News & market updates

Prime Minister Dr. Harini Amarasuriya met ADB Country Director Shannon Cowlin on 10 Feb; ADB reaffirmed readiness to support Sri Lanka's post-Cyclone Ditwah recovery, including rebuilding and reconstruction and assistance for the education sector.

Sri Lanka will make sustainability reporting mandatory by 2028 for private companies with revenue above Rs. 10 billion, with the top 100 CSE-listed firms required to comply from 2025 under IFRS S1/S2. Parallel National Environmental Act reforms introduce strategic environmental assessment, load-based licensing and extended producer responsibility, and require board-level ownership of climate risks.

Tokyo Cement reported 3Q turnover of Rs.14,523m (vs Rs.11,639m) and profit after tax of Rs.332m (vs Rs.1,006m), citing volume growth but lower selling prices, higher input and currency costs and capitalisation of expansion and a vessel; expects demand lift from reconstruction and infrastructure spending.

Tokyo Cement Group reported Q3 turnover of Rs.14,523 million (25% YoY) and PAT of Rs.332 million (down from Rs.1,006 million YoY), citing volume growth but pressure from lower selling prices, higher raw material and currency costs, and capitalisation of expansion and a vessel; expects demand support from post-cyclone reconstruction and planned government capex.

Colombo market opened in red as the ASPI fell 0.20% to 23,754.26 amid foreign net selling of Rs. 1.4 billion. Top negatives were JKH, SFCL, DOCK, TKYO and CARG, while LMF led food & beverage turnover and gained 9.08%.

Dividend · Rs 1.00 · XD Feb 18, 2026

First Interim dividend of LKR 1/share; XD 2026-02-18; record 2026-02-18; payable 2026-03-10; FY ending 31st March 2026

Indian Acting High Commissioner Dr. Satyanjal Pandey said Sri Lanka can leverage India’s growing trade and investment network to boost ports, renewable energy, connectivity and integrated supply chains. He highlighted Colombo Port’s handling efficiencies and urged aligning policies with India to diversify beyond apparel and tourism.

ADB has appointed Shannon Cowlin as its new Country Director for Sri Lanka, and she assumed office in Colombo today. Cowlin, with 26+ years' experience including work on energy, climate and public health, said ADB will support Sri Lanka's recovery and resilience, including cyclone damage.

M.G. Hemachandra, Chairman of the Urban Development Authority, has been appointed a Non-Executive Director of On’ally Holdings PLC.

President Anura Kumara Dissanayake launched the Mahaiyawa underpass in Kandy (RDA project costing Rs. 699.6 million, due in 273 days) and formally resumed the stalled Kandy–Gatambe flyover (restarted with Rs. 12.27 billion in domestic funds, due in 22 months). The main flyover will be 374m with a 172m auxiliary link to bypass the railway crossing.

A Centre for a Smart Future report finds Colombo's green-living property boom is eroding wetlands and driving suburban land prices up about 30–40% annually in areas like Kaduwela, Malabe and Thalawathugoda. The study notes 65% of listings use nature-linked marketing and weak environmental oversight.

Colombo stock market ended the week up as the ASPI rose 0.14% to 23,801.96 while year-to-date net foreign selling approached Rs. 11.8 billion. Turnover was nearly Rs. 9.1 billion, led by banks and large crossings (notably Commercial Bank) with gains in ACME, JKH, Sampath, HNB, KZOO, Colombo Dockyard and Teejay.

Swisstek (Ceylon) PLC has appointed Indika Ilukkumbura to its Board as a Non-Independent Non-Executive Director. Ilukkumbura is Group CFO of the Unidil Group with over 18 years' experience in finance, audit and compliance.

Senok Group has been reappointed as JCB's Authorized Dealer for the full JCB product range in Sri Lanka and remains reseller in the Maldives, restoring the partnership and offering nationwide sales, spare parts availability and after-sales service for construction and industrial machinery.

Kristall Spaces Lanka will retain long-term operational control of All-Suite Resort Talpe Heights through its associate All-Suite Resorts Lanka, offering 10-year management contracts and targeting 8–11% annual rental returns and 5–10% annual capital appreciation. It projects 120 nights occupancy in Year 1.

Sterling Steels Limited signed a Memorandum of Understanding with the University of Moratuwa to collaborate on applied research and innovation in steel building construction, focusing on cold-formed steel design and performance.

World Bank Executive Director Parameswaran Iyer visited Sri Lanka to strengthen development cooperation and reviewed World Bank-supported initiatives with the Treasury secretary. He highlighted priority areas for jobs and growth: infrastructure, agribusiness, healthcare, tourism and value-added manufacturing.

Cabinet approved the Renewable Energy Resources Development Plan 2025–2030 to target 70% of Sri Lanka’s electricity from renewables by 2030 and carbon neutrality by 2050. The plan outlines land prioritisation, a Renewable Energy Map, floating solar projects and stakeholder consultations on environmental and land-use concerns.

CT Land Development PLC appointed Chulantha Wickramaratne, former Auditor General (2019–2025), as an Independent Non-Executive Director. Wickramaratne has also held independent directorships at CT Holdings PLC and Cargills (Ceylon) PLC.

CT Land Development PLC appointed former Auditor General W.P.C. Wickramaratne as an Independent Non-Executive Director effective 3 February 2026. He will join the Audit, Related Party Transactions Review, Nominations & Governance and Remuneration Committees and holds no CTLD shares as at appointment.

Sri Lanka promoted Port City Colombo at an investor forum in Singapore on 27 Jan 2026, drawing about 100 senior invitees to showcase the SEZ's services-led investment opportunities and governance incentives. Officials highlighted macro stabilisation, legal reforms, and investor incentives including foreign currency freedoms and visa facilitation.

Home Lands will launch 1,000 brand-new resort-style apartments across four projects at a property investment roadshow on 8 Feb, with five banks (Commercial Bank, HNB, Sampath, NDB and DFCC) offering up to 100% financing and flexible payment plans.