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NDB Wealth encourages financial freedom this Independence Day

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Expert financial wealth planner, NDB Wealth Management encourages Sri Lankans to actively seek financial freedom as the nation celebrates the 73rd Independence Day today. NDB Wealth has strategized to advocate financial security to their loyal customers by educating them on the benefits of financial freedom. Growth and Income fund from NDB Wealth and Money Plus Fund from NDB Wealth are great options to not only build a reserve of savings that can be utilised to meet any unexpected and special requirements of your family or business but also to improve overall returns while thoughtfully considering the associated risks.

“Financial freedom offers the ultimate antidote to life’s financial worries – and here at NDB Wealth, we provide you with a portfolio of optimum solutions that work around the clock for your money, even while you are asleep. Today, as we celebrate Independence Day in our country, the time’s right to celebrate a future of financial freedom for you and your loved ones,” commented Ruwan Perera, Chief Operating Officer.

Elaborating further, he added, “Independence Day 2021 is the perfect time to take control of your finances and achieve financial freedom. Our team of experts will help you put together a thorough and in-depth plan that not only meets your immediate needs but also prepare you for any future expenses. Our team will carefully analyse to strike the right balance in order to gain the suitable returns whilst taking the minimum or manageable risks, allowing you to enjoy true financial freedom.”

NDB Wealth’s Growth and Income fund, an open-ended balanced fund is the ideal account for the ‘balanced investor’ who has a moderate inclination towards risk. The fund allows investors to take calculated risks and gives returns from both the stock and bond markets. The income generated from stocks as dividends and interest from the bonds and capital gains can be withdrawn anytime without a penalty.

Money Plus from NDB Wealth is an excellent account that offers a range of benefits similar to a fixed deposit with the added flexibility of withdrawing funds at any time without a penalty. It is also the ideal account for busy individuals who are too busy to keep track of their finances since the income from the account is credited daily, relieving you of that extra burden. Money Plus offers a current yield of 6.00% per annum as at 28th January 2021. 

It’s time to gain financial freedom. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship manager and set up your Money Plus or Growth and Income fund account. You can also visit their website to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you and your family in achieving full financial independence, with all the benefits entailed therein.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved



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Dulux colours Architect 2023 exhibition with vibrant and engaging presence

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Dulux -Sri Lanka’s, a leading manufacturer of paints and coatings – is celebrating the successful close of its participation at Architect 2023, also taking home an award for the ‘Best Trade Stall with Innovative Use of Colour’.

Organised by the Sri Lanka Institute of Architects -and now in its 41st year- this year’s edition of the Architect 2023 annual trade fair took place from February 24-26 at the BMICH, and witnessed greater participation from leading companies and entrepreneurs actively involved in the various construction and architecture sectors; both locally and internationally, a company news release said.

“Dulux established a strong presence at the event with a spectacular exhibit themed Colour Futures ’23, featuring its 2023 Colour of the Year: Wild Wonder. Visitors to the stand were able to explore the four colour palettes, Lush, Buzz, Raw and Flow, inspired by the nature-influenced theme, with Dulux colour experts on hand providing unique trade insight, and also advising visitors on how best the shades can be implemented into their own work and living spaces,” it said.

“The popular mascot, “Dulux Dog” was also present to playfully engage with exhibition attendees and brighten up the vibrant Dulux stall even further. The Dulux exhibit proved widely popular among attendees to Architect 2023, due to its powerful display of colour in both interior & Exterior spaces. “

“Architect 2023 was a great opportunity for Dulux to learn from fellow trade professionals, and also to introduce visitors to the latest trends and insights from the global paints and coatings landscape,” said Upendra Gunawardhana, Head of Marketing at AkzoNobel Paints Sri Lanka. “We’ve maintained a strong long-standing relationship with the SLIA, and have every intention of being back again next year as well.”

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ACCA reaffirms ComBank as Best among Sri Lankan banks for Sustainable Reporting

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Commercial Bank’s Chief Operating Officer Mr S. Prabagar (third from left) receives the ACCA award. The Bank’s Deputy General Manager – Retail Banking & Marketing Mr Hasrath Munasinghe (second from right) and Senior Manager – Sustainability, Women’s Banking & CSR Mrs Kamalini Ellawala (extreme right) are also in the picture

The Commercial Bank of Ceylon was declared the best among all Sri Lankan banks in sustainability reporting at the Sri Lanka Sustainability Reporting Awards for 2022 presented by the Association of Chartered Certified Accountants (ACCA) Sri Lanka.

As the winner in the ‘Banking’ category Commercial Bank was recognised for being one of the most transparent, accountable, and responsible entities in the country. The award was presented for the Bank’s 2021 Annual Report titled ‘Beyond a shape, beyond a colour’ which among other aspects, explores the Bank’s evolving operating context in which social and environmental concerns are brought to the centre of its corporate agenda.

Prepared in line with the International <IR> framework, this Annual Report also presents the Bank’s social and environmental impacts as per the Global Reporting Initiative (GRI) standards: Core option. Additionally, it reports on the Bank’s contribution towards the UNDP Sustainable Development Goals.

The Report also features a dedicated section on ‘Business model for sustainable value creation’ and discloses information on loans screened through the Bank’s Social and Environmental Management System (SEMS), paper reduction and recycling initiatives, increased usage of renewable energy, and switching to energy-efficient appliances under the section on ‘Natural Capital.’ Indicators of value derived in this category include reduced energy consumption in gigajoules, number of facilities subjected to SEMS screening, number of new solar panel installation locations, number of internet banking and mobile banking users, and solar power generated as a percentage of energy consumption.

Commercial Bank’s high standards in comprehensive reporting area result of the Bank’s commitment to being a responsible financial entity and shaping its work ethics around sustainable business practices, the Bank said. Last year too, Commercial Bank topped the ACCA awards in the Banking category, in addition to winning the overall award for the Best Sustainability Report of 2020.

Notably, Commercial Bank’s 2021 Annual Report also won four awards including a Gold for ‘Interior Design,’ and a Bronze for ‘Interactive Annual Report’ at the 2022 edition of the MerComm ARC Awards which is the world’s largest annual report competition.

The Bank’s sustainability initiatives include lending to support sustainable and green operations, migrating customers to paperless banking, improving efficiency in the use of energy, water and other resources in its own operations and supporting community initiatives that help conserve habitats and the environment. Its support to a mangrove restoration project in Koggala and marine turtle conservation initiative in Panama are examples of its commitment to environmental conservation.

The Bank pioneered a mandatory social and environmental screening process for its project lending activities and was the first bank in Sri Lanka to venture into Green Financing. It also revolutionised digital banking by introducing features in its ‘Flash’ mobile application to measure and offset customer impact on the environment.

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Ex-Pack Corrugated Cartons PLC prioritizes psychological wellbeing in view of Women’s Day

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Seen here are a few women at Ex-Pack cutting the cake

In view of the marking the International Women’s Day, Ex-Pack Corrugated Cartons PLC held an insightful event at their state-of-the-art factory premises in Kelaniya, highlighting the importance of psychological wellbeing and how Ex-Pack is taking up measures in ensuring an enabling environment for its 300 strong workforce, based on its wider DEI policies.

Various global studies have shown that women are impacted at much higher rates than men when it comes to mental illnesses. The session celebrated their achievements and life stories, and shared some eye-opening tips, facts, know how’s, to-dos, and various other influential factors including the dire need to change our perspectives on women’s roles, health and wellness. This also touched upon the emotional and social aspects of wellbeing too.

This year’s theme is centered on #EmbraceEquity, and Ex-Pack is no stranger when it comes to pursuing gender equality in an industry that has been traditionally dominated by male. As one of leading corrugated cartons manufacturer in Sri Lanka delivering end-to-end packaging solutions to both local and international clientele, and a subsidiary of Aberdeen Holdings (Pvt) Ltd, Ex-Pack actively encourages more female participation.

‘With this year’s theme being #EmbraceEquity, we take great pride in being an ambassador and role model in our industry. We go beyond just equal opportunities to pro-actively collaborate with everyone, to ensure that our talented women have every possible resource at their disposal and are given all the required support to succeed both professionally and personally,’ said M. Zulficar Ghouse, Managing Director- Ex-Pack Corrugated Cartons PLC

Ex-Pack has long been engaged with providing equal career opportunities, and both men and women

are respected, rewarded and compensated equally. The company also has an open-door policy for all employees. Women empowerment stems directly from the top leadership, recognizing that women and their strengths are crucial to both the company and the overall economy.

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