Business
Port City Colombo showcased at Roadshow Event in Thailand with support from Joint Chambers of Commerce in Thailand
The Investment Relations Office to promote the Colombo Port City Special Economic Zone (CPCSEZ) in Bangkok, Thailand, led by Dr Sarayut Lekplipol, the Regional Head of Investment Promotion (Asia-Pacific) for CHEC Port City Colombo (pvt) Ltd, recently hosted the Joint Foreign Chambers of Commerce Presidents Council Meeting, which includes 36 countries, in partnership with the Thai-Sri Lanka Chamber of Commerce. The event was held at Conrad Bangkok on the 25th of January 2023, and served as an excellent multilateral platform to showcase investment opportunities at Port City Colombo (PCC).
The Investment Relations Office promoting the CPCSEZ in Bangkok is presently working with BOI Thailand, the Thailand Board of Trade, and the Joint Foreign Chambers of Commerce in Thailand. Together, this group is creating awareness about PCC and inviting both Thai and foreign investors to consider investing in vertical developments and other ventures within PCC, along with positioning the SEZ as an ideal destination for regional offices and or headquarters, allowing businesses to leverage PCC’s position as a gateway to the South Asian region. There is also an effort to connect Thailand’s Eastern Economic Corridor, which is also an SEZ, to PCC, with the intention of creating stronger trade and logistics routes and ties between South and Southeast Asia.
Commenting on the initiative, Dr Lekplipol said, “It was a great moment and opportunity for us to showcase the incredible opportunities at PCC with trade and investment representatives from over 36 countries, while also being able to spread awareness amongst the Thai business and investment community. Sri Lanka and Thailand share strong historic ties, and PCC is a great opportunity for both countries to mutually benefit, strengthen relationships and promote further cooperation.”
At the recent event in Bangkok, the regional investment relations office unveiled its plans to organize an Investment Forum in Bangkok, to launch “INVEST SRI LANKA 2023-2024” in late June to promote PCC. This will be a special awareness and marketing campaign to draw investor attention to PCC, and will be targeted at listed companies in Thailand, private investors, REIT funds and selected foreign investors based in Thailand.
Port City Colombo is a world-class city development built as an international service-oriented Special Economic Zone (SEZ), financial district and business hub, strategically located in the heart of South Asia – Sri Lanka. With an expected overall investment of US$20Bn on completion, the project spans 269 ha of ocean reclamation, extending the current Colombo Business District (CBD).
Developed in collaboration with the Government of Sri Lanka and CHEC Port City Colombo (Pvt) Ltd under a Public-Private-Partnership framework, Port City Colombo’s Regulations consist of a modern legal framework and attractive regulations that ensure ease of doing business. The framework is internationally recognized and independently regulated by the Colombo Port City Economic Commission.
Port City Colombo will be transformed into a modern, green, smart city enabling the exceptional in business, lifestyle and community. The City is estimated to have 6.3Mn m2 of built-up space and an estimated population of 273,000. The project is open to primary investment by property developers and secondary investment from key service-oriented business sectors such as financial services, shipping & logistics, IT services, BPOs, regional trading HQs and hospitality.
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
