Business
Stakeholders’ meeting to implement Green Entrepreneurship program held
Ruwan Wijewardene, Senior Advisor to the President on Climate Change, with a vision of developing a large number of country’s youth to be the Green Entrepreneurs for Mangrove development and restoration, called a meeting of all the stakeholders early last week to further concretise the idea and develop a road map for action. He introduced the subject by emphasising that he would like to see development and environmental conservation go hand-in-hand, without being in conflict with each other.
Ravi Pratap Singh, Managing Director of iLEAD International Academy in Sri Lanka, made a detailed presentation on the concept, design of the program and a proposed way-forward. During the presentation, he highlighted the importance of involving youth at the community level, developing them as entrepreneurs and building a cadre of youth at community-level in the vicinity of mangroves to develop and restore the mangroves of the country. He expressed confidence in mobilising more than 6,500 such youth along the entire coastline of Sri Lanka on the basis of similar work done by the iLEAD program, under which they have worked with more than 12,500 youth in Sri Lanka and around 2.5 Lakh youth across South Asia.
The stakeholders who participated in the meeting, called by the Senior Advisor to the President, appreciated the idea and endorsed its potential to facilitate sustainable restoration and growth of mangroves in the country. Dr. Rupesh Kumar Bhomia, a Colombo based Senior Scientist of the Centre for International Forestry Research and World Agroforestry (CIFOR-ICRAF) said that they would be able to bring in the learnings from across the globe to ensure success of the proposed mangrove restoration and development program in Sri Lanka.
He appreciated the idea of bringing the local community at the centre of action, backed up by appropriate scientific knowledge. The Chair of the National Task Force on Mangroves, Prof. Sevwandi Jayakody applauded the concept, however cautioned to follow a scientific approach and take support of related government agencies to design customised solutions. Mrs. Padma Abeykoon, Additional Secretary-Environmental Policy & Planning gave advise to include local wisdom available at the community level to incorporate effective conservation practices relevant to a particular location.
The plan includes development of entrepreneurship around mangrove and other ecosystem services-based products. This would promote coexistence of various economic development activities and mangrove (environmental) protection, restoration and growth. The proposed initiative would have entrepreneurship in the areas of zero-emission-based water- and land-transport system in and around mangroves, use of bio-mimicry based product innovations such as ECOncrete, production and use of M-Sand (manufactured sand) to avoid sand mining from the rivers of the country, and designing shrimp farming that coexists with mangroves.
Dan De Silva, representing Chamber of Young Lankan Entrepreneurs (COYLE) informed that the Chamber has initiated an entrepreneurship development centre, which would be available to provide support to these initiatives. The members of COYLE, he said, see their role in this initiative as part of their contribution to the nation-building process.
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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