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Positive turn at CSE following ‘IMF-Govt. staff level agreement’

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By Hiran H.Senewiratne

CSE trading became positive yesterday following the IMF staff and the Sri Lankan authorities reaching a staff-level agreement on the first review under an economic reform program supported by the 48-month US$ 3 billion Extended Fund Facility (EFF) arrangement.

Accordingly, Sri Lanka will have access to about US$330 million in financing once the review is approved by the IMF management and IMF Executive Board, the IMF said in a release yesterday.

The IMF said macroeconomic policy reforms are starting to bear fruit and the economy is showing tentative signs of stabilization. “Sustaining the reform momentum and addressing governance weaknesses and corruption vulnerabilities are critical to put the economy on a path towards lasting recovery and stable and inclusive growth, it said.

Amid those developments both indices moved up. The All- Share Price Index went up by 280 points and S and P SL20 rose by 106.9 points. Turnover stood at Rs 909 million with one crossing. The crossing was reported in LB Finance, which crossed 500,000 shares to the tune of Rs 30.7 million; its shares traded at Rs 1.50.

In the retail market, top seven companies that mainly contributed to the turnover were; JKH Rs 97.1 million (508,000 shares traded), First Capital Treasuries Rs 71.7 million (2.2 million shares traded), First Capital Holdings Rs 62 million (1.19 million shares traded), Sampath Bank Rs 43.7 million (680,000 shares traded), Browns Investments Rs 34.9 million (6.4 million shares traded), Capital Alliance Rs 32.9 million (549,000 shares traded and SLT Rs 23.5 million (247,000 shares traded). During the day 36.6 million share volumes changed hands in 13800 transactions.

It is said that high net worth and institutional investor participation was noted in R I L Property and Nations Trust Bank. Mixed interest was observed in JKH, Lanka IOC and LB Finance, while retail interest was noted in Browns Investments, First Capital Holdings and First Capital Treasuries.

The Diversified Financials sector was the top contributor to the market turnover (due to First Capital Holdings and First Capital Treasuries), while the sector index gained 0.76%. The share price of First Capital Holdings decreased by 80 cents to settle at Rs 50.90. The share price of First Capital Treasuries moved up by 40 cents to reach Rs 41.10.

The Retailing sector was the second highest contributor to the market turnover, while the sector index decreased by 0.24 percent.

JKH, First Capital Treasuries and First Capital Holdings were also included among the top turnover contributors. The share price of R I L Property gained 10 cents to reach Rs 5.80. The share price of John Keells Holdings recorded a gain of 75 cents to reach Rs 191. The share price of Lanka IOC edged down Rs 10 cents to settle at Rs 99.Yesterday the US dollar buying rate was Rs 319.64 and the selling rate Rs 330.41.



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Dr Asanka Senanayake named most popular dentist at BWIO Awards

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Founder of Shine Dental Care Dr. Asanka Senanayake receiving the award

Dr. Asanka Senanayake, founder of Shine Dental Care centres—which provide dental services across multiple locations—was recently honoured as the Most Popular Dental Doctor of the Year at the Business World International Awards 2025.

The awards, organised by the US-based Business World International Organisation (BWIO), recognised outstanding business ventures and professionals across various industries. The ceremony was held recently at the Mount Lavinia Hotel in Colombo.

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Another 43 Ceylinco Life sales officers graduate with diplomas in Financial Sales Management

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Ceylinco Life’s latest batch of graduates in Financial Sales Management with Directors of the company and representatives of SLIM.

A group of 43 sales officers of Ceylinco Life recently graduated with diplomas in Financial Sales Management, under a programme tailor-made for the life insurance market leader by the Sri Lanka Institute of Marketing (SLIM).

Covering subjects such as Financial Planning, Communication, Analytical Skills Development, Time Management, Financial Markets, and Taxation among others, the bespoke diploma programme was introduced by Ceylinco Life to enhance the skills, knowledge, and competencies of its sales personnel, and to nurture a highly proficient sales force capable of tapping into premier markets and delivering exceptional services to customers.

The nine-month course programme includes contemporary coursework, examinations and assignments to ensure a well-rounded education for the candidates.

Speaking at the graduation ceremony, Ceylinco Life Executive Director/Chief Operating Officer Samitha Hemachandra said the company had from its inception, placed special emphasis on developing and rewarding professionalism among the members of its sales force. “We led the way in equipping our sales professionals with digital tools, pushed them to obtain professional qualifications from leading international bodies relating to life insurance, to qualify for Million Dollar Round Table membership, and to improve their knowledge in finance,” he said. “As a result, they have earned the respect of the community and their peers, and built stable and lucrative careers with Ceylinco Life.”

SLIM President Prof. Jayantha N. Dewasiri said: “Promoting professional competence as a contributor to the economic growth of our country is one of the objectives of SLIM. In furtherance of this, we provide professional education to thousands of Sri Lankans every year, and are happy to support Ceylinco Life’s efforts to advance the careers of its sales officers though professional development. This is an example to other corporate entities.”

Ceylinco Life’s senior directors Messrs. Devaan Cooray and Palitha Jayawardena, Director/Deputy CEO Ranga Abeynayake, SLIM Vice President – Education & Research Dr Dilhan Sampath Jayatilleke, CEO Chamil Wickremasinghe other distinguished guests attended the graduation ceremony at the Ceylinco Life Auditorium.

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ComBank and Senok unveil special offers on construction machinery and equipment

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Commercial Bank Deputy General Manager – Personal Banking S. Ganeshan and the Deputy Managing Director of Senok Trade Combine Mr Ranjan Dahanayake exchange the MoU in the presence of representatives of the two companies.

Companies in the construction sector have been provided an opportunity to acquire new equipment through affordable leasing options created via a collaboration between the Commercial Bank of Ceylon and Senok Trade Combine (Pvt) Ltd., which represents global brands in construction machinery and equipment.

A memorandum of understanding signed by the two organisations provides for a series of special benefits to be provided to customers who purchase JCB and Kobelco branded construction equipment from Senok under a customised leasing package provided by Commercial Bank.

The benefits include special prices and lower interest rates, customised payment plans with attractive and affordable rentals, and the first three services at 50, 250 and 500 hours, free of charge.

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