Business
Rs.6.5bn worth Ocean Breeze Hotel Residencies Hikka project introduced to investors
Comprises 236 luxury apartments
Chairman Global Housing and Real Estate [Pvt] Ltd, Dasun Wickramarathna, introduced his latest development, Ocean Breeze Hotel Residencies Hikka, a Rs 6.5 Billion project, to an elite audience at the Victorian Room, Kingsbury recently. Global Housing & Real Estate [Pvt] Ltd is a company that engages in condominium and real estate development activities in Sri Lanka and is a fully owned subsidiary of Global Leasing Limited (GLL) under the Global Group of Companies. The Company was incorporated in 2003 and at present counts for over 18 years’ experience in construction and real estate condominium development. “This our latest project is a guaranteed, risk free, gilt edged investment and will be funded by our Group with private partnership and banking finance which is strategically segregated in various stages of the development to mitigate the risks involved, while our bankers are Bank of Ceylon, Sampath Bank , National Development Bank, Hatton National Bank and Commercial Bank.”, said Chairman Wickramarathna, speaking at the launch.
“We hope to have the ground breaking ceremony in March this year, with project completion in 36 months. Strategically located with beach frontage in Hikkaduwa, Sri Lanka’s most happening coastal area, Ocean Breeze Hotel Residencies – Hikka is set to become a hotspot for the adventurous and free-spirited socialiser and business person who can easily cruse in from the highway for a weekend or longer, thanks to its convenient location close to the highway.
A 70-metre beach front development, lined with cool cafes, refined restaurants, a chilled-out beach club, up market boutiques and a spa, it is in close proximity to all beach activities such as snorkeling, fun boards, jet ski and a turtle hatchery, while whale watching is just a mere 15 minutes by boat. This breath-taking integrated resort will define tourism and hospitality in the area and is geared to earn a minimum 30% to 40% capital gain. The project will also generate around 400 direct and indirect job opportunities in and around the area.
“Global Housing & Real Estate [Pvt] Ltd has grown in stature over the years to become a force, having venturing into various categories and segments of the property development industry and we continuously strive ahead of our competitors in delivering products which are innovative and which add value for all our stakeholders. Whether you are a seasoned investor or a first time buyer, we at Global Housing & Real Estate take time to understand exactly what your particular needs are and offer you the best solution, along with a wide range of products which are in our portfolio, whether it’s a traditional apartment, hotel residency or mixed development, with higher long term returns which are guaranteed to exceed your expectations. We have earned the trust and confidence of our clientele and are poised to take our place as a trusted name in the property development sector as well as the undoubted No1 Hotel Residency Developer in Sri Lanka”.
All construction is carried out by the construction arm of the group, MET Developers Holdings [Pvt] Ltd.
At present the Company has diversified its product portfolio with hotel residency developments in Negombo, Sigiriya and Nuwara Eliya, in addition to traditional condominium developments.
Ocean Breeze Hotel Residencies Hikka comprises 236 luxurious apartments, elegantly designed to blend and harmonise with the natural surroundings, as well as the surrounding cultural and traditional aspects, and is built according to stringent quality standards, and fitted with modern amenities to cater to even the most discerning client. Ranging from 400 sqft Studio Units to 1721 sqft three bedroom Duplex Dual Key apartments over 22 floors, the apartments cater to all your needs and gives one an affordable hotel experience coupled with the advantage of owning a superior property on the famous Hikka beach. Prices range from Rs.13.5M to Rs.100M plus, with attractive interest free repayment schemes facilitated by leading banks in the country to be paid in 36 months. “Investors could enjoy value added services of generating long term revenue generation by renting, as we offer management of property, thus making it a hassle free investment”.
Designed by Anushka Dassanayake who is the project architect, investors could avail themselves of an , investors could avail themselves of an apartment by merely paying a reservation fee of Rs 500,000/- and a 10% down payment.
ETM Leisure Ltd, a fully owned subsidiary of Global Leasing Ltd has been set up to manage the property and generate revenue on the longer run, making it a hassle free one stop shop for investment. With regards to training, Chairman Wickramarathna said ” I believe in the long term retention of employees, hence we recruit them young and train them on the job to gain experience and exposure under our skilled senior staff”.
Global Housing and Real Estate [Pvt] Ltd caters to the style-conscious traveler in some of the most sought-after destinations in Sri Lanka whilst generating revenue and value for its investors and owners. “We also intend expanding to Ella and Trincomalee as with the development of the highway network, it makes it worthwhile to interconnect all our properties which are within minutes of the highways”.
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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