Business
.Sarvodaya Development Finance signs MOU with Hayleys Agriculture Holdings
Sarvodaya Development Finance (SDF), the first Development Finance company in Sri Lanka, recently signed a Memorandum of Understanding (MOU) with Hayleys Agriculture Holdings Limited (HAHL), one of Sri Lanka’s leading suppliers of agriculture products. The partnership aims to facilitate the sale of Kubota and E-Kubota Tractors, Kubota Combine Harvesters, and Agrotech Combine Harvesters. The MOU combines SDF’s commitment to empowering rural communities with Hayleys’ dedication to the development of agriculture within the country.
This partnership between SDF and HAHL, offers a host of benefits to the agriculture sector of the country, providing communities with the resources and means of accelerating development, and ensuring the upliftment of people across Sri Lanka. Customers will also be able to enjoy significant price discounts on the initial down payment as well as attractive interest rates, facilitating an easily accessible scheme to applicants from all social strata. SDF will offer first-year insurance free of charge, building onto the multitude of benefits offered by the scheme.
Despite the challenges faced by the agriculture sector, SDF’s agri-based portfolio has continued to grow over the past many months, significantly contributing to the country’s crisis-struck economy. Upholding its goal of functioning as more than just a finance company, SDF’s alternative economy model uplifts customers through financial solutions as well as technical support and more. Utilizing SDF’s prowess in the field, the project has continued to grow, greatly benefiting rural communities across the country.
Commenting at the event Mr. Nilantha Jayanetti, CEO of SDF stated, “We hope this partnership contributes towards the continued development of local communities, aiding the revival of our agriculture sector, and prompting transformation across the industry. Sarvodaya continues to forge ahead with partnerships and projects of this nature in order to ensure the growth and evolution of Sri Lanka as a country.”
Mrs. Jayanthi Dharmasena, Managing Director of HAHL, commenting at the event stated “We are pleased to work with SDF and provide the best financial solutions to our customers as the country’s leading agricultural machinery and equipment supplier. We have carved out a name for bringing the world’s best Agri machinery and equipment to Sri Lanka. Over the years, Hayleys Agriculture has supported farmers by introducing new agricultural mechanization technologies to facilitate farming and help enhance productivity. Its collaboration with Kubota Corporation, Japan and Zoomlion Agri Machinery in China; leading Agri machinery manufacturers in the world, has transformed the local agriculture sector over the last decade with innovative Agri machinery. “
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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