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Dip in health-related companies’ share prices

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By Hiran H.Senewiratne

A vaccine jointly developed by Pfizer and BioNTech was 90% effective in preventing COVID-19 infections in ongoing Phase 3 trials, the companies announced Monday.The statement was released as coronavirus cases soared across the world and European stock markets and oil prices jumped on the news. However, in Sri Lanka, several listed companies in the CSE saw a decline in  share prices.  They are into Covid 19 related businesses, especially Dipped Products and Expolanka.

Dipped Products is  into surgical gloves manufacturing and Expolanka is a  freight forwarding company that handles personal protective equipment for the pandemic, stock market analysts said. Hayleys, being the parent company of Dipped Products, had also showed some drop in their share prices during the day, analysts said.

Dipped Products share prices were down by 13 percent or Rs. 49.20. Its share price started trading at Rs. 375.60 and at the end of the day it shot down to Rs. 326.40 and Expolanka share prices started moving in the morning at Rs. 28.20 and at the end of the day it moved down to Rs. 25.60, which was a nine percent drop or a Rs. 2.60 share price drop. In this backdrop, Hayleys share prices witnessed a 12 percent or Rs. 55.50 drop, which started trading at Rs. 439.50 the previous day at at the end of yesterday it moved down to Rs. 326.40.

Amid those developments, the stock market showed mixed reactions. The All Share Price Index went down by 18.61 pts and the S and P SL20 was up by 36.24 pts. However, investor heavy company, Singer Sri Lanka  results were positive but not up to  expected levels in the September quarter, which dampened investor sentiment to a greater extent, stock brokers said. Therefore, its shares dropped by 12 percent or Rs. 7.20. Its shares started trading at Rs. 60.20 at the end of the day it was down by Rs. 53. 

However, the banking sector and JKH share prices slightly moved up and that prevented the All Share Price Index from further going down, market analysts said. Turnover stood at Rs. 3.6 billion and no crossings were recorded. Top five contributors to the turnover were, Expolanka Rs. one billion (37.6 million shares traded), JKH Rs. 240 million (1.7 million shares traded), Dipped Products Rs. 232 million (681,000 shares traded), Hayleys Rs. 195 million (484,000 shares traded) and Access Engineering Rs. 156.5 million (6.3 million shares traded). During the day, 129.76 million share volumes changed hands in 33233 transactions.   



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Gigalingua Lanka opens its doors to new opportunities for Sri Lankan nurses in Germany

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Dignitaries gracing the launch of Gigalingua Lanka.

Gigalingua Lanka, a premier German language institute, officially launched in Colombo with a ribbon-cutting ceremony attended by distinguished guests, including Dr. Felix Neumann, German ambassador to Sri Lanka. This marks a significant milestone for Sri Lankan professionals, especially nurses, looking to expand their careers in Germany’s thriving healthcare sector.

In collaboration with its strategic partner Global Care Solutions (Pvt) Ltd – a renowned company in the foreign recruitment industry – Gigalingua Lanka offers a unique pathway for Sri Lankan nurses and apprentices to master the German language and pursue rewarding career opportunities in Germany.

Dr. Felix Neumann, the Chief Guest at the event, expressed his support for the initiative, emphasizing the importance of language education as a bridge to global career prospects. In his speech, Dr. Neumann noted, “German language is not only a means of communication, it is a gateway to global career opportunities.” He commended Gigalingua Lanka for providing valuable opportunities for Sri Lankans and addressing the critical demand for skilled workers, especially in the nursing sector in Germany.

Gigalingua Lanka is the first private institute in Sri Lanka to offer comprehensive German language training up to the B2 level, and conduct TELC exam. The institution also provides language training for apprentices, allowing them to undertake the Apprenticeship Program and contribute to the growing labor market in Germany. The collaboration between Gigalingua Lanka and Global Care Solutions is designed to meet Germany’s growing need for skilled workers, particularly in the healthcare sector.

The event was attended by a number of prominent figures, including Dr. Felix Neumann , Arthur Senanayake (chairman of IWS Holdings), Eran Wickramaratne – former MP, Chandra Schaffter – ( Founder of Janashakthi Insurance ), Dhammika Attygalle (Director Upali Group of Companies and President Automobile Association of Ceylon) Former Wing Commander Buwaneka Abeysuriya (Ex- chairman Janatha Estates Development Board).

Chairman of Global Care Solutions, Thomas Michael Kriwat, who is also chairman of the Mercmarine Group of Companies in Germany, highlighted the significance of the new training center. He said, “We are bringing world-class German occupational language training to Colombo, offering a structured, career-focused pathway for Sri Lankan professionals. By introducing TELC (The European Language Certificates) as an officially certified German language test authority, we are increasing accessibility for students seeking internationally recognized qualifications.”

At the thanksgiving speech, Dr. Rajan Sara, Managing Director of Global Care Solutions and Director of Gigalingua Lanka, outlined the critical need for foreign nurses in Germany. “Germany is facing a significant shortage of nurses, estimated to need an additional 150,000 by 2025. This is exacerbated by an aging population and increasing healthcare demands. Over 47,000 vacancies in the healthcare sector remain unfilled, making it an ideal time for Sri Lankan nurses to seize this opportunity,” Dr. Sara explained. (Gigalingua Lanka)

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Browns unveils new expansion strategy

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Sanakan Thamotharampillai, Director/CEO Brown & Company PLC addresses the gathering.

In keeping with its vision to consistently evolve and address accelerated business growth needs, Brown & Company PLC recently unveiled its new state-of-the-art manufacturing and warehouse facility in Katunayake. Strategically located within minutes of the Bandaranaike International Airport and the nation’s rapidly evolving highway network, the space is positioned to significantly enhance Browns’ logistical capabilities. The hub will enable seamless access to key markets across the island, further solidifying the Company’s principal role in a cross-section of industries.

The inaugural event of the Browns Group Industrial Park was attended by Ishara Nanayakkara, Chairman, Brown & Company PLC and Deputy Chairman, LOLC Holdings PLC and Kapila Jayawardene, Group Managing Director/CEO, LOLC Holdings PLC along with key officials from the Browns and LOLC Group.

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Dialog Partners with vivo to Introduce the vivo V50 with 5G in Sri Lanka

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Photographed from left to right: Erash Fernando, General Manager – Operations at Stelacom; Deshan Wijeweera, Head of Device Business – Growth and Operations at Dialog; Yushan Gunathilake, Head of Business – Mobile Telecommunications at Dialog; Chamara Kulawardana; Harris Song, Director at vivo Sri Lanka; Gihan Nanayakkara, Deputy General Manager at vivo Sri Lanka; and Priyantha Jayasinghe, General Manager at Trident Corporation (Pvt) Ltd.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has successfully launched the highly anticipated vivo V50 smartphone, marking a significant milestone in its commitment to bringing 5G technology and pro-level mobile experiences to Sri Lankan customers, with the first customer handover taking place on 27th March 2025.

The vivo V50, designed in collaboration with ZEISS, combines advanced features such as a 50MP ZEISS OIS Main Camera, a powerful Snapdragon® 7 Gen 3 processor, and a stunning 6,000mAh battery, all housed in a sleek, ultra-slim design. Available at an attractive price, the vivo V50 delivers unmatched mobile performance for work, play, and creativity, offering features such as AI-enhanced photography, 4K video recording, and lightning-fast 90W FlashCharge technology. The vivo V50 also boasts a 41° golden curvature for a comfortable grip and a premium, cinematic mobile experience.

Dialog’s partnership with vivo underscores its commitment to bringing the latest in 5G innovation to Sri Lanka, providing customers with access to next-generation mobile experiences and empowering them to capture, create, and connect like never before. The vivo V50 is now available for purchase at Dialog’s Experience Centers and via https://www.dialog.lk/phones/vivo-v50-5g-12gb.

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