Business
Leading British Nutraceutical Company Principle Healthcare Celebrates 20 Years
Principle Healthcare Group, one of UK’s leading nutraceutical companies that focus on enhancing everyday wellness, recently celebrated its 20th anniversary.
Since inception in 2002 under the leadership of Mike Davies MBE, Principle Healthcare has played a pivotal role in providing nutraceutical products aimed at sustaining well-being and good health. With trusted vitamin and nutritional supplements endorsed by healthcare professionals worldwide, Principle Healthcare has acquired a solid reputation as a market leader in innovative and groundbreaking nutraceutical solutions.
The Queen’s Award recipient, Principle Healthcare became a part of the leading consumer healthcare group based in Germany, Euro Vital Pharma (EVP Group), in 2020. With EVP’s expertise on consumer health, Principle Healthcare is set to broaden its horizons by capitalizing on its supply chain and inhouse production capabilities, says Andrew Davies, Managing Director. Having grown from an independent family-owned business to being a part of a globally present dynamic business entity with interests in healthcare and wellness, Principle Healthcare believes in adding value to modern-day nutrition with an innovative and up-to-date range of vitamin and mineral formulations.
A growing market presence and a portfolio of cutting-edge nutritional supplements have enabled Principle Healthcare to maintain a vibrant presence globally. The Company presently operates in markets such as Europe, Africa, Middle East and Asia. Principle Healthcare entered Sri Lanka in 2017 and has made its mark as a premier nutraceutical brand with its diverse range of marketing leading products with a British origin. Within a span of less than five years, Principle Healthcare has succeeded in becoming one of the fastest growing nutraceutical brands in Sri Lanka.
With Sri Lanka being the hub for South East Asia, plans are underway for expansion into regional markets such as Maldives, Singapore, Vietnam, and Cambodia, says Elroy Fernando, Regional Vice President for South East Asia.
The broad range of high quality nutritional supplements manufactured by Principle Healthcare meets both age specific and gender specific needs, targeting multiple therapeutic areas. Developed by a team of scientists with a diverse range of published research, Principle Healthcare products are well researched and tested for their efficacy and contribution towards enriching wellness.
With a passion and belief to make a real difference in modern-day nutrition, Principle Healthcare is committed to deliver proactive healthcare and nutritional solutions, staying true to its core principles of high-quality food supplements for the whole family, that are accessible, affordable, and innovative.
Principle Healthcare products are available in Sri Lanka in all leading pharmacies and supermarkets.
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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