Business
Finco Holdings’ stake in Printcare exceeds 11 percent; selling pressure in major banks
Finco Holdings (Pvt) Limited has increased its holding in Sri Lanka’s Printcare to 11.21 percent, CSE sources said.
“Following the execution of the above transaction, the shareholding of the aforementioned client in Printcare has exceeded 10 percent, CSE sources added.
Finco Holdings bought 2,648,582 ordinary shares, at Rs. 62 a share.
The company previously held 6,989,213 shares.
Amid those developments the stock market was volatile yesterday as selling pressure was noted in major banks, especially HNB, Sampath Bank and Commercial Bank, while Pan Asia Bank’s per share price shot up by 10 percent. Its initial price was Rs 34.80 and at the end of the day it moved up to Rs 38.
At the end of the day, the All Share Price Index was up by 62.5 points, while the S and P SL20 went up by 5.63 points. Turnover stood at Rs 5.9 billion with eight crossings.
Those crossings were reported in CT Holdings where 5.2 million shares crossed to the tune of Rs 2 billion and its shares traded at Rs 390, Cargills 4.5 million shares crossed for Rs 2 billion; its shares traded at 450, Pan Asia Bank 1.5 million shares crossed for Rs 55 million; its shares traded at 37.40, JKH two million shares crossed for 22.30 million; its shares sold at Rs 20.30, Lion Brewery 23000 shares crossed for Rs 28.5 million; its shares traded at Rs 1240, Melstacope 200,000 shares crossed for Rs 26.4 million and its shares sold at Rs 132, Lanka IOC 200,000 shares crossed for Rs 25.9 million; its shares traded at Rs 129.50 and Central Finance 110,000 shares crossed for Rs 21.9 million; its shares sold at Rs 199.
In the retail market top six companies that have mainly contributed to the turnover were; Lankem Developments Rs 215 million (10.5 million shares traded), Pan Asia Bank Rs 197 million (5.4 million shares traded), CTC Rs 83 million (61400 shares traded), JAT Holdings Rs 74 million (2.5 million shares traded), ACL Cables Rs 72 million (557,000 shares traded) and JKH Rs 67 million (3.3 million shares traded). During the day 77.3 million share volumes changed hands in 13664 transactions.
It is said that manufacturing sector counters actively participated at the floor, especially CT Holdings and Cargills, while other sectors also performed well. But a slight price depreciation in major three banks had negatively impacted the S and P SL20 index.
Yesterday, the rupee opened at Rs 299.42/47 to the US dollar in the spot market, against Wednesday’s close of 299.52/55, dealers said, while bond yields were broadly steady from the previous close.
A bond maturing on 15.02.2028 was quoted at 9.85/95 percent. A bond maturing on 01.09.2028 was quoted at 9.95/10.00 percent. A bond maturing on 15.12.2028 was quoted at 10.00/05 percent. A bond maturing on 15.06.2029 was quoted at 10.28/29 percent. A bond maturing on 15.12.2029 was quoted at 10.38/40 percent, from 10.35/42 percent. A bond maturing on 15.03.2031 was quoted flat at 10.85/95 percent.
By Hiran H Senewiratne
Business
JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification
JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).
JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.
Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.
A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.
Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:
“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”
The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.
Business
Industry bodies flag gaps in Draft National Electricity Policy
The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.
Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.
The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.
The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.
Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.
The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.
Business
Bank of Ceylon partners with 36th APB Sri Lanka Convention
Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.
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