• Establish a National Maritime Development Authority to oversee port expansions and ensure international best practices.
• Form Public-Private Partnerships (PPPs) with global firms to fast-track the development of Sri Lanka’s ports.
• Offer tax incentives to logistics startups working on digital solutions for maritime trade.
• Establish Maritime Training Academies to develop the next generation of port engineers, analysts, and logisticians.

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National Development Bank PLC (NDB) proudly celebrates the recognition of its top leadership team at the prestigious Global CEO Awards Night 2024, at the ITC Ratnadipa in Colombo. This inaugural event, heralded as the “Oscars” of Sri Lanka’s business world, honoured exemplary leaders for their resilience, excellence, and visionary leadership in navigating the challenges of today’s dynamic business environment. Seven of NDB’s distinguished leaders were celebrated for their outstanding contributions: Kelum Edirisinghe, Director/CEO; KV Vinoj, Deputy CEO; Hasitha Attapaththu, Vice President, Finance; Shehani Ranasinghe, Vice President, Company Secretary; Zeyan Hameed, Vice President, Branch Network Management & Product Development; Alex Perera, Vice President, Chief Risk Officer; and Darshana Jayasinghe, Assistant Vice President, Head of Marketing. The Global CEO Awards Night 2024 marked a historic milestone as Sri Lanka’s first event of its kind, dedicated to honouring 50 visionary CEOs and their teams for outstanding leadership and achievements. The recognition process was overseen by a distinguished panel of professionals from various industries and rigorously audited to ensure transparency and fairness. Speaking on this monumental occasion, NDB CEO Kelum Edirisinghe remarked, “This recognition is a testament to the collective dedication and strategic foresight of the entire NDB team. It reflects our commitment to driving excellence and innovation, not only for the benefit of our stakeholders but also in contributing to Sri Lanka’s economic resilience and growth.” The accolades underscore NDB’s position as a leader in the banking sector, driven by a visionary leadership team that continuously adapts to challenges while maintaining a sharp focus on innovation, customer-centricity, and sustainable growth. The recognition of NDB’s leadership at the Global CEO Awards serves as a testament to the bank’s strategic vision and its enduring impact on Sri Lanka’s financial landscape. NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka’s Best Bank for Corporates at Euromoney Awards for Excellence 2024 and was awarded Domestic Retail Bank of the Year – Sri Lanka and Sri Lanka Domestic Project Finance Bank of the Year by Asian Banking and Finance Magazine (Singapore) Awards 2024. 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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HUTCH is lighting up the Sri Lankan skyline with the tallest Christmas Tower the country has ever seen – “The Christmas Innovation Tower”. What was once seen as a day-to-day cell tower has been transformed into a striking symbol for hope, inspiring everyone as we enter the new year, to think differently to make remarkable progress. The record tower soaring 282 feet (86 meters) into the sky is situated at the HUTCH Data Center in Walpola, Ragama in the district of Gampaha, and can be seen from many miles away. The Christmas Innovation Tower lights up on Christmas Eve, 24th December 2024, standing tall as a beacon for inspiration to all Sri Lankans. Public are warmly invited to visit and safely view this spectacular display, celebrating the season of joy and creativity together. The Christmas Innovation Tower is a testament demonstrating how we can transform everyday things we easily overlook into creating something great. At Hutch, we’re more than just a network provider—we’re enablers of progress, empowering Sri Lankans to explore new options and possibilities with the resources available. The Christmas Innovation Tower, whilst it celebrates the season’s festive spirits, is a call to action for every Sri Lankan to embrace their innovative spirit as well and transform challenges into greater opportunities,” said Hamdhy Hassen, CMO, Hutch Sri Lanka. Sri Lanka is a nation rich in potential, and exploring our talent creativity and resourcefulness further can propel the country and Sri Lankan lives into soaring heights. The Christmas Innovation Tower embodies this spirit, reminding us that no matter our circumstances, innovation and a little imagination can achieve extraordinary things. The tower symbolizes the potential we all have to reimagine the world around us.

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For the first time Weligama Bay Marriott Resort & Spa came forward to host ‘Road to Give 2024’ CSR initiative on October 10, to raise much needed funds for the SOS Children’s Village in Galle. As a part of this initiative the Weligama Bay Marriott Resort hosted a Beach Walk and a Zumba session (by NICO Zumba in Colombo) in the morning to create awareness among the SOS Children’s Village among the community. The General Manager – Weligama Bay Marriott Resort & Spa, Piyush Tyagi, said that globally Marriott Resorts  have come on Board for these kind of inspiring initiatives and said that this is the first time they got involved in the ‘Road to Give 2024’ and hope to host this event annually. The event aims to enhance the lives of the children at the village in Galle by providing much-needed resources for their education and well-being and as an initial commitment the hotel also provided a sponsorship of Rs. One million at the end of the event. Road to Give unites associates, guests and communities across the Asia Pacific region in a collective effort to support meaningful local causes. “Beyond this we also hope to conduct some initiatives at the SOS Children’s Village in Galle updating the youth there on the mass local and global opportunities that awaits them in the hospitality filed and motivate them to get involved in the industry in the future.” Piyush Tyagi stated. SOS Children’s Villages Sri Lanka has been actively engaged in providing a stable, family-like environment for children for 43 years, operating six Children’s Villages and caring for over 800 children. National Director of SOS Children’s Villages Sri Lanka, Divakar Ratnadurai said, “We are deeply moved by the generosity and compassion demonstrated by Weligama Bay Marriott Resort, their dedicated team, and all those who took part in Road to Give 2024. For the children in our care, this event means far more than just donations this initiative conveys a powerful message that they are seen, valued, and supported. Many of these children have endured unimaginable challenges, but today, thanks to your kindness, they can dream bigger and believe in a brighter, more hopeful future.”

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Christmas is synonymous with love, joy, and one more thing—the cheerful, jolly man who has been part of our childhood for as long as we can remember. No matter how old we get, the sight of Santa still stirs up that childlike wonder—whether it’s in festive ads, decorations glowing on streets, or someone dressed in the iconic red suit. Santa has a way of making us believe in magic, all over again. That same magic unfolded for a little boy in the late ’90s—one you may recall from a beloved Coca-Cola commercial. He was the first to spot the bright red trucks rolling into town, bringing with them the unmistakable spirit of Christmas. Excited, he ran all the way to the bell tower, ringing it with all his might to announce their arrival. But by the time he returned, the procession had already passed. The look of disappointment on his face was universal; anyone watching felt it too. Yet, just as hope seemed lost, the last truck rolled by, revealing a familiar bottle—like magic. The boy’s smile returned, but it was the winking Santa on the truck that lingered in everyone’s hearts. That is the thing about Coca-Cola and Santa. It is not just the red and white. It is the nostalgia that comes alive every season. It is the rosy cheeks, snowy beard, and jovial demeanor. It is Santa that embodies the spirit of the season. The much-loved image of Santa we cherish today owes much to Coca-Cola. This holiday season seems like the perfect timing and setting to take a glimpse through the rich history of Santa Claus, exploring how Coca-Cola played a pivotal role in creating the modern-day Santa and celebrating other memorable Christmas moments from the brand. The Origins of Santa Claus The legend of Santa Claus can be traced back to the 4th century with St. Nicholas, a Greek bishop known for his acts of charity, particularly towards children and the poor. His legacy of gift giving laid the foundation for the modern Santa Claus. The name “Santa Claus” though evolved from the Dutch word “Sinterklaas” which was based on St. Nicholas and his charitable deeds.  By the late 18th century, Dutch families celebrated St. Nicholas in New York, and his image began to shift from a solemn bishop to a more jovial figure associated with Christmas festivities. This transformation of Santa continued throughout the 19th century, influenced by various literary works. One significant piece was Clement Clarke Moore’s poem ” Twas the Night before Christmas” published in 1823, which introduced many elements of the Santa mythos we recognize today, such as his sleigh and reindeer. Moore’s depiction of a plump, cheerful man in a red suit set the stage for the Santa we recognize today. Coca-Cola and the Reinvention of Santa Claus Before Coca-Cola’s involvement, Santa Claus had been depicted in various ways—sometimes as a tall gaunt man and an elf —there was even a scary Claus. However, this changed dramatically in 1931 when Coca-Cola commissioned illustrator Haddon Sundblom to create a series of advertisements featuring Santa Claus where he drew inspiration from Moore’s poem. Those paintings established Santa as a warm, happy character with human features, including rosy cheeks, a white beard, twinkling eyes and a red-and-white suit, a color scheme that coincidentally matched Coca-Cola’s branding solidifying this association in popular culture. While other depictions of Santa existed, Sundblom’s version resonated deeply with the public, embedding itself in collective joyous memories. These advertisements were not just illustrations; they told stories. Santa appeared in cozy living rooms, sharing a Coke with children, and even enjoying a refreshing sip himself after a long night of delivering gifts. The message was clear: Coca-Cola was not just a beverage; it was part of the holiday magic. A Toast to Coca-Cola’s Christmas Magic Coca-Cola’s Santa became a cultural icon, appearing in annual holiday campaigns for over three decades. One of the most memorable campaigns featuring Santa Claus was the 1940 ad that depicted him holding a bottle of Coca-Cola while mischievously raiding the refrigerator. This playful portrayal further endeared Santa to audiences intertwining his association with Coca-Cola and Christmas. Even today, Coca-Cola’s “World Needs More Santas” campaign continues to inspire with its powerful message of kindness and generosity. The ad itself beautifully illustrates the idea that Santa’s spirit is not just for the holiday season but is something we can all embody in our daily lives. In this heartwarming commercial, viewers are taken through a series of scenes where groups of Santa Clauses—each acting out small, yet meaningful acts of kindness—help one another in simple, but profound ways. From sharing the last bottle of Coke in a vending machine, to hailing a cab for a person with their hands full, to holding the door open for someone on a crowded train, these Santas embody the spirit of giving that defines the season. As the ad unfolds, the viewer is taken on a beautiful transition from these iconic scenes of holiday cheer to real-life moments, revealing that these “Santas” were not just holiday figures. They were everyday people who chose to share kindness and love, bringing their own version of Santa’s joy into the world. The beauty of the ad lies not just in its visuals, but in the message it sends—that anyone, anywhere, can channel their inner Santa and spread a little bit of magic in the world. Coca-Cola’s relationship with Christmas is a testament to the brand’s ability to create lasting traditions. As we sip on a bottle of Coca-Cola this season, let us remember the joy and kindness that Santa represents. After all, the magic of Christmas lies not just in the presents or the decorations, but also in the moments of connection and generosity that bring us closer together. So, here’s to Coca-Cola—for reminding us that the world could always use more Santas.

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Ringing in the Christmas season with joy and happiness, Sri Lanka’s leading private sector bank, HNB PLC, recently hosted the annual carol service themed ‘O Come, All Ye Faithful’ at HNB Towers. Rt. Rev. Dr. Valence Mendis, Bishop of Kandy diocese attended the festivities as the Chief Guest and was accompanied by HNB’s Chairman Nihal Jayawardana, Managing Director / CEO Damith Pallewatte, COO Sanjay Wijemanne, corporate and senior bank officials, staff / Retired staff and families came together to enjoy the carols performed by the Hatna family choir. Giving his Christmas message and blessings for the evening, Rt. Rev. Dr. Valence Mendis stressed In the First Book of the Bible, it is said twice that God created human beings in His own image, showing the dignity of human life. When we misused our freedom, we lost our initial dignity and hope, but God’s love did not give up on us—this is what Christmas is about. At the HNB carol service, the choir’s performance beautifully captured this message, reminding us of the enduring hope that God’s love brings this Christmas. Meanwhile, HNB MD/CEO Damith Pallewatte in his message to  the Hatna family, emphasized that improvement in the country can only take place with the commitment of all towards bringing about positive change. Led by choirmaster Shanaka Senanayake, the HNB choristers presented a range of Christmas carols in English, Sinhala and Tamil, captivating the audience.

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TikTok, the world’s leading short-form video platform, has selected Aleph, a global pioneer in digital advertising solutions, as its official reseller partner in Sri Lanka. This partnership marks an exciting development for Sri Lankan brands, agencies, and businesses, providing them with new opportunities to leverage TikTok’s unique ad formats and rapidly growing local user base. With TikTok’s advanced advertising solutions, Aleph will support local businesses in reaching highly engaged Sri Lankan audiences in innovative and impactful ways. From small enterprises to established brands, Sri Lankan advertisers can now benefit from TikTok’s creative, immersive ad formats, designed to drive deeper connections with audiences across the country. “Our sales partnership in Sri Lanka reinforces TikTok’s position as the premier platform for short-form mobile video,” said Ignacio Vidaguren, Chief Operating Officer and Partner, Aleph Holding. “We’re dedicated to empowering advertisers of all sizes – agencies, SMBs, and beyond – to harness TikTok’s creative tools and connect with its vibrant community. Through local expertise, education, and unwavering support, we’re making digital advertising accessible to everyone in Sri Lanka.” Faiza Zafar, Partnership Manager, Global Business Solutions for Pakistan, Bangladesh and Sri Lanka at TikTok, added, “We are excited to expand TikTok’s reach in Sri Lanka with Aleph as our trusted partner. Sri Lankan brands will now have exclusive access to TikTok’s engaging ad solutions that go beyond what other platforms offer. As TikTok’s presence grows in Sri Lanka, our focus remains on empowering the local creative and business ecosystem.” This partnership, which launched in early 2024, will enable brands in Sri Lanka to tap into TikTok’s energetic user base with tailored local support, paving the way for innovative and memorable campaigns on one of the world’s fastest-growing social platforms.

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The ‘Varsity Battles’ 2024, the second edition of the inter-university capital market quiz competition organized by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), concluded on a high note at The Epitome, Kurunegala. This prestigious event saw participation from 38 teams representing 13 state universities, showcasing the intellectual caliber and enthusiasm of Sri Lankan undergraduates. The winning team, the Faculty of Law (Team 01) from the University of Colombo, emerged victorious after an intense series of rounds, securing the championship along with a cash prize of Rs. 400,000. The first runner-up, the Faculty of Commerce and Management Studies (Team 01) from the University of Kelaniya, received a cash prize of Rs. 300,000, while the Faculty of Medicine (Team 01) from the Sabaragamuwa University of Sri Lanka the second runner-up, walked away with Rs. 200,000. Participants were tested on their knowledge across a variety of topics, including global markets, general knowledge, Sri Lankan economy and business, current affairs, sports, and entertainment, as well as their understanding of the capital market and financial securities management. The inaugural rounds of the competition consisted of inter-faculty competitions conducted in three clusters to select the leading teams from each of the 13 state universities. The event culminated in an electrifying finale, where the top-performing teams competed head-to-head for the coveted title. The SEC and CSE extend their gratitude to the sponsors who contributed to the success of this event: Platinum Sponsors, Bartleet Religare Securities (Pvt) Ltd and First Capital Holdings PLC, along with Co-Sponsor, Motorola by Abans. The evening concluded with a fellowship for participants, celebrating their achievements. Varsity Battles 2024 continues to serve as a platform to inspire, educate, and challenge Sri Lanka’s brightest university students, shaping the next generation of financially literate citizens.   Image  Caption : The Faculty of Law (Team 01) from the University of Colombo, Ultimate Champion of Varsity Battles 2024 Quiz Competition

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Sri Lanka’s athleisure scene is undergoing a transformation, thanks to Aura Active, a brand redefining what it means to look good, feel good, and stay active. Designed exclusively for women, Aura Active combines high-quality, stylish, and versatile clothing with a mission to promote inclusivity and encourage women to embrace healthy, active lifestyles. Founded with a vision to create more than just apparel, Aura Active is about building a community of empowered women. Every piece is meticulously crafted to suit the diverse needs of women—whether it’s hitting the gym, running errands, or relaxing in comfort. Aura Active’s designs embody a modern, minimalist aesthetic, with colors that exude elegance and strength: the soft hues of Blush, the bold depth of Midnight, and the sleek confidence of Onyx. But Aura Active is more than just fashion. It’s a movement. By championing women’s sports and inclusivity, the brand has become a beacon for celebrating women’s achievements on and off the field. “Our goal is to inspire women to feel confident and capable in every aspect of their lives,” says the founder Amani Nawushad. With its first pop-up event happening on December 22nd, Aura Active invites everyone to join this exciting journey. Attendees can experience the collection firsthand, meet like-minded individuals, and become part of the Aura Active community—a space where empowerment and style go hand in hand. From its chic designs to its empowering message, Aura Active is setting a new standard in Sri Lankan fashion, proving that strength, style, and sisterhood are the ultimate combination. Join the movement and follow Aura Active Club on Instagram for updates and inspiration.

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Pegasus Reef is thrilled to conclude the festive season with “Crimson Eve”, a grand year-end celebration, on the 31st of December 2024. Crimson Eve aims to provide a distinctively tropical take on customary celebrations and promises a memorable evening filled with vibrant entertainment, fine dining, and joyful companionship. A visual and sensory feast that transforms the evening into an island paradise, the event’s theme celebrates the rich crimson hues of celebration intertwined with tropical charm. The sophistication of the year-end celebrations will blend with the warmth of the tropics to create an atmosphere that will leave guests with priceless memories. Pegasus Reef extends a warm invitation to everyone to attend Crimson Eve, a colorful event that will cap out 2024 on a high note. A sumptuous dinner buffet including a variety of culinary treats and live performances by the dynamic band Freeze and DJ Beats, are planned for the evening. Crimson Eve, blending sophistication, heaps of fun, and a touch of the tropics, is the ideal setting to welcome 2025 with loved ones in grand style. Earlier in November, Pegasus Reef kicked off their festivities with the traditional Christmas cake mixing ceremony, and the ceremonial Christmas tree lighting happened in early December. Families and guests joined in the warmth and excitement of the celebrations as these gatherings celebrated the holiday spirit in style. Santa Claus, who had traded in his cold North Pole for a tropical retreat presented himself at the events to the delight of guests of all ages present. Renuke Coswatte, General Manager of Pegasus Reef, shared his enthusiasm. “We at Pegasus Reef take great pleasure in giving our visitors memorable joyful experiences. This year, Crimson Eve perfectly captures the essence of tropical celebrations, providing a lively, family-friendly setting where customs and the allure of our stunning setting collide. We are excited to have everyone join us in celebrating an end of another year and to usher in an exciting new year together.” The Pegasus Reef offers something unique for every guest, whether they are a family wishing to spend quality time together, a couple seeking a romantic year-end getaway, or a tourist hoping to take in Sri Lanka’s festive atmosphere. Pegasus Reef is known for hosting spectacular events and continues to set the standard for high-end events in a tropical paradise. To ensure that you don’t miss Pegasus Reef’s year-end gala, reserve your spot for Crimson Eve now. Call 0112049600 to contact Pegasus Reef Hotel for additional details. You can follow them on Instagram at instagram.com/pegasusreef_wattala and Facebook at facebook.com/pegasusreefwattala.  To view all their offerings, go to www.pegasusreefhotel.com. The Pegasus Reef, the premier destination for festive joy and tropical grandeur, is the perfect place to celebrate the conclusion of another year and welcome 2025.

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In the intricate world of fashion, where every thread tells a story, House of Janaan has woven an extraordinary narrative of cultural celebration and contemporary design throughout its inaugural year. What began as a passionate vision has blossomed into a transformative journey that reimagines Pakistani heritage through the lens of modern sophistication. The brand’s trajectory is a testament to its Founder, Sarah Illyas’s visionary approach. From an intimate pop-up event in 2018 to the grand unveiling of their flagship store in December 2023, House of Janaan has consistently pushed the boundaries of design. Now celebrating their first-year anniversary, the brand launched a special collaboration with Kingsman Studio and unveiled the ‘Janaan Festive Collection’. Another significant milestone celebrated recently was the brands first international pop-up in Malaysia, recording its highest sell-through to date. Highlighting this journey, Sarah Illyas, Founder, House of Janaan stated: “With over a decade of experience in fashion, I knew I carried a vision that was more than just a business—it was a calling. Our brand is more than just clothing. We are creating a sanctuary that celebrates the very soul of Pakistani heritage, carefully reinterpreted for the contemporary woman. Each piece is a reflection of my personal growth, my passion for fashion storytelling, and my commitment to bringing a piece of rich tradition to the global fashion landscape.” The past year has seen House of Janaan expand its creative horizons with key milestones and moments that created a lasting impact in the fashion industry. The “Jawahir” collection, unveiled in this landmark store, epitomized the brand’s ethos—a delicate dance between traditional craftsmanship and contemporary elegance. Each piece was meticulously crafted, telling a story of cultural richness and modern aspiration. The inaugural Eid collection in April 2022 marked a significant triumph, blending traditional celebration with contemporary flair. In addition, the House of Janaan’s first Eid Bazaar welcomed over 350 visitors and showcased 22 carefully curated vendors, transforming a simple collection launch into a vibrant cultural experience. A distinctive pinnacle of the year was the launch of the brands first bridal collection—a breathtaking ensemble in a unique baroque bronze, adorned with hand-embellished details that promised to last a lifetime. Each piece was a carefully constructed narrative of love, tradition, and personal expression. The collaboration with Kingsman Studio further showcased the brand’s innovative spirit, introducing a one-of-a-kind waistcoat collection that blended traditional tailoring with contemporary design. Looking ahead, House of Janaan remains poised for continued growth ensuring its vision extends beyond borders, promising collections that will continue to celebrate the nuanced beauty of cultural expression, one exquisite piece at a time. With plans to expand its Bridal Collection and continue its mission of bringing refined craftsmanship to a global audience, House of Janaan stands steadfast to redefine the landscape of contemporary fashion. The anniversary ‘Janaan Festive Collection’ at the House of Janaan will be available to purchase at No 1, 33rd Lane, Off Bagatalle Road, Colombo 3 from 10AM to 7PM from Monday to Sunday. Sarah Illyas Agha Babar, Sarah Illyas with Ayaan, Arissa and Ayden The beautiful House of Janaan House of Janaan Bridals Kingsman Studio x House of Janaan At the One Year Anniversary of House of Janaan At the One Year Anniversary of House of Janaan 2 Celebrating One Year

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Emerald Inte, Sri Lanka’s premier menswear brand, is redefining its legacy with its “Re-Imagine Emerald” rebranding campaign. This initiative unveils a modern new logo and repositions Emerald as a brand that delivers style for every man and every moment. While Emerald has long been synonymous with impeccable formalwear, it’s time to reimagine the brand’s offerings. Emerald isn’t just about formals anymore—it’s about versatile menswear that adapts to the diverse needs of today’s men. Emerald’s rebranding is not just about a new look; it’s about expanding our horizons,” said Ahmed Ikram, Chief Business Officer of Emerald International. “We want people to know that Emerald is no longer just about formals—it’s a brand that offers everything you need to create a complete wardrobe. From office-ready formals to relaxed casuals and head-turning evening attire, including Shirts, Polos, crewnecks, Denim, Utilitech Chinos, and Cotton Chinos, we have something for every man.” Emerald’s modernized logo encapsulates this sleek, bold, and timeless transformation. It’s a visual representation of a brand evolving to meet the demands of a new generation while remaining a trusted name for its loyal customers. Discover the versatility and elegance of Emerald at your nearest showroom and explore a brand that’s truly reimagined for every man and every moment.

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Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework established in the MOU signed by Nissan and Honda on August 1 regarding the commencement of a strategic partnership focused on intelligence and electrification. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions.

Following the agreement between Nissan and Honda to start consideration toward a business integration through the establishment of a joint holding company amid the dramatic changes in the environment surrounding both companies and the automotive industry, the three companies have agreed to explore the possibility of achieving synergies at an increased level through Mitsubishi Motors’ participation or involvement in the business integration. Mitsubishi Motors aims to reach its conclusion by the end of January 2025 on the participation or involvement in the business integration between Nissan and Honda.

Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan’s partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.“

Honda Director and Representative Executive Officer Toshihiro Mibe said: “At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors’ participation in the business integration discussions of Nissan and Honda will lead to further social change, and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors.”

Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said: “In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximization effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realize synergies and to make the best use of each company’s strengths, we will also study the best form of cooperation.”

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Galle Face Hotel is proud to announce its outstanding success at the Sri Lanka Tourism Awards 2024, securing multiple accolades that highlight its enduring legacy, culinary excellence, and commitment to world-class hospitality. The hotel was recognized as the Best Heritage Hotel. South Asia’s leading Grande Dame, the Galle Face Hotel, is testimony to both Sri Lanka’s colonial past and its independent present. Celebrated within the hospitality world, it blends historical splendour with crafted modernity to form a new model for heritage properties. International guests are immersed in the Galle Face Hotel’s rich traditions and compelling stories, while Colombo society perceive the hotel as the most prestigious, desirable destination in the city for memorable dining and special events. Furthering this recognition, Chef Rukmal Samarasekera, the hotel’s Director of Culinary, was honoured with the Best Chef of the Year Award for his creative culinary efforts in elevating Sri Lankan cuisine to international prominence. Additionally, the hotel’s signature fine dining venue, 1864 Limited Edition, was awarded the Best Contemporary Fine Dining – Elevated Fusion Sri Lankan Cuisine restaurant, acknowledging its innovative approach to blending Sri Lankan artistry with gastronomic finesse. These accolades are a reflection of the visionary leadership of Group Chairman of the Galle Face Hotel Management Company Sanjeev Gardiner whose unwavering commitment to preserving the hotel’s rich heritage while ensuring its continued relevance in the modern hospitality landscape has been a cornerstone of its success. Under his leadership, Galle Face Hotel has remained an enduring symbol of Sri Lanka’s history and culture, while continually setting benchmarks in the industry. Furthermore, his support has been pivotal to make Sri Lanka as a sought after unique destination for experience seeking travellers through culture, art, culinary and fashion. Rohan Fernandopulle, General Manager of Galle Face Hotel, expressed his pride in the recognition; “These awards are a celebration of our commitment to excellence and our passion for showcasing the best of Sri Lanka’s heritage and hospitality. From the unique architecture to our culinary innovations, we strive to offer guests experiences that are truly unforgettable. This success would not have been possible without the dedication of our exceptional team.” The hotel extends its heartfelt gratitude to its loyal guests and dedicated staff, whose continued support has been integral to these achievements. With over 160 years of history, Galle Face Hotel remains steadfast in its mission to deliver exceptional hospitality while celebrating Sri Lanka’s cultural and culinary heritage.   Image Caption : Galle Face Hotel celebrating multiple accolades at Sri Lankan Tourism Awards.

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Siyapatha Finance PLC hosted its highly anticipated annual event, Siyapatha Night 2024, on November 16, 2024, at the prestigious City of Dreams, Cinnamon Life, Colombo. The event brought together over 1,000 employees from 53 Siyapatha Finance branches across the island, offering a platform to foster fellowship, celebrate achievements, and embrace the company’s vibrant corporate culture. The evening commenced with inspiring addresses from the company’s leadership, which included Chairman Sumith Cumaranatunga, Managing Director Ananda Seneviratne, and Chief Human Resources Officer Prasad Udugampola. Commenting on this milestone occasion, Siyapatha Finance PLC Managing Director, Mr. Ananda Seneviratne, shared: “Siyapatha Night is a tribute to the remarkable contributions of our employees, whose dedication continues to strengthen our journey toward success and industry leadership. Together, we continue to set new benchmarks and pave the way for a promising future.” His speech was followed by the other members of the company’s leadership team who acknowledged the invaluable contributions of each employee to Siyapatha Finance’s continued success and growth during their speeches. In a significant milestone, Siyapatha Finance launched the Siyapatha Finance Digital Academy, further embracing technological advancements to enhance its continuous learning culture. This initiative reflects the company’s commitment to staying at the forefront of the evolving financial landscape. The event also featured a lively talent show, where members of Team Siyapatha showcased their diverse skills in singing, dancing, music, and other entertainment acts. The titles of Siyapatha Queen and Siyapatha King were bestowed upon the team members selected as the winners of Siyapatha Night 2024. Siyapatha Night 2024 was a dazzling celebration of the strong team spirit and positive work culture that defines Siyapatha Finance PLC. By providing a platform for employees to connect, celebrate, and showcase their talents, Siyapatha Finance reinforced its commitment to employee well-being as the organization continues to strengthen its position as a leading financial institution and a great place to work. Established in 2005 and regulated by the Central Bank of Sri Lanka (CBSL), Siyapatha Finance has secured a reputation as a premier leasing company, renowned for its commitment to excellence and customer-centric financial solutions. With over 1000 dedicated staff members, the company has expanded its footprint to encompass 53 branches strategically located across the country. Listed on the Colombo Stock Exchange (CSE) for over a decade, Siyapatha Finance is the largest subsidiary of Sampath Bank. Its diverse portfolio includes finance leasing, loans, gold financing, fast drafts, factoring (debt financing), and a wide range of other financial services. Fitch Ratings has affirmed Siyapatha Finance’s National Long-Term Rating at BBB+ (lka) with a Stable Outlook, endorsing the company’s solid financial standing and promising growth trajectory.  

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The Colombo Stock Market extended its historic rally today (26), with the All Share Price Index (ASPI) reaching a new all-time high of 15,400.53. The ASPI gained 232.13 points, closing at 15,400.53, reflecting a 1.53% increase from the previous trading session. Meanwhile, the S&P SL20 index, which tracks the top 20 companies, also rose by 67.15 points or 1.48%, ending the day at 4,602.40. Market activity remained robust, with a turnover of Rs. 7.04 billion recorded during the day. This marks the 22nd consecutive day of gains, highlighting sustained investor confidence.

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Sri Lanka has achieved a significant milestone in its tourism sector, proudly welcoming the two millionth tourist arrival on December 26, 2024. The two millionth lucky tourist was Mr.Prasan Ingkanunt from Thailand who arrived on UL 403 for his first visit in  Sri Lanka with his wife and sister . This marks the first time since 2018—when the country recorded its highest-ever arrivals of 2.3 million—that such numbers have been reached. The achievement reflects the resilience of the tourism industry despite the challenges of the past five years. The past week recorded daily tourist arrivals exceeding 10,000—a figure expected to rise further towards the end of the month—the milestone underscores the success of combined efforts by the private sector stake holders and  Sri Lanka Tourism in ensuring a robust holiday season. Promotional campaigns and collaborative strategies have helped pave the way for this achievement, signaling a positive outlook for the future of the indsutry. Sri Lanka’s tourism industry has faced significant ups and downs since 2019, beginning with the Easter attacks, followed by the COVID-19 pandemic and an economic downturn. Despite these hurdles, the country welcomed 1.4 million tourists in 2023, and the steady growth into 2024 highlights its ability to rebound and regain its status as a sought-after destination. Strategic government intervention played a key role in this progress, with the initial step taken by the newly elected government resolving the online visa issues in September 2024 ensuring smooth travel for international visitors. The government’s recognition of tourism as a priority industry underlines its commitment to fostering an inclusive economy, with ambitious targets of 3 million arrivals and USD 5 billion in revenue by 2025. A special ceremony was held at the Bandaranaike International Airport’s Silk Route Lounge to honour the two millionth tourist. Hosted by the Sri Lanka Tourism Promotion Bureau and Airport Aviation Services Limited, the event featured traditional dance performances and the presentation of special mementos. Sri Lanka’s rich diversity continues to captivate travelers worldwide, offering everything from sun-kissed beaches to lush mountains and exotic wildlife. The country’s efforts have been recognized globally, with 21 international tourism accolades in 2024 alone. These include Forbes Magazine naming Sri Lanka the fourth most popular solo travel destination, National Geographic highlighting the Pekoe Trail as one of the world’s best hiking experiences, and the Wanderlust Gold Award for Most Desirable Island. Looking ahead, the government’s strategic direction focuses on creating a sustainable and inclusive tourism economy. Plans to extend free visas to travelers from 39 countries next year aim to further incentivize travel to Sri Lanka. Combined with robust PR and digital campaigns targeting key source markets, the industry is well-positioned to achieve its ambitious goals for 2025 and beyond. Sri Lanka’s two millionth tourist arrival is more than just a milestone—it is a testament to the enduring appeal of this island paradise and the collective efforts of its people and institutions. With continued focus and innovation, Sri Lanka is poised to build on this success and solidify its place as a premier global travel destination.

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Aitken Spence Travels walked away with the coveted title of Best Travel Agent Inbound – Large Category, Best Cruise Lines Operator and Best Professional MICE Organizer at the recently concluded Sri Lanka Tourism Awards 2024 organized by the Sri Lanka Tourism Development Authority. These accolades underline Aitken Spence Travels’ leadership and commitment to the continuous development of the tourism sector. They highlight the company’s dedication to destination marketing, innovation, best practices, and its significant contributions to uplifting industry standards and driving growth of Sri Lanka’s tourism industry. As the Best Travel Agent in the large category, Aitken Spence Travels exemplifies excellence. Furthermore, the company leads the way in cruise line operations, accounting for over 65% of the market and setting the standards for Sri Lanka as a premier multiport destination. Solidifying its strength, Aitken Spence Travels was also recognized as the Best Professional MICE Organizer. The judging criteria encompassed a broad spectrum of key performance areas, including audited financial performance, corporate social responsibility initiatives, environmental stewardship, business and marketing strategies, customer care, human resource management, and sustainability practices.  A distinguished panel of industry experts and esteemed corporate professionals were involved in the selection process where the participating companies were required to submit a comprehensive written application, certified audited accounts and deliver a presentation before the judging panel. Commenting on the achievement, Nalin Jayasundera Managing Director of Aitken Spence Travels stated, “Our unparalleled contribution has enabled us to serve over 234,976 happy visitors beyond boundaries during FY 23/24. We were the largest room inventory buyer during this period, purchasing the highest number of room nights and helping to keep the wheels of the nation’s tourism industry turning by working closely with transport, accommodation providers, and other suppliers. Furthermore, we have been the largest contributor to the Tourism Development Levy (TDL) and have significantly contributed to the growth of foreign exchange from the tourism sector. Stasshani Jayawardena, Head of the Tourism Sector for Aitken Spence PLC commented, “We are immensely grateful to our joint venture partner, TUI (the world’s largest integrated tourism company), led by TUI Travel PLC Mr. Sebastian Ebel, for their continued unwavering support. Furthermore, we sincerely thank our Chairman D. H. S. Jayawardena and Board of Directors for their invaluable guidance and confidence in our vision for sustainable growth.” Both, Stasshani Jayawardena and Nalin Jayasundera expressed their gratitude and thanks to their staff at Aitken Spence Travels for their relentless commitment and unwavering professionalism in delivering excellence every day. Furthermore, extended their heartfelt thanks to the valued stakeholders – including trusted tour operators, hotel partners, and numerous suppliers – whose continued support and partnership have been integral to our success. It is important to acknowledge that Aitken Spence Travels played a crucial role in reviving the tourism industry after the pandemic and economic crisis. The company led the way by tapping into emerging and new markets whilst traditional markets were underperforming and not generating visitors. Annual awards and recognition serve as a means to appreciate the efforts of tourism stakeholders. Aitken Spence travels is truly grateful to Sri Lanka Tourism for organizing the Tourism Awards, which, as announced during the ceremony, will henceforth be an annual event. With this monumental accomplishment, Aitken Spence Travels solidifies its position as an exemplary industry leader in Sri Lanka’s tourism sector. The company remains a leader in the organized tourism sector providing unparalleled travel experiences and elevating Sri Lanka’s position as a leading global travel destination. Nalin Jayasundera – Managing Director of Aitken Spence Travels receiving the award for the Best Travel Agent – Inbound/ Large to Aitken Spence Travels (Pvt) Ltd. Suranga Ratnayake – Vice President/ COO of Aitken Spence Travels receiving the award for Best Professional MICE Organizer to Aitken Spence Conventions & Exhibitions Aitken Spence Travels team with their awards  

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