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Ideal Group’s exhibition stall at ‘Industry 2022’ draws large crowds

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Visitors to the Ideal Group stall, were able to view the Mahindra KUV100NXT petrol and diesel vehicles that have been assembled locally and also the Mahindra Bolero City Pick-Up, as well as locally manufactured spare parts. Also on display was a vehicle specially designed by Ideal Motors for the Sri Lanka Forces.

Sri Lanka’s premier organisation with core business interests in motor franchise imports and motor spare parts, the Ideal Group’s exhibition stall at ‘Industry 2022’, generated strong public interest drawing large crowds.

Sri Lanka’s premier fully fledged automotive player,Ideal Motor Group, showcased its supremacy by exhibiting locally assembled vehicles, home grown ATV, home grown entry level fully electric car, Mahindra approved locally manufactured automotive components and the technical courses on offer under the NVQ4 program , at the national industrial exhibition which concluded on the 06.02.2022. At the BMICH.

The exhibition organised by the Sri Lanka Industrial Development Board under the guidance of the Ministry of Industries was held for the first time, to promote the local vehicle industry and provide a strong foundation for a significant revival of industries within the country.

‘Industry 2022’ featured 300 stalls representing the top 20 industries in the country and was held from 3-6 March at the Bandaranaike Memorial International Conference Hall exhibition grounds.

Showcasing the Ideal Group’s strong business interests, five companies representing the organisation, exhibited their products to the public. Namely, Ideal Industries (Pvt) Ltd, Ideal Modicon Engineering, Mahindra Ideal Lanka, Ideal Motors and the Ideal Vocational Training Unit were present during the exhibition.

The public visiting the Ideal Group stall were also able to view the unveiling of Ideal Motor’s electrically powered car (which will soon be introduced to the market), created and designed based on a concept by visionary Nalin Welgama, Founder and Chairman of the Ideal Group.

At the stall, Ideal Industries (Pvt) Ltd exhibited the locally manufactured Mahindra KUV100 NXT petrol and diesel vehicles and educated the public in attendance on how the company locally produced the Mahindra Bolero City Pick-up’s seating system on par with international standards. Ideal Modicon Engineering created awareness on the range of products manufactured such as its silencer system, petrol and diesel tanks and the production of the deck (body) required for the Mahindra Bolero City Pick-up to transport goods. Visitors to the exhibition were engrossed in witnessing how the Bolero City Pick-Up’s deck (body) is manufactured and assembled at the Mahindra Ideal Lanka automobile assembly plant in Welipenna.



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Janashakthi Finance relocates Nugegoda branch

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The new premises offer improved accessibility and enhanced facilities

Janashakthi Finance PLC, a member of JXG (Janashakthi Group), has relocated its Nugegoda Branch to a more accessible and customer-friendly location at No. 136/5, S. De S. Jayasinghe Mawatha, Nugegoda, further strengthening its commitment to convenience and service excellence.

Situated in the heart of one of Colombo’s busiest urban centres, the new premises offer improved accessibility and enhanced facilities, enabling customers to engage with the Company’s services in a more comfortable and efficient environment.

The branch continues to provide a comprehensive range of financial solutions, including deposits, savings accounts, leasing, gold loans, alternative finance solutions, corporate and SME financing and other tailored financial services designed to meet both individual and business needs.

Speaking at the opening, Sithambaram Sri Ganendran, Chief Executive Officer of Janashakthi Finance PLC said, “Customer convenience and accessibility remain central to our branch strategy. Nugegoda is a vibrant and densely populated commercial hub, and this relocation allows us to enhance service delivery while providing an improved experience for our valued customers. We remain committed to supporting the financial aspirations of individuals and businesses within the community”.

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Nüwa at City of Dreams celebrates 5-star recognition

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The event reflected the country’s growing prominence on the global luxury travel map

Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its prestigious 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region.

Held at the elegant Crystal Lounge at Nüwa, the exclusive evening brought together key figures from Sri Lanka’s tourism and hospitality sectors, media representatives, and senior leadership from City of Dreams Sri Lanka to celebrate a moment that reflects the country’s growing prominence on the global luxury travel map.

The event was graced by Professor Ruwan Ranasinghe, Deputy Minister of Tourism, and Buddhika Hewawasam, Chairman of the Sri Lanka Tourism Development Authority (SLTDA), whose presence underscored the significance of Nüwa’s achievement for the national tourism industry.

The evening commenced with a press conference moderated by Chamika Karunaratne, Head of Marketing at City of Dreams Sri Lanka, and featured leadership insights on Sri Lanka’s evolving luxury hospitality landscape and the role of integrated resorts in positioning Colombo as a world-class destination. Senior leadership from City of Dreams Sri Lanka, including Michael Habashi (General Manager – Property) and Thakshila Galappaththy (Hotel Manager), shared perspectives on Nüwa’s journey and its vision for setting new standards in personalised luxury.

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HNB introduces tailored financing for 447 Luna Tower apartments

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HNB, Chief Operating Officer /Senior Executive Vice President, Sanjay Wijemanne and Managing Director - Belluna Lanka, and Director - Union Place Apartments (Pvt) Ltd, Reyhan Morris share the MoU, alongside the representatives from both organizations

HNB PLC, the leading private bank in Sri Lanka, has entered a significant new chapter in its legacy of enabling homeownership through a strategic partnership for 447 Luna Tower with Union Place Apartments (Pvt) Ltd., a Belluna Lanka company. The partnership was formalized with the signing of a MoU on 12 February 2025, establishing exclusive home financing solutions for prospective buyers of 447 Luna Tower, a completed residential development. Located in Colombo 02, 447 Luna Tower brings together well-planned design, a timeless central address, and immediate occupancy readiness.

As a key residential development by Belluna Lanka, 447 Luna Tower combines international investor confidence with local expertise, fully funded and backed by Belluna. All residences are complete and ready for immediate occupancy, with a limited release of residencies now available. This presents homeowners a rare opportunity to acquire premium property in one of the city’s most desirable locations.

HNB, Chief Operating Officer, Sanjay Wijemanne, said, “At HNB, we are committed to promoting a higher quality of life through meaningful homeownership. Our partnership with Union Place Apartments, for 447 Luna Tower enables families to access residences that reflect what today’s buyers increasingly value in quality, functionality, long-term living and our tailored financing solutions ensure that this standard of living is within reach for aspiring homeowners.”

With flexible loan structures, transparent processes, and dedicated customer support, the bank strengthens its position as a pioneering force in Sri Lanka’s private banking sector while enabling access to high-value, landmark residential properties.

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