Business
CSE indices rise in the wake of reports of Sri Lanka’s strengthening reserves
By Hiran H.Senewiratne
CSE trading activities indicated negative sentiments during the early session of yesterday but later turned positive when Bangladesh said that they are to release a further $ 150 million out of the $ 200 million to Sri Lanka under the swap arrangement. Another $300 million is to come from the Chinese Development Bank, analysts said.
Amid those developments both CSE indices rose. ASPI went up by 142.60 points and the S and P SL20 rose by 65.36 points. Turnover stood at Rs. 10.80 billion with five crossings. Those were, Ambeon Holdings 200 million shares crossed for Rs. 100 million and its shares traded at Rs. 50, John Keells Holdings 500,000 shares crossed at Rs. 65 million, its shares traded at Rs. 130, Windforce 3.5 million shares crossed for Rs. 63.7 million, its shares traded at Rs. 18.20, Sampath Bank 590,000 shares crossed for Rs. 30.2 million, its shares fetched Rs. 51.50 and Sanasa Development Bank 405,000 shares crossed for Rs. 20 million, its shares traded at Rs. 49.50.
The retail tradings top five contributors were, Expolanka Holdings Rs. 4.9 billion, Browns Investments Rs. 1.78 billion, LOLC Holdings Rs. 717 million, Dipped Products Rs. 493 million and Hayleys Rs 458 million. During the day 228 million shares changed hands in 51000 trades.
Sri Lanka’s Central Bank had published an indicative spot rate of 210 to the US dollar on August 31, while adjusting a rate for telegraphic transfers in its website to widen the margin while banks published rates of Rs. 220/226. Sri Lanka does not have a functioning interbank spot market at the moment and banks are negotiating with importers and exporter over the counter leading to large margins in many cases, market participants say. The Central bank on Tuesday published a rate of 198.90/204.89 for telegraphic transfers on its website.
CSE has requested a root cause analysis from system provider Iron One Technologies Ltd., regarding a disruption to the order management system provided to four stockbroker firms during trading yesterday, which resulted in trading difficulties to clients of these firms.
“System providers are an integral element of a technologically-driven, smoothly functioning capital market, especially in the perspective of investor accessibility, the CSE said in a statement.
“The CSE therefore stresses the importance of system providers taking all possible proactive and preventative measures to provide seamless services and access to investors, it said.
Business
Climate compliance pressure mounts on Lankan businesses
Lankan businesses are facing increasing pressure to strengthen climate governance, compliance, and risk management frameworks as climate-related disclosure requirements, investor expectations, and regulatory standards continue to evolve.
Against this backdrop, Genesis – the Dilmah Centre for a Sustainable Future will host a specialised post-summit technical workshop titled “Climate Action: A Strategic Executive Workshop on Climate Resilience and Business Continuity” on June 12, in Colombo.
The programme is designed as a continuation of discussions initiated at the Sri Lanka Climate Summit 2026 and will bring together sustainability managers, compliance officers, ESG professionals, risk specialists, and corporate decision-makers. It aims to translate climate commitments into practical business strategies.
The workshop will focus on implementation rather than advocacy, examining emerging disclosure frameworks, financing mechanisms, and regulatory pathways shaping corporate climate action in Sri Lanka.
Keynote speaker Dr. Lalanath de Silva, an internationally recognised environmental lawyer and governance expert, will address the evolving legal and compliance landscape influencing climate-related business decisions.
Technical sessions will cover IFRS S2 climate-related disclosures, climate risk governance, green finance opportunities, internal carbon pricing, and access to climate financing. Speakers will include climate risk specialist Rohan Cooray, Shiranee Yasaratne of Biodiversity Sri Lanka, and Suganthi Samarasinghe of UNDP Sri Lanka.
Organisers said climate readiness is increasingly becoming a business necessity rather than a sustainability option, with growing scrutiny from global markets and regulators.
Participation is free of charge, but prior registration is required due to limited seating for professionals in sustainability, governance, compliance, and risk management roles.
Business
SPAR Sri Lanka Opens New Outlet in Kurunegala
SPAR Sri Lanka has expanded its retail network with the opening of a new outlet in Kurunegala, marking another milestone in the supermarket chain’s growth across the country.
The new store, strategically located to serve the growing population of the North Western Province, offers a wide range of products, including fresh fruits and vegetables, premium meat products, bakery items, household essentials and both local and international brands.
The outlet also features several specialty sections, including a Coconut Corner, Wellness Corner and a dedicated area catering to pet care products.
Speaking at the opening, SPAR Sri Lanka Chief Executive Officer Kumar de Silva said the new outlet reflects the company’s commitment to delivering a “glocal” shopping experience by combining international retail standards with local customer preferences.
“Our Kurunegala outlet reflects our dedication to providing customers with the best range, superior quality and exceptional service under one roof,” he said.
The store also offers SPAR’s signature fresh food concepts, including in-store bakery products, ready-to-eat meals and freshly prepared juices aimed at meeting the needs of busy consumers.
The company said customers will benefit from a range of promotional offers, loyalty rewards, weekend deals and seasonal discounts.
SPAR Sri Lanka said the expansion would also contribute to local economic development through employment generation and support for local suppliers, further strengthening the country’s retail sector.
Pic and Text by SK Samaranayake
Business
Royal end title drought with dramatic shootout triumph
Royal College, Colombo, emerged unbeaten champions of the All-Island Under-20 Hockey Tournament after defeating defending champions St. Thomas’ College, Matale, in a nail-biting sudden-death penalty shootout at the Rajarata University Grounds in Mihintale last week.
The final ended in a 1-1 draw after Royal equalised five minutes from time to cancel out the Matale side’s earlier lead.
With the penalty shootout also ending in a 4-4 deadlock, the match proceeded to sudden death. The Reid Avenue outfit eventually prevailed in the second round of sudden-death penalties to clinch the title.
A brilliant save by goalkeeper Stefan Anthonipillai, who stretched to his right to deny a crucial attempt, and the decisive conversion by Rumal Jayasinghe helped Royal secure the Under-20 championship for the first time since the tournament’s inception in 2014.
Royal’s centre-forward Savain Karunasiri was one of the team’s standout performers throughout the tournament, scoring crucial goals, including strikes in both the semi-final and the final. Anthonipillai was equally impressive, guarding the goal superbly throughout the seven-match campaign.
Royal finished runners-up when the tournament was held in Matale last year.
The Colombo school produced a series of consistent performances despite having to play on an uneven grass surface that was not ideally suited to the fast-paced modern game.
Royal began their campaign with a 2-0 victory over Christ Church College, Matale, before defeating arch-rivals St. Thomas’ College, Mount Lavinia, 1-0. They then beat Kingswood College, Kandy, 2-0 and Maris Stella College, Negombo, 2-1 to top their group.
In the quarter-final, coach Damith Panditharatne’s side overcame fancied Dharmadutha College, Badulla, by 2-0.
Royal then edged out St. Joseph Vaz College, Wennappuwa, 1-0 in the semi-final, adopting a disciplined defensive approach against the aggressively attacking Puttalam outfit.
In the other semi-final, St. Thomas’ College, Matale defeated Trinity College, Kandy, 3-1. St. Joseph Vaz later beat Trinity 1-0 in the third-place playoff.
Panditharatne’s five-year development programme, with a strong emphasis on fitness, stamina and technical skills, played a key role in Royal’s success. The title marked Royal’s first national Under-20 tournament triumph since winning the National Schools Games in 2017.
A former national player, Air Force striker and Sri Lanka Police coach, Panditharatne has focused on addressing the weaknesses of individual players while building a cohesive unit. The former Christ Church College, Matale player has been coaching Royal since 2022 with the support of the Royal College Hockey Club (RCHC), comprising former Royal hockey players.
For his outstanding performances, Anthonipillai was adjudged the Best Goalkeeper of the Tournament. Royal College was also named the Most Disciplined Team of the Tournament.
-
News6 days agoLankan duo emerge winners in Latin dance championship held in Blackpool, UK
-
Business7 days agoIMF’s unstated rate:Sri Lanka’s $695m loan costs about 5.33% per annum
-
Latest News4 days agoKusal Mendis, Pathum Nissanka, bowlers put Sri Lanka 1-0 up
-
News4 days agoNew US tariffs proposed on 60 countries, including Sri Lanka
-
Business7 days agoSri Lankan scientist-innovator Milinda Edirisinghe introduces AI-integrated gem testing system to gemological world
-
Features3 days agoPower crept into the Sangha and is now tearing it apart
-
News7 days agoUNP challenges NPP move to amend Vihara – Devalagam Act
-
News6 days agoSri Lankan teen killed in Chennai clash; three arrested
