Business
Pan Asia Bank partners with Ideal Motors to finance 100% SL-assembled Mahindra & Mahindra vehicles
Pan Asia Bank joins hands with Ideal Motors PVT Limited, a fully-owned subsidiary of the Ideal Group,in extending an opportunity for Sri Lankan customers to own 100% Sri Lankan assembled motor vehicles. Pan Asia Bank is extending the banking solutions for all Mahindra vehicles at very attractive terms, accommodating up to 70% of the asset value on locally assembled KUV 100 (Both Diesel and Petrol versions). Pan Asia Bank is known for its Fast, Flexible and Tailor-made Leasing solutions which suits many different customer segments in Sri Lankan society.
Mahindra & Mahindra and Ideal Motors recently launched Sri Lanka’s first-ever locally assembled Single Cab – ‘City Pick-Up’. The Mahindra City Truck, which is a proud production coming out from the state-of-the-art production plant at Welipenna, is of international standards set up by Mahindra Automobiles India. The entire production process is closely monitored by the mother company, assuring international level standards in production. Ideal Motors delivered the first batch of vehicles to the customers during the month of February 2022 and City Pick-Up are now available in the market.
With over a decade of disrupting the local automotive and after-market solutions industry, Ideal Motors is a pioneer, specializing in assembly, import, and distribution of motor vehicles and multi-brand spare parts, automotive after-sales services. Ideal Group holds the sole authorized distributor rights of Mahindra motor vehicles and motorcycles in Sri Lanka and is the co-ownership of Sri Lanka’s “first manufacturers’ automotive assembly and production plant” in Welipenna, a joint venture between Ideal Motors and India’s automotive giant, Mahindra and Mahindra which currently assembles Mahindra KUV100nxt Petrol and Diesel versions and Sri Lanka’s number one single cab Bolero City Pick-Up. Following a service-first philosophy, the Group claims a large footprint across Sri Lanka with its island-wide network of Mahindra sales showrooms and authorized service dealerships. Ideal Motors has sold over 100,000 vehicles in the country and today Mahindra has emerged as the market leader in the above 1ton category with over 58% market share, maintaining 35% market share in below one Ton Category.
Pan Asia Bank, one of the most progressive business entities in the country, always introduces novel and innovative leasing products and allows customers to experience a range of leasing facilities catering into different needs.
Get your dream vehicle today itself with a hassle-free customized leasing plan from the Truly Sri Lankan Bank – Pan Asia Bank. Visit the nearest branch for more details or Cal 0114-929929.
(Pan Asia Bank)
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
