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ComBank & AMW bring back popular lease promo for New Holland tractors

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Commercial Bank’s Chief Operating Officer S. Prabagar (4th from left) and AMW’s Group Managing Director Peter Mackenzie exchange the agreement in the presence of representatives of the management of the two institutions.

Local cultivators can once again profit from a collaboration between the Commercial Bank of Ceylon PLC and Associated Motorways (Private) Limited (AMW), which will enable them to enjoy leasing facilities for New Holland tractors with a series of special benefits including a price discount of Rs. 135,000.

The popular ‘Agri Lease’ promotion of the two companies is back and will run till the end of 2023, offering low monthly lease rentals, free RMV registration, three labour free services and a free tool kit, in addition to the discounted price, the Bank said.

A standout feature of this promotion is Commercial Bank’s ‘Kanna Varika’ (Seasonal Payments) option via a customised leasing package corresponding to the farmers’ income patterns, under which rentals will be serviced only during harvesting periods.

The Bank said that the prime objective of the promotion is to empower the farming community to access the latest technology and equipment, thereby contributing to improve income and support national economic development. The promotion will be conducted in agricultural areas by the Bank’s Agriculture & Micro Finance Unit (AMFU) officers and the sales teams of AMW.

The New Holland Agriculture brand is globally renowned for providing solutions that improve farming efficiency and productivity by using accessible technology. AMW’s partnership with New Holland Fiat India enables them to offer a wide range of easy-to-operate tractors, harvesters, material handling and seeding equipment. New Holland has more than 100 product lines and over 400 models globally.

AMW was established in 1949 as a pioneer tyre retreading company, and is today a highly respected company in Sri Lanka’s automobile sector, representing several leading international nameplates for passenger cars, trucks and buses as well as three wheelers and motor cycles, in addition to tractors and agricultural machinery.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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