Business
Avani Bentota Resort reopens its doors to the world
A ribbon cutting ceremony was held marking the official reopening of Avani Bentota Resort to the public and beckoning a new age in post-pandemic travel. It was attended by Kapila Jayawardena, Group Manager Director/ CEO of LOLC Holdings PLC & Chairman of Serendib Hotels PLC; Eksath Wijeratne, Group General Manager of Browns Hotels & Resorts; Adrian Jansz, General Manager-Sales and Marketing at Browns Hotels and Resorts and Channa Ekanayake, General Manager, Avani Bentota Resort.
Set along Sri Lanka’s western coastline, originally designed by world renowned architect Geoffrey Bawa, the renovated Avani Bentota Resort is now fully geared to welcome travellers from around the world. Fronted by an investment of Rs.300 million by Browns Hotels & Resorts, a subsidiary of Browns Investments PLC; a full renovation was carried out to meet the present day traveller’s needs.
The revamped resort features 75 chic guest rooms and suites, 03 dining outlets, a gymnasium, spa, as well as 02 conferencing and event venues, in addition to the modernised facilities, guest support service area and kitchen, in the hopes of providing guests with a more superior and efficient service. While the recently renovated resort boasts of a contemporary and sophisticated design, it retains Bawa’s signature style and an inimitable Dutch-colonial charm.
Take a leisurely dip and enjoy tropical bliss
Guests are sure to be spoilt for choice with one of the most extravagant breakfast buffets in the west coast, which also includes Sri Lankan specialties. For a more intimate setting, guests can indulge in exquisite dining experiences right on the beach with carefully curated menus, simply sip sundowners by the pool, or order in. Culinary adventures enhanced with dreamy ocean views are assured at Avani Bentota Resort.
LOLC Group’s investments in the leisure sector are clustered under Browns Investments, which maintains controlling interest in a number of properties in iconic locations in the country. The portfolio currently consists of Avani Bentota Resort, Club Hotel Dolphin, Dickwella Resort & Spa, Hotel Sigiriya, The Calm Resort & Spa, 5 boutique properties under Reveal The Collection, Sheraton Kosgoda Turtle Beach Resort, Occidental Paradise Dambulla and Occidental Eden Beruwala. A further 2 projects; including a 5-star resort in Beruwala, and Port City Mega Leisure development comprising of a 5-star city hotel are scheduled to be unveiled in the near future. A series of offshore investments in the Maldives including 4 resorts and 1 city hotel/condominium, and a 5-star resort in Mauritius too has been added to the development pipeline.
Commenting on the recent acquisitions, Kapila Jayawardena said, “With a steadfast approach to innovation and bold strategies, Browns Investments will continue to invest in the leisure and hospitality sector both in Sri Lanka and overseas, as we believe that there will be an upsurge in travel globally.”
left to right; Channa Ekanayake, General Manager Avani Bentota; Kapila Jayawardena, Group Manager Director/ CEO of LOLC Holdings PLC & Chairman of Serendib Hotels PLC; Adrian Jansz, General Manager-Sales and Marketing at Browns Hotels and Resorts and Eksath Wijeratne, Group General Manager of Browns Hotels & Resorts.
Eksath Wijeratne added, “While the Covid-19 pandemic has disrupted the hospitality industry worldwide, the global vaccination drives have been instrumental in regenerating and boosting tourist arrivals in to the country. Most tourists currently gravitate towards the informal sector. Nevertheless, we are hopeful that a steady increase in the overall tourist arrivals to the country will result in positive occupancy levels across both formal and informal sectors by end 2022.”
The unwavering efforts of Browns Hotels & Resorts in uplifting tourism even during the toughest of times, make it one of the most sought-after hospitality brands in the region, and is a testament to the optimistic outlook the Company has on post-pandemic travel, as they prepare to welcome travellers from around the globe.
Business
AIA delivers strong first half results in 2026; double-digit growth across key financial metrics
The Board of AIA Group Limited (the “Company”) is pleased to announce the Group’s financial results for the six months ended 30 June 2026. Growth rates are shown on a constant exchange rate basis unless otherwise stated:
New business performance and embedded value
Value of new business (VONB) of US$3,212 million, up 10 per cent overall and 14 per cent excluding Thailand(1)
Record high annualised operating ROEV of 18.0 per cent, up from 15.8 per cent in full year 2025
EV Equity of US$83.4 billion, up 6 per cent per share over the first half on an actual exchange rate basis
IFRS earnings
Operating profit after tax (OPAT) of US$4,163 million, up 13 per cent per share
AIA now expects to exceed OPAT per share CAGR target of 9 to 11 per cent from 2023 to 2026(2)
Record high annualised operating ROE of 17.5 per cent, up from 15.5 per cent in full year 2025
Cash generation and capital returns
Underlying free surplus generation (UFSG) of US$3,935 million, increased by 10 per cent per share
Net free surplus generation (net FSG) of US$2,758 million, up 12 per cent per share
US$3.6 billion returned to shareholders in the first half through dividend and share buy-back
Interim dividend increased by 10 per cent to 53.90 Hong Kong cents per share
Lee Yuan Siong, AIA’s Group Chief Executive and President, said:
“AIA has delivered another strong performance in the first half of 2026, with double-digit growth across our key financial metrics, while continuing to return substantial capital to shareholders. VONB reached a record high of US$3.2 billion with growth across all distribution channels, and all reportable segments excluding Thailand. The Group has achieved 17 per cent CAGR since the first half of 2023(3), demonstrating consistently strong demand for AIA’s professional advice and differentiated products.
“At the core of our unrivalled distribution platform is our market-leading Premier Agency. I am delighted that AIA has once again been ranked the number one Million Dollar Round Table (MDRT) multinational company globally. We have held this position for a record 12 consecutive years and we have more than double the number of MDRT members of our nearest competitor. In the first half of 2026, our Premier Agency achieved strong VONB growth of 11 per cent excluding Thailand(1). Our extensive network of strategic distribution partners further expands our market reach and generated an 18 per cent increase in VONB, supported by very strong performance in both the bancassurance and independent financial adviser (IFA) and broker channels.
“Strong new business, together with disciplined management of our in-force portfolio, has supported sustained growth in recurring earnings with OPAT per share up by 13 per cent in the first half. As a result, we expect to exceed our 9 to 11 per cent OPAT per share CAGR target for 2023 to 2026(2). UFSG, the Group’s core measure of operating cash generation, increased by 10 per cent per share. After allowing for new business investment, net FSG increased by 12 per cent per share. In accordance with our prudent, sustainable and progressive dividend policy, the Board has declared a 10 per cent increase in the interim dividend to 53.90 Hong Kong cents per share. These achievements demonstrate that our financial strategy is working as intended.
“Asia remains the most compelling growth opportunity for life and health insurance. Powerful structural tailwinds across the region continue to create substantial demand for our professional advice and differentiated products and underpin the exceptional long-term prospects for AIA’s business. I am confident that AIA’s disciplined execution of our strategic priorities will continue to deliver long-term sustainable value for all our stakeholders.”
Business
British Council Sri Lanka launches soft skills workshops to elevate learning and empower communication
The British Council Sri Lanka has launched Corporate English Solutions (CES), tailored to the Sri Lankan corporate and education ecosystem, aimed at helping organisations strengthen workplace communication and professional development.
The launch event took place recently at the NH Collection, Colombo 3, gathering corporate partners, clients and education stakeholders throughout the country.
CES extends the British Council’s long-standing work in English language education and teacher training into a dedicated offering for the corporate sector. The launch introduced two new components to the British Council’s presence in Sri Lanka such as public workshops and teacher training programmes, open to learners and educators beyond the organisation’s existing corporate and academic partners. Guests at the event were shown a short video introducing Corporate English Solutions before the formal proceedings began.
Talal Meer, British Council Regional Business Development Director, South Asia, welcomed guests and introduced the British Council’s team in Sri Lanka. In his remarks, Meer set out the scope of the CES launch, covering the introduction of public workshops in Sri Lanka, the rollout of teacher training programmes, and an overview of the CES product portfolio. Meer’s role covers educational partnerships in the South Asia region, and his address framed the Sri Lanka launch within the British Council’s broader regional strategy.
Business
Ogilvy Group tops award tally at ‘Dragons of Sri Lanka’ 2026
Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies. Gold Dragon wins for Phoenix Ogilvy and Ogilvy Digital, together with the seven additional recognitions across multiple categories, highlighted Ogilvy’s ability to combine creativity, strategic thinking and commercial effectiveness to deliver business results.
Organised by the 4As Sri Lanka, the third edition of Dragons of Sri Lanka shortlisted more than 50 agencies and corporates, making it one of the country’s most competitive marketing communications awards. These local awards, along with the chapters in Malaysia and Pakistan are part of the Dragons of Asia platform, one of the region’s leading programmes for marketing communications effectiveness, with entries being judged on strategy, originality, execution and measurable results.
Ogilvy Digital accounted for eight awards in total, including a Gold Dragon in the Business & Trade Marketing category, and a Silver Dragon in the Innovative Idea or Concept category. The Agency additionally received six Black Dragons across the categories of Innovative Idea or Concept, Business & Trade Marketing, Content Creation, Small Budget, Event or Experiential, and Brand Trial or Sales Generation.
Commenting on the achievement, Sajith Weerasinghe, Chief Operating Officer of Ogilvy Digital, said, “These recognitions reflect the breadth of capabilities we’ve built across strategy, creative, content, experience design, technology and performance marketing. The fact that the work was recognised across so many different disciplines demonstrates our ability to apply creativity to a wide range of business challenges and objectives. We’re proud that this achievement spans multiple clients, categories and types of work, reflecting both the versatility of our people and our commitment to delivering results.”
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