Business
War and panic take their toll on bourse which recovers somewhat at close

The CSE kicked off yesterday on a positive note but later selling pressure mounted due to the West Asian crisis which went on to trigger panic- selling of shares. However, at the tail end of the day the market indicated a slight recovery, market analysts said.
The All Share Price Index went down by 253 points, while the S and P SL20 declined by 55.19 points. Turnover stood at Rs 3.32 billion with five crossings.
Those crossings were reported in Central Finance, where 313,000 shares crossed to the tune of Rs 71.6 million; its shares traded at Rs 228, People’s Leasing 2.2 million shares crossed for Rs 40.7 million and its shares traded at Rs 18.50, Commercial Bank 200,000 shares crossed for Rs 30.4 million; its shares traded at Rs 152, Central Industries 150,000 shares crossed for Rs 23.3 million; its shares sold at Rs 150 and Hemas 745,000 shares crossed to the tune of Rs 20.6 million; its shares traded at Rs 27.60.
In the retail market top six companies that mainly contributed to the turnover were; HNB Rs 212 million (672,000 shares traded), Commercial Bank 197 million (1.31 million shares traded), Sampath Bank Rs 164 million (1.4 million shares traded), Lanka IOC Rs 120 million (871,000 shares traded), Browns Investments Rs 114 million (15.3 million shares traded) and Dipped Products Rs 96.5 million (1.9 million shares traded). During the day 139 million share volumes changed hands in 27968 transactions.
It is said that the banking and financial sector led the market, especially Central Finance and HNB, while the manufacturing sector was the second largest contributor to the market, especially Central Industries. Further, the services sector and the plantations sector did not perform well.
Lankem Ceylon plans a one for three rights issue of 17.15 million ordinary shares at Rs 70 each to raise Rs 1.2 billion, CSE sources said. The cash will be used for part settlement of bank loans. The firm’s current stated capital is Rs1.28 billion made up of 55.4 million ordinary shares.
The rights issue is subject to Colombo Stock Exchange and shareholder approval. A subdivision of shares will follow if the proposed rights issue is fully subscribed, the company said, with 68,627,676 ordinary shares split “on the basis of every One (1) Existing issued Ordinary Share being Sub-divided into Two (2) issued Ordinary Shares, thereby increasing the number of shares of the Company to 137,255,352 shares.”
Yesterday, the rupee opened at Rs 300.50/70 to the US dollar in the spot market, broadly flat against previous day’s close of Rs300.40/60, dealers said, while bond yields were up, particularly in the mid tenors and above.
A bond maturing on 15.12.2026 was quoted at 8.15/25 percent, up from 8.14/20 percent. A bond maturing on 15.09.2027 was quoted at 8.50/60 percent, up from 8.54/60 percent. A bond maturing on 15.10.2028 was quoted at 8.90/9.00 percent. A bond maturing on 15.12.2029 was quoted at 9.62/67 percent, up from 9.52/56 percent. A bond maturing on 15.03.2031 was quoted at 10.05/20 percent, up from 9.98/10.10 percent. A bond maturing on 15.12.2032 was quoted at 10.35/40 percent, up from 10.31/38 percent.
By Hiran H.Senewiratne ✍️
Business
Royal College Leads Education’s Digital Shift with Sri Lanka’s First Passive Optical LAN via SLT-MOBITEL

Heralding a new era in digital education, SLT-MOBITEL ENTERPRISE and Royal College recently collaborated over the trailblazing deployment of Sri Lanka’s first full-scale Passive Optical LAN (POL) solution powered by Gigabit Passive Optical Network (GPON) technology.
Connecting learning spaces with robust, ultra-fast broadband, the project is designed to revolutionize teaching and learning practices, ensuring students and educators can thrive in an increasingly digital world.
The agreement was signed between Janaka Abeysinghe, Chief Executive Officer, SLT Group, and Aruna Samarajewa, Secretary, Royal College Union, in the presence of several officials representing both organizations.
Partnering with one of the country’s most prestigious institutions demonstrates SLT-MOBITEL ENTERPRISE’s dedication to advancing education through cutting-edge technology and reinforcing the company’s leadership in innovative solutions.
Achieving a historic first for the nation, the fully integrated, fibre-based Passive Optical LAN (POL) solution is the inaugural deployment of its kind for an educational institution. The new system incorporates enterprise-grade network security features, ensuring safe browsing and providing advanced protection against potential cyber threats. Controlled access to educational resources is seamlessly integrated into the network architecture, creating a protected and responsible environment that safeguards sensitive academic data while building trust among parents, educators, and the community.
As SLT-MOBITEL ENTERPRISE continues to drive technological advancement within the education sector, the project serves as a vital stepping stone towards broader integration with institutions island wide. The deployment supports efforts to bridge the digital divide, ensuring that high-quality, innovative learning environments become accessible to students across the country.
Business
‘CEAT Cares’ supports 6th school in programme benefitting children of rubber farmers

Reinforcing its long-term commitment to community upliftment and sustainable sourcing, CEAT Kelani Holdings has conducted the sixth presentation of essential school supplies to children of Sri Lanka’s rubber farming community, this time at Meegama Kanishta Vidyalaya in Matugama.
Seventy students from grades 1 to 5 at the school received school bags, shoes, and exercise books as part of CEAT’s flagship CSR initiative, ‘CEAT Cares.’ This latest event brings the total number of students supported by the programme to 650, spanning key rubber-producing areas including Matugama, Ratnapura, Galle, Moneragala, Kandy, and Hatharaliyadda.
The event at Meegama Kanishta Vidyalaya was attended by CEAT Kelani Chief Operating Officer Shamal Gunawardene, members of the senior management, and authorised CEAT dealers in the area including Sarath Premachandra of Chandra Tyre Center, Chaminda Pushpakumara of Chaminda Tyre Service, and Kithsiri Senewirathna of Udagepola Tyre Center. The school principal, teachers, parents, and students also participated in the ceremony, which featured traditional dances performed by the children.
“Our commitment to the rubber farming community is an integral part of CEAT’s ethos,” Gunawardene said.
Business
Melwa introduces its latest product, SLS 414 certified first welding rod in Sri Lanka

Melwa, the leading steel manufacturer in Sri Lanka, recently introduced its latest product—Melwa Welding Rods—to the market. Produced by Melwa, a local company that has played a significant role in the development of the country’s construction sector, these welding rods are of high quality. Notably, they are 100% locally manufactured and come with SLS 414 certifications. This marks the first time a welding rod that is entirely locally produced has been introduced to the Sri Lankan market.
As part of the launch, a special workshop was held for welders in Balangoda on 24 June. During the session, participants were introduced to these welding rods and given the opportunity to test them out first-hand.
-
Opinion5 days ago
‘Daily shooting of wild elephants’ in Sri Lanka? Govt. gives out guns
-
Editorial5 days ago
Pyramids in Sri Lanka
-
Features5 days ago
Multi-faceted Sri Lankan celebrity … checking out land of birth
-
News6 days ago
Import bill falls, even as vehicle inflow climbs
-
Editorial6 days ago
Politics and English
-
News3 days ago
Country’s first wax museum opens at Ehelepola Walawwa
-
Features5 days ago
Reflections on Cuba, BRICS and geopolitics
-
Features5 days ago
Easter truth can be the beginning