Business
Pathfinder- Centennial launched to provide strategic advisory services to foreign and local investors

The MMBL-Pathfinder Group and the Washington DC based Centennial Group Holdings LLC., have launched a joint venture company for providing strategic advisory and project management services to policymakers as well as prospective foreign and local investors, with a view to attracting foreign investment and establishing new business ventures in the island.
The Agreement was signed on December 22nd, 2020 on a virtual platform in the presence of signatories from both sides. The Board of Pathfinder-Centennial will comprise of Harinder Kohli, President & CEO of Centennial Group International and Director and Chief Executive of Emerging Markets Forum (a nonprofit arm), both based in Washington D.C., who held several senior positions at the World Bank; Dr. Rajat Nag, former Managing Director General of the Asian Development Bank and Distinguished Fellow of National Council of Applied Economic Research, Delhi and Emerging Markets Forum, Washington DC (2006-2013) and Mohamed V. Muhsin, Strategic Management Consultant, Corporate Director and former Vice President & CIO of the World Bank. Board members representing MMBL-Pathfinder Group will be former Ambassador and Chairman of the Pathfinder Foundation Bernard Goonetilleke; K. Balasundaram, CEO of MMBL-Pathfinder Group and senior corporate executive and Dr. Indrajit Coomaraswamy, former Governor of the Central Bank of Sri Lanka.Bernard Goonetilleke will function as Chairman, while Mohamed V. Muhsin will be the Managing Director/ CEO of the joint venture company, Pathfinder-Centennial (Pvt.) Ltd.Centennial Group International. headquartered in Washington DC, is a strategic and policy advisory firm with branches and operations globally.
Centennial partners with local ‘Think Tanks’, Universities, executive training institutions and other counterparts. It provides advice across economic sectors in the public and private sectors, state owned enterprises and small and medium enterprises. Economic transformation is a major focus of Centennial, including reorganization and transformation of enterprises, implementation of program and projects, monitoring and evaluation, advising on mergers and acqusitions and leveraging digital opportunities. Centennial works with sovereign and non-sovereign clients as well as with a full range of multilateral and bilateral development institutions. The Group has the benefit of a unique blend of senior staff, having experience in high-level policy and strategy formulation and implementation by serving in senior most positions in multilateral institutions including UN agencies, the World Bank, Asian Development Bank, the IMF, IFAD, AfDB and the Islamic Development Bank.
It has released a number of major publications through its non-profit arm, the Emerging Markets Forum.MMBL-Pathfinder Group has been engaged in investing and promoting investments by local and foreign investors for a considerable period of time. The ‘Pathfinder Foundation’, which is a non-profit organization established by the Group, has been active since 2003 in multifaceted fields such as economic reform, security and strategic studies etc. by conducting public seminars, workshops, conferences etc. for the local and international audience.
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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