Business
Corporates’ positive quarterly results temporarily boost bourse
By Hiran H.Senewiratne
The CSE yesterday commenced trading on a positive note in the early sessions as most listed companies are showing satisfactory quarterly results. However, this momentum could not be sustained for long due to the current political uncertainty stemming from the upcoming presidential elections, market analysts said.
The fact is that most investors are worried that a replacement of the present administration would create policy uncertainties, these analysts added. Amid those developments, both indices moved upwards. The All Share Price Index went up by 16.1 points while S and P SL20 rose by 9.37 points.
Turnover stood at Rs 337 million with one crossing. The crossing was reported in Kelani Tyre, which crossed 458,000 shares to the tune of Rs 34.37 million; its shares traded at Rs 75.
In the retail market top seven companies that mainly contributed to the turnover were; Access Engineering Rs 31.2 million (1.4 million shares traded), Ceylinco Insurance Rs 27.2 million (10000 shares traded), Commercial Bank Rs 17 million (188,000 shares traded), JKH Rs 13.1 million (73000 shares traded), Sunshine Holdings Rs 12.8 million (213,000 shares traded), Singer (Sri Lanka) Rs. 12.5 million (801,000 shares traded) and Sampath Bank Rs 12.4 million (164,000 shares traded). During the day 14.97 million share volumes changed hands in 5789 transactions.
Meinwhile, CSE has approved in principle the listing of a maximum of 120 million Basel III compliant –Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable five-year (2024/2029), seven-year(2024/2031), and 10-year (2024/34) debentures, with a non-viability conversion (“debentures”), at the par value of Rs. 100 each by HNB.
HNB will issue 80 million said debentures with an option to issue a further 40 million with an even further option to issue another 20 million debentures in the event of an oversubscription of the initial issue to raise up to a maximum of 12 billion.
Yesterday, the rupee opened stronger at Rs 299.85/300.00 to the US dollar, dealers said. Bond yields were steady, they said, and stocks opened up 0.11 percent.
The rupee closed at Rs 300.00/20 to the greenback on Friday.
In the secondary market, Treasury bond yields were up, dealers said.
A bond maturing on 15.12.2026 was quoted at 11.00/10 percent, from 11.05/10 percent.
A bond maturing on 15.12.2027 was quoted stable at 12.10/20 percent.
A bond maturing on 15.02.2028 was quoted at 12.20/40 percent.
A bond maturing on 15.12.2029 was quoted stable at 12.60/70 percent.
Business
Indra Traders launches Athwela Programme in partnership with Bank of Ceylon
Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).
The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.
The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.
Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”
Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”
Business
Launch of new Beijing-Colombo air link announced in China
The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.
While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.
The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.
There was no word about the flight frequency and when the service will begin.
Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.
The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.
Business
SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App
SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.
Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.
Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.
The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.
Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.
Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.
Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.
To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.
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