Business
Dialog pumps another $100M into Sri Lanka’s digital growth
Total investments now exceed $3.37B, maintaining lead as top foreign investor
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider and a member of the Dialog Axiata Group – the country’s largest Foreign Direct Investor (FDI) operating under the guidance of the Board of Investment of Sri Lanka (BOI) – announced a USD 100 million investment to further strengthen Sri Lanka’s digital infrastructure. With cumulative investments now exceeding USD 3.37 billion, Dialog reaffirms its commitment to inclusive connectivity, superior service delivery, and advancing the nation’s digital future.
The investment comprises USD 81 million by Dialog Axiata PLC (DAP) and USD 19 million by Dialog Broadband Networks (Private) Limited (DBN), formalised through two Supplementary Agreements with the BOI. These funds will be channelled into enhancing Dialog’s mobile and fixed telecommunications networks, accelerating the adoption of next-generation technologies, and expanding digital platforms that underpin the country’s connectivity and service ecosystem.
The Supplementary Agreement for DAP was signed by David Lau, Chairman, Dialog Axiata PLC, and Supun Weerasinghe, Director/Group Chief Executive, Dialog Axiata PLC, while the Agreement for DBN was signed by Supun Weerasinghe and Viranthi Attygalle, Group Company Secretary, Dialog Axiata PLC. Arjuna Herath, Chairman of the Board of Investment of Sri Lanka, signed both agreements on behalf of the BOI. Also present at the signing were Renuka Weerakone, Director General, Board of Investment of Sri Lanka, and Vivek Sood, Group Chief Executive Officer and Managing Director, Axiata Group Berhad.
“This investment is a reaffirmation of Axiata’s deep-rooted confidence in Sri Lanka’s future,” said Mr. Vivek Sood, Group Chief Executive Officer and Managing Director, Axiata Group Berhad. “We are proud to continue enabling our operating companies to deliver world-class connectivity and look forward to allocation of commercial 5G spectrum to accelerate Sri Lanka’s digital economy.”
“Dialog’s long-standing presence in Sri Lanka reflects our unwavering commitment to building infrastructure that not only supports economic growth but also enhances the lives of millions,” said David Lau, Chairman, Dialog Axiata PLC. “This investment will ensure Dialog continues to play a leading role in shaping the country’s digital future.”
“We will continue investing in Sri Lanka’s digital journey, empowering individuals, enterprises, and communities through next-generation connectivity,” said Supun Weerasinghe, Director/Group Chief Executive, Dialog Axiata PLC. “This latest commitment strengthens our resolve to deliver inclusive, future-ready infrastructure that supports national progress and positions Sri Lanka for a connected tomorrow.”
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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