Business
DFCC Bank signs MOU with National Chamber of Exporters to drive the growth of Sri Lanka’s export industry
DFCC Bank, the premier commercial Bank in Sri Lanka, announced the landmark signing of a Memorandum of Understanding (MOU) with the National Chamber of Exporters (NCE) and will now act as one of the Chamber’s key strategic partners. Through this MOU, DFCC Bank extends the comprehensive array of end-to-end financial solutions to all members of the NCE, providing access to customized export financing solutions that in turn enable them to do bigger and better business.
The National Chamber of Exporter of Sri Lanka is the leading chamber exclusively responsible for serving the export sector with a wide range of services. The Membership of the Chamber represents leading exporters across all product and service sectors in Sri Lanka, ranging from Large to Small export-oriented enterprises.
The MOU is valid for a period of one year and enables all export related businesses to obtain a host of benefits offered by DFCC Bank. The MOU is therefore of notable importance for all individuals and businesses involved in the production of exportable goods and services, both private and public in nature. Foreign exchange income generated through exports is currently a critical requirement towards ensuring that the country gains financial stability. As such, the partnership stands to add significant value in growing exports overall, while securing economic stability and resilience.
Commenting on the importance of the new partnership with NCE, DFCC Bank DCEO, Thimal Perera, stated, “DFCC Bank is proud to partner with NCE to offer its expansive export financing solutions to all NCE members. We look forward to supporting the growth of the Sri Lankan economy and driving the export market to greater heights through the partnership, thereby creating significant economic value for the nation. The MOU is yet another step in DFCC Bank’s long-term journey of partnering the growth and prosperity of our stakeholders and our customers in particular.”
“Through this strategic partnership, NCE as the exclusive Chamber representing exporters will be able to support its members, as always, by creating a platform for members and the bank to interact. Our aim is to develop and sustain exports of Sri Lanka thereby adding value to the economic development of this country. The Chamber aims to facilitate both DFCC bank and member exporters of the Chamber through various programs conducted by us,” commented NCE Secretary General/CEO, Mr. Shiham Marikar.
Throughout its rich history, spanning six decades, DFCC Bank has provided financial services for a plethora of well-known Sri Lankan entrepreneurs and entities, most of which have gone on to become leading exporters and providers of services to the international market.
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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