Business
5th Cargills Square opens in Bandarawela: Building hope

In a time marked by global economic challenges, Cargills, a pioneer in innovation and community development, unveils its latest endeavor: the Cargills Square mall in the heart of Bandarawela. The Bandarawela mall becomes the fifth Cargills Square to be opened by the company, and the second mall to be opened during 2023.
A beacon of confidence
The Cargills Square is more than just a mall; it is a symbol of resilience and optimism in Sri Lanka’s future. Through its decision to invest in the Cargills Square in Bandarawela, Cargills has shone a light of hope for the local community as well as the country at large, creating a unique shopping and entertainment hub for families, youth, and visitors to Bandarawela. The five-story shopping and entertainment complex includes a Cargills Food City supermarket, a Food Court with multiple restaurants, retail shops, a KFC restaurant, and 2 cinema screens including a 3D facility to watch the latest cinematic releases. The complex also houses a Cargills Bank branch, to provide convenient financial solutions to customers.
Empowering the youth, building dreams
One of the primary visions behind Cargills Square is to empower the youth and ignite their aspirations. By creating family-friendly entertainment complexes, Cargills aims to provide spaces where dreams can flourish and where the younger generation can envision a future filled with opportunities. The meticulously designed entertainment facilities, thoughtfully curated retail outlets, and vibrant atmosphere are all aimed at inspiring creativity, innovation, and personal growth among the youth of Bandarawela and beyond.
Beyond urban boundaries Cargills has always been committed to the upliftment of communities across Sri Lanka, contributing towards the development of rural towns and the country as a whole. While many shopping and entertainment complexes are confined to urban areas, the Cargills Square mall defies this norm. The company envisions to transcend geographical boundaries and make modern, world-class entertainment and shopping facilities inclusive for all communities across the country. The Cargills Square concept was first introduced in 2013 with the objective of providing entertainment and shopping experiences for customers in areas outside the Colombo city limits. Following the success of the first Cargills Square in Jaffna, which was the first large-scale commercial investment in the North by a blue-chip company, Cargills subsequently opened three more malls in Gampaha, Dematagoda, and Katubedda.
Cultural value and history
The location of the Cargills Square mall in Bandarawela, once housed the infamous Cargills department store which dates back to the 1800s. This heritage building has been preserved and transformed by the company to suit the demands of the modern consumer while retaining its rich history. Not too far from the location lies the iconic Bandarawela Hotel – another heritage building which has history going back to the year 1893.
As the Cargills Square in Bandarawela opens its doors, the company invites the community to come together and create lasting memories. Built with an investment of Rupees 1.6 billion, the project stands as a testament to the Cargills Group’s confidence in the potential of the Sri Lankan economy and its commitment to fostering hope and opportunities for the youth
Business
ComBank unveils new Corporate Branch at Head Office

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.
The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.
Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.
Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”
Business
Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.
At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.
Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”
“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.
Business
Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.
SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.
The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.
The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.
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