Business
Govt urged to fix issues and go ahead with Adani wind power project in Mannar

By Sanath Nanayakkare
A group of sustainable energy activists convened a press conference in Colombo last week and called for resolving any issues with the Adani wind power project in Mannar and find pragmatic and sustainable ways to implement it without dragging on it.
“Sri Lanka is blessed with plenty of wind — a renewable energy resource with which cheaper electricity can be provided to consumers without spending millions of dollars on fossil fuel, but it is still an enigma why the government of Sri Lanka is dragging on finalizing the Adani wind power project in Mannar,” they said.
Indunil Bandara, Convener of the Youth for Renewable Energy Organization voiced concerns over the issue of increasing electricity unit tariffs faced by Sri Lankans. Bandara highlighted that nearly 25% of the average income is allocated to electricity consumption, posing significant challenges to households and businesses alike.
He questioned the country’s reluctance to embrace this particular project that could foster national development and progress.
“The surge in electricity bills is adversely impacting businesses and entrepreneurs, hindering economic growth and innovation. So, we can’t comprehend why the government is dragging its feet on regulatory approvals for green energy projects even when the advantages are clear,” he said.
Meanwhile, Rajitha Abeygunasekera, General Secretary of Sri Lanka Blue Green Alliance said, “Oil and coal claim more than 60% of the country’s electricity generation input mix, despite the country not lacking in Renewable Energy potentials, which impacts on national energy security heavily and is a major strain on the country’s trade budget with negative economic impact. The fact that only 4% of power needs are met by Renewable Energy, viewed along with the declared goal of achieving a 50% renewable electricity supply by 2030 under Long Term Generation Expansion Plan (clause 31 in “Environment” section) calls for major initiatives in Renewable Energy generation”, he said.
National Organizer of the Alliance, Vinshada Yasasmini said, “Renewable energy projects have gained greater importance especially after Sri Lanka policymakers decided that we need to be using 100 percent renewable energy by 2050. The 2016 “Blue Green Era” programme of Sri Lanka upholds our commitment to adopt climate smart strategies and low carbon footprint based on the Paris Agreement on Climate Change and Sustainable Development Goals. These policies call for significant levels of renewable energy projects for the country. So, the government needs to declare its position on Adani wind power project in Mannar without any vacillation.”
Mannar Socio and Economic Development Organization (MSEDO) has raised its concerns with the Central Environment Authority over the impacts of wind turbines on the bird population in Mannar coastal area.
India’s Adani Group, the developer of the $386 million, 250MW renewable energy project in Mannar, in a statement said recently that the company has underscored its commitment to environmental and avian population stewardship. They said their proposal includes the utilization of high-capacity turbines designed to minimize the project’s overall impact area.
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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