Business
Litro Gas Lanka celebrates World LPG Day 2021 endorsing the WLPGA ‘sustainable recovery’ theme
As the world faces recovery from the devastating impact of the COVID-19 pandemic, the role of LPG as the clean, green and efficient energy has become central for economic and community recovery efforts, says the World LPG Association commemorating the World LPG Day this month.
This year, the World LPG Day is based on encouraging sustainable recovery from the pandemic – a common vision of empowering communities through LPG, a theme that has been endorsed and upheld by its members and stakeholders.
In Sri Lanka, driving the WLPGA vision is Litro Gas Lanka, Sri Lanka’s national LPG provider who looks back on a proud heritage of 150 years in LPG – having laid the pathway for the growth of LPG to become what it is today, a clean, green energy extensively used for household purposes as well as business applications.
“As a member of the world LPG body, WLPGA, Litro Gas Lanka remains firmly committed to partnering WLPGA on upholding the vision of sustainable recovery across multiple aspects of the energy sector”, says Anil Koswatte, Chairman & CEO of Litro Gas Lanka and Litro Gas Terminal Lanka.
Over the years as LPG became firmly entrenched in the country, Litro Gas Lanka has expanded the scope of LPG as a clean and efficient energy, shaping its progress with new and state-of-the-art areas of usage while encouraging multiple applications.
The Company has consistently focused on delivering innovative and research based functions, with particular emphasis on encouraging small and medium scale businesses along with large industries to choose LPG as a cheaper, cleaner and a far efficient fuel.
“In Sri Lanka, the domestic usage of LPG currently stands at around 35% – there are communities that still depend on energy sources likely to cause indoor pollution, such as firewood. To encourage them to switch to LPG as a clean, green energy forms one of our key efforts”, the Chairman said.
From having ensured that a considerable economic benefit is passed on to the consumers by sustaining prices from way back before the first lockdown came into effect, the Company has expanded the portfolio of its products, adding value and addressing changing customer specifications.
Litro Gas Lanka is also a Member of the Clean Cooking Alliance, which works with global partners towards ensuring clean cooking energy for the entire world.
Continuing with innovation based applications, the Company recently introduced a pipe-borne LPG system which encourages a shift from cylinder based LPG to an on-demand system. The system is likely to set a new standard for the industry, giving customers greater leverage in choosing their LPG options.
With a 76% market share in the LPG sector, Litro Gas Lanka has posted a Rs. 45 billion turnover.
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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