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Hotel Secor stocks keep CSE buoyant

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The hotel sector counters were active at the Colombo stock exchange yesterday creating notable price appreciation in hotel stocks. This enabled the market to perform on a positive note yesterday. Amid those developments marginal profit takings were also witnessed , market analysts said

In the scenario, both indices moved upwards. All Share Price Index up by 1.53 points while S and P SL20 up by 37.5 points. Turnover stood at Rs 6.2 billion with twelve crossings.. Those crossings were reported in Keells Hotels (KHL) 15.8  million shares crossed to the tune of Rs 331 million and its share price traded at Rs 21, Access Engineering 2.8 million shares crossed to the tune of Rs 170 million and its share price traded at Rs 62.20, Jetwing Symphony 11.7 million shares crossed to the tune of 140 million and its share price traded at Rs 12, HNB 300,000 shares crossed to the tune of Rs 106 million and its share price traded at Rs 356, NDB 453,000 shares crossed to the tune of Rs  98.4 million and its share price traded at Rs 141, Hayleys 390,000 shares crossed to the tune of Rs 69.1 million and its share price traded at Rs 157, Trans Asian Hotel 900,000 shares crossed to the tune of Rs 45 million and its share price traded at Rs 50, Asian Hotel Properties  500,000 shares crossed to the tune of Rs 24.5 million and its share traded at Rs 69, JKH one million shares crossed to the tune of Rs 25,4  million and its share price traded at Rs 25.40, Sampath Bank 150,000 shares crossed to the tune of Rs 20.8 million and its share price traded at Rs 30.50.

In the retail market top six companies that have mainly contributed to the turnover were Access Engineering Rs 545 million (8.8 million shares traded), JKH Rs 304 million (12.1 million shares traded), Kingsbury Rs 255 million (17.2 million shares traded), Jetwing Symphony Rs 257 million (17.6 million shares traded), JKH Rs 187 million (8.7 million shares traded) and Vallible One Rs 155 million (1.7 million shares traded). During the day 350 million share volumes changed hands in 41000 transactions.

It is said that during the day there was a notable price appreciation in hotel sector counters especially John Keells Hotels and Jetwing. Main contributors were the manufacturing and banking sector as well.

Yesterday, the Central Bank announced the US dollar rate. The rupee opened at 301.35/60 to the US dollar in the spot market Thursday, slightly weaker from 301.40/50 a day earlier, while bond yields were broadly steady, dealers said.

In the secondary market, a bond maturing 15.12.2026 was quoted flat at 8.10/20 percent.A bond maturing on 15.12.2028 was quoted at 8.95/9.05 percent, down from 8.95/9.07 percent.A bond maturing on 15.10.2029 was quoted at 9.46/49 percent.A bond maturing on 15.12.2029 was quoted at 10.48/53 percent, down from 9.50/53 percent.A bond maturing on 15.12.2032 was quoted flat at 10.40/50 percent.

By Hiran H. Senewiratne ✍️



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EU’s new anti-greenwashing rules pose major challenge for Sri Lankan exporters

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This new directive applies to businesses across multiple sectors, of any size, that export products or services to the EU market.

Countdown to September 2026 begins

Sri Lankan exporters selling into Europe may soon face one of the most significant regulatory shifts in recent years as the European Union prepares to enforce sweeping new rules aimed at eliminating ‘misleading’ environmental and sustainability claims.

The regulation, known as the Empowering Consumers for the Green Transition Directive (EmpCo) – Directive (EU) 2024/825, will become fully enforceable across all EU member states from September 27, 2026. While the directive is primarily designed to protect European consumers from so-called ‘greenwashing,’ and it carries important implications for exporters worldwide, including those in Sri Lanka.

Compliance experts warn that many local businesses remain largely unaware of the new requirements despite their potential impact on market access, brand reputation, and regulatory compliance.

The directive introduces a simple but demanding principle: companies must be able to substantiate environmental and sustainability claims with credible evidence. Generic descriptions such as ‘eco-friendly,’ ‘green,’ ‘sustainable,’ ‘responsible,’ ‘carbon neutral,’ or ‘climate friendly’ may no longer be used freely unless they can be verified through reliable data and supporting documentation.

For Sri Lankan exporters, this represents a significant shift. Sustainability claims increasingly appear on product packaging, websites, social media campaigns, annual reports, tourism marketing materials, and corporate communications. Under the new framework, such claims could face scrutiny from regulators, consumers, retailers, and civil society groups.

The directive also places particular emphasis on future environmental commitments. Claims such as ‘Net Zero by 2040’ or ‘Carbon Neutral by 2030’ may require businesses to demonstrate clear implementation plans, measurable milestones, and systems for monitoring progress rather than relying on aspirational statements alone.

An environmental compliance expert told The Island Financial Review that this transforms sustainability from a communications exercise into a governance issue. “Responsibility will no longer rest solely with sustainability departments. Company directors, senior executives, marketing teams, procurement professionals, and compliance officers will all have roles to play in ensuring that public claims can withstand regulatory scrutiny. The potential costs of non-compliance are considerable. Under the directive, penalties may include fines of up to four percent of annual turnover generated within the relevant EU member state, restrictions on marketing activities, increased regulatory investigations, and challenges from consumer organisations and commercial partners.”

“The reputational consequences may prove even more damaging. In highly competitive export markets, trust has become a critical business asset. Companies found to be making unsubstantiated environmental claims could face long-term damage to relationships with buyers, retailers, and consumers.”

“The timing is particularly important for Sri Lankan businesses because compliance preparations, reporting frameworks and adjustments are needed before the enforcement date arrives.”

“Businesses supplying European markets are therefore being encouraged to begin assessing their exposure now rather than waiting until the last minute. Early preparation could help exporters safeguard market access, maintain buyer confidence, and strengthen their competitive position in an increasingly sustainability-conscious global economy.”

“For Sri Lanka’s export sector, the message from Europe is becoming increasingly clear: sustainability claims will no longer be judged by how compelling they sound, but by how convincingly they can be proven,” he said.

As the countdown to September 2026 begins, exporters may need to ask themselves a critical question: Are their sustainability claims ready for a new era of accountability?

By Sanath Nanayakkare

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University of West London opens Sri Lanka’s first full UK university branch campus

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The official signing ceremony between the University of West London, UK and ANC Education.

The University of West London (UWL) has formally opened the University of West London Sri Lanka Branch Campus, the country’s first full UK university branch campus, marking a landmark development in Sri Lanka’s higher education sector.

The University of West London Sri Lanka Branch Campus is designed to bring a UK university learning experience closer to students in Sri Lanka. The campus is operated by ANC Campus, a pioneer in the higher education sector in Sri Lanka with over two decades of experience in delivering internationally recognised education.

The University of West London Sri Lanka Branch Campus gives students the opportunity to study towards world-class UK degrees while remaining close to home. Academic delivery, assessment and quality assurance will be aligned with University of West London standards, with the University maintaining academic oversight of its courses and awards. Students will have access to UWL-approved programmes, academic support, learning resources and a campus environment designed to promote academic success, confidence and employability.

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Xiaomi Store powered by Abans opens at One Galle Face Mall

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Xiaomi Sri Lanka, marked a significant day in the brand’s local journey with the launch of the all-new Xiaomi 17T and the grand opening of the new Xiaomi Store powered by Abans at One Galle Face Mall, Lower Ground.

This occasion reflects the brand’s growing presence in the country and its commitment to bringing smarter technology, connected devices and immersive customer experiences closer to Sri Lankan consumers.

Held under the theme “Step into a smarter world with Xiaomi,” the launch event welcomed media, partners, technology enthusiasts and customers to experience Xiaomi’s latest innovation and wider smart ecosystem. The new store at One Galle Face Mall powered by Abans has been designed to give customers a hands-on experience across Xiaomi smartphones, smart home products, lifestyle technology and connected devices, supported by Abans’ strong retail presence and customer service network.

Commenting on the milestone, Kain Wang, Country Head, Xiaomi Sri Lanka, said, “17th June is a significant day for Xiaomi in Sri Lanka as we celebrate two important milestones together: the launch of the Xiaomi 17T and the opening of our new Xiaomi Store powered by Abans at One Galle Face Mall. This reflects the strength of Xiaomi’s journey in Sri Lanka and our continued commitment to offering innovation, performance and smarter lifestyle experiences to local consumers. With Xiaomi 17T, we are bringing advanced Leica imaging, powerful performance and long-lasting battery life to users who want to do more with their smartphones. At the same time, our new store creates a dedicated space for customers to experience the Xiaomi ecosystem in a more personal and engaging way.”

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