Business
Asian Banker recognises HNB as Best Managed Bank during COVID-19 in Sri Lanka
Bank’s MD/CEO recognised for delivering the best CEO response
Hatton National Bank (HNB) was recently recognized as the ‘Best Managed Bank During COVID19 in Sri Lanka’ by the prestigious Asian Banker Magazine, while the Bank’s Managing Director and CEO Jonathan Alles, was awarded the Leadership Achievement Award for having delivered the Best CEO response to the COVID-19 pandemic in Sri Lanka.
“I am indebted to my staff for their sacrifices and tremendous dedication in ensuring smooth continuity of business at such a critical moment when our customers needed us the most. Our strategy during this time was focused on providing essential support to those who were most severely impacted by the COVID crisis, while extending our assistance to all customers to rapidly transition into digital banking channels”.
“We are proud to say that these efforts have been very successful. As a nation, we still have a tough road ahead, but we remain optimistic that if we continue to work together, we can overcome any challenge and support a grassroots recovery in key sectors of the national economy,” Alles stated.
HNB stepped up to provide essential relief to over 85,000 customers, covering approximately 40% of the bank’s lending portfolio, through moratoriums and has thus far approved working capital financing of approx. Rs 24 billion under the Central Bank relief schemes. The Bank also setup a Rs 5 billion fund to support the SME customers who were not eligible under the CBSL schemes. This scheme was launched utilizing bank’s own funds.
Recently HNB launched a Rs 20 million fund to provide assistance by way of a grant to 200 microfinance customers. The grant will enable customers who have been affected by the on-going COVID pandemic to revive their businesses.
HNB’s strategic focus on being future ready and early adoption of digitalization enabled the Bank to support the customers within the social distancing guidelines. The customers were offered the convenience of carrying out their routine transactions such as balance enquiry, bill payments, fund transfers, opening fixed deposits etc. from any location, through the ebanking platform, which is being revamped currently. The support required continued to be provided through the 24×7 Contact Centre.
Business
Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment
By Sanath Nanayakkare
In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.
The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.
A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.
Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.
With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.
To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.
Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.
Business
Hettich celebrates a decade in Sri Lanka with partner meet in Colombo
Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.
The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.
Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.
The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.
Business
GS Evo Motors launches all-new JMEV EWIND
GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.
The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.
The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.
-
Sports3 days agoDDS set to lose Test captaincy
-
News6 days agoThailand shuts door on undesirables from Sri Lanka
-
News3 days agoSri Lanka faces new grid challenge as rooftop solar surges: former CEB GM
-
Business6 days agoCEB successor company breaks into top three in competitive BESS tender
-
Latest News3 days agoShafali, Deepti power India into sixth T20 Asia Cup final
-
Opinion5 days agoNavigating Sri Lanka’s Israeli Dilemma
-
Latest News2 days agoSri Lanka thwart Fatima Sana challenge to secure Asia Cup final spot
-
Features4 days agoLost for 90 years: Rare Goby resurfaces in Jaffna
