Business
Harischandra Mills-centred major share purchase keeps bourse in good trim
One of Sri Lanka’s highly diversified entities, Hayleys Group, has bought into Harischandra Mills, a public listed consumer goods company, from Senthilverl Holdings, market sources said.Senthilverl Holdings had a 40 percent stake (779,123 shares) in the firm for many years.
The stock traded around Rs 3,300, spiking to Rs 5,250 on Thursday with 779,000 shares traded by mid-morning, CSE data showed.
Amid those developments the market performance was overall positive as investors are optimistic about corporate quarterly results. This has created a bullish sentiment for the market. Both indices showed an upward trend. The All Share Price Index went up by 194.50 points, while the S and P SL20 rose by 42.31 points. Turnover stood at Rs 11.8 billion with 18 crossings.
Top crossings were reported in Sanasa Development Bank, which crossed 22 million shares, worth Rs 49 per share, to the tune of Rs 1.1 billion, DFCC 5.9 million shares crossed for Rs 932 million; its shares traded at Rs 159, Lanka IOC 1.6 million shares crossed to the tune of Rs 212 million; its shares traded at Rs 134, Tokyo Cement 1.5 million shares crossed for Rs 149 million; its shares traded at Rs 93, People’s Leasing and Finance 3.5 million shares crossed for Rs 105 million; its shares traded at Rs 30 and RIL Properties three million shares crossed for Rs 102 million; its shares traded at Rs 34.40.
In the retail market top seven companies that have mainly contributed to the turnover were; Harischandra Mills Rs 2.5 billion (781,000 shares traded), People’s Leasing Rs 335 million (10.9 million shares traded), DFCC Rs 287 million (1.8 million shares traded), RIL Properties Rs 219 million (6.5 million shares traded), Pan Asia Bank Rs 207 million (2.9 million shares traded), LBL Energy Fund Rs 180 million (14 million shares traded) and HNB (Non-Voting) Rs 153 million (519,000 shares traded). During the day 283 million shares volumes changed hands in 38000 transactions.
It is said that the banking and finance sector led the market, especially Sanasa Developments Bank crossings and retail transactions, while Harischandra Mills share transaction made a major breakthrough for the market. Energy sector and real estate sectors also performed well at the floor.
Yesterday the rupee was quoted at Rs 303.15/25 to the US dollar, weaker from Rs 303.00/10 the previous day, while bond yields were broadly steady, dealers said.
A bond maturing on 15.12.2026 was quoted at 8.30/40 percent, up from 8.30/35 percent.
A bond maturing on 15.09.2027 was quoted flat at 8.75/85 percent.
A bond maturing on 01.07.2028 was quoted at 9.25/30 percent, down from 9.25/32 percent.
A bond maturing on 15.12.2029 was quoted at 9.70/75 percent, up from 9.70/73 percent.
A bond maturing on 15.12.2032 was quoted at 10.50/65 percent, up from 10.50/60 percent.
A bond maturing on 01.11.2033 was quoted at 10.67/75 percent, down from 10.65/75 percent.
The telegraphic transfer rates for the American dollar were 299.5000 buying, 306.5000 selling; the British pound was 401.7465 buying, and 413.1083 selling, and the euro was 348.4923 buying, 359.8555 selling.
By Hiran H Senewiratne ✍️
Business
Cargills adopts Crow Island Beach in partnership with Clean Ocean Force Lanka
Cargills Food and Beverage Ltd. through its brands KIST and Knuckles, has signed a Memorandum of Understanding (MoU) with Clean Ocean Force Lanka (COF) to adopt Crow Island Beach for one year, reinforcing its commitment to long-term coastal conservation in Sri Lanka.
This pioneering initiative is designed to protect and preserve the coastal environment through several key measures, including the removal of plastic and other pollutants from the beach and surrounding coastal area. As part of the adoption programme, the beach will be maintained daily with the support of dedicated beach caretakers, while also supporting their livelihoods by providing meaningful income opportunities.
Marking the partnership and in celebration of World Recycling Day, a coastal clean-up programme was conducted at Crow Island Beach to remove plastic and other manmade pollutants. Volunteers from Cargills, Clean Ocean Force Lanka, the Interact Club of Colombo, the Colombo Municipal Council and the Women’s Force of COF Negombo (Sri Vimukthi Association) participated in the clean-up with support from the Marine Environment Protection Authority (MEPA), the Sri Lanka Police Environmental Division and the Ministry of Local Government and Environment as well as the Crow Island Beach Park Society.
Jerome Fernando, Chairman & Co-founder of Clean Ocean Force Lanka said that, “Marine & Coast Conservation demands a unified front. Our unique Public-Private-People Partnership model is the cornerstone of our mission, and today, we are thrilled to welcome Cargills (Ceylon) PLC as a vital partner in this journey adopting the Crow Island Beach for the next one year. This collaboration will not only amplify our efforts to eliminate plastic and manmade pollutants from our beaches, but also reinforce our commitment to empowering marginalized communities through sustainable livelihood opportunities. Cargills’ deep-rooted dedication to environmental sustainability and community wellbeing perfectly aligns with our vision.”

Jagath Gunasekara, General Manager of MEPA added, “The Marine Environment Protection Authority consistently promotes active private sector engagement in marine and coastal conservation, as well as pollution control initiatives. This approach aligns closely with our Beach Caretaker Programme. We are pleased to collaborate with Cargills (Ceylon) PLC in the adoption of Crow Island Beach through our long-standing partnership with Clean Ocean Force Lanka.”
During the event, Knuckles also launched Sri Lanka’s first tethered bottle cap, introducing a packaging innovation aimed at improving plastic waste management and supporting recycling efforts. The tethered cap is designed to remain attached to the bottle after opening, reducing the likelihood of caps being discarded separately. Bottle caps are among the most commonly littered plastic items globally and frequently enter landfills and waterways due to their small size and low collection rates.
Speaking on the initiative, Arjuna Kumarasinghe, Managing Director of Cargills Food & Beverage Ltd., said, “Cargills has always believed in taking responsibility for the communities and environments around us. By adopting Crow Island Beach, we’re able to work closely with our partners and local volunteers to protect this part of our coastline. Launching the tethered bottle cap is another way we’re addressing plastic waste and making recycling easier for everyone.”
Business
CBSL adopts cautious stance in the face of economic uncertainties
The Central Bank is keeping its overnight policy rates unchanged, adopting a cautious stance amid uncertainty over the inflationary impact of energy prices due to the Middle East crisis.
‘We maintained the overnight policy rate at 7.75 percent, considering low inflation and a restrained approach on the fallout of the US-Israeli war on Iran, Central Bank Governor Dr Nandalal Weerasinghe said.
The Governor made these remarks yesterday at a press briefing held at the Central Bank head office in Colombo to announce the monthly monetary policy stance.
Dr Weerasinghe added: ‘Inflation is now expected to reach the Central Bank’s target of 5 percent in the second quarter of 2026, after Sri Lanka raised fuel prices by about 35 percent this month.
‘However, spillovers from the ongoing conflict could weigh on domestic economic activity in the period ahead should the conflict be prolonged.
‘The rates were steady since last May as the nation recovers from a 2022 financial crisis driven by a severe dollar shortage.
‘Supported by a US$ 2.9 billion programme with the IMF, Sri Lanka posted a strong economic recovery last year, growing by 5 percent and now targeting growth between 4 percent and 5 per cent in 2026.
‘What stands out is that they see space for inflation to rise because of energy prices but still stay contained.
‘From now to June, underlying economic momentum has the space to keep pace despite the disruption because domestic liquidity and credit has been quite substantial as well.
‘An IMF team will arrive in Colombo on Friday for the combined fifth and sixth reviews of the bailout.
‘Furthermore, Gross Official Reserves increased to US$ 7.3 billion at end February 2026 and the Central Bank purchased a substantial amount of foreign exchange from the market in the first two months of the year.
‘However, the ongoing conflict in the Middle East poses risks to Sri Lanka’s external sector outlook, particularly through energy, tourism, trade and remittance flows, although the overall magnitude of the impact remains uncertain.
‘While the Sri Lanka rupee remained relatively stable in early 2026, some depreciation pressures were observed following the onset of the Middle East conflict, similar to the exchange rates of regional peers.
‘Meanwhile, the Monetary Policy Board remains prepared to implement appropriate policy measures to ensure that inflation stabilizes around the target, while supporting the economy to reach its potential.’
By Hiran H Senewiratne
Business
Dialog Unveils Dialog Play Mini with Netflix and Apple TV
Dialog Television, Sri Lanka’s #1 Pay-TV service provider, has announced the latest upgrade to its smart entertainment lineup with the Dialog Play Mini, featuring seamless access to global streaming platforms including Netflix, Apple TV and YouTube, alongside the Dialog Play entertainment ecosystem for a unified viewing experience. Previously known as the ViU Mini, the device has now been reintroduced as the Dialog Play Mini, reflecting the evolution of Dialog’s digital entertainment platform under the Dialog Play brand.
The Dialog Play Mini transforms any television into a smart 4K entertainment hub by enabling hybrid multi-platform streaming across leading global and local content platforms, delivering a smoother, more intuitive viewing experience. Whether enjoying Netflix originals, Apple TV exclusives, or local favorites, households can now experience world-class entertainment in one compact device.
The Dialog Play Mini brings a streamlined, user-friendly experience to any home setup. Its single numeric-keypad remote controls both the TV and the device, offering simplicity and convenience for everyday viewing. With multiple connectivity options including Wi-Fi, hotspot, LAN, or wingle, the device ensures uninterrupted entertainment even in areas without smart TVs or advanced broadband setups.
Bridging the gap between entry-level set-top boxes and premium Android TV devices, the Dialog Play Mini offers a plug-and-play smart experience. Supported by Dialog’s nationwide service network, local warranty, and after-sales care, it delivers a reliable, feature-rich entertainment experience for Sri Lankan homes.
“With Dialog Play Mini, entertainment becomes more directly accessible for every Sri Lankan home – with or without a Smart TV,” said Lim Li San, Group Chief Operating Officer of Dialog Axiata PLC. “By bringing Netflix, Apple TV, YouTube, and Dialog Play together in one compact 4K-ready device, we’re redefining home entertainment through simplicity, innovation, and the power of connectivity.”
The Dialog Play Mini is now available at Dialog Experience Centers and authorized retailers islandwide. To purchase online, please visit
https://dialog.lk/dialog-play-mini
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