Business
‘Start saving with BOC’s special deposit schemes for a secure tomorrow’
There has never been time where citizens could come to a common understanding that the success of an individual strongly depends on foreground of the country’s economic development projection. And inadvertently the development of any community or country strongly depends on individual contribution and values upheld by all such individuals. Addressing the pressing need to promote thrift and saving habits among Sri Lankans, the country ‘s No.1 Bank, Bank of Ceylon strongly encourage all citizens to engage with the banking stream in whatever way possible to build up their individual savings along with day-to-day thrift habits.
Among number of deposit schemes, Bank of Ceylon ‘100 Days Investment Scheme’ has emerged as one of the unique and popular savings proposition among its customers and within the banking and financial industry. It offers a compelling value preposition to earn high and secure returns on investments within a period of 100 days. The bank has been continuously improving the deposit product with a view to extend the benefits of this unique investment opportunity to a larger population, while enhancing the benefits of this industry pioneering deposit product to its customers. Accordingly, this has been relaunched under three investment plans starting from a minimum deposit of Rs.500,000. The three investment plans includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000. The short-term investment opportunity present a rare opportunity for the public to gain the maximum benefit of the prevailing high interest rate by simply placing their idling-money or savings that gives lower return. Further, it also act as a cushion for the public to protect the real value of their money under the current high inflationary environment.
Similarly, Bank of Ceylon has come up with ‘200 Days Investment scheme’ which can be opened with a Rs.500,000 minimum deposit comes with attractive returns and other benefits. The public can subscribe to ‘200 Days Investment scheme’ in three investment plans that includes Rs.500,000 to Rs. 1,499,999, Rs.1,500,000 to Rs.2,499,999 and above Rs.2,500,000 in order to enjoy higher short-term return on their investments with guaranteed security for their deposits.
For the investors who are looking to make higher returns over a longer time period, ‘BOC Double Your Investment’ offers to double the investment within just four year period. With a minimum of Rs.1,000,000 investment, the public can join this scheme to double their investment at the end of four-year maturity period. Therefore, ‘BOC Double Your Investment’ in no doubt is the most attractive investment proposition for such investors for highest-yielding secure returns.
In addition, these deposit holders also have the opportunity of borrowing up to 90 percent of the deposited amount in this scheme, within the maturity period in order to meet unexpected and urgent fund requirements.Bank of Ceylon, Deputy General Manager (Branch Operations and Development Banking), Priyal Silva emphasized that innovative deposit products are critical to cultivate and promote savings among the public in order to elevate their own financial well-being as well as the country’s future economic outlook. “By placing their hard-earned savings in one of these special saving schemes, our customers will have the opportunity to successfully emerge out of the current economic crisis and continue to calibrate to their life aspirations. At a macro scale, I believe such innovative deposit scheme will contribute to elevate the economic outlook of the country,” he said.
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.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
