Business
Trading in Expolanka amounts to 25% of total turnover at CSE

By Hiran H. Senewiratne
Trading activities at the Colombo Stock Exchange (CSE) were negative yesterday and the market did not pick up even with the announcement of India’s largest IT company HCL Technologies, to take up 80 percent of the office space of Cinnamon Life, an office tower and mixed-use property project by JKH, stock market analysts said.
A major reason for the market to perform negatively was that Expolanka, one of the top listed companies in the market recorded acute price depreciation. Meanwhile, Alumex PLC not recording its quarterly profit also had a ripple effect on other companies causing slight price depreciation. In addition to that the escalation of Covid 19 positive patients and overwhelmed state hospitals added insult to the injury, stock market analysts said
HCL’s commitment as the anchor office tenant at Cinnamon Life adds immense value to the integrated mixed development project as a whole as the office spaces are poised to attract a dynamic local and expatriate workforce,” JKH said in a statement.
Therefore, JKH share price was appreciated by Rs 1.50 or one percent. Its share price appreciated from Rs 138 to Rs 139.50.
Expolanka which reported extraordinary profits in the recent past, witnessed some price depreciation of its shares by Rs 2 or 2.5 percent. Its share price started trading at Rs 79.60 and at the end of the day its share price declined to Rs 77.60. Meanwhile, according to JKSB, trading in Expolanka amounted to 25% of total turnover.
With these developments both indices moved downwards. All Share Price Index down by 12.24 points and S and P SL20 down by 1.18 points.Turnover stood at Rs 5.68 billion with two crossings. Those crossings were reported in JKH, which crossed 1.2 million shares to the tune of Rs 168 million and its share price traded at Rs 140 and Commercial Bank 375,000 shares crossed for Rs 27.5 million and its share price traded at Rs 84.50.
In the retail market top five companies that mainly contributed to the turnover Expolanka Rs 1.26 billion (15.9 million shares traded), Browns Investments Rs 839 million (121 million shares traded), JKH Rs 415.3 million (2.97 million shares traded), Royal Ceramic Rs 308 million (7.3 million shares traded) and Vallibe One Rs 209 million (3.3 million shares traded). During the day 245 million share volume changed hands in 33863 transactions.
Business
The Kingsbury, Colombo Appoints Nandana Wirasinha as GM

The Kingsbury announced on Friday the appointment of Nandana Wirasinha as its new General Manager. This pivotal appointment heralds an exciting chapter in the hotel’s journey as it continues to redefine excellence and innovation in Sri Lanka’s luxury hospitality landscape.
Wirasinha brings with him nearly three decades of international hospitality experience, having held senior leadership roles with some of the world’s most esteemed hotel brands. His distinguished career spans all facets of hotel management, including operations, revenue strategy, guest engagement, culinary excellence and operational efficiency. Of particular note are his accomplishments at Jumeirah Hotels & Resorts in Dubai and Abu Dhabi, where he played a key role in delivering benchmark-setting service and guest satisfaction.
Renowned for his ability to build high-performing teams and drive sustained revenue growth, Wirasinha has a proven track record of elevating service standards across the board. During his tenure in the UAE, he led multiple award-winning restaurants in Abu Dhabi, four of which received the coveted Triple Black Hat status in the prestigious ‘What’s On Abu Dhabi Black Hat Guide’—widely considered the region’s equivalent of the Michelin Guide. His leadership has consistently translated into enhanced guest satisfaction, operational excellence, and outstanding business performance.
A committed lifelong learner, Wirasinha is an alumnus of Cornell University with a Certificate in Hotel Real Estate Investment and Asset Management. He also holds an Associate of Arts Degree in Tourism and Hospitality from The Emirates Academy, has completed the Cornell CXO Leadership Programme, and is currently pursuing a Master’s in Business Management at the Postgraduate Institute of Management, Sri Lanka.
Business
ComBank launches timely vehicle leasing promotion

As new vehicles begin arriving in the country after a lapse of several years, the Commercial Bank of Ceylon has announced it will support the aspirations of vehicle buyers with an attractive leasing package for a limited duration.
The Bank said it would offer special interest rates, customized payment plans, discounts on first-year insurance premiums, a waiver of 50% on commission fees with a minimum charge of Rs 10,000 on Letters of Credit opened, and a free credit card with joining fee and the first year’s annual fee waived off, for leasing facilities obtained before 31st May 2025.
Quick and hassle-free approval of leasing facilities and special discounts on vehicle spare parts would also be part of the package for these customers, the Bank said. These special benefits would apply to leases of unregistered vehicles.
Commercial Bank offers one of the lowest rentals on vehicle leases, Rs 1,598 for every Rs 100,000 for a seven-year lease.
Commercial Bank leasing customers have the option of tailor-made leasing options that suit individual income patterns, via the Bank’s Super Leasing and Hybrid Leasing facilities.
Business
Sri Lankan F&B Exporters Participate in Toronto trade show

More than 15 Sri Lankan food and beverage export companies participated in the SIAL Canada 2025 trade show held at Enercare Exhibition Centre, Toronto, from April 29 to May 1, the SL consulate in Toropnto said.
SIAL Canada is one of the major annual trade shows in the food and beverage sector in Canada, attracting over 1,000 exhibitors and brands from 44 countries, with more than 21,000 professionals from 77 countries in attendance, and representation from all Canadian provinces.
The Consul General visited the trade show and met with the representatives of Sri Lankan companies supporting their efforts to expand their business network with key supply chains and leading retail business entities in the Canadian market.
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