Business
Share investors jittery over IMF’s evaluation of government
Hiran H.Senewiratne
Stock exchange activities were marginally up yesterday due to corporate earnings being quite satisfactory. However, investors are continuing to worry over the IMF’s evaluation of the newly elected government.
The market indicated a bullish trend over the last few weeks but now profit- takings are notable due to confusion in some sections over IMF recommendations, market analysts said.
Amid those developments both indices moved upwards marginally. The All Share Price Index went up by 8.17 points, while S and P SL20 rose by 3.9 points.
Turnover stood at Rs 2.7 billion with four crossings. Those crossings were reported in JKH where 15.2 million shares crossed to the tune of Rs 312 million; its shares traded at Rs 20.50, Sampath Bank 500,000 shares crossed for Rs 47.5 million; its shares traded at Rs 95, HNB 187,000 shares crossed to the tune of Rs 43 million; its shares traded at Rs 230 and NDB 337,000 shares crossed for Rs 28 million; its shares were priced at Rs 83.
In the retail market performing companies that contributed to the turnover were; JKH Rs 211 million (10.2 million shares traded), RIL Properties Rs 139 million (14.1 million shares traded), Commercial Bank Rs 138 million (1.1 million shares traded), LMF Rs 88.5 million (2.7 million shares traded), Ceylon Cold Stores Rs 88.1 million (1.3 million shares traded) and Ambeon Capital Rs 84.1 million (5.3 million shares traded). During the day 137 million share volumes changed hands in 19000 transactions.
It is said that the manufacturing sector was the largest contributor to the turnover, especially due to the JKH crossing and retail trading, which contributed more than 30 percent, while the banking sector became the second largest contributor due to a high performance in Sampath Bank and HNB.
Yesterday, the rupee was trading stronger at Rs 290.85/95 to the US dollar from Rs 291.00/15 to the US dollar on the previous day, dealers said, while bond yields were down.
An auction of Rs145,000 million Treasury bills was ongoing.
A bond maturing on 15.12.2027 was quoted at 10.85/95 percent, down from 10.90/11.05 percent.
A bond maturing on 15.02.2028 was quoted at 11.10/15 percent, down from 11.15/20 percent.
A bond maturing on 15.09.2029 was quoted at 11.30/40 percent, down from 11.40/55 percent.
Business
Charting a worker-centered AI future: Colombo hosts landmark ITF conference
By Sanath Nanayakkare
Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.
These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.
Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.
As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.
Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.
Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.
Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.
Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.
Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.
Business
Bridging the digital divide: Sri Lanka’s airport licence challenge
By Sanath Nanayakkare
As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).
While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.
This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.
The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.
Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.
For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.
Business
International Afro-Latin Dance Festival in Colombo to grow into a larger regional tourism draw
ALIF-SL, Sri Lanka’s first-ever international Afro-Latin dance festival, returns for its 4th edition from 25 to 27 September 2026 at the Galle Face Hotel, Colombo. The festival will bring together over 30 international and national artists and 175–200 participants from more than 20 countries, reaffirming its place as the region’s leading platform for Salsa, Bachata and Kizomba.
This year’s edition is headlined by Tropical Gem, the world’s No. 1 salsa team, travelling from Italy to perform and teach alongside a stellar international line-up. Attendees can also look forward to the ALIF Cup Sri Lanka Open, a keenly contested competition judged by an international panel, giving local dancers a rare opportunity to compete and connect with world-class talent.
“Every year, ALIF connects Sri Lanka to the world. With this year’s artist line-up and the ALIF Cup competition, we’re not just hosting a festival, we’re putting Sri Lanka on the map as a top destination for dance,” said JD Ruban, Founder and Director of ALIF-SL
Beyond the dance floor, ALIF-SL continues to support Sri Lanka’s tourism sector, drawing dancers, judges and enthusiasts from across the globe to Colombo and positioning the capital as an emerging regional hub for social dance. Organizers plan to grow the festival into a larger regional tourism draw, introduce new competition categories, and bring in even bigger headline acts in future editions.
-
News4 days agoUS embassy won’t comment on IGP’s probe into joint drug raid
-
News3 days agoBid for Basil’s extradition nears final stage: Police
-
Features6 days agoThe emptying university: why are academics leaving?
-
Business4 days agoAll-new Bolero MaXX unveiled in Sri Lanka
-
News2 days agoShanakiyan urges urgent action over reported death sentence for Lankan in Saudi Arabia
-
Opinion6 days agoWho committed genocide and created mass graves in Sri Lanka?
-
Opinion4 days agoA journalist who wrote across the divide
-
Weather6 days agoShowers above 100 mm expected at times in the Western, Sabaragamuwa, Central, Uva and Southern provinces, and in Ampara and Batticaloa districts
