Business
Indices drop as CSE trading fails to maintain positive momentum
CSE activities kicked off on a positive note early in the session yesterday but later became negative due to profit- takings. Consequently, the turnover level also dropped substantially.
Amid those developments both indices moved downwards. The All Share Price Index went down by 172 points while S and P SL20 declined by 35.17 points. Turnover stood at Rs 4.4 billion with six crossings.
Those crossings were reported in JKH, where 3 million shares crossed to the tune of Rs 68.4 million and its shares traded at Rs 22.80, Haylays 300,000 shares crossed for Rs 58.5 million; its shares traded at Rs 195, Chevron Lubricants 300,000 shares crossed to the tune of Rs 54.75 million; its shares sold at Rs 182.50, Hemas Holdings 1.26 million shares crossed for Rs 45.36 million; its shares sold at Rs 36, Renuka Holdings 700,000 shares crossed for Rs 31.5 million; its shares traded at Rs 45 and Watawela Plantations 500,000 shares crossed for Rs 24 million; its shares traded at Rs 48.
In the retail market top companies that mainly contributed to the turnover were; Hayleys Rs 314 million (1.61 million shares traded), Sierra Cables Rs 154 million (4.6 million shares traded), JKH Rs 147 million (6.5 million shares traded), HNB (Non-Voting) Rs 139.7 million (225,600 shares traded) and Sampath Bank Rs 101 million (688,146 shares traded). During the day 137.8 million share volumes changed hands in 33928 transactions.
It is said that manufacturing, plantation and banking sectors played an important role at the floor.
Yesterday the rupee opened at Rs 307.15/25 to the US dollar in the spot market, weaker from Rs 307.00/25 the previous day, dealers said, while bond yields were broadly steady.
A bond maturing on 15.03.2028 was quoted at 8.97/99 percent, from 8.95/9.00 percent.
A bond maturing on 15.09.2029 was quoted at 9.45/47 percent.
A bond maturing on 01.07.2030 was quoted at 9.56/65 percent, from 9.58/62 percent.
A bond maturing on 15.12.2031 was quoted at 10.00/10 percent.
A bond maturing on 15.12.2032 was quoted at 10.25/32 percent, up from 10.22/32 percent.
A bond maturing on 15.09.2034 was quoted at 10.53/58 percent.
A bond maturing on 15.06.2035 was quoted flat at 10.68/71 percent.
The telegraphic transfer rates for the American dollar were 303.5000 buying, 310.5000 selling; the British pound was 398.1429 buying, and 409.5047 selling, and the euro was 349.5624 buying, 360.9256 selling.
By Hiran H Senewiratne
Business
Indra Traders launches Athwela Programme in partnership with Bank of Ceylon
Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).
The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.
The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.
Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”
Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”
Business
Launch of new Beijing-Colombo air link announced in China
The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.
While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.
The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.
There was no word about the flight frequency and when the service will begin.
Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.
The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.
Business
SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App
SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.
Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.
Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.
The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.
Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.
Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.
Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.
To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.
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