Business
High manufacturing costs having negative impact on CSE
By Hiran H.Senewiratne
CSE trading started on a positive note yesterday but did not sustain its momentum due to unfavourable macro- economic conditions. High global prices are worrying stock market investors because they tend to increase manufacturing costs, stock market analysts said.
High oil prices are putting pressure on the economy since Sri Lanka needs to pay a US $ 554 oil bill next month and is now left with only US $ 100 million from the Indian credit line. Therefore, the government has to look for another credit arrangement to find the balance payment of US$ 454 million. This has created some worries for stock market investors, market analysts said.
Analysts said that the market is extremely volatile with news of impending taxes weighing heavily on it. Moreover, an announcement made by the World Bank of a US $ 70 million disbursement for Sri Lanka and positive quarterly results/earnings in some companies did not considerably impact yesterday’s stock market, analysts added.
Amid those developments both indices showed a downward trend. The All-Share Price Index went down by 84.2 points and S and P SL20 declined by 17.91 points. Turnover stood at Rs 1.39 billion with a single crossing. The crossing was reported in HNB, which crossed 1.5 million shares to the tune of Rs 120 million; its shares traded at Rs 78.
In the retail market, top seven companies that mainly contributed to the turnover were; Browns Investments Rs 404 million (38.5 million shares traded), Expolanka Holdings Rs 156 million (698,000 shares traded), Melstacorp Rs 96.8 million (2.3 million shares traded), JKH Rs 69 million (555,000 shares traded), LOLC Finance Rs 65.8 million (6.8 million shares traded), Seylan Bank (Non- Voting) Rs 57.2 million (3.1 million shares traded) and Lanka IOC Rs 46 million (794,000 shares traded). During the day 130 million share volumes changed hands in 13000 transactions.
Yesterday two major companies showed some price appreciations due to positive quarterly earnings. Those two entities were; Aitkens Spence whose shares appreciated by 12 per cent or Rs 9.10. Its shares shot up to Rs 82.10 from the previous price of Rs 73 and Melstacorp share prices appreciated by seven per cent or Rs 2.80. Its share price moved to Rs 43.60 from Rs 40.80.
Sri Lanka’s commercial banks quoted the dollar at Rs 365.7 against telegraphic transfers yesterday while in Central Bank interbank spot trade it was at Rs 360.7 under a daily guidance rate.
Commercial banks were quoting Rs 355.7/365.7 for telegraphic transfer dollars yesterday, up from Rs 354.5/364.5 on Friday. Yesterday the Central Bank guidance margin was set at plus Rs 1.00 or minus Rs 4.00.
Business
Dialog Brings the ICC Men’s T20 Cricket World Cup 2026 Closer to Sri Lankans
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, hosted an event to mark the ICC Men’s T20 Cricket World Cup 2026, bringing together stakeholders and cricket enthusiasts as Sri Lanka looks ahead to one of the world’s most anticipated sporting events.
Over the years, Dialog has played an enduring role in supporting sport in Sri Lanka, with cricket at its core, enabling access to the game through partnerships and nationwide initiatives, reflecting its commitment to Powering the Passion of the Nation. Against this backdrop, securing the ICC media rights in Sri Lanka for the 2026–2028 period represents an important milestone in Dialog’s ongoing journey of bringing the world’s leading cricket tournaments to Sri Lankan audiences.
The event was attended by representatives from the Sports Ministry, Sri Lanka Cricket, the media, and the corporate sector, alongside former and current national cricketers. It recognised Sri Lanka’s proud cricketing legacy and the deep-rooted following the game enjoys among fans, while underscoring the scale and significance of the ICC Men’s T20 Cricket World Cup 2026 for local audiences.
As anticipation builds towards the tournament, the ICC Men’s T20 Cricket World Cup trophy was ceremonially showcased during the event, offering those present a closer look at a widely recognised symbol of the competition.
S.Achhudan, Director General of Sports said, “Sport plays an important role in strengthening national unity and identity. Public–private partnerships, such as Dialog’s continued support for cricket, are important in sustaining the sports ecosystem and in enabling broad public access to major international sporting events.”
Commenting on the occasion, Supun Weerasinghe, Director / Group Chief Executive of Dialog Axiata PLC, said, “Cricket holds a special place in Sri Lanka, with a following that spans generations and communities. Global tournaments such as the ICC Men’s T20 Cricket World Cup are events that fans look forward to and remember. At Dialog, our focus is to play a meaningful role in enabling these experiences — ensuring Sri Lankans can follow the game across platforms, with the quality, reliability, and reach it deserves.”
Sharing his views on the collaboration, Mr. Bandula Dissanayake, Honorary Secretary of Sri Lanka Cricket, said, “The ICC Men’s T20 Cricket World Cup is a major event for the sport and for cricket-loving nations such as Sri Lanka. With Dialog as the ICC media rights holder in Sri Lanka for the 2026–2028 period, this collaboration supports strong engagement around the tournament and reflects the scale of interest cricket continues to enjoy across the country.”
Sri Lankan fans will be able to follow the ICC Men’s T20 Cricket World Cup 2026 on Dialog Television and the Dialog Play App, alongside a free-to-air broadcast partnership with Supreme TV, ensuring wide access to the tournament.
Business
‘Notable drop in SL’s 2025 tourism sector earnings compared to those of 2018’
The revenue that was earned from the tourism sector in 2025 was US $ 3.2 billion, which is a significant drop compared to the 2018 figure , which is US$ 4.3 billion, a top tourism sector specialist said.
‘Comparatively there is a revenue deficit of US $ 1.2 billion, which we cannot be satisfied with at any cost, ‘Island Leisure Lanka’ founder chairman Chandana Amaradasa said.
Amaradasa made these observations at a Rotary Club joint meeting organised by Rotary Club Colombo South, featuring also the Rotary Clubs of Kolonnawa and Sri Jayawardenapura, at the Kingsbury Hotel on Tuesday.
Amaradasa added: ‘To develop the tourism sector the government has to do many things which previous governments comprehensively failed to take up.
‘The revenue that comes from the local tourism sector is four to five percent of the GDP, while in Dubai it is more than 45 percent of the GDP.
‘At present the country has 51000 rooms, out of which not more than 10000 rooms are at the four to five star level. Of that number 6000 rooms are located in Colombo, which is a major issue for tourism promotion in tourism potential areas.
‘Sri Lanka should focus on high quality standards in tourism and also develop the East Coast with the necessary infrastructure; especially having an international airport is absolutely necessary.
‘Colombo could be developed as a MICE tourism hub in the region. But not having an international level conference/convention hall is a another bottle neck in promoting that market as well.’
By Hiran H Senewiratne ✍️
Business
A Record Year for Marketing That Works: SLIM Effie Awards Sri Lanka 2025 crosses 300+ entries
The Sri Lanka Institute of Marketing (SLIM) announces a defining milestone for the country’s marketing, advertising, and creative sectors, as Effie Awards Sri Lanka 2025 records the highest number of entries in its history, crossing 300+ submissions. The unprecedented response reflects a stronger, more confident industry, one that is increasingly committed not only to bold creativity, but to creativity that can prove its value through measurable business and brand outcomes.
Now in its 17th year in Sri Lanka, the Effie Awards remain the most recognised benchmark for marketing effectiveness, honouring campaigns that bring together creative excellence, strategic discipline, and results. As the industry evolves, the Effies have become a space where the agency community, brand teams, media and creative partners are collectively challenged to raise the bar, moving beyond attention and awards, toward work that drives growth, shapes behaviour, and delivers real impact.
The record volume of entries this year also signals a healthy shift in the market: more brands and agencies are willing to be evaluated against rigorous effectiveness criteria, and to put forward work that demonstrates clear thinking, strong execution, and proof of performance. SLIM notes that this momentum highlights the expanding role of marketing and advertising in Sri Lanka, not simply as communication, but as a strategic driver of competitiveness and value creation.
SLIM confirms that the judging process will commence soon, guided by the established Effie evaluation framework that assesses entries on insight, strategy, execution, and measurable outcomes. The Grand Finale is scheduled for end-February 2026, where Sri Lanka’s most effective marketing work will be recognised on a national platform.
For inquiries, entries, and sponsorship opportunities, please contact the SLIM Events Division: +94 70 326 6988 | +94 70 192 2623.
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