Business
Impressive banking and financial counters fail to halt stock market’s slide
By Hiran H. Senewiratne
The CSE did not perform well yesterday owing to a host of external and internal environmental factors that did not support stock trading, market analysts said.
The All Share Price Index went down by 41.53 points, while the S and P SL20 declined by 14.92 points. Turnover stood at Rs 873 million with four crossings.
Those crossings were: Standard Chartered Capital crossed 3.9 million shares to the tune of Rs 150 million; its shares traded at Rs 40, Sampath Bank 688,000 shares crossed for Rs 96 million and its shares sold at Rs 139.50, Lanka IOC 488,000 shares crossed for Rs 63 million; its shares sold at Rs 128.50 and NDB 500,000 shares crossed for Rs 55 million; its shares sold at Rs 110.
In the retail market companies
that mainly contributed to the turnover were; Digital Mobility Solutions Rs 36 million (237,000 shares traded), Ambeon Capital Rs 34 million (1.1 million shares traded), LB Finance Rs 34 million (227,000 shares traded), Commercial Bank Rs 27 million (133,000 shares traded), JKH Rs 23 million (1.2 million shares traded), Sampath Bank Rs 22 million (126,000 shares traded) and HNB Rs 20 million (52000 shares traded). During the day 30 million share volumes changed hands in 10403 transactions.
Banking sector counters, especially Sampath Bank and Commercial Bank, performed well while among financial sector counters LB Finance performed well. JKH was also active at the floor.
Fitch Ratings has upgraded state-run Bank of Ceylon’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘B-’ from ‘CCC+’ with a Stable Outlook, following the recent sovereign rating upgrade. The rating agency also upgraded the lender’s Viability Rating to ‘b-’ from ‘ccc+’ and raised its Short-Term Issuer Default Rating to ‘B’ from ‘C’.
Aitken Spence Hotel Holdings PLC’s rated, unsecured, senior redeemable debentures were listed on the CSE yesterday across five-year and seven-year tenors. The listing follows the hospitality group’s debenture issuance launched in September, which was oversubscribed on its opening day to raise up to Rs 5 billion.
Yesterday the rupee was quoted at Rs 330.65/70 to the US dollar in the spot market from Rs 330.60/70 the previous day, while bond yields were broadly steady, dealers said.
A bond maturing on 15.10.2028 was quoted at 10.51/54 percent, up from 11.48/53 percent.
A bond maturing on 15.10.2029 was quoted flat at 10.80/90 percent.
A bond maturing on 01.08.2030 was quoted at 11.10/15 percent, down from 11.10/18 percent.
A bond maturing on 15.10.2030 was quoted at 11.15/20 percent, down from 11.20/25 percent.
A bond maturing on 15.12.2032 was quoted at 11.65/70 percent, down from 11.65/75 percent.
A bond maturing on 15.10.2034 was quoted flat at 11.95/12.00 percent.
At the end of September, the rupee had depreciated by 6.3 percent against the US dollar on a year-to-date basis, the Central Bank said.
Business
Pan Asia Bank’s Rs. 5 b debenture issue oversubscribed
Pan Asia Banking Corporation PLC’s Senior Listed Rated Unsecured Redeemable Debenture issue of up to Rs. 5 billion was oversubscribed following its opening reflecting strong investor interest.
The debentures, with a par value of Rs. 100 each, will be listed on the Colombo Stock Exchange (CSE). The three-year debentures offer an interest rate of 12.75% interest payable annually, while the five-year debentures offer 13.50% interest payable annually.
The issue has been assigned a BBB+ (Stable) rating by Lanka Rating Agency.
The debenture issue was managed by the Investment Banking Unit of Commercial Bank of Ceylon PLC, with SSP Corporate Services (Private) Limited serving as the Registrar to the Issue.
The Bank said the strong investor response demonstrates continued confidence in Pan Asia Bank and its approach to creating long-term value for its stakeholders.
Pan Asia Bank, which positions itself as ‘The Truly Sri Lankan Bank’, continues to strengthen its role in supporting the financial requirements of individuals and businesses while contributing to the development of Sri Lanka’s economy.
Business
SLIIT International and Liverpool John Moores University inaugurate dedicated international learning facility
The Sri Lanka Institute of Information Technology (SLIIT) and Liverpool John Moores University (LJMU), United Kingdom, recently inaugurated SLIIT International in Collaboration with LJMU, a dedicated international learning facility located at No. 17, Dickmans Road, Colombo 04, marking a significant milestone in a partnership spanning more than a decade and reinforcing their commitment to providing Sri Lankan students with access to internationally recognised UK higher education qualifications.
The Grand Opening Ceremony was attended by Andrew Patrick, British High Commissioner to Sri Lanka, who graced the occasion as Chief Guest, alongside senior representatives from SLIIT, Liverpool John Moores University, the British Council, academia, industry and other stakeholders, marking the next chapter of the longstanding SLIIT–LJMU collaboration. The new facility is particularly significant as Sri Lanka’s first academic facility dedicated exclusively to the delivery of LJMU degree programmes, reflecting the strength, maturity and long-term commitment of the partnership.
Over the past decade, the SLIIT–LJMU partnership has established a growing network of more than 1,500 alumni, while providing Sri Lankan students with opportunities to gain internationally recognised UK qualifications locally. The new dedicated facility has been designed to provide a world-class learning environment exclusively for LJMU programmes, supporting future programme expansion, strengthening the student experience and creating opportunities for deeper academic collaboration, innovation, research and student engagement.
Commenting on the milestone, Prof. Lalith Gamage – Vice-Chancellor, Managing Director and Chief Executive Officer, SLIIT, stated, “The launch of SLIIT International in Collaboration with Liverpool John Moores University represents an important new chapter in our longstanding partnership with Liverpool John Moores University. Our vision is to provide Sri Lankan students with a world-class education and student experience right here in Sri Lanka, while equipping them with the global outlook, critical thinking, professional capabilities and career readiness required to succeed in an increasingly interconnected world. This dedicated facility strengthens the student experience while providing a strong foundation for the continued growth of our collaboration with LJMU.”
Prof. Timothy Nichol, Pro-Vice-Chancellor, Faculty of Society and Culture, Liverpool John Moores University, said, “The opening of Sri Lanka’s first facility dedicated exclusively to LJMU degree programmes represents a significant milestone for the University and our partnership with SLIIT. It reflects the strength of our collaboration and our shared commitment to delivering a high-quality LJMU educational experience in Sri Lanka. The new facility also creates exciting opportunities for deeper academic collaboration, innovation, research and student engagement as we look towards the next phase of our partnership.”
A key highlight of the Grand Opening Ceremony was the panel discussion titled “Beyond Borders: The Role of British Higher Education in Developing Globally Competitive Graduates.” The discussion examined the growth of international educational opportunities in Sri Lanka, the future expansion of UK degree programmes, maintaining the quality and integrity of UK qualifications, developing future-ready graduates with global competencies, and the role of international higher education in strengthening graduate employability. The panel brought together Prof. Lalith Gamage; Prof. Timothy Nichol; Mr. Sajeewa Meepage, Representative of the British Council; and Dr. Harsha Cabral, Board Member of SLIIT.
The panelists further emphasized on emerging trends in areas including law, business, psychology and artificial intelligence, as well as the contribution of UK higher education to Sri Lanka through internationally recognised qualifications that uphold global academic standards.
The discussion explored the history and future of the SLIIT–LJMU partnership, the strategic significance of the new SLIIT International facility, academic quality, graduate employability and the long-term growth of LJMU programmes in Sri Lanka.
The ceremony also featured a special address by Andrew Patrick, British High Commissioner to Sri Lanka, followed by an address by Mrs. Clare Sears, Country Director, British Council Sri Lanka. The evening also included the ceremonial exchange of the partnership document between SLIIT International and Liverpool John Moores University, symbolising the continued commitment of both institutions to strengthening their collaboration and expanding international educational opportunities for Sri Lankan students.
Business
Dijital Team and WinSYS City University launch two-year partnership
Dijital Team has signed a two-year partnership with Winsys City University, strengthening the skills and capabilities of its team members to support Managed Service Providers and IT service providers while elevating tech talent to immediate industry-readiness. With a Memorandum of Understanding (MOU) signed recently, the partnership was formally launched on 9 September 2026 at Dijital Team’s office premises, Colombo.
Combining Dijital Teams’ international employer network and understanding of the capability requirements of MSPs and IT service providers across Australia, New Zealand and the United Kingdom with Winsys City University’s training heritage of 21 years, the joint programmes create legitimate classroom-to-international-career pathways, offering structured learning and certification avenues that support deeper capability across cloud, cybersecurity, automation, AI and emerging technologies.
-
News5 days agoPolice remove Thileepan statue in Jaffna
-
Features5 days agoThe 22nd Amendment, constitutional recovery and illiberal slippage
-
Features5 days agoOf foreigners as CEOs of Lankan ventures
-
Latest News3 days agoGold winner Tharanga gets brand-new Honda Vezel from SLAAJ
-
News5 days agoSajith rejects Jt. Opp. protest sabotage claim; SJB TU chief demands remedial action
-
Features4 days agoThailand’s biggest new global star …
-
Features3 days agoWhy Sri Lanka needs an Inclusive Civic Nationalism – urgently
-
News4 days agoFirst cases taken up by SC after enactment of 22A dismissed
