Business
E. B. Creasy in notable share transaction; CSE bounces back
E.B. Creasy & Co. said yesterday in a CSE filing that its public holding had increased to 26.43 percent following share sales by Colombo Fort Land & Building, market analysts said. According to the filing, Colombo Fort Land disposed of 5 million shares on August 6 and a further 1.5 million shares on August 27.
As a result, the company’s public float rose from 23.86 percent reported in its June 30 interim financial statements to 26.43 percent as at August 29, the record date. The increase improves liquidity in the stock and moves the company further above the minimum public float threshold required under CSE listing rules.
Meanwhile, the biggest shareholder Fairfax on Monday picked up another 1.3 percent stake or 230 million shares in top blue chip JKH. Via HWIC Asia Fund, Fairfaxt held a 24.2% stake in JKH as at end of June 2025.On Monday, JKH saw 237.3 million of its shares traded for Rs. 5.5 billion with the share price closing at Rs. 23, down by 30 cents. Fairfax acquired the new stake at Rs. 23.20 per share. Among major sellers was Norges Bank Account 2, which as at end June 2025 held 422.8 million shares or a 2.4 percent stake.
The CSE was able to bounce back yesterday due to active retail participation and mainly driven by Dankotuwa Porcelain due to heavy retail market trading, market analysts said. Amid those developments mixed reactions were noted in both indices. All Share Price Index moved up by 6.53 points, while the S and P SL20 rose by 19.3 points. Turnover stood at Rs 6.4 billion with eight crossings.
Those crossings were reported in HNB, which crossed 350,000 shares to the tune of Rs 138.2 million and its shares traded at Rs 395, Resus Energy 3.1 million shares crossed to the tune of Rs 124 million and its shares traded at Rs 40, Hemas Holdings two million shares crossed for Rs1.2 million and its shares sold at Rs 30.60, JKH 1.8 million shares crossed to the tune of Rs 22.70, Dipped Products 675,000 shares crossed to the tune of Rs 39.8 million and its shares traded at Rs 59, Melstacope, 230,000 shares crossed for Rs 37.9 million; its shares traded at Rs 165, Asian Hotel and Properties 378,000 shares crossed for Rs 36.5 million; its shares traded at Rs 36.50 and Aitken Spence Hotels 250,000 shares crossed to the tune of Rs 26.2 million; its shares sold at Rs 105.
In the retail market top seven companies that have mainly contributed to the turnover were; Dankotuwa Porcelain Rs 1.9 billion (57 million shares traded), LB Energy Fund Rs 310 million (25.6 million shares traded), Pan Asia Power Rs 234 million (12 million shares traded), Sierra Cables Rs 156 million (5.9 million shares traded), JKH Rs 144 million (6.3 million shares traded), Aitken Spence Hotels Rs 141 million (1.6 million shares traded) and Jetwing Symphony Rs 141 million (8.1 million shares traded). During the day 260 million share volumes changed hands in 420000 transactions.
Yesterday, the rupee opened at Rs302.10/15 to the US dollar in the spot market, stronger from Rs 302.12/20 the previous day, while bond yields were broadly steady, dealers said.
By Hiran H.Senewiratne
Business
Mattala Wildlife Unit to boost revenue, tourism and investor confidence
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
Business
Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry
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.
Business
Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026
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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