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Affordable shared working spaces with CO WORK at PARKLAND

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R I L Property PLC recently launched CO WORK, a 3,000 square foot co-working space located on the 10th floor of the PARKLAND Building located on Park Street, Colombo 02. CO WORK was launched to provide affordable and state of the art smart working spaces for individuals and teams on a temporary, short term or long term basis. It was designed to provide customers with peace of mind work facilities with security, access to the facility through a touchless access system and comfortable COVID-19 compliant work stations.

Speaking at the launch for C0 WORK Hiroshini Fernando, Chief Executive Officer and Executive Director of R I L Property PLC stated that “We feel co-working spaces are fast becoming the norm as more companies are looking to “de-densify” their offices. Companies are looking at investing in convenient office spaces at the most affordable prices. At CO WORK we have included technology to revamp our workspaces such as hands-free check-ins and smart censored elevator buttons, etc. We have increased hygiene measures that would be critical for our customers to feel comfortable; this includes readily available sanitisers and plexiglas shields that have been installed between desks. Before the pandemic social distance and hygiene were support services relegated to the background, mostly when people weren’t occupying the space. Today, visible hygiene is a necessity in making customers feel comfortable in a shared space and we make it happen.”

CO WORK is a professional office set up that can be hired for a day, a week or months based on the need of the customer. Membership amenities include a private conference room, meeting rooms, complimentary coffee and water, high-speed Wi-Fi and access to a professional high-speed printer. Access to the location and its facilities is between 8.00 am to 8.00 pm, from Monday to Sunday, however, the facility will be accessible 24/7. It also offers ample parking, shower facility and a washing bay and the badminton court. Being located in the Parkland’s building allows members of CO WORK to avail special offers provided by the wide clientele based at the building, this includes a wide selection of restaurants and salons. Other services on offer at CO WORK include company secretarial and legal services.

Fernando further added, “With more people working from home CO WORK at PARKLAND allows companies to shed the burden of having to maintain and manage expensive office overhead costs. CO WORK offers a variety of membership options that start at Rs.1200 a day for a Hot Desk, with options ranging from dedicated work spaces and customised team seating within the open area. CO WORK also has the option of private offices that can be tailored to the customers’ requirement. We offer them the flexibility to rent office space to suit their seating needs for a period of time convenient to the organisation.”



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‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit

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After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.

Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.

This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.

Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”

Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.

Event Details:

Venue: Rise Up, Alwis Place, Colombo 03

Date: Thursday, 4th June 2026

Time: From 6.30 PM onwards

Contact : Shelley +94 77 342 3123

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JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute

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Krishan Balendra, Chairperson and CEO

John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.

Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.

The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.

City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.

Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.

John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.

The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.

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RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism

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Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.

Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.

Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.

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