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CSE energized by government’s decision on withholding tax

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By Hiran H. Senewiratne

President Anura Kumara Dissanayake’s statement in parliament on increasing withholding tax on conservative investments, such as fixed deposits and savings, from 5 percent to 10 percent, positively impacted the stock market and attracted more local and foreign investors, market analysts said.

This new withholdings tax increase by the government does not apply to stock market transactions. Amid those developments mixed reactions were noted in both indices yesterday. The All Share Price Index went up by 39.96 points, while S and P SL20 went down by 3.28 points. Turnover stood at Rs 5.8 billion with 12 crossings.

Those crossings were reported in LVL Energy where 68.8 million shares crossed to the tune of Rs 407.2 million; its shares traded at Rs 6, Sunshine Holdings 1 million shares crossed to the tune of Rs 86 million, its shares traded at Rs 86, PickMe 1.19 million shares crossed for Rs 78 million; its shares traded at Rs 5.70, CIC Holdings 802,000 shares crossed for 72.2 million; its shares sold at Rs 90, HNB 200,000 shares crossed for Rs 54.8 million; its shares traded at Rs 274, Commercial Bank 300,000 shares crossed to the tune of Rs 40.8 million; its shares sold at Rs 136, PGP Glass 958,000 shares crossed to the tune of Rs 29.7 million; its shares traded at Rs 31, JKH 1 million shares crossed to the tune of Rs 22.50 million, its shares traded at Rs 22.50, Commercial Bank 200,000 shares crossed for Rs 21.1 million; its shares traded at Rs 105.50, Commercial Credit and Finance 425,000 shares crossed for Rs 20.80 and its shares sold at Rs 49, Vallibel One 400,000 shares crossed for Rs 20.8 million; its shares traded at Rs 52 and Maravila Resorts 3.2 million shares crossed for Rs 20.4 million; its shares fetched Rs 6.40.

In the retail market, companies that mainly contributed to the turnover were; JKH Rs 381 million (16.9 million shares traded), LMF Rs 369 million (89 million shares traded), Kotagala Plantations Rs 218 million (23.3 million shares traded), Lanka IOC Rs 174 million (1.3 million shares traded), LV Energy Rs 107.5 million (26 million shares traded) and Dipped Products Rs 161 million (3.1million shares traded). During the day 365 million share volumes changed hands in 36000 transactions.

It is said that the services sector is leading the market, especially LVL Energy and Pickme. Moreover, the manufacturing sector is also active in the market, especially JKH.

Yesterday the rupee depreciated steeply to Rs 292.70/293.00 to the US dollar in the spot market, from Rs 291.25/50 to the US dollar the previous day, while bond yields were up, dealers said.

Analysts had warned that if excess liquidity was allowed to build up, including from acquisition of dollars, the currency will weaken when they are used for imports as domestic prices are pushed up from higher demand.

If domestic demand and credit is pushed up from liquidity from Central Bank dollar rupee swaps the same consequence will follow as there was no commitment to defend the currency against excess liquidity under a so-called flexible exchange rate.

Flexible exchange rates, coupled with money printed to reach high cost of living targets, have triggered social unrest and also sovereign default in reserve collecting Central Banks.

A bond maturing on 15.09.2027 was quoted at 9.75/80 percent. A bond maturing on 15.02.2028 was quoted at 10.10/15 percent. A bond maturing on 01.05.2028 was quoted stable at 10.20/25 percent. A bond maturing on 15.09.2029 was quoted stable at 10.65/70 percent.



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APHNH aims to make Sri Lanka more competitive for healthcare investment

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Deputy Minister of Health and Mass Media, Dr. Hansaka Wijemuni addresses the audience

Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.

The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.

The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.

A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.

“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “

The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.

By Sanath Nanayakkare

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Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students

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Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.

The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.

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John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations

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Representing JKLL: Lasitha Manchanayake: CEO, Dilum Liyanage: Snr. Manager - Transport Operations, Kavinda Jayasinghe: Manager - Operations and Randi Peiris: Asst. Manager - Commercial. Representing the John Keells Group: Zafir Hashim: President - Transportation, Plantations and IT Sectors and Asha Perera: CFO. Representing CWIT: Munish Kanwar: CEO, Iresh Siriwardena: COO, Devanshu Bhatia: Head of Techno Commercial, Madhuranga Wijesekara: In Charge - GATE Process, Sandun Niroshan: Duty Manager.

John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.

Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.

The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.

The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.

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