Business
Positive trend in debt restructuring sending good vibes among CSE investors
By Hiran H.Senewiratne
CSE investors seem to be having a positive mindset currently due to completion of the domestic debt restructuring exercise and the positive response which came from the Chinese side on restoring their debt component, market analysts said
“There is a lot of selling pressure on the primary dealer counter. I think this is because First Capital Treasuries’ share dividend went extinct, that is, the dividend is finished.
“So, because of that, the share has been falling. There has been selling pressure, and that is influencing the other two shares also to come down. That is, First Capital Holdings, and Capital Alliance Treasuries, market analysts said.
Amid those developments both indices moved up marginally yesterday. The All- Share Price Index went up by 11.58 points and S and P SL20 rose by 7.6 points. Turnover stood at Rs 1 billion with two crossings. Those crossings were reported in Sampath Bank, which crossed 3.4 million shares to the tune of Rs 226 million; its shares traded at Rs 66.50 and Melstacope 252,000 shares crossed for Rs 20.1 million; its shares traded at Rs 80.
In the retail market top seven companies that mainly contributed to the turnover were; SLT Rs 118 million (1.17 million shares traded), JKH Rs 77 million (402,000 shares traded), Sampath Bank Rs 57.3 million (853,000 shares traded), Tokyo Cement (Non- Voting) Rs 56.4 million (1.4 million shares traded), First Capital Holdings Rs 44.3 million (868,000 shares traded), Capital Alliance Rs 37.5 million (633,000 shares traded) and Pan Asia Bank Rs 34.7 million (1.7 million shares traded). During the day 31.2 million share volumes changed hands in 11000 transactions.
Last week the IMF announced that they had reached a staff level agreement which would give Sri Lanka access to bail-out funds. The Export-Import Bank of China also said it reached a preliminary agreement with Sri Lanka on debt treatment.
On Friday Sri Lanka’s President Ranil Wickremesinghe met Chinese President Xi Jinping and Vice Premier Ding Xuexiang. A joint statement issued by the leaders read: “China will continue to support its financial institutions in conducting friendly consultations with Sri Lanka to reach early agreement on treatment of debts related to China.
Yesterday the rupee opened at Rs 325.50/326.25 to the US dollar from Rs 325.75/326.25 on Friday, dealers said. Stocks were trading up.
Bond yields were down. A bond maturing on 01.06.2026 was quoted at 14.85/15.00 percent. A bond maturing on 01.05.2027 was quoted at 14.90/15.00 percent. A bond maturing on 01.07.2028 was quoted at 14.55/65 percent from 14.55/14.60 percent.
Business
Ceylon Chamber’s Investment Summit 2026 to steer Sri Lanka beyond stabilisation
Sri Lanka’s national economic discourse takes center stage today as the country’s premier private-sector body, The Ceylon Chamber of Commerce, hosts the Sri Lanka Economic & Investment Summit 2026 at the Shangri-La Colombo.
Convening on October 12 and 13, the two-day summit brings together an influential gathering of senior policymakers, international financiers, multilateral development partners, and private-sector captains to chart the island’s next phase of macroeconomic growth.
Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” this year’s forum marks a critical inflection point in the nation’s post-crisis trajectory.
As Sri Lanka shifts its emphasis from immediate financial stabilization toward sustainable, long-term expansion, the summit aims to address the structural imperatives necessary to secure high-impact foreign direct investment (FDI), deepen regional trade integration, and unlock emerging sectors of economic activity.
The core agenda over the two days focuses on building resilience across volatile global market cycles while executing targeted policy reforms. Key working sessions will examine:
Regional Value Chains & Trade Integration: Leveraging Sri Lanka’s strategic Indian Ocean geography to capture higher-value export flows and commercial linkages.
Energy & Infrastructure Transformation: Accelerating renewable energy integration and modernizing national utility policy.
Digital Economy & Public Modernization: Deploying digital technologies across public administration and financial services to enhance operational efficiency and transparency.
Sectoral Priorities: Modernizing healthcare infrastructure and agricultural value-addition to build a robust domestic economic base.
A defining feature of this year’s summit is the strong convergence between state policy and global commercial expertise. Keynote addresses and panel discussions will feature prominent leaders, including Prime Minister Dr. Harini Amarasuriya and T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd.
They will be joined by senior delegations and policy experts from major global institutions, including:
= The Asian Development Bank (ADB)
= The International Finance Corporation (IFC)
= Standard Chartered Bank
= Zydus Lifesciences
The active participation of the country’s highest executive and legislative leadership across both days underscores a clear policy commitment to private-sector-led growth. By establishing a direct, high-level platform for dialogue between investors and policymakers, the Ceylon Chamber’s summit seeks to refine regulatory frameworks, improve the ease of doing business, and establish a clear, predictable environment for capital formation in the years ahead.
Business
White House blocks Microsoft from foreign worker hiring programme
Microsoft and several other technology firms have been barred by the White House from hiring skilled international workers on a permanent basis through a widely used visa programme.
US Vice-President JD Vance on Thursday accused Microsoft alongside other firms of committing fraud through the use of the H-1B visa programme and a related process for workers from abroad to become permanent US residents.
Vance claimed that Microsoft, one of the most valuable companies in the US, has been effectively replacing American workers with “foreign indentured servants.”
Microsoft said most of the H-1B visas filed over the last financial year were for existing workers, who are paid the same as local staff.
“No company in the US has abused this system more than Microsoft,” Vance said.
He also made similar accusations about Adobe, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini.
The US government will not process any new or pending Permanent Labor Certification Program (PERM) applications from Microsoft or the seven other companies, Secretary of Labor Keith Sonderling said during the same conference.
Sonderling said companies like Microsoft, as well as US universities, have turned into “visa mills” that were “flooding” the US with foreign workers.
The BBC has contacted all of the companies for comment.
The total number of H-1B visas, a precursor to anyone seeking to go through the PERM process, is capped at 85,000 per year.
A spokeswoman for Microsoft noted to the BBC that “the vast majority of Microsoft employees in the United States are Americans.” The company employs more than 200,000 people worldwide.
Business
ComBank unites stakeholders to prepare agri sector for El Niño
In response to emerging climate risks, the Commercial Bank of Ceylon has launched a proactive initiative through its Development Credit Department, to equip Sri Lanka’s agricultural sector against the potential impacts of the 2026 El Niño climate pattern.
Seeking to move the industry from reactive loss management to early climate preparedness, the Bank partnered with leading state universities to execute a two-part educational and technological intervention in September 2026.
The initiative comes at a critical juncture. Sri Lanka’s Department of Meteorology reported an 80% probability of El Niño conditions emerging between June and August 2026, with effects expected to persist through November and beyond. As highlighted by the Food and Agriculture Organization (FAO), El Niño acts as a risk multiplier for rural livelihoods, food production, and water supply.
To mitigate these threats, the Bank’s initiative creates a collaborative network uniting academic institutions, agricultural extension services, technology providers, farming communities, and the financial sector. The awareness programme on El-Niño and its impact on agriculture was supported by 12 Commercial Bank branches, and engaged with more than 1,100 farmers at 15 diverse locations, including Vattapalai, Muththajankaddu, Palampas, Oddusuddan, Siyambalanduwa, Lindula, Neluwa, Kalawana, Pannala, Madampe, Mannar, Vavuniya and Kumalamunai.
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