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Fox Resorts commitment to sustainability on World Tourism Day 2022

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This 27th of September, The World Tourism Organisation (UNWTO) will host World Tourism Day in Bali Indonesia under the theme ‘Rethinking Tourism’. The event is aimed at highlighting the importance of tourism as a crucial pillar of national economic development and rethinking the way in which it is delivered. The UNTWO concept note focuses on putting the world’s people and the planet first by bringing government, businesses, and local communities together around a shared vision of sustainability, inclusiveness, and resilience.Fox Resorts has always been a company with a purpose: caring deeply about guests, employees, suppliers, the environment, and the local communities in the areas surrounding our properties. Our underlying ethos is a belief in the sustainable well-being of people, society, and our planet.

In keeping with the theme of World Tourism Day and our ongoing commitment to the communities we serve, Fox Resorts looks to ensure that all regular purchases are sourced from local sellers, growers, and SMEs in the vicinity of our properties, carefully redesigning our menus to feature ever more locally grown produce and ingredients for our dishes. Throughout Fox Resorts’ properties, we have also incorporated local design elements and craft techniques to help showcase local craftsmanship.

At both of our properties, we have undertaken a commitment to minimize the use of single-use plastics: a key initiative to help achieve this is offering guests glass water bottles instead of plastic ones in each guest room. Each bottle is sanitized after each use and filled with sterilized and filtered drinking water. We strive to make sure that we minimize single-use plastics throughout our property: plastic waste that does get used is sent for recycling at local recycling plants.

“Water is one of the earth’s most valuable natural resources. To help preserve this and strive to limit wastage, we have introduced low-flow taps and showers for smart water consumption. Wastewater is collected into tanks and treated accordingly to be used to water the gardens. Signage has been placed in every room, encouraging guests to reuse linen and help reduce water consumption and pollution that stems from the use of detergents” says Christopher Berenger, General Manager of Fox Kandy.

Along with the careful use of water, Fox Resorts ensures intelligent comsumptionof energy is minimized. The property is fitted with solar panels for hot water, energy-saving bulbs are installed throughout the hotel, and guest rooms are fitted with key card master switches to ensure that power goes off once guests have left their rooms.

According to the Food and Agriculture Organisation (FAO) of the United Nations, Sri Lanka as a nation produces approximately 4,000 tonnes of food waste per day. “To mitigate this wastage, Fox Resorts employs careful planning in its sourcing and operations: garbage is segregated accordingly and disposed of responsibly. Any remaining food waste is sent to local farms for animal feed, rather than getting dumped in landfills” explains Shane Vonhagt, General Manager of Fox Jaffna.

“Fox Resorts is acutely aware that the commitment to sustainability is an ongoing one, requiring continuous improvement in processes and service delivery. As our hotels expand their operations, we pledge to also expand our implementation of solar energy systems, invest in installing rainwater-harvesting tanks, drastically reduce reliance on single-use plastics, and implement charitable initiatives supporting different local underprivileged groups and the environment by sponsoring frequent neighborhood clean ups with the provision of garbage bins, regular beach clean ups, annual sterilization campaigns for street dogs and cats, and regular Children’s Art Exhibitions, and long term support to orphanages”, says Chris Quyn, CEO of Fox Resorts, reinforcing the chain’s commitment to sustainability. “Our commitment to supporting the communities in which we operate is one of the most critical ways in which Fox Resorts strives to increase engagement and drive a better, stronger, and more sustainable future for our company and the world at large”.



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Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook

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The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm's engagement with its growing client base.

Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.

The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.

The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.

The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.

Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.

Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.

The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.

Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.

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Tata Group leads humanitarian education support initiative with DIMO and ChildFund

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The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.

Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.

As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.

This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.

This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.

Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”

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NovaNest Properties launches Rainbow Apartments in Ratmalana

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Samitha Waidyasekera CEO - NovaNest Properties (Pvt) Ltd

NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.

The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.

The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.

Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.

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