Business
Illiquid stocks continue to look good at CSE
ASPI ends higher amid healthy turnover levels
By Hiran H.Senewiratne
Trading activities at the Colombo Stock Exchange (CSE) were positive yesterday while most of the illiquid shares were relatively active.
The main reason for the market to be positive was due to LOLC Development Finance being very active and its share price appreciated by 25 percent attributing 43 points to the All Share Price Index, stock market analysts said.
During the day both indices moved upwards. All Share Price Index up by 67.01 points and S&P SL20 up by 11.98 points. Turnover stood at Rs 1.21 billion sans a single crossing.
In the retail market top five companies that mainly contributed to the turnover were JKH Rs 96.3 million (698,000 shares traded), C.W Mackie Rs 85.8 million (1.3 million shares traded), LOLC Rs 75.3 million (183,000 shares traded), Commercial Bank Rs 54.5 million (611,000 shares traded) and CIC Rs 46.6 million (849,000 shares traded).
LOLC Development Finance, JKH, LOLC, and Expolanka share prices also appreciated while contributing positively to the All Share Price Index. LOLC Development Finance share price appreciated by 25 percent. Its share price moved up to Rs 400.25 from Rs 320.25 and its contribution to All Share Price Index was 43 points.
JKH share price appreciated by 1.7 percent or Rs 2.25. Its share price moved up to Rs 138 from Rs 135.75 contributing seven points to All Share Price Index. LOLC share appreciated by 1.6 percent or Rs 6.50. Its share price moved up to Rs 412 from Rs 404.50 contributing six points to the All Share Price Index and Expolanka share price appreciated by 80 cents of 1.6 percent. It’s share price moved up to Rs 50.90 from Rs 50.10 contributing three points to the All Share Price Index.
Further, C.W Mackie has announced a Rs 7 dividend for every single share for its shareholders. Therefore, its share price was appreciated by 14 percent or Rs 8.50. Its share price moved up to Rs 68.90 from Rs 60.40. During the day 50.1 million share volume changed hands in 18,976 transactions.
Business
Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle
Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.
The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.
“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.
According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.
“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.
The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.
They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.
Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.
“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.
They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.
“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.
In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.
The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.
By Hiran H Senewiratne
Business
Refurbished AAC Call Box declared open
The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.
The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).
The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.
Call Technical Officer Sampath Madagama on 0767315696.
Business
Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story
As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.
Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.
Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.
-
Features4 days agoSri Lankan Airlines Airbus Scandal and the Death of Kapila Chandrasena and my Brother Rajeewa
-
News5 days agoLanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’
-
News4 days agoKapila Chandrasena case: GN phone records under court scrutiny
-
News4 days agoRupee slide rekindles 2022 crisis fears as inflation risks mount
-
Opinion7 days agoElectricity tariffs have skyrocketed: Can further increases be prevented?
-
Business4 days agoExpansion of PayPal services in Sri Lanka officially announced
-
Features6 days agoMysterious Death of United Nations Secretary General Hammarskjöld
-
News4 days agoCourt orders further arrests in alleged USD 42 Mn NDB fraud case
