Business
Lanka Sathosa, MILCO partnership powers Highland
Lanka Sathosa, the country’s largest retail network business, and MILCO, one of the country’s largest dairy companies, announced that they had successfully propelled Highland to rise above the competition and emerge as the highest selling full cream milk powder at Sathosa.
Working together, the two state sector entities strived relentlessly to promote home grown brand Highland’s locally manufactured full cream milk powder to consumers across 420 Sathosa outlets around the island. Thanks to the combined efforts of the two organizations, Highland now accounts for 1 in every 3 packets of full cream milk powder sold on average at Sathosa outlets, rising from a basket share of less than 15% about a year ago.
Going beyond building the brand and driving sales and revenue, this achievement augurs well for the nation’s goal of achieving self-sufficiency in the dairy industry. The sector is currently dependent largely on imported milk powder, thereby resulting in significant drain in valuable foreign exchange.
“MILCO was formed with the aim of supporting the rural economy and catering to the nutritional needs of the nation. Over the years, we have continued to ramp up our fresh milk collection and dairy product manufacturing operations to strengthen the local dairy industry and offer nutritious products to consumers. In line with this, we are excited to have partnered with Lanka Sathosa on driving our Highland range of products. Working together, we have successfully helped Highland full cream milk powder rise to become the number one selling brand in its category at Sathosa outlets. This is a significant milestone for the brand as well as for the local dairy industry,” said, Lasantha Wickramasinghe, chairman, MILCO (Private) Limited. “Encouraged by these results, we recommit ourselves to serving the nation and its dairy sector in particular.”
“At Lanka Sathosa, we strive to support the country by offering the highest quality everyday essentials at economical prices to consumers and by assisting small business owners, local manufacturers and farmers. In line with this, we partnered with MILCO to promote Highland’s locally manufactured products. We are delighted to see Highland now emerge as the highest selling full cream milk powder at our stores. In doing so, we have also helped the nation save valuable foreign exchange. This is a result of the ingenuity and commitment of both our teams. It gives us further impetus to champion local brands and thereby drive the economy forward,” said, Dr. Nushad M. Perera, chairman, Lanka Sathosa Limited. “We will continue to work with likeminded partners on transforming Sri Lanka’s retail space and delivering greater value to the nation.”
Lanka Sathosa Limited is a state-owned largest retail network business in Sri Lanka with over 420 outlets island wide and over 4500 employees. Established in 2005 under the name Lanka Sathosa with the aim of food security to the mass consumer, the retail chain’s new vision reflects its perceptions of its current target consumers with lower and lower middle-income households which is a price setter for the nation. Guided by its trusted leadership team, Lanka Sathosa spearheads the sustainable development of the food industry in Sri Lanka.
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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