Business
Bourse reacts positively to news from debt restructuring front
By Hiran H.Senewiratne
The stock market got off to a slow start yesterday but later indicated a bullish sentiment due to a media report that the debt restructuring process is likely to be completed in November and that the fourth tranche of US $ 330 million from the IMF is likely to be obtained soon.
Further, IMF also hailed the government on their economic policies and investors too were a bit happy with the way the government was currently handling the economy, market analysts said.Amid those developments, both indices moved upwards and the turnover touched more than Rs 4 billion with satisfactory investor participation.
The All Share Price Index went up by 92.48 points, while the S and P SL20 rose up by 30.87 points. Turnover stood at Rs 4.42 billion with eleven crossings.
Those crossings were as follows: HNB which crossed 3.8 million shares to the tune of Rs 832 million and its shares traded at Rs.219, Sampath Bank 1.7 million shares traded at Rs 149.24 million; its shares sold at Rs 86, CIC Holdings 1.8 million shares crossed for Rs 140 million; its shares traded at Rs 78, Hayleys 1, million shares crossed to the tune of Rs 106 million; its shares traded at Rs 106, Hemas 972,000 shares crossed for Rs79 million; its shares sold at Rs 81, Keells Hotels 4.5 million shares crossed to the tune of Rs 77 million; its shares traded at Rs 79, Access Engineering 3 million shares crossed to the tune of Rs 75.1 million; its shares traded at Rs 25.10, Central Finance 500,000 shares crossed for Rs 60 million; its shares sold at Rs 124, PickMe 773,000 shares crossed to the tune of Rs 40.8 million; its shares traded at Rs 52.30, First Capital Holdings 910,000 shares crossed to the tune of Rs 28 million; its shares fetched Rs 30.80 and NDB 250,000 shares crossed to the tune of Rs 20.71; its shares traded at Rs 83.
In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 272 million (1.8 million shares traded), Sampath Bank Rs 184 million (2.1 million shares traded), CIC Holdings Rs 181 million (2.3 million shares traded), Browns Investments Rs181 million (30.2 million shares traded), PickMe Rs 130 million ( 2.4 million shares traded), Access Engineering Rs 125 million (5 million shares traded) and LMF Rs 103 million (3.4 million shares traded). During the day 136 million share volumes changed hands in 20500 transactions.
It said that the banking and financial sector was the largest contributor the turnover, especially HNB, followed by the manufacturing sector, featuring JKH and Hayleys.
Yesterday, the rupee opened at Rs 293.50/55 to the US dollar, marginally stronger from Rs 293.60/70 to the US dollar on Friday, dealers said, while bond yields were steady.
A bond maturing on 15.12.2027 was quoted at 11.50/60 on Monday, flat from 11.50/60 percent Friday.
A bond maturing on 15.03.2028 was quoted 11.70/75 percent, down from 11.75/85 percent.
A bond maturing on 15.06.2029 was quoted at 12.00/05, flat from 12.00/10 percent.
The Central Bank announced that 12,500 million Treasury Bonds will be issued through an auction yesterday.
Business
Indra Traders launches Athwela Programme in partnership with Bank of Ceylon
Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).
The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.
The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.
Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”
Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”
Business
Launch of new Beijing-Colombo air link announced in China
The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.
While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.
The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.
There was no word about the flight frequency and when the service will begin.
Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.
The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.
Business
SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App
SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.
Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.
Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.
The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.
Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.
Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.
Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.
To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.
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