Company filings and market news from across Sri Lanka's stock market.
Sri Lanka advanced renewables, launching a 250 MW/1000 MWh battery storage tender and clearing funding to integrate rooftop solar and virtual net metering. The government also advanced grid and storage projects and named Delft, Analaitivu and Nainativu as Green Energy Islands. Business groups pressed for policy, grid and pricing reforms. Fuel prices were held steady as CPC absorbed diesel losses.
Auto-generated from 19 sector news articles over 30 days. Not investment advice.
Oil prices plunged after US President Trump called off planned strikes on Iran, with WTI at $79.77/bbl (‑5.88%) and Brent at $83.47/bbl (‑5.07%). The drop reflects hopes of de‑escalation, even as OPEC+ approved a ~188,000 bpd September output increase and regional shipping risks persist.
Sri Lanka's current account swung to a $245m deficit in 1H 2026 from a $1.4bn surplus a year earlier as the merchandise trade deficit widened 67% to $5.49bn (exports $6.9bn, imports $12.4bn). Higher fuel imports (1H fuel bill $3.17bn, +58.8% YoY), a weaker services surplus and Middle East-related import pressures drove the deterioration; gross official reserves were $6.5bn and the rupee was 7.8% weaker YTD.
Sri Lanka's monthly current account deficit widened to $149mn in June 2026 (third consecutive monthly deficit), leaving a H1 cumulative deficit of $245mn versus a surplus in H1 2025. The merchandise trade gap widened as import expenditure (fuel imports +40.2% YoY) outpaced export growth, tourist earnings fell and remittances rose; official reserves were $6.5bn and the rupee had depreciated 7.8% YTD by end-July.
Headline inflation rose to 7.3% in July 2026 from 6.8% in June, breaching the Central Bank's 7% upper target. The CBSL said higher housing rents and food inflation, and a c.47% fuel price rise after Middle East supply disruption, drove the increase; the central bank last month kept the policy rate unchanged and expects inflation to remain above target in the near term.
The Central Bank reported a monthly current account deficit of US$149 million in June 2026 (third consecutive month) and a cumulative H1 deficit of US$245 million. The deterioration was driven by a wider merchandise trade deficit (US$5.5bn H1), a 40.2% rise in fuel import costs y/y, a 9.9% drop in tourist arrivals in June, and a 7.8% YTD depreciation of the rupee.
Sri Lanka's state petroleum corporation (CPC) kept domestic fuel prices unchanged for the month and is absorbing diesel losses of about Rs63-70 per litre as global diesel prices have risen ~158.9% vs pre-war while local diesel is up ~135.9%. CPC blamed the Russia-Ukraine war, refinery outages and higher Red Sea shipping costs; petrol has risen ~141% since February.
Oil prices fell as Brent dropped $1.44 to $87.59/bbl and WTI fell $1.59 to $82, though both are set for about a 20% monthly rise, as increased flows through the Strait of Hormuz and other chokepoints offset Middle East tensions.
ADB will deploy $450 million to help Cambodia and Sri Lanka-$250m for Cambodia's RISE program and $200m (including $100m additional financing) for Sri Lanka's Trade, Investment and Industry Development Program. Measures include income support for over 1 million Cambodian households, promotion of clean energy and reforms to boost Sri Lankan trade, investment and export diversification.
Oil prices slipped as markets weighed Gulf supply flows: Brent fell 1.06% to $89.78/bbl and WTI fell 0.76% to $83.82/bbl amid escalating Gulf attacks, while analysts note crude is still reaching markets via alternative routes.
Oil and Natural Gas Corporation (ONGC) has begun drilling India's first deepwater exploratory well, MN-DW18-1-H-D, in the Mahanadi offshore basin about 23 nautical miles from its Konark discovery, part of the DeepX/Samudra Manthan campaign to boost domestic hydrocarbon production and reduce import dependence.
S&P affirmed Sri Lanka's sovereign ratings at 'CCC+/C' with a stable outlook on July 27, 2026, and upgraded the transfer and convertibility assessment to 'B-'; it flagged a heavy interest-to-revenue burden (~45.6%). The agency noted resilient GDP growth but vulnerabilities from high debt, external shocks (Middle East war, Cyclone Ditwah) and a 100bp policy-rate hike to anchor inflation.
Oil prices fell over $1/bbl after the US and Iran paused attacks, with Brent down $1.47 (1.66%) to $86.89 and WTI down $1.45 (1.76%) to $81.16, their lowest since July 20. Analysts warn supply risks remain as Red Sea traffic has dropped and tensions could resume.
S&P Global affirmed Sri Lanka's long- and short-term sovereign ratings at 'CCC+/C' with a stable outlook and revised the transfer and convertibility assessment to 'B-'. The agency warned higher energy costs and Middle East risks could pressure growth and external balances, and forecasts 3.8% GDP growth in 2026.
GoodWe and the Sri Lanka Sustainable Energy Authority hosted the Solar + Storage Forum 2026 in Colombo, drawing over 400 attendees and showcasing GoodWe's residential, C&I and utility storage solutions. Government and industry speakers highlighted energy storage as critical to Sri Lanka's target of 70% renewable electricity by 2030.
The CSE opened higher with the ASPI up 0.07% at 21,187.22 and the S&P SL20 up 0.10% at 5,948.74; market turnover exceeded Rs.2bn and foreigners were net buyers (Rs.15.7m). John Keells, Hayleys and HNB were key contributors while capital goods and banking led turnover.
Colombo Stock Exchange midday: ASPI rose 0.56% to 21,306.64, led by gains in Colombo Dockyard, Dialog Axiata, Melstacorp, PGP Glass, Commercial Bank and Kelani Cables while Vidullanka fell. R I L Property disclosed public shareholding is 46.1071% after prior miscalculations.
Colombo Stock Exchange closed flat, ASPI up 0.07% to 21,187.22 with turnover of 2.07 billion rupees; capital goods led turnover at 866 million rupees.
India's assistance to Sri Lanka has exceeded $7.5 billion, including more than $850 million in grants. The aid has supported projects across all 25 districts in infrastructure, housing, health, education, agriculture, renewable energy, railways and industrial development.
Brent fell 3.6% to $97.10 and WTI fell 3.4% to $89.07 on Friday but both were set for a weekly gain (Brent ~10%, WTI ~8%) as the US‑Iran war escalated.
SEC, CSE and CA Sri Lanka signed an MoU to implement XBRL-based reporting for companies listed on the Colombo Stock Exchange, targeting rollout in the latter part of 2026. The CSE has procured and customised the XBRL platform and is completing UAT while a joint committee finalises the taxonomy and implementation framework.
Oil headed for weekly gains after Houthi attacks on Red Sea tankers and Kazakhstan output cuts; Brent at $99.97 (-0.72%) on course for a 13.5% weekly rise and WTI $91.49 (-0.76%) up about 10.9% this week. The incidents raise risks to the Bab el-Mandeb route and Kazakh exports via the Black Sea.
The Ceylon Chamber of Commerce will host a business networking session with a 30-member Indian Chamber of Commerce delegation on 28 July at the Hilton Colombo Residences to connect Sri Lankan firms with Indian companies. Participating sectors include manufacturing, construction, healthcare, IT, renewable energy and tourism.
Ceylon Chamber will host a business networking session with a 30-member Indian Chamber of Commerce delegation on 28 July at the Hilton Colombo Residences, offering Sri Lankan firms opportunities to explore trade, investment and partnerships across sectors including manufacturing, construction, healthcare, IT, renewables and tourism.
Despite political backlash, the global shift to cleaner energy and converging sustainability disclosure standards (ISSB, EU rules) is accelerating, driven by large investors and prompting manufacturers and financiers to adopt carbon accounting, taxonomy-aligned finance and digital product passports.
Boards and regulators are urged to treat cybersecurity as a governance priority — giving CISOs stronger board access, mandatory incident reporting and minimum standards — because breaches can disrupt hospitals, payments systems and critical infrastructure.
Solar and wind are now the cheapest sources of new electricity generation in most parts of the world, shifting renewable energy from a reputational choice to a cost-saving, price-stability option for companies. Firms are adopting rooftop solar, PPAs and storage across manufacturing, retail, logistics and large IT users to cut costs and meet rising disclosure rules.
Global sustainable consulting is forecast to reach $27.21bn by 2034, growing at a 9.5% CAGR from $11.79bn in 2025 as mandatory ESG rules and decarbonisation drive demand for sustainability advisory. Manufacturing, energy, infrastructure/green building and professional services are the main demand centers, with consultancies expanding digital and operational capabilities.
Green finance is emerging in Sri Lanka to channel investment into renewable energy, green bonds, ESG-linked lending and sustainable infrastructure to boost climate resilience and economic recovery. Banks, capital markets, developers, tourism operators and tech firms are highlighted as key participants.
Sri Lanka's large EEZ and strategic maritime location offer opportunities to grow a Blue Economy across fisheries, ports/logistics, tourism, aquaculture, marine biotechnology and ocean renewables. Realising this will require ESG-aligned investment, tech adoption, sustainable management and coordinated policy.
Oil prices rose to a six-week high as US strikes on Iran and Houthi attacks on tankers raised shipping and supply risks, lifting Brent to about $96/bbl and WTI to $88.27. US crude stocks rose by 2 million barrels last week, partly offsetting tightness concerns.