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Stable trading on CSE with positive outlook on IMF review

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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.



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SLTDA launches NTSP campaign to elevate national tourism quality and standards

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Tourism top officials at Ella programme launch.

by Claude Gunasekera

The Sri Lanka Tourism Development Authority (SLTDA) officially launched its nationwide capacity-building campaign, “Grow your Tourism Business with National Tourism Skilling Programme (NTSP),” August 31, from the scenic regional hub of Ella. Directed under the leadership of the Tourism Deputy Minister, Prof. Ruwan Ranasinghe, the comprehensive initiative aims to transform micro, small, and medium enterprises (MSMEs) by accelerating their digital readiness and business formalization across the local hospitality ecosystem.

The entire islandwide operation is under the direct coordination of Ms. Tharanga Rupasinghe, the SLTDA Director of Standards and Quality Assurance, ensuring that all rural operators align seamlessly with international hospitality standards. By utilizing the framework of the NTSP, the campaign focuses on delivering essential digital payment tools, modern online marketing insights, and compliance frameworks directly to village-level enterprises, handcraft artisans, and independent tour operators. Speaking at the launch event in Ella, Tourism Deputy Minister Prof. Ruwan Ranasinghe emphasised that sustainable growth in the travel sector relies heavily on empowering smaller stakeholders to become resilient, data-driven participants in the modern market. “True economic resilience in our tourism sector cannot be achieved through large-scale infrastructure alone, but must be built from the ground up by transforming our local communities and regional MSMEs into direct, digitally enabled beneficiaries of global travel traffic,” Prof. Ranasinghe noted. Through this synchronized, localized training approach, the SLTDA intends to systematically protect cultural heritage while elevating the service quality benchmarks of regional travel hotspots nationwide.

Regional hospitality groups, led by the Ella Tourism Association, have strongly welcomed the launch of the SLTDA national skilling campaign, calling it a vital step toward safeguarding the destination’s international reputation. Local operators noted that rapid commercial growth in the Uva Province has highlighted an urgent need for structural standardization, making the arrival of the National Tourism Skilling Programme (NTSP) highly timely. The grassroots response focused heavily on the benefits of formalization and digital integration for the region’s diverse service sector. The Ella Homestay Owners Collective praised the focus on digital payment tools, noting that transition support will help smaller vendors capture direct bookings and reduce their reliance on third-party booking commissions.

The Uva Tuk-Tuk and Adventure Guides Association highlighted that the safety and compliance training will build trust with high-spending international travelers, effectively raising service quality benchmarks across the town. Local association leaders emphasized that having Ms. Tharanga Rupasinghe, SLTDA Director of Standards and Quality Assurance, directly coordinate the field training ensures the program addresses practical, local challenges rather than just theoretical rules. Following the initial rollout, regional committees have pledged to work alongside the SLTDA to ensure that even the smallest village artisans and micro-enterprises achieve official registration, positioning Ella as a model hub for high-quality, community-driven sustainable tourism.

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Sri Lanka–Indonesia Business Council holds 3rd Annual General Meeting

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Newly Appointed Executive Committee of SLIBC for the year 2026/2027

The Sri Lanka–Indonesia Business Council of The Ceylon Chamber of Commerce held its 3rd Annual General Meeting recently, bringing together Council members and key stakeholders to review the Council’s activities and priorities for the year ahead. The AGM was graced by Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka and Patron of the Council

Delivering her address, Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka, provided a comprehensive overview of Indonesia’s political and economic landscape, highlighting the country’s focus on promoting economic independence, strengthening sectoral resilience, improving public welfare, and facilitating both inbound and outbound investment.

Re-elected as President of the Council for 2026/27, Sheamalee Wickramasingha, Chairman / Group Managing Director of Ceylon Biscuits Ltd. acknowledged the instrumental role played by the Ambassador in the re-establishment of the Council and reflected on the Council’s key achievements during the past year. She highlighted the successful Sri Lanka–Indonesia Business Delegation to Indonesia, which provided valuable opportunities for Sri Lankan businesses to engage with Indonesian counterparts and explore avenues for commercial cooperation.

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LAUGFS Supermarkets opens 46th outlet in Kotahena

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LAUGFS Supermarkets has further strengthened its growing retail presence with the opening of its 46th outlet at No. 78, K.B. Christy Perera Mawatha, Kotahena. The new outlet operates 24 hours a day, offering customers a wide range of products together with bakery and hot food options, providing greater convenience and accessibility to the surrounding community.

The new Kotahena outlet further expands LAUGFS Supermarkets’ growing network and reflects the Group’s continued focus on strengthening its presence in strategic locations across the country. The opening ceremony was attended by the Group Chairman, Group Executive Vice Chairman, Acting Group Managing Director/Group Executive Director and senior management.

Commenting on the opening, the Sector Managing Director/CEO – Retail, Niroshan De Silva, said, “The opening of our 46th outlet reflects the dedication, teamwork and determination of our people, who have worked exceptionally hard to bring this outlet together. The new Kotahena outlet is designed to offer customers greater convenience, with an inbuilt bakery and hot food facility that provides freshly prepared food alongside our wide range of products, all under one roof. Our focus is to ensure that every LAUGFS Supermarket operates to the highest standards and consistently delivers quality, convenience and service excellence to our customers.”

The opening of the Kotahena outlet marks another significant milestone in LAUGFS Supermarkets’ ongoing expansion, bringing its products and services closer to more customers while further enhancing its 24-hour retail offering. With its growing network of outlets and continued focus on customer convenience and service excellence, LAUGFS Supermarkets remains committed to strengthening its presence and creating greater value for customers across Sri Lanka.

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