Enjoy amazing savings at your favourite restaurants across Sri Lanka!Celebrate the joyous spirit of Avurudu with Nations Trust Bank American Express Cards! As the April Sinhala and Tamil New Year approaches, we are delighted to spark connections and bring you exclusive offers and benefits that elevate your festive experience. Explore a world of savings and indulgence with your Nations Trust Bank American Express Cardmember privileges:
20% Savings on food (lunch and dinner) till 30th April, 2024. Contact: +94 11 249 1000
20% Savings on food (lunch and dinner) till 30th April, 2024. Contact: +94 11 743 7437
20% Savings on food from *TENKU* Restaurant till 30th April, 2024. Contact: +94 77 108 7720
20% Savings on food till 30th April, 2024. Contact: +94 11 254 1010
20% savings on food till 30th April, 2024
20% Savings on food till 30th April, 2024. Contact: +94 11 286 3863
20% Savings when you spend at FLOW, BASICO, and Level3ree till 31st May, 2024. Contact: +94 11 534 4644 8. Ramada by Wyndham Colombo 10% Savings on food from ALHAMBRA and GARDENIA Restaurants,30th April, 2024. Contact: +94 11 479 4399 Don’t miss out on these delightful savings! Spark Connections This Avurudu with Nations Trust Bank American Express and make your celebrations even more memorable. Visit our website to view more offers that you can enjoy exclusively with your Nations Trust Bank American Express Card. The post Spark Connections This Avurudu with Nations Trust Bank American Express appeared first on NewsWire. | ↑ |
Sri Lanka Insurance concludes the year 2023 with remarkable success, achieving an impressive profit before taxation of Rs. 10.6 billion, reflecting a robust improvement in combined Gross Written Premium (GWP) of Rs. 44.2 billion, marking a growth of 7.2%. As of December 31, 2023, Sri Lanka Insurance Life recorded a premium volume of Rs. 21 billion, while Sri Lanka Insurance General recorded a premium value of Rs. 23.1 billion. Reaffirming its commitment to customers throughout 2023, Sri Lanka Insurance disbursed an impressive Rs. 27.6 billion to policyholders in the form of maturity settlements and combined claim payments in addition to the 10.4 billion bonus declaration, underscoring the company’s steadfast commitment to honoring its obligations and ensuring the trustworthiness of its investment services. Furthermore, solidifying its strong financial position, SLIC has been able to continuously increase its Asset base and Life Fund over the years. This year the company was able to increase its asset base to enormous Rs. 313.3 billion and the Life fund to Rs. 180.8 billion. These achievements came amidst numerous changes that took place within the organization and during challenging economic and social conditions that prevailed in the country. Securing its number one position for the 5th consecutive year, at the end of 2023 Sri Lanka Insurance Motor Plus remains the market leader recording a claim payout of 10 billion and a total volume of Rs. 13.5 billion premium value strengthening its market position with a market share of 21%. Sri Lanka Insurance Motor Plus achieved a growth of 6%, which is over 10 times faster than the industry growth average of 0.5% for the motor segment. Affirming the prudent investment management strategies of the company and further emphasis on SLIC’s commitment towards its policyholders and their well-being, Sri Lanka Insurance outshined its own record to declare the largest Life Insurance bonus in the industry amounting to 10.4 billion for the year 2022 for its policyholders. In the last two decades SLIC has triumphed in declaring the highest Life Insurance bonuses year on year in the industry cumulating to a massive Rs. 92.8 billion making the SLIC bonus declaration unmatchable. The Group Chief Executive Officer of Sri Lanka Insurance, Mr. Chandana L. Aluthgama, proudly affirmed, “Our remarkable financial and non-financial accomplishments reflect the unwavering dedication and efforts exhibited by our exceptional team at Sri Lanka Insurance, even in the face of numerous challenges. Despite internal changes and the economic and social impact felt by the company, our strategic focus and steadfast commitment have positioned us as one of the most profitable entities yet again. The hard work and determination of our people have been instrumental in navigating these challenges, and with a reinforced foundation and a clear vision for the future, we are now prepared to embark on a new journey as Sri Lanka Insurance Life and Sri Lanka Insurance General.” Chairman of Sri Lanka Insurance, President Counsel Mr. Ronald C Perera stated, “As we reflect on 2023, Sri Lanka Insurance has demonstrated remarkable resilience and strength, as a robust and profitable business entity in the country despite the many challenges over recent years. In the midst of ongoing divestiture talks, it’s vital to emphasise that Sri Lanka Insurance, comprising both Life and General businesses, holds immense value for potential investors. The outstanding performance of both entities positions them as pivotal players in the market, offering significant benefits to interested parties. Acquiring such a robust asset would not only bolster the buyer’s organization but also enhance its portfolio, fostering mutual growth and long-term prosperity. As we move forward, Sri Lanka Insurance remains steadfast in its commitment to providing stability and strength to both Sri Lanka Insurance Life and Sri Lanka Insurance General. Our foundation is solid, and our vision for the future is resolute. With confidence, we anticipate that the enduring strength and stability of our company will serve as the cornerstone for the continued success of both entities in the years ahead.” Adding to the success of the company, SLIC had numerous other achievements during the year. Sri Lanka Insurance was awarded the ‘The Most Loved Insurance Brand’ by Brand Finance for the sixth consecutive year. SLIC was also listed in the top 100 ‘Most Valuable Brands’ in Sri Lanka by Brand Finance 2023. The Sri Lanka Insurance General brand was awarded the ‘Most Valuable General Insurance Brand 2023’ while Sri Lanka Insurance Life brand secured 1st Runner-up in the ‘Most Valuable Life Insurance Brand 2023’ category. Among the many other awards SLIC was recognized at the Women Friendly Workplace awards 2023 under the special category for ‘Empowering Women Entrepreneurs with Life Insurance Agencies’. Furthermore, the company won the Insurance, Finance and Investment sector award at the ‘Great HR Quiz’. SLIC also secure the Runner-Up award for Best Managed Project in Banking and Financial Sector at the National Project Management Awards 2023. The company continues with its initiatives to give back to the society though various projects. A free Life Insurance cover was gifted to parents of children born on World Children’s Day for the second consecutive year. Additionally, 375 Suba Pathum scholarships were awarded to top performers at the Grade 5 scholarship, GCE Ordinary Level and Advanced Level 2020/2021 examinations. As SLIC embarks on a new chapter, the company remains focused on delivering innovative insurance solutions, fostering customer trust, and contributing positively to society. With a solid foundation and a clear vision for the future, SLIC is poised to continue its legacy of excellence and leadership in the insurance industry. The post Sri Lanka Insurance yet again records a staggering profit of Rs. 10.6 billion before taxation for the year 2023 appeared first on NewsWire. | ↑ |
Mr. Heshana Kuruppu, President of CA Sri Lanka, and Mr. Sabah Mubarak Al-Jalawi, Chairman of KAAA exchanging the MoU. Heralding a new era for both Sri Lankan and Kuwaiti accounting professionals, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is poised to catalyze professional growth and knowledge exchange opportunities for Sri Lankans through an impactful partnership with the Kuwait Accountants & Auditors Association (KAAA). The Memorandum of Understanding (MoU) was signed by Mr. Heshana Kuruppu, President of CA Sri Lanka, and Mr. Sabah Mubarak Al-Jalawi, Chairman of KAAA, in the presence of Mr. Kandeepan Balasubramanaiam, Ambassador of Sri Lanka in Kuwait, and Mr. Dimuthu Ethugala, President of the CA Sri Lanka Kuwait Chapter, at a recent event at the Crown Plaza Hotel, Kuwait. The collaborative effort between CA Sri Lanka’s Kuwait Chapter and KAAA aims to create a dynamic platform for individuals seeking to advance their careers in the accounting and finance fields. By leveraging the resources and expertise of both bodies, the CA Sri Lanka Kuwait Chapter is committed to empowering Sri Lankans to excel in their professional journeys and contribute significantly to the global accounting landscape. The KAAA is a prominent accounting organisation founded in 1973. Through the MOU, KAAA will host seminars, events, and training programmes, enabling members of CA Sri Lanka to participate and broaden their knowledge, skills, and competencies for career advancement within Kuwait, while the CA Sri Lanka Kuwait Chapter will facilitate participation in seminars, events, and webinars in collaboration with KAAA, providing essential venues and facilities for these programmes. Additionally, technical programs offered by CA Sri Lanka are recognised in Kuwait, enabling government bodies, ministries, and KAAA members to partake in these initiatives, fostering knowledge exchange between the nations. The MOU will also facilitate CA Sri Lanka students to gain the opportunity to study at KAAA, while KAAA students can explore educational opportunities at CA Sri Lanka, enhancing cross-cultural and cross-border learning experiences. CA Sri Lanka will also offer short-term study programmes in accounting, finance, and audit domains in collaboration with KAAA, enabling Kuwaiti students and members to access valuable educational resources. Furthermore, CA Sri Lanka will also provide guidelines and measures to enhance services related to corporate governance, technical research and advice, quality assurance, forensic accounting, as well as issues concerning small and medium-sized practices (SMPs), Islamic finance, and continuing professional development (CPD), enriching KAAA’s service offerings. The post CA Sri Lanka Kuwait Chapter boost professional growth opportunities for Sri Lankans through key partnership with Kuwaiti body appeared first on NewsWire. | ↑ |
Sri Lanka’s first Metal Payment Card has been introduced by Nations Trust Bank and American Express. The launch of this payment Card – ‘The American Express® Platinum Reserve Credit Card’ marks this milestone in Sri Lanka’s payment landscape. This Card symbolizes exclusivity and sophistication with its sleek design and metal finish. The inaugural metal Credit Card sets a new standard of prestige in the industry, being the first of its kind in Sri Lanka. This Card will be exclusively issued for select Nations Trust Bank Private Banking Members on an invitation basis, unlocking a world of exceptional benefits tailored for the modern connoisseur with sophisticated tastes. Sheahan Daniel, Executive Vice President – Consumer Banking at Nations Trust Bank, commented, “We are proud to be the first to launch the Metal Payment Card in Sri Lanka. We continuously strive to provide exceptional offerings to our Private Banking clientele. The introduction of The American Express Platinum Reserve Credit Card reaffirms our dedication in setting new benchmarks in the industry and our position as a front runner. This launch underscores our commitment to providing our customers with access to the most prestigious financial products available locally and globally.” Divya Jain, Vice President & General Manager, Global Network Services – Asia and South Pacific Growth Markets – American Express added, “We are excited to grow our partnership with Nations Trust Bank and expand our leadership position in the premium consumer space with the launch of the American Express Platinum Reserve Credit Card. This new premium offering is tailored to meet the evolving needs of discerning Card Members in Sri Lanka and underscores our commitment to delivering unmatched value and access to global benefits for our Card Members in the country.” Embodying the hallmark benefits of American Express Global Membership, Card Members of the American Express Platinum Reserve Credit Card gain exclusive access to a myriad of global privileges and services, further enhancing their financial experiences and reinforcing their status as enthusiasts of luxury. The post Sri Lanka’s first Metal Payment Card is introduced by Nations Trust Bank and American Express appeared first on NewsWire. | ↑ |
Meridian Maritime Services Ltd (MMS) has appointed Mr. Sanjeewa Kotalawala as the new Chief Executive Officer. With a rich history of leadership spanning over 25 years in the maritime industry, Mr. Kotalawala brings invaluable expertise and strategic foresight to steer MMS towards continued success and growth. Mr. Kotalawala’s distinguished career spans pivotal senior leadership roles across various industries, including Hoegh Autoliners (Norway) in the Middle East, Groz-Beckert (Germany), GE Gas Power (USA) in the Asia Pacific region, and McLarens Shipping, Sri Lanka, among others. Throughout his tenure, he has consistently demonstrated a dedicated focus on operational excellence, revenue growth, talent leadership, safety enhancement, and the promotion of sustainable business practices. Mr. Kotalawala champions a vision-driven approach to product development, emphasizing the creation of products that not only fulfill customer needs but also exceed expectations. These remarkable qualities have earned him widespread respect within both the international and local maritime communities. Mr. Kotalawala holds a Masters from the University of Bolton and is an alumnus of S. Thomas’ College, Mount Lavinia. Meridian Maritime Services Ltd (MMS) stands as a cornerstone in the maritime landscape of Sri Lanka, renowned for its comprehensive support for the international maritime community. As the esteemed representatives for Wilhelmsen Ship Services and Wallenius Wilhelmsen in Sri Lanka and the Maldives, MMS occupies a crucial position within the global maritime network. Moreover, MMS extends its offerings to encompass a wide array of services, including a comprehensive shipping agency, logistics solutions, and marine services. This includes operating a fleet of offshore workboats servicing vessels sailing through the strategic shipping lanes off Sri Lanka. This strategic positioning allows MMS to provide efficient and reliable support to vessels navigating through these crucial maritime routes, further solidifying its role as a key player in the maritime industry. We are confident that under Mr. Kotalawala’s leadership, MMS will continue to excel and strengthen its position in the maritime industry. The post Maritime Leader Charts New Course: Meridian Maritime Appoints Mr. Sanjeewa Kotalawala as new CEO appeared first on NewsWire. | ↑ |
The Hayleys Leisure Training Academy, a pioneering initiative by Hayleys Leisure, held its second graduation ceremony on the 9th of April 2024 at Amaya Lake, Dambulla. The event underscores the organisation’s dedication to fostering talent and offering opportunities, as it celebrated the graduation of 35 exceptional students. These students were chosen from a pool of 470 applicants, with 60 initially selected and 43 successfully completing the course.
Graced by the esteemed presence of Mr. Rohan Karr, Managing Director of Hayleys Leisure, along with key figures including Mr. Chris Quyn, Chief Operating Officer of Amaya Resorts and Spas, and General Managers from Amaya Hills, Amaya Beach, and Amaya Lake, the ceremony marked a significant milestone in the journey of these graduates towards a promising career in the hospitality industry. The Hayleys Leisure Training Academy focuses on catering to disadvantaged fractions of youth in Sri Lanka including students without basic educational qualifications and members of lesser affluent backgrounds. The academy provides comprehensive training in various aspects of the hospitality profession, with the cost fully borne by Hayleys Leisure. Upon completion of the programme after thorough theoretical and practical examination, the graduates are provided with an option of employment at one of Hayleys Leisure’s extensive network of hotels, resorts and boutiques, including esteemed subsidiaries as The Kingsbury Colombo, Amaya Resorts and Spas, and the Boutique Collection by Amaya. The ceremony highlighted outstanding graduates with Awards for Excellence in Subjects. Preethika Madubhashini excelled in Front Office, Shamin Vidarshan in Food & Beverage, Thishan Vijayakumara in Housekeeping, and Dulakshi Karunanayaka in Kitchen Operations. In addition, special recognition was bestowed upon the most outstanding students of the batch: with Kavindu Karunarathne in 3rd Place, Eranga Perera in 2nd Place and Thishan Wijayakumara securing 1st Place and garnering the esteemed title of Batch Top of Hayleys Leisure Training Academy’s Second Batch. The presence of the graduates’ parents, distinguished guests, and dedicated staff members of Hayleys Leisure added to the significance of the occasion, underscoring the collaborative effort towards nurturing talent and driving positive change in the community. Moving forward, the Hayleys Leisure Training Academy remains committed to its mission of empowering youth and creating pathways to success, ensuring a brighter future for Sri Lanka’s ever evolving landscape of tourism and hospitality. The post Hayleys Leisure Training Academy Celebrates Its Second Graduation Ceremony at Amaya Lake, Dambulla appeared first on NewsWire. | ↑ |
Enjoy amazing savings at your favourite restaurants across Sri Lanka!Celebrate the joyous spirit of Avurudu with Nations Trust Bank American Express Cards! As the April Sinhala and Tamil New Year approaches, we are delighted to spark connections and bring you exclusive offers and benefits that elevate your festive experience. Explore a world of savings and indulgence with your Nations Trust Bank American Express Cardmember privileges: 1. Cinnamon Lakeside Colombo
20% Savings on food (lunch and dinner) till 30th April, 2024. Contact: +94 11 249 1000
2. Cinnamon Grand Colombo
20% Savings on food (lunch and dinner) till 30th April, 2024. Contact: +94 11 743 7437
3. Kingsbury Colombo
20% Savings on food from *TENKU* Restaurant till 30th April, 2024. Contact: +94 77 108 7720
4. Taj Samudra Colombo
20% Savings on food till 30th April, 2024. Contact: +94 11 254 1010
5. Galle Face Hotel
20% savings on food till 30th April, 2024
6. Waters Edge Battaramulla
20% Savings on food till 30th April, 2024. Contact: +94 11 286 3863
7. Hilton Colombo Residences
20% Savings when you spend at FLOW, BASICO, and Level3ree till 31st May, 2024. Contact: +94 11 534 4644
8. Ramada by Wyndham Colombo
10% Savings on food from ALHAMBRA and GARDENIA Restaurants,30th April, 2024. Contact: +94 11 479 4399
Don’t miss out on these delightful savings! Spark Connections This Avurudu with Nations Trust Bank American Express and make your celebrations even more memorable. Visit our website to view more offers that you can enjoy exclusively with your Nations Trust Bank American Express Card. The post Spark Connections This Avurudu with Nations Trust Bank American Express appeared first on NewsWire. | ↑ |
Richard Nuttall, Chief Executive Officer of SriLankan Airlines, speaking at the ceremonySriLankan Airlines, the exclusive ground operator at Bandaranaike International Airport (BIA), has initiated a phased upgrade of airport ground support equipment to accommodate the rising influx of flights and travellers transiting through the airport. Recently, the airline acquired three state-of-the-art passenger apron coaches, ensuring optimal comfort for passengers during transfers between the terminal and remote stands. With airport traffic steadily increasing and nearing pre-pandemic levels, acquiring modern ground support equipment has become an urgent priority for SriLankan Airlines. This investment aims to ensure a seamless end-to-end travel experience for customers.
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The new menu showcases dishes from across India presented with a modern spin, alongside a bar menu offering nostalgic favourites and creative concoctions, taking you on an armchair trip across the regions of India. Experience a burst of flavors with the Starts, featuring Garlic Chutney Potatoes – Maharashtrian-style tempered potatoes topped with garlic and chilli. Indulge in Naga Ghost Pepper Wings, and dive into the flavours from the northeastern state of India. From the Northern part of India, guests can indulge in dishes such as Punjabi Dhaba Chicken – a robust chicken dish inspired by the roadside Indian ‘Dhabas’, and Amritsari Shrimps – succulent prawn pakoras infused with carom seeds and coriander, served with a refreshing mint chutney. Inspired by the heirloom recipes and ingredients from the Southern regions of the country, the menu features classics such as the Chennai Crab Roti laced with rich flavours from the streets of Chennai. Malai Chicken Roast spiced with Tellicherry black pepper and the Toddy Shop Fish Curry pay a hearty ode to the aromas of local South Indian food. The menu also boasts a selection of flavourful biryanis, including the Butter Chicken Biryani – roasted pulled tandoori chicken with spicy makhani sauce served with raita, and the Prawn Roast Biryani – spiced prawns and saffron rice served with raita. To complement the culinary offerings, Bombay Borough presents an enticing array of beverages. From the bar, guests can enjoy the Darjeeling Dream – a gin cocktail infused with Darjeeling tea and the KAAPI G&T – a gin and tonic enhanced with rich notes of coffee. The bar also offers refreshing sangrias like the Galle Face Glow – with white wine and pineapple, and the Jaffna Grapes Sangria – a classic red wine sangria elevated by the sweetness of Sri Lankan Jaffna grapes.
For a sweet conclusion to the culinary journey, guests can indulge in the Flourless Dark Chocolate Bar – a chocolate bar topped with vanilla ice cream, toasted nuts, and miso caramel sauce, offering a subtle burst of umami notes. The Rose Falooda – a rose-flavoured traditional Indian dessert with jelly, vermicelli, and topped with vanilla ice cream – provides a refreshing and indulgent finale. The dining experience at Bombay Borough is enhanced by its inviting Indo-chic setting, featuring a contemporary white marble bar and a spacious dining area capable of hosting up to 100 guests across separate dining zones. The restaurant boasts an external entrance facing Galle Face Green, providing a picturesque backdrop for guests to enjoy reinvented Indian flavours with a progressive touch. Business Head, Charcoal Concepts, International Operations, Vivek Raghunath stated, “We are excited to introduce our new menu, which reflects our commitment to offering a curated dining experience that celebrates the rich diversity of Indian cuisine. We look forward to welcoming guests to Bombay Borough and delighting their taste buds with our innovative delicacies and exquisite Indian flavours, enhanced with a progressive flair.” For more information or to make a reservation, please visit Bombay Borough or contact Bombay Borough at +94 767611011. Bombay Borough is open from 12 PM to 11 PM, with an average meal for two priced at LKR 8,000/-.
About Charcoal Concepts: Bombay Borough is owned by Charcoal Concepts, a platform for specialist Indian food and beverage, founded by K Hospitality Corp. Charcoal Concepts has a clear vision to conceptualize, incubate, develop, and grow leading brands for Indian food and beverage in India and abroad. Under its umbrella are some of the leading, award-winning Indian cuisine brands, including Copper Chimney & Bombay Brasserie, with a presence across South Asia, the Middle East, and the UK.
Charcoal Concepts: www.charcoalconcepts.com K Hospitality Corp: www.k-hospitality.com Bombay Borough Address: L1-69, One Galle Face Mall, No:1A Centre Road, Colombo Galle Road, Colombo The post Bombay Borough Introduces an Exciting Culinary Chapter with Its New Menu Launch appeared first on NewsWire. | ↑ |
Mr. Susaan Bandara, Group Chief Marketing Communications Officer of LOLC Holdings PLC, alongside the LOLC Marketing Communications team accepting the award. LOLC Holdings PLC, the leading multinational financial conglomerate in Sri Lanka, proudly announces its glorious victory in clinching the esteemed title of “People’s Financial Services Brand of the Year” at the prestigious SLIM-Kantar People’s Awards 2024. This remarkable achievement marks the seventh consecutive year that LOLC has been recognized as the top choice in the nation’s financial services sector, repeating its dominance and firm dedication to uplifting lives across Sri Lanka. At LOLC, community well-being takes primacy, and this accolade emphasises their persistent belief in prioritizing the needs and aspirations of the people they serve. Winning the SLIM-Kantar People’s Award for the seventh consecutive year is a testimony to the trust and confidence bestowed upon them by the valued stakeholders, customers, and the Sri Lankan public at large. Mr. Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC, expressed his gratitude, stating, “We are honoured and humbled to once again receive this prestigious award, at the only awards ceremony in the country dedicated to honouring the choices of the people. Year after year, LOLC has remained the most preferred and trusted brand, as evidenced by its consistent presence at the top of the list. This award is a true measure of the strength of the LOLC brand and a fitting tribute to the organization’s unblemished dedication to the nation. As LOLC continues to set new benchmarks for financial services in Sri Lanka, our commitment to fostering inclusive and sustainable progress remains resolute. By embracing the United Nations Sustainable Development Goals, we recognize the critical role of financial inclusion in driving holistic growth. Our devotion to uplifting communities every day is showcased in our ongoing efforts to empower Sri Lanka in every way.” LOLC has become widely recognized as a household name, standing as a testimony to the power of perseverance, the strength of integrity, and the enduring impact of genuine human connection. As LOLC contemplates their journey, there is a sense of satisfaction in the strong reputation they have built. With great humility and gratitude, LOLC embraces its role as a beacon of hope and positivity in the lives of millions, remaining steadfast to its mission to create a brighter, more prosperous future for all. The 18th edition of the SLIM Kantar People’s Awards concluded successfully on March 19, 2024, at the Monarch Imperial. This esteemed event underscores the importance of consumer preferences, serving as a reflection of the voice and aspirations of the Sri Lankan populace. Organized annually by the Sri Lanka Institute of Marketing (SLIM) in collaboration with Kantar Lanka (Private) Limited, this event remains the foremost platform for recognizing brands, individuals, and institutions based on nationwide independent surveys. Notably, it stands as the sole awards ceremony dedicated to honouring the choices of the people, unveiling the brands and personalities closest to their hearts.
The post CHAMPION OF CHOICE, LOLC CLINCHES SEVENTH SUCCESSIVE PEOPLE’S AWARD appeared first on NewsWire. | ↑ |
LOLC Team, receiving the award Sustainable growth and prosperity across the nation. The company’s significant contributions are not only driving economic resurgence but also igniting investor interest in Sri Lankan LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its position as a trailblazer in the industry. Over the years, the company has spearheaded ground-breaking initiatives, propelling the nation towards a cashless economy while prioritizing financial inclusion and customer-centricity. In a celebration of technological prowess and innovation within Sri Lanka’s financial sector, the esteemed Technnovation Awards spotlight the vanguard of technological advancement and excellence. Amongst a field of formidable contenders, LOLC Finance has emerged five times triumphed, clinching an array of five Golden accolades. These include the coveted titles of;
Mr. Conrad Dias, Chairman of LOLC Finance, shared his joy at this remarkable accomplishment, remarking, “Securing five gold awards at the Technnovation Awards is a tribute to our solid commitment to digital excellence and customer satisfaction. These honours endorse LOLC Finance’s position as a leader in driving innovation and promoting financial inclusivity across Sri Lanka. We are deeply grateful for this recognition, which inspires us to continually push boundaries and establish fresh standards in the realm of digital finance. LOLC Finance has consistently embraced cutting-edge technologies, incorporating machine learning (ML), artificial intelligence (AI), and notably, Generative AI into its platforms. The strategic adoption of these technologies is geared towards enhancing overall efficiency”. Embracing the ethos of ‘digital first’ for several years, LOLC Finance has remained dedicated to advancing digital technology across its diverse business domains. Acknowledging the gradual progression of digital evolution, the company embarked on ‘phy-gital’ journey decades ago. Further distinguishing LOLC Finance is its exclusive position as the only Non-Banking Financial Institution (NBFI) in the country to boast an integrated IT arm, LOLC Technologies. As a forerunner in the field, LOLC Finance was among the initial Non-Banking Financial Institutions (NBFIs) entrusted with introducing Foreign Currency Savings accounts while additionally becoming the first NBFI to register for SWIFT transactions in Sri Lanka. Pioneering further in the realm of internet and mobile banking, LOLC Finance was also among the first NBFIs to integrate with the CEFTS. The evolution of LOLC Finance iPay from a simple payment gateway to a comprehensive lifestyle payment application today exemplifies its keenness to delivering exceptional service. As iPay leads the charge in LOLC Finance’s mission to provide upgraded digital solutions to its customers, it has attracted over hundreds of thousands of users, facilitating over tens of millions of monthly transactions valued at over Rs.12 billion. Recently, iPay marked a significant milestone, surpassing the milestone of processing nearly Rs. 250 billion worth of transactions since its inception in 2017, with over Rs. 140 billion of transactions coming in the last one year. Mr. Krishan Thilakaratne, CEO of LOLC Finance, highlighted how the company improves the digital banking accessibility while fostering financial empowerment across diverse segments of society. He emphasized, “At LOLC Finance, we are persistent in our belief that technology can be a powerful tool for empowering individuals and businesses. Our consistent triumphs at the Technnovation Awards also endorses our initiate to spearheading digital transformation and driving financial inclusion on a national scale. LOLC Finance stands at the forefront, boasting a significant portion of over 25% of the entire customer base within the NBFI sector. This statistic underscores the substantial impact of our digital vision on Sri Lanka’s evolution in digital banking. LOLC Finance’s pioneering advancements have garnered praise from both industry experts and stakeholders. Innovations such as the LOLC Real Time online portal and the iPay mobile application have profoundly reshaped the digital banking landscape, introducing new levels of convenience, reliability, and security”. The sixth edition of Sri Lanka’s Payment Technology Innovation Accolades, the LankaPay Technnovation Awards presented by Lanka Clear, took place on March 21, 2024, at Shangri-La Colombo. These awards commend member banks and non-banking financial institutions for their exceptional performance in electronic transactions throughout the fiscal year. An esteemed panel of industry experts evaluated all submissions, considering criteria such as innovation, impact, dynamism, and uniqueness to determine the winners. With a resolute pledge to excellence and innovation, LOLC Finance is primed to shape the trajectory of digital finance, fostering corporates, signalling a promising future for the financial landscape. Rated (SL) A by Lanka Rating Agency, LOLC Finance PLC is licensed by the Monetary Board of the Central Bank of Sri Lanka. The post Golden Glory Of Digital Titans, Lolc Clinches Five Golds At Techinnovation 2024 appeared first on NewsWire. | ↑ |
The Asia Pacific Alliance for Disaster Management Sri Lanka (A-PAD SL) recently concluded a Swift Water Search and Rescue (SAR) Skill Elevation training, underscoring its commitment to strengthening disaster response capabilities in water-related emergencies. Held from April 5th to 6th, 2024, at the scenic Handapanagala Lake in Wellawaya, the training saw the participation of 17 nationally and internationally certified trainees in Swift Water Search and Rescue. The SAR initiative of A-PAD SL demonstrates a commitment to enhancing disaster response capabilities in water-related emergencies. By conducting the training, A-PAD SL sought to enhance the team’s knowledge and skills to achieve international standards in SAR, reinforcing safety protocols and drills in preparation for potential flood response deployment during the upcoming southwest monsoon season. The training session provided a crucial opportunity for participants to refine their techniques and coordination in swift water rescue scenarios, ultimately aiming to save more lives by promoting efficiency and enhancing the quality of response efforts. Emphasizing the importance of prioritizing safety, the technical training ensured that responders were adequately prepared to handle emergencies effectively, safeguarding both their own well-being and that of the community. A-PAD SL’s commitment to promoting civil-military coordination in disaster response efforts is evident through the training of 160 civil and military personnel in swift water SAR techniques. Working in consultation with the Disaster Management Centre, A-PAD SL continues to play a pivotal role in strengthening Sri Lanka’s disaster preparedness and response mechanisms. A-PAD SL extends its heartfelt appreciation to the Embassy of Japan, the Overseas Development Assistance (ODA) of the Ministry of Foreign Affairs Japan, and the People of Japan for their unwavering commitment to disaster preparedness and response efforts in Sri Lanka and the Asia-Pacific region. The post A-PAD SL conducts Swift Water Search and Rescue Skill Elevation training appeared first on NewsWire. | ↑ |
The Sri Lanka Convention Bureau (SLCB) hosted a transformative educational session aimed at bridging the gap between digital marketing strategies and successful MICE (Meetings, Incentives, Conferences, and Exhibitions) and Business Events on 27 March at the auditorium of the Sri Lanka Institute of Tourism and Hospitality Management.
Led by esteemed industry experts Mr. Umair Wolid : President of the Digital Marketing Association of Sri Lanka and the CMO of Meta Asp at Roar AdX and Mr. Udara Dharmasena: Vice President Client Success Meta Asp at Roar AdX, the session covered the background of digital marketing in detail, providing attendees with invaluable insights into global trends and innovative strategies tailored specifically for the events industry.
Mr. Wolid and Mr. Dharmasena captivated the audience with their comprehensive overview of digital marketing’s evolving landscape and its vital role in shaping the success of modern-day events. Through engaging presentations and interactive discussions, attendees gained a deeper understanding of how to leverage digital platforms to enhance event visibility, engagement, and overall impact. The event attracted over 100 participants, including industry members and students pursuing degrees in event management and hospitality management. “We are pleased to have hosted this kind of an educational session focused on the connection of digital marketing and event management,” said Ms. Kumudu Hennedige, Manager Research, and Development & Training at the Sri Lanka Convention Bureau. “The enthusiastic participation highlighted the industry’s growing recognition of the importance of mixing digital strategies into event planning and execution. We extend our sincere gratitude to Mr. Wolid and Mr. Dharmasena for their invaluable contributions and look forward to continuing to empower industry professionals with the knowledge and tools needed to thrive in today’s competitive landscape.” The Sri Lanka Convention Bureau remains committed to facilitating educational initiatives that empower industry professionals and elevate Sri Lanka’s position as a premier destination for MICE and Business Events. The post Sri Lanka Convention Bureau hosts educational session on connecting digital marketing appeared first on NewsWire. | ↑ |
The conference titled “Beyond Compliance,” which convened in Colombo on March 21, 2024, aimed at fostering a robust food safety framework in Sri Lanka. The theme of the conference focused on a Public-Private Dialogue in Building a Lasting Food Safety & Quality Culture.
Hosted under the project “Best Standardized Practices for Agri-Food (BESPA – Food),” the event was co-hosted by the Ministry of Health and the Ministry of Industries (Industrial Development Board) and organized by the United Nations Industrial Development Organization (UNIDO) and the Food and Agriculture Organization (FAO) of the United Nations, with funding from the European Union. Through collaborative efforts of 88 institutions from the private sector, a series of discussions were held from August 2023 to February 2024 to produce a Position Paper. These institutions represented various sectors including industry associations, manufacturers, exporters, primary producers, service providers, and eateries. This Position Paper envisions a cohesive national food control system to be developed through inclusive consultations of both the public and private sectors, and shall address various challenges and prioritizing public health above all. Mr. Aakif A Wahab, CEO-Director of the Halal Accreditation Council, presented insights from a section of the Position Paper referencing a WHO report and a nationwide baseline survey by UNIDO. The reports indicated that the Sri Lankan population was prone to avoidable foodborne illnesses and that there was a lack of awareness among Food Business Operators in identifying and assessing potential hazards at various stages of food production, processing, and distribution. These facts warranted more action. The industry’s position paper underlines the importance of embedding food safety and quality principles into the fabric of Sri Lankan society. It called for a joint effort between the public and private sectors to instill a culture of food safety and quality consciousness among citizens. Mr. Wahab underscored the shared responsibility of all stakeholders along the food value chain, emphasizing the importance of knowledge, awareness, and adherence to standards to effectively mitigate food safety risks. Among several action points deliberated were the following: educating consumers from Schools to Households about Food Safety and Quality, empowering the farming community with the knowledge of Good Agricultural Practices to enable them to harvest produce compliant with local and global standards, which would achieve better yields, and training Micro, Small & Medium Enterprises (MSMEs) on the minimum accepted level of food safety derived from good practices and other process standards. These actions would improve the competitiveness of Sri Lankan products in export and domestic markets, foster improvements in livelihoods, and enhance overall public health metrics, especially amidst the challenge of overcoming an economic crisis and rising living costs. In conclusion, the conference served as a rallying point for stakeholders in the public and private sectors to commit to tangible actions to elevate Sri Lanka’s food safety and quality culture.
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Panel discussion in session With a steadfast dedication to providing Chartered Accountants with the essential tools required to navigate the dynamic landscape of quality management, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently organised a vital session aimed at educating its practicing members on the imperatives of adopting Sri Lanka Standards for Quality Management (SLSQM). Under the theme ‘Practice Quality Management with SLSQM,’ the session underscored the significance of these standards, which are set to come into effect on 01st January 2025. These standards play a crucial role in improving the quality and consistency of company performance. In his speech, Mr. Heshana Kuruppu, President of CA Sri Lanka, reiterated the Institute’s unwavering commitment to supporting practicing members in implementing SLSQM effectively. Mr. Saman Sri Lal, Chairman of the Professional Accountants in Practice Committee of CA Sri Lanka, explained that quality management does not apply only to large firms or international affiliations and is equally beneficial and applicable to even a sole practitioner. “It is imperative that our members cater to global demands.’ Significant features of the standards were introduced to the audience by Mr. Damith Gamage, Partner of Ernst & Young, while Ms. Thamali Rodrigo, Partner of KPMG, elaborated on how the implementation of these standards would benefit practices of all sizes. The insightful session concluded with a panel discussion moderated by Ms. Anoji De Silva, Alternate Chairperson of the Committee and featuring Mr. Manil Jayesinghe, Past President of CA Sri Lanka; Mr. Tishan Subasinghe, Vice President of CA Sri Lanka; and Mr. Chathumin Gunaratne, Partner at Deloitte. The panel shed light on the importance of audit and assurance services to the economic growth of the country by enhancing trust in the capital market, the scalability of SLSQM to cater to firms of different sizes, and how better internal processes can attract more local and international clients.
Mr. Saman Sri Lal, Chairman of the Professional Accountants in Practice Committee of CA Sri Lanka delivering his speech
Mr. Heshana Kuruppu, President of CA Sri Lanka addressing the event
A section of the audience The post CA Sri Lanka champions high-quality management with SLSQM among Chartered Accountants appeared first on NewsWire. | ↑ |
Homegrown fragrance brand, La Perfumerie celebrated a new chapter on March 29th, 2024, with the grand opening of its fourth store in the beautiful city of Kandy. The store, located in the heart of the Central Hills, marks a significant milestone for the brand’s continued growth and success. The grand opening ceremony was a star-studded affair, graced by the esteemed presence of the Diyawadana Nilame of the Dalada Maligawa. Prominent sporting figure, former Sri Lanka and Kandy Sports Club Rugby Captain Fazil Marija, and the Commissioner of the Kandy Municipal Council, Mr. Ishan Wijeythilake, also lent their support, adding to the occasion’s significance. Since its inception in 2019, La Perfumerie has captivated the Sri Lankan market with its exquisite perfumes crafted using high-quality, locally and internationally sourced-essential oils. Their initial online success quickly became a thriving business with three physical stores in Colombo and Dehiwala. This latest expansion to Kandy signifies La Perfumerie’s commitment to offering its unique fragrance experiences to a broader audience. With over 50,000 unit sales already achieved, the brand has captured the hearts (and noses) of fragrance enthusiasts both locally and internationally. A Celebration of Fragrance and Sustainability The new Kandy store promises to be a haven for fragrance lovers, offering a curated selection of La Perfumerie’s signature scents. But the experience goes beyond just the captivating aromas. Here’s what sets La Perfumerie apart: ? Crafted with Nature’s Finest: La Perfumerie uses high-quality essential oils, absolutes, and natural isolates. Key ingredients like Ceylon cinnamon, jasmine, Sri Lankan oud, and sandalwood create a truly Sri Lankan olfactory journey. ? Minimalist Elegance: Their minimalist glass bottles feature clean lines and elegant labels. Each bottle is a canvas for the fragrance within, reflecting a commitment to beauty and functionality. ? Long-Lasting Impression: La Perfumerie scents are designed to last for 12 hours or more. The moderate sillage (trail) leaves a subtle but memorable presence, ensuring you make a lasting impression. ? Sustainable Practices: La Perfumerie’s eco-conscious packaging reflects its commitment to the environment. It uses recyclable materials and reusable boxes, minimizing its environmental footprint. With a dedication to quality, innovation, and sustainability, La Perfumerie invites fragrance lovers in Kandy to explore a world of exquisite scents while positively impacting the planet.
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As AI technology continues to make waves globally, MSI, a leading laptop brand, has adeptly navigated this transformation. They maintain a high standard of professionalism and are committed to producing powerful devices without compromising on their elegant design. They keep abreast of rapid technological advancements, ensuring their products are not only aesthetically pleasing but also equipped with cutting-edge technology. MSI is thrilled to introduce the Claw, a revolutionary handheld gaming device that heralds a new age in the world of portable gaming experiences. Powered by Intel Core The MSI Claw is leading the way with its substantial 53Whr battery capacity, which is the biggest in its category. It offers an impressive battery life of 2 hours even under heavy usage. This means gamers can have longer gaming sessions without the concern of their device running out of power. MSI is thrilled to introduce the Claw, a revolutionary handheld gaming device that heralds a new age in the world of portable gaming experiences. In collaboration with AuthorizedHQ, a trusted value-added distributor for MSI, the Claw promises to redefine the gaming landscape. Take advantage of the opportunity to dive into the lavish gaming world with MSI’s flagship handheld gaming device, “The Claw,” in partnership with AuthorizedHQ. Powered by the Intel Core Company Name – AuthorizedHQ Pvt Ltd MSI Twitch: twitch.tv/msigaming MSI GAMING: https://www.msi.com/ MSI Facebook: https://www.facebook.com/MSIGamingSriLanka MSI Instagram: https://www.instagram.com/msigaming/ MSI TikTok (Sri Lanka): https://www.tiktok.com/@msi_srilanka?lang=en MSI YouTube: https://www.youtube.com/user/MSIGamingGlobal MSI Twitter: https://twitter.com/msitweets Subscribe to MSI RSS Feeds via https://www.msi.com/rss for real-time news and more product info.
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 The opening race for the RTC Nuwara Eliya Tourism race day, a card of 5 races were lined up with the main event for the day Nuwara Eliya Tourism race day trophy. The first race for the day was for horses rated 00-20 with 4 horse competing. As ZULU FANTASY woned by Mrs. Dagmar Woehrl and trained by S.D. Mahesh is in great form after its 2nd on the opening day, led the field from the gates to winning post making a easy ride for Jockey Akash Agarwal who opened his account at the Nuwara Eliya race club. Jockey L. Ravi Kumar gave STORMONT a horrific ride, travelled wide and towards the rear of the field to finish a good 2nd. The daughter of Samarinda KRABI ridden by jockey P.S. Kaviraj was very hopeful to be winning but had to settle for 3rd place. NAGADA who was imported from India by a new owner Dr Kushan Harsha Pathirana ran first time on a left handed track and could only manage to complete the board. The second race of the day was for horses 40-60 running over a mile with a small field of 4 runners with LEGENDRY PRINCESS running start to finish for a impressive win, after registering a good second in its last outing was this time guided by Mumbai based jockey P.S. Kaviraj riding a perfect race registering a good double for tainers S.D. Mahesh. MEHERAN perfectly ridden by champion jockey of Hyderbad Race Club P. Sai Kumar urged his mount to snap LEGENDARY PRINCESS mission in the final furlong but her lead kept her going and MEHERAN had to settle for 2nd position. SANTOS with Akash Agarwal toiled hard without making any impression though he races abreast of the front runners for a furlong after the start of the race. COSMIC FEELING jumped awkwardly from the gates, unbalancing and upsetting her rider, who absolutely showed no interest in the race. The third race of the day was a terms race running over a mile with a field of 4 runners. HERE AND NOW was strongly fancied to win after its impressive win on the opening day but showed no initial speed and languished in the rear before warming up to put a strong fight to display a tame third. Trainer Mathialagan’s ward ANOTHER ACE perfectly ridden by Sai Kumar showed a good presence of mind to move away and overhaul from the front runners who were cutting pace each other and ROYAL CRYSTAL from the stables of S.D. Mahesh was the most impressive runner comfortably placed behind the front runners in fourth place and started to improve when the field came into the home stretch displaying a good turn of foot to swoop down on ANOTHER ACE but had to settle up for second place, who found his moorings quite late. The fourth race of the day was sponsored by Wijaya Newspaper and a race tailored for horses 20-40 with 5 runners facing the starters. BIG TREASURE imported from India had the benefit of run on this Nuwara Eliya track registered its first win aptly ridden by P. Sai Kumar from start to finish mission thereby registering a good double for the combination of owners Mr Hasanga Jayaratne, Paba Jayaratne and trainer S.V. Mathialagan. QUEENS HALL ridden by K. Rajesh was throughout the race chasing the stablemate in vain had to settle for 2nd position. GLITTERING a moody mare had initial traffic problems afterjumping out of the gates and could only manage 3rd position with MYSTIC FLAME filling the berth. The fifth was reserved to 3/4 bred horses sponsored by Edwards Collection confined to local jockeys who were barred to make use of the whip had a field of 4 runners with CROWN FRIED shedding its maiden and winning the race comfortably. NONIS with L. Ravi Kumar made every attempt to upstage the winning flag of CROWN FRIED but failed and had to settle for 2nd position. MAALI who had previously won in her outing ran a disappointing race and settled for 3rd position and TIME TO SAY GOOD BYE filling up the judge’s placing. The post Royal Turf Club Nuwara Eliya Sports Tourism Race Day 2024 appeared first on NewsWire. | ↑ |
Mr. Indika Ranaweera -NDB VP SME, Middle Markets and Business Banking presenting the token of appreciation to Dr. Kinsgley Bernard, the Chairman of EDB with Mr. Kelum Edirisinghe – NDB CEO.
Mr. Sanjaya Perera – NDB Personal Banking & Customer Experience presenting the token of appreciation to Ms. Ayesha Ashanthi, the Commissioner of IRD with Mr K.V. Vinoj – NDB DCEO. NDB Bank proudly hosted an Exporter Forum on March 26, 2024, aimed at fostering collaboration and driving economic recovery and growth in Sri Lanka. The event, held at the Ramada Hotel, brought together industry leaders, policymakers, and exporters to discuss strategies for boosting foreign exchange earnings and supporting the nation’s prosperity. Helmed under NDB’s ‘Jayagamu Sri Lanka’ platform, which aimed at extending financial and non-financial support to Small and Medium Scale Enterprises (SMEs), emerging exporters, aspiring entrepreneurs, and enthusiastic innovators in Sri Lanka, the forum strived to empower local businesses and bolster the nation’s economy. The exporter forum and the Bank’s numerous strategic partnerships reaffirmed its role as a catalyst for growth in the export sector. NDB’s CEO, Mr. Kelum Edirisinghe, underlined the Bank’s dedication to empowering exporters and facilitating their success in the global marketplace. In recognition of the invaluable contributions to the export sector, the Bank presented tokens of appreciation to Dr. Kinsgley Bernard, the Chairman of the Export Development Board (EDB), for his insightful speech on “Opportunities for Exporters and the Current Business Environment,” while Ms. Ayesha Ashanthi, the Commissioner of the Inland Revenue Department (IRD), was also rewarded for sharing her valuable expertise on “Applicable Tax Systems for Exporters.” The Exporter Forum provided a platform for NDB to showcase its comprehensive suite of offerings tailored to meet the unique needs of exporters, including financial solutions, strategic guidance, global market connections, and non-financial support services, including its flagship digital offerings, NDB Neos Biz and Neos Corporate, aimed at empowering corporates and SMEs. As the nation navigates through unprecedented economic challenges, NDB is dedicated to supporting exporters and fostering a resilient and thriving export industry. Together with its clients and partners, NDB strives to unlock opportunities, drive innovation, and contribute to Sri Lanka’s journey towards prosperity. NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the “Top 50 Best Workplaces in Sri Lanka 2022” by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.
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Colombo, Sri Lanka – March 29, 2024: The eagerly awaited Ideal Home Show 2024, slated for April 6th and 7th from 10:00 am to 10:00 pm at the illustrious Taprobane – Entertainment venue in Colombo 08, signifies a pivotal moment in the realm of home exhibitions. The event aims to bring a diverse range of products and services, accompanied by enticing discounts and special offers. This pioneering event will feature four main attractions: the Ideal Home Show, the Affordable Property Show, a Food Festival, and a Kids’ Zone, catering to a wide range of interests. Organized by LankaPropertyWeb (LPW), the foremost property portal in Sri Lanka with an annual audience of over 6 million visits, LPW has continuously strived to innovate and elevate the industry’s standards. The Ideal Home Show 2024 represents a new concept in home expos, serving as a platform for exhibitors to showcase their products and services to a diverse audience. The Ideal Home Show Expo will showcase household items, construction materials, and solar solutions from renowned global brands, alongside quality products from local small business owners, all under the umbrella idealhome.lk, where visitors will have the opportunity to explore a curated selection of offerings designed to enhance their living spaces. In addition to the exhibitions, attendees can look forward to an affordable property show, where agents and developers highlight budget-friendly properties. The Food Festival promises a gastronomic delight, featuring a delectable array of goods and treats for all palates. In contrast, the Kids’ Zone offers entertainment and activities to keep the little ones engaged and entertained. This event is a natural extension of the highly successful Lanka Property Show, which has dominated the property exhibition scene since 2017. The Ideal Home Show promises to deliver an unparalleled experience for both exhibitors and visitors alike, with LPW’s vision to develop it into Sri Lanka’s premier home and lifestyle exhibition. By offering both established brands and emerging businesses the opportunity to showcase their offerings, the event aims to set new standards in the industry. Join us at the Ideal Home Show 2024 and be part of this groundbreaking event that redefines home expos. Experience the best at home and lifestyle offerings and embark on a journey of inspiration and innovation. For the latest updates and comprehensive information about the event, visit Ideal Home’s official events page at idealhome.lk/events/ or reach out to Kasun Wijekoon at kasun@lpw.lk or 077 971 9719.
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