Business
Govt.’s visa announcement gives hotel sector shares a boost
By Hiran H.Senewiratne
The stock market bounced back yesterday as many hotel sector counters performed well and heavy buying interest was noted following the government’s announcement on issuing free visas for 50 countries to enable their bearers to enter Sri Lanka. The target is the tourism sector, stock market analysts said.
Yesterday the stock market kicked off on a negative sentiment but later bounced back after suffering its highest daily loss as investors reacted negatively to the deadlock in external debt restructuring talks, while an element of profit- taking was evident too on the previous day, market analysts added.
Amid those developments both indices moved upwards. The All Share Price Index went up by 38.7 points while S and P SL20 rose by 18.48 points. Turnover stood at Rs 2 billion with two crossings. Those crossings were reported in HNB, which crossed 497,000 shares to the tune of Rs 96.7 million; its shares traded at Rs 194 and T J Lanka 639,000 shares crossed for Rs 23.6 million and its shares sold at Rs 37.
In the retail market top seven countries that contributed to the turnover were; HNB Rs 221 million (1.1 million shares traded), Dialog Rs 177 million (15.4 million shares traded), Lanka IOC Rs 167 million (1.3 million shares traded), Ambeon Holdings Rs 105.3 million (8.5 million shares traded), Capital Alliance Rs 83 million (1.3 million shares traded), Hemas Holdings Rs 71.1 million (873,000 shares traded) and Sampath Bank Rs 66.8 million (848,000 shares traded). During the day 86.4 million shares changed hands in 17750 transactions.
High net worth and institutional investor participation was noted in Lanka IOC, JKH and John Keells Hotels. Mixed interest was observed in Ambeon Capital, Browns Investments and LOLC Finance, while retail interest was noted in Hikkaduwa Beach Resort Rights, Lanka Credit and Business Finance and Industrial Asphalts.
The Banking sector was the top contributor to the market turnover while the sector index lost.
The Diversified Financials sector was the second highest contributor to the market turnover (due to LOLC Finance and Capital Alliance) while the sector index decreased by 2.81 percent. The share price of LOLC Finance recorded a loss of 20 cents to dip to Rs. 5.90. The share price of Capital Alliance declined by Rs. 1.10 to reach Rs. 59.00.
Yesterday the rupee opened steady at Rs 300.00/75 to the US dollar in the spot forex market, dealers said. Bond yields remained broadly steady as well, ahead of the bill auction. A bond maturing on 15.12.2026 was quoted stable at 11.30/35 percent. A bond maturing on 15.12.2028 was quoted stable at 12.10/15 percent.
Business
Asia-Pacific business leaders to accelerate sustainable business action
More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific.
Hosted by UN Global Compact Network Sri Lanka and organized by the UN Global Compact APAC Hub in collaboration with 14 Global Compact Country Networks, the forum strengthened regional collaboration and demonstrated the growing role of business leadership in advancing sustainable and inclusive growth across Asia-Pacific.
More than 80 high-level speakers from across the region contributed to the two-day programme, bringing together expertise from business, finance, government, the United Nations and civil society. The forum also convened an exceptional audience of CEOs, C-Suite, Board Directors, Heads of UN agencies and senior decision-makers, creating one of the region’s most significant platforms for cross-sector dialogue on sustainable business.
Across plenary dialogues, leadership panels and action-oriented workshops, participants explored the issues shaping the future of business in Asia-Pacific, including climate action, sustainable finance, gender equality, resilient supply chains, water stewardship, governance and integrity, digital innovation, human rights due diligence, circular economy solutions and ESG data for decision-making. Rather than focusing solely on ambition, Forward Faster Now challenged businesses to move from broad sustainability goals to target setting, practical decisions, stronger systems and action that can deliver progress at scale.
A defining milestone of the forum was the visit of Sanda Ojiambo, Assistant Secretary-General, CEO and Executive Director of the UN Global Compact. Her presence in Sri Lanka underscored the country’s growing role within the regional sustainability agenda and reinforced the importance of private sector leadership in delivering the Sustainable Development Goals.
Beyond the public programme, her visit included a series of bilateral engagements and strategic convenings with business and institutional leaders, deepening relationships and opening new avenues for engagement between the UN Global Compact and stakeholders in Sri Lanka.
The event also marked the launch of three significant initiatives by UN Global Compact Network Sri Lanka that will extend the impact of the convening well beyond the event itself. The Responsible Business Coalition was introduced as a new partnership to embed sustainability, and strengthen governance by bringing together Sri Lanka’s leading professional and industry associations to embed the Ten Principles of the UN Global Compact into their existing convening, training and thought-leadership channels, moving responsible business from a standalone function to a shared C-Suite and Board responsibility.
Business
Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025
The Sri Lanka Insurance Corporation General Ltd. (SLICGL) team gathered to honour its top-performing sales professionals at the Annual Sales Awards 2025, held under the theme ‘One Team, One Vision’ on 20th August at the Monarch Imperial.
The evening convened sales leaders and high achievers throughout the island to celebrate a year of sustained performance, customer trust, and commitment which has kept SLICGL at the forefront of Sri Lanka’s general insurance sector.
Affirming SLICGL’s appreciation for the people driving success on the ground, the Sales Awards 2025 recognised those who went beyond targets, deepened client relationships, and contributed directly to the company’s continued expansion.
The event drew an unprecedented audience of over 700 participants. This year’s celebrations recognised a record number of winners, more than double the achievements honoured last year covering a diverse range of award categories reflecting excellence at every level of the business.
Nusith Kumaratunga, Chairman, Sri Lanka Insurance Corporation graced the event as the Chief Guest together with the Board of Directors and senior management of SLICGL also present as invited guests, encouraging and commending the winners for their outstanding achievements.
The award winners at this year’s ceremony included Insurance Advisors, Marketing Executives, Branch Managers, Regional Managers, and members of the Head Office Sales Channels, who were recognised and celebrated for their outstanding achievements in multiple categories.
Business
Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia
Sri Lanka is set to host the SEARIC Summit 2026 from 11 to 13 September 2026 at the Pegasus Reef Hotel, marking the first time the country will host the flagship regional gathering of the South East Asia Rotaract Information Centre (SEARIC).
Hosted by Rotaract in Rotary International District 3220 (RID 3220) – Sri Lanka & Maldives, the three-day summit is expected to bring together more than 500 delegates from six countries, creating a regional platform for leadership development, knowledge exchange, cultural understanding and collaboration among young leaders. The South-East Asia Rotaract Information Centre (SEARIC) serves as a regional platform connecting Rotaract districts across South East Asia. It facilitates collaboration, information exchange, cultural understanding and joint initiatives among Rotaractors across the region. The annual SEARIC Summit serves as the network’s flagship gathering, bringing together Rotaractors and Rotarians from participating countries for shared learning, fellowship, cultural exchange and collective growth.
Under the theme “The Role of Technology in the Future of Careers and Services,” SEARIC Summit Sri Lanka 2026 will explore the rapidly changing relationship between technology, careers, leadership and community service. As emerging technologies continue to transform industries and the way people work, the summit will provide a platform for young leaders to examine how technology can be used not only to prepare for the future of work, but also to strengthen the way communities are served. Across three days, delegates will participate in leadership and professional development sessions, discussions, cultural experiences, networking opportunities and community-focused programming, with the central theme reflected throughout the summit programme.
Beyond the Rotaract movement, the event also contributes to Sri Lanka’s broader positioning as a destination for international conferences, youth leadership programmes and regional collaboration. With hundreds of international delegates travelling to the country, the summit provides an opportunity to showcase Sri Lanka’s hospitality, culture and potential as a host destination for future international gatherings. The event further creates a platform for young leaders from across South East Asia to connect with Sri Lankan counterparts, exchange ideas and explore opportunities for cross-border collaboration.
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