Business
Piramel Glass Ceylon shares up 25 per cent
By Hiran H.Senewiratne
Piramal Glass Ceylon, the only glass bottle manufacturing company in Sri Lanka, witnessed exceptional second quarter results which boosted its share price by 25 percent at the CSE yesterday. The company’s second quarter profits recorded a 394 percent increase as against the corresponding year, stock market analysts said.
The company’s second quarterly results reported a profit of Rs. 360 million, against a profit of Rs. 70 million for the 2019 second quarter. Its shares started trading at Rs. 7 and at the end of the day it suddenly shot up to Rs. 8.80, which was a Rs. 1.80 increase, market sources said.
Meanwhile, turnover and trade at the CSE soared to new heights as investors, especially retailers and high net-worth individuals, remained upbeat on listed equities, despite a fresh COVID-19 scare in the country.
Turnover rose to Rs. 5.5 billion, the highest since January 9 this year and 33 percent above Monday while the number of trades was 40046, the highest since September 5, 2011. Both indices moved upwards yesterday; the All Share Price Index went up by 87.16 points and S and P SL20 rose by 56.19 points.
During the day four crossings took place. Vallibal Power Erathna 30 million shares crossed for Rs. 240 million, its share price traded at Rs. 8, Sierra Cables 15 million shares crossed for Rs. 90 million, per share value Rs. 6, Royal Ceramic 200,000 shares crossed for Rs. 23.2 million, per share value being Rs. 116 and Tokyo Cement 315,000 shares crossed for Rs. 20.2 million; its share price trading at Rs. 64.
In the retail market top five companies that mainly contributed to the turnover were, JKH Rs. 713 million (5.4 million shares traded), Piramal Glass Rs. 570 million (66.4 million shares traded), Pan Asia Power Rs. 474 million (606 million shares traded), Expolanka Rs. 434 million (25.8 million shares traded) and Sierra Cables Rs. 237 million (38.2 million shares traded). During the day 465 million share volumes changed hands in 40048 transactions.
It is said that indices closed in red as a result of price losses in counters such as Carson Cumberbatch, JKH and Ceylon Cold Stores.It said mixed interest was observed mainly in Expolanka Holdings, RIL Property and Piramal Glass. Foreign participation in the market remained at subdued levels with foreigners closing as net buyers. Similarly, institutional investor participation remained subdued for the day.The Materials sector was the top contributor to the market turnover (due to Piramal Glass and Tokyo Cement Company non-voting), while the sector index gained 6.59 percent.
Sri Lanka rupee was quoted weaker at 184.45/60 to the US dollar on Wednesday while bond yields were steady, dealers said. The rupee closed at 184.30/40 against the greenback on Tuesday.
Business
Hayleys Fentons ranks No. 2 at the Dragons of Sri Lanka Awards 2026
Hayleys Fentons Limited placed 2nd overall at the 26th Dragons of Sri Lanka Awards, with campaigns from Hayleys Fentons, Hayleys Solar and Hayleys Mobility receiving Gold, Silver, Bronze and Black Dragons across marketing, communications, digital and sustainability.
The achievement is particularly significant for Hayleys Fentons as one of only two corporate organisations competing alongside a field largely comprising professional creative and advertising agencies in Sri Lanka.
Two Gold Dragons recognised Hayleys Fentons’ work in corporate branding and sustainability, with “PR Corporate Branding” winning in the Public Relations category and “Roots of Resilience” in the Cause, Environment or Sustainability category for its mangrove restoration campaign.
“Anahitiya”, a campaign by Hayleys Solar, secured a Silver Dragon in the Social Media category, recognising its creative approach to digital communication. Meanwhile, Hayleys Mobility secured a Bronze Dragon in the Small Budget Campaign category.
“Drive First, Fly Next”, a campaign by Hayleys Mobility, secured two Black Dragons in the Content Creation and Social Media categories, recognising its strong marketing impact and strategic execution.
Hasith Prematillake, Managing Director of Hayleys Fentons, said, “Ranking second overall at the Dragons of Sri Lanka reflects the creativity and strategic thinking within our organisation. For an engineering-led company competing alongside specialist creative and marketing agencies, the recognition demonstrates the capability of our teams to develop brands and deliver work that stands out.”
Business
Silmi wins Lanka Plate 6-Red Snooker Championship
Representing the Automobile Association of Ceylon (AAC), A.M.M. Silmi emerged victorious in the 2026 All-Island Lanka Plate 6-Red Snooker Championship.
In the grand final, Silmi defeated M.K.M. Mashood, representing the Moors Sports Club, in a closely contested best-of-seven match, winning 4–3.
A total of 32 players participated in the Lanka Plate Championship. They competed in the preliminary Round Robin stage to qualify for the All-Island Knockout Stage featuring the final 16 players.
Silmi progressed successfully through each stage of the tournament and ultimately claimed the prestigious Lanka Plate Championship on Sunday, 6 September 2026, at the Sri Lanka Billiards and Snooker Headquarters in Torrington.
This latest achievement is particularly noteworthy as it follows Silmi’s outstanding performance at the Colombo District 6-Red Snooker Championship held the previous week, where he finished as the Runner-up.
His consistent performances, from the district level to the All-Island level, clearly demonstrate his growing stature in the Sri Lankan snooker arena.
Representing the Automobile Association of Ceylon (AAC), Silmi has added another significant achievement to the Association’s proud record of producing and supporting national-level billiards and snooker players.
The continuous facilities and development programmes provided by the Automobile Association’s Billiards and Snooker Section have played an important role in encouraging and supporting players to reach higher levels of competitive billiards and snooker.
The 2026 National 6-Red Snooker Championship, conducted in memory of the late Mr. Ajwad Hashim, is scheduled to commence in the following week after the conclusion of the Lanka Plate Championship. This prestigious national tournament will be organised by the Billiards and Snooker Association of Sri Lanka.
Business
Standard Chartered explores global and Sri Lankan economic outlook
Standard Chartered Sri Lanka hosted “A Test of Resilience: Global Research Briefing Webinar on Global & Sri Lanka Economic Outlook for H2-2026”, bringing together corporate and financial institutions clients for an expert discussion on the prospects for the global economy, Sri Lanka and financial markets in the second half of the year.
The webinar examined how the global economy and financial markets demonstrated unexpected resilience during the first half of 2026 despite one of the largest energy-supply-chain shocks in history. While global growth is expected to remain on a stable footing, the discussion highlighted the need for caution as geopolitical conditions remain fragile, financial-market valuations are stretched and the sources of growth remain narrow.
The event commenced with an address by Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Sri Lanka, who welcomed participants and underscored the importance of timely, research-led perspectives as businesses and investors navigate an increasingly complex operating environment.
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