Business
Globally distributed British tech consultancy Codification expands operations into Sri Lanka
Codification, a globally distributed digital transformation consultancy based in the UK, entered into the Sri Lankan market last year and has since accelerated hiring in the country. Having been impressed by the quality and capabilities of the talent Sri Lanka has to offer, Codification has been recruiting key senior personnel and moving major operational functions to Colombo, including areas such as engineering delivery and sales and marketing functions. The company also announced the launch of a new Sales Academy and a DevOps Academy in the country.
Speaking on expanding operations into Sri Lanka, Codification Founder and CEO Richard Smith stated: “Our aim is to become a globally distributed company with worldwide operations. We hire in Sri Lanka primarily because of the engineering talent that has emerged over the past decade. It’s also strategic when it comes to the location. We have customers in the UK, Europe, the Middle East, and Asia, and have ambitions to follow the sun with a global workflow. Our hiring process in Sri Lanka has been quite impressive, because not only is the team extremely talented, but they have the soft skills required to drive our values forward as well.”
The global digital transformation market spending is projected to reach $ 1.8 trillion in 2022. By 2025, global digital transformation spending is expected to reach $ 2.8 trillion. As a hyper-growth start-up, Codification’s attempt to capture this market has seen them utilising the prowess of Sri Lanka’s high-quality engineering and business talent.
The company has seen exponential growth since launching its operations in Sri Lanka in June 2021, with its revenue growing 60% in 9 months. Riding on this success, Codification has made key senior management hires within the country, where they aim to use the wealth of the collective experience of some of Sri Lanka’s finest talent to expand its operations.
Commenting on talent acquisition for the expansion, Codification Head of Talent Acquisition Ms. Hinaya Akram noted: “Since launching operations in Sri Lanka in 2021, we have expedited the talent acquisition process significantly and we hired over 80 new team members from Sri Lanka. In 2022, as we expand rapidly, our goal is to double our numbers.”
Codification’s collective Sri Lankan roster now boasts of over 85 professionals. The company’s increased investment into engineering and business talent demonstrates its commitment towards harnessing the talent of Sri Lanka’s best minds to become a global industry-leader while providing opportunities on the world stage for local talent.
“At Codification, we believe in idea meritocracy – an environment where collaboration and discussion are encouraged – and through that, the idea that gains the most consensus wins. We’re committed to transparency and honesty within the organisation and we’ve created a culture where diversity is celebrated,” Mr. Smith added.
With significant investments in Sri Lanka, Codification also took steps to safeguard the financial security of its team members, where it has shown cognizance towards the adverse effects of the exchange rate-induced inflation in Sri Lanka.
To alleviate the negative effects and further demonstrate the commitment towards Sri Lanka, the company has decided to peg the salaries of its Sri Lankan roster to the pound sterling. As a consultancy service business, Codification hopes that this step makes sure their team members and their families are safe against the depreciation of the Sri Lankan rupee and the increasing cost of living.
Codification is a remote-first digital transformation consultancy that specialises in cloud native technologies, DevOps adoption, Kubernetes and DevSecOps consultancy, SRE, and IT governance, currently with a presence in the UK, Bulgaria, the Middle East, Malaysia, and Sri Lanka.
Business
HNB Assurance Recognized with Merit Award at the Great HR Awards 2025
HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.
Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”
Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”
Business
MullenLowe Sri Lanka named Creative Agency of the Year in South Asia
MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka
Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.
Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”
The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.
Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”
The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.
Business
ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025
The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.
This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.
In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.
At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.
The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.
Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.
As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.
Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
-
Features4 days agoFinally, Mahinda Yapa sets the record straight
-
News6 days agoOver 35,000 drug offenders nabbed in 36 days
-
News5 days agoCyclone Ditwah leaves Sri Lanka’s biodiversity in ruins: Top scientist warns of unseen ecological disaster
-
News6 days agoRising water level in Malwathu Oya triggers alert in Thanthirimale
-
Features4 days agoHandunnetti and Colonial Shackles of English in Sri Lanka
-
Business3 days agoCabinet approves establishment of two 50 MW wind power stations in Mullikulum, Mannar region
-
Business6 days agoSri Lanka betting its tourism future on cold, hard numbers
-
News6 days agoJetstar to launch Australia’s only low-cost direct flights to Sri Lanka, with fares from just $315^
