peers, the Bank’s 2024 financial performance was positively impacted following the successful conclusion of the ISB debt restructure with a one-off impact on interest income, fee income and net impairments amounting to LKR 1.4 billion, LKR 0.7 billion and LKR 9.4 billion, respectively for the said year.

Fund based income

Net interest income (NII), which accounts for close to 75.0% of Bank’s total operating income, grew by 6.5% on a normalised basis. Despite pressure on interest-earning assets arising from the lower interest rate environment, the Bank’s disciplined margin management helped stabilise Net Interest Margin (NIM) at 4.0% for the year. On a comparable basis, excluding one-off exceptional items, NIM stood at 4.2%, compared to 4.3% for both scenarios in 2024. By the end of the year, the Bank had close to LKR 29.3 billion in Loans and Deposits under a special arrangement with its customer(s) with a netting-off feature (end 2024: LKR 19.6 billion).

Non-fund based income

Net fee and commission income reached LKR 8.1 billion for the year – representing a growth of 14.3% from LKR 7.1 billion in 2024 excluding ISB restructuring related fees. Key growth drivers for the current year were trade finance, credit and lending, digital banking and credit and debit cards.

Credit and operating costs

Credit costs for the year amounted to LKR 5.7 billion, reflecting a substantial reduction of 57.1% compared to LKR 13.2 billion in 2024, a testament to the Bank’s strong credit underwriting practices and focused efforts on collections and recoveries. The Bank’s success on account of the latter is best reflected in notably improved stage 2 and 3 loan stock which stood at 7.9% and 10.8% respectively at end 2025 as compared with 16.6% and 14.0% at end 2024. Stage 3 provision coverage also saw further improvement to 59.1% from 54.5% during 2024 showcasing the Bank’s prudent management of credit risk.

Operating expenses closed at LKR 19.0 billion for the year, marking a 13.1% YoY increase. This increase was primarily driven by routine staff-related increments and necessary market realignments, along with higher investments in IT infrastructure and business development undertaken during the year.(NDB)

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PMF Finance appoints Nishani Perera as Non-Executive Independent Director

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Nishani Perera

PMF Finance PLC has announced the appointment of Ms. Nishani Perera as a Non-Executive Independent Director, further strengthening the Company’s strategic oversight, governance framework, and board-level expertise as it continues to advance its transformation and long-term growth agenda.

Ms. Perera is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and brings over 19 years of experience across audit, assurance, advisory, risk management, and corporate governance. She currently serves as Partner – Audit & Assurance at Moore Aiyar and as Director of Moore Consulting (Pvt) Ltd.

Over the course of her career, Ms. Perera has gained substantial exposure to listed companies, banks, finance companies, and other regulated entities. Her areas of expertise include financial reporting under SLFRS/LKAS, audit and risk oversight, regulatory compliance, and the implementation of quality management standards. She has worked closely with Boards of Directors and Audit Committees on matters relating to financial reporting integrity, internal control frameworks, enterprise risk governance, and adherence to evolving regulatory requirements.

Ms. Perera holds a Master of Laws (LL.M.) from Cardiff Metropolitan University in the United Kingdom and a Bachelor of Science in Business Administration (Special) from the University of Sri Jayewardenepura. She is also an Associate Member of ACCA and CMA Sri Lanka, and a Fellow Member of AAT Sri Lanka.

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Capital Alliance deepens capital market presence with third Closed-End Fund Listing at the CSE

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(Left – Right): Ramly Rahman, Analyst – Capital Alliance Partners Ltd ; Praveen Kanagasabai, Vice President – Capital Alliance Partners Ltd: Mrs. Nilupa Perera, Chief Regulatory Officer – CSE; Rajeeva Bandaranaike, CEO – CSE; Vevaashgar Vathanatheesan, Assistant Vice President – Capital Alliance Investment Ltd (CALI); Ochitha Bandara, Analyst – CALI; Dimuthu Abeyesekera, Chairman – CSE; Ms. Pranavi Sivaruban, Analyst – CALI; Yasith Lakshan, Analyst – CALI; Rajitha Gunarathna, Assistant Manager – Capital Alliance Partners Ltd.

The units of the “CAL Three Year Closed End Fund” were officially listed on the Colombo Stock Exchange (CSE) recently. Accordingly, a total of 841,263,375 units of the ‘CAL Three Year Closed End Fund’ were listed by Capital Alliance Investments Ltd (CALI), a member of the Capital Alliance Ltd Group (CAL Group). The listing was commemorated by way of a special bell ringing ceremony on the CSE trading floor.

CSE CEO Rajeeva Bandaranaike speaking at the occasion remarked upon the rising demand for Unit Trusts: “When you look at funds, particularly unit trusts in today’s active capital market, we see a lot of domestic interest in the market with more investors entering. Funds, not only fixed income funds but also growth and balanced funds, can be the ideal vehicle through which new investors can enter the market. We see this interest reflected in the success of CAL’s Three Year Closed End Fund. More people are seeking to invest their money through professional fund managers.”

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