DFCC Bank is proud to announce the dual listing of its historic Green Bond on the Luxembourg Stock Exchange (LuxSE) and display on the prestigious Luxembourg Green Exchange (LGX). This milestone follows the bond’s initial issuance and listing on the Colombo Stock Exchange (CSE) in September 2024, becoming Sri Lanka’s first-ever Green Bond. Reinforcing DFCC Bank’s leadership in sustainable finance, this achievement builds on its long-standing relationship with LuxSE, which began in 1998 with the listing of a 10-year Floating Rate Note—the first international listing of a debt security by a Sri Lankan entity. The DFCC Green Bond, which raised LKR 2.5 billion (approximately EUR 8 million), is Sri Lanka’s first capital market debt instrument dedicated to renewable energy. Its primary focus is to fund solar energy projects in support of Sri Lanka’s goal of achieving 70% electricity generation from renewable energy by 2030. While supporting this goal, the Bank aims to catalyse private investment in sustainable finance including green finance. The admission of the bond on LuxSE’s Securities Official List (SOL) enhances global visibility and demonstrates DFCC Bank’s Green Bond Framework, which adheres to the International Capital Market Association’s (ICMA) Green Bond Principles, a leading international standard for sustainable finance. Thimal Perera, CEO of DFCC Bank, remarked: “The dual listing of our Green Bond on LuxSE reflects DFCC Bank’s commitment to driving sustainable development in Sri Lanka. By channelling funds into renewable energy and climate action, we aim to create lasting positive change for the nation and contribute to a greener, more sustainable future. Leveraging this expertise, DFCC Bank is dedicated to assisting our customers in developing robust ESG frameworks and facilitating access to LuxSE for their funding requirements.” As a recognised leader in sustainable finance and renewable energy initiatives, DFCC Bank has been at the forefront of Sri Lanka’s journey towards sustainability. The Bank financed the country’s first-ever private sector mini-hydro power project, setting a benchmark for green energy development, and has co-financed other groundbreaking renewable energy projects, including Sri Lanka’s first grid scale wind, solar, and waste-to-energy ventures. Further underscoring its commitment to climate action, DFCC Bank is the nation’s only Direct Access Entity of the Green Climate Fund, actively working to reduce climate impacts while fostering long-term social and economic resilience. Laetitia Hamon, Head of Sustainable Finance at LuxSE stated: “We are delighted to welcome DFCC back to LuxSE with its inaugural green bond and to mark its debut on LGX. This issuance is a testament to the pioneering strides made by DFCC Bank in sustainable finance and highlights our commitment to international cooperation and facilitating the development of sustainable finance in Sri Lanka and other emerging markets focused on sustainable development.” This dual listing aligns with DFCC Bank’s vision to diversify Sri Lanka’s financial markets and reinforces its role as a leader in developing the nation’s environmental and societal goals through innovative financial solutions. The Bank also plans to evolve its Green Bond Framework into a Sustainable Bond Framework, broadening its impact to include social projects. The successful dual listing of DFCC Bank’s Green Bond marks a transformative step for Sri Lanka’s financial sector, highlighting the potential of the nation’s financial instruments to attract global attention while contributing meaningfully to sustainability. DFCC Bank’s pioneering initiative sets a benchmark for others in the region, driving innovation and championing sustainable development.

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Conceptus (Pvt) Ltd – the innovative and trailblazing event management company that pioneers novel concepts to architect extraordinary experiences, won the prestigious award for the Best Event Management Company 2024 at the People’s Pinnacle Sri Lanka Awards held on 6^th January at the Taj Samudra. “We are delighted to have been recognized by People’s Pinnacle Sri Lanka Awards for our creativity and pioneering concepts in event management. Our innovative concepts combine seamlessly with our technical expertise to bring forth the extraordinary for each event that we handle,” stated the co-founders Chandima Karunathilake and Chaminda Kumara Hirumuthugoda who have over 19 years of experience in the event management sphere. The unique combination of creativity and technical know-how of the dedicated and highly skilled Conceptus team is the differentiator that helps them to exceed customer expectations in conceptualizing, designing, and executing the ‘event extraordinaire’ for their clients. In addition, their inventory of state-of-the-art equipment spanning a wide range of lights, LED screens, and sounds coordinated with special effects and computer-generated graphics takes the event to the next level of customer satisfaction, raising the bar for events in Sri Lanka. In 2025, Conceptus is poised to narrate clients’ stories in groundbreaking ways, meticulously crafting and designing one-of-a-kind, exceptional events tailored for each individual client.   Photo caption: From Left to Right: Kavinu Jayawardhana (Junior VFX Artist), Chaminda Hirumuthugoda (Co-founder), Chandima Karunathilaka (Co-founder), Dilini Kaushalya (Head of Special Projects & Concepts)

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Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in December 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 57.2 in December 2024, indicating a further expansion in manufacturing activities. All sub-indices, except Employment, contributed positively to this improvement. The New Orders and Production sub-indices increased further in December, bolstered by sustained production orders during the festive season, particularly in the food & beverages manufacturing sector. However, New Orders and Production sub-indices in the manufacture of textiles & apparel sector decreased during the month, owing to the decline in orders from major garment export destinations during the seasonal winter holidays. This resulted in a reduction of casual labour in the textiles & apparel sector, mainly contributing to the decline in the overall Employment sub-index. Meanwhile, the Stock of Purchases sub-index continued to expand during the month, while Suppliers’ Delivery Time sub-index remained lengthened.  

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Setting a new standard for excellence in Sri Lanka’s roofing industry, Colorup, the island’s most trusted colour roofing brand, has been crowned “Best Colour Roofing Brand of the Year” at the prestigious Pinnacle Awards 2024. The glittering ceremony, held on 6th January at the Taj Samudra Hotel in Colombo, recognized Colorup’s dedication to quality, innovation, and customer satisfaction, further cementing its leadership in the market. This accolade is a reflection of Colorup’s 18-year legacy in providing durable, stylish, and eco-friendly roofing solutions. As a household name in Sri Lanka, Colorup has earned the trust of homeowners, architects, engineers, and builders alike, becoming their go-to choice for roofing and ceiling needs. Since its inception in 2007, Colorup has been at the forefront of Sri Lanka’s roofing industry, combining cutting-edge Italian and Swiss technology with superior craftsmanship. This winning formula has consistently delivered roofing solutions celebrated for their durability, aesthetic appeal, and long-term performance. The Pinnacle Awards recognition underscores the brand’s commitment to continuous improvement and innovation. Reflecting on this remarkable achievement, Iroshana Cooray, General Manager of Colorup Products Pvt Ltd said: “This award is a testament to the hard work, dedication, and passion of our entire team. At Colorup, we strive to deliver not just products, but complete roofing solutions that meet the highest standards of quality and sustainability. This recognition motivates us to continue raising the bar and building stronger connections with our valued customers and industry professionals.” Looking ahead, Colorup is thrilled to announce its participation in Architect 2025, Sri Lanka’s premier event for architects, builders, and design enthusiasts. Scheduled from 21st to 24th February 2025 at the BMICH, this exhibition will offer visitors the chance to explore Colorup’s latest innovations and gain expert insights at stall BO 02. For inquiries or expert advice on roofing and ceiling solutions, Colorup’s friendly customer service team is available via hotline 0115748738. With 18 years of unwavering trust and a proven track record of excellence, Colorup remains a cornerstone of Sri Lanka’s building materials industry. From protecting homes to enhancing their beauty, Colorup continues to deliver reliable, high-quality solutions that reflect its vision for a sustainable, stylish future.

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