Business
NDB Investment Bank wins Euromoney Award for the 13th consecutive year.
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.
Business
HNB Assurance Elevates ‘Liya Harasara’ 2026 with Unmatched Benefits to Honor the Spirit of Womanhood
HNB Assurance PLC launched the 2026 edition of Liya Harasara, its flagship annual initiative dedicated to celebrating and empowering women in line with International Women’s Day. Recognized as one of the most anticipated campaigns of the year, Liya Harasara continues to evolve, delivering meaningful protection and exclusive privileges designed to support women in every stage of life.
This year’s edition introduces the most rewarding benefits in the history of the initiative. Women who sign up for eligible Regular Premium Life Insurance policies will receive a Free Life Cover of up to Rs. 2 Million for one year, along with a Free Critical Illness Benefit of up to Rs. 500,000, providing enhanced financial security and reassurance when it matters most. Additionally, female policyholders are also entitled to pregnancy related hospitalization cash benefit for Life Insurance Policies with in-force Hospitalization Benefit, for a maximum of three days per annum.
Commenting on the significance of this year’s campaign, Lasitha Wimalarathne, Executive Director / CEO of HNB Assurance, stated: “As we mark our 25th year as a trusted life insurer, we wanted Liya Harasara 2026 to reflect the strength of the journey that brought us here. For 25 years, women have been at the heart of our story, as leaders, advisors, customers and changemakers. This special edition is our way of honoring that partnership and reaffirming our commitment to protecting their aspirations for the future. When women progress, families prosper and communities thrive and we are proud to stand by them with meaningful protection and lasting assurance.”
Sharing his thoughts, Dinesh Yogaratnam, Chief Marketing and Customer Experience Officer of HNB Assurance, added, “Liya Harasara has grown into more than just an annual campaign, it is a tribute to the Spirit of Womanhood, to resilience, ambition and strength. The 2026 edition has been thoughtfully enhanced to deliver greater value and deeper impact, ensuring women receive protection that truly supports their ambitions and wellbeing. We remain committed to creating solutions that empower confidence and provide peace of mind, enabling women to focus on achieving their goals without compromise.”
Business
Seven decades of sartorial excellence: The legacy of Linton Master Tailors in Kandy
In the 1950s, Linton Wimalasena Udagagedara served as the tailoring instructor at the rehabilitation unit of the Bogambara Prison. Known affectionately by all as “Linton Master,” he laid the foundation for a legacy that would eventually redefine men’s fashion in the hill capital.
In 1958, Linton Master ventured into private business by renting a small shop in Trincomalee Street, Kandy, under the name “Linton Master Tailors.”
Supported by a handful of employees and the unwavering strength of his wife, Srima Alwala, the business began its humble journey. In those early days, Linton Master would travel from Kandy to Pettah, Colombo, walking miles to handpick high-quality fabrics at affordable prices. Though the initial years were a struggle, he never compromised on quality.
Due to his commitment to superior craftsmanship and impeccable finishing, “Linton Master’s Shop” in Trincomalee Street soon became a household name across the Kandy region. By the 1970s, the thriving business moved to Yatinuwara Veediya. As the enterprise grew, Linton Master eventually purchased the rented building and the adjacent premises. In the 1990s, the brand reached its zenith, becoming a hallmark of excellence.
Following the passing of Linton Master in 2009, the business transitioned into a new era. Today, it stands proud at the same familiar location in Yatinuwara Veediya, rebranded as “Linton & Sons Master Tailors.” His legacy is carried forward by his children; while one son manages a printing press and a daughter runs a bridal wear brand under the Linton name, his son Nidarshana Udagagedara has significantly expanded the core tailoring business.
Today, Kandy is home to three main institutions bearing the prestigious Linton brand. Linton & Sons Master Tailors, now employing around 20 skilled professionals, is a nationally recognized name. Known for their international standards, it is said that anyone who gets a full suit tailored at Linton & Sons invariably returns for their second.
The business that once started with fabric handpicked from Pettah now utilizes world-renowned international brands. Linton & Sons is currently the only tailor shop in Kandy that creates garments using prestigious fabrics such as Raymonds, Pacific Gold, Medici, and Macone.
Current Chairman Nidarshana Udagagedara notes that they serve a loyal customer base, with complete groom’s suit packages ranging from Rs. 30,000 to Rs. 90,000. With a highly experienced team, they now offer an exclusive one-day service, allowing customers to have bespoke designs created to their exact specifications in record time.
Spanning seven decades, the Linton lineage, which has brought fame to Kandy, has now successfully expanded from the second generation to the third, ensuring that the master’s stitch continues to define elegance for years to come.
By S.K. Samaranayake
Business
LANKATILES Captivates Architect 2026 with a Spectacular Celebration of Fine Living
At the prestigious Architect 2026 Exhibition, LANKATILES unveiled an immersive Concept Studio of contemporary design, where every surface spoke in allusive ways of exquisite craftsmanship and architectural vision.
Among a host of outstanding participants, the Concept Studio was recognized with two of the exhibition’s highest accolades: Overall Best Stall and Best Trade Stall Displaying Local Products. This is a resounding testament to five decades of trust, quality, and innovation.
The Concept Studio was thoughtfully zoned to evoke the ambiance of curated interiors and sophisticated entryways, unveiling the latest designs introduced to the market. Visitors were guided through a seamless spatial journey, beginning with the Living Zone, where expansive surfaces harmonized durability with refined design to elevate everyday living. The Kitchen Ambience Zone presented a contemporary culinary environment enriched with elegant finishes, demonstrating how functionality and elevated aesthetics coexist in modern homes.
The experience continued into the Bedroom Zone, an intimate and serene setting curated with soothing palettes and luxurious surfaces to create a tranquil retreat defined by comfort and understated elegance. Complementing this was the Bathware Zone — a sanctuary of calm showcasing precision-crafted porcelain surfaces that seamlessly blended purity of form with superior performance, redefining modern bathroom sophistication.
Extending beyond interiors, the Poolside Zone highlighted elegant outdoor settings framed by resilient, high-performance tiles, where aesthetic excellence met enduring strength in expressive interpretations of contemporary luxury. Featuring the latest Mosaic designs alongside the grand large-format tile series, Majestica, each zone illustrated how LANKATILES transforms raw materials into architectural poetry, reinforcing its leadership in innovation and design excellence.
Another defining feature of the Concept Studio was the AI-powered Tile Visualizer; an advanced digital interface designed to offer architects and homeowners an intelligent and immersive visualization experience that redefines the way interiors are selected and conceptualized. Within minutes, users can upload an image of their dream space and instantly explore precisely matched tile designs and colour palettes tailored to their aesthetic preferences.
-
Features6 days agoBrilliant Navy officer no more
-
News2 days agoUniversity of Wolverhampton confirms Ranil was officially invited
-
Opinion6 days agoSri Lanka – world’s worst facilities for cricket fans
-
News3 days agoLegal experts decry move to demolish STC dining hall
-
Features6 days agoA life in colour and song: Rajika Gamage’s new bird guide captures Sri Lanka’s avian soul
-
News2 days agoFemale lawyer given 12 years RI for preparing forged deeds for Borella land
-
Business4 days agoCabinet nod for the removal of Cess tax imposed on imported good
-
News1 day agoWife raises alarm over Sallay’s detention under PTA
