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lolc Finance becomes the first nbfi in Badalkumbura, and relocates in Hakmana

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Ribbon cutting ceremony at Badalkumbura branch attended by Chairman of LOLC Finance, Conrad Dias and the Director/ CEO of LOLC Finance,Krishan Thilakaratne.

LOLC Finance has further strengthened its footprint with the opening of a new branch in Badalkumbura and the relocation of its Hakmana branch, expanding its network to over 200 branches across the country. This expansion highlights the company’s commitment to making financial services more accessible, particularly in regions with low financial literacy, limited access to formal financial institutions, and a need for structured financial guidance for individuals and businesses to thrive

The opening ceremony was attended by Chairman of LOLC Finance, Conrad Dias, Director/ CEO of LOLC Finance, Krishan Thilakaratne, Chief Operating Officer of LOLC Finance Montini Warnakula, and Head of Channels of LOLC Finance, Prasanna Karandagolla, alongside the Regional Manager, and respective Branch Managers.

These new branches are strategically positioned in areas with untapped economic potential. Badalkumbura, situated in the Moneragala District, is known for its flourishing cultivation industry, benefiting from ideal climate conditions. However, despite its agricultural strengths, access to financial services has remained scarce, limiting opportunities for local businesses and individuals to effectively manage their finances and expand their ventures. Hakmana, a picturesque town in the Matara District, offers a vibrant economic landscape with growing commercial activities. The presence of LOLC Finance in these locations bridges a long-standing gap in financial accessibility, bringing essential financial services and solutions closer to the people who need them most.

Performing the first transaction at the new branch

Speaking at the opening ceremony, Chairman of LOLC Finance, Conrad Dias, stated, “The opening of these branches is not just about expanding our footprint, it’s about creating real impact in communities that have been historically underserved. In regions where financial knowledge and structured access to financial solutions have been limited, we are stepping in to empower individuals, entrepreneurs, and SMEs with the right tools to manage and grow their finances. The launch of our Badalkumbura branch is particularly significant, as we are the first NBFI to establish a presence here, ensuring that the people of this area are no longer left behind. With over 200 branches now across Sri Lanka, LOLC Finance remains steadfast in its mission to integrate all Sri Lankans into a well-connected financial ecosystem, providing tailor-made solutions to meet their evolving needs. We are not just service providers; we are financial partners, here to support and guide our customers every step of the way.”

Located at No. 82, Beliatta Road, Hakmana, and Passara-Monaragala Road, Badalkumbura, these branches offer a comprehensive range of financial services, including savings and deposits, leasing, loans, card facilities, gold loans, and alternate financial solutions. As LOLC Finance continues to expand, it reaffirms its role as a catalyst for economic growth, fostering financial independence and resilience in every community it serves.



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Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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