Business
Quarantine curfew extension takes toll on stock market
By Hiran H.Senewiratne
CSE activities showed some bullish sentiments at the beginning of trading yesterday but later the bourse turned negative due to the government’s decision to extend the island wide quarantine curfew until September 21. During the latter part of the day most index weighted companies witnessed substantial selling pressure, stock market analysts said.
However, the market also saw a welcome net foreign inflow of Rs. 105 million. The stock market, however, has suffered a net foreign outflow of over Rs. 41 billion so far this year.
The rebound also saw the market’s value gain by Rs. 100 billion, thereby propelling CSE market capitalization back to the Rs. 4 trillion mark.
Amid those developments both indices moved downwards. All Share Price Index went down by 121 points and S and P SL20 declined by 45.9 points. Turnover stood at Rs 6.9 billion with four crossings. Those crossings were reported in Sampath Bank, where ten million shares crossed for Rs 508 million and its shares traded at Rs 49.60, HNB 1.03 million shares crossed for Rs 468.8 million, its shares traded at Rs. 143, Expolanka 200,000 shares crossed for Rs 34.6 million, its shares fetched Rs 173 and SLT 575,000 shares crossed for Rs 21.3 million, its shares trading at Rs. 37.
In the retail market, companies that mainly contributed to the turnover were, Expolanka Rs. 3.3 billion (18.5 million shares traded), Browns Investments Rs 971 million (101 million shares traded), LOLC Holdings Rs 168 million (310,000 shares traded), Royal Ceramic Rs 150 million (3.5 million shares traded) and RIL Property Ltd Rs 135 million (16.5 million shares traded). During the day 248 million share volumes changed hands in 36000 transactions.
It is said that high net worth and institutional investor participation was noted in Sampath Bank, Expolanka Holdings and Hatton National Bank. Mixed interest was observed in LOLC Holdings, Nestle Lanka and Hayleys, while retail interest was noted in Browns Investments, SMB Leasing and Nation Lanka Finance.
The current exchange rate of 1 US dollar is equal to 199.798 Sri Lankan rupees. This is an increase of 8.168032% (or +15.0872 LKR) compared with the same time last year (10 September 2020), when 1 US dollar equaled 184.711 Sri Lankan rupees.
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.
-
News6 days agoLAWASIA warns against ad hoc initiative to increase judges’ retirement ages
-
Features5 days agoClimate action to bring South Asia together
-
News5 days agoChamuditha to seek removal of injunction on Youtube programme
-
News22 hours agoFreedom 250: US Embassy celebrates America’s 250th Independence Day through magic of American cinema
-
Features7 days agoPeople’s Bank expands digital banking network with 125th cheque deposit kiosk
-
News2 days agoCIABOC to question Harak Kata on Rs. 200 mn bribery allegation
-
News2 days agoSLAF conducts successful rescue mission under UN command in Central African Republic
-
News5 days agoCPRP alleges another death in custody, seeks protection for witness
