Business
Dhammika Perera-led companies drive share market; tile sector counters attractive
By Hiran H.Senewiratne
The CSE kicked off on a negative note in the early part of the session yesterday but buying interest developed during the middle of the session, mainly driven by companies led by local business magnate Dhammika Perera, especially tile sector counters. This was on account of the first interim cash dividend of Rs 6.50 per share on Lanka Tiles the previous day, market analysts said.
. Shares edged- up in mid- day trade, on Sri Lanka’s continued hopefulness of securing the long- awaited US $2.9 billion dollars from the IMF after China provided assurances on the agreement, a stock analyst said. The market had seen some profit- taking and selling pressures coming in, as the market is reviving on positive macroeconomic sentiments, he said.
“There has been a renewed interest for retail indexes, while banking and financial sectors have been slow since they were on an uptrend since the news of the IMF broke out, he added.
Both indices moved upwards. The All- Share Price Index went up by 55.26 points and S and P SL20 rose by 13.7 points. Turnover stood at Rs 2.49 billion with six crossings. Those crossing were reported in Hayleys PLC where 2.8 million shares crossed to the tune of Rs 218 million, its shares traded at Rs 78, Melstacorp 1.6 million shares crossed for Rs 98.76 million and its shares traded at Rs 60, Lanka IOC 194,000 shares crossed to the tune of Rs 38.9 million; its shares fetched Rs 200, Alumex PLC 4.2 million shares crossed for 36 million; its shares traded at Rs 8.50, Royal Ceramic one million shares crossed to the tune of Rs 34 million and its shares fetched Rs 34 and HNB 200,000 shares crossed for Rs 27 million and its shares traded at Rs 135.
In the retail market top companies that mainly contributed to the turnover were: Royal Ceramic Rs 168 million (4.9 million shares traded), JKH Rs 117 million (831,000 shares traded), Lanka Wall Tiles Rs 112 million (1.9 million shares traded), ACL Cables Rs 107 million (1.3 million shares traded), Lanka Tiles Rs 105.2 million (two million shares traded), Richard Peiris Rs 102.6 million (4.5 million shares traded) and Softlogic Capital Rs 91 7 million (eight million shares traded). During the day 97.4 million share volumes changed hands in 24000 transactions.
It is said high net worth and institutional investor participation was noted in Hayleys, HNB and Expolanka Holdings. Mixed interest was observed in JKH, Capital Alliance and Sampath Bank, while retail interest was noted in Browns Investments, LOLC Finance and Sierra Cables.
The Capital Goods sector was the top contributor to the market turnover (due to Hayleys and JKH) while the sector index edged- down by 0.09 per cent. The share price of Hayleys gained by 40 cents to Rs. 77.40. The share price of JKH inched up 25 cents to Rs. 140.25.
The Banking sector was the second highest contributor to the market turnover (due to HNB), while the sector index increased by 0.33 per cent. The share price of HNB increased by Rs. 7.25 (5.68 per cent) to Rs 135.Yesterday, the rupee opened at Rs 312/318 to the US dollar and was quoted around Rs 318/319 to the dollar in late morning trade in the spot market, dealers said.
Business
Sri Lanka secures 10% US tariff rate: JAAF thanks the President and government for decisive action
Today’s announcement by USTR of the finality of the Section 301 investigations into countries’ ability to impose and effectively enforce a prohibition on the importation of goods produced with forced labour sees 18 countries placed on a 10% tariff, with the balance of 42 countries facing a 12.5% tariff.
Initial indications were that Sri Lanka would fall into the 12.5% category, a position that would have placed the country at a real disadvantage against a number of key competitor nations.
Following Sri Lanka’s submissions to the USTR earlier this month, JAAF is pleased to see that Sri Lanka is now among the countries placed on the 10% tariff rate, on par with competitors including Bangladesh, Pakistan, India, and Cambodia.
Sri Lanka’s apparel industry competes in a crowded field, and even a 2.5 percentage point difference in tariff treatment can be the difference between winning and losing an order to a rival sourcing destination. Securing parity with Bangladesh, Pakistan, India, and Cambodia protects the competitiveness of an industry that remains the country’s largest export earner and a major source of employment, particularly for women, across the country.
JAAF recognises that this result did not happen by chance. It reflects sustained, coordinated engagement between industry and government at every level, from the submissions made to USTR to the direct representations carried out in Washington. We view this as a strong example of what can be achieved when the private sector and government work in close partnership on issues that directly affect Sri Lanka’s export competitiveness.
We remain committed to continuing this collaboration, both to safeguard the gains secured on Thursday and to ensure Sri Lanka’s apparel and textile industry is well positioned to compete on a level playing field internationally.
Business
CAHM students shine at National Bartenders Competition and Dainties 2026
Students of the Colombo Academy of Hospitality Management (CAHM) at SLIIT once again demonstrated their talent, creativity, and professional excellence by securing outstanding achievements at two prestigious national hospitality competitions held recently in Sri Lanka.
The Colombo Academy of Hospitality Management (CAHM) is Sri Lanka’s leading private hospitality education institute, established in 2013 and located at the SLIIT Main Campus in Malabe. Renowned for delivering internationally recognised qualifications in partnership with the William Angliss Institute (RTO 3045), Australia—the Australian Government’s specialist hospitality education institute and the country’s leading provider of hospitality, tourism, foods and events education—CAHM offers Australian-standard vocational qualifications that combine international best practices with hands-on practical training and strong industry relevance, enabling graduates to pursue rewarding careers around the world.
At the 31st National Bartenders Competition (NBC), organized by the Sri Lanka Hospitality Graduates Association (SLHGA) in partnership with International Distillers Limited (IDL), CAHM student Anurasi Chandrasoma (Commercial Cookery Batch 22) emerged as the Winner in the highly competitive Hotel School Category. The competition, held on 26 May 2026 at the Sri Lanka Institute of Tourism and Hospitality Management (SLITHM), Colombo, attracted more than 75 participants from hospitality education institutions across the country.
Representing CAHM alongside the winner were Dishala Gunawardhana (Hospitality Management Batch 37), Sunera Sathindu (Commercial Cookery Batch 21), and Devindu Amarasekara (Patisserie Batch 11), all of whom showcased exceptional bartending skills and professionalism. The achievement marks another significant milestone for CAHM, reinforcing its reputation as one of Sri Lanka’s leading hospitality education institutions.
Business
Asia-Pacific business leaders to convene in Sri Lanka for UN Global Compact’s flagship regional event
Asia-Pacific stands at the forefront of one of the defining transitions of our time. Home to many of the world’s fastest-growing economies, the region is also confronting some of the world’s most pressing sustainability challenges—from climate change and biodiversity loss to widening inequalities, geopolitical uncertainty and rapid technological transformation. As these challenges reshape the global business landscape, businesses are increasingly being called upon not only to respond, but to lead.
Against this backdrop, Sri Lanka will host Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth, the United Nations Global Compact’s flagship regional event for Asia-Pacific. Bringing together more than 200 business leaders, sustainability practitioners, policymakers, representatives from the United Nations and UN Global Compact Country Networks from across the region, the two-day event will provide a platform to strengthen partnerships, exchange practical solutions and mobilize business leadership in support of the Ten Principles of the United Nations Global Compact and the Sustainable Development Goals (SDGs).
Led by the UN Global Compact Asia-Pacific Regional Hub and hosted in collaboration with UN Global Compact Network Sri Lanka, the regional event reflects a shared commitment to advancing responsible business and strengthening regional collaboration at a time when sustainable development depends on collective leadership and cross-sector cooperation.
The event will welcome Sanda Ojiambo, Assistant Secretary-General, CEO & Executive Director of the United Nations Global Compact, whose presence spotlights the strategic importance of the Asia-Pacific region within the United Nations Global Compact. Her first official visit to Sri Lanka signals the growing role of the region in driving responsible business and sustainable development, while offering participating companies a unique opportunity to engage with global leadership, showcase their sustainability journeys, and help shape the next chapter of collective action towards the Sustainable Development Goals.
Alongside Sanda Ojiambo, the Forum will also convene more than 60 global and regional leaders from business, the United Nations and civil society, including Dilhan C. Fernando, Chairman of Dilmah Ceylon Tea Company and Chairman of UN Global Compact Network Sri Lanka, and Sandra Wu, ESG Executive Adviser at Mirait One Corporation, fostering dialogue and collaboration to accelerate business leadership for sustainable and inclusive growth across Asia-Pacific.
Forward Faster Now | APAC 2026 also marks an important milestone in advancing the United Nations Global Compact’s 2026–2030 Strategy, which places renewed emphasis on equipping businesses with the knowledge, tools and partnerships needed to accelerate sustainable business transformation, catalyzing collaboration to address shared global challenges, and advancing responsible business leadership as a cornerstone of sustainable development. As one of the first flagship regional events aligned with this strategic direction, the event will help translate global ambition into regional action by connecting leaders, sharing practical experience and fostering the partnerships needed to create lasting impact.
Register Your Interest
Forward Faster Now | APAC 2026 will take place in Colombo, Sri Lanka, on 11–12 August 2026.
To register your interest or learn more about the event, please contact:
Chamath Kalupahana
Country Focal Point – Forward Faster Now | APAC 2026
Manager – Participant Engagement & Strategic Planning
UN Global Compact Network Sri Lanka
Email: chamath@unglobalcompact.org.lk
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