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HNB’s Damith Pallewatte named Sri Lanka’s ‘Bank CEO of the Year 2025’

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HNB’s Managing Director and CEO, Damith Pallewatte receiving the award for Sri Lanka’s ‘Bank CEO of the Year 2025’ from Dr. Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka

Following a record breaking year for Sri Lanka’s largest private sector retail bank, HNB PLC’s Managing Director and Chief Executive Officer, Damith Pallewatte, was named Sri Lanka’s ‘Bank CEO of the Year 2025’ by the Global CEO Forum.

The CEO of the Year Awards – which was hosted at Cinnamon Grand Colombo, recognises leadership excellence in the corporate sector across organisational performance, governance standards and industry impact, and serves as a national platform that brings together senior business leaders alongside key representatives from Government and the diplomatic community.

HNB’s robust risk governance framework, unique innovations drive and expansion of digital capability, transformation of its people and processes and clearly defined 5-year strategy focused on accelerating growth and revitalizing the grassroots economy were among the key considerations underpinning the recognition of the best CEO Award.

“Since inception, HNB has served as a reliable and trusted partner in Sri Lanka’s growth story. Since my appointment almost two years ago first in the acting capacity, our goal has been to protect and enhance this legacy.

We have stayed true to our roots, with great initiatives like Gami Pubuduwa and Sarusara working to build financial inclusion, and create ecosystems in which MSMSEs can thrive, connect to value chains, and even build export capacity.

“Especially over the past year, we were very strategic about growing our loan book in order to channel support, resources and expertise to sectors within the Sri Lankan economy with an exponential growth potential. Over the next 5 years, we aim to accelerate these efforts leveraging digital innovation to empower a new generation of entrepreneurs to take Sri Lankan products to the world. And we plan to be with them every step of the way,” HNB PLC Managing Director and Chief Executive Officer, Damith Pallewatte said.

Pallewatte’s award follows a year of sustained momentum for HNB PLC. During the year, the Group recorded strong growth in profitability, alongside continued balance sheet expansion, with the Bank’s asset base expanding to Rs 2.39 trillion as at end-December 2025. For the year ended 31 December 2025, HNB reported Group PAT of Rs 49.8 billion and Bank PAT of Rs 45.4 billion, while Gross Loans and Advances exceeded Rs 1.5 trillion and deposits crossed Rs 2.0 trillion at Group level, reflecting consistent progress across the period.

HNB’s performance demonstrated an emphasis on scaling growth with discipline. This was reflected in sustained improvements in asset quality, and capital and liquidity buffers maintained above regulatory minimums despite notable growth in the bank’s loan portfolio. During the year, the Bank also secured ISO 22301:2019 Business Continuity Management certification, reinforcing its focus on operational resilience and service continuity.

Pallewatte brings a background spanning banking, credit, operations, strategy and risk management. He was appointed Managing Director and CEO of HNB PLC with effect from 22 November 2024, following his earlier appointment as Acting CEO, in April 2024 and has held senior leadership roles across the organisation, including within wholesale banking and risk management leadership.



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Addressing the drug issue in the country must be treated as a national priority – PM

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Prime Minister Dr. Harini Amarasuriya emphasized that addressing the drug issue in the country must be treated as a national priority, highlighting that it must deliver results at the ground level.

A meeting to brief the Prime Minister on the National Strategic Plan for the Management, Treatment and Rehabilitation of Persons with Substance Use Disorders (SUD) 2026–2030 was held with the participation of officials from the Ministry of Health and Mass Media and other key stakeholders on 13th of March at the Temple Trees.

The discussion focused on the proposed national strategy developed to address the growing health, social and economic challenges associated with substance use disorders in Sri Lanka. The strategic plan aims to strengthen prevention, treatment, rehabilitation and reintegration services through a coordinated and evidence-based national approach.

During the meeting, attention was drawn to existing gaps in early identification of substance use disorders, continuity of care, community-based follow-up and reintegration of recovering individuals into society. The plan proposes several key interventions, including strengthening screening and symptomatic treatment at primary healthcare and outpatient levels, improving hospital-based treatment and follow-up services, expanding residential rehabilitation facilities, and enhancing community-based rehabilitation and relapse prevention programmes.

Special emphasis has also been placed on providing targeted support for vulnerable groups, including children and adolescents, pregnant women, mothers with children and prison inmates.

Speaking on the importance of strengthening the national response to drug issues, the Prime Minister Dr. Harini Amarasuriya noted that the drug menace has evolved into a serious social crisis that threatens social stability and security of families and the nation as a whole highlighting that law enforcement and rehabilitation in this regard must be given equal priority.

The Prime Minister further underscored the importance of including public awareness initiatives and responsible media reporting as key components of the national strategy.

The meeting was attended by the Secretary to the Prime Minister Pradeep Saputhanthri, Secretary to the Ministry of Health Dr. Anil Jasinghe, officials from the Department of Prisons, Bureau of Rehabilitation, Sri Lanka Police Ministry of health, Ministry of Public Security and Parliamentary Affairs, Ministry of Justice and National Integration ,Ministry of Defense, Ministry of Education, Ministry of Women and Child Affairs and other relevant department and ministries.

[Prime minister’s Media Division]

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QR code system will be implemented for fuel with effect from 06.00 a.m. today (15th)

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In light of the prevailing geopolitical developments in Middle East, the petroleum product supply chain has been adversely affected. At the same time, the demand for fuel has increased abnormally, resulting in a depletion of the country’s existing fuel stock. Therefore, it has become necessary to carefully manage the available fuel reserves in order to sustain the nation’s economic activities.

Furthermore, it has recently been observed that certain groups have been illegally purchasing fuel in excessive quantities. The Government of Sri Lanka intends to prevent such improper consumption and ensure an uninterrupted fuel supply for the day-to-day needs and economic activities of the general public.

Accordingly, a QR code system will be implemented with effect from 06.00 a.m. on 15.03.2026.

Fuel will not be issued by any operating filling station in the country without a valid QR code from                      06.00 a.m. on 15.03.2026.

Steps to Obtain the QR Code

  1. Users who have already registered for the QR Code
  2. Users whose vehicle ownership and registered mobile number remain unchanged since their initial registration may download their QR Code from the     website https://fuelpass.gov.lk/ starting from midnight on 14.03.2026, using the ‘Vehicle Login’     button.
  3. Users whose vehicle ownership or registered mobile number has changed since their last registration are required to re-register their details through the website https://fuelpass.gov.lk/  starting from 6.00 a.m. on 15.03.2026, using the ‘Vehicle Registration’ button.
  4. Users who have not previously registered for the QR Code and users with newly registered vehicles at
    the RMV
  5. Registration can be completed starting from 06.00 a.m. on 15.03.2026 through the
    website https://fuelpass.gov.lk/, using the ‘Vehicle Registration’ button.

The number of litres allocated for each category of vehicle is stated below.

A special fuel issuance system will be implemented for vehicles required to support national production and essential services.

 

Vehicle Class Capacity control volume for fuel pass

(L)

Buses 60
Motor cycle 5
Van 40
Motor car 15
Motor Lorry 200
Land Vehicles 25
Three Wheeler 15
Special Purpose Vehicle 40
Quadricycle 5

 

[Sri Lanka Transport Board will issue fuel to the private buses].

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Lanka discovers largest groundwater source

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The National Water Supply and Drainage Board (NWSDB) on Friday said the largest groundwater source discovered in Sri Lanka so far had been identified during tube-well drilling near the Pitabeddara Police Station.

Indrajith Gamage, geologist in charge of the Southern Province, said the source recorded a continuous flow of about 10,000 litres (10 cubic metres) per minute, marking the first instance in the country where a groundwater source of that magnitude had been found.

He noted that the previous largest groundwater source was discovered in the Madhu area, which recorded a flow of about 7,000 litres per minute.

According to the NWSDB, the tube well was drilled following geological studies of rock layers and the identification of underground water through fractures in rock strata using specialised technical instruments.

The Board said steps would be taken to distribute water from the newly discovered source to residents facing shortages in Pitabeddara, Morawaka and surrounding areas.

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