Business
Comments on future governments’ policy trajectories dampen bourse
By Hiran H.Senewiratne
CSE trading was dull yesterday following remarks by Central Bank Governor Dr. Nandalal Weerasinghe to the effect that any future government too has to align itself with the IMF agreement, if not it would amount to a breach of agreements with external and internal creditors, inclusive of the IMF.
Amid those developments both indices moved downwards. The All Share Price Index went down by 60.5 points while the S and P SL20 declined by 24.64 points. Turnover touched below the average level of Rs 566 million without any crossings.
In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 43.9 million (317,000 shares traded), Kotagala Plantations Rs 41 million (6.8 million shares traded), Sampath Bank Rs 36.8 million (157,000 shares traded), JKH Rs 29.8 million (157,000 shares traded), Commercial Bank Rs 27.2 million (290,000 shares traded), Kelani Tyres Rs 23.2 million (387,000 shares traded) and Hayley’s Fabrics Rs 21.1 million (524,000 shares traded). During the day 36.8 million share volumes changed hands in 7500 transactions.
Yesterday the rupee opened at Rs 326.85/95 to the US dollar, from 326.80/327.00 the previous day, dealers said.
Bond yields were steady. A bond maturing on 01.08.2026 was quoted stable at 13.70/80 percent. A bond maturing on 15.01.2027 was quoted at 13.80/90 percent from 13.70/80 percent. A bond maturing on 15.12.2028 was quoted at 14.00/14.05 percent.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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