Business
Documentary on 72 years of Sri Lankan history
In a brand new initiative, under the working title ‘Project 72’, Roar Media and author Sarah Kabir are set to take a deep dive into Sri Lanka’s past since gaining Independence in 1948, entertainingly and educationally covering some of the most defining years in the nation’s history.
A first-of-its-kind documentary, Project 72 will portray Sri Lanka’s journey since Independence in a way it has never been seen before; From brilliant political manoeuvring to battles won and lost, ethnic tensions and moments of kindness — all through the eyes of witnesses, the voices of experts, and the memories of citizens who lived through these events.
Speaking on the project, Sarah Kabir stated: “Sri Lanka’s post-Independence history has largely been overlooked in the education curricula. From mainstream sources, we either hear one-sided accounts of events or nothing at all. As the saying goes, ‘If we close our eyes to the past, we remain blind to the present.’ Roar Media and I have embarked on this exciting new project hoping to spark debate and discussion amongst Sri Lankans, create awareness, and convey a pluralist history.”
The documentary hopes to provide in-depth coverage of key events from Sri Lanka’s past that have impacted the present, both negatively and positively, in an entertaining and educational manner. Focused on raising awareness and highlighting the struggles and the wins the country has gone through, Project 72 aims to be a comprehensive resource of the key milestones in Sri Lankan history, by focusing on a string of intersecting events and key debates and issues of the time.
The documentary will combine footage, images, animation, infographics, eye-witness accounts, and as many as 50 interviews from experts, and people who have spent their life researching and understanding these events and issues, as well as political leaders and key decision-makers at the time, and those who were eye-witnesses to many of these events, to provide a balanced and comprehensive perspective of Sri Lanka’s journey since Independence.
Coupled with a dynamic narration style and stunning visual representation, Project 72’s unadulterated narratives are set to match some of the top documentaries that are being streamed on platforms like Netflix.
Roar Media Editor-in-Chief Roel Raymond, speaking on the upcoming documentary, stated: “This is an ambitious and challenging — but deeply satisfying project we’ve embarked on, with Sarah Kabir, that seeks not just to confront our own—often inadequate—knowledge of Sri Lanka’s post-colonial history, but also creatively present our findings to a diverse and large audience, so that we are all able to function as an informed citizenry, with the ability to perform our civic duties.
“Creating impactful, authentic content is at the heart of what Roar does, and this project resonates with these goals, making for a seamless partnership—most certainly the first of many more to come.”
The documentary will be made available on its own comprehensive website in English, Sinhala and Tamil, along with a range of supporting materials, such as timelines, articles and more, so that all relevant information presented in the documentary is available for viewing at a glance. It will also host links to other related material, media, and content so that it will serve as a larger repository for information that gives historical context to the subject matter in the documentary.
Project 72 is, in many ways, a groundbreaking genre of filmmaking in Sri Lanka, as it bridges the gap between education, entertainment, and insight, to tell Sri Lanka’s story as it has never been told before.
Stay tuned to Roar Media’s social channels to watch the project unfold.
Business
SEC Sri Lanka eases Minimum Public Holding Rules for listings via introductions to boost market flexibility
The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method.
These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of 12 key strategic initiatives launched by the SEC to strengthen Sri Lanka’s capital market framework. Project 6 aims to drive national capital formation, promote listings by highlighting benefits and opportunities for listed entities, and attract large-scale corporates to enhance market depth, liquidity, and investor confidence.
The amendments reflect a joint effort by the SEC and CSE, underscoring strong collaboration between the regulator and the Exchange to address evolving market needs while maintaining market integrity, transparency, and investor protection.
The salient features of the amendments to the CSE listing Rules are as follows;
Entities seeking listing by way of an Introduction on the Main Board or Diri Savi Board that are unable to meet the MPH requirement at the time of submitting the initial listing application, may now be granted a listing, subject to certain conditions on compliance.
Non-public shareholders who have held their shares for a minimum period of eighteen months prior to the date of the initial listing application may divest up to a maximum 2% of their shares each month during the six months commencing from the date of listing, and simultaneously, be subject to a lock-in requirement of 30% of their respective shareholdings as at the date of listing, until MPH compliance or 18 months from the date of listing, whichever occurs first.
A phased MPH compliance framework has been introduced requiring a minimum 50% compliance with MPH requirement within 12 months and full compliance within 18 months from the date of listing.
Entities should include clear disclosures in the Introductory Document confirming their obligation to meet MPH requirements within the prescribed timelines.
In the event of non-compliance with the MPH requirement, certain enforcement actions have also been introduced.
The revised framework is expected to encourage more companies to consider listing via Introduction, thereby broadening market participation, improving liquidity, and contributing to the overall development of Sri Lanka’s capital market. Issuers, investors, and market intermediaries will benefit from a more enabling yet well-regulated listing environment.
Stock market activities were positive yesterday, mainly driven by manufacturing sector counters, especially Sierra Cables, Royal Ceramics and ACL Cables. Further, there was some investor confidence in construction sector counters as well.
Amid those developments both indices moved upwards. The All Share Price Index went up by 150.54 points, while the S and P SL20 rose by 41.5 points. Turnover stood at Rs 4.65 billion with six crossings.
Those crossings were reported in Royal Ceramics which crossed 3.8 million shares to the tune of Rs 174.3 million; its share s traded at Rs 45.20, VallibelOne 1.4 million shares crossed to the tune of Rs 138.6 million; its shares traded at Rs 99, Melstacorp 500,000 shares crossed for Rs 87.24 million; its shares traded at Rs 174.50, Sierra Cables two million shares crossed for Rs 68.2 million, its shares sold at Rs 34.30, Kingsbury 1.5 million shares crossed for Rs 31.8 million; its shares traded at Rs 21.20.
In the retail market companies that mainly contributed to the turnover were; Sierra Cables Rs 418 million (20 million shares traded), Royal Ceramics Rs 363 million (eight million shares traded), Colombo Dockyards Rs 323 million (1.7 million shares traded), ACL Rs 311 million (3.5 million shares traded), Renuka Agri Rs 149 million (12.3 million shares traded), Sampath Bank Rs 94.7 million (648,000 shares traded) and Bogala Graphite Rs 86.4 million (529,000 shares traded). During the day 122.8 million shares volumes changed hands in 34453 transactions.
Yesterday the rupee opened at Rs 310.00/25 to the US dollar in the spot market, weaker from Rs 310.00/310.20 the previous day, dealers said, while bond yields were broadly steady.
By Hiran H Senewiratne
Atlas, Sri Lanka’s leading learning brand, reaffirmed its purpose of making learning fun and enjoyable through the Atlas All-Island Art Competition 2025, which concluded with a gifting ceremony held recently at Arcade Independence Square under the theme ‘Atlas paata lowak dinana hetak’. Students from Preschool to Grade 11 showcased their talents across five categories, with all island winners receiving cash prizes, certificates, and gift packs. Additionally, merit winners in each category were also recognized. The event brought together students, parents, and educators, highlighting Sri Lanka’s cultural diversity, nurturing young talent, and reinforcing Atlas’s long-standing commitment to education, creativity, and building confidence among schoolchildren. The event concluded with the ‘Atlas Art Carnival’, which brought children and parents together through games and creative art activities in a fun and lively atmosphere.
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