Business
Oil price worries negatively impact share market
By Hiran H.Senewiratne
The CSE weakened further yesterday with indices declining amid lower turnover as investor sentiment turned bearish due to budgetary worries and month- end profit- takings. But stock market analysts worried over the possibility of world oil prices going up in future because the Organization of Petroleum Exporter Countries (OPEC) had decided to cut global oil supplies.
Shares slipped over 1 per cent in mid-day trade for the second day and indices remained in negative territory amid moderate turnover as investors awaited cues on next week’s budget, which is expected to pave the way for huge tax impositions. An increase in oil prices adds insult to injury, stock market analysts said.
Amid those developments both indices moved downwards. The main All Share Price Index fell approximately 2.3 per cent or 183.16 points to 8828.08 and the most liquid index slipped 2.92 per cent or 85.93 points to 2,858.57. Turnover stood at Rs 2.1 billion with two crossings. Those two crossings were reported in Windforce PLC, which crossed seven million shares to the tune of Rs 122.5 million, its shares traded at Rs 17.50 and Chevron Lubricants 450,000 shares crossed to the tune of Rs 42 million, its shares traded at Rs 93.50.
In the retail market, companies that mainly contributed to the turnover were; Expolanka Holdings Rs 244 million (1.1 million shares traded), LOLC Finance Rs 87.8 million (10.8 million shares traded), Asiya Siyaka Commodities Rs 65.6 million (14.8 million shares traded), Hayleys Rs 52.9 million (523,000 shares traded), Kotagala Plantations Rs 45.3 million (5.1 million shares traded) and Browns Investments Rs 41.8 million (5.2 million shares traded). During the day 104 million share volumes changed hands in 28000 share transactions.
It is said that high net worth and institutional investor participation was noted in JKH, Kahawatte Plantations and Horana Plantations. Mixed interest was observed in Lanka IOC, Expolanka Holdings and Kotagala Plantations, while retail interest was noted in Asia Siyaka Commodities, Browns Investments and SMB Leasing.
Food, Beverage and Tobacco sector was the top contributor to the market turnover (due to Kotagala Plantations and Kahawatte Plantations) while the sector index edged down by 0.04 per cent. The share price of Kotagala Plantations moved up by 80 cents (9.20 per cent) to close at Rs. 9.50. The share price of Kahawatte Plantations appreciated by Rs. 3.80 (10.86 per cent) to close at Rs. 38.80.
Energy sector was the second highest contributor to the market turnover (due to Lanka IOC), while the sector index edged down by 0.02 per cent. The share price of Lanka IOC closed flat at Rs. 179.50.Yesterday, the Central Bank’s US dollar buying rate was Rs 357.40 and the selling rate Rs 368.71. The Central Bank’s prudent monetary policy has stabilized the rupee depreciation to a great extent, financial sources said.
Business
UN Global Compact Network Sri Lanka mobilizes business to lead with purpose
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.
It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.
More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.
Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.
UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.
Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:
“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”
The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.
Business
A regional conversation on the future of English language teaching
Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world
The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?
Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.
Business
The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition
The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.
Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.
The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.
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