Business
Investor confidence fails to improve share market’s attractiveness
CSE trading in the early part of yesterday was positive but such momentum petered out during the latter part of the session because investor confidence has not improved the market’s attractiveness.
The Central Bank’s decision to keep policy rates unchanged has also not created a positive impact on the market. Both indices moved downwards. The All Share Price Index went down by 60.4 points, while the S and P SL20 declined by 10.05 points.
Turnover stood at Rs 1.64 billion with five crossings. Those crossings were reported in HNB, which crossed 173,000 shares to the tune of Rs 240 million; its shares traded at Rs 310, VallibelOne 1 million shares crossed for Rs 58.5 million and its shares traded at 310.
Richard Pieris 1.79 million shares crossed for Rs 46.6 million; its shares traded at Rs 26, JKH 2 million shares crossed for Rs 40.2 million; its shares traded at Rs 20.10 and Sampath Bank 260,000 shares crossed for Rs 30.3 million; its shares traded at Rs 121.25.
In the retail market top six companies that have mainly contributed to the turnover were; CCS Rs 135 million (1.64 million shares traded), Commercial Bank Rs 100 million (682,000 shares traded), CT Land Rs 75 million (three million shares traded), Valibel One Rs 68.7 million (1.2 million shares traded), Sampath Bank Rs 67.5 million (5.50 million shares traded) and HNB Rs 57.5 million (183,000 shares traded). During the day 88.2 million share volumes changed hands in 10803 transactions.
It is said that during the day banking sector performed well, especially HNB, and the manufacturing sector was the second largest contributor to the turnover, mainly with JKG and CCS.
Yesterday, the rupee was quoted at Rs 29.40/49 to the US dollar in the spot market, stronger from Rs 296.55/65 on the previous day, dealers said, while bond yields were steady.
A bond maturing on 15.10.2028 was quoted at 10.00/02 percent, down from 10.00/10 percent.
A bond maturing on 15.09.2029 was quoted at 10.20/30 percent, down from 10.25/35 percent.
A bond maturing on 15.10.2030 was quoted at 10.30/40 percent, down from 10.35/50 percent.
A bond maturing on 15.12.2032 was quoted at 10.55/75 percent, down from 10.65/80 percent.
An auction of Rs. 100,500 million Treasury bills was ongoing.
The Central Bank was quoting a rate of Rs 292.3299 for buying and Rs 300.8497 for selling for US dollar telegraphic transfers; 1.9365 buying and 2.0126 selling for Japanese yen for telegraphic transfers; and Rs 376.7046 buying and Rs 390.8964 selling for sterling pound for telegraphic transfers.
By Hiran H Senewiratne
Business
Sri Lanka’s first generative AI‑powered, trilingual insurance assistant
Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.
Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.
For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.
The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.
The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.
The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.
Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)
Business
‘Lanka Tractors returns with a historic Colombo 11 showroom’
Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.
Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.
Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.
The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.
Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.
Business
Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo
The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.
Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.
Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.
Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.
Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .
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