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Positive momentum at CSE despite unrest in Galle Face area

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By Hiran H.Senewiratne

CSE trading started on a positive note and the momentum continued until the end of the day with the index weighted companies showing considerable gains in the market despite yesterday’s unruly situation in the Galle Face area, stock market analysts said.

Several leading index-weighted entities, including LOLC Holdings, Expolanka Holdings, Browns Investments and several other companies registered significant gains yesterday. Amid those developments both indices moved upwards. The All- Share Price Index went up by 89.1 points and S and P SL20 rose by 35.5 points. Turnover stood at Rs 981 million without any crossings.

In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 367 million (2.2 million shares traded), Browns Investments Rs 101 million (17 million shares traded), Commercial Bank Rs 98.8 million (1.9 million shares traded), LOLC Finance Rs 54 million (8.5 million shares traded), Royal Ceramic Rs 39.5 million (1.3 million shares traded), Lanka IOC Rs 38.7 million (1.1 million shares traded) and LOLC Holdings Rs 33.3 million (730,000 shares traded). During the day 47.7 million share volumes changed hands in 11,000 transactions.

Sri Lanka’s commercial banks quoted Rs 375 to the dollar for telegraphic transactions yesterday, while only a handful of maturities were quoted in the secondary, participants said.

The Central Bank’s indicative spot was quoted at Rs 364.76 against the US dollar, down from Rs 358.5 against the US dollar on Friday.

The Central Bank was quoting the dollar TT rate on Monday at Rs 361.7/374.9 against the US dollar, almost close to the commercial bank rates. The kerb market ended the week at around Rs 397/400 to the US dollar on May 07.



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Janashakthi Finance relocates Nugegoda branch

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The new premises offer improved accessibility and enhanced facilities

Janashakthi Finance PLC, a member of JXG (Janashakthi Group), has relocated its Nugegoda Branch to a more accessible and customer-friendly location at No. 136/5, S. De S. Jayasinghe Mawatha, Nugegoda, further strengthening its commitment to convenience and service excellence.

Situated in the heart of one of Colombo’s busiest urban centres, the new premises offer improved accessibility and enhanced facilities, enabling customers to engage with the Company’s services in a more comfortable and efficient environment.

The branch continues to provide a comprehensive range of financial solutions, including deposits, savings accounts, leasing, gold loans, alternative finance solutions, corporate and SME financing and other tailored financial services designed to meet both individual and business needs.

Speaking at the opening, Sithambaram Sri Ganendran, Chief Executive Officer of Janashakthi Finance PLC said, “Customer convenience and accessibility remain central to our branch strategy. Nugegoda is a vibrant and densely populated commercial hub, and this relocation allows us to enhance service delivery while providing an improved experience for our valued customers. We remain committed to supporting the financial aspirations of individuals and businesses within the community”.

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Nüwa at City of Dreams celebrates 5-star recognition

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The event reflected the country’s growing prominence on the global luxury travel map

Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its prestigious 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region.

Held at the elegant Crystal Lounge at Nüwa, the exclusive evening brought together key figures from Sri Lanka’s tourism and hospitality sectors, media representatives, and senior leadership from City of Dreams Sri Lanka to celebrate a moment that reflects the country’s growing prominence on the global luxury travel map.

The event was graced by Professor Ruwan Ranasinghe, Deputy Minister of Tourism, and Buddhika Hewawasam, Chairman of the Sri Lanka Tourism Development Authority (SLTDA), whose presence underscored the significance of Nüwa’s achievement for the national tourism industry.

The evening commenced with a press conference moderated by Chamika Karunaratne, Head of Marketing at City of Dreams Sri Lanka, and featured leadership insights on Sri Lanka’s evolving luxury hospitality landscape and the role of integrated resorts in positioning Colombo as a world-class destination. Senior leadership from City of Dreams Sri Lanka, including Michael Habashi (General Manager – Property) and Thakshila Galappaththy (Hotel Manager), shared perspectives on Nüwa’s journey and its vision for setting new standards in personalised luxury.

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HNB introduces tailored financing for 447 Luna Tower apartments

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HNB, Chief Operating Officer /Senior Executive Vice President, Sanjay Wijemanne and Managing Director - Belluna Lanka, and Director - Union Place Apartments (Pvt) Ltd, Reyhan Morris share the MoU, alongside the representatives from both organizations

HNB PLC, the leading private bank in Sri Lanka, has entered a significant new chapter in its legacy of enabling homeownership through a strategic partnership for 447 Luna Tower with Union Place Apartments (Pvt) Ltd., a Belluna Lanka company. The partnership was formalized with the signing of a MoU on 12 February 2025, establishing exclusive home financing solutions for prospective buyers of 447 Luna Tower, a completed residential development. Located in Colombo 02, 447 Luna Tower brings together well-planned design, a timeless central address, and immediate occupancy readiness.

As a key residential development by Belluna Lanka, 447 Luna Tower combines international investor confidence with local expertise, fully funded and backed by Belluna. All residences are complete and ready for immediate occupancy, with a limited release of residencies now available. This presents homeowners a rare opportunity to acquire premium property in one of the city’s most desirable locations.

HNB, Chief Operating Officer, Sanjay Wijemanne, said, “At HNB, we are committed to promoting a higher quality of life through meaningful homeownership. Our partnership with Union Place Apartments, for 447 Luna Tower enables families to access residences that reflect what today’s buyers increasingly value in quality, functionality, long-term living and our tailored financing solutions ensure that this standard of living is within reach for aspiring homeowners.”

With flexible loan structures, transparent processes, and dedicated customer support, the bank strengthens its position as a pioneering force in Sri Lanka’s private banking sector while enabling access to high-value, landmark residential properties.

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