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ADB partners with JKH to boost food value chains and farm livelihoods in Sri Lanka

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ADB's investment in John Keells Holdings PLC (JKH) will strengthen value chain linkages for farmers supplying to markets and enhance food security and safety for consumers.

Will invest up to LKR equivalent of $80 million 

The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation.

The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution infrastructure as part of a multibusiness corporate capital expenditure program, through an initial investment of $50 million with an option to subscribe for additional new shares of up to $30 million within 12 months. The financing will come equally from ADB’s ordinary capital resources and from Leading Asia’s Private Infrastructure Fund (LEAP), which will be administered by ADB.

“The project represents a significant equity investment supporting the growth of a leading company,” said Deputy Director General of ADB’s Private Sector Operations Department Christopher Thieme. “ADB’s investment comes at a critical stage of the country’s recovery efforts and will provide a much-needed boost through a large foreign direct investment that will spur investor confidence in Sri Lanka.”

The investment will support the expansion of the group’s modern retail and distribution businesses, including the construction and equipping of new supermarkets and the setting up of state-of-the-art distribution logistics centers. The investment will strengthen value chain linkages for farmers supplying to markets and enhance food security and safety for consumers.

The equity investment will be accompanied with technical assistance funded by the Canadian Climate Fund for the Private Sector in Asia (CFPS) to train 2,000 fruit and vegetable farmers in climate resilience and organic farming, both critical priorities for the country’s agriculture.

“The transaction is fully aligned with the strategic priorities of the partnership between Sri Lanka and ADB, which highlights the importance of developing our rural areas and the impact of private sector development,” said ADB Country Director for Sri Lanka Chen Chen.

“We are delighted to partner with ADB with this investment in to JKH. JKH will leverage on ADB’s technical expertise and advisory support to enhance and further strengthen our environmental, social, and governance processes and frameworks,” said JKH Chairman Krishan Balendra. “We believe that partnering with an internationally reputed financial institution, such as ADB, particularly at this juncture of time, is a vote of confidence for JKH and the country.”

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.



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ASUS launches ‘cutting edge’ laptops in Sri Lanka for AI acceleration

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The newly launched ASUS ROG laptops

ASUS and Republic of Gamers (ROG) Sri Lanka officially launched their latest suite of computing innovations, setting a new benchmark for ultra-portability, AI acceleration, and next-generation gaming experiences in the country.

Unveiled at Shangri La, Colombo on May 7th, the lineup includes five cutting-edge laptops designed to cater to students, professionals, gamers, and creators, marking a transformative leap for Sri Lanka’s tech landscape.

Leading the charge is the ASUS Zenbook A14, the world’s lightest Copilot+ PC at just 980 grams. Featuring a durable Ceraluminum chassis, Snapdragon X processor, and a 45 TOPS NPU for AI tasks, it boasts an ASUS Lumina OLED display, up to 32-hour battery life, Wi-Fi 7, and 1 TB SSD storage. Meanwhile, the gaming-focused ROG Strix SCAR 16/18 and Zephyrus G16 pack Intel Core Ultra 9 processors and NVIDIA RTX 5090 GPUs, paired with 240Hz Mini-LED displays, customizable RGB lighting, and advanced cooling systems for marathon sessions.

“Our mission is to push boundaries in performance and design,” said Eric Ou, ASUS South Asia’s Regional Head, emphasizing the brand’s commitment to innovation. The new devices blend portability with power, offering AI-enhanced workflows and gaming prowess.With multi-day battery life and groundbreaking specs, ASUS aims to redefine how Sri Lankans work, create, and play.

By Sanath Nanayakkare

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Direct Kitchens opens flagship Colombo showroom blending Australian luxury design with local elegance

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Ceremonial opening of the Direct Kitchens showroom in Colombo, by Nalin Herath, Chairman and Managing Director of Home Lands Group

Direct Kitchens, Melbourne’s premier designer and manufacturer of high-end custom kitchens, marked a significant milestone with the launch of its first international showroom in Colombo, bringing over 40 years of world-class kitchen design expertise to sophisticated Sri Lankan homeowners. Located at No. 314, R.A. De Mel Mawatha, Colombo 03, the new Experience Centre reflects the brand’s commitment to luxury, craftsmanship, and innovation.

The soft launch of the showroom was attended by select invitees including Nalin Herath, Chairman and Managing Director of Home Lands Group, who graced the occasion as the Chief Guest, along with industry professionals and well-wishers.

For over three decades, Direct Kitchens has earned a stellar reputation in Australia for creating bespoke, luxurious kitchens that are as functional as they are visually stunning. From sleek modern designs to timeless French provincial and country styles, each kitchen is crafted with precision, using the finest materials and cutting-edge technology. The brand also specializes in a range of custom interior solutions including pantry units, wardrobes, closets, laundry units, and more—tailored to suit the lifestyle and aesthetic of each client. Direct Kitchens Sri Lanka is a subsidiary of Home Lands Group, Sri Lanka’s leading real estate solutions provider.

The Colombo Experience Centre marks the beginning of Direct Kitchens’ global journey in redefining sophisticated living spaces. Visitors to the showroom can explore a curated selection of premium kitchen displays, cabinetry styles, finishes, and fittings—guided by a team of expert designers who offer personalized consultations and complete project management services.

Speaking at the launch, Amaya Herath, Director of Direct Kitchens Sri Lanka, stated, “We are proud to bring the legacy of Direct Kitchens to Sri Lanka and offer homeowners here access to a new standard in luxury interior solutions. Our Experience Centre is more than just a showroom—it’s a space where creativity, lifestyle, and functionality meet. With our decades of expertise and design excellence, we look forward to helping our clients transform their homes into elegant, purposeful spaces.”

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W15 Ambuluwawa- Magic, mystery and magnificence

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Harold Samuel, a British real estate mogul is credited with the phrase- location, location, location, a sentiment that will forever be pertinent and one that is evident when you behold W15 Ambuluwawa, a white clad stunning boutique hotel perched atop an outcrop of land in Gampola, offering 360-degree views of hills wearing jade and crowns of white clouds. It is a magical place that invites guests to leave the ordinary behind and step into the extraordinary and be enveloped with an utter stillness of being and a peace that transcends quiet.

W15 Ambuluwawa is indeed a rare find, a gem that has been recently added to adorn the W15 Collection, a group of luxurious boutique hotels dotted across some of the most beautiful locations in Sri Lanka. The first boutique hotel to be opened within the Ambuluwawa biodiversity project, W15 Ambuluwawa, with one master suite, 4 deluxe and 3 standard rooms, has been designed with responsibility to the surroundings and sustainability at its core. The ingenuity of architectural genius is displayed from every space in this breathtaking property as the exterior beauty is captured through floor to ceiling windows, a spacious patio and a sundeck.

Guests can expect W15’s signature exceptional service with a large staff cadre and a personal butler assigned to each room, an extraordinary al-fresco dining experience where tastebuds will be tantalized while nature paints the skies with vivid hues and birdsong provides a harmony of background music. Evenings are for breathtaking sunsets to be imbued into your restless soul while you sip a sundowner on the patio.

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