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Share market investors discouraged by ongoing trade union action

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By Hiran H. Senewiratne

CSE trading had improved but was highly volatile yesterday due to the negative impact of some global economic developments. Likewise, share market investors are discouraged by ongoing local trade union action in the country, stock market analysts said.

Consequently, the market ended with mixed reactions amid anticipation that the state’s discussions with the IMF would conclude after March 20, 2023, an analyst added.

“The overall sentiment is positive but shows some mixed reactions. The market is in recovery mode and profit- taking is coming to an end along with renewed investor interest, this analyst explained.

Amid those developments, the All- Share Price Index went up by 59.6 points and S and P SL20 declined by 4.28 points. Turnover stood at Rs 1.45 billion with one crossing. The crossing was reported in Hayleys, which crossed 839,000 shares to the tune of Rs 65.4 million; its shares traded at Rs 78.

In the retail market top seven companies that mainly contributed to the turnover were; HNB Rs 213 million (1.6 million shares traded), Lanka IOC Rs 106.4 million (583,000 shares traded), JKH Rs 82.7 million (590,000 shares traded), ACL Cables Rs 74 million (865,000 shares traded), Softlogic Capital Rs 72.6 million (5.9 million shares traded), Piramal Glass Rs 56.1 million (2.9 million shares traded) and Expolanka Holdings Rs 42.3 million (285,000 shares traded). During the day, 52 million share volumes changed hands in 17000 transactions.

Financial indexes are seeing interest yet again due to the IMF approaching Sri Lanka, as bilateral creditors have provided their assurances and Sri Lanka has implemented IMF backed policies for a US $ 2.9 billion loan, an analyst said.

However, Power and Energy counters have been losing ever since Education Minister Susil Premajayantha signaled possible price cuts in fuel and electricity as low fuel demands have been seen, resulting in investors speculating on lower revenues and returns, pushing the index down.

“The Minister of Energy said by June the tariff will be revised again. We have to be patient. We have not become Venezuela or Argentina. We have not become a Pakistan. The inflation is coming down. The rupee that was at 362 against the USD is now at 307. Now it has further come down, Premajayantha said.

It is said that mixed interest was observed in Lanka IOC, Expolanka Holdings and Sampath Bank, while retail interest was noted in SMB Leasing nonvoting, Industrial Asphalts and Softlogic Capital.

The Utilities sector was the top contributor to the market turnover (due to Vidullanka), while the sector index gained 0.33 per cent. The share price of Vidullanka increased by 10 cents to Rs. 6.

The Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Melstacorp), while the sector index decreased by 0.75 per cent. The share price of Melstacorp closed flat at Rs. 58.

Yesterday the rupee opened around Rs 325/330 to the US dollar in the spot market and was quoted at around Rs 329/330 in late morning trade, dealers said. The rupee closed around Rs 320/328 to the US dollar Monday.

Sri Lanka’s rupee has gained from around Rs 360 to the US dollar after the guidance peg was relaxed and appreciated to below 320 as banks and dollar holders sold down their holdings.



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Sri Lanka’s first generative AI‑powered, trilingual insurance assistant

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Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.

Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.

For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.

The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.

The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.

The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.

Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)

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‘Lanka Tractors returns with a historic Colombo 11 showroom’

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Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.

Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.

Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.

The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.

Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.

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Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo

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The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.

Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.

Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.

Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.

Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .

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