Business
Expolanka Holdings reportedly looking for more acquisitions
By Hiran H.Senewiratne
CSE’s most valuable listed entity Expolanka Holdings PLC yesterday disclosed that it is looking for more acquisitions.Expolanka said the company has submitted proposals in response to calls for expressions of interest for the acquisition of certain logistic companies in international markets in pursuance of its overall policy to expand its global business, CSE sources said.
“The Board wishes to emphasize, however, that such expressions of interest have not been accepted to date. Moreover, any finality to such transactions, if they are proceeded with, will be dependent on standard pre-acquisition procedures such as due diligence as well as corporate and regulatory approvals,” Expolanka said.
“The Board will ensure that the public will be kept duly informed of any progress,” it added.
During the last financial year, Expolanka made three strategic acquisitions investing $ 18 million in expanding its operations in the Americas.Amid those developments, CSE activities were bullish throughout the day and its shares gained on mid- market trade, pushed up by Expolanka shares following its corporate disclosure on acquiring a logistics company, brokers said.
“The market was mainly pushed up by Expolanka following its disclosure on acquisitions. However, the overall market is on muted sentiments,” top market analyst said. The All Share Price Index went up by 148.6 points and S and P S20 rose by 92.2 points. Turnover stood at Rs 1.6 billion sans a single crossing.
During the day, Expolanka shares contributed almost 50 per cent of the turnover and also 40 indices to the All Share Price Index. The Expolanka share price appreciated by 16 per cent or Rs 22.75. Its share price started at Rs 140.50 and at the end of the day it shot up to Rs 163.76. Due to these developments investor sentiment also improved remarkably during the day, stock market analysts said.
In the retail market top seven companies that contributed to the stock market/turnover were, Expolanka Holdings Rs 648 million (4.1 million shares traded), Lanka IOC Rs 205.1 million (1.1 million shares traded), Lankem Development Rs 68.9 million (2.3 million shares traded), ACL Cables Rs 67.6 million (925,000 shares traded), Sampath Bank Rs 61.7 million (1.9 million shares traded), LOLC Holdings Rs 39.4 million (116,000 shares traded) and Browns Investments Rs 37 million (7.2 million shares traded). During the day 43.6 million share volumes changed hands in 15000 transactions.Yesterday the Central Bank- announced US dollar buying rate was Rs 360.29 and the selling rate Rs 371.29. The inflation rate continues at around 70 per cent.
Business
JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification
JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).
JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.
Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.
A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.
Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:
“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”
The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.
Business
Industry bodies flag gaps in Draft National Electricity Policy
The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.
Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.
The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.
The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.
Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.
The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.
Business
Bank of Ceylon partners with 36th APB Sri Lanka Convention
Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.
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