Business
G7 statement on debt relief buoys CSE; buying interest in Expolanka Holdings
By Hiran H.Senewiratne
CSE trading activities started on a positive note with little volatility in the market and concluded on the same affirmative note with buying interest in Expolanka Holdings stocks yesterday.Further, the Group of Seven (G7) nations’ decision to provide debt relief to Sri Lanka, enabled the CSE to gain some buoyancy yesterday.The G7 countries said in a statement they are committed to finding long-term solutions for the Indian Ocean nation’s economic issues and urged it to “negotiate constructively” with the International Monetary Fund on a potential loan programme.
“The G7 stands ready to support the Paris Club’s efforts, in line with its principles, to address the need for a debt treatment for Sri Lanka, the group of rich creditor nations said.
Amid those developments both indices moved upwards. The All- Share Price Index went up by 91.7 points or 1.1 per cent and the S and P SL20 rose by 96.94 points or 3.4 per cent during the day. Turnover stood at Rs 1.98 billion with four crossings. Those crossings were reported in HNB, which crossed 1.5 million shares to the tune of Rs 120 million, its shares traded at Rs 80.50, Dialog 4.4 million shares crossed to the tune of Rs 42.7 million, its shares traded at Rs 9.60, JKH, 367,000 shares crossed to the tune of Rs 49.5 million its shares fetched Rs 135 and Aitken Spence 397,000 shares crossed for Rs 30.6 million, its shares traded at Rs 77.
In the retail market top seven companies that mainly contributed to the turnover were; Expolanka Holdings Rs 900 million (4.2 million shares traded), Browns Investments Rs 133 million (16 million shares traded), LOLC Finance Rs 115 million (12.3 million shares traded), Softlogic Life Rs 83.8 million (1.2 million shares traded), Hayleys Rs 59.5 million (817,000 shares traded), Softlogic Capital Rs 42.6 million (5.2 million shares traded), and LOLC Holdings Rs 27.6 million (68,000 shares traded).During the day 65.1 million share volumes changed hands in 14529 transactions.Yesterday one of the reasons for the market to move up was the appreciation of Expolanka Holdings stocks. Its share price moved up by Rs 16.25 or eight per cent. Its shares moved up to Rs 219.50 from Rs 203.24.Yesterday, commercial banks quoted Rs 364 per dollar against telegraphic transfers, while the Central Bank set a daily guidance rate for interbank spot trade at RS 359.47 plus or minus 2.50.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
