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Prime Group completes The Grand Ward Place

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The Grand Ward Place, the ultra-luxurious flagship project of Prime Group declared open with its esteemed clients and project partners on the 15th of May, 2023. As the only high rise in the prestigious Colombo 7, The Grand Ward Place is truly a masterpiece, boasting utmost privacy and breathtaking city views, meticulously crafted apartments and penthouses designed to cater to the refined lifestyle of its residents.

The ceremony also marked the successful acquisition of crucial documents including the Certificate of Conformity (COC), CMA registered certificate, and Deed of Declaration. This enables residents to execute the deed of transfer in their names immediately after taking over their keys, which is truly remarkable considering the challenges currently faced by the real estate industry.

Crowned as the Best Luxury Condominium in Sri Lanka by the Property Guru Asia Property Awards in 2019, The Grand Ward Place provides residents access to a range of world-class amenities, ensuring a lifestyle of utmost comfort and convenience. With a wide selection of the world’s best brands and the provision of two car parks to meet the needs of modern families, The Grand offers spacious residences that epitomize luxury.

The Grand Ward Place is home to Sri Lanka’s longest elevated infinity pool, spanning an impressive 71 meters in length. Establishing the largest recreational space a condominium property has dedicated for leisure and recreation in the country, the development features state-of-the-art recreational facilities spread across three floors, covering over 50,000 square feet. With carefully designed amenities, including 3 pools, play areas, badminton courts, a function hall, game rooms, walking paths, a yoga deck, a spa, and a mini-mart, The Grand Ward Place creates a haven amidst the vibrant city.

“It is my absolute pleasure to declare open The Grand Ward Place, a masterpiece landmark development that sets a new standard for ultra-luxury living in Colombo,” said Brahmanage Premalal, Group Chairman of Prime Group.

“The successful completion of this project, maintaining the impeccable quality and standards comparable to global luxury brands, showcases Prime Group’s remarkable ability to withstand and overcome challenges despite the impact of the Easter attack, the COVID-19 pandemic, and the economic crisis faced by Sri Lanka. This achievement stands as a testament not only to our unwavering commitment to delivering exceptional living spaces, but also the confidence and patronage of our clientele, along with the support of all our partners.”

Prime Group, the fully Sri Lankan and unparalleled leader in the local real estate industry, takes great pride in partnering with renowned Sri Lankan brands to deliver this extraordinary masterpiece. This architectural marvel stands as a remarkable testament to the power of collaboration and serves as a proud Sri Lankan success story for ages to come.

“The compliance of the project to all regulations since inception has enabled us to hand over clear deeds to all our clients at the same time as they received the keys to their apartments,” added Sandamini Perera, Co-Chairperson of Prime Group. “The Grand Ward Place represents Prime Group’s largest investment and showcases our success as the leading property developer in the country, aligning with global luxury living projects.”

With 27 years of industry experience, Prime Group has established an unwavering reputation for commitment, quality, and trust. The Grand Ward Place is an ambitious endeavor that aims to create Sri Lanka’s premier residential address, leaving a lasting impression on the city’s skyline.



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ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

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ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

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New Board appointed to lead Unit Trust Association of Sri Lanka

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The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

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Indiya at Cinnamon Life enters a flavourful new chapter

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Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

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