Business
South Korean hospital presents generous gift to Sri Lanka
Ambassador Dr. Mendis and Most Venerable Vijithawansha Thero accepting the medical material from the senior medical staff of the Gwanghye General Hospital in Busan
The embassy of Sri Lanka in the Republic of Korea, in close coordination with the Sri Lankaramaya Temple in the City of Daegu, managed to convince the senior most officials and medical team of Gwanghye General Hospital in the City of Busan to gift over 100 medical beds, wheelchairs and other medically important material to the embassy of Sri Lanka to be shipped to select hospital in Sri Lanka.
In this regard, the Ambassador of Sri Lanka, Dr. A. Saj U. Mendis, and Chief Incumbent of Sri Lankaramaya Temple, Most Venerable Katuwana Vijithawansha Thero, travelled to Gwanghye General Hospital in Busan, approximately 400 Km from Seoul, to receive the medical beds, wheelchairs and other medical material/accessories from the hospital in a ceremonial ambiance.
At the handing over ceremony at the Gwanghye General Hospital in the presence of the senior most medical and administrative officials of the hospital, Ambassador Dr. Mendis, in his opening remarks, stated that gifting of these sparingly used medical beds, wheelchairs and new medical accessories would assist and facilitate a number of patients in hospitals in Sri Lanka. Dr. Mendis further enunciated and impressed the fact that just over four decades ago, the Republic of Korea was an aid-recipient nation and today it has evolutionized to one of the more generous aid-giving nations in the world. The Executive Director of the Gwanghye General Hospital, Dr. Lee Jae Won, stated in his address that it gives deep pleasure and privilege to gift the aforementioned medical material to Sri Lanka. He further added that in the near future, the hospital would be able to extend more assistance to the embassy of Sri Lanka by gifting more medical material including medical beds. The Most Venerable Vijithawansha priest, who was instrumental in connecting the Hospital with Ambassador Dr. Mendis, stated that assisting the sick or unwell persons, either physically or mentally, is one of the noblest acts a person or an institution could fulfil or realize.
Once the medical material including the medical beds were handed over to the embassy, Sri Lankan well-wishers in the region were present to transport the medical material to a warehouse in Busan to be shipped to Sri Lanka. It may be highlighted that Trico Cargo of South Korea and Sri Cargo, both operated and owned by Sri Lankan nationals volunteered to ship them to Sri Lanka at their own cost. The aforementioned medical material including the medical beds would be shipped to the Sri Lanka Army (SLA) since the SLA are constructing a hospital in the region of Kandy in Sri Lanka.
Ambassador Dr. Mendis and Most Venerable Vijithawansha Thero assured the Sri Lankan community, who was present at the ceremony, that the embassy, in close coordinaton with the Sri Lankaramaya Temple, would endeavor and strive, relentlessly and unremittingly, to provide particularly beds including medical beds to each and every hospital in Sri Lanka, thus facilitating and accommodating each and every patient in those hospitals to be secured with a comfortable bed, during their sicknesses or illnesses. On a separate note, another patron of the embassy and Sri Lankaramaya Temple, Beung-gu Hur, a leading Korean business personality in the region of Busan, pledged to provide nearly 150 more medical beds to Sri Lankan hospitals, once this consignment is shipped to Sri Lanka.
Business
Ambeon Securities hosts exclusive investor forum on Sri Lanka’s economic and market outlook
Ambeon Securities recently hosted an exclusive investor forum, bringing together clients, investors, business leaders, and market professionals for an insightful discussion on Sri Lanka’s economic outlook and investment opportunities amidst a challenging global landscape.
The event was organized with the objective of providing investors with valuable insights to make better-informed investment decisions while further strengthening the firm’s engagement with its growing client base.
The forum featured Baqar Zaidi, Director and Chief Economist for Sri Lanka and India at Citi Research, as the keynote speaker. Sharing his perspectives on the evolving global macroeconomic environment, Mr. Zaidi discussed key themes influencing emerging and frontier markets, Sri Lanka’s economic trajectory, and the opportunities lie ahead.
The keynote address was followed by an engaging panel discussion comprising Baqar Zaidi, Aravinda De Silva, respected investor, entrepreneur, and the Chairman of Arcasia Holdings. Hasitha Premaratne, Group Managing Director of Brandix and Asanka Herath, Chief Executive Officer – Unit Trusts and Head of Equities at LYNEAR Wealth Management.
Moderated by Imran Furkan, the panel explored a range of topics including Sri Lanka’s macroeconomic outlook, the future of the Colombo Stock Exchange, sectoral opportunities, capital allocation strategies, investor confidence, and the role of policy reforms in attracting investment and supporting long-term growth.
Speaking at the event, Charith Kamaladasa, Chief Executive Officer of Ambeon Securities, reaffirmed the company’s commitment to facilitate quality insights, informed perspectives, and meaningful dialogue to support their clients while building lasting relationships with them. He noted that in an environment where uncertainty has become the new normal, equipping investors with timely information and expert perspectives is essential for successful wealth creation.
The event was well attended by a distinguished gathering of institutional investors, high-net-worth investors, and business leaders. Among those present were members of the Ambeon Group Board, including Group Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, and Chairman of Ambeon Securities Mangala Boyagoda. Their presence, together with the participation of Ambeon Group shareholders and valued clients, enriched the discussions and contributed to a vibrant networking session, fostering meaningful dialogue and stronger connections within the investment community.
Through initiatives such as this, Ambeon Securities continues to reinforce its commitment to helping clients navigate evolving market conditions, make informed investment decisions, and achieve their long-term financial goals.
Business
Tata Group leads humanitarian education support initiative with DIMO and ChildFund
The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods.
Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in December 2025. Recognizing the urgent need, several Tata companies joined forces to implement the response program.
As part of this initiative, the ‘Hope in a Backpack’ programme, which provides disaster-affected children with essential educational supplies, was launched by the Tata Group at Taj Samudra, Colombo, in the presence of the Chief Guest, Hon. Prime Minister Dr. Harini Amarasuriya; the Guest of Honour, Hon. Indian High Commissioner Santhosh Jha; Ranjith Pandithage, Chairman of DIMO; Chacko Thomas, Group Chief Sustainability Officer, Tata Sons; and Aditi Ghosh, Country Director, ChildFund.
This initiative is part of DIMO’s Social and Community Pillar, under the project theme ‘Lassana Hetak,’ which focuses on giving the future generation a helping hand towards a better future.
This collective effort was further strengthened by volunteers from Tata and DIMO, who actively mobilized on the ground to pack, distribute, and support affected communities. During the proceedings, specially invited schoolchildren received the backpacks with essential supplies as well.
Commenting on the partnership, Ranjith Pandithage, Chairman of DIMO, said: “DIMO is proud to collaborate on this meaningful initiative alongside the Tata Group and ChildFund as the local implementation and logistics partner. Our relationship with Tata spans more than six decades and has been built on a shared commitment to ethical business practices, trust, and creating lasting value for the communities we serve. These values have shaped our partnership over the years, extending beyond business to initiatives that make a meaningful difference in people’s lives.”
Business
NovaNest Properties launches Rainbow Apartments in Ratmalana
NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market.
The development is designed to cater to homebuyers seeking modern urban living, as well as investors looking for long-term value. Rainbow Apartments is located in Ratmalana, an area of increasing residential interest, and benefits from the suburb’s established social infrastructure, proximity to major transportation links, and accessibility to Colombo.
The project reflects NovaNest Properties’ commitment to delivering quality residential developments that combine contemporary design with practical living. Intended to satisfy the evolving lifestyle demands of today’s homeowners, Rainbow Apartments features thoughtfully designed living spaces supported by modern amenities. These include two infinity pools, a gym, fully functional workspaces, a mini theatre, stylish cafés, a mini-mart, and a children’s daycare. Additionally, it features a full time medical centre backed by Nawaloka Hospitals PLC Colombo, with a 24-hour ambulance service.
Commenting on the launch, the Chief Executive Officer of NovaNest Properties (Pvt) Ltd, Samitha Waidyasekera, said, “Today’s buyers are looking beyond square footage. In addition to providing long-term value, they want homes that are close to the places where they work, learn, and spend their time. With that shift in mind, Rainbow Apartments was created to bring together a strategic location, thoughtful design, and quality construction in a way that will continue to meet buyers’ needs for years to come. Through our promise of ‘Luxury Beyond Expectations,’ we are committed to delivering an elevated lifestyle experience that combines comfort, convenience, and modern living.
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