Business
ComBank undertakes to reforest 100 hectares in Kandegama, Polonnaruwa
A 100-hectare swath of degraded habitat belonging to the Kandegama forest in the Dimbulagala range of the Polonnaruwa District is to be reforested by the Commercial Bank of Ceylon under the latest environment-linked commitment of Sri Lanka’s benchmark private bank.The area, which is home to elephants, leopards, deer, and porcupine and is also climatically significant, is to be restored under this project in collaboration with the Forest Department.
Forests in the North-East area of the country have a catalytic effect on the North-East monsoon and the reforestation of Kandegama is expected to improve rainfall stability in the region in addition to paving the way for other environmental benefits including climate change mitigation, biodiversity conservation, and habitat improvement, the Bank said.
“We are determined to ensure that the current economic challenges do not side-track our commitments to chosen nationally-important causes,” Commercial Bank Managing Director/CEO Sanath Manatunge said. “As the only Bank in Sri Lanka to achieve 100% carbon neutral status and as a Bank which is committed to preserve the environment, Commercial Bank is very pleased to join hands with Forests Department for this reforestation project. With this project, Commercial Bank continues its support to Sri Lanka’s efforts to increase its forest cover and conserve habitats.”
He noted that Sri Lanka has pledged to increase its forest cover up to 32% by 2030 under the 2015 Paris Agreement of the United Nations and the country also plans to restore 200,000 hectares of deforested and degraded forest by 2030 in response to the Bonn Challenge which seeks to bring 350 million hectares of landscapes into restoration, globally.
The Kandegama forest occupies an area of 600 hectares. The dominant vegetation of the forest is scrub and bushes such as ‘Hinguru’ and ‘Babila’ and invasive plants. Scattered stands of large trees such as ‘Madan,’‘Mayila’ and ‘Kon’ offer refuge to its wildlife.
The reforestation project funded by the Bank envisages the planting and maintaining of 62,500 seedlings of local species and extends to reducing the danger of forest fires by 95% by removing invasive flora such as ‘Mana’ and ‘Illuk’ grass that hinder the growth of other plants and are susceptible to forest fires during the dry season. This will also aid natural regeneration and control cattle grazing.
Funds provided by Commercial Bank will be used to conduct a land survey and map out the 100 ha of forest under the purview of the project, a study of its vegetation to understand the effects of other activities on species composition and density, the clearing of strips to the width of 5m and planting of seedlings, establishment of fire lines for fire control by removing ground vegetation up to a 10m strip around the plantation area to avoid external fires spreading to the forest land, fertilising and watering during prolonged drought periods, maintaining and monitoring the forest land and fire belt for a period of three years, and the performance of annual sample surveys.
The Bank’s CSR Trust also focuses on marine conservation under its environmental initiatives. Recent such initiatives of the Bank include support to the Koggala Mangrove Restoration and Conservation Project. The Bank has funded the planting of a belt of 2,000 mangrove plants and 750 mangrove associates around a little island in the Koggala Lake, along with 500 terrestrial plants on the island. Commercial Bank has also provided financial assistance to plant 1,000 mangrove trees along the Mannar coastal belt and to clean-up the beach area.
Sri Lanka’s first 100% carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 12 years consecutively, Commercial Bank operates a network of 268 branches and 940 automated machines in Sri Lanka. Commercial Bank is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s Banking sector. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.
Business
Malaysia courts more Sri Lankan travelers as ‘Visit Malaysia 2026’ gathers steam
Malaysia is intensifying efforts to attract more Sri Lankan travelers by promoting its diverse tourism offerings, strong air connectivity, Muslim-friendly facilities and expanding business partnerships ahead of the ‘Visit Malaysia 2026’ (VMY2026) campaign.
Addressing the Tourism Malaysia product presentation yesterday in Colombo, Malaysian High Commissioner to Sri Lanka Badli Hisham Adam said tourism remains one of the strongest pillars of the long-standing bilateral relationship between Malaysia and Sri Lanka, helping strengthen cultural understanding, business links and people-to-people ties.
The event, organised by Tourism Malaysia Chennai in collaboration with the High Commission of Malaysia in Colombo, brought together Malaysian tourism stakeholders, airline representatives, Sri Lankan travel industry professionals and members of the media to explore new business opportunities.
The High Commissioner said Sri Lanka continues to be an important source market for Malaysia, with growing numbers of Sri Lankan travelers seeking destinations that combine diversity, affordability, quality experiences and convenient connectivity.
“As part of ‘Visit Malaysia 2026’, we warmly invite Sri Lankan travelers to discover the richness of Malaysia, he said.
Highlighting Malaysia’s tourism strengths, the envoy said the country offers a wide range of attractions, including multicultural cities, UNESCO World Heritage Sites, pristine beaches, tropical rainforests, cool highlands and unique wildlife.
These are complemented by world-class shopping, family-friendly attractions, educational opportunities, wellness and medical tourism, business events and internationally renowned hospitality.
He also stressed Malaysia’s position as the world’s leading Muslim-friendly destination, supported by an extensive halal ecosystem with internationally recognised certification, halal-certified restaurants, easily accessible prayer facilities and family-oriented amenities across the country.
Despite ongoing geopolitical uncertainties around the world, the High Commissioner said Malaysia remains a stable, peaceful and welcoming destination for international travelers.
He urged Sri Lankan travel agents to strengthen collaboration with Malaysian tourism providers by developing innovative travel packages targeting leisure travelers, business visitors and event participants.
The presentation featured leading Malaysian tourism partners, including Wyndham Ion Majestic, Lotus Desaru, Key Term Holidays representing the Sabah Tourism Board and Asian Overland representing The PULSE Group, showcasing Malaysia’s diverse tourism experiences and investment in the Sri Lankan market.
The envoy also acknowledged the contribution of airline partners and the media in enhancing Malaysia’s visibility and improving travel connectivity between the two countries.
Looking ahead to ‘Visit Malaysia 2026’, he said the future growth of tourism would depend on stronger collaboration, innovation and meaningful partnerships between industry stakeholders.
He expressed confidence that closer cooperation between Malaysia and Sri Lanka would generate fresh business opportunities while encouraging more Sri Lankan visitors to experience Malaysia’s culture, diversity and hospitality.
The High Commissioner concluded by expressing hope that the networking session would lead to stronger commercial partnerships and contribute to the success of ‘Visit Malaysia 2026’, further deepening tourism and economic ties between the two friendly nations.
By Ifham Nizam
Business
Women Empowered Global launches ‘Leadership Lab’
Women Empowered Global (WEG), a network of award‑winning female leaders, corporate CXOs and entrepreneurs, experts and thought leaders dedicated to empowering women from six continents, unveiled the ‘WEG Leadership Lab’, a 24‑week virtual intensive programme, commencing 26 September. The programme is designed exclusively for women leaders who are ready to accelerate their careers, amplify leadership visibility, and drive transformational growth.
The women‑only leadership experience breaks the mould of conventional training, offering a powerful blend of masterclasses, mentorship, and practical leadership tools tailored for rising leaders, managers, and senior professionals. Participants will gain international exposure, sharpen essential skills, and the opportunity to join a vibrant knowledge‑sharing community which fosters confidence, resilience, and impact.
“The WEG Leadership Lab is not for casual growth. It is for women who are serious about transforming their leadership journey,” said Senela Jayasuriya, Founder/CEO, Women Empowered Global. “By combining global expertise with local delivery, we are creating pathways for women across manufacturing, trading, finance, marketing, technology, and management, as entrepreneurs, business owners, fractional executives, or corporate leaders, to thrive and build a more inclusive leadership landscape.”
WEG’s platform facilitates international exposure and career development for professionals and connects more than 4,000 members worldwide. The Leadership Lab builds on WEG’s flagship initiatives, including the 1 Million Women in Power campaign, the African Women Leadership Forum, the Business Hub, and the Global Online Academy. The programme aims to deliver a transformative journey equipping women to step boldly into leadership roles locally and internationally.
Led by Senela Jayasuriya (MBA, UK), an internationally recognized and awarded leadership & empowerment coach and innovation partner, keynote speaker, and certified expert, WEG collaborates with DEI specialists, corporate boards, Business and HR leaders, to design programmes which advance women’s careers, leadership visibility, equity, and inclusion. To date, she has successfully delivered leadership development programmes to more than 20,000 professionals.
Business
JKCG Auto and Green EV join forces to build Sri Lanka’s most expansive EV charging network
John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and Denza in Sri Lanka, has launched a strategic partnership with Green EV on 26th June 2026 to significantly expand the charging infrastructure available to its customers across the island. The collaboration, formalised through a Memorandum of Understanding (MOU), marks a pivotal step in JKCG Auto’s ongoing commitment to building a comprehensive and reliable New Energy Vehicle (NEV) ecosystem in Sri Lanka.
Through this partnership, BYD and Denza owners will gain seamless access to Green EV’s public charging network of 100+ DC fast chargers and 70 AC chargers, spanning 20 districts and all nine provinces of Sri Lanka, from Jaffna in the north to Hambantota in the south, and from Puttalam on the northwest coast to Trincomalee and Ampara on the eastern seaboard, encompassing a mix of 40kW, 60kW, and 120kW fast-charging infrastructure. The network has been designed to ensure that customers can charge conveniently and confidently, whether in the heart of Colombo or in suburban and outstation communities, removing one of the most commonly cited barriers to EV adoption in Sri Lanka. Further strengthening customer confidence, Green EV has partnered with SLIC to provide a comprehensive insurance cover of LKR 100 million for every Green EV charging station, offering protection against potential damages and ensuring complete peace of mind for every user.
The initiative reflects JKCG Auto’s broader strategy to invest in the foundations of sustainable mobility, ensuring that the transition to electric vehicles is supported not only by world-class vehicles, but by a dependable ecosystem that addresses the practical needs of everyday ownership.
“If the future of mobility in Sri Lanka is going to be electric, success will hinge on how accessible we are able to make the actual vehicles, as well as the enabling infrastructure around them. JKCG Auto is proud to partner with other visionaries like Green EV to ensure that we eliminate range anxiety, so that every customer – whether in Colombo or anywhere in Sri Lanka will have the confidence to go electric,” JKCG Auto Chief Executive Officer, Charith Panditharatne.
-
Features4 days agoTwo memorable excerpts from a former SLAF commander’s memoir
-
Business4 days ago‘Giving up was never an option’: The fisherman who fought back after losing millions in SL
-
Latest News5 days agoDavis cup Asia/Oceania Group IV 2026 to be held in Colombo from 20th to 25th July
-
Features4 days agoErdoğan’s New Republic
-
Life style4 days agoTaste of the Swiss Alps comes to Colombo
-
News5 days agoEvidence recorded in money laundering case against Yoshitha Rajapaksa
-
News5 days agoDengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
-
News6 days agoMoney laundering case against Yoshitha, fixed for pre-trial conference
