Business
News of USD 100 million hospital project boosts Asiri Hospital shares
By Hiran H.Senewiratne
Asiri Hospital Holdings’ shares appreciated by five per cent yesterday following news of the launching of a US $ 100 million hospital project within the Port City Colombo premises by the company, market analysts said.
The Softlogic Group said a lease agreement was entered into for a hospital with a “500 plus bed capacity, with an estimated investment of US $ 100 million” within Port City, in line with the master plan of Colombo’s China- backed Port City Economic Commission.
“The proposed hospital will be one of the four main strategic and large-scale social infrastructure development projects identified within PCC, sources said.
Meanwhile, Blue Diamonds Jewellery Worldwide PLC (BDJW), the only listed jewellery company at the CSE, has been able to lift the suspension on the trading of its shares after showing positive revenue growth and reduced losses for the nine-month period ending on December 31, 2022.
The CSE said the trading suspension imposed on Blue Diamonds has been lifted as the company has resolved the Emphasis of Matter on Going Concern in the Independent Auditors Report.
Amid those developments, the CSE indicated dull sentiments yesterday due to the festive season. Both indices, the turnover level and investor participation did not reach satisfactory levels. Therefore, shares edged- down in mid- day trade , with stable levels of turnover generated through selling pressures as the market continues amid fears of domestic debt restructuring, an analyst said.
Both indices were down. The All- Share Price Index went down by 60.37 points and S and P SL20 declined by 23.55 points. Turnover stood at Rs 1.14 billion with one crossing. The crossing was reported in JKH, which crossed 430,000 shares to the tune of Rs 58.1 million; its shares traded at Rs 135.
In the retail market, top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 230 million (1.3 million shares traded), Dialog Rs 130.6 million (12.2 million shares traded), JKH Rs 79.6 million (589,000 shares traded), Tokyo Cement (Non- Voting) Rs 65.3 million (1.3 million shares traded), Aitken Spence Rs 63.3 million (487,000 shares traded), Browns Investments Rs 34 million (5.6 million shares traded) and Tokyo Cement (Voting) Rs 31.1 million (616,000 shares traded), During the day 58.4 million share volumes changed hands in 13000 transactions.
“Banks are declining in value, scrip dividends and new shares are being listed, prices are being readjusted down, which is why the counter is running on a decline, an analyst said.
It is said that high net worth and institutional investor participation was noted in JKH and Lanka IOC. Mixed interest was observed in Dialog Axiata, Expolanka Holdings and Asiri Hospital Holdings, while retail interest was noted in Browns Investments, Marawila Resorts (rights) and SMB Leasing non-voting.
The Transportation sector was the top contributor to the market turnover (due to Expolanka Holdings), while the sector index gained 6.38 per cent. The share price of Expolanka Holdings increased by Rs. 10.50 (6.39 per cent) to Rs. 174.75.
The Capital Goods sector was the second highest contributor to the market turnover (due to JKH and Aitken Spence) while the sector index decreased by 0.62 per cent. The share price of JKH lost Rs. 2.25 to register Rs. 135.25. The share price of Aitken Spence recorded a gain of Rs. 1.75 to reach Rs. 129.75.
Yesterday the Central Bank’s US dollar buying rate was Rs 312.41 and the selling rate Rs 327.46.
Business
Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle
Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.
The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.
“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.
According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.
“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.
The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.
They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.
Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.
“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.
They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.
“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.
In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.
The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.
By Hiran H Senewiratne
Business
Refurbished AAC Call Box declared open
The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.
The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).
The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.
Call Technical Officer Sampath Madagama on 0767315696.
Business
Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story
As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.
Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.
Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.
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