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Colombo Stock Exchange completes its 35th year

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The licensed operator of the Sri Lankan stock market, the Colombo Stock Exchange (CSE) marked a historic milestone last week when it completed its 35th year.

Given the entrepreneurial spirit of the Sri Lankan people, the Colombo Stock Exchange builds on a share trading tradition that has existed in Sri Lanka for over a century. The business of share trading that commenced with plantation companies in 1896 continues to thrive today as a matured and vibrant stock market that mobilizes capital flows of over Rs. 300 billion a year.

The CSE in its present form was incorporated in 1985 and formed by seven (7) Stock Broker Firms as the Colombo Securities Exchange Guarantee Ltd, a company Limited by Guarantee marking a transformative shift in Sri Lanka’s financial services landscape.

The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and offers state-of-the art pre-trade, trade and post-trade platforms supported by a network of Stock Broker Firms which offer end-to-end digitalized trading solutions to a diversified pool of over 700,000 individual and institutional investors. A progressive journey with the combined efforts of all stakeholders has paved the way for many decisive and positive outcomes for the Sri Lankan capital market over the past 35 years.

The CSE has also been an active contributor in the international arena as a member of the World Federation of Exchanges and has on multiple occasions held the Chairmanship of the South Asian Federation of Exchanges, shaping capital market development policy and cooperation in the South Asian Region.

A bell ringing ceremony was organized on 3rd December 2020 to mark the occasion which was delivered to an audience that was 100% online, a first-of-its-kind event for bell ringing ceremonies at CSE considering the guidelines issued by health authorities to prevent the spread of COVID-19. The ceremony was organized on the theme ‘A Transformative past – A Vibrant Future’ and is a part of a series of initiatives organized by the CSE to mark the milestone.

Ajit Jayaratne a past chairman of the CSE and one of the Board members when the CSE was incorporated in its present form was the special guest at the event. Sharing his remarks Jayaratne commended the leadership of the Exchange and recognized the untiring efforts of all those who worked towards building the Stock Market to what it is today. He offered a unique perspective on the history of the CSE and shared memories of the transformative journey.

Commenting on the milestone, the Chairman of the CSE Dumith Fernando said “After 35 years of operations of the stock exchange we have leveraged on the combined expertise and experience of the industry to leap frog on multiple fronts. As we look towards a possible re-rating of the market upwards, what is on the cards are major market infrastructure developments, Product Diversification, widening of the investor base, building a sustainable business model and more importantly working with the Government and the regulator to position the CSE as a pivotal point for capital raising.”



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Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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