Business
Retail investors drive surge in stocks: Softlogic share prices appreciate

By Hiran H.Senewiratne
The Colombo Stock Exchange (CSE) gathered momentum yesterday with both indices gaining. The ASPI momentarily surpassed the 12,000-point reaching the highest-ever level, thus turnover reached healthy levels although the market closed two hours before normal time in view of Christmas holidays, stock market analysts said.
The index opened on an upbeat note and rose steeply, reaching an intra-day high of 12,050, driven mainly by active retail participation. Subsequently, the index slightly edged down but remained high and upheld a strong momentum as the day closed. Turnover was led by a joint contribution of 41 percent from the energy sector and capital goods sector.
All Share Price Index gained by over 119 points or 1.16 percent and S&PSL20 index improved by 6.05 points or 0.7 percent. Market capitalization was up a whopping 80.7 percent to Rs. 5.34 trillion, the analysts said.
Since the market is fully retail-driven, its buying interest is noted in most companies. But notable buying interest triggered in the Softlogic Group of Companies.
Softlogic Holdings’ share price appreciated by 20 percent or Rs 4.20.Its share price shot up to Rs 25.50 from Rs 21.30, Softlogic Capital share price appreciated by 14 percent or Rs 1.10. Its share price moved to Rs 8.90 from Rs 7.80, Softlogic Life Insurance share price appreciated by eight percent or Rs 4.70. Its share price shot up to Rs 60 from Rs 55.30 and Softlogic Finance share price appreciated by 15 percent or Rs 1.80. Its share price moved to Rs 13.30 from Rs 11.50.
Amid those developments turnover stood at Rs 2.8 billion sans a single crossing. In the retail market top seven companies that mainly contributed to the turnover were Lanka IOC Rs 423 (5.7 million shares traded), Softlogic Capital Rs 337 million (38.9 million shares traded), Expolanka Holdings Rs 213 million (553,000 shares traded), Softlogic Holdings Rs 183 million (three million shares traded), Browns Investments Rs 139 million (7.7 million shares traded), SMB Leasing Rs 105.4 million (56.9 million shares traded), and Royal Ceramic Rs 93.4 million (1.2 million shares traded).
It is said the bourse ended in green territory following Wednesday’s gaining spree as investors regained confidence in the market while also recording a healthy turnover. Therefore, 175 million share volume changed hands in 26000 transactions yesterday.
Business
President briefs Sri Lankan delegation leaving for tariff related discussions in Washington

A Sri Lankan delegation is set to participate in discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR). This is the second in-person meeting aimed at ongoing efforts to strengthen bilateral trade relations between the two nations.
This initiative builds on several prior virtual interactions held between the USTR and Sri Lankan officials, and underscores a commitment to deepening economic ties. The upcoming talks are anticipated to explore avenues for enhancing trade cooperation and securing favourable outcomes for Sri Lanka, in light of current economic priorities.
Ahead of the visit, a high-level meeting was convened today under the leadership of President Anura Kumara Disanayake to ensure the country’s interests are well represented. The discussion focused on aligning the delegation’s approach with Sri Lanka’s broader economic strategy, ensuring the best possible outcomes from the upcoming discussions.
Key participants at the meeting included Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma; Secretary to the Ministry of Trade, Commerce, Food Security and Cooperative Development, K.A. Vimalenthirarajah; Duminda Hulangamuwa, Senior Economic Advisor to the President; Governor of the Central Bank Dr. Nandalal Weerasinghe; Secretary to the Ministry of Finance, Planning and Economic Development K.M.M. Siriwardana; Nirmal Vigneshwaran, representing the Attorney General’s Department; and Dharshana Perera from the Ministry of Foreign Affairs.
Details of the discussions in Washington are expected to be made available following the conclusion of the meetings.
[PMD]
Business
“Tourism Renaissance 2025” launched under the patronage of president

Sri Lanka’s largest tourism exhibition, “Tourism Renaissance 2025” (Sancharaka Udawa 2025), was inaugurated on Friday (23) at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo under the patronage of President Anura Kumara Disanayake.
Organized jointly by the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Association of Inbound Tour Operators (SLAITO), this event brings together key stakeholders across the tourism industry. It offers a valuable platform for small and medium-scale enterprises, as well as individuals aspiring to enter the tourism sector, to connect with market opportunities and showcase their products and services.
The two-day exhibition, which ends on Saturday [24], features 250 trade stalls and includes participation from a wide range of sectors such as hotels, tour operators, airlines, service providers and educational institutions.
Speaking at the opening ceremony, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath stated that the government has declared 2025 the “Year of Tourism Renaissance,” with plans to generate USD 5 billion in revenue from the tourism sector by the end of the year.
Also in attendance at the opening ceremony were Secretary to the Ministry of Foreign Affairs, Foreign Employment and Tourism Aruni Ranaraja, SLAITO Chairman Nalin Jayasundara, SLTPB Chairman Buddhika Hewawasam and a distinguished group of invitees including the Ambassador of Germany to Sri Lanka.
Business
‘Be Part of the Plan’ – Sri Lanka’s theme for International Day for Biological Diversity

Sri Lanka celebrated International Day for Biological Diversity with a vibrant national event at the Popam Arboretum in Dambulla, centering on the theme “Be part of the Plan.” The celebration, attended by students, researchers, community members, and officials, was led by Minister of Environment Dr. Dhammika Patabendi, who emphasized the country’s commitment to preserving biodiversity and promoting sustainable development.
Delivering the keynote address, Minister Patabendi said, “As a government, we are committed to taking every possible step to protect our ecosystems and biodiversity. But this is not the responsibility of the government alone. It is a shared responsibility—one that requires the active participation of every citizen.”
The event highlighted the value of community involvement in conservation and featured a series of exhibitions and talks focused on sustainable tourism, traditional food systems, and environmental education. Locally sourced underutilized fruits and indigenous foods were displayed and shared by communities, underscoring the deep ties between biodiversity and traditional knowledge.
The celebration also featured two major guest lectures. Professor Cyril Wijesundara spoke on the current status of biodiversity in Sri Lanka, while Professor Gamini Pushpakumara presented on the promotion of underutilized food crops—a key element in ensuring food security and sustainability in the face of climate change.
“This is more than a celebration,” Minister Patabendi told journalists at the event. “It’s a reminder that sustainable development must go hand-in-hand with nature. We need to build our future with the forest, not against it.”
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