Business
Sri Lanka accelerates financial literacy drive amid scams
by Sanath Nanayakkare
CFA Society Sri Lanka launched a financial literacy publication authored by Ravi Abeysuriya, CFA, Advocacy Chair of CFA Society Sri Lanka, at the Colombo Stock Exchange (CSE) yesterday.
The chief guest Ms. K M A N Daulagala, Deputy Governor of the Central Bank of Sri Lanka (CBSL), rang the market opening bell during the event marking another milestone of Sri Lanka’s ongoing endeavors, aiming at minimizing the risk of the public being deceived by investment schemes offered by untrustworthy and fake financial institutions and individuals.
By producing and distributing this book across universities and schools across the country, CFA Society and CSE hope to improve financial literacy rates in Sri Lanka so that people can make better, well-informed, choices when it comes to their finances and also be protected against unscrupulous operators in the financial space.
Ravi Abeysuriya speaking at the event said that the book authored by him gives general public the basic knowledge they need to understand the real opportunities in business, actual risks involved in investments and ways to take control of their financial future.
“The book extensively covers topics such as how to achieve financial independence and wealth, personal financial planning, understanding how to borrow smart, how to be prepared for unexpected turns of business and economic events etc”, he said.
“I request all corporates to do their utmost to improve financial literacy among the adult population in Sri Lanka as part of their CSR activities. When their employees have less financial burdens through better management of their personnel finances, the employers will have a satisfied workforce, and that will be a win-win situation for both employers and the employees. I also request policymakers and university academia present here to take their financial literacy drive from the universities to the schools throughout the country.”
“Economic literacy is also a vital element the people should know about. Due to lack of economic literacy, people in Sri Lanka didn’t question the viability of economic decisions made by the successive governments. Only after the sovereign debt crisis hit the country, our voters realized the damage caused to the economy by politicians through their wrong economic decisions and policies pursued in the past decades. So not only financial literacy, economic literacy also should take enough space in our discussions to liberate the national economy while getting people emancipated from financial scams taking place at various levels.”
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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