Connect with us

Business

Pan Asia Bank partners CBH Lands to assist potential land buyers

Published

on

MD/CEO of Pan Asia Bank Nimal Tillekeratne and the Chairman of CBH Lands Yatila Wijemanne are seen exchanging the agreement. Also in the picture from left are, Anuradha Ranaweera –Senior Manager Central Sales, Shiyan Perera-AGM Retail Credit, Naleen Edirisinghe –Senior DGM of Pan Asia Bank and the Deputy Chairman Manjarie Tissera of CBH Lands

 

Pan Asia Bank, which has played a pivotal role in promoting the development of the local economy as part of its commitment to nation-building by partnering SMEs, reflects its promise to be a truly Sri Lankan bank for all. This newest initiative by Pan Asia Bank offers assistance to potential home buyers to access CBH’s real estate offerings through the Bank.CBH Lands is a trusted Real Estate Developer mainly focused in the Kurunegala District, which is developing rapidly, especially with the new Central Expressway.

In this context, Pan Asia Bank offers potential buyers’ – funds to place a down-payment when reserving land through CBH Lands. This unique arrangement fulfills the buyer’s initial financial requirement to secure the land for full purchase later on. It also gives buyers ample time to arrange for the balance payment when it falls due and helps them realize their dreams of owning an idyllic home in a rapidly-growing suburb.

This groundbreaking offering is the first of its kind in banking history where a personal loan of this nature has been developed. Pan Asia Bank is pleased to support and share a part of the financial liability of the client with a view to paving the way for the client to acquire a stable asset with long-term potential which will appreciate in value. Thus, Pan Asia Bank is encouraging citizens to own a land or home within the country, promoting financial security for people.

CBH Lands has embarked on a number of developments across the entire Kurunegala district. All developments undertaken by CBH Lands have been approved by the necessary government institutions and bodies, legally clean land plots with all infrastructure developed ready for immediate investment. This provides an ideal opportunity for the investor as all the red tape has been cleared by CBH Lands. These lands are obtained by identifying potential hotspots through intensive research carried out by the company’s research arm and the ground selection. As such, it ensures that the lands are affordable owing to their strategic locations.CBH Lands caters to a diversified array of clients who need property for residential purposes and long-term investment purposes such as business collateral, university /college funds and retirement purposes. A respected name in real estate development close to a decade, the objective of CBH Lands is investment and sales across the country, especially within Kurunegala District in the North Western Province. The exclusive mark of excellence of CBH Lands is that they have customized the locality and the size of the land in accordance with the requirements of the client, whilst ensuring that the land is screened, legally cleared and then developed according to the needs of the client.

Pan Asia Bank lives up to its pledge to be a Truly Sri Lankan Bank by extending financial security and peace of mind to citizens while uplifting their lifestyles with its unique products and services. With the Sri Lankan economy at a crucial juncture, Pan Asia Bank is encouraging financial stability and promoting investments to stimulate the economy, by facilitating the SME sector as well as the general public in acquiring an asset which can be further described as a twofold contribution to the economy.

Pan Asia Bank was crowned the “Fastest Growing Commercial Bank in Sri Lanka 2021” by International Business Magazine in 2021. Moreover, the Bank was recently bestowed with the prestigious “Best Bank for Treasury Activities Sri Lanka – 2021” awarded by the Global Banking & Finance Awards 2021.

As the Truly Sri Lankan Bank, Pan Asia Bank aims to uplift the lifestyles of customers in a way that supports them to achieve their dreams. As a reliable and strong partner in every customer’s journey to financial prosperity, Pan Asia Bank has devised a variety of sustainable products and solutions to meet people’s aspirations.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

USD 50 mn battery storage investment expected to power SL’s renewable energy push

Published

on

Arrival of the Battery Energy Storage System

Sri Lanka has taken a major step towards modernising its power infrastructure with the arrival of the country’s first commercial-scale Battery Energy Storage System (BESS), part of a USD 50 million investment expected to transform the integration of renewable energy into the national grid.

The first shipment of battery units arrived at the Port of Colombo recently for the landmark Galle and Matara BESS projects being developed by Galilee BESS (Pvt) Ltd, a subsidiary of KHEN Energy Limited. The projects are expected to play a pivotal role in enhancing grid stability, reducing renewable energy curtailment and strengthening the country’s energy security.

The shipment comprised 25 containers, including 18 battery units weighing 42 metric tonnes each, making it one of the largest and most technically demanding renewable energy cargo movements handled in Sri Lanka to date.

Energy industry officials describe the project as a milestone investment that will help bridge one of the biggest challenges facing renewable energy development—storing electricity generated from intermittent sources such as solar and wind power for use when demand peaks.

Once operational, the BESS facilities will support the National System Operator by absorbing excess renewable energy during periods of high generation and releasing it when required, thereby improving efficiency and reliability across the power network.

The technology is being supplied by global energy storage leader Sungrow Power Supply Co., Ltd., reflecting growing international confidence in Sri Lanka’s renewable energy sector and its long-term clean energy ambitions.

Beyond its energy significance, the project also highlights the increasing scale and sophistication of infrastructure investments entering the country.

Expolanka Freight (Pvt) Ltd was entrusted with the end-to-end logistics operation, overseeing customs clearance, specialised transportation, storage, unloading and final placement of the battery units at the project sites.

Finance and Project Director Fazul Ansar said the operation required extensive engineering studies, route assessments and rigorous safety planning owing to the hazardous classification and extraordinary weight of the cargo.

Head of Project Logistics Mohamed Niyas said months of preparation had gone into route surveys, lifting studies and risk mitigation planning to ensure the successful execution of the project.

Project officials said specialised multi-axle trailers and cranes with lifting capacities ranging from 100 to 150 tonnes were deployed for the operation, while access modifications and last-mile transport solutions were implemented at both project locations.

By Ifham Nizam

Continue Reading

Business

AI and Data Analytics Summit 2026 drives the nation’s digital future

Published

on

Deshan Liyanage / Ransith Fernando / Prof. Lasith Gunawardena

The AI and Data Analytics Summit 2026 organised by the Sri Lanka Section of BCS, the Chartered Institute for IT was successfully held on 22nd May 2026 at Waters Edge, Colombo. The high-impact summit themed “Next Generation AI & Data Analytics: Skills & Thoughts for the Intelligent Future” brought together senior policymakers, global technology experts, industry leaders, academics, and innovators to explore how Artificial Intelligence (AI) and Data Analytics are reshaping the nation’s digital and economic future.

The event, endorsed by the Ministry of Digital Economy, was graced by Waruna Sri Dhanapala, Secretary to the Ministry of Digital Economy, who attended as the Guest of Honour, underscoring the government’s strong commitment to advancing AI adoption, digital innovation, and data-driven governance in support of Sri Lanka’s broader public sector transformation agenda. Dr. Sadeep Jayasumana, Chief Scientist at Octave, delivered the keynote address on Generative AI, sharing insights into its transformative potential.

Speaking on the significance of the summit, Prof. Lasith Gunawardena, Chairman the Sri Lanka Section of BCS, the Chartered Institute for IT noted that Artificial Intelligence and Data Analytics have become present-day enablers of innovation, economic growth, and societal progress. He emphasized that the summit was guided by BCS’s purpose of Making IT Good for Society and by the national need to bring together thought leaders, practitioners, policymakers, and industry experts to foster collaboration, knowledge sharing, and the responsible adoption of transformative technologies, thereby strengthening Sri Lanka’s digital readiness and supporting a resilient, inclusive, and globally competitive digital economy.

Ransith Fernando, Chair of the summit mentioned ” This year’s summit brought together 21 speakers who shared valuable insights, ideas, and experiences. We heard inspiring success stories, gained practical knowledge from industry practitioners, and explored strategic perspectives from business leaders. These conversations highlighted both the opportunity and the responsibility before us. While innovation is accelerating globally, Sri Lanka must align policy, talent, and industry readiness to truly operationalize AI at scale and ensure an inclusive and sustainable digital transformation.”

Deshan Liyanage, Co-Chair of the AI and Data Analytics Summit 2026 commented that this year’s summit was a fully sold-out event, reflecting the growing national momentum around Artificial Intelligence and Data Analytics in Sri Lanka. He extended heartfelt gratitude to all participants who joined and contributed to the success of the summit, as well as to the sponsors whose support made the event possible. Special appreciation was conveyed to Sysco LABS as the Strategic Partner, Linear Six as the Bronze Partner, InTalent Asia as the Resource Partner, and Motivista as the Event Partner. He also acknowledged the valuable collaboration of industry associations including SLASSCOM, FITIS, and CSSL, whose partnership helped strengthen and elevate the initiative.

Continue Reading

Business

Eswaran Brothers empowers women through a transformative leadership journey

Published

on

Participants of Eswaran Brothers Exports’ She Transforms leadership development programme

As part of its commitment to advancing women’s empowerment and building a stronger leadership pipeline, Eswaran Brothers Exports (EB), a leading tea manufacturer in Sri Lanka, launched its flagship women’s leadership initiative, She Transforms, a customized six-month leadership development journey. Developed with award-winning leadership expert Senela Jayasuriya and supported by Value for Women, the programme forms a key pillar of the Company’s wider gender agenda focused on leadership capacity building, inclusion and long-term institutional change.

Women make up 44% of Eswaran Brothers’ workforce, yet only 23% held senior roles at the time of an initial gender diagnostic conducted with Value for Women and supported by FMO, the Dutch Development Finance Bank. The assessment found that despite their potential, many women faced unclear career pathways and limited structural support at critical life stages.

In response, Eswaran Brothers introduced strategic mindset and policy interventions designed to remove barriers and create a more enabling environment for women to grow and lead. These efforts included mentorship opportunities, enhanced support for employees returning from maternity leave, coaching for managers, and initiatives aimed at strengthening inclusion and career progression across the organization.

Continue Reading

Trending