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Overall drop in stock trading as M-E tensions escalate

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CSE trading activities indicated an overall drop yesterday due to an escalation of tensions in West Asia, market analysts said.

Local and foreign investors were reportedly adopting a careful stance when investing in the market. Both indices showed downward trend. The All Share Price Index went down by 110.70 points while the S and P SL20 declined by 19.36 points.

Turnover stood at Rs 2.15 billion with five crossings. Those crossings were; Commercial Bank 500,000 shares crossed to the tune of Rs 105 million; its shares traded at Rs 210, Digital Mobility Solutions 500,000 shares crossed for Rs 76.5 million; its shares sold at Rs 152, JKH 2 million shares crossed to the tune of Rs 40.8 million; its shares sold at Rs 20.30, LB Finance 150,000 shares crossed for Rs 23.1 million; its shares traded at Rs 154 and Chevron Lubricants 105,000 shares crossed for Rs 20.4 million; its shares fetched Rs 194.75.

In the retail market companies that mainly contributed to the turnover were; ACL Cables Rs 110 million (1.1 million shares traded), Citrus Leisure Rs 93.7 million (21 million shares traded), Digital Mobility Solutions Rs 90 million (588,000 ,shares traded), Merchants Bank of Sri Lanka and Finance Rs 73.6 million (5.3 million shares traded), Ceylon Grain Elevators Rs 73.1 million (158,000 shares traded), Janashakthi Rs 70.1 million (5.2 million shares traded) and LB Finance Rs 64.8 million (421,000 shares traded). During the day 23 million share volumes changed hands in 22150 transactions.

It is said that the banking sector performed well, especially Commercial Bank, while financial sector counters also performed well. Manufacturing sector, especially JKH and other manufacturing sector companies were also significantly active at the floor.

Melstacorp and Aitken Spence Hotel Holdings are offering to buy shares from Browns Beach Hotels minority shareholders at Rs 30 each.

Browns Beach Hotels announced in March that it would delist its shares from the CSE’s official list, and that it had made arrangements with the two majority shareholders to purchase shares from minority shareholders.

The Merchant Bank of Sri Lanka and Finance, a subsidiary of Bank of Ceylon, said it plans to raise Rs 999,123,120 through a rights issue offering 4 new preference shares for every existing 21 ordinary shares.

Yesterday, the rupee was quoted at 319.50/320.20 to the US dollar in the spot market after trades at 319.60/320.00 the previous day, dealers said, while bond yields were broadly steady.

On April 30 inflation reached the mid-point of the Central Bank’s target of 5 percent. The agency can create more inflation and depreciate the rupee even more, before any corrective action is taken.

A bond maturing on 15.06.2029 was quoted at 9.90/10.00 percent.

A bond maturing on 15.05.2030 was quoted at 10.15/20 percent.

A bond maturing on 01.06.2033 was quoted at 11.00/10 percent.

A bond maturing on 15.06.2034 was quoted at 11.15/25 percent, down from 11.20/25 percent.

Rs 100,000 million Treasury bills are to be issued through an auction on Wednesday.

By Hiran H Senewiratne



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AAC looks towards a future of vertical mobility in Sri Lanka

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Drones could be facilitators of vertical mobility.

The Automobile Association of Ceylon (AAC) is looking beyond the traditional boundaries of mobility and road safety toward the future of mobility through sustainable developments in vertical mobility applications under the global guidance of the Fédération Internationale de l’Automobile (FIA).

AAC President Mr. Dhammika Attygalle believes AAC has the potential to contribute sustainable and proven systems, regulatory understanding, and international mobility frameworks toward developing Sri Lanka’s future mobility landscape while supporting the country’s broader economic development.

Representing Sri Lanka at the recent FIA Regional Drone and Vertical Mobility initiative held in Nepal was AAC Executive Committee Board Member Indula Sumithraarachchi, who participated alongside regional delegates and international mobility experts discussing the applications of vertical mobility systems and evolving regulatory frameworks covering mobility integration, safety, aviation and legal regulations.

“As mobility technologies evolve globally, we see vertical mobility as a natural extension of future mobility ecosystems. We believe vertical mobility is connected to sustainable areas not limited to future urban mobility, transport and logistics, infrastructure integration, safety frameworks, disaster and emergency response, and environmental efficiency,” he stated.

Drones are already being commercially utilized in Sri Lanka for dronegraphy (photography and videography using drones), agriculture, surveying and mapping, events, and marketing. However, it is important that greater attention is given toward safety standards, operational protocols, and aviation regulations, licensing, approvals and career professionalism as drone pilots within Sri Lanka in order to make these technologies safer and more accessible to the public.

International mobility experts increasingly recognize drones as part of a wider vertical mobility ecosystem operating alongside aviation and respective local regulatory frameworks. Experts explain that drone systems are helping countries establish regulatory structures, safety standards, technical expertise, aerial management systems, and operational frameworks that may eventually support broader future mobility technologies.

For AAC, the relationship between drones and vertical mobility represents a wider future mobility framework involving how people, services, safety, infrastructure, information, and transport systems may operate in more connected, intelligent, and efficient ways beyond conventional road-based transportation.

For decades, AAC has played an important role in Sri Lanka’s mobility sector through road safety advocacy, motoring assistance, tourism support services, driver awareness initiatives, and public mobility education. The association has continuously contributed toward improving safe mobility practices for Sri Lankan road users and motorists.

AAC now aims to position Sri Lanka within these evolving international mobility conversations while ensuring that future mobility development remains safe, responsible, and aligned with international standards.

The association also believes collaboration between regulators, aviation authorities, educational institutions, private sector innovators, and international mobility organizations will become increasingly important as future mobility ecosystems continue to develop globally.

Through FIA-supported international engagement and regional collaboration, AAC hopes to contribute toward building awareness and understanding of future mobility opportunities while ensuring Sri Lanka remains connected to emerging global transportation developments.

As mobility increasingly moves toward smarter, interconnected, and technology-driven systems worldwide, AAC’s initiatives into vertical mobility reflect its broader vision of supporting safe, progressive, and future-ready mobility solutions for Sri Lanka and future generations.

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Vietjet Air announces Colombo – Ho Chi Minh City route

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Vietjet announces its Ho Chi Minh City – Colombo direct route, in the presence of General Secretary and President of Vietnam To Lam (center) and Prime Minister of Sri Lanka Harini Amarasuriya (second from right)

Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and senior officials from both countries.

This is the airline’s first direct service between Sri Lanka and Vietnam, supporting the airline’s international expansion while contributing to stronger economic, trade, tourism, and people-to-people ties between the two nations.

The Colombo – Ho Chi Minh City route is expected to commence in August 2026 with four round-trip flights per week. Travelers from Colombo will soon enjoy affordable fares and seamless connectivity to Vietnam’s leading tourism and business hubs, along with convenient access through Vietjet’s extensive international flight network to major destinations across the Asia-Pacific region, including Australia, Japan, South Korea, China, and beyond.

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SDB bank and Hayleys Mobility forge strategic partnership to advance sustainable mobility and private vehicle leasing

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Tharanga De Silva - Chief Manager, Business Banking – SDB bank, Lahiru Ekanayake - Senior Manager - Leasing SDB bank, Chitral De Silva - Chief Business Officer- SDB bank, Manoj Akmeemana - Deputy Chief Executive Officer- SDB bank, Kapila Ariyaratne - Executive Director/Chief Executive Officer- SDB bank, Hasith Prematillake- Managing Director- Hayleys Mobility Limited, Roshani Dharmaratne - Executive Director - Hayleys Mobility Limited, Suraj Chularathne- Assistant General Manager- Hayleys Mobility Limited, Panduka Rathnayake - General Manager Finance - Hayleys Mobility Limited, Anjana Jayarathne - Asst. Manager Channel Development - Hayleys Mobility Limited

SDB bank has entered into a strategic partnership with Hayleys Mobility Limited through the signing of a Memorandum of Understanding, reinforcing the bank’s commitment to expanding access to structured mobility financing while advancing its broader sustainability banking agenda. The collaboration brings together two established institutions to support customers seeking leasing solutions for private vehicles, with a notable emphasis on electric vehicles as part of a more future-focused approach to transportation.

The MoU was signed recently at the Hayleys Mobility office in Union Place, in the presence of senior representatives from both organizations. Representing SDB bank Kapila Ariyaratne, Executive Director and Chief Executive Officer, Manoj Akmeemana, Deputy Chief Executive Officer, Chitral De Silva, Chief Business Officer, Lahiru Ekanayake, Head of Leasing and Tharanga De Silva Chief Manager, Business Banking were participated. Hayleys Mobility Limited was represented by Managing Director Hasith Prematillake, Director Roshani Dharmaratne, Mr. Panduka Rathnayake – General Manager Finance, and Mr. Suraj Chularathne – Assistant General Manager.

The partnership is designed to expand access to private and sustainable leasing solutions across Sri Lanka, while also responding to growing interest in cleaner and more responsible mobility choices. By placing special focus on electric vehicle leasing, the initiative reflects SDB bank’s recognition of changing customer preferences and the importance of supporting more sustainable transport options through accessible financing.

In addition to supporting conventional private vehicle financing, the collaboration enables customers to benefit from a more integrated experience that brings together vehicle selection and financing under a single proposition. Through the combined reach of SDB bank and Hayleys Mobility, the partnership is expected to improve accessibility and convenience for customers across the country, including professionals, self-employed individuals, business owners and other private vehicle buyers looking for reliable, structured leasing solutions.

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