Business
DFCC Bank Sets New Industry Standard with Enhanced Leasing Products
DFCC Leasing, the leasing arm of DFCC Bank PLC and a pioneer in the industry, has taken a bold and innovative step to address the concerns of Sri Lankans in the market for a vehicle with its special leasing promotion, “Aduwenakota Aduwena Leasing”- “A lease that gets better as you go”. Available only for a limited time, until the 14th of September 2023, DFCC Aduwenakota Aduwena Leasing allows customers to obtain a vehicle now without having to wait for interest rates to go down, vehicle prices to drop, or new vehicle imports to resume.
That is because DFCC Aduwenakota Aduwena Leasing allows you to enjoy the flexibility of switching to a lower rate and even upgrading your vehicle without a penalty after one year. Now, that is flexibility that no other leasing facility in Sri Lanka provides, allowing you to fulfil your dreams of vehicle ownership today and still benefit from the more favourable market conditions expected in the future!
“We aim to empower our customers and provide them with the flexibility they deserve,” said Aasiri Iddamalgoda, Senior Vice President of Retail Banking and SME at DFCC Bank, “With this unique leasing promotion, we are enabling individuals and businesses to seize the opportunity now and experience growth and convenience, at the current market rates, whilst also having the option to switch to more favourable market rates in the future, and even go for a more recent vehicle once imports open up again without any penalty fees.”
This innovative promotion is the first of its kind in Sri Lanka, demonstrating DFCC Leasing’s commitment to addressing the important concerns of consumers whilst delivering unparalleled benefits. With the freedom to choose when to exercise the options available, customers can take advantage of current market conditions, secure their dream vehicle, and experience remarkable growth in their personal or business endeavours.
To learn more about this revolution in leasing, visit your nearest DFCC Bank branch, DFCC Leasing’s website at https://www.dfcc.lk/products/leasing-personal/ or call DFCC Bank’s 24/7 customer service hotline on 0112350000.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
SLT-MOBITEL Enterprise launches Premium Cloud
SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.
The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.
The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.
Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.
SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.
A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.
Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.
The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.
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