Business
Policy uncertainties restrain investors
By Hiran H.Senewiratne
CSE activities were positive briefly yesterday but turnover proved negative as investors were cautious and tended to think twice before investing in the stock market due to the government’s inconsistent policies, stock market analysts said.
However, JKH share prices started moving up because India’s Adani Ports and Special Economic Zone Limited selected JKH as a local partner along with the Sri Lanka Ports Authority (SLPA) to develop the West Container Terminal of the Colombo Port.
Cabinet spokesman Minister Keheliya Rambukwella told a press briefing that Sri Lanka will join hands with a giant Indian conglomerate to launch a Build, Operate and Transfer deal to develop the West Container Terminal of the Colombo Port.
Accordingly, JKH share prices began to move up and at the end of the day its shares increased in price by 0.2 percent or 25 cents. JKH shares started trading at Rs. 150.50 and at the end of the day they moved up to Rs. 150.75.
Amid those developments, both indices moved downwards. The All Share Price Index went down by 94.75 points and S and P SL20 went down by 52.18 points. Turnover stood at Rs. 1.99 billion with four crossings. Those crossings were reported in Sampath Bank, which crossed 3.2 million shares to the tune of Rs. 492 million, its shares traded at Rs. 155, HNB 450,000 shares crossed for Rs. 58.5 million, its shares fetching Rs. 130, Lion Brewery 89800 shares crossed for Rs. 48.5 million; its shares traded at Rs. 540 and Royal Ceramic 165,000 shares crossed for Rs. 45.5 million; its shares traded at Rs. 276.
In the retail market, five companies that contributed to the turnover were, Expolanka Rs. 144.4 million (3.1 million shares traded), Sampath Bank Rs. 131.8 million (848,000 share traded), Browns Investments Rs. 119 million (21.2 million shares traded), Dipped Products Rs. 100.4 million (2.1 million shares traded) and LOLC Rs. 87.7 million (251,000 shares traded). During the day 68.7 million share volumes changed hands in 16422 transactions.
It is said that with the corporate results season having now come to an end and in the absence of any significant market catalyst, one expects the market to trade range-bound in the immediate term.
“Nonetheless, given our sanguine long term outlook for the bourse, supported by our expectation of a low interest rate environment, we advise investors to gradually start accumulating a well-diversified portfolio of stocks which are cash generative, have strong earnings and revenue growth attributes, and have the ability to outperform over a complete market cycle, stock market analysts said.
Vidullanka PLC yesterday completed the acquisition of a 51% equity stake in Orik Corporation Ltd., which holds the right and approvals to develop a 1 MW ground mounted solar power plant in Moneragala.The power purchasing agreement signed with the Ceylon Electricity Board (CEB) allows the company to sell the generated electricity at a tariff of Rs. 15.97 for a 20-year period.According to the share purchase agreement, Vidullanka will further acquire a 10 percent stake in the company upon achieving the financial close for the project. It will continue to invest in the equity of Orik Corporation, which would ultimately increase the ownership of Vidullanka to 87 percent, while the 13 percent equity stake will be held by the promoters.
Sri Lanka’s rupee quoted weaker at 196.20/197.00 levels to the US dollar in the one-week forwards market on Tuesday while bond yields were steady, dealers said. The rupee last closed in the spot market at 195.50/196.00 to the dollar on Monday. The rupee has fallen from 186.40 in December 2020 to 194.40 to the US dollar in January 2021.
Business
Birthday gift turned lifeline: US-based young environmentalist steps up for Sri Lanka
For Daham Perera, a December birthday celebration this year became something far more meaningful than cake, candles or gatherings with friends. Instead, it turned into a deeply personal act of solidarity with a country he calls his motherland.
Perera, a young environmental enthusiast based in Los Angeles, says his bond with Sri Lanka remains unbroken despite living thousands of miles away. “Although I live in America, my parents and all my relatives live in beautiful Sri Lanka. That connection is something I carry with me every day, he said.
Having visited Sri Lanka in August, Perera spent weeks traveling across the island, reconnecting with relatives and visiting historical and environmentally significant sites. “I saw the true beauty of Sri Lanka – its people, its biodiversity, and its rich heritage. Those memories are among the most beautiful in my life, he recalled.
That joy, however, was short-lived. Soon after his return, the devastating Ditwah cyclone struck the island, leaving a trail of destruction. Homes were damaged, livelihoods disrupted and families displaced. “When I saw images of my friends losing their homes, books soaked in mud, clothes ruined by floodwaters, I felt a pain I cannot put into words, Perera said.
As an environmentalist, the damage to Sri Lanka’s fragile ecosystems troubled him deeply. “Sri Lanka’s biodiversity is priceless. When disasters like this strike, it is not just people who suffer, but forests, wildlife and entire ecosystems that take years to recover, he noted.
With his birthday falling on December 9, Perera made an unconventional decision. “Normally, my father and I celebrate our birthdays by going to the temple and spending time with friends. But this year, celebrating didn’t feel right when my people were suffering, he explained. “I kept asking myself—what can I do, even from afar?”
The answer was simple but powerful. Perera chose to donate all the money he had saved for his birthday celebrations, along with additional contributions from his family, towards relief efforts in Sri Lanka. “Economic support at times like this is critical. Even a small contribution can help a family rebuild, restart a livelihood, or regain dignity, he said.
The donation was formally handed over to Sri Lanka’s Consul General in Los Angeles, Charith Yattegoda, at the Consulate premises. For Perera, the gesture carried deep emotional significance. “If I can replace my personal happiness with smiles on the faces of people back home, that is the most beautiful birthday I could ever celebrate, he reflected.
He describes the letter of appreciation he received in return as his most treasured gift. “That thank-you letter is not just paper. It is a reminder that loving your country means standing by it in its darkest moments. It will always remain one of the most meaningful keepsakes of my life, Perera said.
Perera hopes his story will inspire other young Sri Lankans living overseas to stay connected and give back. “Distance should never weaken our responsibility. Supporting Sri Lanka—its people, its economy, and its environment—is something we can all do, no matter where we live, he added.
In turning a birthday into an act of compassion, Daham Perera has offered a quiet but powerful reminder: sometimes, the greatest gifts are the ones we give away.
By Ifham Nizam
Business
John Keells Foundation partners Sri Lanka Police in combatting violence against women and children
As part of its ongoing commitment to combat violence against women and children towards empowering a healthy and progressive nation, John Keells Foundation (JKF) continues to empower law enforcement agencies through Project WAVE (Working Against Violence through Education) – its flagship of over ten years – to combat gender-based violence and child abuse.
These activities include a strategic collaboration through which JKF supported the Sri Lanka Police to enhance their response to crimes involving women and children through the sponsorship of a global cutting-edge investigative software for use in the Cyber Investigation Unit (CIU) at the Bureau for the Prevention and Investigation of Abuse of Children and Women (BPIACW). The software enables officers to analyse and connect data efficiently, strengthening their ability to investigate and prevent online exploitation and related offences. BPIACW reported that the new platform had directly contributed to a significant and measurable improvement in their investigative capacity, recording the rescue of 22 children, the arrest of 21 suspects, and the filing of 111 cases in courts within the first year of its deployment.
Speaking on the partnership with JKF, Deputy Inspector General of Police – Ratnapura, and Former DIG – Children & Women Abuse Prevention 8 Investigation Range, Renuka Jayasundara said, “We extend our sincere gratitude to JKF for your steadfast partnership and for serving as a cornerstone of our efforts to strengthen child protection services through Project WAVE. Your contribution is making a tangible and quantifiable difference as evidenced by the growing numbers of successful investigations and legal referrals.”
Beyond technological support, JKF has also conducted a series of Train-the-Trainer (ToT) programmes, to improve the ability of officers to respond to GBV and CP in a sensitive and effective manner. The sixth such ToT was conducted from 24th to 26th of September 2025 for the benefit of nominated officers of the Homagama, Kaduwela and Maharagama police divisions. To date, 162 officers across 60 police stations have been impacted.
Business
SLANZBC appreciative of help from Australia and New Zealand
The Sri Lanka Australia–New Zealand Business Council (SLANZBC) has extended its profound gratitude to both the Australian and New Zealand governments for the generous and timely assistance provided to Sri Lanka during the recent flood devastation.
Chandana Amaradasa, SLANZBC president, noted that both governments donated one million dollars each, in their respective currencies, at a critical moment for Sri Lanka — support that will play a significant role in helping communities rebuild their livelihoods.
The government of New Zealand has pledged NZ$1 million to support humanitarian relief efforts in Sri Lanka following Cyclone Ditwah.
This assistance will be channeled through an international
humanitarian partner to strengthen ongoing rescue and relief operations.
Similarly, the Australian government announced on November 30, 2025 that it will provide AUD 1 million in humanitarian aid to bolster Sri Lanka’s response to Cyclone Ditwah.
These compassionate and timely gestures, Amaradasa said, once again demonstrate the unwavering commitment of both countries to stand beside the Sri Lankan people in times of crisis. He also recalled that
Australia and New Zealand have consistently supported Sri Lanka, stepping forward during previous national emergencies as well.
Today’s humanitarian assistance further reaffirms the depth of these longstanding relationships and the true spirit of friendship that binds the nations — a bond built on mutual respect, shared values and enduring goodwill.
“Our association deeply appreciates this kind and meaningful support and remains committed to fostering even closer ties between the people of Sri Lanka, New Zealand, and Australia, he added.
By Hiran H Senewiratne
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