Business
Stock Market bubble amid low interest rates and optimism about IMF’s second review
By Hiran H. Senewiratne
The Colombo Stock Exchange (CSE) witnessed a bullish session yesterday due to the low interest rate regime and the government’s optimism on the IMF’s second review. This had triggered a boost in share trading, according to market analysts.
As a result,, the turnover surpassed more than Rs two billion and the number of trades touched 24000 mark. Amid those developments both indices moved upwards. All Share Price Index up by 189.81 points while S and P SL20 up by 62.43 points. Turnover stood at Rs 2.6 billion with two crossings. Those crossings were reported in Central Finance, which crossed 1.2 million shares to the tune of Rs 123.6 million and its share price traded at Rs 103 and JKH 600,000 shares crossed to the tune of Rs 114 million and its share price traded at Rs 190.
In the retail market top seven companies that mainly contributed to the turnover were LMF Rs 216 million (7.8 million shares traded), Associated Motor Finance Rs 152 million (5.8 million shares traded), LOLC Finance Rs 150.7 milli9on (28 million shares traded), HNB Rs 141 million (894,000 shares traded), Browns Investments Rs 136.6 million (26.3 million shares traded), Central Finance Rs 76.1 million (735,000 shares traded) and JKH Rs 69.3 million (370,000 shares traded). During the day 160 million share volumes changed hands in 24000 transactions.
The Diversified Financials sector was the top contributor to the market turnover (due to LOLC Finance and Associated Motor Finance Company) whilst the sector index gained 1.52%. The share price of LOLC Finance increased by 20 cents to Rs. 4.80. The share price of Associated Motor Finance Company gained by Rs. 3 to Rs. 24.50.
The Food, Beverage & Tobacco sector was the second highest contributor to the market turnover (due to Lanka Milk Foods and JKH) whilst the sector index increased.
Meanwhile, Sri Lanka rupee opened stronger at Rs 307.65/75 to the US dollar in the spot forex market stronger from Rs 307.80/88 a day earlier, dealers said, while bond yields were slightly up. A bond maturing on 01.08.2026 was quoted at 10.85/11.00 percent. A bond maturing on 15.09.2027 was quoted at 11.90/12.10 percent from 11.90/12.00 percent. A bond maturing on 01.07.2028 was quoted at 12.29/30 percent from 12.20/30 percent.
Business
Samagi Spice Exports to launch Ceylon Cinnamon based beverage range
Samagi Spice Exports (Pvt) Ltd is set to introduce SPICEUP, a new Sri Lankan beverage brand, at its grand launch on Saturday 17 October 2026 at the University of Ruhuna, Matara.
With a history dating back to 1969, Samagi Spice is taking a new step in its business journey by expanding beyond traditional spice exports into value added consumer products.
Through SPICEUP, the company aims to connect Sri Lanka’s internationally recognized cinnamon heritage with contemporary beverage innovation, creating a distinctive identity in the country’s beverage market.
The SPICEUP range will feature a variety of products, including Original, Cream Soda, Power, GO, Cool, Burn, Memo+ and Zingy. Designed to offer consumers a range of refreshment experiences, the products will be available in two packaging formats: cans and plastic bottles, catering to different consumer preferences and occasions.
At the heart of the initiative is the potential of true Ceylon cinnamon as a value-added ingredient in the beverage industry. Rather than limiting cinnamon to its traditional uses, SPICEUP seeks to explore new opportunities for bringing this iconic Sri Lankan spice into everyday consumer experiences.
The initiative also highlights the broader potential of transforming the country’s agricultural resources into innovative products with commercial value.
The launch ceremony will be attended by legendary Sri Lankan cricketer Sanath Jayasuriya as the Chief Guest, alongside representatives from the Export Development Board (EDB), Industrial Development Board (IDB), Cinnamon Research Academy and other industry stakeholders.
A major highlight of the occasion will be the official unveiling of the SPICEUP product range, followed by the launch of the brand’s official website. The event will also feature the signing of a Memorandum of Understanding (MoU) between Samagi Spice Exports and the University of Ruhuna, marking an important step towards strengthening collaboration between industry and academia.
The proposed collaboration will provide a platform for future research, product innovation and value addition involving true Ceylon cinnamon. By bringing together business expertise and university-based knowledge, the initiative aims to support the development of innovative, value-added products and contribute to Sri Lanka’s potential in international markets.
With its roots in the country’s spice industry and its ambitions in the beverage sector, SPICEUP is poised to begin a new chapter in Samagi Spice’s journey—one that seeks to bring the distinctive identity of Ceylon cinnamon to a new generation of consumers.

Business
Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market
By Sanath Nanayakkare
Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.
Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.
He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.
“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.
Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.
Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.
Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.
Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.
Business
SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline
SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.
Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.
Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”
Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.
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