Business
DFCC signs MOU with Havelock City, enabling ease of transactions to purchase luxury apartments

From left to right: Ann Silva (Legal Officer, DFCC), Dulshini Jayathilake (Assistant Relationship Manager, DFCC), Pravir Samarasinghe (Group CEO/Director, Overseas Realty (Ceylon) PLC), Gillian Edwards (Senior Vice President Consumer Banking, DFCC), Samathri Kariyawasam (Vice President General Legal, DFCC), Ralph De Lanarolle (Director, Overseas Realty (Ceylon) PLC), and Shiromi Balasuriya (Head of Legal/Company Secretary, Overseas Realty (Ceylon) PLC).
In an effort to provide potential homeowners with specialised DFCC Home loan services, DFCC Bank recently signed an MOU with Havelock City. As a result of this, DFCC has proposed a special home loan product specifically designed for customers who wish to purchase Havelock City apartments. Structured loan schemes, grace periods and early settlement fee waivers are all vital features of this home loan product from DFCC.
Havelock City is the largest mixed-use development built of 18 acres of prime land in the heart of Colombo with both residential and commercial components. The residential apartments were built in Phases and the fourth and final phase is currently nearing completion and will be ready for occupation by February 2021 with luxury units available for purchase. In addition to phase 4, phase 3 too has a limited number of move-in ready units with COC approval for discerning home buyers.
The Clubhouse at Havelock City offers its residents a range of facilities and amenities from squash courts, gymnasiums, swimming pools, banquette halls, salon, launderette, mini-cinema, mini-market, and a café. The exclusive 7-acre garden with lush foliage provides a unique space within the city to experience a healthy outdoor lifestyle including walking paths, jogging tracks, open air exercise corners and a mini-golf putting green. The development is a brainchild of S P Tao, chairman of Overseas Realty (Ceylon) PLC a BOI approved flagship company who is also the owner, manager, and the developer of the iconic World Trade Center Colombo.
DFCC Bank extends a very special Home Loan to any individual securing an apartment at Havelock City. A Fixed income earner, professional or a self-employed individual with an income sufficient to meet the monthly loan commitment is eligible to apply for a DFCC Home Loan. Applicants could opt for a pre-approved Home Loan for which credit approval will be provided within 3 working days. A team of professionals are available at every DFCC Branch to offer extended support throughout the transaction.
The DFCC Home Loan offered to customers of Havelock city apartments include very special features such as a Grace period, waivers of early settlement fees and structured facilities.
DFCC Bank has a strong branch network which is strategically located throughout the country to cater to the needs of customers. They also have a fleet-on-street comprising of over 140 Banking Executives dedicated to serve the customer at their doorstep. As customers face the challenge of finding time to visit the bank, DFCC is fully geared to serve their customers at a time and place of their convenience. Furthermore, they are geared to serve their customers through the available digital channels where applying for a loan is just a click away.
Business
Stealer malware leaked over 2 million bank cards

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

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