Writer Corporation, one of India’s leading business groups, announced the launch of its subsidiary, Writer Business Services Pvt. Ltd., and the commencement of its operations in Sri Lanka. The expansion reflects Sri Lanka’s strategic importance in Writer’s regional growth plans and its role in supporting a highly regulated digital and financial services market which is currently undergoing digital transformation.

Sri Lanka’s continued focus on strengthening regulatory frameworks, digital platforms, and financial systems is shaping how institutions across banking, government, and enterprise sectors approach their business operations. There is a clear emphasis on secure, compliant, and resilient information and transaction environments that can scale with regulatory and business needs. Writer’s entry into Sri Lanka aligns with this direction, bringing global experience and a partnership-led approach to the market.

As part of its launch, Writer will establish a secure records and information storage facility in Seeduwa, Colombo. Designed to meet global standards for security, compliance, and disaster resilience, the facility will support banks, financial institutions, government bodies, and large enterprises in managing physical and digital information across its lifecycle.

Alongside information management, Writer brings established expertise in integrated payment services to support the modernization of transaction infrastructure across the banking and financial services sector. Its payments capabilities focus on strengthening availability, transaction continuity, and transparency across critical payment channels that underpin institutional reliability and customer confidence.

Writer’s digital payments offerings in Sri Lanka include end-to-end ATM and self-service terminal outsourcing, integrated channel ownership and managed services, field management applications, payment and reconciliation platforms, and remote monitoring with near real-time reporting. These solutions support financial institutions in improving uptime, strengthening governance, and enhancing operational efficiency across payment networks, in line with the continued evolution of electronic and automated payment systems.

Across information management and payments, Writer operates with an integrated portfolio spanning records and information management, business process outsourcing, cloud and digital services, data privacy, cybersecurity and enterprise payments infrastructure. These capabilities support institutions in addressing evolving regulatory requirements, digitization of legacy environments, and rising operational and cyber risks.

Writer’s local presence enables closer collaboration with clients and on-ground delivery, while supporting the development of Centres of Excellence across cybersecurity operations, SOC and NOC services, AI-led solutions, and payments operations and monitoring.

Writer’s Sri Lanka operations will be built, led, and run by Sri Lankan professionals, reflecting a long-term commitment to local talent growth and development.

Commenting on this development, Satyamohan Yanambaka, CEO, Writer Global Services Pvt. Ltd., assured Writer’s long-term commitment to the country’s digital ambitions. He said, “Writer’s entry into Sri Lanka reflects our belief that digital ambition in regulated environments must be supported by trust, sound governance, and strong execution. As institutions scale digital services, the reliability of information and payment systems, channel operations, and governance frameworks becomes increasingly important to public and institutional confidence. Our experience across information management, digital transformation, and enterprise payments enables us to support secure, large-scale financial ecosystems, with a clear commitment to building and leading these capabilities locally.”

Sri Lanka’s Digital Personal Data Protection framework raises expectations around how personal and sensitive information is secured and governed.

Altair Residences have, over the past six months, seen more than 100 individual title deeds being executed by apartment owners, providing owners with a clear, registered, legal title to their apartments in accordance with Sri Lankan property law. This has been a key initiative by the new owners and management of Altair to improve governance and will continue in an orderly manner in the coming months.

With the transition of ownership to Blackstone India, Altair’s Management Council has also been formally constituted, enabling owners to play an active and proactive role in the management of the Altair building. In addition, the management council has appointed Realty Management Services (RMS), a subsidiary of Overseas Realty Ceylon PLC, as the new facility manager of Altair.

Commenting on these milestones, Thilan Wijesinghe, Chairman of TWC Holdings, who, together with a team from TWC, represents Blackstone’s interests in Sri Lanka, said, “The issuance of individual title deeds is a critical step in any professionally developed residential asset. Over the past six months, this process at Altair has moved forward in a structured and transparent manner, alongside the formal establishment of owner-led governance. This, combined with the appointment of experienced facility managers are fundamental building block for long-term value-creation for apartment owners and proper asset stewardship.”

With ongoing improvements to the building being undertaken by Indocean Developers Pvt Ltd (IDPL), the owning company of Altair, the issuance of deeds to owners is expected to accelerate over the coming months.

CSE trading kicked off on a positive note yesterday but later turned negative because some companies’ quarterly earnings did not meet expectations where profits are concerned.

Amid those developments both indices moved downwards. The All Share Price Index went down by 55.70 points, while the S and P SL20 declined by 5.29 points.

Turnover stood at Rs 6.9 billion with 15 crossings. Top seven crossings were reported in Prime Lands Residencies, where 15.9 million shares crossed to the tune of Rs 717 million and its shares traded at Rs 45, CTC 138,475 shares crossed for Rs 235.41 million; its shares traded at Rs 1700, Sampath Bank 1.4 million shares crossed to the tune of Rs 221.6 million; its shares traded at Rs 155.

Hemas Holdings 3.7 million shares crossed to the tune of Rs 128.8 million; its shares traded at Rs 34.80, Central Finance 298,000 shares crossed for Rs 83.4 million; its shares traded at Rs 280, Lanka IOC 500,000 shares crossed for Rs 70.5 million; its shares sold at Rs 141 and Ceylinco Holdings 2000 shares crossed for Rs 65 million; its shares sold at Rs 3250.

In the retail market top seven companies that mainly contributed to the turnover were; Prime Lands Residencies Rs 483.6 million (10.6 million shares traded), Softlogic Capital Rs 414 million (61.5 million shares traded), Hemas Holdings Rs 291 million (8.4 million shares traded), Colombo Dockyard Rs 288 million (1.97 million shares traded), Softlogic Life Rs 192 million (2.1 million shares traded) Laugfs Rs 188 million (2.7 million shares traded) and Green Tech Rs 171.8 million (22.7 million shares traded). During the day 277 million shares volumes changed hands in 45056 transactions.

Yesterday the rupee was quoted at Rs 309.58/63 to the US dollar in the spot market, improving slightly from Rs 309.60/67 the previous day, having depreciated in recent weeks, dealers said, while bond yields were broadly steady from the previous close.

A bond maturing on 15.12.2029 was quoted at 9.65/70 percent.

A bond maturing on 01.07.2030 was quoted at 9.75/80 percent.

A bond maturing on 15.03.2031 was quoted at 9.90/10.00 percent, down from 9.95/10.00 percent.

A bond maturing on 15.12.2032 was quoted at 10.28/38 percent.

A bond maturing on 01.06.2033 was quoted at 10.65/75 percent.

A bond maturing on 15.06.2035 was quoted at 10.95/11.05 percent, down from 10.95/11.02 percent.

An auction of 205,000 million rupees treasury bonds was ongoing.

By Hiran H Senewiratne