Business
Sri Lanka Tourism urged to advance ESG goals with the help of multilateral banks
‘Tourists are keen on reducing their carbon footprint when they travel’, say tourist chauffeur guides
by Sanath Nanayakkare
It is high time Sri Lanka Tourism Development Authority (SLTDA) showcased the seriousness of the government’s commitment to reducing greenhouse gas emissions by deploying electric vehicles (EVs) for tourist transportation, says Ranjith Sudasingha, Vice President of the Chauffeur Tourist Guide Lecturers’ Association.
“One notable way SLTDA can showcase its true commitment to the above cause is by helping our members to get EVs best suited for road trips taken by foreign visitors during their holiday in the country. By actively participating in the Environmental and Social Governance (ESG) goals, SLTDA can demonstrate its leadership in addressing environmental challenges and meeting the expectations of eco-conscious foreign visitors who want to travel in environmentally-friendly vehicles because of the positive impact it has on the environment.”
When asked whether he thought the government had the capacity to allocate foreign exchange for the importation of EVs for tourist transportation, he says,” We understand that the government can’t ask the local banks or the Treasury to provide financing to import EVs for the purpose because of its fiscal consolidation programme and tight foreign reserves management programme. However, if SLTDA is truly interested in boosting tourism revenue and thereby increase foreign inflows to the country, it needs to take the green tourist transportation initiative seriously and find a smart way to mobilize the funds.”
He points out that climate finance provided by Multilateral Development Banks (MDBs) is a key source that SLTDA can tap into. He cites MDBs such as the World Bank, ADB, European Investment Bank (EIB) and the Asian Infrastructure Investment Bank (AIIB) whose global climate finance exceeded $98 billion in 2022 for low-income and middle-income economies.
“These MDBs allocate funds for the purpose every year in line with the UN Climate Change conference (COP21) which Sri Lanka is also a signatory to. Therefore, SLTDA should be able to tap those funds and help us get EVs through soft loans at a concessional duty rate in order to facilitate emission-free tourist transportation.”
“As chauffeur guides we connect with the visiting tourists like no one else does. So we know how keen they are in reducing their carbon footprint when they travel. They come to Sri Lanka because travelling in this country is an exciting and memorable experience for them. But in the midst of all the fun, they are not ready to forget how their holiday may impact the climate.”
“Today’s discerning tourists want to see us treat Mother Nature with the respect she deserves. Nevertheless a large portion of tourist transportation comes from quite old fossil-fuel-powered vehicles and EV charging points are few and far between. This is concerning to the tourists due to its contribution to pollution and global warming. Tourists not only want to stay in green hotels but also want to see green travel integrated into the key elements of sustainable tourism. So the challenge before us is; how can Sri Lanka better meet the needs of informed travellers who demand green transportation and provide them with modern EVs for travel across the country.”
“On the other hand, with fossil fuel prices high in Sri Lanka, EVs can make a better offer for tourists to reduce their travel spending during their stay. It will help attract more and more budget tourists to Sri Lanka. You see, deploying an EV fleet for tourism transportation is not just an obligation towards Climate Change and Global Warming. It would be a smart tourism business strategy because it would appeal to a significant niche in the global tourism marketplace.”
“Currently, our Association members are paid lower than what three-wheelers charge per kilometer. This is a pathetic situation given our running costs. The Destination Management Companies (DMCs) give attractive rental rates to tourists to stay competitive in the business. We have to suffer that loss in silence. We were battered by the pandemic, the economic crisis and the long lean periods of tourism and now we have reached the end of our tether as our requests to this effect have fallen on deaf ears at the SLTDA and the Ministry of Finance.”
“Let me just sum up the whole message”, the veteran chauffeur tourist guide says,” If the authorities can help us get duty-free EVs through soft loans arranged with the MDBs, it will derive four direct benefits. No.1. It will help contribute to Sri Lanka’s emission goals for our planet. No 2. Tourists will identify Sri Lanka Tourism as a truly environmentally-conscious brand and tourist arrivals will grow significantly. No.3. Our Association will be able to sustainably provide cozy rides to tourists while delivering our service at a reasonable profit. No.4. Once such a project is in effect, Sri Lanka Tourism Promotion Bureau (SLTPB) could use a powerful marketing tagline that cuts right to the point in just 7 words; “Sri Lanka Tourism Transportation Turns to Green”.
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
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.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
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.”