Business
Government’s decision on ISBs continues to boost bourse; turnover hits Rs 5 billion
By Hiran H.Senewiratne
The stock market registered a considerable boost yesterday with both market indices moving upwards in the wake of positive developments relating to a decision by the government to issue new bonds to replace existing ISBs.Accordingly, the All Share Price Index went up by 114.5 points while S and P SL20 rose by 41.97 points.
Turnover stood at Rs 5 billion with ten crossings. Those crossings were reported in Sampath Bank, which crossed 16.75 million shares to the tune of Rs 1.6 billion and its shares traded at Rs 99, JKH 11.2 million shares crossed for Rs 224 million and its shares traded at Rs 20, HNB 755,000 shares crossed for Rs 179 million; its shares sold at Rs 234, LB Finance 1.1 million shares crossed to the tune of Rs 87.9 million; its shares traded at Rs 79.50, Royal Ceramic 1.8 million shares crossed to the tune of Rs 59.4 million; its shares traded at Rs 33, DFCC 400,000 shares crossed for Rs 35.2 million; its shares sold at Rs 88, Commercial Bank 260,000 shares crossed for Rs 31.9 million; its shares fetched Rs 123, NTB 166,000 shares crossed to the tune of Rs 21.6 million; its shares traded at Rs 154, Hemas Holdings 300,000 shares crossed at Rs 83 a share and Agalawatte Plantations 635,000 shares crossed to the tune of Rs 23.8 million; its shares traded at Rs 37.50.
In the retail market top six performing companies that contributed to the turnover were; Sampath Bank Rs 301.9 million (3.1 million shares traded), JKH Rs 184 million (9.1 million shares traded), Citrus Leisure Rs 123 million (28.2 million shares traded), Hemas Holdings Rs 114 million (1.3 million shares traded), Beruwala Resorts Rs 110 million (28.9 million shares traded) and HNB Rs 97.4 million (416,000 shares traded). During the day 217 million share volumes changed hands in 21000 transactions.
It is said that the banking sector was the largest contributor to the turnover, especially with the Sampath Bank crossing and retail transactions while the manufacturing sector was the second largest contributor for the turnover, especially with the JKH performance.
Ambeon Holdings PLC said it bought 23.274 million voting shares of Seylan Bank which was a 7.63 percent stake.
The shares were paid between Rs 58-60 a share, Ambeon Capital said in a stock exchange filing describing it as a strategic investment. Ambeon Holdings is a subsidiary of Ambeon PLC.
Yesterday, the rupee was trading stronger at Rs 290.95/291.05 to the US dollar from Rs 291.00/10 to the US dollar on the previous day, dealers said, while bond yields held steady.
A bond maturing on 15.12.2027 was quoted stable at 10.25/35 percent. A bond maturing on 01.05.2028 was quoted at 10.50/60 percent. A bond maturing on 15.09.2029 was quoted at 10.90/95 percent, up from 10.80/90 percent.
Business
A sustained wave of Indian assistance to Sri Lanka showcases defining shift in developmental diplomacy
By Sanath Nanayakkare
An evolving approach to regional diplomacy was brought into sharp focus with the recent foundation-laying ceremony for the Moragahakanda Bridge in Matale.
Jointly launched by Indian High Commissioner Santosh Jha and Minister of Transport, Highways and Urban Development Bimal Rathnayake, this 175-metre span is far more than a routine civil engineering project. It serves as the physical manifestation of a broader USD 450 million reconstruction package deployed by India in the wake of Cyclone Ditwah, which severely fractured the island’s transport arteries.
Foreign aid is too often discussed in cold, macroeconomic abstractions. Yet, every so often, a consistent pattern of targeted assistance alters the landscape of bilateral relations, offering a clear window into how regional partnerships evolve out of necessity and goodwill.
Across the country today, a remarkable narrative of multi-layered cooperation is unfolding.
From critical post-disaster infrastructure and maritime routes to grassroots agricultural uplift and institutional capacity-building, India’s developmental footprint is shifting unmistakably toward an organic, people-centric model of shared resilience.
What distinguishes this latest wave of assistance is its deliberate pivot from emergency support to permanent, climate-resilient transformation. When Cyclone Ditwah initially paralysed regional connectivity, India’s immediate response was marked by the rapid deployment of temporary Bailey bridges.
Today, that swift humanitarian intervention has matured into a structural blueprint: the Moragahakanda project stands as the vanguard of 13 permanent bridges being built across Sri Lanka’s provinces by IRCON International Limited, complemented by upcoming railway upgrades and modern signaling systems backed by a USD 250 million Line of Credit.
The true signature of this diplomatic shift lies in its breadth, operating simultaneously across multiple tiers of society:
Institutional Governance: Delegations of Sri Lankan parliamentarians and senior administrative officers regularly travel to India to study public policy frameworks, legislative systems, and administrative practices.
Economic Lifelines: Financial mechanisms, such as viability gap funding for the Nagapattinam-to-Kankesanthurai passenger ferry service, continue to shrink geographical distances, reviving coastal commerce and tourism.
Grassroots Empowerment: Specialised capacity-building programmes tailored for local stakeholders – ranging from state officials to rural dairy farmers -ensure that development reaches deep into the island’s hinterlands.
By aligning immediate disaster relief with long-term infrastructure, institutional capacity, and human capital, India and Sri Lanka are demonstrating how neighbours can build safer, more connected futures together, grounded firmly in mutual respect and tangible progress.
Business
Bring your own bag to book fair, CEA urges
By Ifham Nizam
The Central Environmental Authority (CEA) yesterday urged visitors to the Colombo International Book Fair to bring reusable bags to carry their purchases, as part of a drive to reduce single-use plastic waste at the event.
CEA Director General R. S. P. Kapila Rajapaksha said large quantities of plastic, particularly “sili sili” bags, had been used to carry books at previous book fairs.
“We urge visitors to bring an environmentally friendly, reusable bag when they come to buy books. This simple step can help reduce the use of single-use plastic and protect the environment,” Rajapaksha said.
The book fair opens on September 25, with the CEA and the Sri Lanka Book Publishers’ Association launching an awareness programme targeting book sellers, food vendors and visitors.
The programme will be conducted under the theme “Read Smart, Carry Smart”, focusing on reducing polythene and plastic use throughout the exhibition.
The CEA said the use of plastic bags is also subject to regulations issued under the Consumer Affairs Authority Act. Gazette Extraordinary No. 2456/41, dated October 1, 2025, prohibits the free distribution of handled “sili sili” bags to consumers. Where such bags are sold, the charge must be included in the customer’s bill.
The CEA said food outlets at the book fair would also be required to comply with regulations prohibiting a range of single-use plastic products.
These include plastic straws and stirrers, disposable plastic plates, cups, spoons, forks and knives, as well as polythene-based food wrappers commonly known as lunch sheets.
The CEA said it had discussed the requirements with relevant stakeholders and reached agreement to ensure that prohibited products are not used at food outlets within the exhibition premises.
The authority urged both traders and visitors to cooperate with the initiative and help make this year’s book fair a more environmentally responsible event.
Business
Japanese investor Yoshimichi Watanabe backs Hunas Holdings
Partnership signals renewed foreign investor confidence in Sri Lanka as a destination and in the long-term growth of its hospitality sector
Japanese investor Yoshimichi Watanabe has entered into a partnership with Colombo Stock Exchange-listed Hunas Holdings PLC, in a move that comes as the diversified conglomerate prepares a significant expansion of its hospitality and real estate interests in Sri Lanka.
The partnership brings foreign capital and international market experience into one of Sri Lanka’s fastest-diversifying listed groups at a point when the Group is actively building out its pipeline across both sectors. Hunas Holdings is currently evaluating a series of hospitality and real estate developments in Sri Lanka, with further announcements expected in the coming months.
Hunas Holdings PLC operates across hospitality and leisure, real estate, renewable energy and agriculture, with a hotel portfolio that includes Hunas Falls in Elkaduwa
For Sri Lanka, the significance of the partnership extends beyond the two parties. Inbound investment of this nature, from an investor with direct and sustained experience of the market, is a measure of returning confidence in the country as a destination and in the underlying fundamentals of its hospitality sector, at a time when the industry is repositioning towards higher-value, experience-led travel.
Watanabe brings investment experience across e-commerce, hospitality and real estate in Japan and in international markets including Bali, Indonesia. He has also maintained a relationship with Sri Lanka over many years, having made multiple investments in the country, giving him first-hand insight into its business environment, regulatory landscape and long-term potential.
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