Business
Award Winning UK-Based SL-Themed “The Coconut Tree” Restaurant Brand Launches in Sri Lanka
A multi-million-pound, award-winning SL-themed restaurant chain started from scratch by Sri Lankans living in the UK, “The Coconut Tree”, officially launched their brand in Sri Lanka on the 17th of February 2023. Having achieved wild success in the UK for showcasing the flavourful and colourful tastes of Sri Lanka, “The Coconut Tree” is now ready to franchise its brand here in Sri Lanka, helping to further invest in the local food service industry and local talent, as part of its global expansion initiative.
The official launch event was held at the Hilton Colombo with the participation of the founders, dignitaries and guests. Many investors and influential stakeholders within Sri Lanka’s food service industry also attended the event.
Discussing the launch, Mithra Fernando – CFO at The Coconut Tree said, “What began as a hobby and a passion for marrying Sri Lankan culinary flare and British pub culture has now grown into a major business that is looking at global expansion, and this is our grand return home to Sri Lanka. We want to bring back what we’ve learned to Sri Lanka, and help to use our success to create further value here. As it is, we work with local producers in Sri Lanka, from brands like Ma’s Kitchen to various small suppliers for our spices and other ingredients. This is providing them with direct access to the UK and an important stream of export revenue. We want to be able to further expand opportunities for local producers. We want to bring our signature “Coconut Tree” experience here to Sri Lanka; exceptionally authentic Sri Lankan food, complemented by the classic British drinking culture and our range of Sri Lankan-inspired cocktails. We want to help Sri Lanka grow with us!”
With a successful track record of building a 10-million-pound business with a team of 300 people, the founders are confident in their ability to create value and establish a unique food experience for both locals and foreign visitors. Through a franchising model of operation, the team is preparing to provide investment opportunities for Sri Lankans interested in joining their venture and supporting the Chain’s ambitions of global expansion.
The Coconut Tree has won multiple awards, solidifying its status as an exceptional culinary establishment, including OX Magazine saying, “It’s youthful and authentic, cool and energetic, outrageously delicious and improbably affordable”. In 2022, the restaurant was a finalist for the Best Restaurant award at both the Bath Life Awards and Cardiff Life Awards and also won the Silver award for Best Casual Dining at the Bristol, Bath & Somerset Tourism Awards. The Bristol Life Awards named The Coconut Tree as the winner of the Best Bar award in both 2021 and 2022, while the restaurant’s VIP catering service impressed at the British Grand Prix at Silverstone and the Henley Royal Regatta in 2021.
Other accolades include being named Best Restaurant at the So Glos Awards in 2020 and a finalist for the Best Restaurant award at the Bristol Life Awards in both 2020 and 2021. The restaurant also received recognition for its vegetarian and vegan offerings, with finalist nods in the V-Friendly Restaurant of the Year category at The Vegetarian & Vegan Awards in 2020 and Best Veggie/Vegan Restaurant at the Ox in a Box Awards in the same year.
The Coconut Tree was also a finalist for the Best New Business award at the Cardiff Life Awards in 2020 and a finalist for Best UK Operator at the Restaurant Magazine R200 Awards in the same year. In 2019, the restaurant was a finalist for the International Icon Awards and Bath & Bristol Crumbs Magazine Awards, as well as being named the Best New Business at the Bristol Life Awards.
Business
ComBank hands over fully refurbished wards at De Soysa Hospital for Women
The Commercial Bank of Ceylon recently handed over Wards No. 03 and 04 of the De Soysa Hospital for Women, after the completion of a comprehensive renovation project launched in March this year to mark International Women’s Day.
Wards 03 and 04 handle a substantial share of the hospital’s patient load, and account for approximately 2,500 to 3,000 deliveries and 4,000 to 5,000 admissions annually. Their refurbishment was designed to significantly enhance patient care, safety and comfort, and directly benefit thousands of mothers and newborns.
Five Trustees of the Commercial Bank’s Corporate Social Responsibility Trust participated in the formal handing over of the refurbished wards to the hospital authorities. They were Sharhan Muhseen, the Bank’s Chairman, Raja Senanayake, Deputy Chairman, Sanath Manatunge, Managing Director/CEO, Hasrath Munasinghe, Chief Operating Officer, and Prasanna Indrajith, Chief Financial Officer.
Established in 1879, the De Soysa Hospital for Women is the first maternity hospital in Sri Lanka and the second oldest in Asia and is credited with, among others, performing the country’s first caesarean section in 1905 and establishing one of its earliest organised operating theatres in 1907.
The Commercial Bank’s Corporate Social Responsibility Trust, through which this project was implemented, has via its healthcare-related interventions supported more than 100 government hospitals with essential equipment and infrastructure, contributed to emergency medical services through the ‘Adopt an Ambulance’ initiative, and implemented targeted community health interventions such as water storage solutions for families affected by kidney disease.
Business
IIHS expands global nursing pathways
The International Institute of Health Sciences (IIHS) Multiversity is expanding its international education programmes with the aim of creating overseas employment opportunities for Sri Lankan nurses and allied health professionals while contributing to foreign exchange earnings.
Speaking to the media during a conference at IIHS Multiversity in Kerawalapitiya, Dr. Kithsiri Edirisinghe, CEO, Co-Founder and Dean of IIHS aid that the institute has established academic partnerships with overseas universities and higher education institutions, including the University of Surrey in the UK, Deakin University in Australia, Metropolia University of Applied Sciences in Finland, Asia e University in Malaysia and SUNY Canton in the United States.
Under its ‘Study in Sri Lanka, Graduate to the World’ model, students can complete foundational and diploma-level qualifications locally before progressing to international top-up degrees or overseas employment.
Dr Edirisinghe said the model could substantially reduce the cost of obtaining internationally recognised qualifications. It estimates that completing a four-year bachelor’s degree at the University of Surrey in the UK would cost about USD 145,700, including tuition and living expenses, compared with about USD 27,750 through the IIHS pathway in Sri Lanka.
Dr Edirisinghe said the institute’s focus on overseas deployment addressed both Sri Lanka’s economic needs and the growing global demand for healthcare workers.
“Our winning model is producing job-ready, registration-ready healthcare professionals who can seamlessly enter foreign healthcare systems,” he said.
IIHS, which began operations in 2002 as the American College of Health Sciences, established its institutional base in Welisara in 2008 and launched its purpose-built greenfield multiversity campus in 2023.
The institute said it has upgraded the qualifications of more than 5,000 government nurses, supported over 2,500 youth on international employment pathways and trained more than 1,000 allied health professionals. It has also carried out over 250 community health projects.
The institute has identified Germany and Japan among its target markets, with pathways planned for 2,000 nurses for Germany and a one-year preparation programme linked to around 4,000 healthcare positions in Japan.
Dr. Renuka Jayatissa, Vice-Chancellor and a specialist medical doctor, said demographic changes and the growing burden of non-communicable diseases were changing healthcare requirements in Sri Lanka.
Business
Sampath Bank launches Sri Lanka’s first community-powered book discovery platform at Colombo International Book Fair
Sampath GPay customers can enjoy 25% cash back on Book Fair purchases
Sampath Bank PLC has launched Sampath Book Finder, Sri Lanka’s first community-powered book discovery platform, giving visitors to the Colombo International Book Fair a faster and more seamless way to find the books they are looking for across the fair’s 150+ stalls, while also opening up new opportunities to discover titles recommended by fellow readers.
Introduced on the opening day of the Colombo International Book Fair on 25 September, Sampath Book Finder brings together digital innovation and the collective knowledge of readers to address a familiar challenge at one of Sri Lanka’s largest literary gatherings, where the scale of the fair can make locating a particular title a time-consuming exercise. When a book proves difficult to locate, visitors can access bookfairtracker.com or scan the designated QR code and submit a request to the community, allowing readers who have already spotted the title to share its location and help others find it without having to search stall after stall.
Commenting on the initiative, Milinda Weerasinghe, Chief Marketing Officer, Sampath Bank PLC, said, “At Sampath Bank, we believe meaningful innovation begins by identifying everyday challenges and creating solutions that make a real difference. Sampath Book Finder brings this thinking to the Colombo International Book Fair by turning the collective knowledge of readers into a real-time digital solution, empowering them to find what they are looking for, discover something new and help others do the same, while making the overall experience more convenient and connected.”
The platform also turns book discovery into a shared experience, allowing visitors to recommend books they encounter by sharing the title, publisher, hall and stall number, which enables fellow readers to discover sought-after titles and recommendations while making it easier to locate them within the fair.
Sampath Bank’s longstanding association with the Colombo International Book Fair also continues in 2026, marking more than 20 years of partnership, with the Bank serving as the Official Banking Partner for this year’s fair. As part of its presence at the event, SampathCards offer 25% cashback for Sampath GPay customers on their purchases and 3 months 0% instalment plans for book purchases via Sampath credit cards, while visitors can also access banking services through the Bank’s physical presence at the fair. Customers registering to open selected Fixed Deposits at the premises will receive an additional 0.25%, adding further value and convenience for visitors.
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