A market brief each morning, plus company filings and news from across Sri Lanka's stock market. Filter by company, sector and theme, and use sentiment badges to quickly identify Positive or Negative news.
Vidullanka PLC said construction of its 10 MW Ranna Solar Power Project (Rs.1.8 billion), owned via 50%-held JV DPV Solar Energy Ltd., is complete and awaits EDL to energise the grid interconnection before commercial generation can start. Once commissioned the plant will add 10 MW of renewable capacity to the national grid.
India's GDP grew 7.8% in 1Q FY27 to INR 81.36 trillion, up from a revised 6.9% a year earlier. Growth was driven by 9.2% manufacturing expansion and an 11.9% rise in gross fixed capital formation (with construction and electricity rebounding); officials warned elevated oil prices (above $80/bbl) and West Asia disruptions could weigh on exports and demand.
Asian stocks tumbled as renewed US-Iran fighting pushed Brent crude to $95.91/bbl and triggered a global bond selloff, lifting the US 10-year yield to an intraday high of 4.8122% and MSCI Asia‑Pacific ex‑Japan down 1.5%. Traders price a higher chance of Fed tightening while RBNZ hiked rates 25bp to 2.75%.
Oil prices rose after the U.S. and Iran exchanged strikes, with Brent at $95.40/bbl and WTI at $90.66/bbl, extending a recent surge. The escalation raised supply-disruption risk around the Strait of Hormuz and came alongside a drawdown in U.S. crude inventories.
The Sri Lanka-Japan Business Council held its 47th AGM; Athulla Edirisinghe was re-elected President and officers from Hayleys Advantis, Spear International and Prudential Shipping were elected to the committee. Japan's Ambassador urged an export-oriented industrial policy and expanded renewable energy investment, noting Japan's 'Power Asia' $10bn financing initiative.
Sri Lanka's cumulative trade deficit widened to US$6.5 billion in Jan-July 2026 (from US$3.9bn), driven mainly by soaring fuel import costs and weaker export performance. Services and tourism softened, while workers' remittances and official reserves provided some support.
Sri Lanka's current account posted a $142m deficit in July, the fourth consecutive monthly deficit, leaving a January-July cumulative deficit of $387m, the central bank said. The trade deficit widened to $6.5bn Jan-Jul, fuel import costs rose 68% YoY in July, tourism earnings fell while remittances and some foreign inflows rose.
Ceylon Petroleum Corporation cut petrol prices with effect from midnight 30 August: Petrol 92 down Rs.15 to Rs.399/litre and Petrol 95 down Rs.20 to Rs.475/litre. Diesel (Auto and Super) and kerosene prices remain unchanged.
The external current account recorded a $142m deficit in July, bringing the Jan-July cumulative shortfall to $387m as the merchandise trade deficit widened to $6.5bn (imports up 26% to $14.6bn). Fuel imports rose ~60% YoY to $3.62bn; the rupee was 5.5% weaker YTD to end‑Aug and reserves were $6.6bn at end‑July.
ABC Trade & Investments signed an MoU with the All‑China Environment Federation to create a framework bringing Chinese technology, engineering and potential capital into Sri Lanka for water, clean‑energy and environmental infrastructure projects. Priority areas cited include urban/rural water systems, sewage and industrial wastewater upgrades, village drinking‑water purification and distributed renewable energy installations.
Deep Tec Engineering and China Civil Engineering Construction Corporation (CCECC) signed an MoU appointing Deep Tec as CCECC's authorised local engineering and business partner to develop solar-powered water, purification and sanitation infrastructure across Sri Lanka.
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