Business
“People, Planet, Paradise” powered by Nations Trust Bank, ‘a success’
COYLE in collaboration with Nations Trust Bank PLC, marked a significant milestone on the 20th of November 2023 with the successful conclusion of its Leadership Forum themed, “People, Planet, Paradise”. The event, hosted at Taj Samudra, aimed to inspire and empower the thriving young professionals of Sri Lanka to embrace entrepreneurship by recognizing their pivotal role in the nation’s economic revitalization.
A key theme that emerged from the wisdom, knowledge and experience shared by the distinguished panel of speakers was that entrepreneurship is not a solitary journey but a collaborative endeavour that requires a likeminded support system, which one must learn to cultivate along the journey.
The forum was addressed by COLYE member panellists covering key sectors including the Leisure, Healthcare, and Waste Management, while the global finance climate was discussed by the keynote speaker Deepak Bagla – CEO Invest India who provided young professionals gathered with invaluable insights into the world of macro-economic current affairs. The distinguished lineup of speakers from COYLE included; Chamara Abeyratna, founder and visionary behind 98 Acres Resort & Spa; Raveen Wickramasinghe, CEO of Ruhunu Hospital Pvt Ltd, a prominent figure in healthcare and luxury medical tourism; and Chinthaka Abeysekara, founder of Encare Clinical waste management.
During his keynote address, Deepak Bagla delivered a compelling presentation underscoring the crucial importance of partnerships and relationships in business. He said, “Corporate is always a landscape; it cannot be a portrait. You need people, friends, and family to grow.” Reflecting on Sri Lanka’s historical significance, he affirmed the Island’s enduring global standing.
Optimistic about the future, Bagla highlighted that the country is at an inflexion point, ready for take-off, and drew parallels with India’s remarkable economic growth. With India’s GDP surpassing the $4 trillion mark, he envisions a collaborative and prosperous future. This optimistic vision aligns with the positive trajectory of India’s economy, set to cross $4 trillion by 2024-25. Deepak’s insights resonated with the audience, highlighting the transformative power of collaboration and shared prosperity.
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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