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Sanjiv Hulugalle appointed CEO and General Manager of Cinnamon Life at City of Dreams Sri Lanka

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Sanjiv Hulugalle

A Global Hospitality Visionary Returns Home to Lead Sri Lanka’s Most Ambitious Integrated Resort

Cinnamon Life announces the appointment of Sanjiv Hulugalle as the Chief Executive Officer and General Manager of Cinnamon Life at City of Dreams Sri Lanka, marking a pivotal moment in the evolution of Sri Lanka’s hospitality landscape.

With a career that spans over three decades and 12 countries across five continents, Hulugalle brings to Cinnamon Life an unparalleled legacy in luxury hospitality, real estate development, and transformative leadership. From the Maldives to Canada, China to the UAE, he has been at the helm of some of the world’s most prestigious hospitality and real estate ventures.

Previously the Group President of Hospitality & Real Estate at KOHLER Co., Hulugalle drove innovation and strategic growth across a diverse portfolio. At Auberge Resorts Collection, he led the ambitious repositioning of a $210 million development. His 24-year tenure with Four Seasons saw him lead top-tier teams and deliver award-winning results across the globe.

But this latest chapter is deeply personal.

Having been semi-retired, Hulugalle’s return to Sri Lanka was sparked not by circumstance, but by calling and purpose. “This is not just a role,” says Hulugalle. “It’s a way of giving back to the country that raised me—with its gracious hospitality, boundless warmth, and vibrant soul.”

“Sri Lankan hospitality is naturally gracious and kind,” he reflects. “It’s in our DNA. My mother would’ve wanted me to return and give back.”

Redefining Colombo as a City of Dreams

With Hulugalle at the helm, Cinnamon Life is set to emerge not just as a landmark development in Colombo—but as a destination, that captures the imagination of the world. Under his leadership, City of Dreams will embody the essence of modern Sri Lanka: rooted in culture, rich in character, and radiating with opportunity.

In addition to his work in hospitality, Hulugalle is also an active investor in AI-led technologies, residential real estate, and wellness-driven consumer brands, always seeking to blend strategic foresight with heartfelt service.



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Business

Sarvodaya Development Finance joins Global Banking Alliance, set to host annual board meeting in Sri Lanka

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Chairman Channa De Silva

Remarking a new milestone in its pledged journey towards sustainable financing and inclusive financing,

Sarvodaya Development Finance PLC (SDF) has secured the full membership in the Global Alliance for Banking on Values (GABV), an international network of banks working to build a more sustainable and inclusive financial system.

Through this membership, Sarvodaya Development Finance PLC aims to strengthen its ability to create social and environmental impacts by expanding access to ethical financial tools, supporting community-led development, and promoting environmentally responsible lending. The alliance provides opportunities to engage with global peers, share practical knowledge, and adopt approaches that have worked in similar contexts around the world. It also allows Sarvodaya Development Finance PLC to align more closely with international standards on sustainable finance, build relationships with mission-aligned investors, and stay informed on evolving policy and regulatory trends. As part of this engagement, Sarvodaya Development Finance PLC will host the Asia Pacific Conference and the GABV Annual Board Meeting in Colombo on October 15–16, 2025, bringing together CEOs from over 12 countries to collaborate on advancing values-based banking across the region.

The 17th Annual Meeting of the Global Alliance for Banking on Values was held in Kampala, Uganda, under the theme “Building Resilient Futures.” The event brought leaders from over 70 member banks across more than 45 countries to the GABV network to discuss how values-based banks can respond to global challenges such as climate change, economic inequality, and digital transformation. Channa De Silva – the Chairman and the Nilantha Jayanetti – the Chief Executive Officer of Sarvodaya Development Finance PLC have represented the Company at this event.

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Empowering SMEs on capital raising through listing

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(L - R) Rajeeva Bandaranaike, Manuri Weerasignhe, Punyamali Saparamadu, Nikila Darmadasa, and J.F. Fernandopulle

The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), hosted an Issuer Forum in Gampaha aimed at supporting small and medium-sized enterprises (SMEs) in exploring avenues for capital raising through listing on the Colombo Stock Exchange.

The forum, titled “Redefining the Trajectory of Your Business”, provided guidance on exploring effective capital-raising avenues, specifically through listing on the Empower and Diri Savi Boards. These boards offer dedicated listing platforms for SMEs, focusing on sectors such as agribusiness, livestock, energy generation, ICT, and tourism-related ventures. Attracting over 70 participants, the forum offered valuable insights that were well received.

The main presentation of the evening, delivered by Mr. Nikila Darmadasa, Senior Management Associate of the Corporate Advisory Division at NDB Investment Bank Limited, educated the participants on the benefits of capital generation and mobilization through listing on the CSE, outlining the processes and advantages for businesses ready to grow beyond traditional financing models.

A panel discussion on “The Journey Towards Listing and Life After Listing” featured Manuri Weerasignhe, Director, Corporate Affairs, SEC; Rajeeva Bandaranaike, CEO, CSE; Nikila Darmadasa, and J.F. Fernandopulle, Managing Director and CEO, Mahaweli Coconut Plantations PLC. The session was moderated by Ms. Punyamali Saparamadu, Senior Vice President, Commercial, CSE. The panel offered practical perspectives on preparing for a listing, regulatory expectations, and the business journey post-listing.

This initiative reflects the continued commitment of the SEC and CSE to broaden access to capital market opportunities for SMEs across Sri Lanka, enabling them to scale sustainably while contributing meaningfully to the national economy.

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“Experience year-round peace of mind with the ultimate advantage in your wallet”

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As the festive season approaches, Sri Lankans prepare to embrace joy, celebrations, and memorable moments. However, the benefits of an NDB Credit Card extend beyond seasonal offers, providing year-round peace of mind, unmatched convenience, and financial flexibility. Here’s how NDB Credit Cards stand out as your perfect companion for every occasion.

Q: What makes NDB Credit Cards the perfect companion for this Avurudu season?

At NDB, we recognise that Avurudu is more than just a celebration; it’s a time of togetherness, new beginnings, and cherished traditions. We want our customers to embrace the season without limitations, which is why NDB Credit Cards are designed to be the advantage in your wallet—offering affordability, ease, and flexibility in spending, all while ensuring complete peace of mind.

With up to 70% savings across more than 400 merchants island-wide, customers can shop, dine, travel, and celebrate with unmatched financial ease. Beyond discounts, our credit cards offer flexible instalment plans for up to 36 months, allowing cardholders to manage expenses smartly while enjoying the best of the season with absolute confidence.

Q: What makes NDB Credit Cards a must-have all year round?

NDB Credit Cards go beyond seasonal promotions to deliver unmatched peace of mind and financial security every day of the year. Whether you’re shopping, dining, traveling, or managing essential expenses, our cardholders enjoy exclusive privileges that make every transaction seamless and rewarding.

· 0% Instalment Plans Anywhere, Anytime – Convert any purchase into an interest-free instalment plan of up to 25 months every Thursday, ensuring financial flexibility with no additional cost.

· Weekly Supermarket Savings

– Enjoy up to 30% savings at leading supermarkets every week, making household shopping more rewarding.

· 0% Instalment Plans on Home & Electronics

– Upgrade your home with instalment plans of up to 36 months at selected merchants.

· Zero Fuel Surcharge

– Signature and Infinite cardholders can fuel up without additional charges, making travel worry-free.

· Dining Privileges

– Enjoy exclusive dining offers where the cardholder dines for free or receives up to 30% savings at leading restaurants and hotels.

· Education, Insurance & Healthcare at 0% Interest

– Convert education, insurance, and hospital bills into 12-month 0% instalment plans, easing the financial burden on essential payments.

· Exclusive Travel Benefits

– Get free travel insurance, airport lounge access, and enjoy up to 60% savings at hotels locally and globally.

Q: What are the flexible payment plans available for cardholders?

We recognise that financial peace of mind is key, especially during a high-spending season like Avurudu. To ease the burden of large purchases, we offer 0% interest instalment plans for up to 36 months, allowing customers to plan their expenses efficiently while still enjoying everything the season has to offer.

One of the most attractive features of NDB Credit Cards is the ability to convert any purchase into an instalment plan of up to 25 months at 0% interest every Thursday. This means whether you are shopping for fashion, electronics, home essentials, or even paying a hospital bill, you can spread the cost over time with no extra charges. It’s financial freedom at your fingertips!

Q: How can cardholders save on everyday expenses?

With up to 30% savings at leading supermarkets every week, NDB Credit Cards help you stretch your budget further. Whether it’s groceries, fresh produce, or household essentials, you can enjoy significant discounts and keep your monthly expenses in check.

Additionally, our zero fuel surcharge on Signature and Infinite Credit Cards ensures that fuel costs remain manageable, making daily commuting or long-distance travel more affordable.

Q: What dining and lifestyle benefits do NDB Credit Cards offer?

Eating out is even more enjoyable with NDB Credit Cards. Cardholders can dine for free at selected restaurants or enjoy up to 30% savings at leading dining establishments and hotels. Whether it’s a fine-dining experience, a casual meal with friends, or a family getaway, your NDB Credit Card ensures that every occasion is stress-free and more affordable.

Q: How do NDB Credit Cards make travel more rewarding?

For frequent travelers, NDB Credit Cards offer incredible value with up to 60% savings at hotels locally and globally, free travel insurance, and airport lounge access. Whether planning a well-deserved holiday or a business trip, our cardholders can travel with unmatched confidence and peace of mind.

Q: How can customers take advantage of these benefits?

These offers are available immediately to all NDB Credit Cardholders, and customers can unlock their exclusive benefits simply by using their cards at participating merchants. For those who do not yet to experience the true advantage in their wallet, now is the perfect time to apply for an NDB Credit Card and experience the true advantage of seamless spending, exclusive rewards, and financial flexibility.

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