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Commercial Leasing and Finance contributes 154 points to bourse

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By Hiran H.Senewiratne

CSE trading activities kicked off yesterday with a market downturn but later indicated an exceptional interest in Commercial Leasing and Finance stocks. Consequently, the All-Share Price Index shot up to a comfortable territory, stock market analysts said.

The market began the penultimate month of 2021 on a negative note amid lacklustre investor sentiment triggered by political undercurrents and external concerns. But due to the low interest regime people are quite enthusiastic to invest in stocks. However, yesterday, Commercial Leasing and Finance being the main performer in the market, contributed 154 points to the stock market. Its share prices increased by 22 percent or Rs 10.80. Its shares started trading at Rs 48.20 and at the end of the day they shot up to Rs 59. Since the company is an index heavy entity, its stocks are sought after in the stock market for trading purposes, market analysts said.

Amid those developments, the All Share Price Index went up by 139.59 points and the S&P SL20 Index rose by 6.08 points, while turnover was Rs. 4.4 billion involving 117 million shares and the number traded was 34000. During the day three crossings were reported and those crossings were, Melstacorp 6.5 million shares crossed to the tune of Rs 370.5 million, its shares traded at Rs 57, Elpitiya Plantations 500,000 shares crossed to the tune of Rs 52.5 million, its shares traded at 105 and Sunshine Holdings one million shares crossed for Rs 27 million, its shares fetching Rs 27.

In the retail market top five companies that mainly contributed to the turnover were; Expolanka Holdings Rs 1 billion (five million shares traded), Commercial Leasing and Finance Rs 396 million (7.2 million shares traded), Browns Investments Rs 215 million (20 million shares traded), Royal Ceramic Rs 166 million (2.9 million shares traded) and Central Industries Rs 163 million (one million shares traded).

The lacklustre investor interest or their being on the sidelines was despite the release of impressive corporate earnings so far. Nevertheless, macro concerns remain; hence, less enthusiasm yesterday, though some believe there will be a fresh round of buying ahead of the presentation of budget 2022.

It said high net worth and institutional investor participation was noted in selected stocks, such as, Sampath Bank and Commercial Bank. Mixed interest was observed in Expolanka Holdings, Royal Ceramics and Commercial Leasing and Finance.

Yesterday the US dollar was quoted at Rs 202.49 as per the Central Bank controlled price to prevent escalation of prices in essential goods.



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ISRAs of Sri Lanka – Protecting Hidden Shark and Ray Hotspots

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Palk Bay ISRA

When you think of sharks in Sri Lanka, your mind probably goes to the sleek blacktip reef sharks gliding through the reefs of Pigeon Island. But what most people don’t realise is that Sri Lanka is home to over 100 species of sharks and rays—ranging from reef dwellers and open-ocean giants to mysterious deep-sea, with some juvenile bull sharks being found even in freshwater!. They’re scattered across almost every part of the coastline, from coral reefs and estuaries to muddy lagoons and inland waterways. Yet despite their presence, these fascinating creatures remain deeply misunderstood and largely unprotected in national conservation efforts.

Chances are, if you’ve eaten karawala (dried fish) in Sri Lanka, you’ve possibly eaten shark—without even knowing it. Shark meat often ends up in local markets with no species names, and no questions asked. But here’s the catch: unlike fast-growing fish like sardines or mackerel, most sharks and rays grow slowly, mature late, and have very few offspring. Some only give birth once every couple of years. That means that their populations are usually precarious and they are sensitive even to small-scale fishing operations, which push their populations into serious decline. And in Sri Lanka, while vessel sizes are smaller in comparison to many developed countries, the number of vessels combined with their fishing techniques has resulted in the depletion, and in the case of sawfishes, a likely local extinction.

That’s where Important Shark and Ray Areas (ISRAs) come in. ISRAs are a global science-based tool designed to designate places that matter most for sharks, rays, and chimaeras. They aren’t marine protected areas and don’t come with legal restrictions—but they highlight critical habitats based on rigorous scientific criteria. These include areas used for breeding, feeding, migration, or home to rare, threatened, or range-restricted species.

In 2024, after a thorough review and vetting process, five (of the seven) proposed areas from Sri Lanka were formally designated as ISRAs

Bathalangunduwa Island, located on the fringes of the shallow coastal Puttalam Lagoon and off the coast of Wilpattu National Park in northwestern Sri Lanka, qualifies as an ISRA based on the presence of the threatened Winghead Shark (Eusphyra blochii). This area meets two ISRA criteria: it supports a vulnerable species and functions as a reproductive habitat.

Palk Bay, a shallow, semi-enclosed water body shared between India and Sri Lanka, qualifies as an ISRA due to the presence of multiple important species. These include the threatened Shorttail Whipray (Maculabatis bineeshi), the range-restricted Sharpnose Guitarfish (Glaucostegus granulatus), and reproductive populations of the Grey Sharpnose Shark (Rhizoprionodon oligolinx). This was one of the few trans-boundary ISRAs covering both Indian, and Sri Lankan waters.

Pasikudah & Kalkudah, a coastal stretch in Sri Lanka’s Batticaloa District, is known for its coral reefs and nearshore shark activity. This ISRA qualifies due to the presence of threatened and range-restricted species, such as the Stripenose Guitarfish (Acroteriobatus variegatus).

Punnakuda Canyon, a deep-sea canyon located just offshore from Pasikudah & Kalkudah and beyond the boundaries of the coastal ISRA, qualifies based on the presence of threatened and range-restricted deep-sea species, including the Indian Swellshark (Cephaloscyllium silasi).

Pigeon Island, the only ISRA in Sri Lanka that overlaps with a Marine Protected Area—the Pigeon Island Marine National Park—qualifies due to the presence of threatened species and undefined aggregations, notably the Blacktip Reef Shark (Carcharhinus melanopterus).

These areas are already designated ISRAs. In addition to this Sri Lanka also has two “Areas of Interest”; Koddiyar Bay and Hikkaduwa.

While these ISRAs don’t enforce protection on their own, except for Pigeon Island, which happens to overlap with an already established National Park, they’re a vital starting point. They help guide where marine protected areas might be placed, where fishing regulations could be refined, and where development should tread carefully. For Sri Lanka, ISRAs offer a powerful chance to align conservation and fisheries planning before it’s too late.

Most importantly, ISRAs are created using available scientific knowledge. Organisations like Blue Resources Trust (BRT) were able to contribute to the designation of ISRA’s due to long-term monitoring of shark and ray fisheries across the country. BRT has built the largest dataset on Sri Lankan sharks and rays, thanks to contributions from the Tokyo Cement Group, the Save Our Seas Foundation (SOSF), the Marine Conservation and Action Fund (MCAF) of the New England Aquarium, the Hong Kong Ocean Park Conservation Foundation (OPCFHK), the Prince Bernhard Nature Fund, amongst others.

By designating our ISRAs, Sri Lanka now has the recognition to make smarter, science-led decisions for the ocean’s most vulnerable species.

As shark and ray populations decline under pressure from overfishing, habitat loss, and climate change, knowing where they still have a chance to thrive is the first step toward saving them. Through ISRAs, Sri Lanka can take the lead in showing how conservation and coastal livelihoods can go hand in hand.

To explore ISRA maps and learn more, visit: https://sharkrayareas.org

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HNB Sponsors 92nd Battle of the Saints as Official Banking Partner

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HNB Vice President Marketing & Corporate Communications, Upul Adikari, together with HNB, Brand Manager, Ishara Thilakarathne, (centre) presents the Official Banking Partner sponsorship cheque to St. Josephs College Rector Rev. Fr. Ranjith Andradi (second from left) and St. Peters College Rector Rev. Fr. Rohitha Rodrigo (second from right)

HNB PLC, one of Sri Lanka’s leading private banks, has been named the Official Banking Partner for the 92nd edition of the annual “Battle of the Saints” cricket encounter between St. Joseph’s College and St. Peter’s College. The highly anticipated match is scheduled to take place from March 19 to 21, 2026, at the iconic Sinhalese Sports Club (SSC), continuing a celebrated tradition in Sri Lankan school cricket.

HNB’s Managing Director and CEO, Damith Pallewatte, said the bank is proud to support an event that embodies the spirit, discipline, and unity of Sri Lanka’s youth. “School sports play a vital role in shaping confident leaders and resilient communities. Partnering the 92nd edition of this iconic encounter is part of our commitment to nurturing young talent and empowering the next generation of Sri Lankans to achieve their full potential,” he stated.

The 92nd Battle of the Saints promises to be another thrilling chapter in the history of Sri Lanka’s school cricket, with HNB ensuring that its legacy continues by supporting both sporting excellence and the holistic development of young Sri Lankans.

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Britol and GP Certified Drive a Revolutionary Shift with the Introduction of Certified Recycled Plastics in FMCG Packaging

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From Left to Right: Lalith Wijerathne General Manager Antler Industries, Dananjaya Therenakon General Manager Antler Industries, Suranga Gallage CEO Antler group, Ashani Jayasinghe Chairperson/ Managing Director Antler group , Chaminda Rajapakse Managing Director - GP Certified, Yugantha Perera Chief Technical Officer - GP Certified, Treshan Meloney Assistant Marketing Manager - GP Certified

In a revolutionary step towards sustainable manufacturing, reducing plastic pollution and creating local jobs,, Britol and the Antler Group of Companies partnered with GP Certified to integrate certified recycled plastics into large-scale production of their products.

This initiative marks a significant milestone in the plastics and recycling industry. Most brands in Sri Lanka use virgin plastics to produce their plastic packaging – everything from a shampoo to a toilet bowl cleaner is packaged in a bottle made with plastic that is imported, used once and discarded. Marking an impactful departure from business as usual, the Antler Group of Companies now uses safe, ethically produced and cost-effective GP Certified recycled plastics to replace up to 40% of the imported virgin with locally recycled plastics in some of their Britol range of products. .

Speaking on the milestone, Ms Ashani Jayasinghe, the Chairman at Antler Group of Companies stated that “For over 4 decades, sustainability has guided Antler’s journey, shaping how we innovate, manufacture and lead. Through the GP Certified programme, Antler and Island Climate Initiative is setting new standards. A standard that enables manufacturers, partners and communities, to take part in a circular environmentally responsible system.”

Echoing this sentiment, Mr. Chaminda Rajapakse, Managing Director of GP Certified, expressed: “This partnership with Antler represents a critical step in mainstreaming certified recycled plastics within the FMCG sector. This milestone directly supports the rollout of Extended Producer Responsibility (EPR) in Sri Lanka by providing FMCG companies with a credible, local compliance pathway. GP Certified enables brands like Britol to meet EPR obligations through verified recycled content, traceability, and accountable downstream processing, reducing reliance on offsets or non-circular disposal. By linking compliant producers with certified recyclers, GP Certification helps translate EPR from a regulatory requirement into a practical, scalable market mechanism that strengthens domestic recycling and closes the loop.”

This collaboration underscores the shared vision of GP Certified and Antler to drive the circular economy forward, inspiring industries to embrace certified recycled materials as the new norm.

This initiative was supported by the PLEASE project which was funded by the World Bank and implemented by the South Asia Co-operative Environment Program (SACEP).

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