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Prime Group offers ‘ultimate’ real estate investment plan

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In a concerted effort to open up its exceptional and diverse housing portfolio to a larger portion of Sri Lankans, the country’s largest property development conglomerate, Prime Group recently introduced a revolutionary payment plan, currently unmatched by any other in the industry. The highly-attractive, industry-first offering assures peace of mind for customers by delivering financial flexibility and empowering them to own their dream home at their convenience.The incomparable scheme opens doors for customers to pay as little as 20% of the housing unit’s total value as a down payment, 25% paid in easy instalments over 30 months and the balance 55% when their new home is handed over to them. All Investors can also enjoy guaranteed capital gain and effective ROI of over 75% during 2.5 years for their initial investment. Further, it allows customers to access non-accessible investments and take advantage of a pre-approved mortgage within 30 months. The easy to grasp scheme was carefully curated by Prime Group with over 26 years of enriched experience in the property sector to enable a larger proportion of financially diverse customers to make a smart, well informed decision with utter convenience to make their dream home a reality. The company’s new offering is first introduced to families and individuals looking to put down roots in the scenic, lush green environs present at 88 Residence Piliyandala, Kahathuduwa, which is now open for reservations.”Prime Group has always been deeply committed to delivering projects that meet the needs of the market and flexible financing is one way we achieve this. Therefore, we are thrilled to launch this exceptional ‘Ultimate Real Estate Investment Plan’ for the first time in Sri Lanka. The bedrock of offering is to enable Sri Lankans to materialise their dream home, without worrying about paying the current required down payment of over 30% upfront, which is a welcome respite during these tough economic conditions,” said Prime Group Chairman Premalal Brahmanage”It should also be mentioned that the salary levels of many Sri Lankans do not often allow them to pay off the rest of the 60% within just 2.5 years.  We wanted to address this concern, by enabling our customers to pay off just 25% of the value of the property within 2.5 years to making these homes more affordable. This means only 45% of the total value has to be paid at the hand over point. For the balance of 55%, customers are able to pay utilising a bank loan which can also be arranged by Prime Group. Most importantly, customers can always purchase these homes as an investment and sell it after 2.5 years with a minimum effective return on investment of 75%. Therefore, we are confident that this unique scheme will open our high quality portfolio of wholesome living spaces open to a broader community of customers, along with the opportunity to proactively manage their finances, in a long-term affordable way.”The 88 Residence Kahathuduwa is a tranquil, luxury living community overlooking an evergreen paddy field in Piliyandala, 500m away from the proposed Ruwanpura Highway, and 2 km from the Kahathuduwa highway entrance as well as 900m to the 120 bus route. The complex hosts a collection of four diverse types of 88 spacious, two- to three-bedroom, one- to two-storey homes prices starting from Rs. 14.5 million, this luxury complex is slated for completion in early 2024. “As the premier real estate developer in the country, it is vital that we play our part in making sure we do all we can to support our customers at a time when there is an increase in demand for affordable housing in prime locations across the island.



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Sri Lanka Insurance holds “Minimuthulanthaya” for Children’s Day 2021

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Sri Lanka Insurance holds “Minimuthulanthaya” an exclusive series of informative and entertaining sessions for children and their parents commemorating the World Children’s Day 2021. The programme was held from 01st to 3rd of October 2021 via Sri Lanka Insurance official Facebook page attracting thousands of enthusiastic children across the country.

The programme was conducted with the support of Sri Lanka Insurance Minimuthu Education Plans to inspire the younger generation to achieve their dreams. The Minimuthu Education Plan provides financial assistance for children to pursue their dreams setting a strong foundation for child’s future.

The first session of the series “Super Parents”, an informative discussion on child education, mental health and nutrition was held for parents on 1st of October with the participation of Ms.Christine Jayakody Psychologist, Mr.Upali Ginasekara former Principal of Royal College Colombo and Principal of Polymath College, Dr.Sujeewa Wickramasinghe Nutritionist and Mr.Amintha De Silva Visionary Guru. The programme was well received by parents participated and the programme was followed by a Q & A session where many important issues were discussed regarding the education, health and wellness of children.

The other sessions of Minimuthulanthaya was held during the weekend allowing children as well as their parents to enjoy a quality time together. “The Artist” session and “The Entertainer” session was conducted live in both Sinhala and Tamil mediums teaching and allowing children to express their talents in drawing and creativeness.

The Mastermind session was conducted to interact with masterminds with knowledge about mathematics, science, history, general knowledge and various other fields.

The Computer Wizard session was the main attraction of the whole series as many kids with avid interest towards computer programming joined the session to learn programming.

The sessions were concluded asking the participants to submit their own creative work to stand a chance to win valuable gifts from Sri Lanka Insurance and is receiving tremendous response in return.

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BoardPAC certified one of Asia’s Best Workplaces by Great Place to Work

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BoardPAC Chief Operating Officer Mr Rajitha Kuruppumulle (right) and Head of Operations & Systems Mr Buddhika Abeygooneratne with the Great Places to Work award and certificate

BoardPAC, the Sri Lanka-based multinational board meeting automation solutions company, reached another milestone recently when it was featured for the first time in the prestigious Best Workplaces in Asia 2021 list – Small and Medium category, published by Great Place to Work.

A company news release said this recognition came hot on the heels of BoardPAC being certified as a ‘Great Workplace’ by Great Place to Work in Sri Lanka for the third consecutive year in 2021.

“The internationally acclaimed list follows strict criteria in acknowledging the best of the best in terms of workplaces in the Asia region. BoardPAC’s recognition is based on extensive ratings provided by its employees in an anonymous survey and a culture assessment conducted by the Great Place to Work organisation, and upon having achieved the globally accredited cut-off scores,” the release added..

Commenting on being placed on this esteemed list, BoardPAC’s Chief Executive Officer, Ms Lakmini Wijesundera stated: “We are honored to be selected into the Asia’s Best Workplaces List. Our team’s happiness is key to our success. The well-crafted GPTW Survey helps us with an accurate analysis of employees’ sentiments. The emphasis by GPTW on Trust, Pride, Camaraderie, and Care has been valuable in our efforts to improve continuously. GPTW has become a hallmark of our positive work culture. A big thank you to our team for the contribution to this great culture.”

Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognise outstanding workplace cultures, and is the global authority on high-trust and high-performance workplace cultures. This process is carried out via proprietary assessment tools, advisory services, and certification programmes, including a list of best workplaces and workplace reviews. The Best Workplaces in Asia 2021 list can be viewed at

BoardPAC is recognised for driving simple, secure, sustainable, and experiential communications for Board and Executive members. BoardPAC serves a host of fortune 500 companies worldwide, with over 50,000 users globally and a presence in over 40 countries.

Leading Indian corporations such as the Bombay Stock Exchange, Power Grid Corporation of India, IDBI Bank, Container Corporation of India, and LIC Housing Finance Limited are already users of BoardPAC. It has also been deployed by some of the strongest brands across the world such as the Axiata Group of companies, Deloitte and Maxis among others. BoardPAC clientele span the largest banks and sector leaders in the Asia Pacific region such as Prudential, Petronas, Maybank, Hong Leong Group, MSIG, BSN, Bumi Armada, RHB Banking Group, Affin Bank, and Bursa Malaysia – the stock exchange of Malaysia.

In Sri Lanka over 150 of the top corporate entities including John Keells, SriLankan Airlines, MAS Holdings, Bank of Ceylon, Commercial Bank, Hemas, Carsons, Softlogic, Sri Lanka Telecom, Sampath Bank, National Savings Bank, Nations Trust Bank and Merchant Bank of Sri Lanka as well as the SEC and Colombo Stock Exchange use BoardPAC.

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UN-recognized pioneer leads Hayley’s Fabric’s greening thrust

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Leonie Vaas, a chemical engineer who’s the Manager of Sustainability and Innovation at Hayley’s Fabrics made history last June when she was selected from thousands across the globe to be designated as one of just 10 Sustainable Development Goal (SDG) Pioneers by the United Nations (UN) Global Compact for 2021.

With an extensive range of experience in green house gas (GHG) reduction and ensuring carbon neutrality, life cycle perspective of products, plant and process improvements with sustainable technologies and textile chemical management, Leonie has paved the path for local sustainability champions to be recognized on a global platform, a news release from Hayley’s Fabrics said.

She primarily focuses on five key areas at Hayleys Fabric, including driving efforts in reducing GHG emissions, water preservation, improving efficiency with sustainable solutions for effluent treatment plants, building and training sustainability teams, as well as developing and applying new processes for ‘better and greener’ products, the release said.

Sustainable business starts with a sustainable culture

“I’ve always had a passion for the environment, and so from the start, I gravitated towards work in sustainability. Once I joined Hayleys Fabric, I was challenged and supported to link sustainability with innovation properly. Here, the opportunity to have a continuous learning experience, to be at the very forefront of sustainable innovation and part of shaping a greener future – is tremendous.

“We have a strong leadership commitment that all employees evenly match, and ultimately, that culture and enthusiasm to take the lead on sustainability are what drives our success. Sustainability at its core is driven by the higher management and we were able to come this far with the support and guidance of our CEO and Managing Director Rohan Goonetilleke. Because of this unique dynamic, we were able to rapidly commercialise our sustainable innovations, which gave me a chance to showcase what Hayleys and Sri Lanka have to offer the world. When you build the right culture, everything else flows from there,” Vaas said.

A team committed to sustainable innovation

True sustainability is about more than a single innovation. Leonie cites a host of extraordinary initiatives implemented by the Hayleys Fabric team collectively aimed at securing global leadership in sustainable textile manufacturing.

“We treat 100% of the water used for production to maintain strict compliance with certified and audited commitments on Zero Discharge of Hazardous Chemicals. This standard is recognised globally, beyond Sri Lanka’s strict national regulations,” Leonie noted.

As a signatory to the Science-Based Targets initiative (SBTi) to reduce greenhouse gas emissions and limit global warming at 1.5°C, Hayleys Fabric has already cut its carbon footprint by 15%. This was achieved by installing the largest private sector rooftop solar power system in Sri Lanka at the company’s state-of-the-art manufacturing facility in Horana. With 9,000 solar panels installed across 18,000 square metres, the system has contributed 4.5 Mw to the National Grid since June 2021.

Leonie finds the company’s future focus on re-engineering its value chain truly inspirational. “Our team is looking at substituting production supplies with recycled polyester, organic cotton, and other bio-degradable materials as well as augmenting production capabilities to create textiles from yarn comprised of recycled plastic.”

The innovation team recently launched an app to enable end-to-end traceability for its recycled PET fabrics, mostly supplied locally to Sri Lanka’s largest apparel manufacturers. This will allow local producers and global retailers to tag individual pieces of clothing with a QR code, which customers can scan to learn exactly how many discarded PET bottles were used to create the item and exactly which part of Sri Lanka, the bottles were collected from.

Hayleys Fabric also connects employees with key sustainability issues through culture building, webinars, and training and awareness building workshops.

“Keeping key issues like waste segregation, pollution, and energy efficiency top of mind, ensures that the entire workforce stays engaged with the company’s quest to become a global leader in sustainable textile production. As local leaders, we must always continue to find ways to become global pioneers.”

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