Business
Govt to list several state-run hotels on CSE
Stocks of poultry companies increase in price
By Hiran H.Senewiratne
The government would roll out a plan to list several state-run hotels on the Colombo Stock Exchange (CSE) through Selendiva Leisure, a holding company controlled by the government in June this year, Treasury Secretary Sajith Attygalle said yesterday speaking at the opening day of the Invest Sri Lanka Forum held virtually.
“The company will take over underutilized, underperforming, such as prime real estate, restructure them and raise capital,” Attygalle told the investment forum organized by the Ceylon Chamber of Commerce, CSE and the Board of Investment.
Sri Lanka created a fully state-run entity called ” Selendiva” to take over various state assets and act as the ‘investment arm’ of the government, he said.
Grand Oriental Hotels is part of the Bank of Ceylon, which was expropriated shortly after independence in an early violation of property rights. Further, private investors are expected to be allowed to buy around 49 percent of Selendiva Leisure.
Amid those developments, trading activity at the CSE was positive and witnessed some buying interest for certain stocks during the day. Both induces moved upwards. All Share Price Index upn by 24.5 points and S and P SL20 up by 6.7 points. Turnover stood at Rs 2.1 billion with a single crossing. The crossing took place in Watawala Plantation, which crossed 500,000 shares to the tune of Rs 27.75 million and its share price traded at Rs 55.50.
In the retail market top five companies that mainly contributed to the turnover were LOLC Rs 189.9 milli0n (496,000 shares traded), Expolanka Rs 170.6 million (3.5 million shares traded), Central Finance Rs 120 million (1.2 million shares traded), Royal Ceramic Rs 96 million (2.5 million shares traded) and Lanka Wall Tiles Rs 82.3 million (1.2 million shares traded. During the day 114.9 million share volumes changed hands in 25136 transactions.
Notably, poultry companies showed significant price appreciation due to an anticipated fish shortage following the sinking or half submerge of X Press Pearl ship in Sri Lanka waters, stock market analysts 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
