Business
Nilmini Kumari Fernando succeeds father at Neil Marine & Penthouse
Neil Marine and the Penthouse Group, Sri Lanka’s leading manufacturer and service provider for fibreglass boats and other marine services, and one of Sri Lanka’s diversified conglomerates, has announced that Ms. Nilmini Kumari Fernando has taken control, management and ownership of the Company. Ms. Fernando succeeds her father, the late Mr. Neil Fernando, Founder Chairman and Owner of Neil Marine and the Penthouse Group of companies, a company news release said.
“Ms. Fernando holds a BSc. in Business Administration from the University of San Francisco, USA, along with an LLB (QLD) Hons. from the University of London, UK and an LLM Hons. in International Business and Commercial Law from the University of West London, UK. While employed, she successfully passed the QMS Lead Auditor examination in Mumbai, conducted by Lloyd’s Registrar, UK, and oversaw the entire Group’s ISO /Quality Management System,” it added.
“She has also gained many years of business and industry experience, under the guidance and mentorship of the late Mr. Neil Fernando, making her suitably qualified and experienced to fulfil and discharge the responsibilities and duties of her new role as Chairperson of Neil Marine and the Penthouse Group.”
Commenting on the change in leadership, Ms. Fernando said, “Under the mentorship of my late father, I have gained a holistic understanding of our business operation and established rewarding relationships with our valuable customers in Sri Lanka and abroad. Through my academic pursuits, I have gained a wealth of experience and seen and understood the world at large, particularly in the sphere of international business and the laws and treaties governing it.
“Therefore, relying on the experience I have gained, and the guidance provided to me by my late father, I intend to guide the business into a new era, where we can leverage our strengths and our global relationships to grow stronger, and work with our valued customers, to win together. I take this opportunity to reassure our new and existing customers that, while Mr. Neil Fernando may no longer be with us, his spirit and vision remains stronger than ever at Neil Marine and the Penthouse Group.”
Established in 1969, as a pioneer in the fiberglass boat manufacturing industry in Asia for over 52 years, Neil Marine is one of South Asia’s Largest Fiberglass Boat Builders. To date, the Company has built and supplied over 40,000 vessels and exported more than 2,000 vessels to markets in the UK, Europe, Africa, Asia and the Middle East.
Neil Marine’s portfolio of vessels include fishing boats, commercial & work boats, passenger ferries, patrol & surveillance crafts, luxury motor yachts & cruisers and luxury motor sailors and catamarans, with lengths ranging from 6m to 35m. Neil Marine is an ISO 9001:2008 certified, Sri Lanka BOI approved company. The Company is also approved by the Lloyds Register of Shipping, Det Norske Veritas, American Bureau of Shipping and the Indian Register of Shipping, and is accredited by the IACS (international association of classification societies).
Through its various subsidiaries, collectively referred to as the Penthouse Group, the business is also a diversified conglomerate with interests in associated marine services, including being the sole distributor for both Suzuki Outboard Motors and Doosan Inboard Marine Diesel Engines in Sri Lanka, while also acting as the sole distributor for world renowned Shell lubricants in Sri Lanka. The Group is also involved in the businesses of polyurethane foam products, sewing machines, apparel industry support services and others.
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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