Business
Browns Investments contributes more than 60 per cent to CSE turnover which hits Rs. 5.84 billion
By Hiran H.Senewiratne
Yesterday, CSE activities were positive and a few stocks, including Tokyo Cement, Royal Ceramic, Swisstek and Browns Investments witnessed considerable gains. Browns Investments contributed more than 60 percent to the turnover with its crossing and retail trading activities, stock market analysts said. CSE turnover stood at Rs. 5.84 billion.
It is said that Tokyo Cement’s voting and non voting shares appreciated. Its voting shares moved up to Rs. 77.90 from Rs. 75.30, which was a Rs. 2.60 or 3,5 percent appreciation. Melstacorp shares moved up to Rs. 53.10 from Rs. 51.10. It was a Rs2 or four percent increase, Royal Ceramic shares moved up to Rs. 174 from Rs. 165.60, which was a Rs. 8.40 or five percent increase and Swisstek shares moved up to Rs. 101.50 from Rs. 91.60, which was a Rs. 9.90 or 11 percent increase.
Amid those developments both indices moved upwards. All Share Price Index was up by 12.21 points and S and P SL20 up by 4.42 points. A single crossing was reported in Browns Investments, which crossed 740 million shares to the tune of Rs. 2.90 billion and its shares traded at Rs. 4.
In the retail market, top five companies that mainly contributed to the turnover were; Browns Investments Rs. 541 million (137 million shares traded), Expolanka Rs. 376 million (13.4 million shares traded), Tokyo Cement (Non Voting) Rs. 287 million (4.2 million shares traded), Tokyo Cement (Voting) Rs. 191 million (2.5 million shares traded) and JKH Rs. 182 million (1.2 million shares traded). During the day 939 million share volumes changed hands in 21811 transactions.
Sri Lanka rupee was quoted weaker at 189.50/190.50 to the US dollar on Tuesday in the spot-next market while gilt yields remained unchanged in dull market trade, dealers said. The rupee was quoted at 188.80/10 to the US dollar on Monday against the US dollar.
Business
SLT-MOBITEL empowers over 1,000 students across Sri Lanka with World Children’s Day educational initiatives
SLT-MOBITEL reaffirmed its commitment to advancing inclusive education and empowering the next generation through a series of initiatives to mark World Children’s Day. Benefiting over 1,000 students at Gamini Primary College in Kalawana and Sidhartha Vidyalaya in Walikadamulla, Wattala, the initiatives combine technology-enabled learning with essential educational support, expanding opportunities for children to learn, grow and reach their full potential.
Strengthening access to digital education in rural Sri Lanka, SLT-MOBITEL gifted a state-of-the-art Smart Classroom facility to Gamini Primary College in Kalawana. Equipped with a high-speed SLT-MOBITEL fibre connection and an advanced interactive Smart Board, the facility introduces modern digital learning capabilities into the classroom, creating an enriched and interactive learning environment.The facility benefits over 900 students and their teachers by providing access to digital learning platforms, interactive educational content and a wealth of online educational resources.
SLT-MOBITEL donated essential school supplies to 150 students at Sidhartha Vidyalaya in Walikadamulla, Wattala. Bringing together students from diverse communities in a shared learning environment, the school provides an important foundation for inclusive education. The donation aims to support students’ day-to-day learning needs, enhance their educational experiences and encourage them to pursue their academic aspirations.
Business
Lakarcade joins UN Global Compact Network Sri Lanka
Lakarcade (Pvt) Ltd, a Sri Lankan novelty gift and souvenir retailer, has been accepted as a participant of the UN Global Compact Network Sri Lanka, reaffirming its commitment to sustainable and responsible business practices.
Through its participation in the United Nations’ global corporate sustainability initiative, Lakarcade has committed to aligning its operations and strategies with the UN Global Compact’s Ten Principles covering human rights, labour, the environment and anti-corruption.
The company connects Sri Lankan cultural heritage and craftsmanship with international visitors and global markets, while supporting independent artisans, traditional craftsmen and community-based creators across the country.
Lakarcade said its participation in the network would help strengthen these initiatives by integrating structured sustainability practices and ethical standards more deeply into its operations and supply chains.
Commenting on the development, CEO and Managing Director Anil Koswatte said joining the UN Global Compact Network Sri Lanka marked an important milestone for the company and reinforced its commitment to responsible business practices.
He said the company would continue to promote Sri Lanka’s cultural heritage, support local artisan communities and embed sustainable practices across its showrooms and supply chains.
The United Nations Global Compact and its local networks encourage businesses worldwide to align their strategies and operations with universal principles and take action to advance societal goals and the Sustainable Development Goals (SDGs).
As a participant of the UN Global Compact Network Sri Lanka, Lakarcade expects to collaborate with local industry peers to promote transparent and responsible corporate growth.
Further information about Lakarcade and its sustainability initiatives is available at www.lakarcade.lk and at its flagship showroom and other outlets in Colombo.
Business
Otherland Hotels debuts in Sri Lanka with the launch of Otherland Galle
Otherland Hotels has officially entered Sri Lanka’s hospitality landscape with the debut of its flagship property, Otherland Galle, which opened its doors on October 12, 2026. Founded by Rishi Sreedharan, Samarth Gowda, and Emanuel Siddhartha in partnership with the Beryll Group, the independent lifestyle brand introduces a fresh hospitality paradigm anchored in “FreeState Luxury”—a concept centered on accessibility, self-expression, and community-driven design over conventional luxury.
Situated on Matara Road—just 400 meters from Dewata Beach and 2.8 kilometers from the UNESCO World Heritage Site of Galle Fort—the 66-key hotel blends regional surf culture and coastal aesthetics. Designed by Studio Camarada, the property’s fluid interiors feature natural textures, rattan, and coastal tones across a diverse mix of 24 Ocean Rooms, 25 Terra Rooms, 12 suites, 5 shared dormitories, and accessible units, catering to everything from solo travelers to large groups.
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