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Orel Corporation in strategic partnership with Prime Residencies

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Officials from Orel Corporation and Prime Residencies, at the signing of the partnership agreement

By Ifham Nizam

Sri Lanka’s leading electrical goods manufacturer, Orel Corporation, on Monday announced a strategic partnership with Prime Residencies, a leading real estate company here, for their upcoming iconic project, The Palace Gampaha.

The partnership was officially signed recently which designates Orel Corporation as the primary contributor responsible for external electrical systems in this innovative development.Speaking to The Island Financial Review, on their target market group, Prime Director Noel Joseph said the Palace Gampaha is designed to cater to the discerning preferences of upper-middle-class individuals.

Joseph added: ‘The residences are situated in a prime location, suggesting easy access to essential amenities and a desirable neighborhoods.

‘The project emphasizes a balance between affordable living and sophistication, indicating that it aims to provide luxurious homes at a reasonable price.

“The residences come with premium features, likely including high-end amenities, advanced security systems, and quality finishes to meet the standards of the upper-middle-class demographic.

‘The mention of exclusive events suggests a focus on community building and social activities for the residents, fostering a sense of belonging and a luxury lifestyle.

‘The introduction of a revolutionary 1% per month payment plan is highlighted. This unique payment structure may make the dream of opulent living more attainable for potential buyers.

‘The project promises an unmatched lifestyle for residents, indicating that it goes beyond providing just a place to live and aims to create a unique living experience.

‘The project is positioned in the vibrant location of Gampaha, suggesting that it is part of a lively and dynamic community.

‘For those seeking refined elegance in their homes, The Palace, Gampaha aims to fulfil this desire, indicating a focus on aesthetics and luxury.

‘Overall, the description paints a picture of a high-end residential project that combines affordability with luxury, offering a distinctive living experience for upper-middle-class individuals in the vibrant city of Gampaha.

‘The real estate sector has experienced steady growth, driven by rapid urbanization and population expansion. This growth is likely fueled by an increasing demand for housing and commercial spaces in response to urban development.

‘Sales taxes, including Value Added Tax (VAT) and Social Security Contribution Levy (SSCL), are mentioned as contributing to the challenging environment. These taxes will add to the overall cost of a project and affect its financial viability.

Prashantha Hettiarachchi, Project Manager/Management Consultant Orel, told The Island Financial Review; “Our target market is developers, investors in the building sector and consultants in Building Services Engineering.

‘I am happy to say that we have achieved more than 10% of the market share in turnkey projects in the electrical sector in Sri Lanka within one year.

‘The key of the success of the Orel turnkey division is its ability to offer comprehensive solutions tailored to the unique needs of our clients. Whether it’s project management, design, procurement, installation, or maintenance, we have assembled a team of experts to ensure a seamless and hassle-free experience for our clients.

Pramuditha Gurusinghe, Assistant General Manager – Turnkey Projects from Orel Corporation stated; ‘’We are happy to join forces with Prime Residencies, Sri Lanka’s top notch real estate giant, embarking on a transformative journey to redefine the landscape of infrastructure development— and this marks a tremendous milestone for our turnkey projects’ portfolio. This strategic partnership in which we facilitate robust electrical infrastructure, reinforced by the pioneering spirit of Prime Residencies in the realm of building development, signifies our commitment to paving the path to a brighter and connected tomorrow’’.

Nalinda Heenatigala, Director Corporate Affairs of Prime Lands Residencies PLC, shared his enthusiasm about the partnership, stating, “We are excited to introduce an exclusive investment opportunity for The Palace Gampaha to our valued clients. Our ground-breaking payment plan, a first of its kind in Sri Lanka, aims to provide a luxurious and accessible lifestyle to our investors. Committed to revolutionizing real estate investment in Sri Lanka, we aim to offer a unique and unparalleled experience for our clients.”



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Ceylon Tea conquers Libya: Exports leap 416%

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In a world where every strong cuppa tells a unique story, Sri Lanka’s famed Ceylon Tea continues to carve its legacy – one cup at a time. The latest tea export figures for March 2025 reveal a tale of resilience, with total shipments rising to 23.43 million kilograms, up from 21.25 million kgs the previous year.

But the real headline is; Libya’s staggering 416% surge in Ceylon Tea imports – marking a bold new chapter in Sri Lanka’s tea trade. While traditional markets like Iraq and Russia held steady, Libya emerged as the ‘breakout star’, importing 5.31 million kgs in the first quarter of 2025 – a jaw-dropping leap from just 1.03 million kgs in 2024.

This explosive growth signals a burgeoning demand for Sri Lanka’s premium leaves in North Africa, where the rich, aromatic flavors of Ceylon Tea are winning hearts and palates.

Quadrupling Libya’s appetite for Ceylon Tea even in challenging global markets, is reflecting the fact that Sri Lanka’s tea can find loyal fans in evolving markets.

However, while the export values shine in USD terms, the rupee value of tea exports dipped slightly – a stark reminder of currency fluctuations impacting export earnings. Yet, the broader trend remains positive for Ceylon Tea, with cumulative exports for Q1 2025 reaching 63.21 million kgs, up from 62.33 million kgs last year.

Key markets like Iraq (+7%) and Chile (+41%) showed strong growth, while Russia and the UAE saw mild declines. Meanwhile, Tea Bags and Instant Tea have posted gains even in rupee terms – marking a bright spot in an otherwise mixed landscape, where Tea in Bulk and Green Tea segments have witnessed a decline against the same period of the previous year.

On the production front, tea production for the month of March 2025 totalled 24.43 M/Kgs, showing an increase of 4.86 M/Kgs vis-à-vis 19.57 M/Kgs of March 2024. All elevations showed an increase in comparison with the corresponding month of 2024.

“As Sri Lanka’s tea industry navigates global headwinds, the increase in production and Libya’s soaring demand could offer a breather,” analysts said.

(Source: Forbes & Walker Pvt Ltd, Sri Lanka Customs, Central Bank of Sri Lanka)

By Sanath Nanayakkare

Photo Credit: Sri Lanka Executive Aviation Services

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Fits Retail and Abans unveil exclusive DeLonghi Premium Coffee experience

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The iconic DeLonghi coffee machines at Abans showroom

In a groundbreaking collaboration set to transform Sri Lanka’s premium coffee landscape, Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.

This exclusive partnership presents a rare opportunity for coffee aficionados to experience firsthand why DeLonghi has become synonymous with coffee perfection worldwide.

With a heritage spanning over 100 years, DeLonghi proudly holds the title as the number one coffee machine brand in more than 46 countries, celebrated globally for its exceptional quality, innovation, and unrivaled Italian craftsmanship. Fits Retail’s collaboration with Abans PLC brings these legendary machines directly to Sri Lankan coffee enthusiasts, creating immersive experience zones designed to elevate everyday coffee moments into extraordinary rituals.

At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide.

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Ceyline Group and Lion Brewery Forge a Sustainable Future with Eco-Friendly Warehousing and Distribution.

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Mr. Rajiv Meewakkala Chief Executive Officer Lion Brewery & Mr. Piyal De silva Deputy Chairman Ceyline Group

Ceyline Total Solutions, the end-to-end logistic solutions provider of Sri Lanka’s leading maritime and logistics group Ceyline, has built Lion Brewery’s first sustainability-focused warehousing and distribution center in just 100 days.

Located in Tangalle, the facility reflects a strong commitment to environmental responsibility. Half of the structure is made from repurposed shipping containers, reducing both waste and carbon emissions. The project, executed by Ceyline’s brand for sustainable living spaces “Out of the Box” features interior fittings made from recycled and reused brewery waste materials, maximizing sustainability and cost efficiency. Ceyline also has already applied for CEB approval to install solar power for the facility to ensure its operation is powered by clean and green energy.

Lion Brewery will further its mission for an efficient and eco-friendly supply chain by incorporating elements such as electric forklifts, rainwater harvesting, and energy-efficient lighting.

This collaboration not only delivers a pioneering green logistics facility but also sets a new benchmark for sustainable warehousing in Sri Lanka. It showcases the power of collaborative innovation in driving responsible industrial development.

Kaveen Gayathma, Senior Vice President (Outbound Logistics) of Lion Brewery, added, “This project further strengthens our distinctive ‘route-to-market’ approach. Our collective efforts in conceptualizing,

drafting, and crafting have culminated in the creation of a truly one-of-a-kind model. The company’s unwavering commitment to environmental stewardship and sustainability is clearly demonstrated here, all while achieving our strategic objectives in a practical and cost-effective manner.”

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