Business
SG Holdings buys into Expolanka Holdings stocks, boosting net foreign inflow
By Hiran H.Senewiratne
SG Holdings bought into Expolanka Holdings’ stocks to boost the net foreign inflow at the CSE, market analysts said.CSE ‘s most profitably listed entity, Expolanka Holdings, saw 11.1 million of its shares change hands via 923 trades for Rs. 2.5 billion. Among the transactions, there were 53 crossings involving 10 million shares at Rs. 225 each. The share price of Expolanka increased by Rs. 4.25 (1.96 per cent) to close at Rs. 220.75.
Expolanka contributed 37 per cent to the day’s turnover at the CSE which saw a rebound in investor sentiment.With SG’s purchases net foreign inflow amounted to Rs. 2.3 billion yesterday, boosting the year to date figure to Rs. 4 billion and Rs. 3.5 billion for September so far. Between early August and last week SG Holdings had collected 10 million shares and with yesterday’s quantity it has acquired a 1.36 per cent stake in addition to the existing shareholding of 75.6 per cent.
Amid those developments CSE was extremely bullish yesterday and penny stocks began to be active and reported considerable gains. The reason being that stock market investors and others are attracted to the equity market because the inflation rate is more than 60 per cent. Therefore, people have begun to invest in the equity market, mainly the stock market and government securities in Treasury Bonds/Bills and other commercial papers’ annual rates are also at 30 per cent, stock market analysts said.
‘The market is continuing on the previous day’s positive sentiment mainly pushed by heavyweight Expolanka. We are still seeing crossings taking place in the counter while investors are showing interest again in plantation sector shares, an analyst said.
On Wednesday, the market saw a net foreign inflow of Rs 2.29 billion, its highest since July 2019, mainly on buying in Expolanka shares.
Both indices moved upwards. The All- Share Price Index went up by 152 points and S and P SL20 rose by 64.7 points. Turnover stood at Rs 4.9 billion with four crossings. The crossings were reported in Expolanka Holdings, which crossed 3.2 million shares to the tune of Rs 732 million, its shares traded at Rs 225, Melstacorp 2.5 million shares crossed to the tune of Rs 140 million, its shares trading at Rs 57, JKH 650,000 shares crossed to the tune of Rs 81.7 million, its shares fetched Rs 126.
In the retail market top seven companies that mainly contributed to the turnover were, Expolanka Holdings Rs 419 million (1.8 million shares traded), Richard Pieris Rs 296 million (9.5 million shares traded), Lanka IOC Rs 292 million (1.2 million shares traded), Agsta PLC Rs 226 million (12.7 million shares traded), LOLC Finance Rs 208 million (31.3 million shares traded), Melstacorp Rs 160 million (2.8 million shares traded) and JKH Rs 142 million (1.1 million shares traded).
It is said mixed interest was observed in Lanka IOC, CIC Holdings and Lankem Developments, while retail interest was noted in SMB Leasing voting and non-voting, Kotagala Plantations and Tess Agro.
The Food, Beverage and Tobacco sector was the second highest contributor to the market turnover (due to Lankem Developments) while the sector index increased by 0.84 per cent. The share price of Lankem Developments recorded a gain of Rs. 3.30 (11.34 per cent) to close at Rs. 32.40. Lanka IOC, CIC Holdings non-voting and Richard Pieris & Company were also included among the top turnover contributors.Yesterday the Central Bank’s dollar buying rate was Rs 358.41 and the selling rate Rs 369.38.
Business
HNB Assurance Recognized with Merit Award at the Great HR Awards 2025
HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.
Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”
Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”
Business
MullenLowe Sri Lanka named Creative Agency of the Year in South Asia
MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka
Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.
Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”
The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.
Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”
The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.
Business
ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025
The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.
This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.
In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.
At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.
The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.
Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.
As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.
Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
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