Business
Perceived Tax Amnesty Act benefits bring bounce to bourse
By Hiran H.Senewiratne
The CSE bounced back yesterday after witnessing a heavy market drop on the previous day due to panic-stricken investors disposing of their stocks to gain short term profits after the Central Bank’s involvement in controlling the rupee rate as against the dollar, stock market analysts said.
One of the reasons for the stock market to bounce back yesterday was a comment by State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal to the media that the recently passed Tax Amnesty Act would benefit the capital market and that there could be an inflow of around Rs. 100 billion to the CSE before the end of the year. This gave a slight impetus to the highly volatile stock market, analysts said.
Further, the Central Bank also issued new directions to licensed commercial banks and the National Savings Bank on the import of certain non-essential and non-urgent goods with immediate effect until further notice to preserve foreign reserves. This slightly impacted export- oriented companies yesterday, analysts said.
Consequently, both indices moved upwards. The All Share Price Index went up by 222 points and S and P SL20 rose by 66.80 points. Turnover stood at Rs. 5.7 billion with four crossings. Those crossings were reported in Sampath Bank, where four million shares crossed to the tune of Rs. 204.8 million, its shares traded at Rs. 51.50, Expolanka Holdings 600,000 shares crossed for Rs. 105.6 million, its shares traded at Rs. 176, HNB 250,000 shares crossed for Rs. 35.7 million, its shares fetched Rs. 143 and HNB (Non Voting) 200,000 shares crossed for Rs 26 million, its shares trading at Rs. 130.
In the retail market, five companies that mainly contributed to the turnover were, Expolanka Holdings Rs. 1.59 billion (9.2 million shares traded), Browns Investments Rs. 1.26 billion (129 million shares traded), LOLC Holdings Rs. 400 million (725,000 shares traded), Nestle Lanka Rs. 379 million (314,000 shares traded) and Hayleys Rs. 221 million (two million shares traded). During the day 265 million share volumes changed hands in 36000 transactions.
It is said that clients are using the current market weakness to accumulate fundamentally strong stocks. This is because it is believed that there are no structural reasons, whether on a macroeconomic level or at a company level, to justify the current sell off. It was important to note that major shareholders continued to hold their stakes, or even increased their stakes, reflecting strong confidence in the stocks they had invested in, market analysts 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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