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Royal Park Condominium celebrates 25 years of luxury living



Sri Lanka’s first luxury condominium complex, Royal Park condominium recently marked 25 years, a momentous milestone in providing luxury accommodation to a generation that grew up in sprawling multi-bedroom homes.

Built and developed by Keangnam Enterprises (previously Keangnam Korea) in 1997, the property consists of 248 luxury apartments housed within the condominium’s two towers, each comprising of 24 floors, complete with two penthouses in each tower. Approximately 1,500 workers were involved in the construction of the condominium, a news release from the developer said.

“Despite being one of Sri Lanka’s first true luxury, condominium developments, Royal Park’s construction proceeded at record pace for its time, having handed over its units to the community’s first residents just over three and a half years from commencement of construction.”

Sharing his experiences on the continuing legacy of Royal Park 25 years on, Keangnam (Ceylon), General Manager overlooking Royal Park at its inception, and a resident of the complex for almost 20 years, Major General (Rtd) Tilak Paranagama, emphasized the importance of mutual respect and camaraderie displayed by residents of Royal Park over the years.

“It’s been an absolute pleasure to live at Royal Park, as the common value system here is based on decency and respectfulness of each other. It is an extremely homely atmosphere, and the design and layout of the premises too lends itself to ensuring that residents have ample space for daily fellowship,” he said.

He also noted that with condominiums being a new concept to Sri Lankans in the mid-1990’s, the development of the complex also came with its share of novel challenges.

“As it was the first of its kind, we had to make sure that each unit was constructed perfectly. My team and I would personally look into every aspect from planning the construction, including preparation and initiation of survey plans, electrical and water meters for each individual apartment.

“I was also part of establishing Royal Park’s first ever Management Committee and together, we formulated a comprehensive constitution for it. 25 years later. I am incidentally the only surviving member of the original Management Council, but I’m happy to see that the systems, and most importantly the culture that we created back then still continues to thrive to this day,” he reminisced. Over time, Royal Park has been home to almost three generations, with children who moved in with their parents during the last 25 years, now residing with their own young families, contributing to the strong sense of family and community.

“I first moved into Royal Park when I was around nine years old, and I have since met people of all ages, races and nationalities – everywhere from Azerbaijan to Zimbabwe. Royal Park is definitely a paradise for any child growing up, as there is always a friend around to keep you company, and some of my closest friends are people I met here. Royal Park has always had a beautiful community – they are always down to have a good time, but most importantly they will always be there for you in your time of need,” added Tashiya Ekanayake (29), a current resident of the Condominium.

The complex is especially ideal for children of all ages who are presented with a very different experience from a typical high-rise, most often creating lifelong friendships with each other. The children’s play area comes alive every evening, kids riding bicycles on the path surrounding the beautiful gardens, teenagers playing basketball and residents joining each other for fellowship in the vast common areas, are all familiar sights at Royal Park.

Royal Park Condominium provides a truly holistic living experience, achieving that perfect balance in offering its residents a modern living space while retaining an extremely homely atmosphere. Spread across a sprawling four acres in the heart of Colombo, Royal Park boasts of beautiful manicured gardens; its tending being overlooked by a devoted resident.

Two large Ehela trees greet you at the entrance of the premises, with its long winding driveway leading to a large spacious sunlit lobby. Just beyond is a large ground floor pool and kiddies pool, bordered by a children’s play area, restaurant and sitting area, tennis court and jogging/ walking tracks.

The facility is also complete with all modern amenities, a well-equipped gym, sauna, squash court, table tennis court, a Cargills Express mini supermarket, salon, laundry, and an ATM just adjacent to the main entrance. In addition, the spacious apartments offer spectacular views of the Royal Colombo Golf club, the Kinda Canal Wetland which is home to remarkable birdlife, the Colombo skyline, the port and the ocean beyond, giving Royal Park a truly unique appeal. A competent resident-run Management Council overlooks all aspects of the management and maintenance of the premises, complete with monthly meetings and Annual General Meetings carried out with the participation of the Condominium Management Authority.

As such, regular maintenance upgrades, daily maintenance and attention to detail ensures that the complex remains pristine, safe and comfortable to all its residents. In maintaining these high standards of safety and quality of the common facilities, upgrades in the Service Elevators, Main Control Panels, fuel storage, submersible pumps, lobby and restaurant areas to name a few, were carried out during the last financial year only.

The management, safety and maintenance of the premises is handled by competent staff members consisting of the Condominium Manager Ms.Christine Hassim, Command Center Coordinator Mr. W A C Wanasinghe and Engineering and Maintenance Head, Mr. Indika Deshapriya, and their respective teams.The permanent staff at the complex consists of 29 dedicated team members, whilst 29 sub contractors’ staff diligently handle areas such as security, janitorial and accounts, many of whom have been employed at Royal Park for over a decade, adding familiarity and a sense of safety and comfort to the residents.Royal Park Condominium has truly stood the test of time, weathered many a storm, and celebrates this significant milestone triumphant in its ability to remain a home to many more generations to come. (Royal Park news release)

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‘Expolanka Holdings steadfast in posting stabilized Q3 results’



Expolanka Holdings PLC recorded a steady 9-month performance as at December 31, 2022 amid declines in the overall global markets. Reflecting the underlying strength of its business and success in pursuing a consolidated strategy, the combined 9-month performance delivered a strong endorsement in overcoming challenges in the macro environment with Year-to-date Revenue of Rs. 491Bn, Gross Profit Rs. 85.9Bn and Net Profit Rs. 32Bn. International business continued to generate above 95% in contribution, demonstrating the robust earning potential of the company, an Expolanka Holdings press release said.

The release adds: ‘However, declines in international trade moderated Q3 FY 2022 earnings, recording a Revenue of Rs. 94.2Bn, Gross Profit of Rs. 20.6Bn and a Profit after Tax of Rs. 3.0Bn.

‘Contributing to company earnings was the logistics sector which navigated the challenging macro-economic environment and adopted longer-term strategies concentrating on business fundamentals. For Q3, the sector posted a Revenue of Rs. 92Bn, Gross Profit of Rs. 19.9Bn and Profit after Tax of Rs. 2.7Bn delivering a YTD Profit after tax of Rs. 30.1Bn.

‘Impacting revenues were a reduction in operating volumes across Air Freight and Ocean Freight products due to the overall slowdown in global trade volumes on grounds of high inventory levels, inflationary fears and the global energy crisis. The Air Freight business encountered a relatively larger impact due to challenging market conditions resulting in weakening demand and reduced volumes.

‘Focusing on increased customer penetration, developing partner networks and enhanced competencies, the company was successful in gaining cumulative progress in the Ocean Freight product.

‘The North American trade lane continues to remain the critical business driver for Expolanka, while the European and Intra-Asia companies remained resilient.

‘Reinforcing growth and sustaining improved margins was also due to the company’s focus on strengthening customer relationships, attracting selective new customers and engaging in proactive procurement strategies.

‘Key EFL origins also delivered strong results, reflecting the success of the infrastructure investments made into these markets.

‘The Group’s stabilized 9-month performance was also aided by the continued resurgence in the leisure sector. In Q3 the sector delivered a Revenue of Rs. 725Mn, Gross profit of Rs. 578Mn and Profit after tax of Rs. 202Mn by strengthening its market position focusing on efficient procurement and operational excellence.’

‘Recording a revenue of Rs. 1.6Bn and a Profit after Tax of Rs. 41Mn, the Group’s investment sector remained steady making progress across its business portfolios.

‘Despite the global macro environment remaining uncertain and challenging in the future, Expolanka aims to forge ahead, unwavering in its approach to deliver on earmarked strategic initiatives building on its strong performance. The company stands persistent towards generating accelerated growth and innovation while remaining true to its core values by reaffirming its long-term commitment and challenging the status quo to seize opportunities in the market that would predominantly secure its position as a market leader.’

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Sanasa Life Introduces “Pinsaru Vandana” – A Premium Insurance Policy for Buddhist Clergy



Helping to elevate and protect the Buddha Sasana, Sanasa Life Insurance has introduced a very special and tailored insurance policy for Buddhist Monks. The “Pinsaru Vandana” insurance policy provides a specialized insurance scheme addressing the special needs of Buddhist Monks. An auspicious inauguration ceremony was held, in the presence of several senior members of the Buddhist Clergy on the 17th of January 2023, at the Sri Sambudhdhatva Jayanthi Mandiraya in Colombo. A total of 300 Buddhist Monks were in attendance at the event, and gave their blessings for this special insurance scheme. A group of dignitaries, including Wishawa Prasadini, Dr. P. A. Kirivandeniya and Piriwena Director, Venerable Watinapaha Somarathana Thero, were also present and played key roles during the event.

“Pinsaru Vandana” is an insurance scheme that provides relief and protection for junior monks, in the event of the death, serious illness or incapacitation of their patron/senior monk. In such an unfortunate event, junior monks can often become destitute and or marginalized. Thus, “Pinsaru Vandana” will help to protect these young monks as they pursue their journey and mission of elevating and sustaining the Buddha Sasana.

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Technocity hosts ‘Together We Win’ training programme in Thailand



The team at the ‘Together We Win’ training programme in Thailand

The Technocity Pvt. Ltd., the leading Sri Lankan IT Distribution Company, recently held a three-day ‘Together We Win’ training programme at the Rembrandt Hotel in Bangkok, Thailand.

The event, in partnership with HP, invited The Technocity’s top 10 Partners for training in gratitude for the continuous support they have shown towards helping the company develop its business.

The event featured esteemed speakers, including Gehan Thangappan (Business Head, The Technocity), Manish Gawri (Hp Inc., Notebook), T Natarajan (Hp Inc., Print) and M. Kalim (Sales Manager, The Technocity).

The sessions covered various pertinent topics while the invitees viewed a series of product videos during the training to further understand the complexities of the products.

Addressing the invitees, Gehan Thangappan said, “We started small, as all new businesses do, but we’ve grown beyond our borders. This is all thanks to our valued partners and customers who have helped us achieve newer and higher ground. Grateful as we are, we also look forward to providing our diverse clientele with the best products and top-notch service as always.”

The Technocity also conducted a F2F discussion with the partners, briefing them on the way forward and announcing the channel incentive schemes in place targeting Ink Tank Printers. Prior to the conclusion of the event, the attending partners partook in a quiz segment and were treated to exciting giveaways.

“We are very happy with the success of this programme. The training had a very good impact, especially as it was held out of the country and it motivated partners. It was also significant for us as it was the first event we had held overseas after Covid,” Thangappan added.

The Technocity Pvt Ltd is one of the leading distributors in Sri Lanka for IT products and services. In the nearly three decades since its establishment, The Technocity has grown to become one of the most trusted names in the industry. The company is also the first local distributor for HP in Sri Lanka and boasts a portfolio of representation for notable brands like Asus, Lenovo, MSI, Logitech and Viewsonic.

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