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LOLC Group contributes more than 30 percent to CSE turnover

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By Hiran H.Senewiratne

The LOLC Group of companies contributed more than 30 percent to the CSE’s turnover yesterday and moved the stock market to positive territory. Mainly LOLC Finance, followed by Browns Investments, contributed to the market’s vibrancy, market analysts said.

LOLC Finance’s shares became the most preferred stocks among local and foreign investors. The LOLC Finance share price appreciated by 12.5 percent or 80 cents. Its share price shot up to Rs 7.20 from Rs 6.40.

The All Share Price Index went up by 75.2 points while S and P SL20 rose by 44.4 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in Hemas Holdings, which crossed 250,000 shares, which were worth Rs 82.50 a share, to the tune of Rs 20.6 million.

In the retail market top seven companies that mainly contributed to the turnover were; LOLC Finance Rs 231.3 million (34 million shares traded), Browns Investments Rs 101 million (17.8 million shares traded), Lanka Milk Food Rs 96 million (3.1 million shares traded), Capital Alliance Rs 76.3 million (1.2 million shares traded), Commercial Bank Rs 58.8 million (555,000 shares traded), LOLC Rs 57.2 million (133,000 shares traded) and Softlogic Holdings Rs 49.8 million (4.1 million shares traded). During the day 114 million share volumes changed hands in 17435 transactions.

Yesterday the US dollar buying rate was Rs 297, while the selling rate was Rs 306.45. The overall rate of inflation as measured by the National Consumer Price Index decreased to 2.5 percent in March, compared to 5.1 percent in February 2024.



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The Kingsbury, Colombo Appoints Nandana Wirasinha as GM

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The Kingsbury announced on Friday the appointment of Nandana Wirasinha as its new General Manager. This pivotal appointment heralds an exciting chapter in the hotel’s journey as it continues to redefine excellence and innovation in Sri Lanka’s luxury hospitality landscape.

Wirasinha brings with him nearly three decades of international hospitality experience, having held senior leadership roles with some of the world’s most esteemed hotel brands. His distinguished career spans all facets of hotel management, including operations, revenue strategy, guest engagement, culinary excellence and operational efficiency. Of particular note are his accomplishments at Jumeirah Hotels & Resorts in Dubai and Abu Dhabi, where he played a key role in delivering benchmark-setting service and guest satisfaction.

Renowned for his ability to build high-performing teams and drive sustained revenue growth, Wirasinha has a proven track record of elevating service standards across the board. During his tenure in the UAE, he led multiple award-winning restaurants in Abu Dhabi, four of which received the coveted Triple Black Hat status in the prestigious ‘What’s On Abu Dhabi Black Hat Guide’—widely considered the region’s equivalent of the Michelin Guide. His leadership has consistently translated into enhanced guest satisfaction, operational excellence, and outstanding business performance.

A committed lifelong learner, Wirasinha is an alumnus of Cornell University with a Certificate in Hotel Real Estate Investment and Asset Management. He also holds an Associate of Arts Degree in Tourism and Hospitality from The Emirates Academy, has completed the Cornell CXO Leadership Programme, and is currently pursuing a Master’s in Business Management at the Postgraduate Institute of Management, Sri Lanka.

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ComBank launches timely vehicle leasing promotion

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As new vehicles begin arriving in the country after a lapse of several years, the Commercial Bank of Ceylon has announced it will support the aspirations of vehicle buyers with an attractive leasing package for a limited duration.

The Bank said it would offer special interest rates, customized payment plans, discounts on first-year insurance premiums, a waiver of 50% on commission fees with a minimum charge of Rs 10,000 on Letters of Credit opened, and a free credit card with joining fee and the first year’s annual fee waived off, for leasing facilities obtained before 31st May 2025.

Quick and hassle-free approval of leasing facilities and special discounts on vehicle spare parts would also be part of the package for these customers, the Bank said. These special benefits would apply to leases of unregistered vehicles.

Commercial Bank offers one of the lowest rentals on vehicle leases, Rs 1,598 for every Rs 100,000 for a seven-year lease.

Commercial Bank leasing customers have the option of tailor-made leasing options that suit individual income patterns, via the Bank’s Super Leasing and Hybrid Leasing facilities.

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Sri Lankan F&B Exporters Participate in Toronto trade show

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More than 15 Sri Lankan food and beverage export companies participated in the SIAL Canada 2025 trade show held at Enercare Exhibition Centre, Toronto, from April 29 to May 1, the SL consulate in Toropnto said.

SIAL Canada is one of the major annual trade shows in the food and beverage sector in Canada, attracting over 1,000 exhibitors and brands from 44 countries, with more than 21,000 professionals from 77 countries in attendance, and representation from all Canadian provinces.

The Consul General visited the trade show and met with the representatives of Sri Lankan companies supporting their efforts to expand their business network with key supply chains and leading retail business entities in the Canadian market.

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