Business
FriMi and Mastercard continue to elevate lifestyles with digital payment solutions
FriMi, the first fully-fledged digital bank in Sri Lanka powered by Nations Trust Bank PLC, continues its strong partnership with Mastercard Sri Lanka to make digital payments effortless by bringing the best lifestyle solutions to loyal customers.
As part of the #MasterYourWorld campaign focused on improving digital payments across Sri Lanka, Mastercard has partnered up with Glomark.lk to provide a 10% discount on purchases made above Rs. 5,000 and with Daraz.lk to provide 5% off on the first transaction as a new Daraz user. In addition to being able to access their money effortlessly, FriMians also can now use their FriMi virtual or physical Mastercard Debit Card at the above online merchants to enjoy these exclusive deals.
Commenting on the continuous partnership, Sandun Hapugoda, Country Manager for Sri Lanka and Maldives at Mastercard stated, “Sri Lanka has witnessed a rapid uptake in digital payments in recent years, and Mastercard has played a significant role in accelerating the adoption of digital payments over the years. With the #MasterYourWorld campaign, we wish to further encourage the usage of digital payments across the country and support Central Bank, Sri Lanka’s campaign for driving awareness around digital payments.
He further added, “Nations Trust Bank and FriMi have been at the forefront of enabling digital payment solutions in Sri Lanka and we’re delighted to strengthen our partnership with FriMi, to serve their unique clientele better. As the first fully-fledged digital banking experience in Sri Lanka, FriMi vibes in harmony with our ethos, and we believe that #MasterYourWorld campaign will reach even higher numbers with both Mastercard and FriMi coming together to promote it and making a significant impact towards the vision of a digital nation.”
“FriMi remains the benchmark digital payment solution, continuously upgraded with state-of-the-art technology and robust industry partnerships, bringing customers the best lifestyle offers in the industry. At Nations Trust Bank, we understand that the average new age customer spends large amounts of time online and has impressive online experiences. So, when they look at their digital banking experience, they are not just comparing one local bank with another, they are comparing us to those global giants. That is the standard they hold us to, so that is the level we improve both our technology and services to. The partnership with Mastercard enables us to extend the FriMi service, and to give our customers exclusive benefits. Mastercard has always been supportive of us to give the best lifestyle solutions to FriMi users and this campaign will further strengthen the digital solutions our customers receive,” said Randil Boteju, Senior Vice President – Sales & Digital Banking of Nations Trust Bank.
During the past festive season, #TheCardWithPerks had lined up a series of lifestyle offers and added to the excitement by selecting winners every day during the mega giveaway campaign and awarding them with a brand-new Amazon Echo Dot Smart Speaker.
FriMi provides a fully enabled virtual debit card for all FriMi users whilst they can also request for a physical vertical personalized debit card to use at physical locations. The FriMi Mastercard debit card offers users with exclusive perks all-year-round. To find out more about the variety of exclusive lifestyle choices at multiple merchants on offer for FriMi Mastercard Debit Card customers, please visit https://www.frimi.lk/offers
FriMi the fully-fledged digital banking experience powered by Nations Trust Bank consists of ground-breaking products and services that are designed and developed to delight customers thus providing novel experiences. It was ranked amongst the Top 30 Best Digital Financial Services Providers in the Asia Pacific, Middle East, and Africa as one of the Best Digital Banks & Financial Institutions by The Asian Banker. Named one of the Top 10 E-Commerce brands of Sri Lanka, FriMi was showcased in the LMD Brands Annual Report 2020 as compiled by Brand Finance Lanka. It is available on Android, iOS and Harmony OS and anyone in Sri Lanka above the age of 18 years can get on board FriMi by downloading the app. FriMi is powered by Nations Trust Bank PLC which is among the top 15 business establishments in Sri Lanka as ranked by Business Today and is strongly focused on digital empowerment through cutting-edge digital banking technologies.
Business
Rs 160 million + diesel discrepancy at Lakvijaya power plant prompts probe
By Ifham Nizam
A Rs.160 million-plus diesel discrepancy at the Lakvijaya power plant in Norochcholai has triggered an internal investigation, raising questions over the handling of public funds and the controls governing fuel purchased for electricity generation.
The discrepancy surfaced during an internal audit of diesel supplied to the plant from the Kolonnawa and Sapugaskanda fuel terminals, according to senior officials familiar with the inquiry.
The audit has identified five transactions—two in December 2025 and three in January 2026—in which diesel recorded as delivered to the plant allegedly could not be fully accounted for in its physical stocks.
The investigation is now examining whether these were isolated discrepancies or part of a longer-running practice.
One transaction under scrutiny relates to January 16, when records reportedly showed that 10 diesel bowsers had arrived at the plant. Investigators subsequently found indications that the fuel stock corresponded to only nine bowsers.
A storekeeper responsible for the relevant fuel operation has reportedly been temporarily removed from those duties pending the investigation.
A senior official said investigators were reviewing historical records amid indications that similar discrepancies may have occurred over a longer period. If established, the financial exposure could therefore exceed the Rs.160 million currently identified.
The investigation is comparing fuel-terminal dispatch records, tanker movements, plant-entry records, receiving documents and physical stocks to establish exactly how much fuel was dispatched, received and accounted for.
That audit trail will also be critical in determining who authorised, received and certified the disputed consignments, and whether established controls were followed.
Relevant documents were reportedly transferred from Norochcholai to the company’s Colombo head office on September 26 for further examination, with electricity-sector security personnel assisting in the transfer.
The internal audit has also reportedly uncovered expired chemical stocks worth several hundred thousand rupees in the plant’s stores. Investigators are examining whether further inventory-management irregularities occurred.
The matter was also reportedly taken to the Puttalam Police Special Crimes Investigation Unit on September 26.
When contacted by Puttalam-based journalist Hiran Priyankara Jayasinghe for The Island Financial Review, Lakvijaya Power Plant Manager Nalaka Kumara confirmed that an investigation was under way but declined to provide further details.
The financial issue is direct: if the plant paid for diesel it did not receive, public-sector funds were spent without the electricity sector receiving the corresponding fuel.
Business
Sri Lanka Food Processors Association holds 29th Annual General Meeting
The Sri Lanka Food Processors Association (SLFPA) successfully convened its 29th Annual General Meeting (AGM) on September 23, 2026, at the Water’s Edge Hotel, Battaramulla. Bringing together key industry stakeholders and member organizations, the event served as a platform to review milestone achievements from the 2025/2026 term and outline strategic priorities for the nation’s food and beverage processing sector.
At the AGM, the new Executive Committee for 2027/2028 was appointed, comprising: Honorary President Aruna Senanayake C.W. Mackie PLC Imme. Past President Thusith Wijesinghe Trans Continental Packaging & Commodities (Pvt) Ltd.
President Elect Nadishan Guruge Meadlee Trading Co. (Pvt) Ltd.
1st Vice President Damitha Perera Forbes & Walkers Commodity Brockers (Pvt) Ltd.
2nd Vice President Rasika Seneviratne Diesel & Motor Engineering PLC 3rd Vice President Deepal De Alwis Neochem International (Pvt) Ltd.
Honorary Secretary Amila Weerasinghe Nestle Lanka Limited.
Asst. SecretaryDineth Alahakoon Country Style Foods (Pvt) Ltd.
Honorary Treasurer Sameera Jayathilaka Westmann Engineering Company (Pvt) Ltd.
Asst. Treasurer Niroshan Dalpethado C D De Fonseka & Sons (Pvt) Limited. In addition to the above office bearers, the following ten Executive Committee Members were appointed:
Sanjeewa De Silva Unilever Sri Lanka Limited Sheran De Alwis MA’S Tropical Food Processing (Pvt) Limited
Thusitha Ekanayake Anods Cocoa (Pvt) Ltd.
Vijitha Govinna Plenty Foods (Pvt) Limited Ms. Praharshi Wickramasekara International Commodity Exports (Pvt) Ltd.
Sanjeewa Niroshan SGS Lanka (Pvt) Ltd. Kushan Amarasinghe Finagle Lanka (Pvt) Ltd.
Rangajeewa Hettiarrachchi Fonterra Brands Lanka (Pvt) Ltd.
Harindra Abeyrathna Vision Technologies International (Pvt) Ltd. Thilina Weerasekara Ceylon Cold Stores PLC
The event was proudly supported by key industry partners, with SGS Lanka (Pvt) Ltd serving as the Platinum Sponsor. Unilever Sri Lanka Ltd. and Nestlé Lanka Ltd. joined as Gold Sponsors, Ceylon Agro Industries – Prima as the Silver Sponsor, while Lanka Exhibition & Conference Services (LECS) and Hero Nature Products (Pvt) Ltd., supported as Bronze Sponsors.
The proceedings concluded with a vote of thanks delivered by Hony. Secretary Deepal De Alwis, followed by cocktails and a fellowship networking session, providing an opportunity for members to connect and strengthen industry ties.
Business
Uber brings the ‘business class of back seats’ to Sri Lanka with Uber Black
New premium ride option expands Uber’s portfolio from affordable Moto and Tuk rides to premium on-demand travel
Uber announced the launch of Uber Black in Sri Lanka, bringing its premium ride experience to the country for the first time. Designed as the “business class of back seats,” Uber Black combines premium vehicles and highly-rated drivers for riders looking for greater comfort, quality and a more elevated travel experience.
The launch comes as demand for premium products and experiences grows across Sri Lanka, with consumers seeking greater choice and quality in their everyday experiences. Uber Black brings this choice to on-demand mobility, whether for an airport journey, an important business meeting, a special occasion or simply when riders want to travel in greater comfort.
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