Business
Assetline Leasing to uplift Northern economy and people
Assetline Leasing Company Limited (ALCL) recently introduced several projects as part of its efforts to further develop its operations in the Northern Province. The financial services arm of the David Pieris Group of Companies, Assetline, has built its brand and reputation as providing funding, and financial assistance to the less affluent economic classes, entrepreneurs as well as small and medium enterprises. It is their anticipation that rollout of the initiatives under these projects in the Jaffna District which will benefit the entire Northern Province will contribute to uplifting the livelihood of the people and contribute to revitalize the economy in the Northern Province.
With this agenda and leveraging on Group synergies C. K. Motors, Chunnakam, Jaffna, a longstanding dealer of David Peiris Motor Company (Pvt) Ltd was brought on board as a Business and Cash Collection Centre representing ALCL. In addition to the ALCL Branch, the Company’s Leasing customers can now pay their lease rentals here. For C. K. Motors now in an addition to offering “DPMC Certified Three-Wheelers” their scope of business has expanded with the partnership with ALCL and the financial support provided.
“Jaffna Vehicle Spot”, a popular business entity in Kokuvil was also appointed as a business introducer with the aim of adding convenience to customers looking for financial assistance. Currently discussions are under way for “Jaffna Vehicle Spot” to partner the Group’s registered vehicle sales operation “Riyasakwala” which would mean both vehicles and tailor-made leasing solutions at attractive interest rates will be available at the same place.
Concurrently, as part of their commitment to the local community, a seminar was sponsored and facilitated for the traffic police officers under the guidance of Jaffna DIG Priyantha Liyanage, Jaffna HQI, Chief Inspector Chamly Palihena and other officials. The resource persons for this seminar were facilitated by the Police Headquarters, Colombo. More than 100 traffic police officers attached to 16 police stations in Jaffna Division participated in this workshop, the objective of which was to enhance road safety and traffic management in Jaffna.
Commenting on these recent initiatives, Mahesh de Silva, Chief Operating Officer, Assetline Leasing, said; “As a responsible financial institution, we are carrying out these projects aligned to Northern Province Development Plan of the Government and Road Map outlined by the Hon Governor Mr. Jeevan Thiagarajah, creating a win-win for both the Company and the people in the region.”
Launched in 2003, Assetline Leasing is one of the largest specialized leasing companies in the country and has a significant presence in the leasing market. Assetline has 54 branches covering all major regions of the island and offers a wide range of innovative solutions to suit the needs of a diverse customer base.
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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