Business
CSE reacts positively to debt moratorium time frame

By Hiran H. Senewiratne
The CSE yesterday reacted in a very positive manner to a recent interview given by the Chief of staff to the President of Sri Lanka and National Security Advisor Sagala Ratnayake, to a media organization that Sri Lanka may likely get a debt moratorium until 2028.
This was a major impetus to the stock market, which showed heavy buying interest, thus creating a bullish sentiment. Against this backdrop the market performed well and a strong rally on banking sector counters was noted throughout the day, market analysts said.
Amid those developments both indices moved upwards. The All Share Price Index went up by 130.4 points while S and P SL20 rose by 60.95 points. Turnover stood at Rs 3.2 billion with five crossings.
Those crossings were reported in Sampath Bank, where 3 million shares crossed to the tune of Rs 243 million at Rs 81 per share, Hemas Holdings 500,000 shares crossed for Rs 41 million; its shares traded at Rs 82, HNB 150,000 shares crossed for Rs 30.1 million; its shares traded at Rs 200.50, Ceylon Cold Stores 500,000 shares crossed for Rs 27.5 million and its shares traded at Rs 55 and Commercial Bank 205,000 shares crossed to the tune of Rs 22.3 million and its share sold at Rs 109.
In the retail market top five companies that mainly contributed to the turnover were; Sampath Bank Rs 432 million (5.3 million shares traded), JKH Rs 207 million (1 million shares traded), Commercial Bank Rs167 million (1.5 million shares traded), Hemas Holdings Rs 150 million (1.8 million shares traded) and Lanka Aluminium Rs 123 million (1.8 million shares traded). During the day, 117 million share volumes changed hands in 20000 transactions.
Yesterday the rupee opened at Rs 298.80/299.00 to the US dollar in the spot forex market, stronger from 299.25/30 on Friday, dealers said, while bond yields were steady. A bond maturing on 15.12.2026 was quoted at 11.35/45 percent from 11.40/45 percent, down from Friday. A bond maturing on 15.09.2027 was quoted at 11.95/12.00 percent from 11.90/12.00 percent. A bond maturing on 15.12.2028 was quoted at 12.10/25 percent from 12.15/25 percent.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
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