Business
Koko and Abans redefine shopping dynamics for the modern consumer
Koko, Sri Lanka’s cutting-edge Buy Now, Pay Later (BNPL) platform, is thrilled to unveil a groundbreaking partnership with Abans, showcasing a star-studded line-up of brands.Picture this: the sophistication of brands like Samsung, LG, Philips, HP, Whirlpool and Panasonic all under one roof and available to pay for in 3 with Koko. Sounds like a dream doesn’t it? Visit any of the Abans websites like buyabans.com or Bigdeals.lk and if online isn’t your cup of tea you can head over to selected Abans Elite Showrooms, find affordable treasures at Miniso, and access other global fashion giants like Under Armour and Skechers, all available through this dynamic partnership with Abans.
Viraj Hewage, Group Digital Lead at Abans, shared his enthusiasm for this dynamic collaboration stating, “We are thrilled to announce our partnership with Koko at Abans! This collaboration marks a significant step forward in providing our customers with convenient and flexible payment options. At Abans, we understand the importance of offering seamless and accessible financial solutions, and our association with the Koko aligns perfectly with this commitment. We express our sincere gratitude to the entire team at Koko for their collaboration and shared dedication to enhancing the customer experience. Together, we look forward to creating more opportunities for our valued customers, making their shopping experiences even more enjoyable.”
Naheed Zainudeen, Head of Commercial at Koko, resonates with the tech-savvy generation. He added, “At Koko, we’re envisioning a future where financial freedom is the norm, not the exception. Our extended partnership with Abans, introducing Elite showrooms and international brands, is a tribute to the dynamic younger generation. It’s our way of creating a digital experience that not only makes shopping affordable but also aligns with the preferences of our combined user bases. With BuyAbans.com and BigDeals.lk, we’ve elevated this vision, making shopping not just affordable but a fun and stress-free digital experience for everyone in Sri Lanka.”
Koko envisions a future where financial freedom seamlessly integrates with the digitally connected lifestyle, taking the lead in Sri Lanka’s Buy Now, Pay Later landscape. Committed to revolutionising credit for a new generation, Koko establishes a digital haven for merchants and consumers, facilitating seamless payments and fostering intelligent financial choices.
With close to a million downloads and a network of 2,500+ partner merchants, Koko is not merely a provider of financial freedom; it’s a catalyst for a revolution, empowering the modern, digitally connected shopper. The collaboration between Koko and Abans is set to diversify brands and enhance payment flexibility, pioneering a Fin-Tech revolution for the digitally-driven generation and actively advancing Koko’s vision of a financially liberated future.
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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