Business
Akbar Brothers’ major share transaction keeps CSE in state of vibrancy
Alumex PLC in a stock exchange filing yesterday said that a shareholder, Akbar Brothers Ltd., disposed of 80,169,400 shares or 13.39% of the issued shares of the company in the share market. The sales took place on September 2 in several tranches, with share prices ranging from Rs. 18 to Rs. 20.10.The value of shares sold totalled Rs. 1.4 billion.
Amid those developments the CSE bounced back with few profit- takings on the floor yesterday. Both indices moved upwards. The All Share Price Index went up by 16.25 points while S and P SL20 rose by 0.59 points. Turnover stood at Rs 5.6 billion with eight crossings.
Those crossings were reported in E B Creasy where 5.1 million shares crossed to the tune of Rs 351.3 million; its shares traded at Rs 59, Colombo Land Developments 1.5 million shares crossed to the tune of Rs 51.5 million; its shares traded at Rs 41, RIL Properties 1.75 million shares crossed for Rs 54.6 million; its shares traded at Rs 31.50, Hemas Holdings one million shares crossed to the tune 30.6 million; its shares sold at Rs 30.60.
Sunshine Holdings one million shares crossed to the tune tune of Rs 30.5 million; its shares traded at Rs 30.50, Laugfs Gas (Non- Voting) one million shares crossed to the tune of Rs 23.5 million; its shares traded at Rs 23.50, Browns Investments 2.75 million shares crossed for Rs 20.8 million; its shares traded at Rs 7.40 and HNB 51000 shares crossed for Rs 21 million, its shares sold at Rs 395.
In the retail market top seven companies that mainly contributed to the turnover were; RIL Properties Rs 354 million (16.9 million shares traded), Hikkaduwa Beach Resorts Rs 339 million (95.9 million shares traded), My Lands Rs 265 million (30,6 million shares traded), Prime Lands Rs 264 million (9.1 million shares traded), Pan Asian Rs 251 million (10.5 million shares traded), Aitken Spence Rs 122 million (1.1 million shares traded), and LB Energy Fund Rs 120 million (9.9 million shares traded). During the day 300 million share volumes changed hands in 27000 transactions.
It is said that the real estate and manufacturing sectors were active in the market. E B Creasy, RIL Properties and Colombo Land Developments indicated notable performances in the last few days
Yesterday the rupee opened at Rs 302.00/05 to the US dollar in the spot market, stronger from Rs 302.08/13 the previous day, while bond yields were down, dealers said.
A bond maturing on 15.12.2026 was quoted flat at 8.20/30 percent. A bond maturing on 01.05.2027 was quoted at 8.55/63 percent. A bond maturing on 15.12.2028 was quoted at 9.00/10 percent. A bond maturing on 15.12.2029 was quoted at 9.50/54 percent, down from 9.52/54 percent. A bond maturing on 15.12.2032 was quoted flat at 10.35/45 percent.
The telegraphic transfer rates for the American dollar was 298.5000 buying, 305.5000 selling; the British pound was 400.0337 buying, and 411.3755 selling and the euro was 345.7901 buying, 356.9953 selling.
By Hiran H.Senewiratne ✍️
Business
Mattala Wildlife Unit to boost revenue, tourism and investor confidence
The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.
Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.
“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.
He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.
By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.
Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.
“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.
Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.
Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.
“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.
He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.
The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.
“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.
By Ifham Nizam
Business
Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry
Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.
The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students
Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.
All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.
Business
Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026
COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.
The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.
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