Asia Asset Finance Delivers 110% Growth in First-Half PAT to Rs. 838.5 Million

Asia Asset Finance Delivers 110% Growth in First-Half PAT to Rs. 838.5 Million

Asia Asset Finance PLC (AAF), a subsidiary of Muthoot Finance Limited and a member of the Muthoot Group, recorded a 110% year-on-year increase in Profit After Tax (PAT) to Rs. 838.5 million for the six months ended 30 September 2026, compared with Rs. 400 million in the corresponding period last year. Profit Before Tax increased by 140% to Rs. 1.62 billion. During the six-month period, interest income grew 75% year-on-year to Rs. 6.86 billion, while net interest income increased 92% to Rs. 3.78

04 Nov, 2026

SLT-MOBITEL bags 17 awards at SLIM National Sales Awards 2026 including four Golds

SLT-MOBITEL won 17 awards at the SLIM National Sales Awards 2026, including four Gold awards spanning frontline sales and management roles, according to the telecommunications provider. The ceremony, organised by the Sri Lanka Institute of Marketing, took place on 27 October and marked the awards programme’s silver jubilee. The company’s combined fixed and mobile operations received four Gold, three Silver, five Bronze and five Merit awards. The Gold awards covered the Frontliner, Sales Execut

03 Nov, 2026

CMTA calls for urgent budget action to plug Rs. 120 billion revenue leakage linked to 15% depreciation

The Ceylon Motor Traders’ Association has urged the Government to abolish a 15% depreciation allowance on used vehicle imports in the forthcoming budget, citing estimated revenue losses of Rs. 120 billion by September 2026. The association, affiliated with the Ceylon Chamber of Commerce, argues that the valuation arrangement gives used vehicle imports a tax advantage over brand-new vehicles and wants a unified taxation framework. CMTA estimates that the mechanism accounted for approximately Rs

30 Oct, 2026

Globamed (Pvt) Ltd Sets Out to Establish Sri Lanka as a Leading Medical Tourism Hub in the Asia-Pacific Region

Globamed (Pvt) Ltd, a newly established medical tourism and healthcare travel company in Sri Lanka, is set to introduce a comprehensive approach to international healthcare travel, with a long-term vision of positioning Sri Lanka as one of the leading medical tourism hub in the Asia-Pacific region. Headquartered in Colombo, Globamed aims to connect international patients with Sri Lankan hospitals, specialist doctors, and healthcare providers while delivering an integrated range of services thro

30 Oct, 2026

Janashakthi Finance marks Customer Service Week 2026 during its 45th anniversary year

Janashakthi Finance PLC marked Customer Service Week 2026 under the theme ‘Extra Mile’, organising customer engagements and staff recognition activities during its 45th anniversary year. The company, a subsidiary of JXG, or Janashakthi Group, used the occasion to thank customers for their continued support and acknowledge employees involved in delivering its services. Activities at branch level brought employees and customers together, providing opportunities to discuss their relationships bey

30 Oct, 2026

Janashakthi Finance wins Silver at SLITAD People Development Awards 2025/26

Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), has received a Silver Award at the Sri Lanka Institute of Training and Development (SLITAD) People Development Awards 2025/26, recognising the Company’s commitment to nurturing talent, supporting employee growth, and strengthening employee capabilities. Guided by JXG’s core values of Integrity, Collaboration, Respect, Performance Driven, and Innovation, Janashakthi Finance places people development at the heart of its organisatio

30 Oct, 2026