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CSE sustains bullish trend: indices up

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By Hiran H.Senewiratne

CSE sustained its upward trend yesterday from a position of strength as both indices gained on healthy turnover. At the beginning, the market witnessed a downward trend and in the first half of the session profit- taking was witnessed in the previous day’s bull- running companies. The banking sector’s positive momentum continued like on the previous day but did not witness any substantial gains, stock market analysts said.

It is said the market returned to positive territory as both the indices resumed their upward trajectory on the back of price gains in index heavy NIFL and LOLC, while banking sector stocks witnessed a significant pickup in prices during the session, indicating an improved sentiment in the sector.

Net foreign outflow crossed the Rs. 45-billion-mark year-to-date with Rs. 101 million worth of net selling on the previous day. Estimated net foreign selling topped in Dialog at Rs. 40.6 million, while net buying topped in Royal Ceramics at Rs. 14 million.

Both indices moved upwards. The All- Share Price Index went up by 44.55 points and S and P SL20 rose by 17.01 points. Turnover stood at Rs 3.5 billion with two crossings. Those crossings were reported in Amaya Leisure, which crossed 1.3 million shares to the tune of Rs 33.8 million; its shares traded at Rs 26 and Hayleys 200,000 shares crossed for Rs 20.1 million, its shares traded at Rs. 100.50.

In the retail market top five companies that mainly contributed to the turnover were; Expolanka Holdings Rs 602 million (3.1 million shares traded), Browns Investments Rs 371 million (35.1 million shares traded), Sampath Bank Rs 270 million (4.6 million shares traded), Pan Asia Bank Rs 160 million (8.5 million shares traded) and Amana Bank Rs 142 million (33.7 million shares traded). During the day 239 million share volumes changed hands in 35000 transactions.

Amid those developments new IPOs are in the pipeline. The Ex-Pack Corrugated Carton Limited IPO will likely open on October 22, 2021. The company will issue 83.3 million shares at a price of Rs. 26 to raise Rs 699 million. This share issue would be 25 percent of the total shareholding. Purpose of this IPO is to raise funds to set up a manufacturing facility. Total estimated cost for the facility would be Rs 2.9 billion. Apart from the Rs 699 million IPO, the company will look for other avenues to collect funds from internal funds, Rs 602 million, investment property sales Rs 450 million and Rs 1.2 billion from debt financing.

Yesterday, the Sri Lankan rupee was quoted against the US dollar at Rs 199.40. This was a controlled price set by the Central Bank to stabilize price escalation in essential goods.



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Mattala Wildlife Unit to boost revenue, tourism and investor confidence

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Dignitaries at the MOU signing ceremony.

The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.

Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.

“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.

He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.

By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.

Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.

“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.

Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.

Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.

“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.

He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.

The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.

“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.

By Ifham Nizam

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Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry

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Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.

The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students

Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.

All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.

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Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026

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COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.

The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.

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