Business
LOLC seeking opportunities in local and international leisure sectors
By Hiran H.Senewiratne
CSE activities were positive yesterday and manufacturing sector shares appreciated for the third consecutive day caused by rumours that a Chinese loan is being granted to the country to revive the local manufacturing sector, stock market analysts said.
Apart from that, LOLC is now in the process of entering the local and international leisure sectors in a significant manner. A fully owned subsidiary of Browns Investments, BI Leisure Holdings, has been incorporated in the United Arab Emirates and it has entered into a share sales and purchase agreement to acquire PL Resort Limited, which is a private company established in Mauritius. The company’s value is US $ 12 million and the purchase consideration would be US $ 3.7 million, company sources said.
According to PL Resort Limited, the company owns a 100 room capacity luxury beach resort in Mauritius. Meanwhile, another one of LOLC’s fully owned subsidiaries, Palm Garden Hotel PLC, is in discussions with the owners of some local and foreign leisure companies to acquire them. However, no finality has been reached thus far, stock market analysts said.
With these developments the CSE acquired more positive momentum. Accordingly, both indices moved upwards. All Share Price Index was up by 45.95 points and S and P SL20 up by 16.07 points. Turnover stood at Rs. 1.93 billion with two crossings. These crossings were reported in JKH, which crossed 563,000 shares to the tune of Rs. 76.1 million, its shares traded at Rs. 135.25 and Tokyo Cement (Non Voting) 485,000 shares crossed for Rs. 27.9 million, its shares traded at Rs. 57.50.
In the retail market, top five companies that mainly contributed to the turnover were, Expolanka Rs. 308 million (5.82 million shares traded), LOLC Rs. 160 million (388,000 shares traded), Dipped Products Rs. 87.7 million (1,81 million shares traded), Hayleys Fabrics Rs. 95 million (4.32 million shares traded) and People’s Leasing Rs. 62.1 million (4.7 million shares traded). During the day122.8 million share volumes changed hands in 20826 transactions.
The Sri Lankan rupee was last quoted at Rs. 198.5 against the U.S. dollar. The equity market’s turnover was Rs. 2.26 billion ($11.37 million), according to exchange data.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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