Business
Month-end profit-takings weigh down on bourse; Ambeon Capital figures in notable share transaction
Ambeon Capital said it had acquired a 6.8 percent stake of the ordinary voting shares of Ceylon Hotels Corporation for Rs 320 million. This constitutes 12,310,543 shares.Ambeon Holdings paid Rs 26 per share, the company said in a stock exchange filing.
A Ceylon Hotels Corporation stock was trading down 60 cents at Rs 32,whileAmbeon Holdings said it had acquired a 6.09 percent stake of the ordinary voting shares of The Kandy Hotels Corporation (1938) PLC for Rs 550.8 million.
This constitutes 45,904,622 of shares.
Ambeon Holdings paid Rs 12 per share, the company said in a stock exchange filing.
The Kandy Hotels Corporation (1938) stock was trading down 30 cents at Rs 17.50.
Kandy Hotels Company (1938), a subsidiary of Ceylon Hotels Corporation PLC, owns the Queen’s Hotel and Hotel Suisse located in Kandy.
Meanwhile CSE trading activities were down yesterday due to month end profit- takings.
Amid those developments both indices moved downwards. The All Share Price Index went down by 66.3 points while the S and P SL20 went down by 12.9 point. Turnover stood at Rs 5.09 billion with 12 twelve crossings. Top seven companies that mainly contributed to the turnover from crossings were; HNB 500,000 shares crossed to the tune of 202.5 million; its shares traded at Rs 405, Access Engineering 2.85 million shares crossed to the tune of Rs 163.5 million; its shares traded at Rs 67.30, Sampath Bank 1.1 million shares crossed for Rs 159.5 million; its shares traded at Rs 145, Royal Ceramics 1.9 million shares crossed to the tune of Rs 84 million; its shares traded at Rs 45.
LOLC 150,000 shares crossed to the tune of Rs 61.2 million; its shares sold at Rs 550, Sunshine Holdings two million shares crossed for Rs 61.2 million; its shares traded at Rs 30.60 and Ambeon Capital 1.5 million shares crossed to the tune of Rs 48 million; its shares traded at Rs 31.
In the retail market top seven companies that mainly contributed to the turnover were; Royal Ceramics Rs 236 million (5.2 million shares traded), Access Engineering Rs 166 million (2.9 million shares traded), Ambeon Capital Rs162 million (5.1 million shares traded), Sunshine Holdings Rs 143 million (4.6 million shares traded), LOLC Rs 121 million (218,000 shares traded), JKH Rs 106 million (4.4 million shares traded) and HNB Rs 90 million (231,000 shares traded). During the day 181 million shares volumes changed hands in 36600 transactions.
It is said that banking and services sectors performed well. In the banking sector, HNB performed well while in the services sector; Access Engineering performed well. Yesterday, rupee opened at Rs 301.95/302.05 to the US dollar in the spot market, weaker from Rs 301.85/302.00 the previous day, while bond yields were broadly steady, dealers said.
By Hiran H Senewiratne ✍️
Business
SLTDA launches NTSP campaign to elevate national tourism quality and standards
by Claude Gunasekera
The Sri Lanka Tourism Development Authority (SLTDA) officially launched its nationwide capacity-building campaign, “Grow your Tourism Business with National Tourism Skilling Programme (NTSP),” August 31, from the scenic regional hub of Ella. Directed under the leadership of the Tourism Deputy Minister, Prof. Ruwan Ranasinghe, the comprehensive initiative aims to transform micro, small, and medium enterprises (MSMEs) by accelerating their digital readiness and business formalization across the local hospitality ecosystem.
The entire islandwide operation is under the direct coordination of Ms. Tharanga Rupasinghe, the SLTDA Director of Standards and Quality Assurance, ensuring that all rural operators align seamlessly with international hospitality standards. By utilizing the framework of the NTSP, the campaign focuses on delivering essential digital payment tools, modern online marketing insights, and compliance frameworks directly to village-level enterprises, handcraft artisans, and independent tour operators. Speaking at the launch event in Ella, Tourism Deputy Minister Prof. Ruwan Ranasinghe emphasised that sustainable growth in the travel sector relies heavily on empowering smaller stakeholders to become resilient, data-driven participants in the modern market. “True economic resilience in our tourism sector cannot be achieved through large-scale infrastructure alone, but must be built from the ground up by transforming our local communities and regional MSMEs into direct, digitally enabled beneficiaries of global travel traffic,” Prof. Ranasinghe noted. Through this synchronized, localized training approach, the SLTDA intends to systematically protect cultural heritage while elevating the service quality benchmarks of regional travel hotspots nationwide.
Regional hospitality groups, led by the Ella Tourism Association, have strongly welcomed the launch of the SLTDA national skilling campaign, calling it a vital step toward safeguarding the destination’s international reputation. Local operators noted that rapid commercial growth in the Uva Province has highlighted an urgent need for structural standardization, making the arrival of the National Tourism Skilling Programme (NTSP) highly timely. The grassroots response focused heavily on the benefits of formalization and digital integration for the region’s diverse service sector. The Ella Homestay Owners Collective praised the focus on digital payment tools, noting that transition support will help smaller vendors capture direct bookings and reduce their reliance on third-party booking commissions.
The Uva Tuk-Tuk and Adventure Guides Association highlighted that the safety and compliance training will build trust with high-spending international travelers, effectively raising service quality benchmarks across the town. Local association leaders emphasized that having Ms. Tharanga Rupasinghe, SLTDA Director of Standards and Quality Assurance, directly coordinate the field training ensures the program addresses practical, local challenges rather than just theoretical rules. Following the initial rollout, regional committees have pledged to work alongside the SLTDA to ensure that even the smallest village artisans and micro-enterprises achieve official registration, positioning Ella as a model hub for high-quality, community-driven sustainable tourism.
Business
Sri Lanka–Indonesia Business Council holds 3rd Annual General Meeting
The Sri Lanka–Indonesia Business Council of The Ceylon Chamber of Commerce held its 3rd Annual General Meeting recently, bringing together Council members and key stakeholders to review the Council’s activities and priorities for the year ahead. The AGM was graced by Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka and Patron of the Council
Delivering her address, Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka, provided a comprehensive overview of Indonesia’s political and economic landscape, highlighting the country’s focus on promoting economic independence, strengthening sectoral resilience, improving public welfare, and facilitating both inbound and outbound investment.
Re-elected as President of the Council for 2026/27, Sheamalee Wickramasingha, Chairman / Group Managing Director of Ceylon Biscuits Ltd. acknowledged the instrumental role played by the Ambassador in the re-establishment of the Council and reflected on the Council’s key achievements during the past year. She highlighted the successful Sri Lanka–Indonesia Business Delegation to Indonesia, which provided valuable opportunities for Sri Lankan businesses to engage with Indonesian counterparts and explore avenues for commercial cooperation.
Business
LAUGFS Supermarkets opens 46th outlet in Kotahena
LAUGFS Supermarkets has further strengthened its growing retail presence with the opening of its 46th outlet at No. 78, K.B. Christy Perera Mawatha, Kotahena. The new outlet operates 24 hours a day, offering customers a wide range of products together with bakery and hot food options, providing greater convenience and accessibility to the surrounding community.
The new Kotahena outlet further expands LAUGFS Supermarkets’ growing network and reflects the Group’s continued focus on strengthening its presence in strategic locations across the country. The opening ceremony was attended by the Group Chairman, Group Executive Vice Chairman, Acting Group Managing Director/Group Executive Director and senior management.
Commenting on the opening, the Sector Managing Director/CEO – Retail, Niroshan De Silva, said, “The opening of our 46th outlet reflects the dedication, teamwork and determination of our people, who have worked exceptionally hard to bring this outlet together. The new Kotahena outlet is designed to offer customers greater convenience, with an inbuilt bakery and hot food facility that provides freshly prepared food alongside our wide range of products, all under one roof. Our focus is to ensure that every LAUGFS Supermarket operates to the highest standards and consistently delivers quality, convenience and service excellence to our customers.”
The opening of the Kotahena outlet marks another significant milestone in LAUGFS Supermarkets’ ongoing expansion, bringing its products and services closer to more customers while further enhancing its 24-hour retail offering. With its growing network of outlets and continued focus on customer convenience and service excellence, LAUGFS Supermarkets remains committed to strengthening its presence and creating greater value for customers across Sri Lanka.
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