Business
Construction sector shares prove their investor attractiveness
The CSE kicked off on a positive note yesterday but later retail and institutional participation decreased due to investor pessimism on the country’s economic prospects. Despite those odds, investor confidence in construction rose due to country reconstruction efforts that began in the aftermath of the flood devastation coupled with construction sector companies’ 3rd quarter fortunes picking-up, market analysts said.
Amid those developments, mixed reactions were noted in both indices. The All Share Price Index went down by 6.15 points, while the S and P SL20 rose by 6.11 points. Turnover stood at Rs 2.35 billion with five crossings.
Those crossings were reported in RIL Property, which crossed 2 million shares to the tune of Rs 63.6 million; its shares traded at Rs 32, Tokyo Cement (Non Voting) 650,000 shares crossed tfor Rs 57.2 million; its shares traded at Rs 88, Cargills Ceylon 70000 shares crossed for Rs 56 million; its shares traded at Rs 800, Richard Pieris 1million shares crossed for Rs 41 million; its shares traded at Rs 41, and Seylan Bank 218,000 shares crossed for Rs 22.3 million; its shares traded at Rs 102.50.
In the retail market companies that mainly contributed to the turnover were; Tokyo Cement (Non Voting), Rs 259 million (three million shares traded), Tokyo Cement (Voting) Rs 204 million (1.8 million shares traded), Colombo Dockyard Rs 101 million (528,000 shares traded), Renuka Agri Foods Rs 94.6 million (8.8 million shares traded), Hayleys Rs 72.3 million (372879 shares traded), East West Properties Rs 71.1 million (one million shares traded) and Access Engineering Rs 54.4 million (870,000 shares traded). During the day 57.1 million share volumes changed hands in 19771 transactions.
It is said that the construction and real estate sectors led the market, especially Tokyo Cement and Access Engineering. Further, the FMCG sector also performed well, especially Cargills and Richard Pieris. Manufacturing sector counters, mainly Colombo Dockyard, were also active.
Yesterday the rupee depreciated further, opening at Rs 309.75/80 to the US dollar in the spot market, from Rs 309.65/72 the previous day, dealers said, while bond yields were broadly steady.
Details as follows:
A bond maturing on 15.02.2028 was quoted at 8.90/97 percent. A bond maturing on 15.10.2029 was quoted at 9.45/48 percent.
A bond maturing on 15.03.2031 was quoted at 9.85/88 percent. A bond maturing on 01.10.2032 was quoted flat at 10.20/25 percent. A bond maturing on 15.06.2035 was quoted at 10.62/66 percent.
The telegraphic transfer rates for the American dollar were 306.0000 buying, 313.0000 selling; the British pound was 407.9465 buying and 419.3083 selling and the euro was 356.9638 buying, 368.3270 selling.
By Hiran H.Senewiratne
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
-
News6 days agoRepatriation of Iranian naval personnel Sri Lanka’s call: Washington
-
Features6 days agoWinds of Change:Geopolitics at the crossroads of South and Southeast Asia
-
News5 days agoProf. Dunusinghe warns Lanka at serious risk due to ME war
-
Sports4 days agoRoyal start favourites in historic Battle of the Blues
-
Sports3 days agoThe 147th Royal–Thomian and 175 Years of the School by the Sea
-
News3 days agoHistoric address by BASL President at the Supreme Court of India
-
Business7 days agoSeven decades of sartorial excellence: The legacy of Linton Master Tailors in Kandy
-
News4 days agoCEBEU warns of operational disruptions amid uncertainty over CEB restructuring
