Business
Fuel supply from Lanka Marine Services
Lanka Marine Services (Pvt) Ltd. (LMS), Sri Lanka’s leading supplier of fuel to ships, has expanded its services to supply fuel to local businesses from April 2022. Amid fuel shortages in the country, this enables local businesses to continue uninterrupted operations.
LMS has supplied fuel to more than 250 companies in Sri Lanka which operate in various industries. As LMS has been supplying marine gas oil (MGO), an alternative to diesel, which is considered to be superior in performance and environmentally friendly due to its remarkably low sulphur content. These fuel stocks are sourced directly from global oil trading hubs of Singapore and the Middle-East.
LMS has deployed a dedicated team to undertake facilitating efficient order fulfilment. The team ensures that the requirements of the clients are attended to in a timely manner. To further streamline the ordering process, LMS has launched a dedicated web page on its website where local companies can learn about the ordering process and submit order requests. After the order details and eligibility of the company are verified, LMS undertakes the customs clearance process to issue the fuel to the customers.
“With a seasoned team of operational personnel overlooking key operational aspects and customs regulations, we have been able to successfully address the needs of the local businesses when our product was desperately needed,” said Ms. Anushka Weeraratne, CEO of Lanka Marine Services. She continued, “Our dedicated team has not only identified how our products can be utilised by local companies to sustain their operations, but we have also expanded our capabilities to ensure that we make the products available within a short lead time despite the demand increase. By making our products easily accessible to the local businesses that play a major role in sustaining the wellbeing our economy, we have vastly expanded our customer base.”
“Lanka Marine Services is an entity that has always demonstrated excellence in its operations,” said Zafir Hashim, the President of the John Keells Transportation Sector. “With the expansion of its services to serve local businesses, Lanka Marine Services which is a part of John Keells Holdings PLC, is making its mark in Sri Lanka by facilitating entities to continue their operations despite the disruptions caused by the economic crisis.”
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.
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