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Daraz launches first-ever Free Delivery Festival to set new e-commerce benchmarks in 2024

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Daraz - Free Delivery Festival Riders

Daraz, South Asia’s leading online e-commerce platform, starts off the new year with the first-ever Daraz Free Delivery Festival. Taking place from 27th January 2024, shoppers can enjoy free delivery islandwide on millions of items across fashion, beauty, home and decor, and more. This initiative further reinforces Daraz’s commitment to communities across South Asia, showcasing the development and optimisation of infrastructure and advanced technology to ensure seamless nationwide delivery and easy access to goods.

The focus of the upcoming Daraz Free Delivery Festival is to offer accessibility opportunities for individuals, irrespective of their location, and to help communities obtain their everyday requirements more affordably. With the aim of reducing the impact of increased transportation costs caused by fuel price increases and value added tax changes, this festival aims to maximise savings for shoppers. It enables customers to conveniently purchase their essentials from home by eliminating the added burden of escalated delivery expenses. Through this initiative, Daraz also seeks to engage consumers who may have been deterred from engaging in e-commerce due to delivery charges and motivate their active participation in online shopping experiences, with the aim of growing the digital economy in Sri Lanka.

Statistics also suggest that many shoppers find free delivery initiatives in e-commerce extremely useful and beneficial. For example, in December 2023 alone, over 65% of Daraz shoppers already enjoyed free delivery, representing a 700% increase compared to January 2023.

Additionally, the Daraz Free Delivery Festival also serves as an instrumental tool for sellers to explore previously untapped regions, unlocking more growth opportunities. It provides small and medium enterprises (SMEs) with the opportunity to expand their businesses into unexplored territories and broaden their footprints, witnessing a substantial increase in their reach and revenue. For example, 65% of orders on Daraz last year were delivered to shoppers outside of the seller’s home city. In line with this trend, Daraz continues to see more sellers embracing free delivery as a tool to grow their business, with over 30% growth in sellers participating in free delivery in the last quarter of 2023 alone.

“Doorstep delivery to all parts and corners of Sri Lanka is absolutely essential to driving adoption and repeated use of e-commerce in Sri Lanka. A vast logistics and operations network is imperative and Daraz has developed Sri Lanka’s most extensive fleet of vehicles and delivery partners that connect sellers and buyers through speedy delivery, and this network is being offered completely free of charge during our Free Delivery Festival. This unique nationwide logistics infrastructure is complemented by state-of-the-art technology, enabling real-time tracking and route optimisation, serving Daraz’s goal of delivering packages faster and at affordable rates regardless of one’s geographical location,” stated Sajid Suhile, Director of Operations at Daraz Sri Lanka.

Be a part of the Daraz Free Delivery Festival by logging onto the Daraz App or visiting Daraz online at www.daraz.lk.



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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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