Business
Stock trading continuing to be dogged by global market volatility
By Hiran H. Senewiratne
The CSE indicated very dull and but volatile conditions yesterday as external and internal environmental factors continued to clog stock trading, market analysts said.
Both indices reflected downward trends. The All Share Price Index went down by 151.47 points while the S and P SL20 declined by 32.27 points.
Turnover stood at Rs 3.16 billion with eight crossings. The top seven crossings were: Access Engineering 7.8 million shares crossed for Rs 623 million; its shares traded at Rs 79, Lanka IOC 2.8 million shares crossed to the tune of Rs 366 million; its shares sold at Rs 128.50.
Sunshine Holdings 3.1 million shares crossed for Rs 89 million; its shares traded at Rs 28.50, NDB 545,000 shares crossed for Rs 60 million; its shares traded at Rs 110, JKH three million shares crossed to the tune of Rs 56 million and its shares traded at Rs 18.50, LMF 475,000 shares crossed for Rs 40 million; its shares traded at Rs 83.50 and WindForce 660,000 shares crossed for Rs 26 million; its shares traded at Rs 39.90.
In the retail market top seven companies that mainly contributed to the turnover were; Access Engineering Rs 826 million (10.4 million shares traded), Commercial Bank Rs 104 million (521,000 shares traded), JKH Rs 102 million (5.5 million shares traded), Richard Pieris Rs 52 million (1.9 million shares traded), Sunshine Holdings Rs 47 million (1.7 million shares traded), CCS Rs 44 million (374,000 shares traded) and Watawela Plantations Rs 43 million (908,000 shares traded). During the day 68 million share volumes changed hands in 15781 transactions.
It is said that construction related companies, especially Access Engineering, led the market while the banking sector also performed well, especially NDB and Commercial Bank. Further, manufacturing sector counters, especially JKH, were also significantly active at the floor while plantations sector counters, especially Watawela Plantations, performed well.
Meanwhile, Sanasa Life Insurance Company said it was planning the total divestment of its shareholding in subsidiary Sanasa General Insurance Company Limited.
The parent company plans to completely offload its equity stake in the general insurance arm, comprising up to 30,614,059 ordinary shares representing 53.5 percent of the issued share capital, CSE sources said.
First Capital Treasuries disclosed that Manjula Mathews, who stepped down from her position as chairperson with effect from October 1, holds a relevant interest in the company’s shares by virtue of being a director of First Capital Limited (which holds 550,093,968 shares) and a director and shareholder of its ultimate parent company, Janashakthi.
Yesterday the rupee was quoted flat at Rs 330.55/65 to the US dollar in the spot market, while bond yields were broadly steady, dealers said.
Business
World Bank puts USD 110m into climate-resilient road rebuilding
By Ifham Nizam
The World Bank has approved USD 110 million in additional financing to rebuild around 600 kilometres of roads damaged by Cyclone Ditwah, with the investment aimed not merely at restoring connectivity but at making critical transport infrastructure more resilient to future climate shocks.
The financing comes against a much larger recovery requirement for the transport sector, estimated at USD 1.31 billion, highlighting the scale of the infrastructure challenge following one of the most destructive weather disasters to hit the country in recent years.
The World Bank said the additional financing, provided through the International Development Association (IDA) Crisis Response Window, would support road reconstruction incorporating improved drainage, landslide protection and upgraded engineering standards.
‘Cyclone Ditwah has had a devastating impact on connectivity across Sri Lanka, but rebuilding also gives us an opportunity to build back stronger, said Gevorg Sargsyan, World Bank Group Country Manager for Sri Lanka and Maldives.
The World Bank said the programme would go beyond repairing damaged roads, helping reconnect farmers with markets, communities with essential services and households with economic opportunities.
The additional financing will extend the Inclusive Connectivity and Development Project (ICDP) by three years, taking total World Bank transport investment under the operation to USD 610 million.
The World Bank’s December 2025 GRADE assessment estimated Cyclone Ditwah had caused USD 4.1 billion in direct physical damage, equivalent to around four percent of GDP. Infrastructure accounted for approximately USD 1.735 billion, or 42% of the total, with roads, bridges, railways and water systems among the heavily affected assets.
The Bank has stressed that the USD 4.1 billion estimate measures direct physical damage and does not include income or production losses or the full cost of recovery and reconstruction.
The transport sector alone suffered extensive disruption, making the rebuilding of road networks a critical component of the broader economic recovery.
The latest USD 110 million package is expected to directly benefit more than 830,000 people, while nearly two million people across eight districts are expected to benefit from improved connectivity.
The programme is also expected to support employment during reconstruction and improve market access for approximately 22,000 tea, vegetable and paddy farmers.
The World Bank’s intervention therefore combines immediate disaster recovery with a longer-term infrastructure objective: ensuring that money spent on reconstruction does not simply restore roads to their pre-disaster condition but reduces their vulnerability to the next extreme-weather event.
That approach is becoming increasingly important as climate-related disasters place additional pressure on already constrained public finances.
Rebuilding the same infrastructure repeatedly after floods, landslides and other disasters carries a significant economic cost, making resilience an increasingly important part of infrastructure investment decisions.
Business
SLIC Life offers Rs.1million free life cover to parents of children born on World Children’s Day 2026
In celebration of World Children’s Day 2026, Sri Lanka Insurance Life (SLIC Life) has once again extended a Rs. 1 million free life insurance cover to the parents of every child born on 1 October 2026, across Sri Lanka. Now in its fifth consecutive year, the initiative was implemented island-wide, covering hospitals across the country and enabling parents of newborns to benefit from this special offering.
Beyond providing financial protection, the initiative seeks to highlight the importance of planning for a family’s financial security from the very beginning of a child’s life.
“The birth of a child marks the beginning of a new journey filled with hopes, dreams and aspirations. At SLIC Life, we believe that protection should begin from the very start of that journey. Through this initiative, we aim to create greater awareness of the importance of planning ahead and the role life insurance can play in safeguarding families against life’s uncertainties. As we continue this initiative for the fifth consecutive year, we remain committed to extending meaningful protection to Sri Lankan families and contributing towards a more secure future for the next generation,” said Dr. Sameera Dharmasena, Chief Executive Officer of SLIC Life.
Launched in 2022 as part of SLIC Life’s Corporate Social Responsibility (CSR) programme, the World Children’s Day initiative was introduced with the aim of supporting parents and strengthening financial security for families at an important stage in their lives. Over the years, the initiative has become a significant part of SLIC Life’s annual CSR calendar, reflecting the company’s broader commitment to children, families and communities.
SLIC Life’s commitment to children and education extends across several long standing CSR initiatives. The ‘Pasal Piriyatha Surakimu’ programme, launched in 2007, has benefited over 3,365 underprivileged schools through initiatives including classroom refurbishments, water facilities, libraries and learning resources. The 2026 edition of the programme is scheduled to be carried out in November, continuing SLIC Life’s efforts to enhance learning environments for children across the country. Complementing this, the ‘Suba Pathum Scholarship Programme’, which has been conducted since 2014, has now awarded 2,425 scholarships valued at Rs. 265 million to children of policyholders who demonstrate excellence in national examinations. The programme reflects SLIC Life’s continued focus on supporting educational aspirations and creating opportunities for the next generation.
Children remain at the heart of SLIC Life’s commitment to building a more secure future. Through the annual World Children’s Day initiative and its wider CSR programmes, SLIC Life continues to demonstrate that the value of insurance extends beyond financial protection, contributing to stronger and more resilient families and communities.
Business
HelpAge thanks donors for helping in carrying out free cataract surgery program
At a recent seminar HelpAge Sri Lanka (HASL) thanked local and foreign donors for strengthening the on-going free cataract surgeries program conducted by HelpAge Eye Hospital, Wellawatta for less- privileged elders over 55 years.
According to HelpAge Eye Hospital statistics the free cataract surgery programme was commenced in 2002 and over 55,000 surgeries have so far been performed for elderly citizens.
Head of HelpAge Eye Hospital Mahanama Wijesinghe said needy persons over 55 years of age could contact the hospital on telephone numbers 0112555759 and 0112589450 for free cataract surgeries.
‘Steps have been taken to conduct surgeries within a short duration of 30 days after attending the Eye Hospital clinic, he said.
Wijesinghe thanked all donors for their donations towards helping underprivileged citizens of the country.
HelpAge, Executive Director Dr. Harsha Bandara said HelpAge also conducts free medical and eye camps for needy elders and thanked donors for their donations towards this meritorious cause.
He requested philanthropists and donors to make their contributions for the sake of the needy.
-
Latest News6 days agoGold winner Tharanga gets brand-new Honda Vezel from SLAAJ
-
Features6 days agoWhy Sri Lanka needs an Inclusive Civic Nationalism – urgently
-
News5 days agoUS-assisted ‘Ice’ detection: NPC to examine IGP’s move to transfer drug-busting team
-
Editorial4 days agoColombo Port drug bust: The plot thickens
-
News6 days agoCivil society activist accuses govt. of favouring Ven. Gnanasara
-
Editorial6 days agoWhen crime bosses rise above law and shrines
-
Midweek Review6 days agoDappula’s Easter Sunday ‘grand conspiracy’ claim demolished
-
Editorial5 days agoDrug busting, transfers and trust deficit
