Business
Finco Holdings’ stake in Printcare exceeds 11 percent; selling pressure in major banks
Finco Holdings (Pvt) Limited has increased its holding in Sri Lanka’s Printcare to 11.21 percent, CSE sources said.
“Following the execution of the above transaction, the shareholding of the aforementioned client in Printcare has exceeded 10 percent, CSE sources added.
Finco Holdings bought 2,648,582 ordinary shares, at Rs. 62 a share.
The company previously held 6,989,213 shares.
Amid those developments the stock market was volatile yesterday as selling pressure was noted in major banks, especially HNB, Sampath Bank and Commercial Bank, while Pan Asia Bank’s per share price shot up by 10 percent. Its initial price was Rs 34.80 and at the end of the day it moved up to Rs 38.
At the end of the day, the All Share Price Index was up by 62.5 points, while the S and P SL20 went up by 5.63 points. Turnover stood at Rs 5.9 billion with eight crossings.
Those crossings were reported in CT Holdings where 5.2 million shares crossed to the tune of Rs 2 billion and its shares traded at Rs 390, Cargills 4.5 million shares crossed for Rs 2 billion; its shares traded at 450, Pan Asia Bank 1.5 million shares crossed for Rs 55 million; its shares traded at 37.40, JKH two million shares crossed for 22.30 million; its shares sold at Rs 20.30, Lion Brewery 23000 shares crossed for Rs 28.5 million; its shares traded at Rs 1240, Melstacope 200,000 shares crossed for Rs 26.4 million and its shares sold at Rs 132, Lanka IOC 200,000 shares crossed for Rs 25.9 million; its shares traded at Rs 129.50 and Central Finance 110,000 shares crossed for Rs 21.9 million; its shares sold at Rs 199.
In the retail market top six companies that have mainly contributed to the turnover were; Lankem Developments Rs 215 million (10.5 million shares traded), Pan Asia Bank Rs 197 million (5.4 million shares traded), CTC Rs 83 million (61400 shares traded), JAT Holdings Rs 74 million (2.5 million shares traded), ACL Cables Rs 72 million (557,000 shares traded) and JKH Rs 67 million (3.3 million shares traded). During the day 77.3 million share volumes changed hands in 13664 transactions.
It is said that manufacturing sector counters actively participated at the floor, especially CT Holdings and Cargills, while other sectors also performed well. But a slight price depreciation in major three banks had negatively impacted the S and P SL20 index.
Yesterday, the rupee opened at Rs 299.42/47 to the US dollar in the spot market, against Wednesday’s close of 299.52/55, dealers said, while bond yields were broadly steady from the previous close.
A bond maturing on 15.02.2028 was quoted at 9.85/95 percent. A bond maturing on 01.09.2028 was quoted at 9.95/10.00 percent. A bond maturing on 15.12.2028 was quoted at 10.00/05 percent. A bond maturing on 15.06.2029 was quoted at 10.28/29 percent. A bond maturing on 15.12.2029 was quoted at 10.38/40 percent, from 10.35/42 percent. A bond maturing on 15.03.2031 was quoted flat at 10.85/95 percent.
By Hiran H Senewiratne
Business
Global regulators convene in Colombo for key IOSCO enforcement and cooperation discussions
The Securities and Exchange Commission of Sri Lanka (SEC) successfully hosted a series of high-level meetings of the International Organization of Securities Commissions (IOSCO), bringing together leading securities regulators and enforcement officials from around the world to discuss emerging regulatory challenges, strengthen international cooperation, and enhance collective efforts to combat cross-border securities market misconduct.
The meetings, held at the Hilton Colombo from 13 to 16 October 2026, included sessions of the IOSCO Enforcement and Cooperation Committee and its Screening Group (Committee 4/SG), as well as meetings of the Monitoring Group and the Steering Committee. The event attracted approximately 50 senior representatives from securities regulators and exchanges across several jurisdictions, including Australia, Japan, the United States, the United Kingdom, France, Italy, Canada, New Zealand, India, Germany, Belgium, Singapore, China and Spain, reflecting the global significance of the discussions and the growing importance of international regulatory collaboration.
Welcoming delegates to Sri Lanka, Senior Professor D.B.P.H. Dissabandara, Chairman of the SEC, emphasized the critical role of international cooperation in safeguarding market integrity and investor confidence in an increasingly interconnected financial landscape.
“No regulator can effectively address cross-border misconduct in isolation. The speed with which information, transactions and illicit activities can move across borders requires an equally coordinated and timely regulatory response. Strong international cooperation, effective information sharing and mutual trust among regulators are essential to maintaining fair, transparent and resilient capital markets,” he stated.
The discussions focused on a range of enforcement and cooperation matters, including mechanisms for enhancing cross-border information exchange, strengthening investigative collaboration among regulators, addressing increasingly sophisticated forms of securities fraud and market abuse, and promoting the effective implementation of international standards and best practices. Participants also exchanged experiences and insights on emerging enforcement challenges arising from technological developments, digitalization of financial services, and increasingly interconnected global markets.
IOSCO is recognized as the leading international body that brings together the world’s securities regulators and serves as the global standard setter for securities regulation. Through its policy work and cooperative initiatives, IOSCO plays a central role in promoting investor protection, ensuring that markets are fair, efficient and transparent, reducing systemic risk, and strengthening confidence in capital markets worldwide.
Sri Lanka has maintained a strong and active relationship with IOSCO for more than three decades. The SEC became an Ordinary Member of IOSCO in 1993 and has been a signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) since 2004. The MMoU is the internationally recognised benchmark for cooperation and information sharing among securities regulators and serves as a critical tool in facilitating cross-border investigations and enforcement actions.
Business
Pan Asia Bank partners Ideal Motors to offer leasing solutions
Pan Asia Bank recently entered into a one-year Memorandum of Understanding (MOU) with Ideal Motors (Pvt) Ltd, creating a new financing avenue for customers purchasing vehicles from the authorised Mahindra dealer. The strategic partnership will enable customers of Ideal Motors to access leasing facilities from Pan Asia Bank, making vehicle financing more convenient while supporting their mobility and business requirements. The agreement also provides an opportunity for the Bank to expand its leasing portfolio and strengthen its presence in Sri Lanka’s vehicle financing market.
Ideal Motors is the authorised dealer for the Mahindra vehicle range in Sri Lanka, including the Mahindra Bolero CPU Truck and Scorpio Jeep/Pickup. The vehicles cater to a range of requirements, from commercial and business applications to personal mobility, making accessible financing an important part of the purchasing decision.
The Bank’s vehicle leasing facilities are designed to simplify the financing process, with convenient repayment options and professional support to help customers select a solution suited to their requirements. For customers, the arrangement brings vehicle selection and financing closer together, reducing the need to navigate the two processes separately.
“Our partnership with Ideal Motors enables us to bring financing closer to customers at the point of vehicle purchase. We remain focused on providing convenient and flexible leasing solutions that support both personal mobility and the needs of businesses,” said Naleen Edirisinghe, Director/CEO of Pan Asia Bank.
Pan Asia Bank and Ideal Motors will work closely during the one-year partnership to maximise business opportunities and deliver a seamless financing experience to customers. The collaboration is expected to strengthen both organisations’ ability to respond to demand for commercial and personal vehicles while creating greater value for customers.
Yohan Ebell, Head of Retail Credit, Pan Asia Bank, said: “Through this partnership, we aim to make vehicle financing simpler and more accessible, with leasing solutions designed to meet the varied requirements of Ideal Motors’ customers.”
The collaboration also reflects Pan Asia Bank’s commitment to building partnerships that make financial services more accessible and responsive to the needs of individuals and businesses.
Pan Asia Bank has established a growing presence in vehicle financing, offering leasing solutions designed around customer convenience and flexibility. Its leasing proposition is supported by a nationwide branch network and a customer-focused approach, enabling customers to obtain guidance on financing options while completing their vehicle purchase.
Business
Heritance Hotels and Resorts secures four wins at World Travel Awards 2026
Heritance Hotels and Resorts has secured four distinguished titles at the World Travel Awards 2026, with three national awards recognising its Sri Lankan properties and an international title for Heritance Aarah in the Maldives.
The three Sri Lankan titles recognise Heritance Tea Factory as Sri Lanka’s Leading Heritage Hotel 2026, Heritance Ahungalla as Sri Lanka’s Leading Luxury Hotel 2026, and Heritance Kandalama as Sri Lanka’s Leading Wedding Hotel 2026. Heritance Aarah was named the Indian Ocean’s Leading All-Inclusive Resort 2026.
Internationally recognised within the global travel and tourism industry, the World Travel Awards celebrate excellence across hotels, resorts, and destinations. Recognition at this level affirms the quality, distinctiveness, and consistency of the experiences delivered by Heritance Hotels and Resorts.
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