Business
Raynor Silva purchases 5 percent Seylan Bank shares from Dhammika Perera, further diversifying his presence in financial sector
High net worth investor of media industry fame Raynor Silva purchased five percent Seylan Bank shares that belonged to another top business leader, Dhammika Perera, for Rs. 1.57 billion, market analysts said.
Rayynor paid Rs. 105 per voting share in buying 15 million shares in Seylan Bank. As at June 30, 2025, Dhammika Perera held 20 million shares or a 6.55 percent stake but had been selling down recently leading up to exiting from the company. Overall Seylan Bank saw 16.68 million of its shares change hands via 300 trades for Rs. 1.76 billion. It closed at Rs. 110, up by Rs 1, market analysts said.
With the entry into Seylan, Raynor has further diversified his strong holdings in the financial sector. Via Phantom Investments Ltd., Rayynor already owns 10 percent of Sampath Bank and 9.73 percent of DFCC, in addition to picking up 1 percent in Commercial Bank recently.
Amid those developments both indices indicated mixed reactions yesterday. The All Share Price Index went up by 13.85 points while S and P SL20 declined by 12.33 points. Turnover stood at Rs 6.6 billion with 11 crossings. Top seven crossings were reported in Lee Hedges, where one million shares crossed to the tune of Rs 223 million; its shares traded at Rs 195, ACL Cables 920,000 shares crossed for Rs 200 million; its shares traded at Rs 220, Seylan Bank one million shares crossed to the tune of Rs 136 million; its shares sold at Rs 110, Colombo Dockyard 847,000 shares crossed to the tune of Rs 123 million; its shares traded at Rs 146, Cargills Ceylon 65000 shares crossed to the tune of Rs 53 million; its shares fetched Rs 830, Sampath Bank 200,000 shares crossed to the tune of Rs 30 million; its shares traded at Rs 115, and Hemas Holdings 800,000 shares crossed for Rs 25 million; its shares sold at Rs 35.
In the retail market top seven companies that mainly contributed to the turnover were; CIC Holdings Rs 205 million (five million shares traded), JAT Holdings Rs 204 million (four million shares traded), Central Finance Rs 191 million (640,000 shares traded), ACL Cables Rs 195 million (845,000 shares traded), Sierra Cables Rs 159 million (five million shares traded), JKH Rs 156 million (seven million shares traded) and CIC (Non- Voting) Rs 145 million (five million shares traded). During the day 217 million share volumes changed hands in 43000 transactions.
The banking and financial sector performed well. The manufacturing sector also performed well, especially ACL Cables and Sierra Cables.
Yesterday, the rupee was quoted at Rs 303.20/25 to the US dollar, weaker from Rs 303.05/15 the previous day, while bond yields were broadly steady, dealers said.
An auction of Rs 70,000 million Treasury bills was ongoing.
A bond maturing on 15.12.2026 was quoted at 8.30/35 percent, up from 8.25/35 percent.
A bond maturing on 15.09.2027 was quoted at 8.80/85 percent, up from 8.75/85 percent.
A bond maturing on 01.07.2028 was quoted at 9.25/30 percent, up from 9.20/30 percent.
A bond maturing on 15.12.2029 was quoted at 9.65/73 percent, up from 9.65/70 percent.
A bond maturing on 15.12.2032 was quoted flat at 10.50/65 percent.
A bond maturing on 01.11.2033 was quoted flat at 10.67/75 percent.
The telegraphic transfer rates for the American dollar was 299.7000 buying, 306.7000 selling; the British pound was 399.7236 buying, and 411.0854 selling, and the euro was 345.5209 buying, 356.8841 selling.
By Hiran H Senewiratne
Business
Ceylinco Life celebrates its ‘Unstoppable Champions’ at Annual Awards 2026
The power of momentum was the focus when Ceylinco Life, Sri Lanka’s life insurance market leader for an unbroken 22 years, celebrated the exceptional achievements of its top-performing sales force at its Annual Awards Ceremony 2026, held at Cinnamon Life Colombo.
Bringing together more than 300 of the company’s highest achievers, the event recognised Sales Officers who attained High Flyers status, qualified for the prestigious Million Dollar Round Table (MDRT), or earned ‘Sales Superstar’ status in 2025, each having met rigorous performance benchmarks. In total, close to 370 awards were presented at the ceremony, which was attended by over 450 participants including the company’s Board of Directors and senior management.
Themed ‘Unstoppable Champions,’ the awards ceremony underscored the spirit of resilience, ambition and consistent excellence that defines Ceylinco Life’s sales force, positioning the awardees as drivers of the company’s sustained market leadership.
The event was graced by Chief Guest Srinivasa Rao, Managing Director – Life and Health (South Asia and South East Asia) at Munich Re, and featured an evening of scintillating entertainment with performances by Sanka Dineth, Shashika Nisansala, the Naadro Band and Prashanthini, complemented by dance acts from Muddrika Dance Studio.
Among the highlights of the evening was the presentation of two Toyota Axio motor cars to R. P. Edirisinghe and S. S. H. M. T. Laksiri in recognition of their consistent excellence in qualifying as High Flyers and MDRT members. The top honours at the awards ceremony were presented to Mr A. S. L. Fernando as Best Agency Head, H. D. Pathirana as Best Agency Supervisor, A. I. P. Manjula as Best Life Insurance Advisor, and J. Meera as Best Regional Sales Manager.
Business
Kia drives into Colombo’s skyline with landmark showroom at Altair
Top Korean nameplate Kia has reinforced its presence in Sri Lanka with the opening of a striking new showroom at the iconic Altair high-rise in Colombo, marking a significant step in the brand’s continued expansion and customer engagement in the country.
The new facility, unveiled exclusively to media on 7th April 2026, occupies approximately 2,700 square feet of prime space at Retail 3 of the Altair development.
Strategically positioned at the entrance to the complex for maximum visibility and accessibility, the showroom places Kia at the heart of one of Colombo’s most prominent luxury residential and lifestyle destinations.
Designed in line with Kia’s global brand guidelines, the showroom presents a modern, customer-centric environment that reflects the company’s focus on innovation, quality and service excellence. The space is intended to offer an immersive retail experience, enabling customers to explore the brand’s evolving portfolio in a setting that mirrors international standards.
“The opening of this new showroom signals Kia’s renewed commitment to Colombo, strengthening its proximity to customers while enhancing convenience and accessibility for those seeking to engage with the brand,” Kia Motors Lanka Chairman Mahen Thambiah said. “It represents a key milestone in our strategy to deepen customer relationships and expand the Kia footprint across key urban locations.”
Taking centre stage at the new showroom is the all-new Kia Tasman, the brand’s first-ever double cab pickup, which makes its debut in Sri Lanka in tandem with the opening. The introduction of the Tasman underscores Kia’s drive to diversify its offering and respond to the evolving demands of customers across multiple segments.
In addition to the Tasman, visitors to the Altair showroom can experience Kia’s full range of vehicles, further enhancing the brand’s appeal to a broad spectrum of automotive enthusiasts.
Business
Nalin Sri Tikiri Bandara: forging discipline and character through martial arts
After nearly three decades on the mat, Sri Lankan martial arts instructor H. M. Nalin Sri Tikiri Bandara has built a career that stretches from local dojos in Kandy to international training arenas in the United Arab Emirates, shaping a growing generation of students through what he describes as “a lifelong journey of discipline and self-development.”
With more than 28 years of experience, Bandara has emerged as a prominent figure in martial arts education for children, youth and adults, particularly across Sri Lanka and the UAE, where he is currently based in Abu Dhabi.
Bandara’s martial arts journey began at a young age and has since spanned multiple disciplines, including Kyokushin Karate, Ashihara Karate, Mumonkai Karate, Brazilian Jiu-Jitsu and yoga.
He holds several international dan rankings, including 3rd Dan in Kyokushin Karate (Japan), 4th Dan in Ashihara Karate (Australia), 2nd Dan in Mumonkai Karate (Japan), and 1st Dan under Josui Kai Kan Karate (Japan). Years of training camps, seminars and competitions abroad, he says, have helped refine both technical skill and teaching philosophy.
Bandara is the founder and chief instructor of Nalin Dojo, which operates across multiple locations, including a main branch in Abu Dhabi and an established centre in Kandy. He also runs expansion programmes in schools and fitness centres in the UAE.


Collectively, his programmes have trained more than 2,000 students, ranging from children as young as four to adults.
He also serves as branch chief and representative of the World Karate Alliance Kyokushin Bugakukai, and contributes to the development of full-contact karate at national level in Sri Lanka.
At the core of his teaching is a hybrid approach he calls “Yoga Martial Arts”, blending karate discipline, yoga-based mental conditioning, Brazilian Jiu-Jitsu principles and sports science.
The focus, he says, extends beyond physical combat to character formation, emphasising discipline, respect, confidence-building and mental resilience.
“Martial arts is not just about fighting, it is about building better human beings,” Bandara said.
Much of his work is directed at children and adolescents, particularly in an era he describes as increasingly dominated by digital distractions.
He argues that structured martial arts training can reduce screen dependency, improve concentration, and strengthen emotional stability, while promoting healthier lifestyles.
“Children’s future is the future of the community,” he said, underscoring his belief that early discipline shapes long-term social outcomes.
Beyond regular training, Bandara organises grading examinations, workshops, school programmes and community fitness initiatives in both Sri Lanka and the UAE.
He has continued such activities even during periods of global disruption, maintaining regular engagement with students and instructors.
Looking ahead, Bandara plans to expand his dojo network across the UAE and internationally, while developing structured youth development programmes and training future instructors.
His long-term ambition is to build a sustainable martial arts ecosystem that integrates physical excellence with character education.
In a career defined by discipline and continuity, Bandara represents a generation of martial arts instructors blending traditional combat systems with modern wellness principles — and, in the process, attempting to shape not just fighters, but future citizens.
by SK Samaranayake
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