Business
Low bank interest rates encouraging people to invest in bourse – top CSE official
By Hiran H.Senewiratne
Low bank interest rates are encouraging people to invest in the CSE. This has resulted in a boom in the market, a top CSE official said.
“Today, the total bank deposit amounts to Rs. 10 trillion and most people are looking at investing their funds in high yielding avenues because bank interest rates are around four to five percent. Therefore, investing in the CSE has become the best option, CSE – Head-Market Development Niroshan Wijesundara told The Island Financial Review.
He said people have changed their investment options to the CSE. Owing to that when compared to 2019 in 2020 investor participation has increased by 51 percent. Further, most stocks are undervalued and the people are taking that advantage as well, Wijesundara said.
According to Wijesundera market capitalisation at the CSE from 1st to 21 January touched Rs. 3699.7 billion. ‘It is a clear indication that there is a big boom in the market, he said.
Amid those developments, the All Share Price Index increased by 230.92 points to 8694.35 yesterday while S and P SL20 increased by 207.12 or 625 percent to 3519.47. The turnover stood at Rs. 14.99 billion with ten crossings. Those crossings were reported in TJ Lanka, where 4.8 million shares crossed for Rs. 214 million, its shares traded at Rs. 45, HNB (Non Voting) 1.4 million shares crossed for Rs. 172 million and its shares traded at Rs. 125, Commercial Bank 1.1 million shares crossed for Rs. 109 million, its shares traded at Rs. 103, JKH 615,000 shares crossed for Rs. 105.2 million and HNB (Voting) 406 million shares crossed for Rs. 58.9 million and its shares traded at Rs. 145.
Meanwhile, Ceylon Cold Stores 43,400 shares crossed for Rs. 31.5 million, its shares traded at Rs. 725, Lion Brewery 45000 shares crossed for Rs. 26.6 million, its shares trading at Rs. 590, Sampath Bank161,000 shares crossed for Rs. 26.5 million, its shares traded at Rs. 165, Hayleys 26000 shares crossed for Rs. 20.8 million, its shares trading at Rs. 800 and Expolanka 350,000 shares crossed for Rs. 20.5 million, its shares fetching Rs. 58.50.
In the retail market top five contributors to the turnover were; Expolanka Rs. 1.8 billion (29.9 million shares traded). LOLC Rs. 1.64 billion (4.3 million shares traded), JKH Rs. 1.13 billion (6.3 million shares traded), Dipped Products Rs. 887 million (1.4 million shares traded) and Industrial Asphalts Rs. 710 million ( 635 million shares traded). During the day 996 million share volumes changed hands in 67878 transactions.
During the day banking sector counters noted significant appreciation of their stocks and several index heavy companies such as, JKH, Dipped Products and Melstacorp showed significant appreciation in their stocks.
Sri Lanka’s rupee quoted firmer around 196.50/198 to the US dollar in spot next market on Monday while bond yields remained unchanged, dealers said. Rupee last closed around 197/200 in the spot-next market on Friday against the greenback with deals done around 198 levels, market participants said. There were spot interventions at 195.50 levels.
Business
Cross-border supply chains seen as key to new business opportunities
By Ifham Nizam
Australian High Commissioner to Sri Lanka Matthew Duckworth described Omega Traders’ latest investment in a modern dhal-processing facility as a strong example of how cross-border supply chains can translate into productive investment, local value addition and new business opportunities in Sri Lanka.
The investment, which adds a 150-metric-tonne-per-eight-hour-day processing capacity to Omega Traders’ operations, marks a significant expansion of the company’s manufacturing footprint as it celebrates 45 years in Sri Lanka’s food commodity industry.
Speaking at the inauguration of the new Lentil and Orid Dhal Processing Factory in Wattala, last Friday, H.C. Duckworth said the facility represented more than an increase in production capacity, pointing to the wider economic value created when Australian agricultural production is connected with Sri Lankan processing and distribution.
‘This facility is not operating on its own. It is part of a long supply chain and a trade partnership between Sri Lanka and Australia, Duckworth said.
His comments placed the Omega Traders’ investment within a broader commercial context: Australia brings agricultural production and established export capabilities, while Sri Lanka provides processing capacity, labour, market access and opportunities for further value addition.
The investment comes as Sri Lanka continues to look towards greater domestic processing and value-added manufacturing rather than relying solely on the import and distribution of finished commodities.
Dr. (Mrs.) Siddhika G. Senaratne, Director General/CEO of the Sri Lanka Standards Institution (SLSI), who attended the inauguration as Guest of Honour, highlighted the importance of quality assurance in food processing and the role of standards in maintaining confidence across the supply chain.
The facility is equipped with new-generation cleaning, processing, sorting and quality-control machinery, including advanced colour-sorting technology, automated systems and an in-house quality-control laboratory.
The additional capacity will support Omega Traders’ three principal Mysoor Dhal brands — Rainbow Jumbo Dhal, Komas Dhal and Rozanna Dhal — which serve different segments of the Sri Lankan market.
But the investment also has a distinctly local agricultural dimension.
Through its Orid Dhal operation, Omega Traders plans to source locally grown black matpe from Sri Lankan farmers and process it at the new facility.
That creates a domestic value chain linking farmers to industrial processing and consumers, while potentially increasing demand for locally produced agricultural commodities.
Duckworth said this type of business partnership could generate benefits for both countries.
‘Australia produces some of the world’s best agricultural products and we are very efficient and very capable at trading them. But that alone is not going to bring success to Australia. Just as building a factory like this is not going to bring success to Sri Lanka, he said.
‘It’s when we bring these entities together that our products produced in Australia can be processed in excellence here in Sri Lanka that enables this to be a success, the H.C. explained.
The investment therefore combines two complementary supply streams: imported agricultural commodities, including Australian-origin products, and locally produced black matpe for the Orid Dhal operation.
For Sri Lanka, the business significance extends beyond Omega Traders itself. Increased processing capacity creates demand for logistics, packaging, distribution, services and agricultural inputs, while supporting employment within the food-processing ecosystem.
Business
Ideal Motors makes history with multiple workplace excellence accolades
HR-led transformation places people, culture and business performance at the heart of the organisation
Ideal Motors (Pvt) Ltd,has achieved a significant milestone by securing multiple prestigious workplace and organisational culture accolades in 2026, reinforcing its position as an employer of choice in Sri Lanka’s automotive sector.
Among its latest achievements, Ideal Motors has been recognised as one of the 20 Great Workplaces for Young Talent in Sri Lanka 2026, ranked No. 1 and awarded the Gold Medal in the Small and Medium category of Best Workplaces™ in Sri Lanka 2026, and ranked No. 18 among Best Workplaces™ in Asia in the Medium Scale category—the highest-ranked Sri Lankan organisation in the category. The company also received Industry Excellence for Workplace Culture – Trading Industry.
The Young Talent recognition was presented at the Great Place To Work® CXO Forum 2026 held on 10 September 2026 at Cinnamon Life, Colombo. The recognition followed an evaluation of more than 100 certified organisations and highlights workplaces that create meaningful opportunities for employees under 35 to develop, contribute and grow.
At the Best Workplaces™ in Sri Lanka Awards Gala 2026, held on 11 September 2026 at Cinnamon Life, Colombo, Ideal Motors achieved another historic milestone by entering the Best Workplaces Sri Lanka list for the first time and securing the No. 1 Gold Medal in the Small and Medium category. The company also achieved No. 18 in Best Workplaces™ in Asia, reflecting the strength of its workplace culture beyond Sri Lanka.
These achievements represent more than a collection of awards. They reflect the transformation taking place within Ideal Motors, where people, culture and business performance are increasingly viewed as interconnected drivers of sustainable growth.
Over the past few years, the organisation’s HR function has evolved from a predominantly administrative role into a strategic business partner, with greater emphasis on employee experience, capability development, engagement, performance, communication, wellbeing, diversity and inclusion, and data-driven HR practices.
Business
AAC takes seat belt safety message to Colombo motorists
The Automobile Association of Ceylon (AAC) conducted a seat belt safety awareness programme in front of its headquarters and along Galle Face Centre Road, encouraging motorists and passengers to make seat belt use a habit on every journey.
AAC staff, working alongside officers of the Sri Lanka Police Traffic Division, distributed specially designed hanging tags and stickers to drivers. The material carries a clear reminder that seat belts protect drivers as well as passengers in both the front and rear seats.
The public awareness drive was held ahead of the requirement taking effect on 20 September 2026, under which seat belt use becomes mandatory for every occupant of a vehicle travelling on an expressway.
AAC emphasized that the regulation should be understood as a life-saving measure rather than only a legal obligation. Wearing a seat belt can help prevent occupants from being thrown inside or from a vehicle during a collision and can lessen the severity of injuries.
The Association said road safety legislation must be supported by sustained public education, visible enforcement and responsible behaviour by all road users. The participation of the Traffic Police helped the campaign reach motorists directly in a busy part of central Colombo.
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