Business
ASPI hits yet another high; ‘banks awash with excess liquidity’
By Hiran H.Senewiratne
The stock market yesterday was once again extremely bullish and the All Share Price Index surpassed the 17,000 mark during afternoon trade. The low interest regime and conducive market environment pushed the mark to positive territory.
The CSE has been on a bull- run amid low interest rates and banks have been awash with excess liquidity in the last quarter making margin loans cheap.
On Tuesday Fitch Ratings upgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale.
Amid those developments both indices moved upwards. The broader ASPI was up by 197 points. The more liquid S&P SL20 Index was up by 47.48 points. Turnover was Rs. 9.7 billion with 12 crossings.
Those crossings were reported in Meltacope, which crossed 3.7 million shares to the tune of Rs 463 million and its shares traded at Rs 123.50, CIC Holdings 1.1 million shares crossed to the tune of Rs 139 million; its shares soldat Rs 118, JKH 5.7 million shares crossed for Rs 137 million, its shares traded at Rs 23.90, HNB 350,000 shares crossed for Rs 135 million, its shares sold at Rs 359.
Access Engineering two million shares crossed for Rs 69 million, its shares traded at Rs 34.50, Dipped Products one million shares crossed to the tune of Rs 59.50 million; its shares traded at Rs 59.50, TJ Lanka 850,000 shares crossed for Rs 47.1 million, its shares traded at Rs 55.5, CCS 500,000 shares crossed to the tune of Rs 45 million; its shares traded at Rs 90, CIC (Non- Voting) 300,000 shares crossed to the tune of Rs 26.2 million; its shares sold at Rs 87.50, NDB 180,000 shares crossed for Rs 23.4 million and its shares fetched Rs 130, Commercial Bank 143,000 shares crossed to the tune of Rs 21.4 million, its shares traded at Rs 150 and Ambeon Capital 750,000 shares crossed to the tune of Rs 20.2 million, its shares sold at Rs 27.
In the retail market companies that mainly contributed to the turnover were; HNB Rs 705 million (1.9 million shares traded), Ambeon Capital Rs 517 million (18 million shares traded), Browns Investments Rs 481 million (55.3 million shares traded), Dipped Products Rs 357 million (5.9 million shares traded), CIC Rs 258 million (2.2 million shares traded) and Access Engineering Rs 256 million (seven million shares traded). During the day 304 million share volumes changed hands in 46000 transactions.
It is said that the banking sector was the main contributor to the turnover, especially HNB which contributed 31.9 index points, while the manufacturing sector was the second highest contributor to the market, especially CIC, JKH and many more companies.
Yesterday, the rupee was quoted at Rs 298.80/299.20 to the US dollar in the spot market, weaker from Rs 298.80/299.00 to the US dollar the previous day, while bond yields were broadly stable, dealers said.
Stocks were up 0.61 percent. A bond maturing on 15.12.2026 was quoted at 9.15/20 percent, up from 9.05/20 percent. A bond maturing on 15.09.2027 was quoted at 9.75/80 percent, up from 9.70/85 percent. A bond maturing on 15.02.2028 was quoted at 10.12/15 percent, up from 10.10/15 percent. A bond maturing on 01.05.2028 was quoted at 10.25/30 percent, up from 10.20/30 percent. A bond maturing on 01.07.2028 was quoted at 10.32/37 percent. A bond maturing on 15.09.2029 was quoted at 10.75/85 percent, up from 10.70/80 percent.
A bond maturing on 15.10.2030 was quoted at 11.32/37 percent, up from 11.25/35 percent.
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
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