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Tourism sector stocks bouncing back as SL sees uptick in inbound travel

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By Hiran H.Senewiratne

Tourism sector counters were more active yesterday compared to other sectors as tourist arrivals have been showing an increasing trend, stock market analysts said.

In the retail market top seven companies that mainly contributed to the turnover were Hayleys Leisure Rs 112 million (4.3 million shares traded). And JKH Rs 64.9 million (341,000 shares traded),

Meanwhile, Lanka IOC Rs 44.5 million (371,000 shares traded), Capital Alliance Rs 43 million (514,000 shares traded), Asian Hotel and Properties Rs 40.9 million (665,000 shares traded), Hayleys Plc Rs 38.1 million (405,000 shares traded) and ACL Cables Rs 37.5 million (490,000 shares traded). During the day ,40.6 million share volumes changed hands in 14,000 transactions.

Amid those developments, the stock market turned red yesterday as investors were anticipating nex taxes, namely; wealth tax, capital gain tax and several other new taxes to be introduced through the upcoming budget, market analyst said.

Accordingly both indices moved downwards. All Share Price Index down by 81.7 points and S and P SL20 down by 98.46 points. Turnover stood at Rs 1.15 billion with two crossings. Those crossings were reported in Citizens Developments Bank crossed its 400,000 shares to the tune of Rs 78 million and its share price traded at Rs 195 and Serendip Hotels 1.5 million shares crossed to the tune of Rs 24 million and its share price traded at Rs 16.

Meanwhile, the Colombo Stock Exchange (CSE) announced the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), which are aimed at enhancing trading opportunities and flexibility for investors.

In this regard, the CSE conducted an awareness session on RSS and SBL, to the institutional and high net worth individual investors and CEOs of trading participants on 8th September 2023 at Shangri-La Colombo with the participation of CSE Chairman Dilshan Wirasekara, Chief Executive Officer (CEO) Rajeeva Bandaranaike, CSE Chief Regulatory Officer (CRO) Renuke Wijayawardhane, Securities and Exchange Commission of Sri Lanka (SEC) Deputy Director General Tushara Jayaratne and the senior management and the staff of the CSE.



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Gigalingua Lanka opens its doors to new opportunities for Sri Lankan nurses in Germany

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Dignitaries gracing the launch of Gigalingua Lanka.

Gigalingua Lanka, a premier German language institute, officially launched in Colombo with a ribbon-cutting ceremony attended by distinguished guests, including Dr. Felix Neumann, German ambassador to Sri Lanka. This marks a significant milestone for Sri Lankan professionals, especially nurses, looking to expand their careers in Germany’s thriving healthcare sector.

In collaboration with its strategic partner Global Care Solutions (Pvt) Ltd – a renowned company in the foreign recruitment industry – Gigalingua Lanka offers a unique pathway for Sri Lankan nurses and apprentices to master the German language and pursue rewarding career opportunities in Germany.

Dr. Felix Neumann, the Chief Guest at the event, expressed his support for the initiative, emphasizing the importance of language education as a bridge to global career prospects. In his speech, Dr. Neumann noted, “German language is not only a means of communication, it is a gateway to global career opportunities.” He commended Gigalingua Lanka for providing valuable opportunities for Sri Lankans and addressing the critical demand for skilled workers, especially in the nursing sector in Germany.

Gigalingua Lanka is the first private institute in Sri Lanka to offer comprehensive German language training up to the B2 level, and conduct TELC exam. The institution also provides language training for apprentices, allowing them to undertake the Apprenticeship Program and contribute to the growing labor market in Germany. The collaboration between Gigalingua Lanka and Global Care Solutions is designed to meet Germany’s growing need for skilled workers, particularly in the healthcare sector.

The event was attended by a number of prominent figures, including Dr. Felix Neumann , Arthur Senanayake (chairman of IWS Holdings), Eran Wickramaratne – former MP, Chandra Schaffter – ( Founder of Janashakthi Insurance ), Dhammika Attygalle (Director Upali Group of Companies and President Automobile Association of Ceylon) Former Wing Commander Buwaneka Abeysuriya (Ex- chairman Janatha Estates Development Board).

Chairman of Global Care Solutions, Thomas Michael Kriwat, who is also chairman of the Mercmarine Group of Companies in Germany, highlighted the significance of the new training center. He said, “We are bringing world-class German occupational language training to Colombo, offering a structured, career-focused pathway for Sri Lankan professionals. By introducing TELC (The European Language Certificates) as an officially certified German language test authority, we are increasing accessibility for students seeking internationally recognized qualifications.”

At the thanksgiving speech, Dr. Rajan Sara, Managing Director of Global Care Solutions and Director of Gigalingua Lanka, outlined the critical need for foreign nurses in Germany. “Germany is facing a significant shortage of nurses, estimated to need an additional 150,000 by 2025. This is exacerbated by an aging population and increasing healthcare demands. Over 47,000 vacancies in the healthcare sector remain unfilled, making it an ideal time for Sri Lankan nurses to seize this opportunity,” Dr. Sara explained. (Gigalingua Lanka)

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Browns unveils new expansion strategy

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Sanakan Thamotharampillai, Director/CEO Brown & Company PLC addresses the gathering.

In keeping with its vision to consistently evolve and address accelerated business growth needs, Brown & Company PLC recently unveiled its new state-of-the-art manufacturing and warehouse facility in Katunayake. Strategically located within minutes of the Bandaranaike International Airport and the nation’s rapidly evolving highway network, the space is positioned to significantly enhance Browns’ logistical capabilities. The hub will enable seamless access to key markets across the island, further solidifying the Company’s principal role in a cross-section of industries.

The inaugural event of the Browns Group Industrial Park was attended by Ishara Nanayakkara, Chairman, Brown & Company PLC and Deputy Chairman, LOLC Holdings PLC and Kapila Jayawardene, Group Managing Director/CEO, LOLC Holdings PLC along with key officials from the Browns and LOLC Group.

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Dialog Partners with vivo to Introduce the vivo V50 with 5G in Sri Lanka

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Photographed from left to right: Erash Fernando, General Manager – Operations at Stelacom; Deshan Wijeweera, Head of Device Business – Growth and Operations at Dialog; Yushan Gunathilake, Head of Business – Mobile Telecommunications at Dialog; Chamara Kulawardana; Harris Song, Director at vivo Sri Lanka; Gihan Nanayakkara, Deputy General Manager at vivo Sri Lanka; and Priyantha Jayasinghe, General Manager at Trident Corporation (Pvt) Ltd.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has successfully launched the highly anticipated vivo V50 smartphone, marking a significant milestone in its commitment to bringing 5G technology and pro-level mobile experiences to Sri Lankan customers, with the first customer handover taking place on 27th March 2025.

The vivo V50, designed in collaboration with ZEISS, combines advanced features such as a 50MP ZEISS OIS Main Camera, a powerful Snapdragon® 7 Gen 3 processor, and a stunning 6,000mAh battery, all housed in a sleek, ultra-slim design. Available at an attractive price, the vivo V50 delivers unmatched mobile performance for work, play, and creativity, offering features such as AI-enhanced photography, 4K video recording, and lightning-fast 90W FlashCharge technology. The vivo V50 also boasts a 41° golden curvature for a comfortable grip and a premium, cinematic mobile experience.

Dialog’s partnership with vivo underscores its commitment to bringing the latest in 5G innovation to Sri Lanka, providing customers with access to next-generation mobile experiences and empowering them to capture, create, and connect like never before. The vivo V50 is now available for purchase at Dialog’s Experience Centers and via https://www.dialog.lk/phones/vivo-v50-5g-12gb.

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