Business
The people should be allowed to express their opinion at the earliest opportunity – CBEOU
The people should be allowed to express their opinion with regard to the political future of the country at the earliest possible opportunity, the Central Bank Executive Officers Union (CBEOU) said in a press release.
The release:’ The primary demand of the people’s movement held on July 9, 2022 was to compel the then President Gotabhaya Rajapaksa and the Prime Minister Ranil Wickremesinghe to step down. Prime Minister Ranil Wickremesinghe has been appointed to fill the vacant position due to the resignation of the President who left the country in the face of intense public pressure and the Parliament is expected to elect a new President on July 20, 2022.
‘We are of the opinion that there is no need for a detailed explanation about the current economic crisis faced by the country thus we believe that the House of Representatives also understand the gravity of the catastrophe. The most practical solution at the moment to get out of the crisis is to get involved in a program with the International Monetary Fund (IMF) as soon as possible, which even the outgoing regime had recognized though was too late.
‘Even though it has been more than two months since a new Cabinet was appointed after the political upheaval that happened on May 9, 2022, the continued delay in the implementation of the necessary reforms in the fiscal sector is not at all beneficial to the aforementioned program. On the other hand, the “Central Bank Act” drafted in 2019 for a more independent Central Bank which will support the stability of the country is yet to be passed in the Parliament and the IMF too has insisted that the Central Bank should be made more independent.
‘Political stability is essential to achieve economic stability, and there should be a guiding economic and political program that can be agreed upon by all political parties in the existing Parliament. For that, it is necessary to appoint a President and a Prime Minister who would have public recognition. Therefore, we insist that all political parties representing the Parliament actively engage to find a viable solution to the existing problem deprioritizing party politics and personal agendas.
‘We are of the view that the opinion of the general public is not reflected through the existing Parliament majority, as a result of the wrong and ill-timed decisions taken by the ruling party especially during the past two and half years. In this background, it is doubtful that an Executive President who will be elected by the current Parliament will have the social acceptance to stay in power for a longer period of time. In such a situation, it would be prudent to give an opportunity for the people to express their opinion at the very first instance when the basic level of stability of the country is fulfilled, and we hope that the incoming President and Prime Minister will attend to this matter with due consideration.’
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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