Business
Bourse springs into another bull-run; indices up
CSE activities were extremely bullish yesterday and the bourse gained 1500 Index points during the last twelve seasons, according to market analysts.
The All Share Price Index was up by 72.7 points, while the S and P SL20 rose by 16.15 points. Turnover stood at Rs 6.46 billion with 12 crossings.
Top seven crossings were reported in Commercial Bank, where 1.8 million shares crossed to the tune of Rs 341 million; its shares traded at Rs 193, Kandy Hotels five million shares crossed for Rs 100 million and its shares sold at Rs 20, Lanka Wall Tiles 1.4 million shares crossed for Rs 71.5 million; its shares traded at Rs 52, Dipped Products 731,000 shares crossed for Rs 48.8 million; its shares sold at Rs 66.50, Chevron Lubricants 170,000 shares crossed for Rs 30.1 million; its shares fetched at Rs 177,CTC 17000 shares crossed to the tune of Rs 28.5 million; its shares traded at Rs 1675 and Hayleys 150,000 shares crossed for Rs 27.9 million; its shares traded at Rs 180.
In the retail market top seven companies that mainly contributed to the turnover were; Ambeon Capital Rs 431 million (12.6 million shares), RIL Properties Rs 323 million (8.5 million shares traded), Galadari Rs 313 million (15 million), Lanka Milk Food Rs 228 million (3.5 million shares traded), Access Engineering Rs 157 million (2.5 million shares traded), Commercial Credit Rs 150 million (2.5 million shares traded) and Pan Asia Power Rs 146 million (4.9 million shares traded). During the day 225 million share volumes changed hands in 40144 transactions.
It is said that mixed sentiments were noted throughout the day. But the banking and financial sector performed well. Further, manufacturing recorded a significant performance at the floor.
Yesterday the rupee opened at Rs 302.55/58 to the US dollar, relatively flat from Rs 302.55/60 the previous day, while bond yields moved up, dealers said.
A bond maturing on 15.02.2028 was quoted at 9.03/07 percent.
A bond maturing on 15.03.2028 was quoted at 9.08/12 percent.
A bond maturing on 15.09.2029 was quoted at 9.58/62 percent.
A bond maturing on 15.03.2031 was quoted at 10.10/15 percent.
A bond maturing on 01.10.2032 was quoted at 10.40/50 percent.
A bond maturing on 01.06.2033 was quoted at 10.75/95 percent.
An auction of 43,000 million rupees Treasury bills was ongoing.
The telegraphic transfer rates for the American dollar was 299.0000 buying, 306.0000 selling; the British pound was 400.8598 buying, and 412.2216 selling, and the euro was 348.5956 buying, 359.9588 selling.
By Hiran H Senewiratne
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
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