Business
Prime wins Gold in land and property sector at TAGS Awards 2022
Prime Lands Residencies PLC was placed 1st in the Land and Property Companies Sector and received the Gold Award at the TAGS Awards 2022 held recently at the Shangri-La Hotel in Colombo. Prime Group also won the Bronze Award for its 2021/2022 Annual Report in the Emerging Listed Companies Sector.
TAGS Awards 2022 is the re-conceptualized and re-branded Annual Report Competition of CA Sri Lanka with a legacy of over 56-years. TAGS stands for Transparency, Accountability, Governance and Sustainability, and the awards have been newly re-branded to reflect the core values maintained over half a century of competition; and strengthen and uphold the integrity of the financial, environmental, social, and governance reporting, apart from promoting the need to increase the transparency of companies which produce annual reports.
“We are delighted to receive these awards,” said Brahmanage Premalal, Chairman of the Prime Group. “As a Listed Company, we at Prime Lands Residencies PLC have a great responsibility to ensure transparency, accountability, good governance and sustainability. These are core values that we at Prime Group uphold. These awards are a recognition of the effort our team has put into discharging that responsibility.”
TAGS Awards 2022 was held under the patronage of Marie Antonia von Schönburg, Chief Delegate, Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka). Chairperson of the final panel of judges of TAGS Awards 2022 was Ms. K. M. A. N. Daulagala, Deputy Governor, Central Bank of Sri Lanka. Sanjaya Bandara CA Sri Lanka President, Vice President Heshana Kuruppu, Dilshan Wirasekara, Chairman, Colombo Stock Exchange, TAGS Awards 2022 Committee Chairman, Thivanka Jayasinghe and Alternate Chair, Chamila Cooray were among the distinguished gathering.
Prime Lands Residencies PLC posted a growth of 23% YoY with revenue of LKR 9.5 billion for the FY 2021/22. This was despite the turbulence due to the Covid-19 pandemic. The company made a profit before tax of LKR 1,848 million for the same year with a profit after tax of LKR 1,682 million. Prime Lands Residencies PLC was also upgraded to the highest rating in the real estate sector with a rating of [SL] A (stable) in April 2022 by the Independent Rating Agency ICRA LANKA LIMITED (Subsidiary of Moody’s Investors Service).
“Transparency and stakeholder communication are two of the most important pillars of our governance and our annual report is the most important communication to our shareholders regarding our performance,” said Premalal.
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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