Business
‘South Asia’s highest sky bridge’
Capitol TwinPeaks, the LKR 25 billion flagship mixed-development project by the Sanken group’s Capitol Developers and Sanken Construction, located on the Beira lakefront in Colombo 2, recently began the installation of their 50th level sky bridge.
Following the announcement in early 2019 for plans to set the record for South Asia’s highest sky-bridge, the project which is set for completion and handover by end June 2021 began the installation of the sky bridge on October 29 2020, despite the second COVID-19 lockdown which continued to affect many of Sri Lanka’s industries.
Commenting Managing Director, Capitol Developers – Rohana Wannigama noted “With Capitol TwinPeaks being a notable landmark amidst landmarks, the sky bridge has been a much anticipated design and construction feature of the project. The sky bridge is yet another iconic moment in Sri Lanka’s history as it will be the highest in South Asia – yet again affirming Capitol TwinPeaks and Colombo as the ultimate location for those seeking a cosmopolitan lifestyle. This milestone signifies a historic moment in the field of architecture and engineering for our nation as the sky bridge is an open glass viewing point.”
Constructed at 174.2 metres (572 feet) above ground level, the remarkable aerial feat of engineering is part of the residential project, to link the 50-storey free-standing twin towers by a 30 foot (4.2 metre) long sky bridge.
Concluding, Mr Wannigama noted “As we continue at full speed towards completion of the entire project by end June 2021, this significant milestone – even amidst a slow down in many industries and nations, worldwide – is yet another signifier of Sanken’s drive and capability to deliver on time, in full. This sky bridge not only connects both towers at the top, allowing residents access to the exclusive facilities on the 50th floor, but is also featured as one of the project’s greatest engineering challenges”.
Under Sanken Construction, indepth research and testing was conducted to ensure safety of the sky bridge during high wind speeds and even earthquakes. Options such as elastomeric bearings, slide bearings and friction pendulum seismic isolation bearings for the sky bridge connectors were considered and tested, wherein customised guided slide bearings were selected as the most suitable bearing type for the connection between the skybridge and the towers. The design accommodates safe movement for both those on the bridge as well as those within the building during any turbulence.
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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