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Tiesh launches the Pavé Diamond Collection

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Sri Lanka’s leading jeweler ‘Tiesh’ celebrates the forthcoming festive season with the launch of its new collection – the Pavé Diamond Collection

Pavé is the method of setting smaller diamonds into a precious metal. Held in place with beads or metal prongs, they give the appearance of a line of continuous small diamonds. The beads or metal prongs that hold the diamonds in place are barely visible. Looking at a ring with a pavé setting, one will see several tiny diamonds set closely together, resulting in a line of continuous sparkle.

Director of Tiesh Ayesh de Fonseka said, “The Tiesh Pavé Diamond Collection gets its name from the French word pavé (pronounced pa-vay) a method of diamond or gem setting, French in origin for paved, as in paving the ring, pendant earring etc, with tiny diamonds (much like a street paved with cobblestones). This is because it features many tiny diamonds or other gemstones set close to each other, predominantly in Rose Gold, Yellow Gold and White Gold. The collection is joyous and exuberant. It features youthful looking jewellery and is aimed at the younger community”.

“The Tiesh Pavé Diamond Collection is a youthful spin on classic designs and features pendants, necklaces, earrings, lapel pins, rings, bracelets and even anklets. The jewellery is versatile and can be worn from morning till night, in fact the whole day through. The pieces are also very practical and simple too. For example one can also choose from layered chains which can be worn two/three at the same time”, he added

Managing Director Lasantha De Fonseka and Bryony

The entry point for the Pavé Diamond Collection is relatively affordable compared to other collections. Tiesh uses best quality diamonds from around the world and sources from the best diamond cutters and best diamond merchants.

Director of Tiesh Thiyasha de Fonseka added that Tiesh diligently used the lockdowns to upgrade its methods, processes and designs to meet the challenges of the constantly evolving demands of a very discerning clientele.

“Accurate testing of gold is critical in the jewellery business. We have acquired one of the most intricate gold testing machines in Sri Lanka and make sure that every piece is upto international standards”, she added

In view of the festive season Tiesh has a lot of credit card and bank offers which makes purchases ideal for personal use and also as Christmas and New Year gifts. Its social media pages feature all the offers and collections.

In addition to the Pavé Diamond Collection, the expanded collections also feature the best diamonds, sapphires and 22 carat gold jewellery at Tiesh’s state-of-the-art showroom at 253 RA de Mel Mw, Col 03 with its ambiance of an international feel, making you almost feel like you’re overseas while still being in Colombo, Sri Lanka.



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Stealer malware leaked over 2 million bank cards

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The number of infections with data-stealing malware, 2020-2024 (Source: Kaspersky Digital Footprint Intelligence)

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.

Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.

Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.

On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.

“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.

In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.

The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.

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UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

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(From left to right) Deepthi Hewageegana (CEO - UTE), Mani Rajan (Director Distribution - India), Joe Moscato (Vice President - Distribution - Japan & Asia South (India & SE Asia) Caterpillar Inc), Raja Nanayakkara (Chairman / MD - NEM Construction), Prasan Fernando (Chairman - UTE), Priath Fernando - (Director - UTE), Duminda Perera (Senior General Manager - Operations)

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.

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ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

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Commercial Bank Chief Operating Officer S. Prabagar and members of the senior management accepting one of the ACCA awards.

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).

The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.

The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.

Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.

The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.

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