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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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ASUS launches ‘cutting edge’ laptops in Sri Lanka for AI acceleration

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The newly launched ASUS ROG laptops

ASUS and Republic of Gamers (ROG) Sri Lanka officially launched their latest suite of computing innovations, setting a new benchmark for ultra-portability, AI acceleration, and next-generation gaming experiences in the country.

Unveiled at Shangri La, Colombo on May 7th, the lineup includes five cutting-edge laptops designed to cater to students, professionals, gamers, and creators, marking a transformative leap for Sri Lanka’s tech landscape.

Leading the charge is the ASUS Zenbook A14, the world’s lightest Copilot+ PC at just 980 grams. Featuring a durable Ceraluminum chassis, Snapdragon X processor, and a 45 TOPS NPU for AI tasks, it boasts an ASUS Lumina OLED display, up to 32-hour battery life, Wi-Fi 7, and 1 TB SSD storage. Meanwhile, the gaming-focused ROG Strix SCAR 16/18 and Zephyrus G16 pack Intel Core Ultra 9 processors and NVIDIA RTX 5090 GPUs, paired with 240Hz Mini-LED displays, customizable RGB lighting, and advanced cooling systems for marathon sessions.

“Our mission is to push boundaries in performance and design,” said Eric Ou, ASUS South Asia’s Regional Head, emphasizing the brand’s commitment to innovation. The new devices blend portability with power, offering AI-enhanced workflows and gaming prowess.With multi-day battery life and groundbreaking specs, ASUS aims to redefine how Sri Lankans work, create, and play.

By Sanath Nanayakkare

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Direct Kitchens opens flagship Colombo showroom blending Australian luxury design with local elegance

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Ceremonial opening of the Direct Kitchens showroom in Colombo, by Nalin Herath, Chairman and Managing Director of Home Lands Group

Direct Kitchens, Melbourne’s premier designer and manufacturer of high-end custom kitchens, marked a significant milestone with the launch of its first international showroom in Colombo, bringing over 40 years of world-class kitchen design expertise to sophisticated Sri Lankan homeowners. Located at No. 314, R.A. De Mel Mawatha, Colombo 03, the new Experience Centre reflects the brand’s commitment to luxury, craftsmanship, and innovation.

The soft launch of the showroom was attended by select invitees including Nalin Herath, Chairman and Managing Director of Home Lands Group, who graced the occasion as the Chief Guest, along with industry professionals and well-wishers.

For over three decades, Direct Kitchens has earned a stellar reputation in Australia for creating bespoke, luxurious kitchens that are as functional as they are visually stunning. From sleek modern designs to timeless French provincial and country styles, each kitchen is crafted with precision, using the finest materials and cutting-edge technology. The brand also specializes in a range of custom interior solutions including pantry units, wardrobes, closets, laundry units, and more—tailored to suit the lifestyle and aesthetic of each client. Direct Kitchens Sri Lanka is a subsidiary of Home Lands Group, Sri Lanka’s leading real estate solutions provider.

The Colombo Experience Centre marks the beginning of Direct Kitchens’ global journey in redefining sophisticated living spaces. Visitors to the showroom can explore a curated selection of premium kitchen displays, cabinetry styles, finishes, and fittings—guided by a team of expert designers who offer personalized consultations and complete project management services.

Speaking at the launch, Amaya Herath, Director of Direct Kitchens Sri Lanka, stated, “We are proud to bring the legacy of Direct Kitchens to Sri Lanka and offer homeowners here access to a new standard in luxury interior solutions. Our Experience Centre is more than just a showroom—it’s a space where creativity, lifestyle, and functionality meet. With our decades of expertise and design excellence, we look forward to helping our clients transform their homes into elegant, purposeful spaces.”

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W15 Ambuluwawa- Magic, mystery and magnificence

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Harold Samuel, a British real estate mogul is credited with the phrase- location, location, location, a sentiment that will forever be pertinent and one that is evident when you behold W15 Ambuluwawa, a white clad stunning boutique hotel perched atop an outcrop of land in Gampola, offering 360-degree views of hills wearing jade and crowns of white clouds. It is a magical place that invites guests to leave the ordinary behind and step into the extraordinary and be enveloped with an utter stillness of being and a peace that transcends quiet.

W15 Ambuluwawa is indeed a rare find, a gem that has been recently added to adorn the W15 Collection, a group of luxurious boutique hotels dotted across some of the most beautiful locations in Sri Lanka. The first boutique hotel to be opened within the Ambuluwawa biodiversity project, W15 Ambuluwawa, with one master suite, 4 deluxe and 3 standard rooms, has been designed with responsibility to the surroundings and sustainability at its core. The ingenuity of architectural genius is displayed from every space in this breathtaking property as the exterior beauty is captured through floor to ceiling windows, a spacious patio and a sundeck.

Guests can expect W15’s signature exceptional service with a large staff cadre and a personal butler assigned to each room, an extraordinary al-fresco dining experience where tastebuds will be tantalized while nature paints the skies with vivid hues and birdsong provides a harmony of background music. Evenings are for breathtaking sunsets to be imbued into your restless soul while you sip a sundowner on the patio.

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