Business
Institute of Supply and Materials Management signs MOU with IDB
Achieving targeted objectives via emphasis on the importance of Supply Chain Management, the Industrial Development Board entered into a Memorandum of Understanding on Supply and Materials Management on April 10. It was conducted as proposed by the Institute of Supply and Materials Management (ISMM) to promote Sri Lankan industries under the patronage of the Minister of Industries Dr. Ramesh Pathirana.
The implementation of this MOU will ensure the establishment of a basic policy framework so as to manage the supply chain in the field, while also making the process at the factories more efficient and productive.
Minister Ramesh Pathirana expressed his heartfelt gratitude to the Institute of Supply and Materials Management. With a history of half a century in the profession, it is one of the leading Institutes that produces professionals in the field of Supply Chain Management.
He further added that it is essential to develop substitutes for imports and export manufacturing industries in the future. This will facilitate micro, small and medium scale industries to carry out the Supply Chain Management processes more accurately and efficiently.
The ISMM president, Jayantha Gallehewa thanked the Minister for leading the initiative to obtain Cabinet approval for declaring October 24th as the “National Supply Chain Day” each year from year 2022 onwards. Thereafter, “Advisory Notes on Curative Measures to Streamline Supply Chain Processes to Achieve Enhanced Productivity”, which was formulated subsequent to the international seminar conducted by the ISMM, was also presented to the minister by the president.
The officials of Ceylon Industrial Development Board such as, chairman Dr. Saranga Alahapperuma, General Manager P. L. U. Ratnamalala, Director of Engineering W. A. P. K. Nishantha, Project Coordinator, Senior Engineering Assistant Nandalal Lekamge and president of the Institute of Supply and Materials Management Jayantha Gallehewa, Immediate Past President Sarath Gamage, Vice President Major General Renaka Udawatta (Rtd), General Secretary Dr. (Eng.) Sanath Divakara were present on this ioccasion.
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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