Business
DIMO and Komatsu mark 50 years of partnership
DIMO is celebrating its partnership of 50 years with the world-renowned heavy machinery giant Komatsu in Sri Lanka at the same time that Komatsu is marking 100 years of its business operations.
Over the years, Komatsu’s diverse product portfolio has helped to redefine DIMO’s product offering in the Heavy Machinery sphere, enabling the company to make significant contributions towards infrastructure development projects in the country while boosting local large-scale industries such as cement, construction, and mining with world-class heavy machinery that have resulted in increased productivity and higher efficiency levels. The Komatsu product range offered by DIMO includes hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, hybrid hydraulic excavators and articulated dump trucks. DIMO has delivered Komatsu machinery for large-scale national projects such as the Katunayake-Colombo Highway, Southern Expressway, Central Highway, Hambanthota Port, and most recently the Port City. DIMO’s Komatsu customers also include the private sector, large-scale cement manufacturers to small-scale individual machinery owners.
During the past 50 years, DIMO and Komatsu revolutionized the local Heavy Machinery industry by introducing Sri Lanka’s first innovative Hybrid Excavators to the market and delivering the largest bulldozer ever to be supplied to Sri Lanka, the Komatsu D375 dozer, to Holcim. The Komatsu and DIMO partnership has also been instrumental in supplying Komatsu HD465-7R, the biggest-ever Komatsu Dump Trucks (Pay Load-55 MT), to Sri Lanka for Siam City Cement Lanka Ltd (SCCL). Although the Hybrid Technology was not widely used in the South Asian region, thanks to DIMO’s capabilities to offer after sales for the Hybrid users in Sri Lanka, Komatsu offered the Hybrid machines, making Sri Lanka become the first country to deliver over 60 units in South Asia.
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
Commercial Bank leads nationwide aquatic clean-up drive
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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