News
ComBank MD/CEO Sanath Manatunge honoured as ‘Diversity Champion’
Commercial Bank of Ceylon Managing Director/CEO Mr Sanath Manatunge has been recognized as one of the ‘Top 10 Diversity Champions’ in Sri Lanka in 2024 for his leadership in fostering diversity, equity, and inclusion within Sri Lanka’s banking sector, a news release from the bank said.
“This prestigious recognition is part of the Top 10 Diversity Champion Awards Program organized by Women in Management (WIM) in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under the ‘Respectful Workplaces’ initiative,” it said.
“The selection of the country’s Top 10 Diversity Champions was based on a rigorous process of evaluation by a panel of judges which included Mr Gevorg Sargsyan, Country Manager for the World Bank and IFC. “
Mr Manatunge’s unwavering commitment to an inclusive workplace has driven a profound cultural transformation at Commercial Bank, where every employee, regardless of background, ethnicity, gender, or orientation feels valued and empowered, the Bank said. His dedication to diversity and inclusion has positioned Commercial Bank as a beacon of equitable leadership, reshaping industry standards and setting a new benchmark for what it means to be a true champion of diversity, the release continued.
Notably, Commercial Bank was recently ranked No 1 among Sri Lankan banks in the inaugural Corporate Happiness Index (CHI) of LMD magazine. The Bank was the highest-ranked bank in 14 of the 16 attributes used to compile the index, including the attributes of ‘Gender balance’ and ‘Workplace diversity.’
Under the guidance of Mr Manatunge, Commercial Bank has launched a series of innovative products and initiatives that emphasise customer experience and a strong commitment to Diversity, Equity, and Inclusion (DEI). Mr Manatunge’s vision has driven the Bank to create inclusive financial solutions that cater to various customer needs and promote sustainability.
These initiatives include embracing a trilingual approach across all digital banking products; the launch of products for different customer segments including teenagers; the ‘Empower Her’ series of initiatives to support women’s financial independence and develop their financial literacy and entrepreneurial potential; the launch Sri Lanka’s first Green Home Loans scheme; and the launch of ‘Commercial Bank LEAP Global Linker’ – the platform that connects Sri Lankan SMEs to global markets, to name a few.
Commercial Bank’s efforts to promote gender balance has resulted in higher female representation in both corporate and senior management roles, which reflects the Bank’s dedication to providing equal opportunities for career advancement and fostering leadership pathways for women. Additionally, the Bank upholds equal pay standards, ensuring that there are no gender-based pay disparities and that female employees are remunerated fairly for their contributions across all roles.
Under Mr Manatunge’s leadership, Commercial Bank has also taken strategic steps to operate as a social enterprise, balancing financial success with a genuine contribution to society. This focus on marginalised communities and livelihood development ensures the Bank’s services create lasting, positive change. Through collaborations with like-minded organisations, the Bank reinforces its role in supporting community development with sustainable, impactful programmes.
Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalization in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest lender to Sri Lanka’s SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a Microfinance company in Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives. The Bank’s fully-owned subsidiary CBC Finance Ltd. also delivers a wide range of financial services via its own branch network.
News
Businessman arrested in money laundering case involving Keheliya
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) officers arrested businessman, named Mohottalalage Nihal Sisira Kumara on 28 January, 2026, for committing an offence under Section 3(1)(b) of the Prevention of Money Laundering Act, No. 05 of 2006, as amended by Act No. 40 of 2011, for aiding and abetting money laundering, and for committing an offence under Section 3(2) of the same Act by knowingly possessing Rs. 30,000,000 out of the Rs. 748,000,000 allegedly realised directly or indirectly from unlawful activity by former Minister Keheliya Rambukwella, CIABOC said.
News
Top South Korean politician expelled for proposing to ‘import’ brides from Sri Lanka and Vietnam
The ruling Democratic Party (DP) Monday (9) expelled the head of Jindo County over his recent disputed call to bring in women from Vietnam and Sri Lanka to address population decline.
News agencies quoted DP spokesperson Park Soo-hyun as having said that the DP’s Supreme Council unanimously voted to kick out Kim Hee-su, the county chief of Jindo in South Jeolla Province, for what the party called derogatory remarks.
The decision came five days after Kim proposed “importing young women from Vietnam and Sri Lanka” to marry young men in rural areas during a televised town hall meeting in South Jeolla last Wednesday, triggering public outrage.
Kim issued an apology the following day, saying his remarks were intended to highlight structural problems facing rural regions, including severe population decline and the “weakening foundations for marriage,” and to stress the need for a merger between South Jeolla Province and Gwangju.
In response, the Vietnamese Embassy in Seoul sent a letter to the province in protest of Kim’s remarks.
South Jeolla Province earlier said it extended its apology to the Vietnamese Embassy and the Vietnamese government, as well as to the Vietnamese people and women who were “deeply hurt” by Kim’s “inappropriate remarks.”
There has, however, been no reaction from Colombo to the proposal to import Lankan prospective brides.
News
CIABOC probe: CC under pressure to ask Speaker to step down as Chairman
Dayasiri questions legitimacy of appointments made by Council
The Constitutional Council (CC) should ask its head, Speaker Dr. Jagath Wickramaratne, to step down temporarily pending an investigation by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) into a complaint lodged by sacked Deputy Secretary General of Parliament Chaminda Kularatne, SJB MP Dayasiri Jayasekera has said.
Former Minister Jayasekera said so in response to The Island queries pertaining to Kularatne’s recent complaint to the CIABOC.
Jayasekera pointed out that the CC, which is responsible for key appointments, couldn’t afford to have a person under CIABOC investigation as its head. “We have never experienced a similar situation since the establishment of the CC in 2000,” the Kurunegala District lawmaker said.
Parliament introduced CC under the 17th Amendment to the Constitution. It was abolished in 2010, reinstated in 2015 through the 19th Amendment, then replaced by a Parliamentary Council in 2020, and reintroduced via the 21st Amendment in October 2022.
MP Jayasekera said that the NPP government had turned a blind eye to his recent request made in Parliament for the Speaker to step down. He said that subsequently he had discussed the issue with other MPs and they were of the view that Dr. Wickramaratne’s continuation as the Chairman of the CC undermined the integrity of the council.
A parliamentary committee headed by Dr. Wickramaratne sacked Kularatne on January 23 over alleged irregularities pertaining to his appointment as Deputy Secretary General of Parliament and Chief of Staff. Kularatne lodged the complaint with the CIABOC on 2 February.
Austin Fernando, Professor Wasantha Seneviratne and Ranjith Ariyaratne were appointed as non-Members of Parliament to the CC on 23 January, the day Parliament sacked Kularatne.
MP Jayasekera said that the CC should discuss the issue with the Speaker. Political parties represented in parliament should intervene to ensure that the controversy over the Speaker’s conduct didn’t undermine the apex body.
The CC consists of Prime Minister Dr. Harini Amarasuriya (Ex-officio), Speaker Dr. Jagath Wickramaratne (Ex-officio), Leader of the Opposition Sajith Premadasa (Ex-officio), one MP appointed by the President (Bimal Rathnayake), five persons appointed by the President, upon being nominated as follows: one MP nominated by agreement of the majority of the Members of Parliament representing the Government (Aboobucker Athambawa, M.P), one MP nominated by agreement of the majority of the MPs of the political party or independent group to which the Leader of the Opposition belongs—Ajith P. Perera—and three persons nominated by the Speaker by agreement of the Prime Minister and the Leader of the Opposition—Austin Fernando, Professor Wasantha Seneviratne and Ranjith Ariyaratne—and one MP nominated by agreement of the MPs other than those representing the Government and those belonging to the political party or independent group to which the Leader of the Opposition belongs, and appointed by the President (Sivagnanam Shritharan, M.P).
The CC recommend nominations to the President for the appointment of Chairpersons and Members of Election Commission, Public Service Commission, National Police Commission, Audit Service Commission, Human Rights Commission of Sri Lanka, Commission to Investigate Allegations of Bribery or Corruption, Finance Commission, Delimitation Commission and National Procurement Commission.
Jayasekera asked how Dr. Wickramaratne could continue as CC head as appointments to CIABOC, too, are made by the 10-member body.
The CC also approve/disapprove recommendations by the President for the appointment Chief Justice and the Judges of the Supreme Court, President and the Judges of the Court of Appeal, Members of the Judicial Service Commission, other than the Chairman, Attorney-General, Governor of the Central Bank of Sri Lanka, Auditor-General, Inspector-General of Police, Parliamentary Commissioner for Administration (Ombudsman) and Secretary General of Parliament.
MP Jayasekera said that it would be really interesting to see the response of the newly appointed civil society members to the developing situation. The SJBer pointed out that the recent appointment of Samudika Jayaratne, a Senior Deputy Auditor General as the Auditor General was made after Kularatne moved the CIABOC against the Speaker.
The JVP and NPP, having preached other political parties of transparency, couldn’t pretend the Speaker’s issue was not serious. Dr. Wickramaratne was appointed Speaker in Dec 2024 after Asoka Ranwala had to step down after being exposed for making false higher education qualifications.
by Shamindra Ferdinando
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