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Finco Holdings’ stake in Printcare exceeds 11 percent; selling pressure in major banks

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Finco Holdings (Pvt) Limited has increased its holding in Sri Lanka’s Printcare to 11.21 percent, CSE sources said.

“Following the execution of the above transaction, the shareholding of the aforementioned client in Printcare has exceeded 10 percent, CSE sources added.

Finco Holdings bought 2,648,582 ordinary shares, at Rs. 62 a share.

The company previously held 6,989,213 shares.

Amid those developments the stock market was volatile yesterday as selling pressure was noted in major banks, especially HNB, Sampath Bank and Commercial Bank, while Pan Asia Bank’s per share price shot up by 10 percent. Its initial price was Rs 34.80 and at the end of the day it moved up to Rs 38.

At the end of the day, the All Share Price Index was up by 62.5 points, while the S and P SL20 went up by 5.63 points. Turnover stood at Rs 5.9 billion with eight crossings.

Those crossings were reported in CT Holdings where 5.2 million shares crossed to the tune of Rs 2 billion and its shares traded at Rs 390, Cargills 4.5 million shares crossed for Rs 2 billion; its shares traded at 450, Pan Asia Bank 1.5 million shares crossed for Rs 55 million; its shares traded at 37.40, JKH two million shares crossed for 22.30 million; its shares sold at Rs 20.30, Lion Brewery 23000 shares crossed for Rs 28.5 million; its shares traded at Rs 1240, Melstacope 200,000 shares crossed for Rs 26.4 million and its shares sold at Rs 132, Lanka IOC 200,000 shares crossed for Rs 25.9 million; its shares traded at Rs 129.50 and Central Finance 110,000 shares crossed for Rs 21.9 million; its shares sold at Rs 199.

In the retail market top six companies that have mainly contributed to the turnover were; Lankem Developments Rs 215 million (10.5 million shares traded), Pan Asia Bank Rs 197 million (5.4 million shares traded), CTC Rs 83 million (61400 shares traded), JAT Holdings Rs 74 million (2.5 million shares traded), ACL Cables Rs 72 million (557,000 shares traded) and JKH Rs 67 million (3.3 million shares traded). During the day 77.3 million share volumes changed hands in 13664 transactions.

It is said that manufacturing sector counters actively participated at the floor, especially CT Holdings and Cargills, while other sectors also performed well. But a slight price depreciation in major three banks had negatively impacted the S and P SL20 index.

Yesterday, the rupee opened at Rs 299.42/47 to the US dollar in the spot market, against Wednesday’s close of 299.52/55, dealers said, while bond yields were broadly steady from the previous close.

A bond maturing on 15.02.2028 was quoted at 9.85/95 percent. A bond maturing on 01.09.2028 was quoted at 9.95/10.00 percent. A bond maturing on 15.12.2028 was quoted at 10.00/05 percent. A bond maturing on 15.06.2029 was quoted at 10.28/29 percent. A bond maturing on 15.12.2029 was quoted at 10.38/40 percent, from 10.35/42 percent. A bond maturing on 15.03.2031 was quoted flat at 10.85/95 percent.

By Hiran H Senewiratne



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USA–Sri Lanka Chamber of Commerce plans New York campaign to promote Tourism and Business

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The initiative will provide Sri Lankan businesses with a vital platform to introduce their products and services to the American market

Timing aligns with national policy discussions

By Sanath Nanayakkare

The USA–Sri Lanka Chamber of Commerce is exploring an innovative promotional initiative to showcase Sri Lanka’s tourism, cultural heritage, and commercial opportunities in the heart of New York City during the upcoming Christmas and holiday season.

The proposed campaign aims to bring Sri Lanka’s unique identity to one of the world’s most internationally recognized cities through a mobile digital billboard featuring high-quality photographs and videos highlighting the island’s natural beauty, rich heritage, and diverse commercial offerings. Designed to capitalize on New York City’s significant holiday-season foot traffic, the initiative will reach American consumers, international tourists, and potential business partners.

The digital showcase will feature pristine beaches, scenic mountains, waterfalls, tea plantations, wildlife, ancient cities, Buddhist heritage, traditional arts, authentic cuisine, and modern attractions, positioning the country as a premier international travel destination. An interactive QR code linking to comprehensive tourism information will also be incorporated, allowing viewers to directly explore travel opportunities.

Beyond destination promotion, the initiative provides Sri Lankan businesses with a vital platform to introduce their products and services to the American market. Enterprises representing Ceylon tea, spices, food products, gems and jewellery, apparel, handicrafts, wellness, hospitality, and tourism will have the opportunity to showcase their brands alongside the broader national campaign.

The Chamber notes that this effort will be particularly beneficial for small and medium-sized enterprises (SMEs) seeking greater international exposure, brand recognition, and commercial partnerships in the United States. By integrating tourism promotion with commercial visibility, the project aims to strengthen Sri Lanka’s international image while supporting trade, investment, and business development.

Operating under the central message of “Discover Sri Lanka. Experience Sri Lanka. Visit Sri Lanka,” the campaign presents the island as a destination defined by natural beauty, cultural richness, distinctive products, and entrepreneurial potential. More information on the initiative is accessible at www.usaslcc.org.

Tourism sector stakeholders have welcomed the move, noting that private-sector-led initiatives of this nature bypass cumbersome bureaucratic procurement procedures and complex tender processes typically associated with state-run promotional campaigns abroad.

The timing aligns with recent national policy discussions regarding tourism promotion. Participating in a Fireside Chat at the inauguration of the Sri Lanka Economic and Investment Summit 2026, organized by the Ceylon Chamber of Commerce, President Anura Kumara Dissanayake emphasized that a proper procurement mechanism needs to be established before acquiring tourism promotional concepts, recommending a performance-based system where agencies are compensated according to verified growth in tourist arrivals.

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Seylan Bank partners Colombo Motor Show 2026 as official banking and leasing partner

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For 10th consecutive year

Seylan Bank PLC, the Bank with a Heart, has reaffirmed its commitment to supporting Sri Lanka’s automotive industry by partnering with the 20th edition of the Colombo Motor Show 2026 as the Official Banking & Leasing Partner for the 10th consecutive year. This makes Seylan Bank the longest-standing partner of the Colombo Motor Show, further reflecting its longstanding association with one of Sri Lanka’s most prominent automotive exhibitions. The four-day exhibition is scheduled to take place from 20th to 23rd November 2026 at the Bandaranaike Memorial International Conference Hall (BMICH), marking the first time the Colombo Motor Show will be held as a four-day event.

As one of Sri Lanka’s leading international motor and motor accessories exhibitions, the Colombo Motor Show will bring together vehicle enthusiasts, prospective buyers, industry professionals and automotive service providers. The 2026 edition is expected to feature over 200 trade stalls covering motor vehicles, accessories, spare parts, lubricants, tyres, batteries, leasing facilities and other motor-related services.

Through its continued partnership, Seylan Bank will showcase a comprehensive range of financial solutions designed to support customers in meeting their personal and business needs, with a particular focus on Seylan Leasing facilities. Visitors to the exhibition will have the opportunity to receive on-the-spot leasing evaluations and expert guidance from Seylan Leasing Specialists, helping them explore vehicle financing options conveniently during the event.

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WCIC sharpens focus on scaling women-owned businesses

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WCIC Office Bearers

The Women’s Chamber of Industry and Commerce (WCIC) is sharpening its focus on helping women entrepreneurs move beyond business creation towards sustainable growth, as it expands its membership, partnerships and advocacy footprint.

WCIC Chairperson Gayani de Alwis, concluding her second tenure, highlighted the Chamber’s efforts had increasingly centered on creating pathways for women to translate entrepreneurial ambition into viable enterprises and, importantly, build those businesses for the longer term.

“Ultimately, our impact is not measured by the number of programmes we conducted, but by the women whose businesses grew, whose voices became stronger, whose horizons expanded and whose contribution to the economy became greater,” she said addressing the WCIC 41st Annual General Meeting (AGM) held on 22 September for which the Chief Guest was Canadian High Commissioner to Sri Lanka and the Maldives Isabelle Martin.

The focus has included a special initiative for female university students with an entrepreneurial mindset, regional chapter initiatives in the Northern Province, capacity-building programmes and the inaugural ‘Beyond Ramp Up’ workshop.

The Chairperson said these initiatives were designed to move women “from aspiration to enterprise, and from enterprise to sustainable growth”, signaling a broader focus on strengthening the progression of women entrepreneurs beyond the initial stages of business formation.

WCIC recorded a 20 percent increase in membership during the period with membership crossing 460 and expanded its ecosystem through a series of strategic partnerships.

Internally, WCIC moved to strengthen its governance framework, revising its Articles of Association to ensure regulatory compliance and introducing a Code of Conduct and Board self-assessment. Clearer organisational roles, job descriptions and performance targets were also introduced as part of efforts to strengthen accountability and professionalise its operations.

Reflecting on her tenure, the Chairperson said the period had been about building a stronger, more connected and professionally governed organisation, while converting its wider ambitions into tangible opportunities for women in business.

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