Business and Economics
Binod Chaudhary opens first ever Five Star Luxury Hotel in Dubai

Nepali Billionaire and Investor in Sri Lanka Binod Chaudhary, opened his very first luxury Five Star Hotel in Dubai last month, making it the only five star hotel in the world to permanently fly the legendary Nepalese flag, Rato Ra Chandra Surya. CG Corp’s stakeholding in the Taj Jumeirah Lake Towers is 50 percent. This ‘Business Luxury’ hotel comes under the umbrella of Nepal’s first and only billion dollar multinational conglomerate to be listed by Forbes.

CG Hospitality’s journey began in 2001 when Binod Chaudhary, Chairman of CG Corp Global invested in Taj Samudra, Sri Lanka, along with two other Taj properties in the Maldives. Besides the Taj Samudra investment, the Group has joint ventures with Ceylon Hotels Corporation and Jetwing, heralding a portfolio of 14 hotels in various categories around the Sri Lanka. CG Corp claims its hospitality portfolio had grown by 4,300 percent over the last 13 years, with footprints in 11 countries.

Continuing his father’s entrepreneurial legacy, Rahul Chaudhary joined the already successful CG Corp Global in 2006 as Managing Director and has been spearheading the new hospitality properties in key destinations around the world.




DFCC Bank wins Top Employer Award at CIMA Annual Conference

Consistently winning recognition and rewards for its visionary and progressive HR strategies, DFCC Bank was recognized yet again as one of the ‘Top 20 Employers in Sri Lanka’, employing the highest number of Chartered Institute of Management Accountant (CIMA)Sri Lanka members in their organization.

The ceremony was held recently as part of the CIMA President’s Dinnerat Shangri-La, Colombo. Taking place for the first time this year, CIMA Sri Lanka intends to continue the awards as an annual fixture to strengthen partnerships with employers around the country. The winners were selected based on the members’ employer details on the CIMA member database (MyCIMA). DFCC Bank was jointly awarded third place with Central Bank of Sri Lanka as one of the top CIMA employers in the country, while no second place award awarded.

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Classic Travel unveils branch in Orion City

Classic Travel, the IATA accredited subsidiary of Expolanka Holdings PLC, opened a new branch in the heart of Orion City—the one-stop-hub for innovation and collaboration—in a bid to extend its Travel & Visa services to IT professionals, entrepreneurs, and investors of high-tech companies. The branch is located at 716, Dr. Danister De Silva Mawatha, Colombo 9.

The Orion City branch holds an in-house photo studio, where customers can get the visa photos FOC and visa processing unit backed by a team of proficient travel agents. The list of services offered at the branch include Airline Ticketing, Travel Insurance, Online Check-In, Outbound Holidays, Hotel Reservations, Cruise Packages, Coach Tours, Worldwide Airport Transfers, Worldwide Airport Meet & Assist, and VISA Assistance (i.e. Sri Lanka Immigration, Assistance for New Passport/Renewal, LK Entry Visa, Tourist Visa, and Business Visa Extension).

“The ultra-modern facility aims to serve the next generation of customers whose needs are sophisticated and convenience-driven. We found Orion City to be ideal in terms of its emergence as a highly business locality with a potential market segment for outbound corporate travel,” said Classic Travel Director/ General Manager, Sabry Bahaudeen.

Classic Travel is the only travel agency in Sri Lanka opened 24/7/365.

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