Business
CSE gains over 1.5 per cent within first hour of trading
By Hiran H.Senewiratne
CSE trading activities ended on a positive note yesterday. The market experienced a decline for five consecutive days earlier but it bounced back for reasons that were not immediately ascertainable, stock market analysts said.
The stock market gained over 1.5 per cent within the first hour of trading, recovering some of the losses incurred during the previous five-sessions, as the country, after long delays, brought the 21st Amendment to parliament, while IMF discussions began in Colombo.
A top market analyst said that the CSE moved on the positives of the 21st Amendment being brought to the parliament and a possible IMF deal. However, what’s unfolding in parliament will be crucial for the second-half of market trade, he said.
During the parliament session, Sri Lanka’s main opposition Samagi Jana Balavegaya (SJB) and the JVP-led National People’s Power (NPP) said they will be boycotting parliament sittings for a week as parliament has become a talk shop and a waste of time since it offers no solutions to the people suffering outside.
However, market analysts see this as a crucial point since the passing of the 21st Amendment will be delayed yet again.
Amid those developments both indices moved upwards. The All- Share Price Index went up by 77.7 points and S and P SL20 rose by 43.28 points. Turnover stood at Rs 760.54 million and no crossings were secured during the day.
Top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 209 (1.2 million shares traded), Royal Ceramic Rs 119 million (4.5 million shares traded), Lanka IOC Rs 114 million (1.6 million shares traded), Browns Investments Rs 49.9 million (6.2 million shares traded), LOLC Finance Rs 32.4 million (4.5 million shares traded), Vallibel One Rs 18.3 million (4.5 million shares traded) and Aitken Spence Rs 17 million. During the day 30.85 million share volumes changed hands in 9700 transactions.
Yesterday, the Central Bank announced US dollar buying rate was Rs 357.28 and the selling rate Rs 367.73. A guidance rate for interbank transactions announced by the Central Bank was dropped by one rupee to Rs 361.75 from Rs 360.75, as forex shortages and liquidity injections continued.
Business
HNB Life engages communities through Vesak season activities
As HNB Life enters a new chapter following its transition from HNB Assurance to HNB Life, the company continues to build on a proud 25-year legacy of protecting and empowering Sri Lankans. Marking this milestone through meaningful community engagement, HNB Life celebrated the Vesak season with a series of initiatives centered on gratitude, togetherness, and shared blessings.
The celebrations commenced with a special effort to recognize and promote local entrepreneurs who contribute to the vibrant Vesak season each year. By shining a spotlight on small business owners operating Vesak-related stalls and ventures, HNB Life sought to support their livelihoods while encouraging the entrepreneurial spirit that strengthens communities across the country.
The company further extended its involvement through a series of activities at Lankaramaya in Anuradhapura, including the painting of the sacred stupa and participation in several Vesak-related community events, bringing together employees, partners, and well-wishers.
As HNB Life begins this new era, the Vesak season served as a meaningful reminder of the relationships and trust that have shaped the company’s journey over the past 25 years. The transition from HNB Assurance to HNB Life represents more than a change in name, it reflects the company’s continued evolution and renewed commitment to helping individuals and families protect what matters most while achieving long-term financial wellbeing.
The Vesak initiatives were carried out with the intention of sharing positivity and seeking blessings for customers, employees, business partners, and communities across Sri Lanka. They also serve as a precursor to a series of Poson-related activities planned for the coming weeks, further reinforcing the company’s commitment to engaging with communities and celebrating the values that bring people together.
Business
Hayleys Mobility expands presence in Anuradhapura
Hayleys Mobility has expanded its footprint in Anuradhapura with the opening of a new authorised sales partner showroom, in partnership with CarSwitch (Pvt) Ltd., further expanding access to its growing portfolio of globally recognised automotive brands, including JAECOO & OMODA, KAIYI, and SRM, now even closer to customers in the region.
As part of its ongoing network expansion, the new showroom enhances Hayleys Mobility’s reach in the North Central Province, providing customers with convenient access to vehicle sales, professional consultation, and dedicated after-sales support under one roof.
The appointment of CarSwitch (Pvt) Ltd. as an authorised sales partner reflects the company’s continued drive to strengthen its market presence through reliable local partnerships, while bringing globally benchmarked mobility solutions closer to customers across Sri Lanka.
The opening of the showroom reinforces Hayleys Mobility’s long-term growth strategy, supporting greater accessibility, stronger regional engagement, and the continued development of Sri Lanka’s automotive industry.
Customers can visit CarSwitch (Pvt) Ltd. at Jayanthi Mawatha, New Town, Anuradhapura, to experience Hayleys Mobility’s portfolio of globally recognised automotive brands. For more information on Hayleys Mobility’s authorised sales partner network and vehicle offerings, call 0112 222 223 or visit the official website www.hayleysmobility.com.
Business
Global GIS and University of Ruhuna enter into MoU for joint R&D, product commercialization, consulting
Global GIS (Pvt) Ltd, the pioneer in geospatial positioning solutions in Sri Lanka, recently entered a Memorandum of Understanding with the University of Ruhuna to collaborate with the Department of Civil and Environmental Engineering and the Department of Electrical and Information Engineering of the Faculty of Engineering. Snr. Prof. P. A. Jayantha – Vice-Chancellor of University of Ruhuna, Dr. Lahiru Prabodha- Director, Knowledge and Technology Transfer Unit, Dr. K. M. S. Y. Konara – Snr. Lecturer, Faculty of Engineering, Mrs C. Seneviratne – Registrar, and officials of all other faculties represented the University of Ruhuna in the signing ceremony, and Nishshanka De Silva – Registered Licensed Surveyor, CEO-Managing Director, and Jeewan Suranga – Registered Licensed Surveyor, CTO-Director represented Global GIS (Pvt) Ltd.
The areas identified for collaboration include conducting research & development activities, developing and commercializing new inventions and solutions, industry projects & consulting opportunities, and disseminating scientific knowledge to meet the growing demand of surveying & geospatial technologies and to increase efficiency and sustainability in the Nation’s engineering industries and its thematic requirements.
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