Business
SOE restructuring plans positively impact Lanka Hospitals and SLT shares

By Hiran H.Senewiratne
The government’s proposals relating to the restructuring of State Owned Enterprises, based on IMF recommendations, had a positive impact on Lanka Hospitals and Sri Lanka Telecom (SLT) stocks yesterday, despite the market being volatile, stock market analysts said. CSE was edging down in mid-morning trade and became volatile due to manifold reasons. But more importantly there was net foreign buying with October so far producing over Rs. 1.4 billion, thereby boosting the year- to- date figure to Rs. 16.7 billion.
Amid those developments both indices moved downwards. The All- Share Price Index moved down by 55.2 points and S and P SL20 declined by 16.8 points. Turnover stood at Rs 2.3 billion with two crossings. Those crossings were reported in Lanka Wall Tiles, which crossed one million shares to the tune of Rs 72 million, its shares traded at Rs 72 and CIC Holdings 250,000 shares crossed to the tune of Rs 35 million and its shares fetched Rs 100.
In the retail market, companies that mainly contributed to the turnover were; Lanka IOC Rs 378 million (1.5 million shares traded), Expolanka Holdings Rs 231 million (1.3 million shares traded), CIC Holdings (Voting) Rs 173 million (1.7 million shares traded), CIC (Non- Voting) Rs 149 million (2.1 million shares traded), Sri Lanka Telecom Rs 143 million (2.2 million shares traded), Agsta PLC Rs 136 million (7.9 million shares traded) and Lanka Hospital Rs 123million (1.1 million shares traded). During the day 117 million share volumes changed hands in 23000 share transactions.
It is said high net worth and institutional investor participation was noted in JKH, CIC Holdings and Commercial Bank. Mixed interest was observed in Lanka IOC, Expolanka Holdings and CIC Holdings (non- voting), while retail interest was noted in SMB Leasing (voting and non-voting), Browns Investments and LOLC Finance.The Capital Goods sector was the top contributor to the market turnover (due to JKH), while the sector index gained 3.39 per cent. The share price of JKH moved up by Rs. 1.50 (1.17 per cent) to close at Rs. 130.
The Energy sector was the second highest contributor to the market turnover (due to Lanka IOC), while the sector index increased by 9.79 per cent. The share price of Lanka IOC increased by Rs. 23.25 (10.89 per cent) to close at Rs. 236.75.
Expolanka Holdings and CIC Holdings (voting and non-voting) were also included among the top turnover contributors. The share price of Expolanka Holdings gained Rs. 12.75 (8.23 per cent) to close at Rs. 167.75. The share price of CIC Holdings voting recorded a gain of Rs. 5 (5.42 per cent) to close at Rs.97.20, while the non- voting share price appreciated by Rs. 3.80 (5.70 per cent) to close at Rs. 70.50.Yesterday, the Central Bank-announced US dollar buying rate was Rs 359.81 and selling rate Rs 370.71.
Business
SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

By Sanath Nanayakkare
The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.
The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”
“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.
“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.
“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.
SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.
“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.
Business
Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).
Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.
Business
SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.
The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.
Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.
Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.
Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.
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