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Stock market ebullient in the wake of US federal court’s ruling on tariffs

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CSE activities were extremely bullish yesterday following a US Federal Court decision against US President Donald Trump’s reciprocal tariff system on imports that enter the US market from other countries.

Furthermore, a 44 percent tariff on Sri Lanka’s exports to the US could have devastating impacts on Sri Lanka’s economy, including closure of several garment firms, experts have said.

Consequently, both indices moved upwards. The All Share Price Index went up by 102.73 points while S and P SL20 rose by 51.9 points.

Turnover stood at Rs 6.4 billion with nine crossings. Those crossings were reported in Sampath Bank which crossed 12.7 million shares to the tune of Rs 1.46 billion and its shares traded at Rs 115, LOLC Holdings 500,000 shares crossed for Rs 301.3 million; its shares traded at Rs 607, Hemas Holdings five million shares crossed to the tune of Rs 140 million; its shares sold at Rs 28.50, JKH 4.3 million shares crossed to the tune of Rs 91.1 million; its shares sold at Rs 21.20.

Digital Mobility Solutions 1 million shares crossed to the tune of Rs 75 million; its shares fetched Rs 35, Chevron Lubricant 177,000 shares crossed for Rs 28 million; its shares traded at Rs 160, Vallibel Power Erathna 2 million shares crossed to the tune of Rs 27.6 million; its shares traded at Rs 13.70, Keells Hotels 1.2 million shares crossed for Rs 24.4 million; its shares traded at Rs 20 and Sierra Cables 1.3 million shares crossed for Rs 23.1 million; its shares sold at Rs 17.90.

In the retail market companies that mainly contributed to the turnover were; LOLC Holdings Rs 358 million (594,000 shares traded), Hemas Holdings Rs 307 million (6.9 million shares traded), Sierra Cables Rs 205 million (11.3 million shares traded), Central Finance Rs 174 million (830,000 shares traded), Sunshine Holdings Rs 167 million (6.7 million shares traded) and Haylays Rs 164 million (1.1 million shares traded). During the day 173 million share volumes changed hands in 26000 transactions.

It is said that the banking and finance sector led the market, especially with the Sampath Bank crossing, while the hotel and manufacturing sectors also performed well.

Yesterday, rupee opened at Rs 299.35/50 to the US dollar in the spot market , stronger against the previous day’s close of Rs 299.45/65, dealers said, while bond yields edged down further.

A bond maturing on 01.07.2028 was quoted at 8.85/95 percent, down from 8.94/9.05 percent.

A bond maturing on 15.12.2029 was quoted at 9.40/50 percent, down from 9.50/57 percent.

A bond maturing on 15.03.2031 was quoted at 9.80/95 percent, down from 9.84/92 percent.

An issue of Rs.200, 000 million Treasury Bonds was ongoing.

By Hiran H Senewiratne ✍️



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UN Global Compact Network Sri Lanka mobilizes business to lead with purpose

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As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.

It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.

More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.

Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.

UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.

Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:

“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”

The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.

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A regional conversation on the future of English language teaching

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Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world

The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?

Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.

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The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition

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The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.

Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.

The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.

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