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JKH shares appreciate with firming of SLPA West Container Terminal deal

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By Hiran H.Senewiratne

CSE trading activities became positive yesterday due to improved investor sentiment stemming from the opening of the country after the one month lockdown, proper administration of the vaccination programme for the people by the government , releasing of a road map for the development of the economy by the Central Bank Governor Ajith Nivard Cabraal and the firming of a strategic deal concerning the Colombo Port, the Adani Group signed on a build-operate-transfer (BOT) basis with its local partner JKH and the Sri Lanka Ports Authority (SLPA). The aim of the latter is to jointly develop the SLPA’s West Container Terminal (WCT), stock market analysts said.

While the Adani Group has been in talks with JKH, one of the largest conglomerates in Sri Lanka, on aspects of design and a probable timeline for execution, Thursday’s agreement among all three stakeholders will bear details of the execution of the project, officials in Colombo, who are familiar with the negotiations, revealed to The Hindu newspaper. Owing to this US $ 700 million deal, JKH shares appreciated by Rs. 3.25 or 2.2 percent. Further, JKH became the second largest contributor to the All Share Price Index, which contributed 9.6 points.

Both CSE indices moved upwards. The All Share Price Index went up by 49.3 points and S and P SL20 rose by 49.1 points. Turnover stood at Rs. 6.9 billion with five crossings. Those crossings were reported in JKH, which crossed three million shares to the tune of Rs. 447 million and its shares traded at Rs. 149, Brown and Company 900,000 shares crossed for Rs. 180.6 million, its shares traded at Rs. 202, Expolanka Holdings 700,000 shares crossed for Rs. 140 million, a share traded at Rs. 200, Nation Development Bank 500,000 shares crossed for 38.2 million, its shares traded at Rs. 76.50 and Alumex 2.5 million shares crossed for Rs. 39 million, its shares fetched Rs. 12.

In the retail market, five companies that mainly contributed to the turnover were; Expolanka Holdings Rs. 1.95 billion (9.8 million shares traded), Brown and Company Rs. 918 million (88.7 million shares traded), LOLC Holdings Rs. 515 million (824,000 shares traded), JKH Rs. 426 million (2.8 million shares traded) and Ambeon Capital Rs. 305 million (20.3 million shares traded traded). During the day 284 million share volumes changed hands in 39000 transactions. Hotel sector counters showed a bit of price appreciation due to positive external environmental factors. Jetwing Symphony Hotel shares appreciated and the entity announced that they do not possess any undisclosed price sensitive information.

A director attached to Browns Investments, Kamantha Amarasekera, gifted five million shares worth Rs. 9.90 per share to the charitable organization, Helpage, amounting to Rs. 49.5 million.

Several more Hayleys Group companies announced interim dividends. Dipped Products declared a 95 cents per share first interim dividend, Alumex announced a 10 cents per share first interim and for Hayleys Fabric it was a 40 cents per share first interim. Haycarb on Tuesday announced an 80 cents per share first interim dividend.

Yesterday 1 US dollar was equal to 199.87 Sri Lankan rupees. This is liable to change depending on the Central Bank policy announcement today.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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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.

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Industry bodies flag gaps in Draft National Electricity Policy

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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.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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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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