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CSE to introduce regulated short selling through stock borrowing and lending to enhance trading opportunities

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CSE Chairman, Dilshan Wirasekara L-R- CSE CEO Rajeeva Bandaranaike,CSE Chairman Dilshan Wirasekara, SEC Deputy DG Tushara Jayaratne, Softlogic Stockbrokers (PVT) Ltd CEO Dihan Dedigama and CSE CRO Renuke Wijayawardhane.

The Colombo Stock Exchange (CSE) is pleased to announce the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), which are aimed at enhancing trading opportunities and flexibility for investors.

In this regard, the CSE conducted an awareness session on RSS and SBL, to the institutional and high net worth individual investors and CEOs of trading participants on 8th September 2023 at Shangri-La Colombo with the participation of CSE Chairman Mr. Dilshan Wirasekara, Chief Executive Officer (CEO) Mr. Rajeeva Bandaranaike, CSE Chief Regulatory Officer (CRO) Mr. Renuke Wijayawardhane, Securities and Exchange Commission of Sri Lanka (SEC) Deputy Director General Mr. Tushara Jayaratne and the senior management and the staff of the CSE.

Stock Borrowing and Lending (SBL)

SBL, a groundbreaking initiative by the CSE, connects lenders and borrowers of shares for a predetermined period, allowing them to capitalize on market trends as in prevailing interest rates.

Only eligible securities specified by the CSE will be allowed for SBL transactions, and the eligibility of these securities will be reviewed by the CSE on a quarterly basis.

All investors who maintain Central Depository System (CDS) accounts will now have the privilege of engaging in SBL transactions as lenders and borrowers via the CDS through their respective trading participants and custodian banks (CDS participants).

CDS participants are empowered to act as intermediaries for SBL transactions. Investors can seamlessly carry out SBL transactions by submitting the lending/borrowing orders using the participant pool account or by submitting orders directly to the CDS through their participants.

Advantages of SBL mechanism

For lenders, SBL offers a unique opportunity to leverage a portion of their portfolio that may not be actively used for regular trading, while simultaneously earning an additional fee-based income. On the other hand, borrowers can leverage the potential of price movements in a declining market, amplifying their gains.

Investors can take advantage of this opportunity by establishing a SBL agreement with the relevant lending or borrowing participant.



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From Mt. Fuji to Sri Pada: Lessons from a father-son climb

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by SK Samaranayake

For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.

Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.

“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.

Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.

The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.

Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.

“Reaching the top was an achievement. Returning safely was success,” Gunasena said.

The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.

Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.

He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.

For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.

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FLIR, Marlbo promote smarter industrial maintenance

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Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.

The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.

Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.

FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.

Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.

The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.

Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.

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Lumbini Tea Valley wins intl award for Singharaja Wirytips

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Chaminda Jayawardana receiving the award

Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.

The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.

Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.

Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.

Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.

The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.

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