Business
CSE turnover remains in billions range but indices dip

By Hiran H.Senewiratne
CSE completed 13 consecutive days of gains, showing consistency, as investor sentiment gathered more momentum due to the low interest rate regime. Despite high turnover levels both indices moved downwards yesterday, stock market analysts said.
Yesterday the market was positive in the morning but during the latter part of the day it could not maintain its momentum, when both indices moved downwards. The All Share Price Index went down by 5. 93 points and S and P SL20 declined by 16. 53 points.
Turnover stood at Rs. 3.88 billion with four crossings. Those crossings were reported in JKH, which crossed 195,000 shares to the tune of Rs. 29.7 million, its shares trading at Rs. 152.30, Abans Electricals 196,000 shares crossed for Rs. 29.4 million, its shares traded at Rs. 150, Softlogic Life Insurance 800,000 shares crossed for Rs. 28.4 million its shares trading at Rs. 35.50 and Hemas Holdings 220,000 shares crossed for Rs. 20.2 million, a share trading at Rs. 92.
In the retail market top five contributors to the turnover were Browns Investments Rs 1.33 billion (357.1 million shares traded), Softlogic Life Rs 435 million (2.75 million shares traded), Hemas Holdings Rs 254 million (2.75 million shares traded), Expolanka Rs 225 million (8.6 million shares traded) and LOLC Rs 91.9 million (650,000 shares traded). During the day 477 million share volumes changed hands in 25622 transactions.
During the day Browns Investments, a favourite counter among certain investors, saw its share price fall by three percent or 10 cents. However, on the previous day Browns Investments shot up by 70 cents or 23 percent due to market speculation.
Further, LOLC, a leading listed company in the stock market, announced a debenture issue. The company will issue 65 million debentures at Rs. 100 to raise 6.5 billion, stock market sources said.
It said high net worth and institutional investor participation was noted in National Development Bank, JKH and Hayleys Fabric. Mixed interest was observed in Hemas Holdings, Softlogic Life Insurance and HNB, while retail interest was noted in Browns Investments, LOLC Holdings and Expolanka Holdings.
Sri Lanka rupee was quoted flat at 185.70/186.00 to the US dollar on Thursday in the spot market while yields remained unchanged in dull market trade, dealers said.
The rupee closed at 185.70/186.00 to the US dollar on Wednesday against the US dollar.
Business
SIA warns of 1,000 SME collapses, urges fair policies to protect Sri Lanka’s rooftop solar sector

By Sanath Nanayakkare
The Solar Industries Association (SIA), representing over 1,000 companies and employing 40,000 workers in Sri Lanka’s rooftop solar sector, issued a stern warning recently regarding threats to the industry’s survival and the nation’s renewable energy ambitions. The association condemned recent regulatory instability and called for urgent policy reforms to avert economic and social crises.
The SIA categorically rejected the Ceylon Electricity Board’s (CEB) claim that rooftop solar installations caused the recent island-wide power outage, calling the accusation “baseless and misleading.”
“Public trust is eroded when accountability is misdirected,” the SIA stated. “We demand an independent, transparent investigation led by experts appointed by the Ministry or the Public Utilities Commission (PUCSL). The CEB’s unilateral statements disregard the sector’s contributions and jeopardize Sri Lanka’s renewable energy transition,” they said.
“While acknowledging the formation of a tariff determination committee, the SIA criticized its narrow focus on financial parameters, ignoring the sector’s socioeconomic value. Rooftop solar empowers businesses and households with energy independence, reduces grid strain, and supports climate goals. However, proposed volatile tariff structures risk destabilizing over 100,000 installations—primarily owned by middle-class families—and deter future investment,” they noted.
“A rigid, equation-based tariff system is unsustainable,” the association warned. “Sri Lanka needs a stable policy framework to attract long-term investments. For instance, retirees could invest EPF savings into solar projects, securing income while advancing national energy targets. Without urgent action, 1,000 SMEs and 40,000 jobs face collapse, with dire consequences for employment, energy security, and economic stability,” they pointed out.
SIA urged policymakers to establish an independent committee to investigate the power outage fairly, expand the tariff committee’s mandate to include socioeconomic and environmental benefits and implement predictable policies to safeguard SMEs, households, and investor confidence.
“Sri Lanka stands at a crossroads,” the SIA emphasized. “Protecting rooftop solar isn’t just about energy—it’s about livelihoods, economic resilience, and a sustainable future. We urge stakeholders to collaborate on solutions that prioritize both people and progress,: they emphasized.
Business
SLT-MOBITEL partners with the Rush Lanka Group to power its apartment portfolio

SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents.
The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff, Director of Construction at the Rush Group headquarters. Representatives from both companies also attended the ceremony.
Under the partnership, SLT-MOBITEL will serve as the exclusive digital service provider for five prestigious Rush Lanka developments including Street Rush Residencies and Rush Court 4 in Mt. Lavinia, Rush Tower 2, Rush Metropolis in Dehiwala, and Rush Court 5 in Colombo 14. The collaboration ensures residents will enjoy superior fibre connectivity speeds, enabling seamless digital experiences in modern smart homes. The partnership with the Rush Lanka Group aligns with SLT-MOBITEL’s commitment to offer ultra-fast, reliable connectivity solutions to residential developments. Delivering exclusive fibre connectivity to luxury apartments, SLT-MOBITEL ensures residents have access to world-class digital services that complement the living experience promised by Rush Lanka Group.
Powered by advanced fibre technology, SLT-MOBITEL network will provide the residences with seamless performance across digital activities. The SLT-MOBITEL Fibre backbone ensures lag-free experiences whether tenants are gaming online, attending virtual classes, working remotely, or streaming high-definition entertainment. SLT-MOBITEL Fibre will transform the lifestyles of all apartment users bringing greater convenience and superior quality of life.
Rush Lanka Group, established in 1992, is a property developer specializing in luxury and semi-luxury apartments.
Business
Sri Lanka makes outstanding appearance at OTM and SATTE 2025 in India

Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre, Mumbai—India, from 30th January to 01st February 2025.Before OTM, the Global Village – Global Exchange & Trade Exhibition was held at the Surat International Exhibition & Convention Centre , Sarsana, Surat (Gujarat – India , from 25th to 27th January 2025. This travel fair was organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI).
Sri Lanka participated in both OTM and South Asia’s Travel & Tourism Exchange (SATTE), held from 19th – 21st Feb 2025, in New Delhi, India . This was an excellent opportunity for Sri Lanka to promote it’s potential as a unique travel destination, especially for the Indian counterparts, as SLTPB has identified India as the number one source market for Sri Lanka, tourism bringing the largest number of tourist arrivals to the destination.
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