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Bank stocks spur following expectations on positive credit profile of the sector

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By Hiran H.Senewiratne

LOLC Holdings has said it divested 9.73 percent of its ordinary voting shares held in DFCC Bank through its sub-subsidiary LOLC Investment Holdings Three (Private) Limited for Rs 3.5 billion.

A total 42.1 million shares were sold at Rs 85.00 each, the company has reported to CSE that LOLC Holdings acquired a 9.99 percent stake in DFCC Bank through its rights issue in 2022.LOLC Holdings stock was trading flat at 448.00. DFCC Bank stock was trading flat at 86.20

Amid those developments the banking sector counters indicated acute buying interest following the Fitch Ratings announcement that they have confidence in the Sri Lankan banking sector. This has created some impetus to the market yesterday.

Consequently both indices moved upwards. All Share Price Index up by 61.4 points while S and P SL20 up by 5.96 points. Turnover stood at Rs 1.9 billion with four crossings. Those crossings were reported in HNB, which crossed 200,000 shares to the tune of Rs 46 million and its share price traded at Rs 230, JKH 1.5 million shares crossed to the tune of Rs 30 million and its share price traded at Rs 20, Pan Asian Bank one million shares crossed to the tune of Rs 27 million and its share price traded at Rs 27 and Sampath Bank 211,000 shares crossed to the tune of Rs 20 million and its share price traded at Rs 35.

In the retail market top six companies that mainly contributed to the turnover were Seylan Bank Rs 207 million (3.6 million shares traded), Pan Asian Bank Rs 121 million (4.5 million shares traded), JKH Rs 87.4 million (4.3 million shares traded), Sampath Bank Rs 80.1 million (847,000 shares traded), Dipped Products Rs 78.2 million (1.9 million shares traded) and Singer (Sri Lanka) Rs 65.3 million (2.7 million shares traded). During the day 86.1 million share volumes changed hands in 16000 transactions.

It is said that the banking sector was the biggest contributor for the turnover and the manufacturing sector is the second largest contributor to the turnover.

Yesterday, the Central Bank announced the US dollar rate. The rupee opened at Rs 290.90/95 to the US dollar from 290.95/291.05 to the US dollar on the previous day, dealers said, while bond yields were stable.

A bond maturing on 15.12.2026 was quoted at 10.10/25 percent, from 10.15/25 percent.A bond maturing on 15.12.2027 was quoted at 10.85/95 percent, up from 10.80/90 percent.A bond maturing on 01.05.2028 was quoted at 11.12/20 percent.



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UN Global Compact Network Sri Lanka mobilizes business to lead with purpose

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As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.

It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.

More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.

Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.

UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.

Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:

“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”

The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.

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A regional conversation on the future of English language teaching

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Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world

The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?

Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.

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The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition

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The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.

Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.

The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.

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