Business
Possibility of new corporate taxes having share investors worried
By Hiran H.Senewiratne
Investor sentiment at the CSE was characterized by a touch of gloom yesterday due to worries connected to the external debt restructuring exercise and the forthcoming budget. With regard to the latter, there was concern over the possibility of an increase or an introduction of new corporate taxes, market analysts said.
The stock market reverted to negative territory as investors were wary despite policy rate cuts by the Monetary Board. Consequently, both indices moved downwards.
The All Share Price Index went down by 55.83 points and S and P SL20 declined by 13.32 points. Turnover stood at Rs 611 million without any crossings. In the retail market top seven companies that mainly contributed to the turnover were JKH Rs 92.6 million (486,000 shares traded), HNB Rs 34.30 million (209,000 shares traded), SLT Rs 34.2 million (355,000 shares traded), TJ Lanka Rs 28.6 million (817,000 shares traded), CIC Holdings Rs 22.4 million (306,000 shares traded), Windforce Rs 21.9 million (1.15 million shares traded) and Access Engineering Rs 20.4 million (1 million shares traded). During the day 21.3 million share volumes changed hands in 8000 transactions.
It is said high net worth and institutional investor participation was noted in JKH and Piramal Glass. Mixed interest was observed in Sri Lanka Telecom, Capital Alliance and Asian Hotels & Properties, while retail interest was noted in Browns Investments, People’s Leasing & Finance and E-Channelling.
The Capital Goods sector was the top contributor to the market turnover (due to JKH), while the sector index edged down by 0.12 percent. The share price of JKH increased by 50 cents to reach Rs 190.50.
The Diversified Financials sector was the second highest contributor to the market turnover (due to Capital Alliance), while the sector index decreased by 1.48%. The share price of Capital Alliance moved down by Rs 3 to Rs 69.80.
Sri Lanka Telecom, Asian Hotels & Properties and Sampath Bank were also included among the top turnover contributors. The share price of Sri Lanka Telecom gained Rs 11 to reach Rs 94. The share price of Asian Hotels & Properties recorded a gain of 90 cents to reach Rs 63. The share price of Sampath Bank declined by 40 cents to settle at Rs 67.Yesterday, the US dollar buying rate was Rs 318.28 and selling rate Rs 328.91.
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
-
News5 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News6 hours agoOver 35,000 drug offenders nabbed in 36 days
-
News4 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features6 days agoDitwah: An unusual cyclone
-
Business2 days agoLOLC Finance Factoring powers business growth
-
News2 days agoCPC delegation meets JVP for talks on disaster response
-
News2 days agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady

