Business
George Steuart announces voluntary offer to buy HVA Foods shares
By Hiran H.Senewiratne
George Steuart announced a voluntary offer to purchase all the shares of HVA Foods PLC from its major shareholder HVA Lanka Export (Pvt) Limited at a share price of Rs. 3.50. The major shareholder company holds 61.1 percent and they are planning to divest 51.1 percent, which is equal to 40.6 million shares to the buyer, stock market analysts said.
However, yesterday an HVA share traded at Rs. 6.60. With the per share offer George Steuart will be enjoying an approximately 47 percent discount for the voluntary offer, stock market analysts said.
HVA Foods Plc is engaged in the processing, packing and export of teas. The company is also engaged in the development, manufacture and distribution of tea extract-based products, contract packing of teas and franchise operations of tea cafes.
CSE began the last month of 2020 on a positive note with healthy turnover sustaining the momentum seen in November. Therefore, the market was positive and almost all the shares of companies marginally gained yesterday, market analysts said.
It said high net worth and institutional investor participation was noted in Aitken Spence, JKH and Distilleries Company of Sri Lanka. Mixed interest was observed in Commercial Bank, Tokyo Cement Company non-voting and Browns Investments, while retail interest was noted in ACL Cables, Expolanka Holdings and Melstacorp.
Amid those developments both indices moved upwards. All Share Price Index was up by 28.38 points and S and P SL20 up by 14.35 points. The turnover stood at Rs. 2.26 billion with three crossings. Those crossings were reported in Ambeon Holdings (formally known as Greg) crossed five million shares to the tune of Rs. 97.5 million and its share traded at Rs. 19.50, Seylan Bank one million shares crossed for Rs. 45 million and its share traded at Rs. 45 and Distilleries 1.46 million shares crossed for Rs. 31 million and its share traded at Rs. 21.30.
In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs. 177 million (6.6 million shares traded), JKH Rs. 166.5 million (12 million shares traded), Melstacorp Rs. 106.5 million (2.5 million shares traded), Browns Investment Rs. 98.6 million (37.5 million shares traded) and Royal Ceramic Rs. 70.7 million (450,000 shares traded). During the day 111.5 million share volumes changed hands in 22037 transactions
Sri Lanka rupee was quoted at 186.20/50 to the US dollar in the one-month-forwards on Wednesday while gilt yields remained unchanged in the overall market, dealers said. The rupee closed at 186.00/30 in the spot next to the US dollar on Monday.
Business
Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle
Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.
The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.
“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.
According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.
“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.
The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.
They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.
Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.
“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.
They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.
“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.
In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.
The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.
By Hiran H Senewiratne
Business
Refurbished AAC Call Box declared open
The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.
The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).
The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.
Call Technical Officer Sampath Madagama on 0767315696.
Business
Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story
As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.
Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.
Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.
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