Business
JASTECA Awards 2025 to elevate industry standards
Call for entries now open
The Japan Sri Lanka Technical and Cultural Association (JASTECA) announced the launch of the prestigious JASTECA Awards 2025, reaffirming its commitment to recognizing Sri Lanka’s top-performing organizations in 5S, Kaizen, and Corporate Social Responsibility (CSR) practices.
Since its inception, JASTECA has been a pioneer in advancing workplace excellence, operational efficiency, and sustainability. This year’s event marks the beginning of another chapter in recognizing businesses that successfully integrate Japanese management philosophies to drive innovation and continuous improvement.
Expressing his thoughts, Mangala Samarajeewa, President of JASTECA said, “A JASTECA Award is more than just an accolade – it is a mark of excellence, offering organizations enhanced industry recognition, improved stakeholder confidence, and a competitive advantage in the marketplace. Participants will also benefit from benchmarking opportunities and employee engagement. The recognition serves not only as a validation of current success but also as a catalyst for future growth,”
The focus of the JASTECA Awards 2025 is to elevate industry standards by encouraging organizations to adopt Advanced 5S methodologies, broaden participation by attracting a diverse range of companies across industries, and refine evaluation criteria for excellence. Additionally, the Awards will place greater emphasis on expanding expert-led training sessions and strengthening awareness of 5S benefits and its impact on business efficiency and productivity.
The Awards ceremony, which is set to take place in September this year, will feature three key award categories:
- Taiki Akimoto 5S Awards 2025 –
Honoring organizations that have successfully implemented the 5S methodology to enhance workplace productivity and efficiency.
- Nagaaki Yamamoto Kaizen Awards 2025 –
Recognizing continuous improvement initiatives that drive innovation and business growth.
- CSR Sustainability Awards 2025 –
Highlighting companies that demonstrate excellence in social and environmental responsibility.
The Awards will be presented in Gold, Silver, Bronze, and Merit categories, with separate distinctions for Large, Medium, Small, and Micro enterprises. Organizations with the highest score in the Large Category will be recognized as the Overall Winner of JASTECA Awards 2025.
Applications for the JASTECA Awards 2025 are now open and can be submitted via the official JASTECA website: https://jasteca.org/. The deadline for submissions is set for March 25, 2025. The rigorous selection process will include preliminary assessments, shortlisting, and final evaluations conducted by industry experts.
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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