Business
CLC beats Expolanka Holdings in market capitalization
By Hiran H. Senewiratne
Investor sentiment at the CSE remained mixed with the two price indices moving in opposite directions, though turnover was on a healthy trajectory. But the stock market was driven by Commercial Leasing and Finance PLC (CLC), which contributed 171 points to the All-Share Price Index. Further, CLC became the company with the biggest market capitalization in the CSE beating Expolanka Holdings yesterday, stock market analysts said.
CLC’s market capitalization swells to Rs 452 billion, which is 9.7 percent of the total market capitalization in the CSE. But Expolanka Holdings’ total market capitalization was around Rs 397 billion as of yesterday, stock market analysts said.
But on the previous day, CLC overtook parent and one- time high flyer LOLC Holdings PLC to become the second most valuable entity in the CSE. Its share price appreciated by 20 percent or Rs 12. Yesterday its shares started trading at Rs 59 and at the end of the day they shot up to Rs 71. Despite the bullish sentiment on the stock, CLC saw a relatively low volume with 7.2 million shares changing hands via 4,575 trades for Rs. 396.7 million.
Another LOLC subsidiary LOLC Finance’s share price also appreciated by 5 percent or 50 cents. Its shares began trading at Rs 9.80 and at the end of the day they shot up to Rs 10.30.
Amid those developments both indices showed mixed reactions. All Share Price Index went up by 140.31 points and S and P SL20 came down by 8.44 points. Turnover stood at Rs 6.1 billion with three crossings. Those crossings were reported in Access Engineering, which crossed 16.2 million shares to the tune of Rs 405 million and its shares traded at Rs 25, JKH 250,000 shares crossed for Rs 37.8 million, its shares traded at Rs 151 and Colombo Fort Lands two million shares crossed for Rs 31 million, its shares traded at Rs 15.50.
In the retail market top five companies that mainly contributed to the turnover were Expolanka Holdings Rs 1.03 billion (five million shares traded), Agalawatte Plantations Rs 786 million (25 million shares traded), Commercial Leasing and Finance Rs 754 million (10.9 million shares traded), LOLC Finance Rs 331 million (31.8 million shares traded) and Browns Investments Rs 308 million (29 million shares traded). During the day 188 million share volumes changed hands in 42000 transactions.
Ex-Pack Corrugated Cartons Limited’s Rs 700 million IPO, witnessed 6,000+ applicants seeking to subscribe, resulting in 11 plus oversubscriptions. This is the highest rate of oversubscription witnessed by any recent IPO, making it the highest subscribed IPO for 2021. The IPO, which opened on the 22nd of October 2021, was oversubscribed in a matter of minutes and, thus, closed at 4.30pm the same day. Yesterday the US dollar was quoted at Rs 202.55 as per the Central Bank controlled price.
Business
Asia-Pacific business leaders to accelerate sustainable business action
More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific.
Hosted by UN Global Compact Network Sri Lanka and organized by the UN Global Compact APAC Hub in collaboration with 14 Global Compact Country Networks, the forum strengthened regional collaboration and demonstrated the growing role of business leadership in advancing sustainable and inclusive growth across Asia-Pacific.
More than 80 high-level speakers from across the region contributed to the two-day programme, bringing together expertise from business, finance, government, the United Nations and civil society. The forum also convened an exceptional audience of CEOs, C-Suite, Board Directors, Heads of UN agencies and senior decision-makers, creating one of the region’s most significant platforms for cross-sector dialogue on sustainable business.
Across plenary dialogues, leadership panels and action-oriented workshops, participants explored the issues shaping the future of business in Asia-Pacific, including climate action, sustainable finance, gender equality, resilient supply chains, water stewardship, governance and integrity, digital innovation, human rights due diligence, circular economy solutions and ESG data for decision-making. Rather than focusing solely on ambition, Forward Faster Now challenged businesses to move from broad sustainability goals to target setting, practical decisions, stronger systems and action that can deliver progress at scale.
A defining milestone of the forum was the visit of Sanda Ojiambo, Assistant Secretary-General, CEO and Executive Director of the UN Global Compact. Her presence in Sri Lanka underscored the country’s growing role within the regional sustainability agenda and reinforced the importance of private sector leadership in delivering the Sustainable Development Goals.
Beyond the public programme, her visit included a series of bilateral engagements and strategic convenings with business and institutional leaders, deepening relationships and opening new avenues for engagement between the UN Global Compact and stakeholders in Sri Lanka.
The event also marked the launch of three significant initiatives by UN Global Compact Network Sri Lanka that will extend the impact of the convening well beyond the event itself. The Responsible Business Coalition was introduced as a new partnership to embed sustainability, and strengthen governance by bringing together Sri Lanka’s leading professional and industry associations to embed the Ten Principles of the UN Global Compact into their existing convening, training and thought-leadership channels, moving responsible business from a standalone function to a shared C-Suite and Board responsibility.
Business
Sri Lanka Insurance Corporation General celebrates ‘One Team, One Vision’ sales excellence at Annual Awards 2025
The Sri Lanka Insurance Corporation General Ltd. (SLICGL) team gathered to honour its top-performing sales professionals at the Annual Sales Awards 2025, held under the theme ‘One Team, One Vision’ on 20th August at the Monarch Imperial.
The evening convened sales leaders and high achievers throughout the island to celebrate a year of sustained performance, customer trust, and commitment which has kept SLICGL at the forefront of Sri Lanka’s general insurance sector.
Affirming SLICGL’s appreciation for the people driving success on the ground, the Sales Awards 2025 recognised those who went beyond targets, deepened client relationships, and contributed directly to the company’s continued expansion.
The event drew an unprecedented audience of over 700 participants. This year’s celebrations recognised a record number of winners, more than double the achievements honoured last year covering a diverse range of award categories reflecting excellence at every level of the business.
Nusith Kumaratunga, Chairman, Sri Lanka Insurance Corporation graced the event as the Chief Guest together with the Board of Directors and senior management of SLICGL also present as invited guests, encouraging and commending the winners for their outstanding achievements.
The award winners at this year’s ceremony included Insurance Advisors, Marketing Executives, Branch Managers, Regional Managers, and members of the Head Office Sales Channels, who were recognised and celebrated for their outstanding achievements in multiple categories.
Business
Sri Lanka to host SEARIC Summit 2026 for the first time, welcoming over 500 youth leaders from across South East Asia
Sri Lanka is set to host the SEARIC Summit 2026 from 11 to 13 September 2026 at the Pegasus Reef Hotel, marking the first time the country will host the flagship regional gathering of the South East Asia Rotaract Information Centre (SEARIC).
Hosted by Rotaract in Rotary International District 3220 (RID 3220) – Sri Lanka & Maldives, the three-day summit is expected to bring together more than 500 delegates from six countries, creating a regional platform for leadership development, knowledge exchange, cultural understanding and collaboration among young leaders. The South-East Asia Rotaract Information Centre (SEARIC) serves as a regional platform connecting Rotaract districts across South East Asia. It facilitates collaboration, information exchange, cultural understanding and joint initiatives among Rotaractors across the region. The annual SEARIC Summit serves as the network’s flagship gathering, bringing together Rotaractors and Rotarians from participating countries for shared learning, fellowship, cultural exchange and collective growth.
Under the theme “The Role of Technology in the Future of Careers and Services,” SEARIC Summit Sri Lanka 2026 will explore the rapidly changing relationship between technology, careers, leadership and community service. As emerging technologies continue to transform industries and the way people work, the summit will provide a platform for young leaders to examine how technology can be used not only to prepare for the future of work, but also to strengthen the way communities are served. Across three days, delegates will participate in leadership and professional development sessions, discussions, cultural experiences, networking opportunities and community-focused programming, with the central theme reflected throughout the summit programme.
Beyond the Rotaract movement, the event also contributes to Sri Lanka’s broader positioning as a destination for international conferences, youth leadership programmes and regional collaboration. With hundreds of international delegates travelling to the country, the summit provides an opportunity to showcase Sri Lanka’s hospitality, culture and potential as a host destination for future international gatherings. The event further creates a platform for young leaders from across South East Asia to connect with Sri Lankan counterparts, exchange ideas and explore opportunities for cross-border collaboration.
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