Business
CDB Advance Roof Solar green energy financing for a smarter and sustainable Sri Lanka
Citizens Development Business Finance PLC (CDB) has launched “CDB Advance Roof Solar”, its newest product in the green financing segment, as a sustainable financing and investment solution. With the new product, CDB ramps up efforts to incentivize customers to switch to a more sustainable approach, with the goal of increasing the adoption of sustainable practices in life.
CDB Advance Roof Solar provides customers with an easy way to upgrade to a smarter, self-sustaining energy source with an additional income and no electricity bills. Customers will receive a comprehensive solution inclusive of the latest solar technology and aftercare, a convenient financing facility from CDB and access to a special portal to track earnings. In addition, CDB Advance Roof Solar promotes a more intelligent and self-sufficient lifestyle. The goal is to provide a customized service right at your doorstep, with a simple installation process. CDB’s well-trained team members are also ready to walk customers through the process of obtaining a convenient financing option from CDB specially tailored for CDB Advance Roof Solar customers.
Commenting on the initiative, Damith Tennakoon, Chief Financial Officer, CDB said, “Our sustainability agenda encompasses both social and environmental dimensions. As we journey on the path of going from Rs. 100 Bn. asset based company to a company with a quarter of a trillion asset base, we are committed to leaving behind the least carbon footprint and continuing our carbon neutral status. We will contribute towards a greener economy while being a highly socially impactful organization ensuring financial inclusion”.
The company’s efforts are aligned to help achieve the 7th UN Sustainable Development Goal of ‘Clean Energy’. CDB is also committed to the country’s sustainable energy goal of 70% renewable energy sources by 2030, and CDB Roof Solar will contribute to achieving this milestone. The scheme will allow individuals and businesses with installed rooftop solar systems to sell any excess electricity back to the grid. The project envisions 1000 Mw of solar power generation capacity by 2025 – all from the rooftops of homes and businesses.
CDB Advance Roof Solar is a part of the CDB Advance initiative to drive sustainable finance, focusing on empowering a smarter and sustainable Sri Lanka. It facilitates sustainable energy production and eco-friendly transport solutions. To learn more about the CDB Advance Roof Solar, log into www.cdb.lk.
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
