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Art and Architecture exhibitions highlight a thriving arts scene

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Six of the country’s leading arts organisations announce projects and events that celebrate Art, Architecture and Design during the first half of 2022

The year 2022 marks the start of a series of important and unmissable art and architecture events taking place in Colombo involving artists from across the country and internationally. Six of Sri Lanka’s leading arts organizations are coming together to raise awareness and promote their respective projects to the city’s residents and returning tourists. Each of their upcoming projects clearly positions Colombo as a must-see destination for local and international art. The participating galleries and institutions are Colomboscope, the Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka), the Geoffrey Bawa Trust, the John Keells Foundation in partnership with the George Keyt Foundation, Saskia Fernando Gallery and Barefoot Gallery Colombo.

Natasha Ginwala, Artistic Director, Colomboscope, speaking at the event said, “We are celebrating the seventh edition of the interdisciplinary art festival Colomboscope that will be the first event to start off art events in the city from 21 to 30 January 2022. This edition of the festival will bring together over 50 Sri Lankan and international artists, especially fostering South Asian dialogue and encounters with cultural practitioners from the diaspora with exhibitions and events spread over six locations in Colombo. Embarking from the words of poet-artist Cecilia Vicuña: ‘Language is Migrant’ – artistic and literary contributions map hybrid belonging, diasporic lineages, and coerced dislocation. Across six chapters, this edition explores how language relations form our selfhood and affinities that outweigh the bind of nationhood and citizenship. Between the counterpoints of stillness and motion, we situate practices that critically explore emancipatory and forced mobility—for we cannot deny that the world as we know it is composed of movement at galactic, human, and atomic levels. Artists compose, decipher and perform as vital travellers and storytellers of our times. Often, repairing relations by drawing material articulations from deep losses, silence and erasures while inventing language forms as bridges between communal narratives, official records, and submerged histories.”

The second event, will be by The Geoffrey Bawa Trust, and will commence on February 01st, 2022. It is Essential to be There is the first major exhibition that draws from the archives to look at Bawa’s practice. Organised in four thematic sections, exploring relationships between ideas, drawings, buildings and places, the exhibition explores the different ways in which images were used in Bawa’s practice. Over 120 documents from the Bawa archives, most of which have previously never been shown publicly, will be on view, including a section on unbuilt work and Bawa’s own photographs from his travels. Although Bawa’s work has been exhibited at multiple venues in the UK, USA, Australia, India, Brazil, Singapore and Germany, this is the first exhibition on Bawa’s work to be shown in Sri Lanka. The exhibition is curated by the Geoffrey Bawa Trust’s curator Shayari de Silva, and includes new photographs and video works by Sebastian Posingis, Dominic Sansoni and Clara Kraft Isono. The exhibition is on view from 1 February until 3 April, 2022 at The Stables at Park Street Mews in Colombo 02. Open daily from 11 a.m.–7 p.m., it is presented in English, Sinhala and Tamil languages. The exhibition is accompanied by an extensive public programme of talks, tours and workshops as well as a website with additional digital content to enhance accessibility of the works on view. This exhibition received generous financial support from the primary partner Kohler, local partners Nations Trust Private Banking, Crystal Property Group, JAT Holdings and the venue partner, Park Street Mews.

Speaking at the event Sharmini Pereira, Chief Curator, MMCA Sri Lanka, said, “We are delighted to work alongside such a stellar lineup of arts organizations in Sri Lanka to promote art and architecture in the country. We hope this drive creates awareness about the high calibre and diversity of art activities taking place in Sri Lanka. MMCA Sri Lanka will be launching our second exhibition titled ‘Encounters’. The exhibition will run from 11 February to 28 August 2022 and will be presented at our new location inside Crescat Boulevard. ‘Encounters’ brings together 56 artworks as part of an exciting series of changing displays that draw from the art collections of the George Keyt Foundation and John Keells Holdings as the starting point. The exhibition will include work by 18 modern and contemporary artists and will include a 6-month trilingual public programme that is free and open to everyone. ‘Encounters’ is generously supported by the John Keells Foundation, the European Union and the Foundation for Arts Initiatives. Artworks have been kindly loaned to the exhibition from collectors in Sri Lanka and internationally.

John Keells Foundation, the CSR entity of John Keells Group, announced that they together with The George Keyt Foundation are organising the open-air Kala Pola event in August/September 2022. In 2021, due to the COVID-19 pandemic restrictions, Kala Pola went online for the first time on www.srilankanartgallery.com hosted by John Keells Foundation, and following its success and to continue to empower artists during the pandemic, Kala Pola went online once again in the form of a Christmas Edition in December. Kala Pola has evolved as an eagerly anticipated event in the arts and culture calendar of Sri Lanka providing a platform for over 300 visual artists to connect with over 30,000 visitors from around the world each year, as a launchpad for emerging artists and a forum for artists and art professionals to network and learn while promoting public social dialogue through the powerful medium of art.

John Keells Foundation also noted that the Gratiaen Trust – which it partners as primary sponsor – will be organizing the annual Gratiaen Prize event in late June/early July and is also planning a series of events to mark its 30th anniversary this year. The Trust was founded by Sri Lankan-Canadian writer Michael Ondaatje with his Booker prize money for `The English Patient’ and its objective is to promote Sri Lankan creative writing in English and translations of Sinhala and Tamil literature into English. Its flagship event is the Gratiaen Prize which is awarded annually to the best work of creative writing in English submitted by a Sri Lankan resident in the country.

For the first quarter of 2022, in addition to the monthly calendar of exhibitions, Saskia Fernando Gallery (SFG) is pleased to announce the participation of artists Chandraguptha Thenuwara and Saskia Pintelon in the forthcoming Venice Biennale 2022, Italy. The installations by both artists will be a part of the Personal Structures Exhibition presented by the European Cultural Centre Venice. This January, SFG is also kicking off the first projects of the A4A Production Fund, established in 2021 in collaboration with the Udayshanth Fernando Foundation, with the aim of lending support to emerging contemporary Sri Lankan artists. The fund will support three Sri Lankan artists in the creation, exhibition and publication of their selected project. Finally, the #SupportLocalArt Talk Series supported by Nations Trust Bank Private Banking, established in 2021 with the intention of creating a much needed platform for conversation on the developments of the Sri Lankan art industry, will establish an independent youtube channel as an archive of previous talks and in keeping with the objective of the talk platform to engage the entire industry, SFG will be passing the baton to the MMCA for the next round of conversations.

For further information please contact:

MMCA Sri Lanka

Kishani Gunasekera

UBER Minds

kishani@uberminds.lk

0777 369195



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Successful government securities auctions anchor yield curve amid subdued trading

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The secondary market yield curve remained broadly stable during the past week as subdued trading activity persisted around the Treasury Bond auction. Meanwhile, weighted average yields at the weekly Treasury Bill auction recorded declines across all tenors, First Capital Research stated in its latest weekly report.

According to the report, secondary market activity opened on a cautious note with selling interest emerging ahead of the T-Bond auction, causing a slight upward adjustment in yields amid moderate trading volumes. As the week progressed, investor participation remained muted, with market participants largely staying on the sidelines in anticipation of the auction, keeping the yield curve broadly unchanged.

Following the successful completion of the bond auction, the market witnessed mixed sentiment, with selling pressure concentrated at the short end and buying interest emerging in longer-dated maturities. However, activity remained subdued, and the yield curve largely held its ground through the weekend.

At the Treasury Bond auction held on July 13, 2026, the Public Debt Management Office (PDMO) successfully raised the full offered amount of LKR 150.0 billion. This comprised LKR 70.0 billion through the 2030 maturity, LKR 50.0 billion through the 2034 maturity, and LKR 30.0 billion through the 2037 maturity, at weighted average yields of 11.57%, 12.04%, and 12.58%, respectively.

Similarly, at the weekly Treasury Bill auction held on July 15, 2026, the PDMO raised the full offered amount of LKR 120.0 billion. The 3-month, 6-month, and 12-month bills raised LKR 55.0 billion, LKR 35.0 billion, and LKR 30.0 billion, respectively. Weighted average yields declined across all tenors, with the 3-month bill easing by 8 basis points (bps) to 10.13%, the 6-month bill by 3 bps to 10.27%, and the 12-month bill by 1 bp to 10.20%.

On the external front, the Sri Lankan Rupee (LKR) depreciated against the US Dollar, closing the week at LKR 336.3/USD compared to LKR 334.7/USD seen previously. Market liquidity within the banking system expanded significantly, starting the week at LKR 125.89 billion and closing higher at LKR 157.19 billion.

Thus the market data may highlight a clear divergence between short-term liquidity comfort and long-term caution, which points toward a gradual steepening of the yield curve in the near term.

The emergence of buying interest in longer-dated maturities (2034 and 2037) shows that institutional investors are eager to lock in double-digit yields while liquidity is high. This institutional support will likely place a temporary ceiling on long-term rates.

The mild depreciation of the rupee (moving to LKR 336.3/USD) acts as a cautionary counter-signal. If the currency continues to face pressure, it could limit how far short-term yields can fall, flattening the curve back out.

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CSE sees lack of investor participation, market turnover remains thin

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The Colombo Stock Exchange (CSE) witnessed a quiet trading session on Friday, with the benchmark All Share Price Index (ASPI) edging marginally lower down by 42.16 points or 0.20% to close at 21,405.41.

Market turnover remained thin, coming in at Rs. 0.72 billion (approximately US$ 2.2 million), reflecting a general lack of investor participation as most sectors encountered downward pressure.

A total of 31.94 million shares changed hands across 13,397 trades, resulting in a negative market breadth where declining counters outpaced gainers 127 to 91. Blue-chip counters Sampath Bank PLC (SAMP), Lanka IOC PLC (LIOC), and John Keells Holdings PLC (JKH) anchored the day’s market turnover, while a notable off-market crossing was recorded in Chevron Lubricants Lanka PLC (LLUB). Trading volume in SAMP alone was highly concentrated, accounting for 12% of the day’s total turnover.

Sector performance remained mixed, with the Banking sector emerging as the most actively traded, posting a modest gain of 0.18%. The Health Care Equipment & Services sector secured the spot as the day’s best performer, rising by 0.55%.

Conversely, the Household & Personal Products sector faced the steepest decline, dropping 1.95% to finish as the worst-performing sector of the day. In terms of individual movements, Blue Diamonds Jewellery Worldwide PLC [Voting] (PINS.N) led the gainers, advancing by 6.11%, while Agstar PLC (AGPL.N) emerged as the top loser, shedding 9.09%.

By Hiran H. Senewiratne

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Going Green in Kirindiwela: Ceylinco Life begins work on 36th company-owned building

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Ceylinco Life directors at the laying of the foundation stone for the new branch

Ceylinco Life has commenced construction of its 36th company-owned branch building with the laying of the foundation stone for a new eco-friendly edifice in Kirindiwela, reaffirming the life insurance market leader’s continued investment in sustainable infrastructure and enhanced customer service.

The ceremony was attended by Ceylinco Life Chairman Mr R. Renganathan, Managing Director/CEO Mr Thushara Ranasinghe, members of the Board of Directors and senior management of Ceylinco Life, alongside valued customers and distinguished invitees from the Kirindiwela area.

Driven by its commitment to delivering superior service in a welcoming and customer-centric environment, Ceylinco Life has consistently invested in purpose-built branch buildings that serve as flagship locations. The Kirindiwela branch will join a network of 35 such company-owned buildings currently in operation across the country, each designed to offer elevated standards of service and modern facilities.

The new building will be constructed on company-owned land and developed in line with the Company’s green building concept, incorporating environmentally responsible design principles and energy-efficient technologies.

Spanning a floor area of 3,440 square feet, the Kirindiwela branch will utilise locally developed prefabricated construction technology from the National Engineering Research and Development Centre (NERD). The building is planned to operate on a 100 per cent self-sufficient solar electricity system, eliminating reliance on the national grid.

Key sustainability features of the proposed building include natural ventilation design, a topography-friendly layout, a green patch with grass grown in between interlocking blocks, energy-efficient air conditioning and lighting systems, and a rainwater harvesting facility. A dedicated Sewerage Treatment Plant (STP) will recycle wastewater for toilet flushing and gardening, while the company will practice the green concept of ‘Reuse’ in air-conditioning and electronic equipment, further minimising environmental impact.

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