Business
Kapruka to headway world class platform “Partner Central” for local brick and mortar sellers

Ahead of its upcoming initial public offering (IPO), Kapruka, the pioneering e-commerce platform that has evolved into Sri Lanka’s largest locally owned global e-com platform announced its plans to develop ‘Kapruka Partner Central’ – a premier marketplace platform for well-established brick and mortar shops in Sri Lanka. The platform will connect buyers and sellers and allow sellers to choose multiple order fulfillment options, including fulfillment by Kapruka itself.
The platform will be similar in nature to the highly successful and popular business model implemented by leading international chain, Amazon, known as ‘Fulfilment by Amazon’ (FBA). ‘Kapruka Partner Central’ will differentiate itself from other marketplaces in Sri Lanka by handling the storage at seller’s premises, with picking and packing, island-wide delivery, returns, exchanges, and exceptional customer service, bundled together under one solution.
Kapruka aims to fund its growth plans through share issuance from the upcoming IPO, which will include upgrading existing technology and infrastructure to launching the ‘Kapruka Platform Services’ which will carry its new initiatives. The e-commerce site plans to launch the Partner Central initiative in 2022, which would be one of its kind in Sri Lanka – a timely intervention given the significant increase in public interest moving towards e-commerce platforms throughout and after pandemic.
The Partner Central project will be carried out via Kapruka E-commerce (Pvt) Limited which is a fully owned subsidiary of Kapruka Holdings Limited. The Company looks to invest LKR 200Mn of the IPO proceeds towards this, commencing next year, with development expected to be completed by 2024.
Commenting on Partner Central and the future of Kapruka’s services, Founder and CEO, Dulith Herath, stated, “We look forward to once again transform the local e-commerce industry through the revolutionary Kapruka Partner Central platform, which stands to have a significantly positive impact on Kapruka’s partners and the local economy in general. The platform is part of our long-term investment plan further to the IPO, with the central goal of optimizing partner and customer experience, thereby elevating our ability to create value for all stakeholders alike. Partner Central, based on the leading Amazon FBA solution, has the potential to not only transform local businesses, but contribute towards securing the country’s economic status as well.”
Having launched back in 2002 as a start-up by founder Dulith Herath, with a capital of less than $1,000, Kapruka has transformed into the largest locally-owned ecommerce Company. It is now a multi-billion-rupee enterprise, without any external investors, using a non-marketplace e-commerce model with fully integrated delivery, serving a wide variety of both local and expatriate Sri Lankan clientele. The company has since been benchmarked and recognized by global giants such as Amazon.com. Being the local e-com ‘master-seller’ in Sri Lanka, Kapruka has also enabled an abundance of aspiring local producers and sellers to vend their products on the site. Kapruka stocks over 135,000 products, has partnerships with 500+ renowned brands and serves over 1.1 Mn expat clients. The Company has over 32,000 sqft of warehouse space and 100+ delivery vehicles to support its operations.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
-
Foreign News1 day ago
Search continues in Dominican Republic for missing student Sudiksha Konanki
-
News5 days ago
Alfred Duraiappa’s relative killed in Canada shooting
-
Opinion7 days ago
Insulting SL armed forces
-
Features4 days ago
Richard de Zoysa at 67
-
Editorial6 days ago
Ghosts refusing to fade away
-
Features4 days ago
SL Navy helping save kidneys
-
Midweek Review5 days ago
Ranil in Head-to-Head controversy
-
Features6 days ago
The Gypsies…one year at a time