LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, has entered into a strategic partnership with Euro Motors (Pvt) Ltd to enhance accessibility to vehicle ownership through tailored financial solutions.
The Memorandum of Understanding (MoU) was signed on April 20 at the LOLC Head Office in Rajagiriya, formalising a collaboration aimed at delivering flexible and customer-centric Alternate Financial Services (AFS) to Euro Motors customers across Sri Lanka.
Through this partnership, LOLC Al-Falaah will provide structured and convenient financing solutions across Euro Motors’ vehicle portfolio, which includes globally recognised brands such as Jetour, Dongfeng, and JAC, covering both commercial and passenger vehicle segments.
The financial solutions will be made available through Euro Motors showrooms and retail outlets, ensuring wider accessibility and a seamless customer experience for prospective vehicle buyers.
Commenting on the partnership, Montini Warnakula stated that the initiative reflects the company’s commitment to expanding inclusive and ethical financial access through innovative solutions that support customer mobility aspirations.
Similarly, Ravindra Senarathne highlighted that the collaboration strengthens the value proposition offered to customers by integrating flexible financing options with vehicle offerings, enabling improved affordability and convenience.
Euro Motors, a member of the KDG Global Group of Companies, continues to strengthen its presence in Sri Lanka’s automotive sector by offering economical and reliable mobility solutions through an expanding nationwide network.
CHEC Marks Key Milestone in China-Funded Housing Project in Colombo
China Harbour Engineering Company (CHEC) has achieved a significant construction milestone in the China-aided affordable housing project in Colombo, with the topping-out of the Maharagama site on May 12.
The milestone marks the completion of the main structural works for 112 housing units, forming part of a larger 1,996-unit housing development designed to support low-income families in Sri Lanka. The project is funded by the Government of China under the Belt and Road Initiative and implemented by CHEC.
The broader housing programme aims to provide affordable, quality housing while improving urban living conditions and strengthening long-standing development cooperation between China and Sri Lanka.
At the Maharagama site, the topping-out ceremony marked the completion of structural construction, after which work will progress to interior finishing, installations, and final construction phases leading up to project handover.
Commenting on the milestone, Wang Gang stated that the achievement reflects CHEC’s commitment to delivering high-quality infrastructure and housing projects that create meaningful social value.
He further noted that the project supports improved living standards for low-income families while reinforcing development collaboration between China and Sri Lanka.
The housing initiative remains one of the key China-funded urban development projects in Sri Lanka, focusing on community upliftment and large-scale infrastructure delivery with an emphasis on quality, timeliness, and long-term social impact.
LOLC Al-Falaah Partners with Euro Motors to Enhance Access to Financial Solutions
