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State banks could be game changers for Sri Lanka artisan craft industry: PM

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by Sanath Nanayakkare

Prime Minister Mahinda Rajapaksa yesterday urged state banks to facilitate financing to skilled rural craft artisans and become a game changer in upscaling their competitiveness and growth in the global market.

“Procuring a business loan shouldn’t be a challenge for these rural entrepreneurs. Adequate infusion of capital should be made available for handicraft makers. The government has taken steps to enhance industries of traditional craftsmen by providing them various resources, entrepreneurial education, product innovation knowledge and also by helping them seek out broader market access. Now the state banks also have a role to play by providing them easier access to capital in order to keep their entrepreneurial spirit alive and grow their businesses,” the Prime Minister who is also the Minister of Finance said.

He made these remarks at the inauguration of ‘Shilpa Thursday’- the special handicrafts marketing promotional programme held at Diyatha, Battaramulla, which will continue to be held every Thursday.

Referring to Sujeewa Rajapakse, the chairman of People’s Bank who was a key invitee of the event, the Prime Minister said,” The People’s Bank chairman is here. The People’s Bank officials may visit these stalls, see these artisans’ real business capacity and assess how the bank can help them to take their business to the next level. Maybe the People’s Bank can set up a temporary banking facility at the site and gain first hand experience how viable these businesses are for further capital infusion”.

Wimal Weerawansa. Minister of Industries and Prasanna Ranaweera, State Minister of Rattan, Brass, Clay, Furniture and Rural Industry Promotion also spoke at the event.



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John Keells Unveils its 687 room luxury hotel, Cinnamon Life at City of Dreams Sri Lanka

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The John Keells Group is set to open doors to Cinnamon Life at City of Dreams Sri Lanka, on 15th October 15, 2024. Developed at an investment of over USD 1.2 billion by the John Keells Group, this is the largest and most ambitious private investment in the country which will redefine our tourism landscape, catering to a diverse clientele creating South Asia’s most dynamic destination for business, leisure, and entertainment.

“Cinnamon Life at City of Dreams Sri Lanka will encompass 687 luxurious rooms, and offers multiple entertainment venues, including ballrooms, high-tech event, and conference facilities, with the capacity to host over 5,000 guests in multiple locations across its various unique spaces. This makes it the largest event venue in Colombo, setting a new standard for gatherings, hosting international conferences and large-scale events, positioning Colombo as a premier destination for global MICE travel.

“With a dedicated team of over 1,500 professionals, including 250 chefs, Cinnamon Life promises an extraordinary culinary journey. Guests can enjoy diverse dining options, from a chic French bistro to an American grill, and the most extensive selection of wines at the exclusive wine bar, complemented by a sophisticated two-tier Champagne and cocktail bar. Over the coming few months, Cinnamon Life will continue to elevate its culinary landscape with the opening of more dining experiences. In addition, the resort’s diverse spaces and picturesque settings, make it an ideal location for destination weddings and events right in the City, offering a unique blend of modern elegance and local charm for those seeking unforgettable experiences and celebrations.

“While Cinnamon Life at City of Dreams Sri Lanka opens on October 15, 2024, the shopping mall and entertainment areas, including the gaming facility, and the 113-key ultra-luxury ‘Nuwa’ hotel are scheduled to open in mid-2025, marking the final phase of this landmark project.

Krishan Balendra, Chairperson of the John Keells Group, described the project as transformational for the Group and the country. “‘City of Dreams Sri Lanka’ is an iconic project that was conceived over a decade ago; a one-of-a-kind venture that will undoubtedly convert Colombo into a preferred destination for leisure and entertainment in the region, offering best in-class lifestyle, shopping and entertainment spaces. The Group is confident that the convergence of all elements in the launch of ‘City of Dreams Sri Lanka’ will unlock its full potential as a transformative development in South Asia and be a catalyst in creating tourism demand, foreign exchange earnings for Sri Lanka and generating employment. The ‘City of Dreams Sri Lanka’ project, once all components are in full operations, is expected to generate over 20,000 direct and indirect employment and community engagement opportunities. This landmark development is part of the Group’s broader strategy to position Sri Lanka as a leader in the regional and global marketplace. By pioneering large-scale projects such as Cinnamon Life at City of Dreams Sri Lanka, John Keells reinforces its commitment to fostering sustainable economic growth.1}

Strategically located in the heart of Colombo’s evolving urban core, Cinnamon Life at City of Dreams Sri Lanka houses a living gallery of over 1,000 commissioned, museum-grade artworks crafted by renowned Sri Lankan artists. This collection not only reflects the diversity and depth of Sri Lankan art but serves as a testament to celebrating and preserving artistic heritage in a contemporary setting.

More than just a place to stay, Cinnamon Life at City of Dreams, Sri Lanka, aspires to become Colombo’s pulse, offering a dynamic space for entertainment, art, music, fashion, and culinary exploration. It is set to be a destination where both locals and visitors can experience the finest the city has to offer, with exceptional service as guests are welcomed from the 15th of October onward. (JKH news release)

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Toastmasters International Celebrates 100th year on Oct. 22

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Commercial Bank of Ceylon Ltd has chartered the Toastmasters Club 10 years ago to enhance the communication and leadership skills of its employees to provide a better service to its customers.

Past International President, Mr Arunasalam Balraj, who addressed a recent gathering was delighted to see the high performance of the Toastmasters of Commercial Bank and he invited more members to join the club.

The installation ceremony of Commercial Bank Toastmasters Club was held on Sept 20 at the bank’s Staff Development Centre Auditorium.

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Ceylinco Life delegation completes 7-day training in Agency Management in Malaysia

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Pictured here are the members of the Ceylinco Life delegation with some of the trainers including Haridas (second from left) at Great Eastern Life Insurance Company, Malaysia.

An eight-member delegation from Ceylinco Life recently completed a purpose-designed seven-day training programme in Agency Management in Malaysia themed ‘Next Move Towards Agency Building.’Conducted by a team of experts from Great Eastern Life Insurance Company led by the legendary life insurance personality K. Haridas, the training programme comprised of a series of presentations as well as office visits.

The Ceylinco Life delegation made up of six members of the sales team, a representative of the agency administration team and a member of the Training Department, comprised of Mr Peter Marasinghe, Mr N. T. Senevirathne, Mr Udaya Fernando, Mr Rohitha Lakmal, Mr Dhammika Liyanage, Mrs Jenagan Meera, Mr Sujeewa Garusinghe, and Mr Milinda Peiris.

The training sessions were titled ‘Coaching & Communication,’ ‘Awaken the leader in you,’ ‘Entrepreneur mindset,’ ‘Recruiting more women in to your agency,’ ‘How to get into affluent markets,’ and ‘How to build a million-dollar agency.’ The training was conducted by two distinguished trainers and supported by six highly accomplished Group Sales Managers from Great Eastern Life Insurance Company.

Equipping, training and motivating employees to excel and recognising and rewarding their achievements are a key element of Ceylinco Life’s 20 years of unbroken market leadership in Sri Lanka, the Company said.

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