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Hayleys Group subsidiaries’ shares highest traded at CSE

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by Hiran H. Senewiratne 

Three leading subsidiaries of the Hayleys Group became the highest traded companies in the CSE yesterday. Hayleys, Haycarb and Dipped Products were those companies that were heavily traded ahead of a subdivision of their shares on February 10, stock market analysts said.

Among the three companies, Haycarb shares appreciated by 29 percent or Rs. 371. Its shares started trading at Rs. 1268 and at the end of the day they moved to Rs. 1640. Recently, the Hayleys Group announced to go for a subdivision of its shares in several subsidiaries, to increase market capitalization, analysts said.

Meanwhile, the market was rather sluggish and selling pressure was mainly noted in tile sector counters and in the LOLC Group. Tile sector counter witnessed selling pressure with speculation that tile importers were seeking presidential intervention to lift the import restriction to prevent a tile shortage in the country. This move has created some negative perception for local tile companies analysts said. Further, LOLC share prices begun to stabilize yesterday following the fast rally on its shares during the last few weeks, market sources said.

Amid those developments both indices moved downwards. The All Share Price Index went down by 127.11 points and S and P SL-20 declined by 62.79 points. The turnover stood at Rs. 4.8 billion without a single crossing. In the retail market, top five contributors to the turnover were, Haycarb Rs. 608 million (392,000 shares traded), Expolanka Rs. 443.4 million (8.1 million shares traded), Dipped Products Rs. 420 million (567,000 shares traded), LOLC Rs. 299 million (667,000 shares traded) and Sampath Bank Rs. 297 million (1.7 million shares traded). During the day 142.8 million share volumes changed hands in 34361 transactions. 

Stock trading volumes in the first 22 days of 2021 had exceeded the annual trading volumes seen in 2012, 2013, 2016, 2017, 2018 and 2019, the Colombo Stock Exchange said.

Sri Lanka rupee quoted steady around 193.00/195.00 levels in the spot market on Monday, while bond yields remained unchanged in dull market trade, dealers said. The rupee closed wide 193.70/194.25 to the US dollar on Friday. In the secondary market, bond yields remained flat in dull market trade, dealers said.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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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.

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Industry bodies flag gaps in Draft National Electricity Policy

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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.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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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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