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Customs urge BOI ‘Green Channel’ facility recipients to use the facility responsibly

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BOI Director General Renuka Weerakoon presents 'Green Channel' award to one of the recipient BOI companies at the BOI auditorium on November 13.

by Sanath Nanayakkare

The ‘Green Channel’ facility awarded by the Board of Investment of Sri Lanka (BOI) is a coveted recognition bestowed on companies that come under the BOI for their outstanding performance and solid reputation in their respective industries. The awarding of this facility recognises the companies that have emerged as leaders in the nation’s exports, delivering significant business outcomes and positive impact on the economic growth of the country.

Since its inception in 2008, 124 BOI companies have received this prestigious award based on these merits. The Green Channel recipients enjoy the exemption from physical cargo verification, expediting of the shipping process and reducing operational burdens, allowing companies to focus on their core competencies.

This year too, 126 applicants competed for the Green Channel status subject to rigorous criteria having to go thorough evaluation processes by relevant BOI departments.

On November 13, the BOI announced that 35 companies out of the lot were chosen as recipients of this facility along with the consensus of Sri Lanka Customs which has a direct involvement in bestowing this ease of doing business facility to the qualified companies.

Shipper’s Council officials, Customs officials and senior BOI officials participated in the event underscoring the significance of the occasion.

The Additional Director General of Sri Lanka Customs, General Sudattha Silva congratulated the new batch of Green Channel recipients, but stressed on the importance of using the Green Channel facility responsibly.

BOI Director General Renuka Weerakoon outlined the recently introduced measures and regulations implemented by BOI to support foreign investment in Sri Lanka.

She emphasised the importance of providing a seamless and convenient service for investors in a time-sensitive world and highlighted the crucial time-saving mechanism that the Green Channel offers to the recipients. She also expressed the BOI’s plans for further digitisation, aligning with global best practices reflecting on its commitment to embrace technology for the benefit of the business community.

“The meticulous selection process ensured that only the most deserving candidates were bestowed with this facility. The Green Channel facility has proven to be a game-changer for recipient companies as they receive manifold benefits that generate increased confidence from their buyers,” a BOI spokesman said.

In addition to the Green Channel, the Board of Investment of Sri Lanka has introduced a digital platform for all BOI companies, ushering in a paperless environment. This initiative streamlines the duty-free approval process, moving it online for increased efficiency. Validation and assessment facilities have been digitized, ensuring transparency and accountability in the system.



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AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024

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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.

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Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness

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Kotaro Katsuki, Ambassador for the Embassy of Japan

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.

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HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024

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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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