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
Kandy driving school hits 100,000-driver milestone, sets sights on expansion
Dhasuni Learners in Kandy have trained over 100,000 drivers, marking a major milestone in the institution’s journey from a modest start-up to one of the region’s leading driver education providers.
Founded on March 31, 2008, in the historic hill capital, the institution began with just a single van, one three-wheeler and one motorcycle. Built on what its founder describes as a commitment to road safety and public service, the driving school has since expanded into a multi-branch operation with six centres across the Kandy district.
Today, Dhasuni Learners has emerged as a significant player in Sri Lanka’s driver training sector, producing thousands of licensed motorists annually while also contributing to local employment generation. The organisation’s broader mission, according to its management, has been to foster disciplined and road-conscious drivers who adhere to traffic regulations.
Over the years, the institution has received multiple accolades for its service standards and entrepreneurial achievement. These include the ‘Best Young Entrepreneur Award’ and ‘Seva Taru Tuthe Award’ in 2018, followed by One-Star and Two-Star service ratings from the Ministry of Industries in 2019 and 2020. It has also secured top rankings from the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) at national and provincial levels.
More recent recognitions include the ‘Best Driving School Award’ in 2023 and the ‘Pitkal Award’ for business excellence, along with a 2025 honour from the Trade Front in collaboration with the Ministry of Industry.
by SK Samaranayake
Business
HNB Life Introduces “Privileged Protect”, a Future-Ready Protection Solution for a New Generation
Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans.
Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term financial security, giving customers the flexibility to build wealth while safeguarding their future and loved ones.
Designed for individuals seeking comprehensive life protection with greater financial convenience, the product offers a shorter premium paying term while ensuring continued long-term coverage and investment growth opportunities. The policy also includes six compulsory protection benefits, dividend and loyalty dividend entitlements, partial withdrawal facilities after five years, and the ability to convert the maturity value into a monthly income stream. Customers are also provided the flexibility to continue optional riders beyond the premium paying term and enhance their investment through top-up premiums.
Commenting on the launch, Lasitha Wimalaratne, Executive Director / Chief Executive Officer of HNB Life, stated, “As we embark on a bold new chapter as HNB Life, the introduction of Privileged Protect reflects our commitment to continuously evolve alongside the changing aspirations of our customers. Today’s customer seeks greater flexibility, stronger protection, and smarter financial planning solutions that align with their lifestyle and long-term goals. This product has been thoughtfully designed to address those expectations while delivering the security and confidence our policyholders value. As we celebrate 25 years of excellence, we remain focused on shaping the future of insurance through innovative solutions that are relevant, accessible, and future-ready.”
Also sharing his thoughts, Dinesh Udawatta, Executive Vice President / Chief Technical Officer stated, “The modern customer is increasingly looking for insurance solutions that go beyond traditional protection. Privileged Protect is an evolved offering built around convenience, flexibility, and long-term value creation. It is designed for individuals who want to secure their future with shorter payment commitments while continuing to enjoy meaningful protection and wealth accumulation benefits. As HNB Life, we are committed to introducing customer-centric innovations that empower Sri Lankans to confidently plan for the future.”
With the launch of Privileged Protect, HNB Life continues to strengthen its portfolio of future-focused insurance solutions, reinforcing its commitment to protecting lives while empowering customers to achieve long-term financial wellbeing in an ever-evolving world. HNB Life PLC is licensed by the IRCSL and all policyholders are advised to read the policy document before concluding a sale to understand benefits, exclusions, terms and conditions.
Business
Sri Lanka’s Nazri Nizar elected to YPO global board in historic first
For the first time in the 76-year history of the Young Presidents’ Organisation (YPO), a Sri Lankan has been elected to its global board, with business leader Nazri Nizar securing a position on the governing body of one of the world’s most influential leadership organisations.
The appointment was confirmed at the YPO Annual General Meeting held on 21 May 2026. Nizar will serve as a YPO global board director from 2026 to 2029 and will concurrently serve as chair of the YPO Global Forum Committee.
Founded in 1950, YPO is a global leadership community comprising more than 38,000 chief executives, entrepreneurs and business leaders across 150 countries. Collectively, its members lead organisations generating approximately US$9 trillion in annual revenue, placing YPO among the most influential peer leadership networks in the world.
Unlike traditional business associations, YPO is built around the philosophy that leadership is a lifelong pursuit. Through a combination of executive education, peer learning and confidential leadership forums, the organisation provides a platform for business leaders to learn from one another’s experiences and navigate the personal and professional challenges that accompany leadership. At a time when organisations are navigating unprecedented technological, economic and social change, platforms such as YPO continue to underscore the importance of learning, collaboration and leadership across borders.
Nizar’s election follows years of service within the organisation. He has previously served as chapter chair of the YPO Colombo Integrated Chapter, been a member of the YPO South Asia Regional Board and, most recently, served on the YPO Global Forum Committee. In addition to his responsibilities as a global board director, Nizar will lead the Global Forum Committee, which oversees one of YPO’s most valued and enduring member experiences.
Commenting on the appointment, Nizar said YPO had played a defining role in shaping his leadership journey.
“YPO taught me that leadership is not about having all the answers. It is about continuous learning, trusted relationships and the willingness to grow through the experiences of others,” he said.
Describing the appointment as both humbling and inspiring, Nizar said he hoped the milestone would encourage more Sri Lankan leaders to engage with global platforms, contribute to international conversations and share their experiences with peers around the world.
Nizar currently serves as group managing director of Richardson Holdings, a diversified Sri Lankan enterprise with interests spanning engineering, infrastructure, renewable energy, manufacturing and out-of-home advertising.
His election represents a notable achievement for Sri Lankan business leadership and reflects the increasing contribution of Sri Lankan executives within international leadership networks.
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