News
ComBank MD/CEO Sanath Manatunge honoured as ‘Diversity Champion’
Commercial Bank of Ceylon Managing Director/CEO Mr Sanath Manatunge has been recognized as one of the ‘Top 10 Diversity Champions’ in Sri Lanka in 2024 for his leadership in fostering diversity, equity, and inclusion within Sri Lanka’s banking sector, a news release from the bank said.
“This prestigious recognition is part of the Top 10 Diversity Champion Awards Program organized by Women in Management (WIM) in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under the ‘Respectful Workplaces’ initiative,” it said.
“The selection of the country’s Top 10 Diversity Champions was based on a rigorous process of evaluation by a panel of judges which included Mr Gevorg Sargsyan, Country Manager for the World Bank and IFC. “
Mr Manatunge’s unwavering commitment to an inclusive workplace has driven a profound cultural transformation at Commercial Bank, where every employee, regardless of background, ethnicity, gender, or orientation feels valued and empowered, the Bank said. His dedication to diversity and inclusion has positioned Commercial Bank as a beacon of equitable leadership, reshaping industry standards and setting a new benchmark for what it means to be a true champion of diversity, the release continued.
Notably, Commercial Bank was recently ranked No 1 among Sri Lankan banks in the inaugural Corporate Happiness Index (CHI) of LMD magazine. The Bank was the highest-ranked bank in 14 of the 16 attributes used to compile the index, including the attributes of ‘Gender balance’ and ‘Workplace diversity.’
Under the guidance of Mr Manatunge, Commercial Bank has launched a series of innovative products and initiatives that emphasise customer experience and a strong commitment to Diversity, Equity, and Inclusion (DEI). Mr Manatunge’s vision has driven the Bank to create inclusive financial solutions that cater to various customer needs and promote sustainability.
These initiatives include embracing a trilingual approach across all digital banking products; the launch of products for different customer segments including teenagers; the ‘Empower Her’ series of initiatives to support women’s financial independence and develop their financial literacy and entrepreneurial potential; the launch Sri Lanka’s first Green Home Loans scheme; and the launch of ‘Commercial Bank LEAP Global Linker’ – the platform that connects Sri Lankan SMEs to global markets, to name a few.
Commercial Bank’s efforts to promote gender balance has resulted in higher female representation in both corporate and senior management roles, which reflects the Bank’s dedication to providing equal opportunities for career advancement and fostering leadership pathways for women. Additionally, the Bank upholds equal pay standards, ensuring that there are no gender-based pay disparities and that female employees are remunerated fairly for their contributions across all roles.
Under Mr Manatunge’s leadership, Commercial Bank has also taken strategic steps to operate as a social enterprise, balancing financial success with a genuine contribution to society. This focus on marginalised communities and livelihood development ensures the Bank’s services create lasting, positive change. Through collaborations with like-minded organisations, the Bank reinforces its role in supporting community development with sustainable, impactful programmes.
Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalization in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest lender to Sri Lanka’s SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a Microfinance company in Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives. The Bank’s fully-owned subsidiary CBC Finance Ltd. also delivers a wide range of financial services via its own branch network.
Latest News
Former President Mahinda Rajapaksa has arrived at the Bribery Commission
Former President Mahinda Rajapaksa has arrived to appear before the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) this morning (12) to provide a statement regarding the alleged SriLankan Airlines Airbus deal.
News
Death of infant at Trinco District General Hospital: Suspended docs were at private hospital performing operation: Govt.
GMOA denies allegation, calls for independent probe by a panel of experts
The Health Ministry is considering whether criminal liability should be apportioned to two doctors, suspended over the death of an infant at the Trincomalee District General Hospital during a GMOA strike last month, official sources said.
Health Minister Dr. Nalinda Jayatissa said further investigations were underway to determine whether the doctors involved had committed any criminal offence in connection with the incident.
GMOA President Dr. Prabath Sugathadasa told The Island that his association had asked the Health MInistry to conduct an impartial investigation. Emphasising the need to include experts in the inquiry team, Dr. Sugathadasa said that the death at the Trincomalee hospital had not happened due to the doctors’ strike.
The GMOA always maintained emergency services during trade union action therefore the Trincomalee death couldn’t be blamed on the Association, he said.
The infant died on 09 April while members of the Government Medical Officers’ Association (GMOA) were on strike.
Following a preliminary investigation, the Ministry of Health suspended the services of the hospital’s obstetrics and gynaecology specialist and a senior medical officer.
Health Ministry sources said the suspension order had been issued last Friday by the Health Ministry Secretary after investigators uncovered what were described as serious lapses and negligence linked to the death of the newborn during childbirth.
According to investigators, a newborn in distress had been reported from the maternity ward at around 8.45 a.m. on 09 April. Although a resident midwife had alerted the relevant medical personnel, proper medical attention had allegedly not been provided.
The inquiry found that the mother’s suffering had been prolonged and complications had been allowed to develop without a timely intervention. Investigators also noted that adequate care had not been provided even after the patient had been admitted to the ward.
Preliminary findings further revealed that the doctor concerned had failed to participate in the delivery procedure, thereby losing a critical opportunity to prevent complications.
The investigation also found that despite the mother having fever and chills, necessary medical intervention had allegedly not been carried out.
Health Ministry sources said the inquiry had uncovered several irregularities in the discharge of duties, some of which had reportedly been highlighted previously in an official communication issued by the Ministry Secretary.
The Ministry confirmed that disciplinary action had been initiated against the doctors following the findings of the preliminary investigation.
Sources identified one of the suspended doctors as a specialist attached to the Trincomalee District General Hospital who also serves as the President of the GMOA branch at the hospital.
According to Health Ministry the two doctors, under investigation, had been attending to a caesarian operation at a private hospital, in Trincomalee, though they falsely claimed they were on strike.
News
Moves to strengthen environmental law after 24 years
The government yesterday (11) unveiled sweeping amendments to National Environmental Act No. 47 of 1980. It had been last amended in 2002. Authorities described the latest amendments as one of the country’s most significant environmental legal reforms aimed at protecting ecosystems and ensuring sustainable development.
The proposed amendments were announced during a media briefing held at the Department of Government Information under the patronage of Dr. Dammika Patabendi and Deputy Environment Minister Anton Jayakody.
Also present were Secretary to the Ministry of Environment K.R. Uduwawala, Environment Ministry Advisor Dr. Ravindra Kariyawasam, and Director General of the Central Environmental Authority Kapila Rajapaksha.
Speaking at the briefing, Minister Patabendi said the amendments were designed to breathe new life into environmental governance while aligning with the government’s policy vision of “A Sustainable Biosphere – A Green Life.”
“The environmental challenges confronting Sri Lanka today are far more complex than they were when this law was introduced in 1980,” Minister Patabendi said. “Therefore, we need a stronger and more modern legal framework capable of protecting ecosystems, ensuring environmental justice and safeguarding natural resources for future generations.”
The amended Bill, prepared with the participation of environmentalists, academics and other experts, has already been tabled in Parliament and is expected to be debated shortly.
One of the key features of the revised legislation is the legal strengthening of environmental responsibilities vested in local government authorities.
Under the new provisions, the Central Environmental Authority will have enhanced powers to take legal action against local authorities that fail to comply with environmental regulations and directives.
The legislation also empowers magistrates to impose substantial fines on institutions that ignore court orders aimed at rectifying environmental violations.
Minister Patabendi stressed that environmental protection could no longer remain secondary to economic development.
“Sustainable development must be based on scientific principles,” he said. “Development that destroys ecosystems is not development. Environmental conservation and economic progress must go hand in hand.”
The amendments further tighten controls over industries operating under Environmental Protection Licences (EPLs).
Authorities said industries that violate EPL conditions or fail to prevent serious industrial hazards could face suspension or cancellation of licences. The law also introduces provisions enabling temporary closure orders against industries operating in violation of environmental standards.
A major addition to the revised Act is the introduction of dedicated legal provisions governing hazardous waste and chemical management.
Under the new framework, the Environment Minister will have powers to enforce stricter regulations under the supervision of technical expert committees.
The Bill also criminalises the submission of false information in Environmental Impact Assessments (EIA/IEE) and unauthorised alterations to approved development projects.
In another significant move, Strategic Environmental Assessments (SEA) will become mandatory in state policymaking, a measure authorities say will place scientific analysis at the centre of national development planning.
Minister Patabendi described the reforms as essential for ensuring long-term environmental security in the face of climate change and ecological degradation.
“We are introducing laws not only for the present generation but for the generations yet to come,” he said. “Protecting wetlands, forests, water resources and biodiversity is now an urgent national responsibility.”
The amended legislation also introduces the globally recognised concept of Extended Producer Responsibility (EPR), which places responsibility on manufacturers for managing the full life cycle of their products, including post-consumer waste.
Environmentalists have long argued that Sri Lanka requires stronger legal mechanisms to address mounting waste management challenges, especially plastic pollution and hazardous waste disposal.
The revised Act additionally introduces a specialised legal framework for wetland conservation, reflecting growing concerns over the rapid degradation of sensitive ecosystems across the island.
Sri Lanka, recognised as one of the world’s biodiversity hotspots, possesses rich ecosystems ranging from tropical rainforests and mangroves to wetlands and dry-zone forests.
Environmental experts say the proposed reforms could significantly strengthen conservation efforts if effectively implemented.
Minister Patabendi said the government hoped the new legal framework would help secure a greener and more sustainable future for the country.
“Our responsibility is to leave behind a living environment that future generations can inherit with pride,” he said.
By Ifham Nizam
-
News6 days agoMIT expert warns of catastrophic consequences of USD 2.5 mn Treasury heist
-
News3 days agoLanka Port City officials to meet investors in Dubai
-
Editorial6 days agoClean Sri Lanka and dirty politics
-
Editorial5 days agoThe Vijay factor
-
News4 days agoSLPP expresses concern over death of former SriLankan CEO
-
News7 days agoDevelopment Officer bids Rs. 48 mn for CPC’s V8 at auction
-
News4 days agoPolice inform Fort Magistrate’s Court of finding ex-CEO of SriLankan dead under suspicious circumstances
-
Opinion7 days agoPostmortem reports and the pursuit of justice
