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CSE bullish on Chinese loan news

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By Hiran H.Senewiratne 

CSE trading activities were somewhat bullish throughout  yesterday following the positive news on the Chinese government-backed twitter page ‘BRISL’,on the much awaited  Chinese loan of US $ 500 million and currency swap of around another US $ 600 million, stock market analysts said.

The market went through a dip last week  and as a result a   group of long-term equity investors  expressed optimism of an improved outlook for the CSE  as well as the economy following a meeting with State Minister of Money, Capital Markets and Public Enterprises Reform Nivard Cabraal on Saturday. 

It is said that the stock market has lost Rs. 705 billion in value since the end of January. The All Share Price Index had declined by 1,614 points or 18.6 percent  and the S&PSL20 had dipped by 723 points or 20.5 percent between February 1 and March 5. 

In January, the Colombo Bourse rose to dizzy heights with market capitalisation swelling by Rs. 829 billion on the back of ASPI gaining by 28 percent  and the S&PSL20 shooting up by 33 percent. Year to date the ASPI is up 4 percent  and S&PSL20 up 5.8 percent. 

Amid those developments both indices moved upwards.  All Share Price Index was up yesterday by 285.2 points and S and S and P SL20 went up by 131/29 points. The turnover stood at Rs. 2.7  billion with a single crossing. The crossing was reported in Seylan Bank (Non Voting) which crossed 500,000 shares to the tune of Rs. 22 million, its shares traded at Rs. 44.

In the retail market top five contributors to the turnover were, Expolanka Rs. 395.9 million (8.45 million shares traded), Dipped Products Rs. 315.7 million (6.62 million shares traded), LOLC Holdings Rs. 264.6 million (815,000 shares traded), Browns Investments Rs. 201.2 million (36.7 million shares traded) and JKH Rs. 189. 5 million (1.26 million shares traded). During the day 93.7 million share volumes changed hands in 23640 transactions.   

 Sri Lanka’s rupee was quoted steady at 196.75/197.00 levels to the US dollar in the one-week forwards market on Monday while bond yields remained unchanged, dealers said. The rupee last closed in the one- week forward market at 196.60/197.00 to the dollar on Friday.

In the secondary market bond yields remained unchanged while the overall market witnessed dull activity, dealers said.

 

 



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From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

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FLIR, Marlbo promote smarter industrial maintenance

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Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

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