Business
Bank of Ceylon celebrates 43 years of banking excellence in the Maldives
The Bank of Ceylon, one of the most esteemed financial institutions in the Maldives, commemorated its 43rd anniversary on May 28th 2024, marking over four decades of distinguished service and significant contributions to the economic development of the island nation.
Established on May 7th 1981, and granted its banking license on January 26th 1982, the Bank of Ceylon has been a pillar of financial stability in the Maldives, earning a reputation for reliability, stability, and customer-centric service as one of the oldest and most respected banks operating in the country.
The anniversary celebration, held in a grand ceremony, was graced by the honorable Chief Guest, Ranga Goonawardena, the High Commissioner of Sri Lanka to the Maldives. Prominent attendees included the Chairman of Bank of Ceylon, Kavan Rathnayaka, General Manager/Chief Executive Officer, W. P. Russel Fonseka, Deputy General Manager – International, Treasury and Investment, G. A. Jayashantha , Deputy General Manager – Corporate & Offshore Banking, Rohana Kumara and the Country Manager of Bank of Ceylon Maldives, Ms. Manjula Herath. Loyal and dedicated customers, along with other esteemed guests, gathered to commemorate this remarkable milestone in the bank’s history.
Under the pioneering leadership of its first Country Manager, M S M Liyawdeen, the Bank of Ceylon, Maldives has embarked on a journey marked by notable achievements. Over the years, the bank has financed numerous pivotal projects in the government sector, including the upgrade of Male International Airport Phase IV, the purchase and repair of Surveillance, Fire Fighting and Coast Guard Vessels, the upgrade of the internal flooding system, and the construction of various government buildings. Additionally, the Bank has provided budgetary support credit facilities to the Government and State-Owned Enterprises.
Beyond the government sector, the Bank of Ceylon, Maldives has been a key financier for major projects in Resort Development, Tourism, Construction, Real Estate, and businesses in the wholesale and retail sectors. Bank has taken part in providing credit facilities at the inception of Guesthouse business in Maldives and built many success stories for Startups.
Business
Sri Lanka Tourism makes a strong impression at CMT 2026 in Stuttgart, Germany
Sri Lanka Tourism marked its presence at CMT 2026, held in Stuttgart, Germany, one of the largest consumer travel fairs in Europe. The Sri Lanka Stand accommodated representatives from the local tourism industry, providing a valuable platform to connect directly with the German travel community, particularly travellers with long-haul travel intentions.
Sri Lanka’s participation at CMT 2026 enabled direct engagement with consumers and helped stimulate interest in exploring the country’s diverse and year-round travel experiences. This presence addressed a long-standing need for Sri Lanka Tourism to participate in major consumer-focused travel platforms, effectively taking destination promotion directly to the travellers’ doorstep.
A wide range of travel packages, customised itineraries, accommodation options, and experiential offerings were presented to interested German consumers by Sri Lankan DMCs, under the umbrella of Sri Lanka Tourism. The platform also allowed potential travellers to clarify concerns and queries related to planning travel to Sri Lanka through direct, face-to-face interactions with industry professionals.
These direct engagements enabled Sri Lankan industry participants to gain valuable insights into emerging travel interests, changing consumer behaviour, and evolving customer expectations in the German market. The face-to-face discussions with end consumers strengthened the industry’s understanding of demand trends and product requirements.
Strategically, Sri Lanka Tourism’s focus on B2C promotions serves as a catalyst for strengthening B2B platforms, ensuring that final decision-makers—the travellers—are actively engaged alongside trade partners. This alignment enhances the overall effectiveness of trade collaborations. Well-designed consumer promotion activities, including giveaways, contests, experiential engagements, and cultural performances, created emotional connections with visitors, improved destination recall, and reinforced Sri Lanka’s positioning as a compelling long-haul destination. (Sri Lanka Tourism)
Business
Adora raises the bar for hospital-backed aesthetic care in Wattala
Dr. Piyumini Gunasekara on advanced non surgical treatments
Hemas Hospitals has strengthened its regional healthcare positioning with the launch of Adora Cosmetic Centre at Hemas Hospital Wattala, introducing a hospital-backed, clinically governed model of aesthetic medicine at a time when South Asia’s cosmetic sector is expanding faster than regulation.
Unlike standalone cosmetic clinics, Adora is fully integrated into the Hemas Hospital ecosystem, embedding aesthetic services within hospital-grade infrastructure, multidisciplinary medical support and internationally aligned clinical governance.
Speaking at the launch, Dr. Lakith Peiris, Managing Director of Hemas Hospitals & Labs, said the centre represents a deliberate shift in strategy.
“Adora is not about cosmetic enhancement alone. It is built on protocols, trained clinicians and governance. As healthcare providers scale across the region, safety and medical credibility must remain non-negotiable,” he told The Island Financial Review.
The centre is positioned as a health-class facility, combining advanced aesthetic technologies with evidence-based medical pathways. This approach addresses growing regional concerns over unregulated cosmetic practices, offering patients reassurance through professional oversight and ethical medical standards.
Prabhan Gunawardena, Director General Manager of Hemas Hospital Wattala, said the initiative reflects both clinical responsibility and business foresight.
“The cosmetic industry is evolving rapidly across South Asia. Adora demonstrates how innovation can be scaled responsibly when anchored in medical expertise and hospital governance,” he said.
Detailing the centre’s scope, Dr. Piyumini Gunasekara, Medical Officer – Adora Cosmetic Centre, said treatments are designed to address medical and aesthetic concerns through personalised, evidence-based care.
She told The Island Financial Review:”We offer advanced non-surgical treatments for concerns such as hyperpigmentation, acne and acne scarring, fine lines and wrinkles, collagen loss, enlarged pores, rosacea, UV damage, excessive sweating, warts and moles. Every procedure is clinically assessed and delivered within a hospital-backed framework to ensure safe and sustainable outcomes.”
Clinical governance remains central to operations, reinforced by Dr. Malith Atapattu, Director – Medical Services and Quality, who highlighted the importance of protocol-driven care in a sector often challenged by inconsistent standards.
As Sri Lanka positions itself as a regional healthcare and medical tourism destination, hospital-led aesthetic centres such as Adora signal a broader industry shift—where growth is aligned with governance, trust and long-term sustainability.
For Hemas Hospitals, Adora represents a calculated entry into a high-growth segment without compromising medical integrity. For the region, it underscores a clear message: the future of aesthetic care lies in hospital-backed, clinically governed models—not cosmetic shortcuts.
By Ifham Nizam
Business
John Keells Consumer Foods Sector dominates SLIM National Sales Awards 2025 with landmark wins
The John Keells Consumer Foods Sector (JKCF) has reinforced its standing as a powerhouse in Sri Lanka’s FMCG industry with an exceptional performance at the SLIM National Sales Awards 2025, securing an impressive total of 27 awards. This remarkable achievement reflects the sector’s unwavering commitment to building high-performing teams, nurturing sales excellence, and driving sustained growth across its diverse business verticals.
Representing the iconic brands of Ceylon Cold Stores PLC (CCS), Keells Food Products PLC (KFP), and Colombo Ice Company (CICL), JKCF has long been recognized for its rich legacy of innovation and leadership in beverages, frozen confectionery, and processed foods. Its long-standing focus on people capability and performance culture continues to fuel industry-leading achievements, with the latest recognition at SLIM NSA 2025 marking one of the largest collective wins by a single organization in the event’s history.
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