Business
Corporates’ positive quarterly results temporarily boost bourse
By Hiran H.Senewiratne
The CSE yesterday commenced trading on a positive note in the early sessions as most listed companies are showing satisfactory quarterly results. However, this momentum could not be sustained for long due to the current political uncertainty stemming from the upcoming presidential elections, market analysts said.
The fact is that most investors are worried that a replacement of the present administration would create policy uncertainties, these analysts added. Amid those developments, both indices moved upwards. The All Share Price Index went up by 16.1 points while S and P SL20 rose by 9.37 points.
Turnover stood at Rs 337 million with one crossing. The crossing was reported in Kelani Tyre, which crossed 458,000 shares to the tune of Rs 34.37 million; its shares traded at Rs 75.
In the retail market top seven companies that mainly contributed to the turnover were; Access Engineering Rs 31.2 million (1.4 million shares traded), Ceylinco Insurance Rs 27.2 million (10000 shares traded), Commercial Bank Rs 17 million (188,000 shares traded), JKH Rs 13.1 million (73000 shares traded), Sunshine Holdings Rs 12.8 million (213,000 shares traded), Singer (Sri Lanka) Rs. 12.5 million (801,000 shares traded) and Sampath Bank Rs 12.4 million (164,000 shares traded). During the day 14.97 million share volumes changed hands in 5789 transactions.
Meinwhile, CSE has approved in principle the listing of a maximum of 120 million Basel III compliant –Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable five-year (2024/2029), seven-year(2024/2031), and 10-year (2024/34) debentures, with a non-viability conversion (“debentures”), at the par value of Rs. 100 each by HNB.
HNB will issue 80 million said debentures with an option to issue a further 40 million with an even further option to issue another 20 million debentures in the event of an oversubscription of the initial issue to raise up to a maximum of 12 billion.
Yesterday, the rupee opened stronger at Rs 299.85/300.00 to the US dollar, dealers said. Bond yields were steady, they said, and stocks opened up 0.11 percent.
The rupee closed at Rs 300.00/20 to the greenback on Friday.
In the secondary market, Treasury bond yields were up, dealers said.
A bond maturing on 15.12.2026 was quoted at 11.00/10 percent, from 11.05/10 percent.
A bond maturing on 15.12.2027 was quoted stable at 12.10/20 percent.
A bond maturing on 15.02.2028 was quoted at 12.20/40 percent.
A bond maturing on 15.12.2029 was quoted stable at 12.60/70 percent.
Business
Sri Lanka secures 10% US tariff rate: JAAF thanks the President and government for decisive action
Today’s announcement by USTR of the finality of the Section 301 investigations into countries’ ability to impose and effectively enforce a prohibition on the importation of goods produced with forced labour sees 18 countries placed on a 10% tariff, with the balance of 42 countries facing a 12.5% tariff.
Initial indications were that Sri Lanka would fall into the 12.5% category, a position that would have placed the country at a real disadvantage against a number of key competitor nations.
Following Sri Lanka’s submissions to the USTR earlier this month, JAAF is pleased to see that Sri Lanka is now among the countries placed on the 10% tariff rate, on par with competitors including Bangladesh, Pakistan, India, and Cambodia.
Sri Lanka’s apparel industry competes in a crowded field, and even a 2.5 percentage point difference in tariff treatment can be the difference between winning and losing an order to a rival sourcing destination. Securing parity with Bangladesh, Pakistan, India, and Cambodia protects the competitiveness of an industry that remains the country’s largest export earner and a major source of employment, particularly for women, across the country.
JAAF recognises that this result did not happen by chance. It reflects sustained, coordinated engagement between industry and government at every level, from the submissions made to USTR to the direct representations carried out in Washington. We view this as a strong example of what can be achieved when the private sector and government work in close partnership on issues that directly affect Sri Lanka’s export competitiveness.
We remain committed to continuing this collaboration, both to safeguard the gains secured on Thursday and to ensure Sri Lanka’s apparel and textile industry is well positioned to compete on a level playing field internationally.
Business
CAHM students shine at National Bartenders Competition and Dainties 2026
Students of the Colombo Academy of Hospitality Management (CAHM) at SLIIT once again demonstrated their talent, creativity, and professional excellence by securing outstanding achievements at two prestigious national hospitality competitions held recently in Sri Lanka.
The Colombo Academy of Hospitality Management (CAHM) is Sri Lanka’s leading private hospitality education institute, established in 2013 and located at the SLIIT Main Campus in Malabe. Renowned for delivering internationally recognised qualifications in partnership with the William Angliss Institute (RTO 3045), Australia—the Australian Government’s specialist hospitality education institute and the country’s leading provider of hospitality, tourism, foods and events education—CAHM offers Australian-standard vocational qualifications that combine international best practices with hands-on practical training and strong industry relevance, enabling graduates to pursue rewarding careers around the world.
At the 31st National Bartenders Competition (NBC), organized by the Sri Lanka Hospitality Graduates Association (SLHGA) in partnership with International Distillers Limited (IDL), CAHM student Anurasi Chandrasoma (Commercial Cookery Batch 22) emerged as the Winner in the highly competitive Hotel School Category. The competition, held on 26 May 2026 at the Sri Lanka Institute of Tourism and Hospitality Management (SLITHM), Colombo, attracted more than 75 participants from hospitality education institutions across the country.
Representing CAHM alongside the winner were Dishala Gunawardhana (Hospitality Management Batch 37), Sunera Sathindu (Commercial Cookery Batch 21), and Devindu Amarasekara (Patisserie Batch 11), all of whom showcased exceptional bartending skills and professionalism. The achievement marks another significant milestone for CAHM, reinforcing its reputation as one of Sri Lanka’s leading hospitality education institutions.
Business
Asia-Pacific business leaders to convene in Sri Lanka for UN Global Compact’s flagship regional event
Asia-Pacific stands at the forefront of one of the defining transitions of our time. Home to many of the world’s fastest-growing economies, the region is also confronting some of the world’s most pressing sustainability challenges—from climate change and biodiversity loss to widening inequalities, geopolitical uncertainty and rapid technological transformation. As these challenges reshape the global business landscape, businesses are increasingly being called upon not only to respond, but to lead.
Against this backdrop, Sri Lanka will host Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth, the United Nations Global Compact’s flagship regional event for Asia-Pacific. Bringing together more than 200 business leaders, sustainability practitioners, policymakers, representatives from the United Nations and UN Global Compact Country Networks from across the region, the two-day event will provide a platform to strengthen partnerships, exchange practical solutions and mobilize business leadership in support of the Ten Principles of the United Nations Global Compact and the Sustainable Development Goals (SDGs).
Led by the UN Global Compact Asia-Pacific Regional Hub and hosted in collaboration with UN Global Compact Network Sri Lanka, the regional event reflects a shared commitment to advancing responsible business and strengthening regional collaboration at a time when sustainable development depends on collective leadership and cross-sector cooperation.
The event will welcome Sanda Ojiambo, Assistant Secretary-General, CEO & Executive Director of the United Nations Global Compact, whose presence spotlights the strategic importance of the Asia-Pacific region within the United Nations Global Compact. Her first official visit to Sri Lanka signals the growing role of the region in driving responsible business and sustainable development, while offering participating companies a unique opportunity to engage with global leadership, showcase their sustainability journeys, and help shape the next chapter of collective action towards the Sustainable Development Goals.
Alongside Sanda Ojiambo, the Forum will also convene more than 60 global and regional leaders from business, the United Nations and civil society, including Dilhan C. Fernando, Chairman of Dilmah Ceylon Tea Company and Chairman of UN Global Compact Network Sri Lanka, and Sandra Wu, ESG Executive Adviser at Mirait One Corporation, fostering dialogue and collaboration to accelerate business leadership for sustainable and inclusive growth across Asia-Pacific.
Forward Faster Now | APAC 2026 also marks an important milestone in advancing the United Nations Global Compact’s 2026–2030 Strategy, which places renewed emphasis on equipping businesses with the knowledge, tools and partnerships needed to accelerate sustainable business transformation, catalyzing collaboration to address shared global challenges, and advancing responsible business leadership as a cornerstone of sustainable development. As one of the first flagship regional events aligned with this strategic direction, the event will help translate global ambition into regional action by connecting leaders, sharing practical experience and fostering the partnerships needed to create lasting impact.
Register Your Interest
Forward Faster Now | APAC 2026 will take place in Colombo, Sri Lanka, on 11–12 August 2026.
To register your interest or learn more about the event, please contact:
Chamath Kalupahana
Country Focal Point – Forward Faster Now | APAC 2026
Manager – Participant Engagement & Strategic Planning
UN Global Compact Network Sri Lanka
Email: chamath@unglobalcompact.org.lk
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