Connect with us

Business

SOE restructuring plans positively impact Lanka Hospitals and SLT shares

Published

on

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

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

Published

on

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)

Continue Reading

Business

‘Lanka Tractors returns with a historic Colombo 11 showroom’

Published

on

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.

Continue Reading

Business

Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo

Published

on

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 .

Continue Reading

Trending