Business
Blue-chip counters keep bourse in vibrant mode
By Hiran H.Senewiratne
Blue-chips, especially banking counters, performed well at the CSE yesterday due to the conclusion of the debt restructuring process and the IMF’s positive response to the new government.
Amid those developments profit- takings were noted due to selling pressure at month’s end but later the stock market recovered due to buying pressure characteristic of the latter part of the day, market analysts said.
At the end of the session both indices moved upwards. The All Share Price Index went up by 163 points while S and P SL20 rose by 60.1 points. Turnover stood at Rs 2.9 billion with six crossings. Those crossings were reported in Access Engineering , which crossed 11.9 million shares to the tune of Rs 255 million; its shares traded at Rs 22,HNB 860,000 shares crossed for Rs 170 million; its shares traded at Rs 200, CIC Holdings 904,000 shares crossed to the tune of Rs 64 million and its shares sold at Rs 71, JKH 290,000 shares crossed for Rs 49.3 million; it shares traded at Rs 170, Hayleys Fabrics 500,000 shares crossed for Rs 25.5 million; it shares traded at Rs 51 and Aitken Spence 175,000 shares crossed to the tune of Rs 21.5 million; its shares fetched Rs 123.
In retail market, companies that mainly contributed to the turnover were; HNB Rs 230 million (1.15 million shares traded), Access Engineering Rs 207 million (9.1 million shares traded), JKH Rs 177 million (1 million shares traded), Aitken Spence Rs 146 million (1.1 million shares traded), Sampath Bank Rs 100 million (1.3 million shares traded), Commercial Bank Rs 88.5 million (192,000 shares traded) and Hayleys Rs 72 million (723,000 shares traded). During the day 126 million share volumes changed hands in 19000 transactions.
It is said that high net worth and institutional investor participation was noted in Access Engineering, HNB and Sampath Bank. Mixed interest was observed in Commercial Bank, Browns Investments and JKH while retail interest was noted in SMB Leasing, Dialog Axiata and Softlogic Capital.
The Banking sector was the top contributor to the market turnover (due to HNB, Sampath Bank and Commercial Bank), while the sector index gained considerably. The share price of HNB increased by Rs. 9.50 to reach Rs. 199.75. The share price of Sampath Bank moved up by 60 cents to reach Rs. 78. The share price of Commercial Bank recorded a loss of 50 cents to dip to Rs. 99.10.
The Real Estate sector was the second highest contributor to the market turnover (Access Engineering) whilst the sector index decreased.
Yesterday the rupee was trading relatively stable at Rs 299.80/300.00 to the US dollar from Rs 299.90/300.10 a day earlier, while bond yields were slightly up, dealers said. A bond maturing on 15.12.2027 was quoted at 11.75/85 percent, up from 11.65/90 percent. A bond maturing on 15.02.2028 was quoted at 12.05/10 percent, down from 12.05/20 percent.
A bond maturing on 15.09.2029 was quoted at 12.30/35 percent.
Business
EU’s new anti-greenwashing rules pose major challenge for Sri Lankan exporters
Countdown to September 2026 begins
Sri Lankan exporters selling into Europe may soon face one of the most significant regulatory shifts in recent years as the European Union prepares to enforce sweeping new rules aimed at eliminating ‘misleading’ environmental and sustainability claims.
The regulation, known as the Empowering Consumers for the Green Transition Directive (EmpCo) – Directive (EU) 2024/825, will become fully enforceable across all EU member states from September 27, 2026. While the directive is primarily designed to protect European consumers from so-called ‘greenwashing,’ and it carries important implications for exporters worldwide, including those in Sri Lanka.
Compliance experts warn that many local businesses remain largely unaware of the new requirements despite their potential impact on market access, brand reputation, and regulatory compliance.
The directive introduces a simple but demanding principle: companies must be able to substantiate environmental and sustainability claims with credible evidence. Generic descriptions such as ‘eco-friendly,’ ‘green,’ ‘sustainable,’ ‘responsible,’ ‘carbon neutral,’ or ‘climate friendly’ may no longer be used freely unless they can be verified through reliable data and supporting documentation.
For Sri Lankan exporters, this represents a significant shift. Sustainability claims increasingly appear on product packaging, websites, social media campaigns, annual reports, tourism marketing materials, and corporate communications. Under the new framework, such claims could face scrutiny from regulators, consumers, retailers, and civil society groups.
The directive also places particular emphasis on future environmental commitments. Claims such as ‘Net Zero by 2040’ or ‘Carbon Neutral by 2030’ may require businesses to demonstrate clear implementation plans, measurable milestones, and systems for monitoring progress rather than relying on aspirational statements alone.
An environmental compliance expert told The Island Financial Review that this transforms sustainability from a communications exercise into a governance issue. “Responsibility will no longer rest solely with sustainability departments. Company directors, senior executives, marketing teams, procurement professionals, and compliance officers will all have roles to play in ensuring that public claims can withstand regulatory scrutiny. The potential costs of non-compliance are considerable. Under the directive, penalties may include fines of up to four percent of annual turnover generated within the relevant EU member state, restrictions on marketing activities, increased regulatory investigations, and challenges from consumer organisations and commercial partners.”
“The reputational consequences may prove even more damaging. In highly competitive export markets, trust has become a critical business asset. Companies found to be making unsubstantiated environmental claims could face long-term damage to relationships with buyers, retailers, and consumers.”
“The timing is particularly important for Sri Lankan businesses because compliance preparations, reporting frameworks and adjustments are needed before the enforcement date arrives.”
“Businesses supplying European markets are therefore being encouraged to begin assessing their exposure now rather than waiting until the last minute. Early preparation could help exporters safeguard market access, maintain buyer confidence, and strengthen their competitive position in an increasingly sustainability-conscious global economy.”
“For Sri Lanka’s export sector, the message from Europe is becoming increasingly clear: sustainability claims will no longer be judged by how compelling they sound, but by how convincingly they can be proven,” he said.
As the countdown to September 2026 begins, exporters may need to ask themselves a critical question: Are their sustainability claims ready for a new era of accountability?
By Sanath Nanayakkare
Business
University of West London opens Sri Lanka’s first full UK university branch campus
The University of West London (UWL) has formally opened the University of West London Sri Lanka Branch Campus, the country’s first full UK university branch campus, marking a landmark development in Sri Lanka’s higher education sector.
The University of West London Sri Lanka Branch Campus is designed to bring a UK university learning experience closer to students in Sri Lanka. The campus is operated by ANC Campus, a pioneer in the higher education sector in Sri Lanka with over two decades of experience in delivering internationally recognised education.
The University of West London Sri Lanka Branch Campus gives students the opportunity to study towards world-class UK degrees while remaining close to home. Academic delivery, assessment and quality assurance will be aligned with University of West London standards, with the University maintaining academic oversight of its courses and awards. Students will have access to UWL-approved programmes, academic support, learning resources and a campus environment designed to promote academic success, confidence and employability.
Business
Xiaomi Store powered by Abans opens at One Galle Face Mall
Xiaomi Sri Lanka, marked a significant day in the brand’s local journey with the launch of the all-new Xiaomi 17T and the grand opening of the new Xiaomi Store powered by Abans at One Galle Face Mall, Lower Ground.
This occasion reflects the brand’s growing presence in the country and its commitment to bringing smarter technology, connected devices and immersive customer experiences closer to Sri Lankan consumers.
Held under the theme “Step into a smarter world with Xiaomi,” the launch event welcomed media, partners, technology enthusiasts and customers to experience Xiaomi’s latest innovation and wider smart ecosystem. The new store at One Galle Face Mall powered by Abans has been designed to give customers a hands-on experience across Xiaomi smartphones, smart home products, lifestyle technology and connected devices, supported by Abans’ strong retail presence and customer service network.
Commenting on the milestone, Kain Wang, Country Head, Xiaomi Sri Lanka, said, “17th June is a significant day for Xiaomi in Sri Lanka as we celebrate two important milestones together: the launch of the Xiaomi 17T and the opening of our new Xiaomi Store powered by Abans at One Galle Face Mall. This reflects the strength of Xiaomi’s journey in Sri Lanka and our continued commitment to offering innovation, performance and smarter lifestyle experiences to local consumers. With Xiaomi 17T, we are bringing advanced Leica imaging, powerful performance and long-lasting battery life to users who want to do more with their smartphones. At the same time, our new store creates a dedicated space for customers to experience the Xiaomi ecosystem in a more personal and engaging way.”
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