Business
Russian-Ukrainian crisis likely to affect multiple sectors in Sri Lanka
By Hiran H.Senewiratne
The effect on the CSE from the Russia-Ukraine crisis still cannot be commented on. But the CSE performed well yesterday to a satisfactory level even with the current external and internal uncertainties, CSE’s Head of Marketing Niroshan Wijesundera said.
“Since Ukrainian and Russian delegations will likely meet on the border between Ukraine and Belarus for peace talks, it will create some hope on this situation. If not it will affect many sectors, such as tourism, oil and gas, plantation sectors, such as tea and many more sectors, Wijesundera told the Island Financial Review.
He said that yesterday CSE produced a strong rebound with indices gaining but the bourse could be negatively impacted it if the tense situation continues. It is said that the US $ one billion Indian loan for Sri Lanka created a positive sentiment in spite of insufficient efforts to revive the situation.
Amid those developments, the CSE market started its trading on a positive note but did not continue that momentum. However, in the latter part of the day huge buying interest was noted in Expolanka Holdings, which automatically turned the market towards positive territory. As a result, indices at the CSE recorded significant gains yesterday with the All -Share Price Index increasing by 470.04 points (4.23 per cent) to 11577.94, while the S and P SL20 increased by 204.40 points (5.46 per cent) to 3946.73. Turnover stood at Rs 4.3 billion sans a single crossing.
In the retail market, the top seven companies that mainly contributed to the turnover were, Expolanka Holdings Rs one billion (3.7 million shares traded), Browns Investments Rs 330 million (27.5 million shares traded), LOLC Finance Rs 281 million (2.2 million shares traded), Commercial Leasing and Finance Rs 262 million (5.5 million shares traded), LOLC Finance Rs 213 million (225,000 shares traded), Royal Ceramic Rs 211 million (3.6 million shares traded) and Softlogic Life Insurance Rs 147 million (1.4 million shares traded). During the day 212 million share volumes changed hands in 41000 transactions.
It is said High net worth and institutional investor participation was noted in Commercial Bank, Access Engineering and Sampath Bank. Mixed interest was observed in Expolanka Holdings, Commercial Leasing & Finance and LOLC Holdings, while retail interest was noted in Browns Investments, LOLC Finance and SMB Leasing. During the day Expolanka, which experienced heavy buying interest, contributed 67 points to the All- Share Price Index, while LOLC Finance contributed 54 points.
Yesterday, the US dollar was quoted at Rs 201.05, which was the controlled price of the Central Bank. The actual rate in the floating market would be more than Rs 250 per dollar. However, Sri Lanka’s rupee has sharply appreciated to Rs 2.36 to the Russian ruble from Rs 2.66 earlier in the week.
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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