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Speculation on corporate quarterly results dampens bourse

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By Hiran H. Senewiratne

CSE trading began on a negative note yesterday due to month- end profit- takings coupled with speculation that corporate quarterly results are not going to be satisfactory. However, the plantation sector counter became attractive due to US dollar fluctuations against the rupee, market analysts said.

The market began a fresh week on a negative note ending a 15-day winning streak. But shares edged down in mid-day and continued in that negative trend until trading activities came to an end.

Amid those developments both indices moved downwards. The All- Share Price Index went down by 24.48 points and S and P SL20 declined by 27.9 points. Turnover stood at Rs 2.5 billion without any crossings.

In the retail market top seven companies that mainly contributed to the turnover were; JKH Rs 363 million (2.2 million shares traded), Lanka IOC Rs 337 million (2.6 million shares traded), Kingsbury Hotel Rs 160.7 million (16.2 million shares traded), Commercial Bank Rs 92.2 million (one million shares traded), Sampath Bank Rs 83.6 million (1.1 million shares traded), NDB Rs 73.3 million (1.1 million shares traded) and Vallible One Rs 53.9 million (1.1 million shares traded). During the day 88.2 million share volumes changed hands 26000 transactions.

It is said that high net worth and institutional investor participation was noted in Cargills, Melstacorp, and Dankotuwa Porcelain. Mixed interest was observed in Lanka IOC, Aitken Spence, and CIC Holdings nonvoting, while retail interest was noted in Browns Investments, RIL Property and SMB Leasing.

The banking sector was the top contributor to the market turnover, while the sector index gained 0.56 percent. The Capital Goods sector was the second highest contributor to the market turnover (due to Aitken Spence) while the sector index decreased by 0.69 percent. The share price of Aitken Spence recorded a gain of 75 cents to reach Rs 149.75.

Cargills, Lanka IOC, Melstacorp, and CIC Holdings nonvoting were also included among the top turnover contributors. The share price of Cargills increased by Rs 25 to reach Rs 323. The share price of Lanka IOC lost Rs. 8 to touch Rs 139.75. The share price of Melstacorp moved up by 30 cents to reach Rs 76.30. The share price of CIC Holdings nonvoting declined by Rs 4.50 to reach Rs 55.10.

Yesterday, the Central Bank’s US dollar buying rate was Rs 323.03 and the selling rate Rs 336.16.



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Canada Day celebration highlights deepening Sri Lanka-Canada business ties

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H.C. Isabelle Martin

The vibrant celebration of Canada’s 159th National Day in Colombo brought together diplomats, government representatives, leading business executives and members of the Sri Lankan and Canadian communities, highlighting the growing strength of bilateral economic and commercial relations between Sri Lanka and Canada.

Hosted by the Canada Sri Lanka Business Convention (CanCham Sri Lanka), the event attracted one of the largest gatherings in its history, providing an important platform for business networking while celebrating the enduring friendship between the two countries.

Addressing the gathering, High Commissioner for Canada in Sri Lanka and the Maldives Isabelle Martin said Canada and Sri Lanka continue to enjoy a warm and expanding partnership built on shared values, people-to-people links, trade, investment and development cooperation.

“Canada Day is an opportunity not only to celebrate our country but also to celebrate the strong friendships and partnerships we have built with Sri Lanka.

The remarkable turnout this evening reflects the strength of those relationships and the growing collaboration between our two nations,” Martin said.

She noted that the close engagement between Canadian and Sri Lankan businesses continues to create new opportunities in trade, innovation, education, sustainable development and investment.

CanCham Sri Lanka officials said this year’s celebration was among the most successful Canada Day events ever organised by the Chamber, drawing an outstanding crowd and creating exceptional opportunities for business networking.

“What an incredible celebration of Canada Day. This was truly one of the most successful Canada Day celebrations in history, with an outstanding crowd and exceptional networking opportunities. It was wonderful to see so many distinguished guests, business leaders and community members come together,” the organisers said.

They thanked sponsors, partners, supporters and volunteers whose dedication ensured the success of the event.

The evening showcased Canada’s multicultural heritage while reaffirming the Chamber’s commitment to promoting stronger commercial links between Sri Lanka and Canada.

Guests representing a wide cross-section of industries exchanged ideas on expanding trade, investment and innovation partnerships.

Canada remains an important economic partner for Sri Lanka, with bilateral trade spanning apparel, agriculture, seafood, ICT services, education and professional services.

Canadian companies continue to explore opportunities in renewable energy, infrastructure, technology and sustainable development, while Sri Lankan exporters maintain a significant presence in the Canadian market.

Business leaders attending the celebration expressed confidence that closer collaboration between the two countries would further strengthen economic resilience and create new opportunities for investment, entrepreneurship and knowledge sharing.

The event concluded on a celebratory note, reaffirming the longstanding friendship between Canada and Sri Lanka and the shared commitment to fostering stronger business and people-to-people ties in the years ahead.

By Ifham Nizam

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Tokyo Cement inspires future-ready construction at BUILD BEYOND 2026 Technology Summit

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Senior Professor Priyan Mendis from the University of Melbourne, speaking at the ‘Build Beyond 2026 Summit

Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi, and Senior Professor Priyan Mendis from the University of Melbourne.

The summit marked the second edition of the Build Beyond Engineering Technology Summit organized by the Tokyo Cement Group, designed to foster collaboration between academia and industry while highlighting global trends, innovations, and emerging technologies in cement and concrete. This year’s discussions focused on advancements in material science that are driving more sustainable and cost-efficient construction practices.

The event drew participation from state-sector authorities, research institutions, academia, engineering students, and public and private sector organizations, creating a dynamic platform for engagement across the construction industry. A key feature of the summit was a high-level panel discussion on “Building a Resilient and Sustainable Construction Future,” featuring several distinguished industry leaders.

The panel included Eng. Nissanka Wijerathne, the Secretary General/CEO of the Chamber of Construction Industry Sri Lanka (CCI), Founder and Deputy Chairman of Civil & Structural Engineering Consultants (Pvt.) Ltd.; Eng. Shiromal Fernando, the Chairman of CTBUH Sri Lanka and Vice President of the Green Building Council Sri Lanka, Adjunct Senior Lecturer at the General Sir John Kotelawala Defense University and visiting lecturer at the University of Moratuwa; Eng.

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Who will become Sri Lanka’s most popular websites? BestWeb.LK 2026 opens Rate & Review

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Sri Lanka’s premier web design competition organised by the LK Domain Registry, officially opened BestWeb.LK Rate & Review for 2026 from 23rd to 30th June, It invites everyone to evaluate and rate the sites at rate.bestweb.lk.

Now in its 16th edition, BestWeb.LK continues to set the standard for digital excellence across Sri Lanka. This year, the competition introduces an enhanced Rate & Review System that moves beyond traditional vote-counting, combining public ratings with quality assessments to deliver a fair and comprehensive evaluation across all competition categories.

Members of the public are invited to browse all shortlisted websites, visit each site directly, and submit a rating on a scale of 1 to 5 based on their overall experience. To encourage meaningful participation, ratings submitted by verified users who sign in and complete a one-time OTP verification will carry full 100% weighting in the evaluation. Guest ratings are also accepted, though they carry less weight. Each participant may rate a specific website only once, and a minimum number of verified ratings is required for a website to qualify for the Most Popular Website award in its respective category.

Speaking on the initiative, Prof. Gihan Dias, CEO and Domain Registrar of the LK Domain Registry, stated: “BestWeb.LK has always been about celebrating the best of Sri Lanka’s digital landscape, and public participation is central to that. The Rate and Review System reflect our commitment to ensuring that recognition is meaningful, credible, and truly representative of the quality our web community continues to build.”

Throughout the rating window, the BestWeb.LK Technical Team will actively monitor all participating websites through an automated system to uphold the integrity of the process and identify the Most Popular Website winners in each category.

You are encouraged to rate as many shortlisted websites as you can to ensure broad and balanced feedback across all categories.

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