Business
PCC in round table discussion at Commonwealth Trade and Investment Summit
Port City Colombo (PCC) showcased its commitment to sustainable development and global economic cooperation at the third Commonwealth Trade and Investment Summit (CTIS) held in London recently.
CTIS, known for bringing together senior business leaders and ministers from across the Commonwealth’s five regions, provided an ideal platform for PCC to engage in critical discussions on promoting trade and investment opportunities. The event highlighted PCC’s dedication to fostering partnerships and driving economic growth not only in Sri Lanka but on a global scale, a PCC press release said.
The release adds; ‘Speaking at the session, Thulci Aluwihare, Deputy Managing Director of Port City Colombo, addressed the gathering on “Financing Sustainable Infrastructure”. The panel, comprised of representatives from governments, developers, financiers, and ecosystem enablers worldwide, and delved into the collaboration between the public and private sectors to bridge the infrastructure gap and advance sustainable development.
‘Sharing insights derived from PCC’s unique position as a brand-new city development, Aluwihare highlighted the city’s commitment to Colombo’s green transition. Emphasizing energy-efficient real estate development and a robust commuter transportation strategy, PCC aims to set a new standard for sustainable urban living while effectively mitigating climate risks.
‘A key focus of the discussion was unlocking green financing channels for emerging markets like Sri Lanka. Thulci Aluwihare addressed this challenge, shedding light on the legal and regulatory hurdles and offering strategic solutions to ensure that green financing becomes a catalyst for positive change in the region.
‘Port City Colombo’s presence at CTIS 2023 not only underscores its commitment to global economic cooperation but also positions it as a leader in sustainable urban development. By actively contributing to discussions on sustainable infrastructure financing, PCC is solidifying its role as a key player in the international arena, exemplifying its vision as the “Gateway to South Asia”.
‘A visionary multibillion-dollar FDI-funded project in the heart of Colombo, Sri Lanka’s capital, Port City Colombo is poised to be a regional game-changer through its Special Economic Zone (SEZ offering a range of incentives and benefits for investors and businesses. Port City Colombo will access South Asia, tipped to be one of the fastest growing regions over the next few years.
‘Port City Colombo’s five-year plan aims at revitalizing Sri Lanka’s economy through FDIs. This plan calls for a substantial $5.6 billion in FDI, a move that will position Sri Lanka as a leader in the global service export market. The SEZ also aims to contribute a staggering $13.8 billion to Sri Lanka’s annual GDP and generate over 140,000 direct job opportunities. During the construction phase, a projected fiscal revenue of $1.7 billion is expected, with an annual recurring revenue of about $700 million during the operational phase.’
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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