Business
Three year warranty for pre-owned vehicles from AMW
Sri Lanka’s pioneer in automotive sales & services, Associated Motorways (Pvt) Ltd, recently announced that the AMW Certified Vehicles initiative for pre-owned vehicles has taken the lead since its launch in April, 2020 coinciding with the recent ban of motor vehicle imports. AMW Certified has been the established market leader in the pre-owned vehicle market with over 10,000 customers island wide.
The Company claimed that their entry into the unregulated pre-owned vehicle market which was dominated by brokers has propelled certain positive changes such as greater transparency with customers naturally gravitating towards established players such as AMW for a premium quality product with an assurance of safety.
AMW Certified facilitates a swift and streamlined experience for buying & selling of pre-owned vehicles ofall brands in addition to their core brands; Nissan, Suzuki, Datsun & Renault with which the Company has years of experience and expertise with. AMW can purchase a customer’s vehicle immediately with a payment guarantee within just 4 hours. All vehicles are backed by an AMW Technical Certification, a warranty of 1-3 Years and mileage up to 100,000 kilometers – another first for pre-owned vehicles in Sri Lanka.
Commenting on the initiative, Virann De Zoysa, General Manager – Suzuki, Automall & Certified Vehicles at Associated Motorways (Private) Limited opined: “We have identified a niche and delivered a groundbreaking product to satisfy the customers’ appetite in these trying times. After we ventured into dealing with pre-owned vehicles it is encouraging to note that many other agents/ distributors have also entered this segment to provide superior value for customers in the pre-owned vehicle arena.
This ultimately benefits all potential buyers and sellers because organizations such as AMW are particular about transparency, quality and trust which are components gravely lacking in the unregulated pre-owned car market. Vehicles carrying AMW Certification are cleared from unscrupulous mileage -meddling & other fraudulent activities embedded in the pre-owned market due to lack of a regulatory framework.”
According to De Zoysa, in keeping with AMW’s commitment to countering fraudulence in the pre-owned vehicle market, Consumer Affairs Authority will be immediately alerted about incidents of mileage tampering and other unscrupulous activities detected during the inspection & quality certification of pre-owned vehicles.
De Zoysa noted that the automobile industry has shown commendable agility and resilience through back-to-back calamities such as the Easter attack of April 2019 followed by the global pandemic compelling economies to slow down: “A challenge facing the industry at present, more so than the import ban itself, is the barrage of misinformation sellers and buyers have to navigate; rumors give buyers false hope & furthers uncertainty in the market.”
Apart from odometer manipulation, Zoysa also warned prospective buyers of other fraudulent activities pertaining to the pre-owned vehicles market such as selling stolen, rented vehicles after processing forged documents. In order to navigate such issues and save money & time, he advised customers to always seek the services of a reputed & authorized agent, as such are subjected to monitoring and regulation by relevant Authorities for quality of services rendered.
Further information about the AMW Certified service could be obtained from the wide network of dealers situated throughout Sri Lanka. The service offers a host of benefits to buyers and sellers alike, including lower processing time, assurance of quality and aftercare. Authorized agents such as AMW are equipped with best-in-class after sales services carried out by well-trained technicians who follow the manufacturers’ guidelines& use authentic spare parts for repairs.
Business
Cost-effective clearance of goods across borders to determine worth of Customs Paperless Declaration
By Ifham Nizam
The introduction of the Customs Paperless Declaration from October 1 could mark an important step in Sri Lanka’s efforts to modernise trade, but its real value will depend on whether it reduces the time and cost of moving goods through the country’s borders, Customs House Agents & Traders Association President Mohamed Niyas said.
Niyas warned that digitising Customs declarations alone would not necessarily translate into faster cargo clearance or lower costs for businesses.
‘Expecting a dramatic improvement in clearance speed under the present conditions is like expecting Ferrari performance from a Morris Minor configuration, he said.
For importers and exporters, the issue extends well beyond paperwork. Every additional hour or day that cargo remains in the clearance chain can have wider consequences for businesses, including increased port and storage-related costs, additional working-capital requirements, uncertainty over delivery schedules and disruptions to production and distribution.
Niyas said the competitiveness of Sri Lanka’s trading sector ultimately depended on how efficiently goods could move through the country’s border-clearance system.
‘The real bottleneck is not merely the absence of paper. It is the entire clearance ecosystem—the limitations of the existing ASYCUDA World system, excessive regulatory interventions by Other
Government Agencies, multiple approvals, physical examinations, manual interventions, fragmented processes and institutional constraints, he said.
He cautioned that unless these bottlenecks were addressed, there was a risk that the paperless initiative would merely digitise existing bureaucracy.
‘If these underlying constraints remain unchanged, there is a real risk that the new paperless system could become another “copy-and-paste road show”—where an old, complex clearance process is simply transferred onto a digital screen without fundamentally changing the process itself, Niyas said.
For businesses dependent on imported raw materials, machinery, components and other inputs, clearance efficiency can directly affect the wider supply chain.
Delays at the border can create uncertainty for manufacturers, distributors and retailers, while exporters can face difficulties meeting delivery schedules when imported inputs or export consignments are held up.
Niyas therefore argued that the success of the October 1 initiative should be judged by its impact on trade flows rather than by the number of declarations processed electronically.
‘Paperless does not automatically mean faster, he said. ‘Digitising a slow process does not make the process fast. It only makes the slow process digital.’
He said Sri Lanka needed to move towards what he described as “process-less Customs”—a system in which unnecessary procedures are eliminated rather than simply converted into electronic procedures.
Among the reforms he called for are simplification of Customs declarations and approval workflows, improvements to the functionality of ASYCUDA World, greater use of risk-based inspections and better integration of Other Government Agency approvals.
Niyas also called for the elimination of repetitive document submissions and physical endorsements, greater use of pre-arrival processing, sufficient capacity for digital document uploads and clearly defined service-level timelines for Customs and OGAs.
Business
China backs Sri Lanka’s Non-aligned stance to counter regional pressures
By Sanath Nanayakkare
As global attention has fixed on the high-level diplomatic choreography at the United Nations General Assembly in New York, a subtler, yet profound geopolitical signal was sent from Colombo, yesterday.
In a major address marking the founding anniversary of the People’s Republic of China, newly appointed Chinese Ambassador Wei Huaxiang chose to anchor bilateral relations not just in modern trade or infrastructure, but in a shared respect for Sri Lanka’s legacy of non-aligned independence.
By explicitly invoking Sri Lanka’s foundational role in the 1976 Non-Aligned Summit, Beijing was doing something unexpected in an era defined by fierce great-power rivalry: it was officially validating a small island nation’s right to maintain an independent foreign policy stance.
The Strategic Value of Independence
For decades, nations caught in the crosshairs of major-power competition have faced intense pressure to pick sides. Yet, Ambassador Wei’s embrace of Colombo’s non-aligned tradition signaled a different diplomatic playbook. Instead of demanding alignment, Beijing was framing its partnership as a reliable counterbalance to regional pressures. By honouring Sri Lanka’s diplomatic autonomy, China was effectively reassuring smaller economies that sovereign independence and robust economic cooperation can coexist.
Beyond Ports and Industrial Zones
This diplomatic framing reframed the narrative surrounding major collaborative ventures like the Colombo Port City and Hambantota Port. While foreign analysts often view these projects exclusively through the lens of strategic rivalry, Beijing’s diplomatic messaging tied them back to a historical ethos of solidarity—evoking memories of the 1952 Rubber-Rice Pact.
By marrying economic projects with a stated respect for non-alignment, China is positioning itself as a steadfast stakeholder that respects Sri Lanka’s internal agency during difficult economic and political seasons.
As both nations look toward major milestones in 2027—including the 70th anniversary of diplomatic ties—this nuanced diplomatic move revealed how historic traditions are being leveraged to navigate modern multipolar realities.
For global observers, the takeaway was clear: in the shifting architecture of Asian geopolitics, respecting a nation’s historical neutrality may just be the most effective way to secure a lasting partnership, a diplomatic masterclass that Ambassador Wei Huaxiang executed in style.
Business
Sri Lanka Insurance Life appoints Dr. Sameera Dharmasena Chief Executive Officer
Sri Lanka Insurance Life (SLIC Life), the nation’s largest and strongest Life Insurer, is pleased to announce the appointment of Dr. Sameera Dharmasena as its new Chief Executive Officer, effective 22nd September 2026.
Dr. Dharmasena is a distinguished insurance professional with over 21 years of experience in the Sri Lankan insurance industry, having held senior leadership positions across several leading insurance companies affiliated with some of Sri Lanka’s largest business conglomerates. His extensive career spans both local and multinational insurance environments, bringing together broad industry expertise, strategic leadership and a strong commitment to the advancement of the insurance profession.
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