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John Keells Properties & ComBank launch two year-interest free mortgages

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Nadeem Shums  – Head of Sales, John Keells Properties, Roshanie Jayasundera-Moraes – Chief Marketing Officer, John Keells Properties, Nayana Mawilmada – Sector Head, John Keells Properties, Rushanka Silva – Chairman, Braybrooke Residential Towers, S. Renganathan  -Managing Director/ Chief Executive Officer, Commercial Bank, Sanath Manatunge- Chief Operating Officer, Commercial Bank, Hasrath Munasinghe – Deputy General Manager-Marketing , Commercial Bank, Dushmantha Jayasuriya – Senior Manager-Retail Products Dept, Commercial Bank

In a first for Sri Lanka, John Keells Properties (JKP) -through a strategic collaboration with Commercial Bank-has launched ‘Freedom Mortgages’, a new home financing solution which waives the interest on home loans for TRI-ZEN buyers for a period of two years, while also allowing minimal cash outlays during the construction period, JKP and ComBank said in a news release.

“This innovative financing instrument, available exclusively for customers of John Keells Properties, puts housing in the heart of Colombo within reach for aspiring homeowners,” it said. “Through this tie-up, those interested in investing in property can now avail of this landmark mortgage plan tailored exclusively for TRI-ZEN, the JKP smart-home concept development located at the heart of Colombo 02.”

It said potential homeowners will benefit considerably, with just a minimal down payment and no interest payments for two years. Additionally, buyers can also choose from a suite of mortgage packages with attractive interest rates starting from just 8.75% per annum, where the interest rates can be fixed for a five to twenty-year period.

With this new scheme, John Keells Properties continues to provide innovative customer friendly solutions, the release said.

“We are extremely excited to launch this landmark new product to the market,” said Nayana Mawilmada, Sector Head, Property Group, John Keells Holdings, of the new scheme. “This novel plan will give homeowners the opportunity to purchase a TRI-ZEN apartment without the burden of having to pay the interest on its mortgage for a period of two years during the construction period of the project.”

As the largest and most awarded bank in Sri Lanka, Commercial Bank has always set the bar high, as it does with its unmatched mortgage rate offering as well: a five-year fixed rate at 8.75%, and a ten-year fixed rate starting from 9.00%.

“We are pleased to partner with John Keells Properties to facilitate this pioneering plan, as we align in our understanding of the flexibility buyers look for when it comes to their home loan facility,” said Mr. S. Renganathan, Managing Director of Commercial Bank. “Commercial Bank has always been dedicated to helping investors and end-users find and secure the best, most suitable home financing solutions, tailored to their individual requirements.”

The one, two, and three-bedroomed apartment units at TRI-ZEN, the 53-storey development is a joint venture between Indra Traders (Pvt) Ltd and John Keells Holdings PLC. When complete in 2023, the development will have a total of 891 ‘smart home’ units, each tastefully designed and equipped with a suite of key amenities. With its enviable address, competitive price tag -starting at Rs 26 million-, and the range of conveniences and facilities afforded exclusively to its resident community, TRI-ZEN is slated to be the most anticipated property and living experience for urbanites looking to set up their dream home.

The first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 10 years consecutively, Commercial Bank is celebrating its 100th anniversary this year. The bank, which won more than 50 international and local awards in 2019, operates a network of 268 branches and 865 ATMs in Sri Lanka.

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay Pyi Taw; and the Maldives, where the bank has a fully-fledged Tier I Bank with a majority stake.

(For further information John Keells Properties can be reached on +94702294294 or www.trizen.lk.)

 



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Farmchemie becomes the first Sri Lankan owned company to receive FAMI-QS certification

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Farmchemie has obtained FAMI-QS certification being the first Sri Lankan owned company certified with FAMI-QS. FAMI-QS stands for Feed Additive and pre-MIxture Quality System, which compromises the safety of animal feed and the quality of processed goods in accordance with European regulation no. 183/2005 on animal feed. Farmchemie is a BOI approved leading manufacturer and exporter of animal feed additives and nutritional supplements in Asia. Farmchemie is equipped with a state-of-the-art manufacturing facility from Bühler, Switzerland to offer quality assured manufacturing services for world-renowned European brands as well as own brands under Farmstar. Farmchemie has already established their presence in numerous international markets such as India, Bangladesh, Nepal, Kuwait, Lebanon, UAE, Egypt, Thailand, Vietnam, Malaysia, Mongolia, Cambodia and Uganda. FAMI-QS will enable them to expand their markets including the European and USA.

“We are honoured to announce that Farmchemie becomes the first Sri Lankan-owned company to be certified with FAMI-QS in combination with ISO 9001: 2015 and Good Manufacturing Practices certification for animal feeding. By attaining FAMI-QS, we are able to anticipate the expectations of our clients for safe, high-quality goods by lowering the related risk and enhancing the quality of onsite feeds via a supply chain that is properly guaranteed. For that Farmchemie implements measures for Feed Fraud and Feed Defense according to FAMI-QS supply chain integrity module V2. We would like to express our heartfelt appreciation to our customers and suppliers for their continued support and dedication. We look forward to elevating the firm to new heights in the coming months and years, as our aims will always be centered on quality assurance and innovative manufacturing.” Managing Director Uditha Wanigasinghe stated.

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Exports Gold Award for Textrip

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Textrip Pvt Ltd, the export arm of the Elasto Group, was recently recognized, as the gold award winner for rubber and rubber-based products, medium scale category at the NCE Export Awards ceremony held recently in Colombo. The Chairman and Managing Director of Elasto Group, Mangala Gunasekera accepted the award at the gala event held at Shangri La Hotel. The national export awards ceremony, organized by the National Chamber of Exporters (NCE), recognizes and rewards Sri Lankan exporters on their performance in the international market.

“We always strive to manufacture high-quality rubber-based goods, using the latest technology, adhering to the highest international standards, and showcasing Sri Lanka on the global stage. I would like to thank our clients, locally and internationally for their continuous trust and my staff for their hard work and dedication. They are the pillars of our success,” Managing Director of Elasto Group, Mangala Gunasekera stated. Textrip products have obtained a number of national and international quality standards such as ISO 9001:2015, ISO 14001:2015, CET, REACH and their products are designed to adhere to the ‘Wellness Wisdom’ theme. The company works with over 100 top sports and wellness brands and exports to more than 30 countries including European countries and the United States. TEXSTRETCH Progressive Exercise Resistance Bands is one of the most popular products of the company. The product is a great full-body workout solution for users of any level.

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Sri Lanka Tourism returns to Spanish market after pandemic

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Spain is one of the fastest recovery markets for Sri Lanka Tourism after the pandemic and participation in FITUR argues well for the much-needed exposure for Sri Lanka as an attractive tourism destination for Spanish-speaking countries, contributing in a substantive manner to its overall growth strategy. Sri Lanka Tourism made the presence with the 28 private sector companies at 43rd edition of FITUR International Travel Mart which was held from 18- 22 January 2023, Madrid, Spain. FITUR is the largest tourism event in the Spanish Market where all the sectors leisure, business and MICE tourism meet under one roof.

Sri Lanka Tourism stall was ceremonially opened by Mr.Chalaka Gajabahu ,Chairman of Sri Lanka Tourism Promotion Bureau and Honorary Consul of Sri Lanka in Barcelona, Mr. Agustin Llana and representatives of the leading private sector members of Sri Lanka.

Sri Lanka was able to attract high level of attention from the trade and travel visitors attended at the event. The Sri Lanka pavilion highlighted many aspects of its potential culture, beauty, Ayurveda and many more which Sri Lanka would offer as a tourism destination. Sri Lanka stand optimized the “So Sri Lanka” and “Visit Sri Lanka” vivid sights to attract the potential visitor segments. At the Sri Lanka pavilion, Ceylon tea was served for the visitors with a view of promoting Ceylon tea in the Spanish market.

On the sideline of the FITUR travel fair, Sri Lanka Tourism Promotion Burau officials participated at the events organized by the UNWTO. During the events, SLTPB officials met with the Mr.Harry Hwang , Director of Regional Department for Asia and the Pacific, UNWTO.As a result of discussions, Mr.Harry Hwang has shown the interest to hold the UNWTO Joint commission in Sri Lanka in 2024.

Meantime, the SLTPB and Sri Lanka Embassy of France also took steps to arrange Business Meetings, exclusive media interviews, Air Line meetings at the FITUR 2023. The Media gathering conducted during the fair created the great opportunity to highlight the updates on the destination and create awareness on the destination.

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