Business
‘Invest Sri Lanka’ forums in India
“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with stock broker firms, to promote foreign portfolio investment into the Sri Lankan stock market by showcasing investment opportunities in leading Sri Lankan listed companies. The investor forums were previously conducted in key foreign markets, including the UK, USA, Australia, New Zealand, UAE, India, Switzerland, Hong Kong, and Singapore.
This year, the CSE, in association with the Confederation of the Indian Industry (CII) and stock broker firms, will be hosting investor forums in India, in Chennai today at the Taj Coromandel Hotel and in Mumbai on August 11 at the Taj Lands End Hotel, to attract portfolio investments into the Sri Lankan capital market.
The decision to reactive the Invest Sri Lanka Investor Forums was made with a view to increase foreign investor inflows to Sri Lanka. Presently, with the Colombo Bourse is extremely competitive relative to its peer markets in the region, in 2022 and 2023, the CSE also had witnessed positive net foreign inflows. The main market index the All-Share Price Index (ASPI) has increased by 36% YTD.
The State Minister of Finance Sri Lanka, Shehan Semasinghe, will deliver the keynote speech at the forums in Chennai and Mumbai.
The Sri Lankan delegation, including senior representatives of CSE, SEC, Central Bank of Sri Lanka (CBSL), and representatives from 16 Stockbroker firms, would be part of the delegation at both forums, to make a collective case for Sri Lanka as an attractive investment destination.
The forums will consist of multiple sessions on the country’s present economic outlook, market analysis and investment opportunities in the Sri Lankan Stock Market.
There will also be a panel discussion at both forums with the participation of the State Minister of Finance, Sri Lanka, CSE chairman, Dilshan Wirasekara, CBSL Director Research, Dr. P.K.G Harischandra, and SEC Director General, Chinthaka Mendis, moderated by CSE CEO, Rajeeva Bandaranaike.
The Platinum Sponsors for both Chennai and Mumbai forum are Asia Securities and First Capital Holdings PLC, while Almas Equities is as a Gold Sponsor for the Mumbai forum. The Support Partners for the forums are the Ceylon Chamber of Commerce (CCC) and the Board of Investments (BOI).
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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