Share Tweet CSE trading indicated some sluggishness yesterday as investors anticipate that corporate quarterly results that are due to be released this month would not be as good as those of the previous month because of inflationary pressures, market analysts said. Amid those d…
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CSE trading indicated some sluggishness yesterday as investors anticipate that corporate quarterly results that are due to be released this month would not be as good as those of the previous month because of inflationary pressures, market analysts said. Amid those developments both indices showed mixed reactions. The All Share Price Index went down by 21 points, while the S and P SL20 rose by 3.34 points. Turnover stood at Rs 1.5 billion with three crossings. Those crossings were: Hemas Holdings 25.9 million shares crossed to the tune of Rs 689 million; its shares traded at Rs 32.70, WindForce 1.9 million shares crossed for Rs 76 million; its shares traded at Rs 40 and Printcare 507,000 shares crossed for Rs 25.8 million; its shares sold at Rs 41. In the retail market companies that mainly contributed to the turnover were; JKH Rs 45.8 million (2.2 million shares traded), Sampath Bank Rs 40.3 million (282,064 shares traded), Access Engineering Rs 32.30 million (414,890 shares traded), CCS Rs 26 million (197,049 shares traded), Laugfs Gas Rs 23.7 million (460,507 shares traded) and Lanka Hospitals Rs 21.1 million (196,938 shares traded). During the day 46.4 million share volumes changed hands in 13332 transactions. It is said that Hemas Holdings’ crossing pushed the market while in the manufacturing sector, especially JKH performed well. In the banking sector, especially Sampath Bank and Seylan Bank, performed well. SANASA Life Insurance successfully concluded a private placement of 5 million unlisted, redeemable, subordinated debentures, raising Rs 500 million. The proceeds are currently held in an escrow account to meet the regulatory capital adequacy ratio required to lift the suspension on its insurance license. Following the issue, the company’s capital adequacy ratio is estimated to range between 141 percent and 160 percent, fulfilling the minimum regulatory requirement of 120 percent. Shares closed up 3.04 percent at Rs.54.30. Yesterday the rupee was quoted at Rs 336.35/40 to the US dollar in the spot market, from Rs 336.30/70 the previous day, while bond yields were dropping, dealers said.The telegraphic transfer rate for Sri Lanka’s rupee against the US dollar was 331.50 buying, 341.09 selling. By Hiran H Senewiratne
Business Tokyo Cement inspires future-ready construction at BUILD BEYOND 2026 Technology Summit
Published 10 mins agoon 2026/07/3
Senior Professor Priyan Mendis from the University of Melbourne, speaking at the ‘Build Beyond 2026 Summit Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi, and Senior Professor Priyan Mendis from the University of Melbourne. The summit marked the second edition of the Build Beyond Engineering Technology Summit organized by the Tokyo Cement Group, designed to foster collaboration between academia and industry while highlighting global trends, innovations, and emerging technologies in cement and concrete. This year’s discussions focused on advancements in material science that are driving more sustainable and cost-efficient construction practices. The event drew participation from state-sector authorities, research institutions, academia, engineering students, and public and private sector organizations, creating a dynamic platform for engagement across the construction industry. A key feature of the summit was a high-level panel discussion on “Building a Resilient and Sustainable Construction Future,” featuring several distinguished industry leaders. The panel included Eng. Nissanka Wijerathne, the Secretary General/CEO of the Chamber of Construction Industry Sri Lanka (CCI), Founder and Deputy Chairman of Civil & Structural Engineering Consultants (Pvt.) Ltd.; Eng. Shiromal Fernando, the Chairman of CTBUH Sri Lanka and Vice President of the Green Building Council Sri Lanka, Adjunct Senior Lecturer at the General Sir John Kotelawala Defense University and visiting lecturer at the University of Moratuwa; Eng.
Business ComBank and Carmart join forces to make Peugeot and Leapmotor vehicles more accessible
Published 10 mins agoon 2026/07/3
Kapila Liyanage, Assistant General Manager – Personal Banking and Retail Products at Commercial Bank and Senake Amerasinghe, Managing Director of Carmart (Pvt) Ltd. exchange the agreement in the presence of representatives of the two companies. Strengthening its commitment to making vehicle ownership more accessible and affordable, Commercial Bank of Ceylon has entered into a strategic partnership with Carmart (Pvt) Ltd. to offer specially structured leasing facilities for Peugeot and Leapmotor vehicles. Formalised through a Memorandum of Understanding (MoU), the collaboration brings together the Bank’s expertise in flexible financing and Carmart’s portfolio of internationally recognised vehicle brands, creating a value-rich proposition for customers seeking to purchase new vehicles. Under this MoU, valid until 30th June 2027, Commercial Bank will offer attractive interest rates, concessions on documentation charges, and a complimentary credit card with the first year’s annual fee waived. These benefits are designed to reduce upfront costs and ease the financial commitment associated with vehicle ownership. With leasing facilities available through Commercial Bank’s island-wide branch network, a cross section of customers will be able to part-finance their vehicle purchases while structuring repayments to align with their income patterns, enabling greater financial flexibility. Further enhancing the value proposition, Carmart (Pvt) Ltd. will offer customers a range of added benefits, including a complimentary full tank of fuel, free vehicle registration, and other exclusive privileges, making the overall vehicle ownership experience more rewarding. The Bank said the partnership reflects its continued focus on delivering practical and customer-centric leasing solutions in collaboration with reputed vendors. By combining competitive rates with cost-saving concessions, the Bank aims to make vehicle ownership more attainable for both existing and new customers. This collaboration is particularly significant in the current market context, as it offers customers the opportunity to benefit from preferential leasing terms while managing repayments in a way that suits their financial circumstances. As a pioneer in leasing solutions, Commercial Bank continues to innovate through strategic alliances that enhance value, broaden choice, and support customers in achieving their lifestyle aspirations.
Business Who will become Sri Lanka’s most popular websites? BestWeb.LK 2026 opens Rate & Review
Published 10 mins agoon 2026/07/3
Sri Lanka’s premier web design competition organised by the LK Domain Registry, officially opened BestWeb.LK Rate & Review for 2026 from 23rd to 30th June, It invites everyone to evaluate and rate the sites at rate.bestweb.lk. Now in its 16th edition, BestWeb.LK continues to set the standard for digital excellence across Sri Lanka. This year, the competition introduces an enhanced Rate & Review System that moves beyond traditional vote-counting, combining public ratings with quality assessments to deliver a fair and comprehensive evaluation across all competition categories. Members of the public are invited to browse all shortlisted websites, visit each site directly, and submit a rating on a scale of 1 to 5 based on their overall experience. To encourage meaningful participation, ratings submitted by verified users who sign in and complete a one-time OTP verification will carry full 100% weighting in the evaluation. Guest ratings are also accepted, though they carry less weight. Each participant may rate a specific website only once, and a minimum number of verified ratings is required for a website to qualify for the Most Popular Website award in its respective category. Speaking on the initiative, Prof. Gihan Dias, CEO and Domain Registrar of the LK Domain Registry, stated: “BestWeb.LK has always been about celebrating the best of Sri Lanka’s digital landscape, and public participation is central to that. The Rate and Review System reflect our commitment to ensuring that recognition is meaningful, credible, and truly representative of the quality our web community continues to build.” Throughout the rating window, the BestWeb.LK Technical Team will actively monitor all participating websites through an automated system to uphold the integrity of the process and identify the Most Popular Website winners in each category. You are encouraged to rate as many shortlisted websites as you can to ensure broad and balanced feedback across all categories.