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.
BYD launched RACCO, its first kei car developed for the Japanese market, marking the company's entry into Japan's largest small-vehicle segment (kei cars ~40% of new sales). John Keells CG Auto's CEO said they are exploring whether RACCO or an adapted version could be brought to Sri Lanka.
Imperial College of Business Studies held LEVEL UP 2.0 on 9 Sept 2026 at Kandy Myst by Cinnamon, attracting over 120 professionals and featuring speakers from Dialog Axiata PLC and LAUGFS Gas PLC. The event focused on wealth creation, career development, continuous learning and networking.
Daily FT·Sep 17, 2026·Award or certificationPositive
Ceylinco Life honoured 124 top-performing sales personnel at its Mid-Year Awards 2026, recognising customer-service and sales achievements with certificates, cash prizes, trophies and foreign tours.
The Central Bank of Sri Lanka hosted its inaugural Reserve Management Conference in Colombo on 10-11 September 2026, bringing central bankers, sovereign asset managers and IFIs together to discuss building foreign reserve buffers, geopolitical risks, the role of the US dollar, digital/tokenised assets and AI in reserve management.
The Sri Lanka Export Development Board, with the Sri Lanka High Commission in the Maldives and private partners, ran a Sri Lanka Country Pavilion at Food and Hospitality Asia Maldives (FHAM) 7-9 Sept, showcasing 10 SMEs under 'Creative Sri Lanka 2030' to promote giftware and lifestyle exports to the Maldivian hospitality market. The initiative targets resort buyers with high-value niche products such as home décor, spa items and artisanal souvenirs.
People's Bank ran its 'YES Cash Carnival Draw', awarding 25 customers Rs.100,000 each to holders who maintained a balance of at least Rs.50,000 in their YES Savings Account between 12 Aug and 30 Sep 2025 and kept the balance until 31 Dec 2025.
SAJ Associates is expanding its product range to 30 items through the growing Lakarcade retail network, including a new souvenir shop at a Colombo hotel to target rising tourist arrivals. The expansion aims to boost product availability for tourists and supports over 500 female farmers supplying specialised ingredients.
HNB Life opened a new branch in Kandana, expanding its physical network as it celebrates its 25th anniversary and its transition from HNB Assurance to HNB Life. The branch is intended to increase accessibility to life insurance and support its Life Planners' distribution.
The 11th Belt and Road Summit in Hong Kong concluded successfully, drawing over 6,200 political and business leaders from 70+ countries, showcasing 300+ investment projects, arranging 800+ one-on-one meetings and facilitating more than 60 MoUs. Sri Lanka was represented by Trade Minister Wasantha Samarasinghe.
Secondary government bond yields rose for a second straight session, with short-to-belly maturities trading around 10.95%-11.50%; a Rs.70 billion Treasury Bill auction (Rs.25b 91-day, Rs.25b 182-day, Rs.20b 364-day) is scheduled today. The rupee weakened to Rs.330.65/331.10 against the US dollar.
The PDMO raised the full Rs. 70,000 million at today's T‑bill auction while weighted average yields rose across all tenors: 91-day 9.18% (+15bps), 182-day 9.36% (+12bps) and 364-day 9.88% (+11bps). Total bids were Rs. 171,601 million (2.4x the offer); settlement Sep 18, 2026.
Interest Rates
Ada Derana·Sep 16, 2026·Management or board change·UBCPositive
Union Bank CEO Dilshan Rodrigo was re-elected as Senior Vice Chairman of the Sri Lanka Institute of Directors at the institute's AGM, his second consecutive year in the role. The appointment reflects his ongoing contributions to corporate governance and the wider corporate sector in Sri Lanka.
EconomyNext·Sep 16, 2026·Regulatory or legalPositive
Sri Lanka Customs collected Rs 2 trillion through Sept. 15-over 90% of its Rs 2,207 billion 2026 target-and is on track to exceed the full-year target. Officials say stronger enforcement, improved valuation and a rebound in import volumes have driven the rise in collections.
Sri Lanka's real GDP growth slowed to 4.2% in Q2 2026 (y/y), down from 5.0% in Q2 2025, as the economy was hit by higher energy costs from Middle East tensions, weakened purchasing power after tax hikes, adverse weather and a sharp drop in agricultural output, with tourism also subdued.
Fuel & Energy PricesTourism
Ada Derana·Sep 16, 2026·Capital raise·AHUNPositive
Aitken Spence Hotel Holdings PLC's maiden listed, rated, unsecured senior redeemable debenture issue was oversubscribed on opening day (15 Sep 2026), receiving applications for the full 50 million debentures (Rs5.0 billion). The company had sought an initial Rs3.0 billion with an option to expand to Rs5.0 billion; basis of allotment will be announced to the CSE.
Asian stocks edged higher, with MSCI's Asia-Pacific ex-Japan index up 0.5%, as a pause in the global bond selloff steadied markets ahead of a widely expected 25bp Federal Reserve rate hike; Brent crude slipped about 0.6% to $108.13 a barrel.
Payable has launched Payments.lk, a new payment gateway that charges no setup or monthly fees and offers published rates from 2.29% for local cards and from 0.99% for LankaQR and LankaPay, targeting startups, SMEs, freelancers and professionals.
Printcare PLC will raise Rs700,014,300 via a rights issue offering 23,333,810 shares at Rs30 each (19 new shares for every 70). The proceeds are for investment and working capital; the company's shares were trading at Rs38, down 5%.
Sri Lanka's apparel industry, which accounts for roughly 40% of merchandise export revenue and employs about 300,000-350,000 people, is pushing to lift apparel exports toward a US$8bn target and support the government's NEDP goal of US$28bn by 2030. Industry asks include stronger investment incentives, building local upstream capacity, automation and productivity upgrades, market diversification and faster trade negotiations.
Hunas Holdings (HUNA.N0000) said it has entered a partnership with Tokyo-based CCH Inc and investor Yoshimichi Watanabe, effective Sept 14, to support expansion of its real estate and hospitality businesses and drive long-term growth.
Sri Lanka's rupee was at 330.70/331.20 to the US dollar on Wednesday, slightly weaker than the prior day, while government bond yields were quoted steady to lower on selected tenors. A 70,000 million rupee Treasury bill auction was ongoing.
Lawyers for suspect Jiffry Mohamed have urged the Attorney General to direct the FCID to fully investigate police allegations that goods paid for via dollar remittances were undervalued yet cleared by Sri Lanka Customs. They say advance payments under the 2011 regulations were lawful, banks conducted due diligence, and Customs and the source of funds should be probed; the suspect remains in remand.
The Cabinet approved publishing the 2027 Appropriation Bill in the Government Gazette and submitting it to Parliament for approval. The bill has received Attorney General clearance and will be tabled after gazetting, with the full budget timeline to be announced.
Aitken Spence Hotel Holdings PLC said its maiden listed debenture issue was oversubscribed on opening day, receiving applications for more than 50 million debentures and filling the full Rs.5 billion on offer (initial Rs.3 billion, option to extend to Rs.5 billion).
Cabinet Spokesman Dr. Nalinda Jayatissa said the Ceylon Petroleum Corporation has not yet submitted a fuel price proposal and no price revision discussions are underway. He said future pricing will hinge on global price movements and noted the government provided Rs. 57 billion in concessions over three months.
The Cabinet approved designating Prime Melva Ltd as a 'primary business of strategic importance' under the Colombo Port City Economic Commission Act, enabling exemptions/incentives for its planned Rs.56 billion waterfront mixed‑use project. The proposal cites $112.2m and Rs.15.9b of investment and about 800 jobs; details on selection criteria and tax concessions will be provided next week.
The Central Bank of Sri Lanka said the Manufacturing PMI was 53 in August (down from 55.6 in July) while the Services PMI rose to 65.6, showing expansion in both sectors. Manufacturing moderation was led by textiles and apparel, services growth was driven by transport, wholesale & retail and professional services; employment rose and suppliers' delivery times lengthened, with the outlook supported by expected higher tourist arrivals.
Maersk Singapore MD Rene Piil Pedersen urged Sri Lanka to move beyond transshipment and build a full maritime and logistics ecosystem to capture higher-value activities and attract FDI, citing Singapore's free-trade-zone model and Colombo's strategic location.