Business
Greenpeace South Asia releases new report on climate and oceans, on opening day of UN Biodiversity Conference
As the 16th Conference of the Parties for the Convention on Biological Diversity (CBD COP 16) opens in Cali, Colombia, a new Greenpeace report, “In Hotter Water: How the Global Ocean Treaty can boost climate action”, presents compelling evidence of the climate crisis’ disastrous impacts on the ocean and coastal communities, as well as solutions forward.
The report summarises scientific findings over the last five years which raise the alarm about ocean warming, coral bleaching, shifting marine species distributions, sea ice loss, sea level rise and extreme weather events.[1] Also highlighting a recent study, the report warns that the oceans’ ability to absorb carbon dioxide may no longer be able to keep pace with human emissions.[2] All these changes have come at huge cost to the oceans themselves, and with profound consequences for billions of people worldwide.
Avinash Chanchal Kumar, Campaign Manager for Greenpeace South Asia, said:
“We must urgently take action and safeguard our best ally in the fight against climate change. Alongside drastically reducing carbon emissions as a matter of urgency, governments must ratify the Global Ocean Treaty that will allow the creation of large protected areas on the high seas. These would improve the resilience of marine ecosystems to climate change, maintain ocean carbon storage capacity and ultimately benefit us all.”
While the ocean and climate crises are worsening, governments have been dragging their feet on measures to effectively protect the oceans. To this day, less than 1% of the high seas – the largest habitat on Earth, comprising 64% of the world’s ocean – is fully or highly protected from human activities.
Anita Rumeshi Perera, Greenpeace South Asia campaign in Sri Lanka added:
“The ocean supports all life on this planet, and on the eve of the UN Biodiversity Conference we have displayed a giant inflatable octopus mascot at Lotus Tower in Colombo, to engage with the public on ocean conservation benefits. We are now calling on the new President and future government to make the signature and ratification of the Global Ocean Treaty one of their environmental priorities. Whereas climate change, heat waves and floodings now impact everyday lives we must act on straightforward multilateral solutions at hand”.
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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