Business
CSE market capitalization hits Rs. 3 trillion
By Hiran H.Senewiratne
CSE market capitalization crossed the Rs.3 trillion mark on January 4. Accordi-ngly, market capitalization at the end of the relevant trading session was Rs. 3,013,426,581,096.
Ceylon Tobacco Company (CTC) is the largest listed company in the CSE in terms of market capitalization with Rs.211 billion. Second is John Keells Holdings with a market capitalization of Rs.197 billion and third Dialog Axiata with a market capitalization of Rs.102 billion.
Market capitalization, or “market cap” is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share. Market cap is used to size up corporations and understand their aggregate market value.
Certain of the CBSL’s market friendly policy plans which were revealed by the Governor Prof. W.D Lakshman are seen as providing an impetus to the stock market.
Yesterday at the CSE, crossings were reported in Kelani Cables, which crossed 600,000 shares to the tune of Rs. 71.1 million, its shares trading at Rs. 118.50, Alumex three million shares crossed for Rs. 68.5 million and its shares traded at Rs. 22.50, TJLanka 977,000 shares crossed for Rs. 38.1 million, its shares fetching Rs. 39, Amana Takaful 2.6 million shares crossed for Rs. 29.5 million its shares traded at Rs. 11, JKH 149,000 shares crossed for Rs. 22.4 million with its shares trading at Rs. 150. Meanwhile, Vallibel One 750,000 shares crossed for Rs. 21.3 million, its shares traded at Rs. 28.50, Hayleys Fabrics 700,000 shares crossed for Rs. 20.2 million, its shares traded at Rs. 25.90 and Softlogic Capital five million shares crossed for Rs. 20 million, registering a share price of Rs. 4.
In the retail market top five companies that mainly contributed to the turnover were, Browns Investments Rs. 1.26 billion (249.7 million shares traded), Expolanka Rs. 634.4 million (19.7 million shares traded), ACL Cables Rs. 372 million (4.2 million shares traded), Alumex Rs. 240 million (10.3 million shares traded) and Vallibel One Rs. 193.9 million (6.6 million shares traded). All Share Price Index was up by 83.88 points and S and P SL20 up by 21.20. During the day 434.6 million share volumes changed hands in 39,000 transactions.
Further, ACL Cables will go for a subdivision of shares whereby one ordinary share will be subdivided into two ordinary shares. Under this, 119.5 million shares will be subdivided into 239.6 million shares. With this move ACL Cables’ share value appreciated by Rs. 3.40 or four percent. Its shares started trading at Rs. 84.10 and at the end of the day they moved up to Rs. 87.50.
Sri Lanka rupee was quoted stronger around 190/192 to the US dollar in the one month market on Tuesday, while bond yields were steady, dealers said. Sri Lanka rupee last closed at 191/193 levels on Monday. In the secondary securities market, bond yields were steady in dull trade dealers said.
Business
Dialog Brings the ICC Men’s T20 Cricket World Cup 2026 Closer to Sri Lankans
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, hosted an event to mark the ICC Men’s T20 Cricket World Cup 2026, bringing together stakeholders and cricket enthusiasts as Sri Lanka looks ahead to one of the world’s most anticipated sporting events.
Over the years, Dialog has played an enduring role in supporting sport in Sri Lanka, with cricket at its core, enabling access to the game through partnerships and nationwide initiatives, reflecting its commitment to Powering the Passion of the Nation. Against this backdrop, securing the ICC media rights in Sri Lanka for the 2026–2028 period represents an important milestone in Dialog’s ongoing journey of bringing the world’s leading cricket tournaments to Sri Lankan audiences.
The event was attended by representatives from the Sports Ministry, Sri Lanka Cricket, the media, and the corporate sector, alongside former and current national cricketers. It recognised Sri Lanka’s proud cricketing legacy and the deep-rooted following the game enjoys among fans, while underscoring the scale and significance of the ICC Men’s T20 Cricket World Cup 2026 for local audiences.
As anticipation builds towards the tournament, the ICC Men’s T20 Cricket World Cup trophy was ceremonially showcased during the event, offering those present a closer look at a widely recognised symbol of the competition.
S.Achhudan, Director General of Sports said, “Sport plays an important role in strengthening national unity and identity. Public–private partnerships, such as Dialog’s continued support for cricket, are important in sustaining the sports ecosystem and in enabling broad public access to major international sporting events.”
Commenting on the occasion, Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC, said, “Cricket holds a special place in Sri Lanka, with a following that spans generations and communities. Global tournaments such as the ICC Men’s T20 Cricket World Cup are events that fans look forward to and remember. At Dialog, our focus is to play a meaningful role in enabling these experiences — ensuring Sri Lankans can follow the game across platforms, with the quality, reliability, and reach it deserves.”
Sharing his views on the collaboration, Mr. Bandula Dissanayake, Honorary Secretary of Sri Lanka Cricket, said, “The ICC Men’s T20 Cricket World Cup is a major event for the sport and for cricket-loving nations such as Sri Lanka. With Dialog as the ICC media rights holder in Sri Lanka for the 2026–2028 period, this collaboration supports strong engagement around the tournament and reflects the scale of interest cricket continues to enjoy across the country.”
Sri Lankan fans will be able to follow the ICC Men’s T20 Cricket World Cup 2026 on Dialog Television and the Dialog Play App, alongside a free-to-air broadcast partnership with Supreme TV, ensuring wide access to the tournament.
Business
‘Notable drop in SL’s 2025 tourism sector earnings compared to those of 2018’
The revenue that was earned from the tourism sector in 2025 was US $ 3.2 billion, which is a significant drop compared to the 2018 figure , which is US$ 4.3 billion, a top tourism sector specialist said.
‘Comparatively there is a revenue deficit of US $ 1.2 billion, which we cannot be satisfied with at any cost, ‘Island Leisure Lanka’ founder chairman Chandana Amaradasa said.
Amaradasa made these observations at a Rotary Club joint meeting organised by Rotary Club Colombo South, featuring also the Rotary Clubs of Kolonnawa and Sri Jayawardenapura, at the Kingsbury Hotel on Tuesday.
Amaradasa added: ‘To develop the tourism sector the government has to do many things which previous governments comprehensively failed to take up.
‘The revenue that comes from the local tourism sector is four to five percent of the GDP, while in Dubai it is more than 45 percent of the GDP.
‘At present the country has 51000 rooms, out of which not more than 10000 rooms are at the four to five star level. Of that number 6000 rooms are located in Colombo, which is a major issue for tourism promotion in tourism potential areas.
‘Sri Lanka should focus on high quality standards in tourism and also develop the East Coast with the necessary infrastructure; especially having an international airport is absolutely necessary.
‘Colombo could be developed as a MICE tourism hub in the region. But not having an international level conference/convention hall is a another bottle neck in promoting that market as well.’
By Hiran H Senewiratne ✍️
Business
A Record Year for Marketing That Works: SLIM Effie Awards Sri Lanka 2025 crosses 300+ entries
The Sri Lanka Institute of Marketing (SLIM) announces a defining milestone for the country’s marketing, advertising, and creative sectors, as Effie Awards Sri Lanka 2025 records the highest number of entries in its history, crossing 300+ submissions. The unprecedented response reflects a stronger, more confident industry, one that is increasingly committed not only to bold creativity, but to creativity that can prove its value through measurable business and brand outcomes.
Now in its 17th year in Sri Lanka, the Effie Awards remain the most recognised benchmark for marketing effectiveness, honouring campaigns that bring together creative excellence, strategic discipline, and results. As the industry evolves, the Effies have become a space where the agency community, brand teams, media and creative partners are collectively challenged to raise the bar, moving beyond attention and awards, toward work that drives growth, shapes behaviour, and delivers real impact.
The record volume of entries this year also signals a healthy shift in the market: more brands and agencies are willing to be evaluated against rigorous effectiveness criteria, and to put forward work that demonstrates clear thinking, strong execution, and proof of performance. SLIM notes that this momentum highlights the expanding role of marketing and advertising in Sri Lanka, not simply as communication, but as a strategic driver of competitiveness and value creation.
SLIM confirms that the judging process will commence soon, guided by the established Effie evaluation framework that assesses entries on insight, strategy, execution, and measurable outcomes. The Grand Finale is scheduled for end-February 2026, where Sri Lanka’s most effective marketing work will be recognised on a national platform.
For inquiries, entries, and sponsorship opportunities, please contact the SLIM Events Division: +94 70 326 6988 | +94 70 192 2623.
-
Editorial7 days agoIllusory rule of law
-
Features7 days agoDaydreams on a winter’s day
-
Features7 days agoSurprise move of both the Minister and myself from Agriculture to Education
-
Features6 days agoExtended mind thesis:A Buddhist perspective
-
Features7 days agoThe Story of Furniture in Sri Lanka
-
Opinion5 days agoAmerican rulers’ hatred for Venezuela and its leaders
-
Features7 days agoWriting a Sunday Column for the Island in the Sun
-
Business3 days agoCORALL Conservation Trust Fund – a historic first for SL
