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HDFC Bank wins prestigious award for business excellence

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General Manager/CEO of HDFC Bank, Palitha Gamage receives the award at the National Business Excellence Awards 2021

HDFC Bank – a leader in housing development finance – has won the Merit Award (Banking Sector) at the National Business Excellence Awards 2021. This prestigious event was organized by the National Chamber of Commerce of Sri Lanka. It is held annually to recognize business enterprises that have demonstrated excellence under various criteria.

The evaluation criteria for the awards were excellence in the following areas: Strategy & leadership, corporate governance & strategy, capacity building, performance management, local and global market reach, corporate social responsibility & environmental sustainability, and business & financial results.

Chairperson of HDFC Bank, Ms. Wasanthi Manchanayake thanked the staff, customers and other stakeholders for helping them win this award. She said the bank will continue to earn such accolades due to its vibrant corporate culture. She added that a positive attitude permeates all levels of the organization, which has effective processes covering everything from administration to IT and customer service.

General Manager/CEO of HDFC Bank, Palitha Gamage said their success is due to a visionary strategy, a strong leadership based on their state-private partnership and a dynamic workforce. He noted that these factors enabled the bank to achieve an impressive financial performance in 2021 despite the COVID-19 pandemic and stiff competition from larger banks.

HDFC Bank’s core business is providing home loans for low and middle income people in Sri Lanka. In addition to housing finance, the bank is involved in leasing, deposits, business loans, education loans and pawning. It caters to a range of people with different financial requirements, including professionals, state sector employees, pensioners and SME entrepreneurs.

At present, HDFC Bank offers a diverse array of loan and savings products. These are delivered through its extensive branch network throughout the country.

The bank has greatly benefitted from its state-private ownership structure. The government holds the controlling stake of 51% while private companies and individuals have a 49% share. This composition offers the strength, stability and security of the state coupled with private sector innovation and efficiency.

It has also facilitated technological progress. The bank offers digital banking solutions like online payment and e-banking services. The core banking system implemented a few years ago has facilitated the introduction of various products. This system has supported the bank’s growth strategy, enhancing its efficiency and ability to provide convenience to customers.

Among the most popular services provided by HDFC Bank is palmtop banking. It is presently used by thousands of customers. Many small-time business people and the self-employed have benefitted from the ease, convenience and security it offers.

In accordance with its mandate, the bank will continue to focus on providing housing-related financial support to middle and lower-income Sri Lankans. This will facilitate social progress and promote economic development across the country.



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From import to export – Finch Foods expands international retail presence to Australia

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Finch Foods booth exhibiting at Foodex Japan in Tokyo

Finch Foods – pioneering Sri Lankan FMCG brand – is furthering its international expansion with the launch of its retail presence in Australia. The move marks yet another turning point for the homegrown company, following four international market launches under the Finch Foods brand within the space of just three years, a company news release said on Wednesday.

This milestone entry includes a dedicated e-commerce site, a listing on Amazon AU, and ongoing discussions with major supermarket chains, specialty stores, and distributors. Australian consumers can now access Finch Foods’ extensive portfolio of high-quality signature spices and seasonings, coconut products, gluten-free flours, ayurvedic and herbal products, and natural food colourings that showcase the rich variety and distinctiveness of Sri Lankan ingredients, it said.

“Australia has always been a key market for Finch Foods – one with immense potential to enter, develop, and scale,” says Fawaz Fassi, Founder & Managing Director of Finch Foods. “This expansion reflects the growing global demand for authentic Sri Lankan heritage ingredients, and we are excited to bring our unique offerings to Australian consumers.”

Founded in 2015 as a 100 per cent import-driven company, Finch Foods entered the food industry by becoming the exclusive agent for renowned international brands such as Bragg Live Foods (USA), The Berry Company (UK), Kewpie (Japan/Malaysia), Cornish (UK), Pokka (Singapore), and Nando’s Grocery; bringing superior flavours and ingredients from around the world to Sri Lankan consumers.

However, the global pandemic followed by local economic instability severely tested this business model, and in just a few years since inception, it was time for the company to rethink its operations. In 2022 Finch Foods set its sights outwards by looking inwards; having discovered that there was a wealth of incredible spices, herbs, and ingredients to be found right here in Sri Lanka – robust and nuanced flavours that would surely intrigue culinary tastebuds from around the world.

“As a pioneer in culinary innovation, our vision is to harness the rich and diverse culinary tradition of Sri Lanka while also bridging the growing disconnect between food and its heritage,” Fassi adds. “At Finch Foods, we recognized the need to add unique value to our products—offering new and exciting options for consumers while distinguishing ourselves from more traditional exporters in the market.”

In 2023, Finch Foods celebrated the opening of its first independent store in Havelock City Mall, Colombo, and expanded its international footprint; establishing a retail presence in Hong Kong, the Czech Republic, and Canada, becoming a key supplier to Japan, and securing a partnership with global retail giant Lulu Group in the UAE. This shift to exports has allowed the company to adapt to different market requirements, leveraging its wide product range to remain flexible in catering to diverse consumer needs.

“As Finch Foods continues to expand its distribution network and strengthen its presence in Australia, the company is also poised to to focus on accelerating its global expansion, breaking into new markets, while also further diversifying its product portfolio,” the release concluded.

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Dearo Investment partners with Ceylinco General Insurance to enhance customer benefits

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Officials of Dearo Investment and Ceylinco General Insurance exchanging the MoU

Dearo Investment Pvt. Ltd. has signed an MoU with Ceylinco General Insurance to provide an insurance scheme for its customers. Under this agreement, every customer who transacts with Dearo from anywhere in the country will receive insurance coverage. The MoU was officially signed on 26 Feb, 2025. The signing ceremony was attended by key representatives from both organisations. Dearo Investment was represented by Chief Executive Officer and Managing Director Prasanna Sanjeewa and Chief Operating Officer Niranjan Warnasooriya, while Ceylinco General Insurance was represented by General Manager S. Thilakesh, Assistant General Manager V.K. Gunathilaka, Area Sales Manager N.G.C. Gunarathna, and Senior Marketing Executive Keshara Hasun. Dearo Investment has flourished as a trusted name in the financial sector with its highly experienced Board of Directors, including Prabash Gunaratne, Upul Edirisuriya, Tharindu Dhananjaya Samarawickrama, Niranjan Warnasooriya, and Thilini Kalhari Ekanayake.

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The Residencies Kotte by ICC nears completion ahead of schedule

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The Residencies Kotte by ICC is making remarkable progress, moving ahead of schedule towards completion (December 2025). With ICC’s proven track record of on-time delivery and availability running low, this is a rare opportunity to invest in a home that blends modern luxury with a thriving community, said a release.

It said: Now in its final phase, key milestones are being completed at an accelerated pace. From the striking façade to the finishing touches within each apartment, every element is meticulously crafted to meet ICC’s highest standards.

As The Residencies Kotte nears completion, demand has surged. With all two-bedroom apartments already sold out, only a limited number of three-bedroom units remain available. This overwhelming response is a testament to the unmatched value, world-class amenities, and most importantly, the prime location. Nestled in the heart of Kotte, this development offers unparalleled convenience—situated in a highly sought-after neighbourhood that seamlessly blends urban connectivity with the tranquillity of a well-established residential area.

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