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US tariff issue continues to exert deleterious impact on local bourse

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By Hiran H. Senewiratne

CSE trading began on a positive note yesterday due to a positive economic forecast but during the second session, market activities were a bit slow because of global economic tensions triggered by the US tariff issue, which had a negative impact on local markets as well.

Turnover was significantly lower than the monthly average of Rs. 2.7 billion, indicating subdued market activity. Both indices moved marginally up. The All Share Price Index went up by 12 points, while the S and P SL20 rose by 26.1 points. Turnover stood at Rs 1.25 billion with three crossings.

Those crossings were reported in JKH, where 5.4 million shares crossed to the tune of Rs 108 million; its shares traded at Rs 20, HNB 100,000 shares crossed for Rs 30.3 million; its shares traded at Rs 303 and Access Engineering 700,000 shares crossed for Rs 25.9 million; its shares sold at Rs 77.

In the retail market, top six companies that mainly contributed to the turnover were; Browns Investments Rs 71.3 million (9.9 million shares traded), Hemas Holdings Rs 59.4 million (524,000 shares traded), HNB Rs 56 million (184, 0000 shares traded), Commercial Bank Rs 47.5 million (345,000 shares traded), JKH Rs 37 million (1.8 million shares traded), Aitken Spence Rs 31.4 million (247,000 shares traded) and Sampath Bank Rs 30.9 million (260,000 shares traded). During the day 56.8 million share volumes changed hands in 12823 transactions.

It is said high net worth and institutional investor participation was noted in Browns Investments, JKH and Sampath Bank. Mixed interest was observed in Vallibel One, Hatton National Bank and CIC Holdings, while retail interest was noted in SMB Leasing, Industrial Asphalts and Hikkaduwa Beach Resort.

Meanwhile, DFCC Bank said it has listed 5,746,239 new ordinary voting shares after a scrip dividend.

“Please note that 5,746,239 ordinary voting shares of the Bank have been listed with effect from 19th March 2025, pursuant to a Scrip Dividend,” the bank told CSE sources. The stock was trading up 1.96 percent at Rs 104.00 during late-morning trade, Wednesday.

Yesterday the rupee was quoted at Rs 296.05/20 to the US dollar in the spot market, broadly unchanged from Rs 296.05/15 the previous day, dealers said, while bond yields held steady.

A bond maturing on 01.05.2027 was quoted at 9.13/18 percent, down from 9.15/25 percent. A bond maturing on 15.10.2028 was quoted at 9.90/95 percent, down from 9.90/10.00 percent. A bond maturing on 15.09.2029 was quoted at 10.12/18 percent, from 10.25/30 percent. A bond maturing on 15.10.2030 was quoted at 10.25/35 percent, up from 10.25/32 percent. An auction of Rs 143,000 million Treasury bills was ongoing.



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Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle

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Tourists in SL: Dwindling numbers

Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.

The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.

“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.

According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.

“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.

The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.

They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.

Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.

“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.

They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.

“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.

In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.

The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.

By Hiran H Senewiratne

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Refurbished AAC Call Box declared open

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The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.

The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).

The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.

Call Technical Officer Sampath Madagama on 0767315696.

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Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026

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From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.

Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.

Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.

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