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Expectations over reaching debt restructuring requirements keep CSE in fine trim

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By Hiran H.Senewiratne

Sri Lanka is engaging with bondholders and is optimistic about a positive outcome, while efforts were underway to finalize in-principle deals with official creditors, State Minister for Finance Shehan Semasinghe said.

Sri Lanka is expected to meet IMF debt restructuring requirements in the second quarter for a review to be passed by the lender’s board, he said.

Meanwhile, President Ranil Wickremesinghe said that he expected debt restructuring to be wrapped up by June–July before any elections are conducted, the State Minister told a meeting.

Due to bullish conditions that arose in the market against the backdrop of the above comments, both indices moved upwards yesterday. The All Share Price Index up by 74.17 points while S and P SL20 rose by 22.32 points. Turnover stood at Rs 2 billion with five crossings. Those crossings were reported in JKH, which crossed 250,000 shares to the tune of Rs 49.3 million; its shares traded at Rs 197.25, Hayleys 500,000 shares crossed for Rs 42.5 million; its shares traded at Rs 85, HNB 200,000 shares crossed for Rs 37 million and its shares sold at Rs 185, Access Engineering 1 million shares crossed to the tune of Rs 23.3 million; its shares fetched Rs 23.30 and Pan Asia Bank 1 million shares crossed for Rs 21.5 million; its shares sold at Rs 21.50.

In the retail market top seven companies that mainly contributed to the turnover were; CIC Holdings Rs 95.8 million (1.3 million shares traded), Hemas Holdings Rs 81 million (999,000 shares traded), NDB Rs 73.9 million (1 million shares traded), Sampath Bank Rs 73.5 million (935,000 shares traded), JKH Rs 71.7 million (364,000 shares traded) and First Capital Holdings Rs 68.9 million (1.9 million shares traded). During the day 73.4 million share volumes changed hands in 16000 transactions.

Yesterday the rupee was quoted at Rs 299.85/95 to the US dollar in the spot forex market, crossing the 300 mark after opening at Rs 299.90/300.00, dealers said.

The rupee closed at Rs 300.00/06. Bond yields were broadly steady. A bond maturing on 15.12.2026 was quoted stable at 11.30/40 percent. A bond maturing on 15.09.2027 was quoted at 11.85/12.00 percent from 11.90/12.05 percent. A bond maturing on 15.12.2028 was quoted stable at 12.10/20 percent.



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SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

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The Solar Industries Association (SIA) holds a press briefing in Colombo recently.

By Sanath Nanayakkare

The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.

The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”

“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.

“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.

“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.

SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.

“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.

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Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

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SLTPB has been a regular member of both OTM and SATTE trade fairs in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).

Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.

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SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

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Imantha Wijekoon, Chief Business Officer - Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Lanka Group, exchange the signed agreement

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.

The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.

Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.

Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.

Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.

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