Business
‘Beyond Wealth’ to enhance its investment advisory services with machine learning algorithms
by Sanath Nanayakkare
Beyond Wealth, a leading company which provides professional investment advisory services (PIAS) in Sri Lanka, recently celebrated its twentieth anniversary while entering into a strategic tie-up with TIW Capital Group, a multi-asset, multi-geography global asset management company headquartered in Singapore.
For two decades, TIW Capital Group (TCG) has been amassing tech expertise, and devising a cyborg investment capability that consistently outperforms the market. Now, TCG and Beyond Wealth (BW) are together presenting a machine-learning aided investment strategy which would drive cyborg investment to take on the world of investment.
Beyond Wealth is a professional investment advisory services firm in Sri Lanka headed by Indrajith Fernando while Singapore based TCG is headed by Mohit Ralhan.
“Machine learning-driven investments will increasingly outperform other investment strategies because confirmation bias, optimism bias, loss aversion bias and decency bias would be taken out of business calculations when making decisions for investment,” said Mohit Ralhan who has a great deal of experience in the global investment ecosystem.
At events held recently at Colombo Club and Royal Colombo Golf Club to cement the Beyond Wealth and TCG partnership, Ralhan said that machine learning circumvents the need for people to make arduous strategic calculations in making investment calls, and instead relies on machine-learned data which unerringly assures consistently good returns on investments.
Referring to the growth potential of Sri Lanka and its investment prospects, Ralhan said, “Whenever a country comes out of a debt crisis, its next 10 to 20 years’ of growth will be phenomenal. The GDP of Sri Lanka will be 150 billion dollars in ten years’ time.”
Indrajith Fernado, chartered accountant and former president of the Institute of Chartered Accountants and South Asian Federation of Accountants sought out TCG as he was looking for key input in machine learning-aided investment.
“We believe that much more cognizant investment decisions can be made while optimizing our clients’ portfolios when we take advantage of advancements in machine learning and its logical predictions,” he said.
Marina Goonewardene, senior investment architect at Beyond Wealth said, “It’s the rise of machine intelligence and TCG will be leading the charge for most accurate returns on investments (ROI) and that’s anything but robotic. Forget looking into the crystal ball; the future of investing belongs to machine learning and data science.”
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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