Business

Asset Draft – a working capital solution from Assetline

Published

4 years ago

2022/01/13

Assetline Leasing Company Limited (Assetline) recently launched its newest product, Asset Draft, to cater to the working capital needs of the business community. Designed specifically to address the funding requirements of small and medium enterprises, it is structured similar to an overdraft facility, eliminating the possible limitations of fixed term loans that may not meet the working capital cycle of transactions and businesses in this sector. It provides not just short term but also longer-term, evergreen, funding to improve cashflows and optimise commercial opportunities. Assetline has always pioneered financial inclusion for individuals and enterprises who may otherwise not have access to appropriate, affordable, and timely financial products and services and this is yet another such initiative.

The product was launched Island-wide through Assetline’s 54 branches and speaking at the launch Mr. Ashan Nissanka, CEO/Director, Assetline said, “Our objective has always been to support entrepreneurs as well as small and medium scale enterprises which are the bedrock of our economy. Their progress is the Nation’s progress and this product is yet another critical milestone in this journey. Given the challenges of the current economy, this sector requires greater flexibility, and Asset Draft gives them the peace of mind to take advantage of any opportunity that may come their way without worrying about undue financial costs or long term commitments.”

Assetline, the flagship company of the David Peiris Group financial services cluster, is the largest specialised leasing company in Sri Lanka and has been in operation since 2003.

More information on Asset Draft can be obtained by calling 0114700100 or visiting www.assetline.lk.

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Business

Hayleys Mobility unveils Kaiyi Flagship Store in Colombo

Published

1 min ago

2026/04/7

Sahan Weerasooriya

Members of the Hayleys Mobility team with Kaiyi Auto and Kaiyi International representatives at the successful opening of the Kaiyi Flagship Store in Colombo.

Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has officially opened its Kaiyi Flagship Store at No. 75 Arnold Ratnayake Mawatha, Colombo 10, offering customers a new, conveniently located destination to explore next generation mobility solutions.

The store is designed to deliver a seamless customer journey, from vehicle exploration and test drives to expert guidance on performance and features, allowing customers to gain first-hand insight into after-sales care and vehicle delivery processes, ensuring a transparent and reassuring ownership journey at every stage.

Business

Avurudu with Heritance Hotels & Resorts: Where tradition is alive

Published

4 mins ago

2026/04/7

Sahan Weerasooriya

As April arrives, Sri Lanka moves into a season shaped by renewal, reflection, and shared moments. Across the island, the rhythms of Avurudu return, with the sound of the raban, festive tables filled with sweetmeats and families coming together.

This Avurudu, Heritance Hotels & Resorts brings the season to life through a collection of stays, experiences, and gift giving, designed for spontaneous breaks and meaningful New Year getaways. Across its distinctive destinations, guests can step away, reconnect, and celebrate the season.

A range of gift vouchers offers a simple way to share the spirit of Avurudu, whether through a restful stay, a dining experience, or a moment of indulgence to be enjoyed beyond the season.

Business

Mid-day improvement in market sentiment rescues bourse but NDB crisis takes a toll

Published

4 mins ago

2026/04/7

Sahan Weerasooriya

The CSE saw a drop during midday trading yesterday but later recovered with an improvement in the market sentiment.

Initially the market indicated a downward trend mainly due to banking stocks sliding following the National Development Bank announcing a Rs 13.2 billion fraud within it that incurred a loss to the entity coupled with US President Donald Trump’s negative comments on the war situation.

Amid those developments both indices moved upwards. The All Share Price Index went up by 9.98 points while the S and P SL20 rose by 26.65 points.

Turnover stood at Rs 3 billion with three crossings. Those crossings were reported in Melstacorp, which crossed 4.76 million shares to the tune of Rs 809 million and its shares traded at Rs 170, Tokyo Cement 754,213 shares crossed to the tune of Rs 66.75 million; its shares traded at Rs 88.50 and JKH 3.35

million shares crossed tfor Rs 62.2 million; its shares sold at Rs 18.70.

In the retail market seven companies that mainly contributed to the turnover were; JKH Rs 245 million

(13.2 million shares traded), Sampath Bank Rs 132.6 million (914,000 shares traded), Tokyo Cement Rs 96.8 million (one million shares traded), LMF Rs 92 million (1.1 million shares traded), Prime Lands

Residencies Rs 92 million (1.8 million shares traded), Colombo Dockyard Rs 85.3 million (680,000 shares traded) and Commercial Bank Rs 79.8 million (400,000 shares traded). It is said that 82 million share volumes changed hands in 26226 transactions.

it is said that manufacturing sector counters, especially JKH, led the market while banking sector counters also performed well. Real estate sector and its related counters, especially Prime Lands Residencies and Tokyo Cement, performed well too.

The All Share Price Index was down 0.34 percent, or 70.94, at 21,046.48.

The S&P SL20 was down 0.30 percent, or 17.87, at 5,857.82.

Yesterday the rupee was quoted at Rs 315.35/55 to the US dollar in the spot market, from Rs 315.20/60 last Thursday before the long weekend, dealers said, while bond yields were broadly steady.

A bond maturing on 15.03.2028 was quoted at 9.45/55 percent.

A bond maturing on 15.12.2029 was quoted at 9.95/10.00 percent.

A bond maturing on 01.03.2030 was quoted flat at 10.00/05 percent.

A bond maturing on 15.03.2031 was quoted flat at 10.05/15 percent.

A bond maturing on 01.06.2033 was quoted flat at 11.00/10 percent.

By Hiran H Senewiratne