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 CMA rings the bell with CSE, to recognize and promote integrated reporting

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The Institute of Certified Management Accountants of Sri Lanka (CMA), in collaboration with the Colombo Stock Exchange (CSE), rang the market opening bell to commemorate the CMA Sri Lanka Excellence in Integrated Reporting Awards, with the objective of recognizing and promoting integrated reporting among the publicly quoted companies.

The ceremony was attended by the CMA President, Professor Lakshman R. Watawala, Professor Ho Yew Kee from the Singapore Institute of Technology as the Keynote Speaker, CMA Vice President, Hennayake Bandara, Deshapriya Senanayake, Partner Tudor V. Perera & Co., Ms. Dharshini Watawala, Associate Director at PWC Sri Lanka, and senior management from CMA Sri Lanka.

The CSE was represented by the CSE Chairman, Dilshan Wirasekera, CEO, Rajeeva Banadaranaike, and senior management.

Welcoming the invitees to the ceremony, CSE Chairman, Dilshan Wirasekera, congratulated CMA for all the hard work put in over the last 23 years. “For us at CSE, we are proud of partnering with CMA, because we are a disclosure-based market and we believe in promoting the principles of integrated reporting is not just for companies itself or the shareholder, but I think its more for the general public and for all investors who trade to make the information more transparent. We look forward to this partnership, and we hope the bond between our two institutes will get stronger.”

Presenting his views on the CMA Excellence in Integrated Reporting Awards, CMA President Professor Lakshman R. Watawala stated, “In addition to being a sponsor of the CMA Excellence in Integrated Reporting Awards, CSE has been a supporting partner for a long time. We have been having experts from South Africa, Singapore, Australia, and many others, including our own experts, who have been supporting us, and we have been able to get independent opinions on the awards given. I would like to mention Professor Ho Yew Kee, who has been the Chairman of the CMA Excellence in Integrated Reporting judging panel for the last seven years, from its inception.”

“The main thing is that we are able to measure the value creation of companies. All stakeholders are looking for value creation, and in value creation, there are some important elements that we take into account, which are called the six capitals. In addition to the financial capital there is the manufactured, intellectual, human, social and relationship and natural/environmental capitals.”

The keynote speaker of the event, Professor Ho Yew Kee from the Singapore Institute of Technology, shared his views on the importance of integrated reporting. “CMA Sri Lanka was able to capitalize on the importance and adopt a very proactive step in adopting the integrated reporting framework because it believes that the integrated reporting at the end of the day provides a good framework to allow a company to signal the value creation. This is particularly consistent with what the CSE is all about: creating wealth and value. The integrated framework allows companies not only to be able to perform or show the financial statements, but to articulate the reasons, the contributions, the factors, the risks, and the opportunities in the value creation process.”



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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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