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Positive trend in debt restructuring sending good vibes among CSE investors

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By Hiran H.Senewiratne

CSE investors seem to be having a positive mindset currently due to completion of the domestic debt restructuring exercise and the positive response which came from the Chinese side on restoring their debt component, market analysts said

“There is a lot of selling pressure on the primary dealer counter. I think this is because First Capital Treasuries’ share dividend went extinct, that is, the dividend is finished.

“So, because of that, the share has been falling. There has been selling pressure, and that is influencing the other two shares also to come down. That is, First Capital Holdings, and Capital Alliance Treasuries, market analysts said.

Amid those developments both indices moved up marginally yesterday. The All- Share Price Index went up by 11.58 points and S and P SL20 rose by 7.6 points. Turnover stood at Rs 1 billion with two crossings. Those crossings were reported in Sampath Bank, which crossed 3.4 million shares to the tune of Rs 226 million; its shares traded at Rs 66.50 and Melstacope 252,000 shares crossed for Rs 20.1 million; its shares traded at Rs 80.

In the retail market top seven companies that mainly contributed to the turnover were; SLT Rs 118 million (1.17 million shares traded), JKH Rs 77 million (402,000 shares traded), Sampath Bank Rs 57.3 million (853,000 shares traded), Tokyo Cement (Non- Voting) Rs 56.4 million (1.4 million shares traded), First Capital Holdings Rs 44.3 million (868,000 shares traded), Capital Alliance Rs 37.5 million (633,000 shares traded) and Pan Asia Bank Rs 34.7 million (1.7 million shares traded). During the day 31.2 million share volumes changed hands in 11000 transactions.

Last week the IMF announced that they had reached a staff level agreement which would give Sri Lanka access to bail-out funds. The Export-Import Bank of China also said it reached a preliminary agreement with Sri Lanka on debt treatment.

On Friday Sri Lanka’s President Ranil Wickremesinghe met Chinese President Xi Jinping and Vice Premier Ding Xuexiang. A joint statement issued by the leaders read: “China will continue to support its financial institutions in conducting friendly consultations with Sri Lanka to reach early agreement on treatment of debts related to China.

Yesterday the rupee opened at Rs 325.50/326.25 to the US dollar from Rs 325.75/326.25 on Friday, dealers said. Stocks were trading up.

Bond yields were down. A bond maturing on 01.06.2026 was quoted at 14.85/15.00 percent. A bond maturing on 01.05.2027 was quoted at 14.90/15.00 percent. A bond maturing on 01.07.2028 was quoted at 14.55/65 percent from 14.55/14.60 percent.



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PM calls for ‘clean, abundant and universally accessible’ solar power

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In a call to action for solar cooperation across Asia and the Pacific, Sri Lankan Prime Minister Dr. Harini Amarasuriya said the 21st century must be led not by fossil fuels, but by the promise of sunlight—”clean, abundant and universally accessible.”

She was addressing delegates from across the region at the 7th Regional Committee Meeting of the International Solar Alliance (ISA) for the Asia and Pacific Regions, held at the ITC Ratnadipa Colombo yesterday. The high-level gathering brought together ministers, diplomats, energy experts and institutional partners to strengthen regional solar energy strategies.

“If the 20th century was defined by fossil fuel, then the 21st century must be led by the promise of sunlight, said Prime Minister Amarasuriya. “This is not merely an alternative—it is an imperative.”

Present at the event were the High Commissioner of India to Sri Lanka Santosh Jha, Deputy Minister of Power and Energy Kumar Jayakodi, Deputy Minister Naveer Rathna, Director-General of the ISA Ashish Khanna, and other regional dignitaries. The meeting was marked by the formal exchange of the Country Partnership Framework (CPF) between Sri Lanka and the ISA—a key milestone that will guide collaboration, investments and technology transfer in Sri Lanka’s solar sector.

“Asia and the Pacific stand at a critical junction, PM Amarasuriya said. “Our region must shoulder the dual responsibility of accelerating economic growth while confronting climate vulnerabilities. Our strategies must be both resilient and equitable.”

She acknowledged that many countries, including Sri Lanka, were facing the twin pressures of fiscal recovery and rising energy demands, especially in remote and underserved communities. In that context, she praised ISA’s role in supporting decentralised energy solutions and innovative financial models.

“We are deeply grateful for the continued support of the ISA. Its work has laid a strong foundation for scaling rural electrification, which remains a top priority for our government, she added.

Despite a difficult economic backdrop, Sri Lanka has exceeded expectations. Prime Minister Amarasuriya made said during her speech:

“A month ago, Sri Lanka achieved its national target of generating 70% of electricity from renewable energy sources, ahead of our 2030 deadline.”

She said the focus now shifts from hitting the target to sustaining it, ensuring grid stability and long-term affordability for citizens.

‘At the heart of Sri Lanka’s strategy is the ‘Surya Balasangramaya – Battle for Solar Energy’ programme, which is expanding rooftop solar panels across homes, schools and public buildings. The country has also completed two floating solar projects at Chandrika Dabba and Kiri Perth Dabba, pushing boundaries on land-scarce solar generation.

‘Additionally, the government is in the process of revising national electricity laws to encourage competitive bidding, boost investor confidence and integrate modern solar technologies’.

Recognising the role of knowledge transfer in long-term transformation, the Prime Minister also announced the establishment of a Star Centre at the University of Moratuwa to serve as a regional hub for solar training and research.

Energy Minister Kumara Jayakody and ISA Director-General Ashish Khanna signed the Country Partnership Framework (CPF) in the presence of regional dignitaries. The CPF outlines a clear roadmap for deepening collaboration between Sri Lanka and the ISA across training, project development, finance mobilisation, and regional knowledge exchange.

ISA Director-General Khanna commended Sri Lanka’s leadership in renewable energy and noted that the country could be a regional model for clean energy transition—particularly for island and middle-income nations.

By Ifham Nizam

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US ambassador Julie Chung visits Pathfinder Foundation.

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The Pathfinder Foundation hosted Julie Chung, Ambassador of the United States of America, at its headquarters, “Riverpoint” in Peliyagoda. Ambassador Chung was accompanied by Deputy Chief of Mission Jayne Howell and Political Officer Adam L. Michelow.

The delegation was warmly received by . Milinda Moragoda, the Founder of Pathfinder Foundation, along with the Directors and staff of the Foundation.

During the meeting, founder Moragoda briefed the ambassador and officials on the Foundation’s work over the years, including its activities with the U.S. embassy and other U.S.-based organisations, such as think tanks. Pathfinder’s key initiatives on Indo-Pacific security, notably the upcoming Pathfinder Foundation’s Indian Ocean Security Conference scheduled for February 2026, the recently concluded Bay of Bengal Maritime Dialogue, and its recent research on strategic minerals were highlighted. Furthermore, the ambassador expressed interest in a recent webinar covering the Trump administration’s policies, which Pathfinder jointly organised with the U.S.-based Heritage Foundation.

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Cinnamon Hotels & Resorts announces new leadership appointments

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Cinnamon Hotels & Resorts has announced a series of senior leadership transitions across its Sri Lankan resort portfolio, reflecting the Group’s strategic commitment to strengthening internal talent pipelines, advancing inclusive leadership, and driving operational excellence across its Sri Lanka Resort portfolio.

Murfad Shariff has been appointed Area General Manager – Central and Eastern Resorts, Sri Lanka, overseeing Cinnamon Lodge Habarana, Habarana Village by Cinnamon, Trinco Blu by Cinnamon, Cinnamon Citadel Kandy, and the newly opened Kandy Myst by Cinnamon. With nearly 30 years of distinguished experience in the hospitality industry working in Sri Lanka and abroad, he is known for people-focused leadership and a strong sustainability record. An alumnus of Trinity College, Kandy and an Associate Member of the SLHGA, he led Cinnamon Citadel Kandy to win SATA and Chairman’s Awards in 2017 and contributed to national sustainability accolades in 2023 and 2024. His appointment ensures values-driven leadership and continuity across Cinnamon Sri Lanka Resort portfolio.

Simultaneously, Lankesha Ponnamperuma has been appointed Area General Manager – Southern Coast Resorts, Sri Lanka, overseeing operations at Cinnamon Bey Beruwala, Hikka Tranz by Cinnamon, and Cinnamon Wild. With over 15 years of executive experience in international hospitality, he is recognized for driving exceptional guest satisfaction, financial performance, and effective multi-property operations. Lankesha holds a Master of Business in International Hotel Management from the University of Queensland, a bachelor’s from the University of Maryland Eastern Shore, and a Diploma from the Ceylon Hotel School. An alumnus of Trinity College, Kandy, his global perspective and operational expertise continue to strengthen Cinnamon’s leadership across its beach resort portfolio.

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