Business
Stable trading on CSE with positive outlook on IMF review
By Hiran.H Senewiratne
The stock market closed yesterday with optimism on the the potential approval of the IMF review. On top of that the government will sign MoUs with international bondholders and Bilateral creditors shortly as a part of the debt restructuring process as a result of the IMF endorsement, market analysts said..
The Government is in the final steps of finalizing the debt restructuring agreements, with continued support from bilateral partners, the State Minister of Finance, Shehan Semasinghe said, confident of a favourable review from the International Monetary Fund.
The IMF board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
“We remain optimistic that our international partners will continue to support Sri Lanka’s efforts,” Semasinghe said on X (twitter).
“A favorable outcome from the review is expected to unlock the 3rd tranche of approximately US$ 330 million, which would further enhance confidence in our ongoing economic reforms and growth”, he said.0
Amid those developments market kicked off with a positive note but at the middle of the session bit of profits taking a noted but the market ended with a positive note with the IMF approval, market analysts said.
On the pretext of IMF news both indices moved upwards. All Share Price Index up by 9.1 points while S and P SL 20 up by 4.4 points. Turnover stood at Rs 1.6 billion with seven crossings.
Those crossings were reported in Commercial Bank, which crossed 917,000 shares to the tune of Rs 99.6 million and it’s share price traded at Rs 108.50, HNB 465,000 shares crossed to the tune of Rs 95.2 million and it’s share price traded at 205, JKH 300,000 shares crossed to the tune of Rs 61.2 million and it’s share price traded at Rs 204, CIC Holdings (Non Voting) 700,000 shares crossed to the tune of Rs 41.3 million and it’s share price traded at Rs 59, People’s Leasing Finance three million shares crossed to the tune of Rs 38.4 million and it’s share price traded at Rs 11.80, Browns Investments five million shares crossed to the tune of Rs 31 million and it’s share price traded at Rs 6.20 and DFCC Bank 275,000 shares crossed to the tune of Rs 21.45 million and it’s share price traded at Rs 78.
In the retail market top seven companies that mainly contributed to the turnover were Hayley’s Rs 188 million (1.7 million shares traded), People’s Leasing Rs 177 million (38.7 million), Vallibel Finance Rs 56.5 million (1.2 million shares traded), JKH Rs 56.5 million (277,000 shares traded), Commercial Credit Rs 54.2 million (1.4 million shares traded), Dipped Products Rs 52.3 million (1.3 million shares traded) and Hemas Holdings Rs 35.4 million (409,000 shares traded). During the day 65.8 million share volumes changed hands in 11,000 transactions. During the day banking sector counters especially perfomed well due to positive information on the IMF approval.
Yesterday, the Central Bank announced it USrupee was quoted at 303.75/304.00 to the US dollar on Wednesday in mid-morning trading, while bond yields were broadly stable, and stocks opened 0.09 percent higher, dealers said.
The rupee closed at Rs 303.25/75 to the greenback on Tuesday.
In the secondary market, yields were broadly stable during the auction, dealers said.A bond maturing on 15.12.2026 was quoted at 10.05/15 percent, down from 10.05/20 percent.A bond maturing on 15.09.2027 was quoted at 10.70/85 percent up from 10.50/70 percent.A bond maturing on 01.07.2028 was quoted at 11.10/20 percent, down from 11.05/15 percent.
Business
HNB Assurance Recognized with Merit Award at the Great HR Awards 2025
HNB Assurance PLC was recognized at the Great HR Awards 2025, receiving the Merit Award in the Finance, Insurance, Real Estate, and Investment sector. This recognition reflects the company’s continued commitment to strengthening its people strategy, nurturing a progressive culture, leveraging technology and maintaining strong industrial relations.
Sharing his thoughts on this accomplishment, Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance PLC, stated, “This recognition reiterates our belief that people are the true drivers of our success. Over the years, we have invested significantly in building an environment where our teams feel inspired and supported to deliver their best. As we continue to grow as one of Sri Lanka’s best insurance companies, this award reflects our ongoing efforts to build a workplace where both our people and our business can thrive. My sincere thanks go out to our HR team for continuously driving these initiatives.”
Commenting on the award, Navin Rupasinghe, Head of HR / DGM at HNB Assurance PLC, said, “Our people-first philosophy shapes every HR initiative we design, from strengthening learning pathways and leadership development to enhancing employee well-being and engagement. This recognition validates our ongoing efforts to build a workplace culture grounded in trust, inclusivity and performance. As we look ahead, we remain committed to evolving our HR practices to meet the expectations of our people and the future of work. My sincere thanks to the CIPM for this recignition.”
Business
MullenLowe Sri Lanka named Creative Agency of the Year in South Asia
MullenLowe Sri Lanka has been awarded Gold as the Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at Mumbai’s ITC Maratha Hotel. The accolade marks a landmark year for the agency, driven by breakthrough ideas, ambitious brands, and a surge in economic activity.

Campaign Agency of the Year – South Asia 2025 (Rest of South Asia – Creative Agency) awarded to MullenLowe Sri Lanka
Guided by a clear creative vision and extensive category expertise across 111 brands in 33 sectors, MullenLowe strengthened its position through strategic leadership appointments, talent acquisition, and the integration of AI-enabled tools. These initiatives created an environment where creativity, learning, and commercial impact worked in tandem, supporting long-standing client relationships and consistent new business momentum.
Thayalan Bartlett, Executive Chairman, said, “Our growth is rooted in a people-first, creative-centred culture. By attracting top talent and focusing on continuous upskilling, we have enriched both our creative and strategic capabilities.”
The agency’s innovation was further enhanced by Fever, its AI-enabled production studio, and LoweGo, a subscription-based design unit, enabling faster and more scalable solutions for modern marketers. Training programs, including an international AI workshop in Baku for top creative minds, helped unify teams around technology-driven creativity, leading to MullenLowe’s highest Effie points haul in a decade.
Harendra Uyanage, Senior Vice President and Executive Creative Director, added, “This recognition celebrates a team that constantly stretches its creative boundaries, transforming every brief into opportunity.”
The win adds to a series of recent accolades, including Most Effective Agency of the Year at the 2024 Effie Awards, and multiple awards at Dragons of Sri Lanka and SLIM Digis 2025, cementing MullenLowe’s vision to become Sri Lanka’s most commercially impactful creative company by 2030.
Business
ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025
The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.
This global recognition from Euromoney, a leading authority in financial markets, celebrates institutions that demonstrate innovation, leadership, and measurable impact in transaction banking across cash management, payments, trade finance, and technology. Commercial Bank is Sri Lanka’s clear market leader in trade finance, commanding a 21% share in exports and a 14.26% share in imports, demonstrating its strong presence across both segments.
In 2024, the Bank supported over US$ 5 billion in trade transactions, underscoring its unmatched role in enabling the flow of goods, services, and foreign exchange. Its leadership has also been recognised regionally by the Asian Development Bank (ADB), which named Commercial Bank its Leading Partner Bank in Sri Lanka for the fourth consecutive year under the Trade and Supply Chain Finance Programme.
At the forefront of Commercial Bank’s recent innovations is ComBank TradeLink, Sri Lanka’s first fully integrated, end-to-end digital trade finance platform. The system brings all trade finance operations – from Letters of Credit to export collections and shipping guarantees – into one secure online interface, providing customers real-time visibility, faster processing, and paperless convenience. This digitalisation drive has redefined the client experience, reduced manual processes and improved turnaround times across thousands of transactions.
The Bank’s commitment to advancing Sri Lanka’s trade sector extends beyond technology. Through initiatives such as the ComBank Trade Club, which facilitates connections between buyers and suppliers both locally and internationally, and ComBank LEAP | GlobalLinker, a digital business networking platform for SMEs, the Bank is actively building bridges between Sri Lankan entrepreneurs and global markets. Its Diribala Exporter Development Programme further empowers micro, small, and medium enterprises to become export-ready, providing access to expert guidance, training, and financial support.
Reflecting on the award, Commercial Bank said the recognition from Euromoney was a tribute to the trust placed in the Bank by Sri Lanka’s exporters and importers, and to the dedication of its trade finance teams who continue to innovate and deliver excellence in a rapidly evolving global landscape.
As Sri Lanka’s largest private sector bank and the first to surpass US$ 1 billion in market capitalisation, Commercial Bank continues to lead in supporting national trade, driving digital transformation, and shaping a more inclusive and resilient export economy, the Bank said.
Commercial Bank was the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
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