Business
HNB ranked among Sri Lanka’s Top 5 Corporates
Sri Lanka’s most innovative bank, HNB PLC’s commitment to banking excellence and its resilient performance over the past year, helped to secure a Top 5 position on Business Today Top 40 for 2022.
“Over the past 4 years, Sri Lanka has been challenged and tested like never before. HNB’s performance in that time is a testament to the power of adaptability. In responding to the crisis, our organization prioritized assistance to SMEs, organizations and individuals most in need, while doubling down on our efforts to drive radical digital transformation across every aspect of the bank.
“Our performance in this year’s Business Today rankings is a powerful validation of that journey, and we take this opportunity to extend our sincere gratitude to the HNB team, and to our valued customers for powering our success at such a crucial moment. Moving forward, we remain committed to delivering seamless and frictionless banking experiences and support our nation’s collective mission to revive and rejuvenate our economy,” HNB Managing Director/CEO, Jonathan Alles stated.
HNB’s ranking was based on its strong financial performance, pioneering initiatives in digital transformation, and its extensive support for communities, enterprises and individuals impacted by Sri Lanka’s economic crisis. By the end of the year, HNB maintained assets, advances and deposits in excess of Rs. 1 trillion during which time, deposits grew by over 30% Year-on-Year (YoY) to Rs. 1.4 trillion.
HNB has been regularly featured among the Top 10 of Business Today’s rankings, ever since they were first launched in 1997. Business Today’s Top 40 Rankings were compiled following a series of stringent evaluations of all applicants by a panel of respected corporate sector veterans. Each of the nominees for this year’s rankings was assessed on their quality of growth, corporate governance and long-term vision.
Based on its recent performance, HNB was also crowned as the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.
In addition to driving outstanding financial performance, over the recent past, HNB was also ranked among the Top 1,000 World Banks by the prestigious Banker Magazine, in addition to being recognized as Sri Lanka’s Best Corporate Citizen at the prestigious Ceylon Chamber of Commerce Best Corporate Citizen Sustainability Awards 2022 (CCC BCCSA). Notably, HNB has also been consistently ranked among Sri Lanka’s Top 10 Best Corporate Citizens for 13 consecutive years.
Business
Charting a worker-centered AI future: Colombo hosts landmark ITF conference
By Sanath Nanayakkare
Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.
These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.
Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.
As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.
Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.
Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.
Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.
Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.
Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.
Business
Bridging the digital divide: Sri Lanka’s airport licence challenge
By Sanath Nanayakkare
As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).
While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.
This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.
The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.
Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.
For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.
Business
International Afro-Latin Dance Festival in Colombo to grow into a larger regional tourism draw
ALIF-SL, Sri Lanka’s first-ever international Afro-Latin dance festival, returns for its 4th edition from 25 to 27 September 2026 at the Galle Face Hotel, Colombo. The festival will bring together over 30 international and national artists and 175–200 participants from more than 20 countries, reaffirming its place as the region’s leading platform for Salsa, Bachata and Kizomba.
This year’s edition is headlined by Tropical Gem, the world’s No. 1 salsa team, travelling from Italy to perform and teach alongside a stellar international line-up. Attendees can also look forward to the ALIF Cup Sri Lanka Open, a keenly contested competition judged by an international panel, giving local dancers a rare opportunity to compete and connect with world-class talent.
“Every year, ALIF connects Sri Lanka to the world. With this year’s artist line-up and the ALIF Cup competition, we’re not just hosting a festival, we’re putting Sri Lanka on the map as a top destination for dance,” said JD Ruban, Founder and Director of ALIF-SL
Beyond the dance floor, ALIF-SL continues to support Sri Lanka’s tourism sector, drawing dancers, judges and enthusiasts from across the globe to Colombo and positioning the capital as an emerging regional hub for social dance. Organizers plan to grow the festival into a larger regional tourism draw, introduce new competition categories, and bring in even bigger headline acts in future editions.
-
News4 days agoUS embassy won’t comment on IGP’s probe into joint drug raid
-
Features6 days agoThe emptying university: why are academics leaving?
-
News3 days agoBid for Basil’s extradition nears final stage: Police
-
Business4 days agoAll-new Bolero MaXX unveiled in Sri Lanka
-
News2 days agoShanakiyan urges urgent action over reported death sentence for Lankan in Saudi Arabia
-
Weather7 days agoShowers above 100 mm are likely at some places in the Western, Central, Sabaragamuwa, Southern, North-central and North-western provinces
-
Latest News7 days agoShafali, Mandhana power India to eighth Asia Cup title
-
Opinion6 days agoWho committed genocide and created mass graves in Sri Lanka?
