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Political VIPs notably absent at Japanese FDI project launch

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From Left: Ryo Takarada, Chief Architect, Granbell Colombo, Kiyoshi Yasuno, Chief Executive Officer of Belluna Co. Ltd, Mizukoshi Hideaki, the Japanese Ambassador to Sri Lanka

by Sanath Nanayakkare

There was notable absence of political heavyweights at the launch of a major foreign direct investment (FDI) hotel project in Colombo last week, arguably reflecting declining appeal of politicians.

Without the participation of any Sri Lankan political VIPs to cut the ribbon or make the keynote speech, the Granbell Hotel Colombo – a USD 60 million worth Japanese hotel in the heart of Colombo, opened its doors warmly welcoming all to experience a fusion of Japanese and Sri Lankan hospitality.

Granbell is the sister property of Le Grand Galle, inaugurated in August 2018 by Asia Leisure and with Belluna Co. Ltd, Japan.

The grandeur of the occasion was celebrated by none other than Mizukoshi Hideaki – the Japanese Ambassador to Sri Lanka who was the chief guest for the occasion.

Having announced that the launch of the hotel was in line with the long-standing friendship between Sri Lanka and Japan which dates back over 70 years, the Japanese Ambassador together with several Japanese invitees including, Kiyoshi Yasuno – the President of Belluna Co. Ltd and Ryo Takarada, Chief Architect of Granbell Colombo inaugurated the hotel.

The Granbell Hotel Colombo is owned and managed by the leading Japanese company Belluna Co. Ltd, a listed company in the Tokyo Stock exchange. It adds to a growing portfolio of properties around the world owned and managed by Belluna.Co.Ltd. The hotel chain includes 17 properties in Japan, one in Hawaii, one in the Maldives and two in Sri Lanka.

The project commenced in 2016 with a foreign direct investment of USD 60 million. The construction was carried out by the Hazama Ando Corporation of Japan and was completed in line with the highest construction standards, combining Japanese architecture and Sri Lankan craftsmanship.

Today, the hotel provides a large number of employment opportunities for the local community further strengthening the economic revival of the nation.

The Granbell is located in proximity to the Colpetty Railway Station in the heart of Colombo and provides a host of exciting facilities and services.

While the Heads of Departments and staff being Sri Lankan, the hotel also brings forth Japanese expertise with its general manager and the head chef to offer an authentic combination of the two cultures.

Opposition MP Patali Champika Ranawaka speaking in parliament two days after the opening of the Granbell Hotel said,” Some people ask why Sri Lanka isn’t convening an international aid forum to obtain the support of friendly countries to come out of the current economic crisis. Such an international aid forum can’t be convened because the international community has no confidence in the government of Sri Lanka. Friendly nations are not helping us any more. Japan, which helped Sri Lanka from time immemorial without any strings attached, had their mega projects in Sri Lanka cancelled by one single stroke of the pen overnight. If we had the $1.5 billion Japanese-funded light rail project, JICA funded project for laying 220 kilovolt underground cable from Kerawalapitiya to the Colombo Port and ADB’s railway project from Maradana to Homagama, we would have had FDIs worth USD 2 billion flowing into the country annually over a few years. Japan, our ‘biggest’ post-independence friend who had no political interest in helping us, was dropped by the government without any courtesy. In such a context, today no country is stepping forward to host an international aid forum to help Sri Lanka.”

Former prime minister Ranil Wickramasinghe said recently that he raised the matter of the Japanese light rail project with President Gotabaya Rajapaksa and that the government has begun to review it in a more favourable manner.



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HNB Assurance Recognized with Merit Award at the Great HR Awards 2025

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Team HNBA at the Great HR Awards

HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.

Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”

Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”

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MullenLowe Sri Lanka named Creative Agency of the Year in South Asia

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MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka

Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.

Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”

The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.

Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”

The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.

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ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025

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Com Bank honoured for outstanding support to Sri Lanka’s trade sector

The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.

This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.

In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.

At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.

The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.

Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.

As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.

Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.

Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.

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