Business
Pan Asia Bank partners global bank to launch unique gold loan solution

Pioneering another innovation in Sri Lanka’s banking industry, Pan Asia Bank has launched a superior Gold Loan product in partnership with a reputed global bank, which is a unique solution to protect the asset value of customers in fluctuating market conditions. Along with its global banking partner, Pan Asia Bank has devised this new product to take away the risk of asset devaluation due to market fluctuations. As a Truly Sri Lankan bank, Pan Asia Bank understands the customer point of view which is why it is offering this unique product proposition for the first time ever in Sri Lanka.
Gold loans have traditionally been a preferred mode of accessing loans by a wide swathe of customers but the volatility in gold prices in recent years has made this a risky proposition for both borrowers and lenders. Pan Asia Bank’s new proposition stabilizes uncertainty in gold prices, enabling the Bank to offer a higher value to customers whilst also protecting the asset value of their gold. With this unique Gold Loan product, Pan Asia Bank synergizes its decades-long experience in the industry and in-depth knowledge of consumers with the expertise of the leading global bank for a product that has been absent in the market, thereby effectively rendering gold loans a safe haven product.
Pan Asia Bank’s new gold loan is the first such product in the history of Sri Lanka’s banking sector. This innovative solution is also in line with the regulator’s vision to see local banks using more derivative options.
Business
Pasans Rent a Car honoured at Iconic Awards 2025 in Thailand

Pasans Rent a Car (Pvt) Ltd was recently honoured as The Excellent Car Rentals and Tour Service Provider of the Year at the Iconic Awards 2025 held in Bangkok, Thailand. Managing Director, Dr. Pasan Nalinda Hiripitiyage received the award. Established in 2002 as a modest vehicle rental service, Pasans Rent a Car has today grown into a national name in travel and transport. Headquartered in Malabe, they cater to a wide range of clients such as private customers, tourists, and private and Government institutions including Ministries.
Business
Medihelp Hospitals and Apollo Hospitals Group-India announce strategic clinical collaboration

Medihelp Hospitals and Apollo Hospitals Group-India have announced a strategic clinical collaboration during a grand ceremony at the Kingsbury Hotel in Colombo. The MOU outlines a framework for clinical collaboration, focusing on knowledge sharing, advanced specialty care, preventive health initiatives, and continuous professional development. This partnership aims to elevate clinical standards in Sri Lanka by introducing global best practices through joint programs, telemedicine, second-opinion services, and medical education.
The agreement was signed and exchanged by Nishantha Jayamanne, Chief Operating Officer of Medihelp Hospitals, and Jithu Jose, Vice President – International Division of Apollo Hospitals. Nishantha welcomed the dignitaries and emphasized the importance of such collaborations in light of the escalating disease burden and changing disease patterns. Jithu Jose remarked, “At Apollo Hospitals, we are committed to the principle that access to high-quality healthcare should transcend geographical boundaries. We are proud to be part of this collaborative initiative to strengthen the ties between the medical communities of India and Sri Lanka.”
Business
Union Assurance leads fight against diabetes with nationwide ‘Suwamaga’ initiative

Union Assurance, a pioneering force in Sri Lanka’s private life insurance sector, is playing an increasingly proactive role in addressing the country’s rising diabetes crisis. As part of its commitment to corporate citizenship, the company has launched Suwamaga, an impactful CSR programme aimed at combating the growing threat of non-communicable diseases (NCDs), with a particular focus on diabetes.
Senath Jayatilake, Chief Executive Officer at Union Assurance, explained that the company’s corporate responsibility approach stems from its new brand vision, which is centered around empowering human progress by protecting what matters most. He emphasized that this vision is aligned with the company’s dedication to strengthening not only financial stability but also the emotional, physical, and community well-being of Sri Lankans. “As part of our strategic direction, we recognized the severe impact of NCDs, particularly diabetes, on the nation’s social and economic progress,” Jayatilake noted.
The Suwamaga programme launched in 2024, under the Ministry of Health’s collaboration, includes a Mobile Screening Unit, which has already screened over 26,000 individuals across Sri Lanka, from urban centers to rural communities. The mobile unit offers free diabetes screenings, followed by personalized medical advice, empowering the public to take charge of their health. Mahen Gunarathna, Chief Marketing Officer at Union Assurance, shared, “The screenings have revealed alarming results. Approximately 15% of participants were recommended for further testing, with 12% diagnosed with diabetes for the first time. These screenings have proven essential for early intervention.”
The gravity of the diabetes crisis in Sri Lanka was further highlighted by Dhanya Wijesuriya, Vice President of the Sri Lanka Diabetes Association. “Diabetes is a silent killer in Sri Lanka, affecting an alarming portion of the population,” she said, stressing that early detection is key to preventing the disease from progressing. “Pre-diabetes is reversible, but once diabetes is diagnosed, it’s a lifelong condition. Tragically, half of those affected remain unaware until complications arise.”
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