Business
JKH quarterly results and clarification on polls boost bourse

By Hiran H. Senewiratne
The stock market picked up throughout yesterday due to multiple reasons. Sri Lanka’s premier listed company with the highest market capitalization, JKH’s impressive quarterly earnings, gave an impetus to the market, analysts said.
Further, President Ranil Wickramasinghe announced that the presidential election will be held this year and that money has been already allocated for that purpose at the Cabinet meeting, thus nullifying speculation about a general election.
Amid those developments both indices moved upwards. The All Share Price Index went up by 131.8 points while S and P SL20 rose by 58.9 points. Turnover stood at Rs 1.46 billion with seven crossings.
Those crossings were reported in HNB, which crossed 400,000 shares to the tune of Rs 78.4 million and its shares traded at Rs 196, JKH 250,000 shares crossed for Rs 52 million; its shares traded at Rs 208.75, Ambeon Holdings 1.9 million shares crossed to the tune of Rs 27.6 million and its shares sold at Rs. 14.50, Pan Asian Bank 1 million shares crossed for Rs 22.5 million and its shares traded at Rs 22.50, Renuka Agri Rights 4 million shares crossed for Rs 21.6 million and its shares sold 90 Cents, Ceylon Lanka and Equity 2.5 million shares crossed to the tune of Rs 2.5 million; its shares traded at Rs 8.40 and Sampath Bank 200,000 shares crossed for Rs 20.3 million and its shares traded at Rs 78.
In the retail market top six companies that mainly contributed to the turnover were HNB Rs 147 million (744,000 shares traded), NTB Rs 98.9 million (801,000 shares traded), JKH Rs 80.7 million (388,000 shares traded), Hayleys Rs 59 million (633,000 shares traded), LOLC Finance Rs 38.4 million (5.8 million shares traded) and ACL Cables Rs 35 million (407,000 shares traded). During the day 1.9 million share volumes changed hands in 11349 transactions.
During the day banking sector counters performed well and became the highest contributor to the market.
Yesterday the rupee opened broadly stable at Rs 299.70/80 to the US dollar, from Rs 299.80/95 the previous day, dealers said. Bond yields were down. A bond maturing on 15.12.2026 was quoted at 9.95/10.00 percent from 9.90/10.05 percent. A bond maturing on 15.09.2027 was quoted down at 10.30/33 percent from 10.25/40 percent. A bond maturing on 15.03.2028 was quoted at 10.55/65 percent down from 10.65/70 percent. A bond maturing on 15.05.2030 was quoted at 11.55/65 percent.
Business
‘Sri Lanka is a Union Country’, says global labour leader

ITF pledges expanded partnership with transport sector workers at Colombo Welfare Hub launch
In a landmark moment for Sri Lanka’s transport sector, the International Transport Workers’ Federation (ITF) unveiled The Palace—a brand new welfare facility for seafarers—while declaring its commitment to partner with the nation’s entire transport workforce.
ITF General Secretary Stephen Cotton delivered a stirring message at the launch on March 20, hailing Sri Lanka as “a union country” with robust labour laws and a resilient worker-led culture; a rare endorsement from a global labour leader.
“I call Sri Lanka a union country because it’s a nation that takes pride in its labor laws and collective strength,” Cotton declared to a room of policymakers, shipowners, ship crews, ILO officials, women seafarers and maritime stakeholders.
“The ITF doesn’t just want to support seafarers—we’re here to partner with all transport workers, from railways to ports, to build a fairer future,” he said.
Located in central Colombo, The Palace—a collaboration between the ITF, its Seafarers Trust, and the National Union of Sri Lankan Seafarers (NUSS) —aims to transform the lives of maritime workers. The facility offers affordable lodging, family reunification spaces, counseling, and recreational resources for seafarers transitioning to and from grueling voyages.
Boa Athu, President of NUSS called it a “long-overdue sanctuary” for workers who sustain Sri Lanka’s economy through foreign remittances.
Cotton emphasized the timing of the launch amid global instability: “We’re in turbulent times—geopolitical shifts, climate crises, and economic uncertainty. But here, Sri Lanka’s unions have shown what solidarity can achieve. He noted NUSS’s growth from 7 to 30,000 members, calling it a “phenomenal” model for worker empowerment.
The ITF’s vision extends far beyond the docks. Cotton revealed he had met with railway workers the day prior, signaling broader ambitions.
Transport workers were the lifeblood of the global economy linking supply chains and keeping the world moving, and they were vital to successfully responding to the challenge of Covid-19. We mustn’t forget the risks that transport workers faced on the frontlines. Now, we must ensure they’re shielded from crises like climate change,” he said, framing the climate emergency as a “workers’ crisis” requiring urgent re-training for green energy transitions.
With partnerships spanning the UN Global Compact and International Maritime Organization, the ITF plans a Singapore forum to accelerate fossil fuel phase-outs.
“Seafarers here are already training for new energy technologies—but placing them in jobs remains a challenge,” Cotton admitted.
Referencing global political volatility—including U.S. leadership shifts—Cotton stressed the need for “predictable” worker alliances like the ITF. He praised Sri Lanka’s push to grow its maritime economy, including government plans to boost container capacity and recruit women into skilled and rewarding roles.
“The Palace isn’t just a building—it’s a symbol of what’s possible when unions, governments, and global partners unite,” Cotton said. “Sri Lanka’s workers are its economy. Safeguarding their wellbeing isn’t charity—it’s strategic,” he said.
As the ITF expands collaborations in Brazil, Mexico, and beyond, Sri Lanka’s transport sector stands at a crossroads. The Palace offers immediate relief for seafarers, but Cotton’s message signals a larger ambition: positioning the island as a beacon of worker solidarity in an unstable world.
For Sri Lanka’s 30,000-strong NUSS members—and thousands more in railways, ports, and tourism—the call is clear: the fight for fair conditions is now a global alliance.
By Sanath Nanayakkare
Business
Alipay+ joins as Gold Sponsor of LankaPay Technnovation Awards 2025

LankaPay – Sri Lanka’s National Payment Network recently announced its partnership with Alipay+ as the Gold Sponsor of the LankaPay Technnovation Awards 2025. This marks Alipay+’s second consecutive year of collaboration at this landmark event, reinforcing Alipay+’s commitment to advancing digital payment solutions and financial innovation in Sri Lanka’s evolving financial sector.
LankaPay Technnovation Awards is Sri Lanka’s first and the only payment technology innovation awards; and the only financial sector awards competition in the country which is organized for the 7th time in 2025. The grand finale is scheduled to be held on 26th March 2025 from 6.00pm onwards at the Grand Ballroom, Shangri-La Colombo under the patronage of the Chief Guest – Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, and Deputy Minister of Digital Economy, Eng Eranga Weeraratne and Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy as Guests of Honour. The event will see an audience of over 500 movers and shakers of the country’s financial sectors including Chairmen and CEOs of FIs and FinTech companies, Government officials, policymakers and top-tier delegation of leading international payment networks.
Business
Sanasa Life Insurance sponsors 95th ‘Battle of the Maroons’

Sanasa Life Insurance sponsored the 95th edition of the big match between Ananda College and Nalanda College. The highly anticipated three-day big match ended in a draw. Adverse weather conditions prevented a decisive outcome, but based on their performances, both teams were declared joint winners.
‘The Best Fielder’ award was also sponsored by Sansa Life Insurance. “We see brilliant cricketing talent being played on the field right before our very eyes. These youngsters are the future of cricket that takes the name of Sri Lanka proudly to the world someday. We are glad to have been a part of their journey forward”, said Sanasa Life Insurance CEO Mr. Nuwanpriya Gunawardane, commenting on the outstanding fielding performance by Chanul Athukorala of Nalanda College.
Commenting on the match, Gunawardane added: “Sanasa Life Insurance is honoured to support this legendary cricketing battle. We believe in encouraging the younger generation to overcome challenges and strive for greatness. This match embodies those values.”
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