News & market updates

Hayleys PLC and John Keells Holdings are platinum sponsors of CA Sri Lanka's 45th National Conference, held 14–16 October. Other shortlist companies sponsoring the event include Nations Trust Bank (exclusive banking partner), Nawaloka Hospitals PLC (exclusive healthcare partner), LB Finance, Capital Alliance, DIMO, Sunshine, C. W. Mackie and Lanka IOC.

DIMO Healthcare (DIMO.N0000) installed a ZEISS KINEVO 900 surgical visualization system at Lanka Hospitals, enhancing the hospital's neurosurgical visualization and precision.

The Sri Lanka Design Festival 2024 will be hosted at Cinnamon Life, unveiling 'Innovation Island' to promote creative industries and position Sri Lanka as a South Asian creative hub; DIMO Sri Lanka is acknowledged for supporting Mercedes‑Benz Fashion Week held alongside the festival.

Commercial Bank of Ceylon held an Agri Modernisation Fair in Vavuniya to promote smart agriculture and showcase technologies, with participation from Hayleys, AgStar, John Deere, DIMO, CIC and Browns. The event included lectures on economics of modern farming and practical drone demonstrations for input application.

DIMO announced a strategic partnership with Nations Trust Bank to expand CARPITAL advisory services for pre-owned luxury vehicles, adding NTB financing, leasing, insurance, credit card and wealth-management solutions. NTB customers gain expedited processing, residual financing up to 50%, and DIMO warranties and roadside assistance.

DIMO (Diesel & Motor Engineering PLC) launched the Tata Motors GenVoltz generator series in Sri Lanka, offering models from 25–125 kVA and a two-year or 3,000-hour warranty. The range targets SMEs, real estate, healthcare, hospitality and telecom users, emphasising fuel efficiency and emissions compliance.

DIMO Healthcare donated an additional workstation for the Siemens Healthineers 3 Tesla MRI at Jaffna Teaching Hospital, expediting MRI report generation and increasing diagnostic capacity in the North-East. The MRI's energy-saving feature also cuts energy use by about 30% and the expansion supports radiology training.

President Ranil Wickremesinghe will inaugurate the Daily FT–Colombo University MBAA ESG Summit 2024 tomorrow at 9 a.m. at the Cinnamon Grand. Speakers and panelists include executives from HSBC and listed firms Alliance Finance (ALLI.N0000), Diesel & Motor Engineering (DIMO.N0000) and Teejay Lanka (TJL.N0000) discussing environment, governance and sustainable financing.

Diesel & Motor Engineering PLC (DIMO) has launched and delivered Mercedes‑Benz EQ electric models in Sri Lanka, including the EQA 350, EQE 350 SUV, EQS 450+ and AMG EQS 53, with additional EQ models imminent. DIMO offers 8–10 year HV battery warranties, exports end‑of‑life batteries for recycling and is expanding EV chargers and solar installations.