Business
Naleen Edirisinghe assumes duties as Chief Executive Officer – designate of Pan Asia Bank

The current Chief Operating Officer of Pan Asia Bank, Naleen Edirisinghe, will function as Chief Executive Officer (CEO) – designate with effect from 1st January 2023, after serving the bank in the capacity of COO for the last several years and for two decades prior in various capacities. He will succeed Managing Director/CEO, Nimal Tillekeratne, who will retire on 31st March 2023 after a successful stint at the helm of the Bank.
A product of Trinity College – Kandy, Naleen has himself played a key role in the transformation of the Bank over the last 22 years. A veteran banker with over 35 years banking experience with extensive experience in Retail and SME Banking including Credit, Recoveries, Project Financing and Branch Operations, his deep insights into the Bank’s culture and operations will be an added advantage. Pan Asia Bank has weathered the pandemic-induced challenges and the economic crisis with grit and resilience. Its sound fundamentals and Naleen’s visionary leadership will enable the Bank to strengthen its position further.
Naleen commenced his banking career in 1987 with Commercial Bank of Ceylon and then joined National Development Bank in 1998. He has been at Pan Asia Bank since the year 2000. He holds an MSc in Management from the University of Sri Jayewardenepura. He is a Senior Fellow of the Institute of Bankers of Sri Lanka, Fellow of the Certified Professional Managers, Member of the Association of Professional Bankers, Sri Lanka and a Certified Life & Business coach from the Sri Lanka Institute of Training & Development. Naleen is presently the Chairman of the Banking Sub Committee of the National Chamber of Commerce of Sri Lanka and is also a Member of the Academic Council of the Institute of Bankers of Sri Lanka.
Recording consistent growth year after year, Pan Asia Bank is strongly positioned as the ‘Truly Sri Lankan Bank’, marking an illustrious journey that has promoted financial security and fulfilled aspirations of its customers, while supporting the prosperity of the nation.
Business
CBSL presents Financial Statements and Operations Report 2024 to President

The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, officially handed over the Financial Statements and Operations Report 2024 of the Central Bank of Sri Lanka to President Anura Kumara Disanayake at the Presidential Secretariat on Tuesday (29).
A copy of the report was also presented to Secretary to the President Dr. Nandika Sanath Kumanayake.
Several senior officials from the Central Bank were present at the occasion.
Business
HNB Investment Bank promotes Hayleys’ Rs. 7 billion debenture issue as Joint Placement Agent

Hayleys PLC, one of Sri Lanka’s foremost diversified conglomerates, has announced its plans to raise up to Rs. 7 billion through a debenture issue, marking one of the largest corporate debt offerings scheduled for Q2 2025. This strategic initiative has received in-principle approval from the Colombo Stock Exchange.
At the core of this transaction, HNB Investment Bank (HNBIB) plays a leading role as Joint Placement Agent to the issue, alongside Commercial Bank of Ceylon PLC. Renowned for its bespoke financial solutions and strong track record in capital market transactions, HNBIB’s involvement is pivotal to the success of this offering, reaffirming its expertise in structuring and placing sophisticated debt instruments, most recently demonstrated by way of being the exclusive manager for the country’s first-ever high-yield bond issuance earlier this year.
Hayleys’ initial tranche will offer 50 million listed, rated, unsecured, senior, redeemable five-year debentures priced at Rs. 100 each, aiming to raise Rs. 5 billion. In the event of oversubscription, the company retains the flexibility to issue an additional 20 million debentures, increasing the total potential value to Rs. 7 billion. The funds raised are intended to further optimize Hayleys’ capital structure, underlining the company’s forward-looking financial strategy.
The subscription list for the debentures will officially open on 5th May 2025.
Backed by a strong AAA (Lka) rating from Fitch Ratings Lanka Limited and senior status, the securities offer a compelling investment opportunity, combining stability with the potential for attractive returns.
As Hayleys PLC gears up for this significant fundraising exercise, the selection of HNB Investment Bank as a trusted partner, reinforces confidence in the success of the offering, once again highlighting its role in delivering value for issuers and investors alike.
Business
Thai Airways celebrates first anniversary of resuming flights to Sri Lanka on sound note

Thai Airways celebrated the one-year anniversary of its resumed operations in Sri Lanka with a series of activities recently. This initiative, which aligns with the airline’s commitment to corporate social responsibility, was successfully held at TRACE City, Colombo 10, on April 4, 2025.
The celebrations culminated with a successful blood donation campaign which involved the community at large.
The campaign underscored Thai Airways’ dedication to the local Sri Lankan community and strengthened the historical and cultural ties between Thailand and Sri Lanka. Blood donation is considered a highly meritorious act in Buddhism, a faith deeply ingrained in both nations. This initiative reflected the shared values of compassion and generosity practised by people in Thailand and Sri Lanka alike.
Since resuming flights between Colombo and Bangkok on March 31, 2024, after a four-year Hiatus, Thai Airways has continuously aimed to enhance its presence in Sri Lanka beyond aviation services. The airline’s Royal Silk Business Class, introduced on March 2, 2025, has elevated the flying experience for passengers traveling between the two countries. With daily flights, passengers benefit from seamless connections to over 60 destinations across Asia, Australasia, the Middle East, Scandinavia, and Europe.
“It’s a great pleasure to be here today as the Sri Lankan Thai Airways team celebrates the first- year anniversary of resuming daily flights between Bangkok and Colombo. This milestone signifies the strong and enduring friendship between Thailand and Sri Lanka. We are thankful to the management of Thai Airways International for establishing this crucial air link. Our partnership has been invaluable. We are deeply honored to have with us today Ms. Prangthip Kongridhisuksakorn, the counsellor of the Royal Thai embassy.
‘Your presence underscores the importance of this occasion and the bond between our nations. Also extending our sincere gratitude to all our partner travel agents for their continued support. Adding to this exciting year, we were thrilled to open Business Class seats offering enhanced comfort and service to our passengers. And thank you once again to our Royal Thai embassy, Thai Airline personnel, travel agents and our dedicated staff for being a crucial part of our success. And thank you all for participating in this meaningful blood donation campaign. Your contribution today embodies the spirit of giving and strengthens the ties between our communities, said Andre Fernando, Managing Director, MAC Holdings Private Limited.
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