Business
People’s Leasing appoints Two Senior Deputy General Managers
People’s Leasing & Finance PLC (PLC) has recently announced the appointment of two veterans from financial backgrounds as Senior Deputy General Managers. Udesh Gunawardena was appointed as the Chief Operating Officer whilst Laksanda Gunawardena was appointed as Head of Branch Network of PLC, effective from October 31, 2022.
Udesh Gunawardena possesses over 25 years of experience in finance with particular emphasis on accounting, auditing, financial management, and treasury operations. He has held senior positions in the finance industry, demonstrating his abilities as a leader. He has played a key role at the Lankan Alliance Finance Limited Bangladesh which is a subsidiary of PLC on a secondment basis.
Udesh also serves as a Non-Executive Director of Lankan Alliance Finance Limited Bangladesh. He is an Associate Member of CA Sri Lanka and an Associate Member of Certified Management Accountants (Sri Lanka). He possesses a Diploma in Treasury, Investments and Risk Management (IBSL). He has also been awarded the World Prize Winner of the Australian Computer Society.
Laksanda Gunawardena has over 27 years of experience in corporate and SME financing. He is versatile in the areas of Credit, Marketing, Portfolio Management, Branch development, and Operations. He has functioned as the Head of Corporate Leasing for 10 years and Head of Marketing for three years with his leadership qualities. He has a track record of success in challenging leadership roles, achieving transformational change, and sustainable business growth.Laksanda serves as a of Director of People’s Micro Commerce Ltd, a fully owned subsidiary of People’s Leasing & Finance PLC.
He possesses an MBA from University of Wales and is a certified management accountant of the Institute of Certified Management Accountants, Australia and holds an MSc in Strategic Marketing from Asia e University. He is qualified for CMA (Australia) and CPM (Asia). Further, he is an Associate Member of the Institute of Credit Management Sri Lanka and holds a Diploma in Credit Management from the Sri Lanka Institute of Credit Management. Laksanda is a certified member of the Sri Lanka Institute of Marketing and a member of the Sri Lanka Institute of Directors. He is also a member of the Institute of Chartered Professional Managers of Sri Lanka.
People’s Leasing & Finance PLC is a leading Non-Bank Financial Institution in Sri Lanka and a subsidiary of People’s Bank, one of the largest State-owned banks in the country. Commencing operations in 1996 as a specialized leasing company, People’s Leasing was listed on the Colombo Stock Exchange in 2011. People’s Leasing has grown to become a diversified non-banking financial powerhouse with six subsidiaries in allied areas of specialization including a venture overseas in Bangladesh.
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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