Business
Delisting plans at Aitken Spence Plantation Managements; investor sentiment up
By Hiran H.Senewiratne
Aitken Spence Plantation Managements PLC will de-list its shares from the official list of the CSE, subject to obtaining shareholder and regulatory approvals, company sources said.The exit offer price is Rs 240 per share, the company reportedly said.
“The Board of Directors of the company has made arrangements for this purpose with Aitken Spence PLC, MJ F Holdings (Private) Limited, and D. A. de S. Wickramanayake, three largest shareholders of the company (the “Major Shareholders”) and the Major Shareholders have indicated their willingness to acquire the shares of the minority shareholders of the company who may wish to divest/sell their shares, company sources said.
Amid those developments the CSE investor sentiment indicated a significant improvement. Of importance in this context is the fact that Zambia, Ghana and Sri Lanka are going through financial and balance of payment crises with similarities. However, Zambia and Ghana bondholders have agreed to conclude their debt restructuring exercise soon. This has created some rays of hopes in the Sri Lanka context, market analysts said.
Meanwhile, the All Share Price Index went up by 67.77 points, while S and P SL 20 rose by 47.86 points. Turnover stood at Rs 1.3 billion with four crossings. Those crossings were reported in Sampath Bank, which crossed 3 million shares to the tune of Rs 231 million; its shares traded at Rs 77, Melstacope 1.3 million shares crossed for Rs 1.3 million; its shares traded at Rs 87, JKH 414,000 shares crossed for Rs 85.5 million and its shares sold at Rs 206.50 and HNB 145,000 shares crossed to the tune of Rs 20 million; its shares traded at Rs 193.
In the retail market top seven companies that mainly contributed to the turnover were; Commercial Bank Rs 58.6 million (555,000 shares traded), HNB Rs 40.6 million (209,000 shares traded), CCS Rs 34.1 million (553,000 shares traded), Sampath Bank Rs 33.7 million (432,000 shares traded), CIC (Non- Voting) Rs 32.6 million (216,000 shares traded), NTB Rs 31.6 million (261,000 shares traded) and Dipped Products Rs 28.2 million (847,000 shares traded). During the day 44.8 million share volumes changed hands in 10700 transactions.
Yesterday banking sector counters were active, while manufacturing sector counters also considerably contributed to the turnover.
Yesterday, rupee opened lower at Rs 301.60/75 to the US dollar, from Rs 301.60/302.00 the previous day, dealers said. Bond yields were steady.
A bond maturing on 15.12.2026 was quoted at 9.70/80 percent from 9.70/85 percent. A bond maturing on 15.09.2027 was quoted up at 10.25/35 percent from 10.30/40 percent. A bond maturing on 01.07.2028 was quoted up at 10.75/80 percent from 10.70/80 percent.
Business
Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle
Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.
The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.
“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.
According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.
“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.
The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.
They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.
Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.
“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.
They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.
“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.
In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.
The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.
By Hiran H Senewiratne
Business
Refurbished AAC Call Box declared open
The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.
The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).
The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.
Call Technical Officer Sampath Madagama on 0767315696.
Business
Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story
As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.
Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.
Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.
-
Features4 days agoSri Lankan Airlines Airbus Scandal and the Death of Kapila Chandrasena and my Brother Rajeewa
-
News5 days agoLanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’
-
News4 days agoKapila Chandrasena case: GN phone records under court scrutiny
-
News4 days agoRupee slide rekindles 2022 crisis fears as inflation risks mount
-
Opinion7 days agoElectricity tariffs have skyrocketed: Can further increases be prevented?
-
Business4 days agoExpansion of PayPal services in Sri Lanka officially announced
-
Features6 days agoMysterious Death of United Nations Secretary General Hammarskjöld
-
News4 days agoCourt orders further arrests in alleged USD 42 Mn NDB fraud case
