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Asset Draft – a working capital solution from Assetline

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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

MullenLowe Group Sri Lanka Appoints Sarah Nasry as Director & Chief Financial Officer

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Sarah Nasry, Director & Chief Financial Officer

MullenLowe Group Sri Lanka (MLG) announced the appointment of Sarah Nasry as Director & Chief Financial Officer, effective immediately.

In her new role, Sarah will lead both the Finance and Human Resources functions at MullenLowe Group Sri Lanka, playing a pivotal role in shaping the company’s financial strategy and people agenda. She holds a distinguished track record across multiple business disciplines, including Supply Chain, ICT, Administration, Corporate Communications, and CSR. Sarah brings a wealth of experience from her most recent position as General Manager – Finance & Business Partnering at Brandix, Sri Lanka’s leading apparel manufacturer.

Recognised for her strengths in business partnering, financial planning, and strategic decision-making, Sarah is also widely respected for nurturing inclusive, people-centric cultures that foster growth and high performance.

Thayalan Bartlett, Executive Chairman of MLG, commented, “Sarah’s appointment follows an extensive search for the right person to lead our finance division through the next phase of our journey. Her wide-ranging experience and strong leadership credentials give me every confidence that she will continue to strengthen the financial integrity and compliance standards we are known for, and the Board looks forward to working closely alongside her in this journey.”

Sarah also marks a significant milestone for the company, becoming the first female member of MLG’s Board of Directors. She will additionally serve on the MLG Executive Committee (ExCo), reinforcing the company’s commitment to diversity and inclusion at the leadership level.

Commenting on her appointment, Sarah said, “I am honoured and excited to join MullenLowe Group Sri Lanka and help steer the company into its next chapter. I look forward to collaborating with the talented team at MLG to drive financial strength, champion a people-first culture, and build on the company’s strong legacy of creativity and performance.”

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Sun Siyam Pasikudah Named Tripadvisor Travelers’ Choice Award Best of the Best Winner for 2025

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Sun Siyam Pasikudah, a boutique luxury resort on Sri Lanka’s eastern coast, is thrilled to announce its recent win at the Tripadvisor’s Travelers’ Choice Awards Best of the Best for 2025, placing it among the top 10 percent of resorts worldwide. This accolade reflects the resort’s commitment to exceptional guest experiences, sustainable practices, and community engagement.

As the world’s largest travel guidance platform, Tripadvisor has unparalleled authority with travelers and diners. This award is based on genuine feedback from anyone in the community who has visited and left an authentic, first-hand review on Tripadvisor over a 12-month period, making it a valuable and trustworthy designation of travelers’ favorites.

Reopened in November 2023 after an extensive transformation, Sun Siyam Pasikudah offers 34 spacious one- and two-bedroom garden and beach pavilions, each featuring bold monochromatic interiors accented with golden tones. The redesign, led by Studio Sixty7, emphasizes a blend of contemporary elegance and local craftsmanship. The resort collaborated with local artisans, showcasing Sri Lanka’s rich talent and cultural heritage.

‘‘We are thrilled to being recognized on par with some of the world’s best resorts. Under just two years since our reopening, this achievement couldn’t be possible with the tremendous effort and support of our world-class team and our guests that keep coming for the unique experiences we offer. We are proud to contribute to Sri Lanka, a destination that is on every traveler’s go-to list,’ said its General Manager, Arshed Refai who has been with Sun Siyam Resorts for over a decade.

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OTTO Bathware earns SLS certification for sanitaryware safety and quality

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The official certification was presented by Dr Siddhika G. Senaratne (Director General of SLSI) to Dilanga Karunaratna (Director of Art Decoration International (Pvt) Ltd)

OTTO Bathware has received Sri Lanka Standards (SLS) certification from the Sri Lanka Standards Institution (SLSI). This certification confirms that OTTO’s sanitaryware meets the highest national standards for safety, durability, and performance. With over 30 years of experience, OTTO Bathware operates under the ADI Group (Art Decoration International Pvt. Ltd.- www.ottobathware.com) and runs a modern 435,000square feet manufacturing facility in Bandaragama. The company has grown to become; South-Asia’s largest decorative ceramic manufacturer/ exporter, Sri Lanka’s second-largest sanitaryware producer, supplying to over 500 retailers island-wide.

“We’re proud to offer sanitaryware that meets national safety and quality standards. We encourage all Sri Lankans to look beyond the price tag and choose products that are certified, tested, and built to last.” said its Chairman, S. H. B. Karunarathne.

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