Business
Finance minister’s Rs. 229 billion economic relief package buoys stock market
By Hiran H.Senewiratne
The Colombo Stock Exchange (CSE), which kicked off with a bullish momentum on the previous day continued the same momentum yesterday with both indices sharply rising, recording a turnover of more than Rs. 10 billion.
The All Share Price Index surged by 174.72 points to close at a record all time high of 12,800.53, stock market analysts said.”The two days of trading saw net foreign buying of Rs. 13 million against a net annual outflow of over Rs. 50 billion in 2021 and 2020. The reason for the CSE to be more positive throughout the day was because it would be the best investment option with the increase of money supply into the economy with the Minister of Finance Basil Rajapaksa’s economic relief package that was announced on Monday, worth 10 percent of projected 2022 revenues.
The total handout of Rs 229 billion is about 1.2 percent of gross domestic product. It is 10 percent of the Rs 2,274 billion revenues for 2022 already described as ‘ambitious’ by analysts and rating agencies.
Amid those developments both indices were positive. All Share Price Index up by 174.7 points and S and P SL20 up by 51.5 points. Although the first one and half hours indicated some profit takings, the market most of the time was positive, driven by LOLC group counters and other blue chip counters, stock market analysts said. Those companies were LOLC Holdings 67 points, LOLC Finance 39 points LOLC Development Finance 19.2 points contributed to the All Share Price Index.
Turnover stood at Rs 10.8 billion with four crossings. Those crossings were reported in NDB, which crossed 7.3 million shares to the tune of Rs 125.6 million and its share price traded at Rs 72, Sampath Bank one million shares crossed for Rs 52 million and its share price traded at Rs 52, Asia Siyaka Commodities ten million shares crossed for Rs 34 million and its share price traded at Rs 3.40 and Renula Holdings 1.2 million shares crossed for Rs 25.2 million and its share price traded at Rs 21.
In the retail market top seven companies that mainly contributed to the turnover were LOLC Finance Rs 1.7 billion (60 million shares traded), Browns Investments Rs 788 million (45 million shares traded), Prime Lands Residencies Rs 621 million (46.2 million shares traded), Sunshine Holdings Rs 449 million (8.3 million shares traded), LOLC Holdings Rs 390 million (314,000 shares traded), Expolanka Holdings Rs 341 million (893,000 shares traded) and Overseas Realities Rs 250 million (10.5 million shares traded). During the day 806 million share volumes changed hands in 76000 transactions.
Watawala Plantations, which is the market leader in palm oil in Sri Lanka share price appreciated by 16 percent or Rs 21.75. The reason being in the international market the palm oil price has gone up considerably. Therefore, its share price shot upto Rs 160 from Rs 138.25. The parent company of Watawala Plantations Sunshine Holdings share price also appreciated by 18 percent or Rs 8.80. Its share price shot upto Rs 57.80 from Rs 49. The share price of LOLC General Insurance recorded a gain of Rs. 1.20 (5.85 percent) to close at Rs. 21.70. The share price of Expolanka Holdings appreciated by Rs. 11.50 (3.06 percent ) to close at Rs. 386.75.
Business
Ceylinco Life celebrates its ‘Unstoppable Champions’ at Annual Awards 2026
The power of momentum was the focus when Ceylinco Life, Sri Lanka’s life insurance market leader for an unbroken 22 years, celebrated the exceptional achievements of its top-performing sales force at its Annual Awards Ceremony 2026, held at Cinnamon Life Colombo.
Bringing together more than 300 of the company’s highest achievers, the event recognised Sales Officers who attained High Flyers status, qualified for the prestigious Million Dollar Round Table (MDRT), or earned ‘Sales Superstar’ status in 2025, each having met rigorous performance benchmarks. In total, close to 370 awards were presented at the ceremony, which was attended by over 450 participants including the company’s Board of Directors and senior management.
Themed ‘Unstoppable Champions,’ the awards ceremony underscored the spirit of resilience, ambition and consistent excellence that defines Ceylinco Life’s sales force, positioning the awardees as drivers of the company’s sustained market leadership.
The event was graced by Chief Guest Srinivasa Rao, Managing Director – Life and Health (South Asia and South East Asia) at Munich Re, and featured an evening of scintillating entertainment with performances by Sanka Dineth, Shashika Nisansala, the Naadro Band and Prashanthini, complemented by dance acts from Muddrika Dance Studio.
Among the highlights of the evening was the presentation of two Toyota Axio motor cars to R. P. Edirisinghe and S. S. H. M. T. Laksiri in recognition of their consistent excellence in qualifying as High Flyers and MDRT members. The top honours at the awards ceremony were presented to Mr A. S. L. Fernando as Best Agency Head, H. D. Pathirana as Best Agency Supervisor, A. I. P. Manjula as Best Life Insurance Advisor, and J. Meera as Best Regional Sales Manager.
Business
Kia drives into Colombo’s skyline with landmark showroom at Altair
Top Korean nameplate Kia has reinforced its presence in Sri Lanka with the opening of a striking new showroom at the iconic Altair high-rise in Colombo, marking a significant step in the brand’s continued expansion and customer engagement in the country.
The new facility, unveiled exclusively to media on 7th April 2026, occupies approximately 2,700 square feet of prime space at Retail 3 of the Altair development.
Strategically positioned at the entrance to the complex for maximum visibility and accessibility, the showroom places Kia at the heart of one of Colombo’s most prominent luxury residential and lifestyle destinations.
Designed in line with Kia’s global brand guidelines, the showroom presents a modern, customer-centric environment that reflects the company’s focus on innovation, quality and service excellence. The space is intended to offer an immersive retail experience, enabling customers to explore the brand’s evolving portfolio in a setting that mirrors international standards.
“The opening of this new showroom signals Kia’s renewed commitment to Colombo, strengthening its proximity to customers while enhancing convenience and accessibility for those seeking to engage with the brand,” Kia Motors Lanka Chairman Mahen Thambiah said. “It represents a key milestone in our strategy to deepen customer relationships and expand the Kia footprint across key urban locations.”
Taking centre stage at the new showroom is the all-new Kia Tasman, the brand’s first-ever double cab pickup, which makes its debut in Sri Lanka in tandem with the opening. The introduction of the Tasman underscores Kia’s drive to diversify its offering and respond to the evolving demands of customers across multiple segments.
In addition to the Tasman, visitors to the Altair showroom can experience Kia’s full range of vehicles, further enhancing the brand’s appeal to a broad spectrum of automotive enthusiasts.
Business
Nalin Sri Tikiri Bandara: forging discipline and character through martial arts
After nearly three decades on the mat, Sri Lankan martial arts instructor H. M. Nalin Sri Tikiri Bandara has built a career that stretches from local dojos in Kandy to international training arenas in the United Arab Emirates, shaping a growing generation of students through what he describes as “a lifelong journey of discipline and self-development.”
With more than 28 years of experience, Bandara has emerged as a prominent figure in martial arts education for children, youth and adults, particularly across Sri Lanka and the UAE, where he is currently based in Abu Dhabi.
Bandara’s martial arts journey began at a young age and has since spanned multiple disciplines, including Kyokushin Karate, Ashihara Karate, Mumonkai Karate, Brazilian Jiu-Jitsu and yoga.
He holds several international dan rankings, including 3rd Dan in Kyokushin Karate (Japan), 4th Dan in Ashihara Karate (Australia), 2nd Dan in Mumonkai Karate (Japan), and 1st Dan under Josui Kai Kan Karate (Japan). Years of training camps, seminars and competitions abroad, he says, have helped refine both technical skill and teaching philosophy.
Bandara is the founder and chief instructor of Nalin Dojo, which operates across multiple locations, including a main branch in Abu Dhabi and an established centre in Kandy. He also runs expansion programmes in schools and fitness centres in the UAE.


Collectively, his programmes have trained more than 2,000 students, ranging from children as young as four to adults.
He also serves as branch chief and representative of the World Karate Alliance Kyokushin Bugakukai, and contributes to the development of full-contact karate at national level in Sri Lanka.
At the core of his teaching is a hybrid approach he calls “Yoga Martial Arts”, blending karate discipline, yoga-based mental conditioning, Brazilian Jiu-Jitsu principles and sports science.
The focus, he says, extends beyond physical combat to character formation, emphasising discipline, respect, confidence-building and mental resilience.
“Martial arts is not just about fighting, it is about building better human beings,” Bandara said.
Much of his work is directed at children and adolescents, particularly in an era he describes as increasingly dominated by digital distractions.
He argues that structured martial arts training can reduce screen dependency, improve concentration, and strengthen emotional stability, while promoting healthier lifestyles.
“Children’s future is the future of the community,” he said, underscoring his belief that early discipline shapes long-term social outcomes.
Beyond regular training, Bandara organises grading examinations, workshops, school programmes and community fitness initiatives in both Sri Lanka and the UAE.
He has continued such activities even during periods of global disruption, maintaining regular engagement with students and instructors.
Looking ahead, Bandara plans to expand his dojo network across the UAE and internationally, while developing structured youth development programmes and training future instructors.
His long-term ambition is to build a sustainable martial arts ecosystem that integrates physical excellence with character education.
In a career defined by discipline and continuity, Bandara represents a generation of martial arts instructors blending traditional combat systems with modern wellness principles — and, in the process, attempting to shape not just fighters, but future citizens.
by SK Samaranayake
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