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NDB Investment Bank wins Euromoney Award for the 13th consecutive year.

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NDBIB Team from left to right: Darshan Perera – CEO |NDB Investment Bank, Kaushini Laksumanage – COO | NDB Investment Bank and Senaka Kakiriwaragodage – CEO | NDB Capital Holdings Ltd

NDB Investment Bank (NDBIB) has once again been recognized as the “Best Investment Bank in Sri Lanka” by Euromoney Magazine at the Euromoney Awards for Excellence 2024. This milestone marks the 13th consecutive year NDBIB has been honoured with this prestigious award, reaffirming the company’s sustained excellence and undisputed leadership in Sri Lanka’s investment banking landscape. NDBIB remains the only investment bank in Sri Lanka to have secured this award despite an increasingly competitive environment.

Expressing his views, NDBIB’s Chief Executive Officer, Darshan Perera stated, “Winning the Euromoney Award for the 13th consecutive time is a remarkable achievement that underscores the exceptional dedication and excellence of the NDBIB team. Throughout the years, our unwavering commitment to delivering the highest standards of service and innovation has set us apart as the leading investment bank in Sri Lanka. This award is a testament to the hard work, resilience and strategic acumen of our team, demonstrated even in the height of macroeconomic and political volatility.”

He further stated, “Our success is built on a foundation of trust and collaboration with our esteemed clients and stakeholders, who have supported us unwaveringly. We are deeply grateful for the confidence our clients have placed in us, and we are committed to leveraging these relationships to create even greater value in both local and global capital markets.”

NDBIB remains steadfast in its pursuit of excellence, ready to navigate the evolving investment banking landscape and seize new opportunities for growth and success, particularly as a facilitator at this pivotal point in time from a Sri Lanka perspective.

NDBIB is in the forefront of structuring, placing and executing equity and debt capital market transactions (i.e. Initial Public Offerings, Private Placements, Mergers and Acquisitions, Debentures and Other Debt and Equity Products) and facilitating other Corporate Advisory assignments.

The Chief Operating Officer of NDBIB, Kaushini Laksumanage commented, “Being recognized by Euromoney for the 13th consecutive year, reflects our enduring commitment to providing top-tier financial services. This recognition highlights our adeptness at navigating our key challenges through strategic foresight and innovation. As we continue to expand our cross-border collaborations and partnerships, we remain dedicated to enhancing our regional presence on top of our recent achievements.”

In 2023, NDBIB made its debut in the African region as the exclusive financial advisor to Hela Apparel Holdings PLC, successfully arranging a debt fundraising of USD 14 Mn via Norfund (Norwegian Investment Fund for Developing Countries), for the Group’s East African operations.

Furthermore, NDBIB was also able to successfully structure and raise two out of three equity Initial Public Offerings (IPOs) that took place in the local market in 2023. The IPO of UB Finance PLC, was the first company to successfully launch an IPO following Sri Lanka’s economic crisis. Furthermore, NDBIB acted as the joint financial advisor and manager to the IPO of Cargills Bank that led to its listing in January 2024. NDBIB also successfully completed three Rights Issues and four de-listings in 2023.

The Chief Executive Officer of NDB Capital Holdings, Senaka Kakiriwaragodage stated, “NDBIB performed a stellar role, acting as the exclusive sell side advisors to Emerald Sri Lanka Fund 1 Limited, a fund managed by the sister company of the Group, in the divestiture of the fund’s stake in Consolidated Business Systems (Private) Limited (a leading coconut-based product exporter). NDBIB has been instrumental in facilitating each of the Fund’s exits to date via both the IPO and M&A routes. Over the years, NDBIB has been a vibrant and an integral member of the wider NDB Group, having provided numerous opportunities to other Group entities whilst executing transactions in complex settings.”

NDBIB was also in the forefront of product innovation in 2023, being an active stakeholder in the structuring of market pioneering Shariah-compliant capital market instruments in the CSE which NDBIB hopes to bring to the market in the near future.



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A Historic Hat-Trick: Home Lands Crowned Best Developer Sri Lanka for Third Consecutive Year, Also Wins Best Lifestyle Developer Asia

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Home Lands has once again solidified its position as Sri Lanka’s number one and most trusted real estate developer, achieving a historic milestone at the PropertyGuru Asia Property Awards 2025, held in Bangkok, Thailand on 12th December 2025. The company was crowned “Best Developer, Sri Lanka” for the third consecutive year, reaffirming its unmatched leadership in the nation’s real estate sector. Adding to the prestige, Home Lands was also honoured with the highly coveted “Best Lifestyle Developer, Asia” award, an extraordinary achievement for any Sri Lankan developer on the global stage.

The prestigious PropertyGuru Asia Property Awards, the ultimate hallmark of excellence in the Asian property sector was established in 2005 to recognise the region’s finest real estate. Over the years, the programme has become the most trusted and most sought-after awards platform in Asia. Upholding the highest levels of integrity, the Awards follow a professionally supervised, independent judging system, setting the gold standard for real estate recognition in the region.

In addition to its developer accolades, Home Lands’s landmark projects shone across multiple categories, bringing home several top honours:

  • Best Luxury Condo Development (Colombo) – Pentara Residencies, Thummulla Handiya – “The Address in Colombo”

  • Best Completed Condo Development – Santorini Resort Apartments & Residencies, Negombo

  • Best Waterfront Condo Development – Bayfonte Marina Resort Apartments & Villas, Negombo

  • Best Lifestyle Developer – Home Lands Skyline (Private) Limited

Speaking on yet another historic achievement, Mr. Nalin Herath, Chairman – Home Lands Group, stated:

“Securing the Best Developer title for the third consecutive year, along with being named the Best Lifestyle Developer in Asia, is a proud moment not just for Home Lands but for Sri Lanka. We sincerely thank our customers for their trust and support, which inspires us to continually raise the bar. These wins reflect our unwavering commitment to building with trust, innovation, and excellence, and we will continue to create exceptional living environments while elevating Sri Lanka’s presence in the international real estate arena.

With over 3,400 residential units delivered and over 2,300 units currently under construction across eight ongoing futuristic mega residential complexes, Home Lands continues to drive the evolution of modern living in Sri Lanka. Beyond developing homes, the company has consistently reshaped the lifestyles of Sri Lankans by introducing globally inspired, amenity-rich, resort-style living experiences.

Among its flagship projects, Canterbury Golf Resort Apartments & Villas stands as a testament to this vision — Sri Lanka’s Largest Residential Development, spanning over 55 acres of land, and the country’s first Victorian-style golf resort apartments and villas. Featuring a signature day & night golf course and an unparalleled collection of lifestyle amenities, this iconic development has redefined modern living standards, setting a new benchmark for integrated, resort-style residential environments in Sri Lanka.

Supported by a fully integrated group of 13 companies, including a CS2-graded construction arm certified by CIDA, Home Lands ensures world-class quality and seamless execution from design to delivery. With a growing global presence and offices in Australia and Dubai, the company continues to strengthen international investor confidence in Sri Lanka’s residential property sector.

According to the latest RIU Brand Health Survey 2025, Home Lands remains the undisputed market leader in the country’s real estate industry.

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Unlocking Sri Lanka’s hidden wealth: A $2 billion mineral opportunity awaits

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Surveys have indicated that minerals such as thorianite and uranium-bearing minerals are present in Sri Lanka

Sri Lanka stands on the brink of an economic transformation, powered not by traditional exports, but by the vast, untapped mineral wealth lying beneath its soil and off its shores. According to a comprehensive new business report launched by the Pathfinder Foundation in collaboration with the Australian Trade and Investment Commission, on 17th December in Colombo, the island’s mineral sector holds a staggering unrealised export potential of up to USD 2 billion.

Currently, Sri Lanka exports most of its high-purity minerals including world-renowned vein graphite, rare earth elements (REEs), and mineral sands in raw or semi-processed form, capturing only a fraction of their true value. The report reveals that while current exports to top destinations total about USD 389 million, the achievable potential is estimated at USD 778 million, with the full downstream value-add opportunity reaching several times that figure.

“Sri Lanka has great potential for exports,” stated Australian High Commissioner Matthew Duckworth at the report’s launch. “It is not only about mining but also about refining – moving up the value chain to get significantly higher export earnings.”

The nation is endowed with critical resources essential for global clean energy and high-tech supply chains. This includes an estimated 5 million tonnes of graphite (with purity up to 99.9%), over 600 million tonnes of mineral sands containing REEs like neodymium, and the massive Eppawala phosphate deposit, which alone holds 60 million tonnes of phosphate-bearing material. Experts believe even these numbers may be conservative due to a lack of island-wide surveys, pointing to major exploration opportunities.

However, realising this potential requires urgent action. The report identifies systemic barriers: a fragmented regulatory framework involving over 18 agencies, slow licensing, infrastructure gaps, and outdated mining methods. These challenges have discouraged investment and prevented value addition.

The path forward is clear. The government is already moving to modernise the approval process via a unified digital platform and is crafting a national critical minerals strategy. The report emphasises that success hinges on attracting foreign expertise and investment, particularly in downstream processing – turning graphite into battery-grade material, refining rare earths, and processing mineral sands domestically.

Australia, with its global leadership in sustainable mining and technology, is positioned as a key partner. Australian METS (Mining Equipment, Technology, and Services) companies can bring advanced technology, ESG-compliant practices, and training, potentially reducing operational costs by 30-40% while improving recovery rates.

“For Sri Lanka, the stakes are high. Developing a modern, sustainable mineral sector can diversify the economy, create high-value jobs, build resilience, and integrate the nation into strategic global supply chains,” the Australian High Commissioner noted. The message from the report is one of urgent optimism: the resources are here, the international partners are ready, and the roadmap is laid out. Now is the time for policymakers, investors, and stakeholders to come together to unlock this buried treasure for the benefit of all Sri Lankans.

By Sanath Nanayakkare

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Environmental damage now a direct threat to telecom operations, SLT chief warns at 2026 calendar launch

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Dignitaries at the launch of the SLT calendar

Environmental destruction is no longer an abstract environmental concern but a direct business risk, Sri Lanka Telecom/Mobitel Chairman Dr. Mothilal de Silva warned, as the national telecom giant launched its 2026 corporate calendar linking climate change, marine degradation and network stability.

Unveiling the calendar, Dr. de Silva said the initiative was not a ceremonial exercise but a corporate statement on responsibility and survival. “Today we are not just unveiling a calendar; we are sharing a story — a story of beauty, resilience and profound responsibility,” he said, stressing that environmental protection had become business-integral for SLT.

The 2026 SLT-Mobitel desk and digital calendar takes viewers beneath Sri Lanka’s seas, focusing on the intricate forms of marine shells and clams. Created by renowned artists Pulasthi Ediriweera and Nalin Jayarathna, the artworks portray seashells as both natural marvels of design and lasting symbols of fragile marine life.

“Each shell is a protective home — a permanent memorabilia left by gentle creatures,” Dr. de Silva said. “In their form and pattern, they send us a silent message about their presence and their urgent need for protection.”

Drawing a direct link between ecological degradation and recent climate-related disasters, Dr. de Silva rejected attempts to mask environmental realities. “You cannot cover this up with fake news. The destruction of forests, hill-country ecosystems, tea estates and irresponsible land use has created these calamities,” he said, referring to recent cyclonic events and flooding.

He warned that climate change and rising sea levels were already affecting SLT’s core infrastructure. Sri Lanka’s international connectivity depends on five subsea communication cables landing in Colombo and Matara. “Unusual sea-level rise and abnormal tides have already caused network outages. When the sea is disturbed, it directly affects the quality and reliability of our network,” he said.

Dr. de Silva said SLT and its international consortium partners follow strict environmental safeguards when laying, maintaining and even disposing of subsea cables. These include detailed environmental surveys, route planning to avoid sensitive marine ecosystems and specialised installation techniques. Cable repair operations based in Galle, he added, also adhere to stringent environmental standards.

“Our work is fundamentally about connection — connecting people, businesses and nations. But this connection must be built with care for the environment that hosts it,” he said, noting that sustainability was not merely a corporate social responsibility obligation but essential to business continuity.

Marine naturalist Dr. Malik Fernando, addressing the launch, highlighted Sri Lanka’s rich but inadequately studied seashell diversity. He said several marine and freshwater mollusc species were protected under existing laws, yet continued to appear in markets due to weak enforcement.

Some shells, including cone shells, are highly venomous and capable of causing human fatalities, Dr. Fernando noted, underscoring the risks posed by unregulated collection. While many mollusc species are widely dispersed due to larval movement, he said certain rare species recorded from limited locations could be near-endemic and vulnerable to extinction.

Dr. Fernando also pointed to the broader challenge of biodiversity research, noting that many species remain unidentified due to the lack of systematic field studies, despite improved access to global scientific resources through digital platforms.

In concluding remarks, Dr. de Silva called on the media to play a responsible role in conveying environmental truths to the public and suggested that the calendar be shared internationally, including at future UN climate conferences. “A digitally empowered Sri Lanka must go hand in hand with preserving its natural wonders,” he said. “This calendar is a reminder that protecting the environment is not optional — it is essential for our future.”

By Ifham Nizam

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