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BOI entities’ 1H 2021 export value comes close to 2019 performance

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The Board of Investment (BOI) enterprises have cumulatively achieved a year-to-date export value for the first six months of the year almost on par with 2019 pre-pandemic levels, BOI said recently.

“Year 2019 has been considered one of the best years for export growth in Sri Lanka’s history and the ongoing vaccination drive aims to support businesses to continue that momentum unhindered to surpass the 2019 full year export value,” the BOI said.

Sanjaya Mohottala, Chairman BOI said “Currently, BOI enterprises represent 85% of national industrial exports of Sri Lanka, and we remain committed to the safety of the people and the continued productivity of all manufacturing entities under our purview. I would like to express my sincere appreciation to all stakeholders who supported the BOI in this vaccination drive. Furthermore, to have almost matched the 2019 year-to-date export value, amidst the debilitating effects of the COVD-19 pandemic, is a testament to the resilience of the country’s export capability. With a total workforce that is soon to be armed against the pandemic, we have every reason to be confident of pursuing an agenda of aggressive economic development for Sri Lanka.”

The BOI has completed administering the first dose of vaccine against the COVID-19 pandemic to employees of all 14 export processing zones across the country.

BOI is carrying out a simultaneous drive to inoculate employees in manufacturing entities under its purview outside of the zones as well. Through these initiatives, the BOI aims to administer the first dose of the vaccine to all employees totaling nearly 500,000 by mid of August this year.



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Business

The Kingsbury, Colombo Appoints Nandana Wirasinha as GM

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The Kingsbury announced on Friday the appointment of Nandana Wirasinha as its new General Manager. This pivotal appointment heralds an exciting chapter in the hotel’s journey as it continues to redefine excellence and innovation in Sri Lanka’s luxury hospitality landscape.

Wirasinha brings with him nearly three decades of international hospitality experience, having held senior leadership roles with some of the world’s most esteemed hotel brands. His distinguished career spans all facets of hotel management, including operations, revenue strategy, guest engagement, culinary excellence and operational efficiency. Of particular note are his accomplishments at Jumeirah Hotels & Resorts in Dubai and Abu Dhabi, where he played a key role in delivering benchmark-setting service and guest satisfaction.

Renowned for his ability to build high-performing teams and drive sustained revenue growth, Wirasinha has a proven track record of elevating service standards across the board. During his tenure in the UAE, he led multiple award-winning restaurants in Abu Dhabi, four of which received the coveted Triple Black Hat status in the prestigious ‘What’s On Abu Dhabi Black Hat Guide’—widely considered the region’s equivalent of the Michelin Guide. His leadership has consistently translated into enhanced guest satisfaction, operational excellence, and outstanding business performance.

A committed lifelong learner, Wirasinha is an alumnus of Cornell University with a Certificate in Hotel Real Estate Investment and Asset Management. He also holds an Associate of Arts Degree in Tourism and Hospitality from The Emirates Academy, has completed the Cornell CXO Leadership Programme, and is currently pursuing a Master’s in Business Management at the Postgraduate Institute of Management, Sri Lanka.

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Sri Lankan F&B Exporters Participate in Toronto trade show

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More than 15 Sri Lankan food and beverage export companies participated in the SIAL Canada 2025 trade show held at Enercare Exhibition Centre, Toronto, from April 29 to May 1, the SL consulate in Toropnto said.

SIAL Canada is one of the major annual trade shows in the food and beverage sector in Canada, attracting over 1,000 exhibitors and brands from 44 countries, with more than 21,000 professionals from 77 countries in attendance, and representation from all Canadian provinces.

The Consul General visited the trade show and met with the representatives of Sri Lankan companies supporting their efforts to expand their business network with key supply chains and leading retail business entities in the Canadian market.

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ComBank launches timely vehicle leasing promotion

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As new vehicles begin arriving in the country after a lapse of several years, the Commercial Bank of Ceylon has announced it will support the aspirations of vehicle buyers with an attractive leasing package for a limited duration.

The Bank said it would offer special interest rates, customized payment plans, discounts on first-year insurance premiums, a waiver of 50% on commission fees with a minimum charge of Rs 10,000 on Letters of Credit opened, and a free credit card with joining fee and the first year’s annual fee waived off, for leasing facilities obtained before 31st May 2025.

Quick and hassle-free approval of leasing facilities and special discounts on vehicle spare parts would also be part of the package for these customers, the Bank said. These special benefits would apply to leases of unregistered vehicles.

Commercial Bank offers one of the lowest rentals on vehicle leases, Rs 1,598 for every Rs 100,000 for a seven-year lease.

Commercial Bank leasing customers have the option of tailor-made leasing options that suit individual income patterns, via the Bank’s Super Leasing and Hybrid Leasing facilities.

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