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Friday November 13th, 2026

Sri Lanka at centre of new cricket match-fixing probe

ECONOMYNEXT – The International Cricket Council has begun investigating allegations that two Sri Lankans agreed to tamper with the pitch at  Galle to change the outcome of a Test match against England later this year.

Sri Lanka cricket said it will fully co-operate with the ICC investigation.

"Sri Lanka Cricket wishes to state that it has zero tolerance towards corruption and will take immediate action against any person involved in the alleged incident, if found guilty," SLC said in a statement.

The ICC said it took the allegations contained in an Al Jazeera documentary to be broadcast today (Sunday) very seriously and also wanted the Doha-based news network to share its evidence and supporting material with the investigators.

The London-based Daily Telegraph trailed the documentary with an extensive report detailing the two Sri Lankans and a former Indian player discussing how to rig the First Test between England and Sri Lanka in November.

“We have already launched an investigation working with anti-corruption colleagues from Member countries based on the limited information we have received,” the ICC said in a statement.

It said it made repeated requests that all evidence and supporting materials relating to corruption in cricket is released immediately to investigators to undertake a full and comprehensive investigation.

“Our Anti-Corruption Unit is committed to working to uphold integrity in cricket and would urge anyone with any information to contact us via contactacu@icc-cricket.com.”

An undercover journalist, posing as a businessman looking to place bets on the match, filmed a match fixer and the groundsman of the Galle International Stadium agreeing to help alter the outcome.

The "wicket fixing" plot involves doctoring the pitch to make it impossible for the contest to end in a draw. Such tactics would allow those involved to profit dishonestly from placing bets against that outcome with unsuspecting bookmakers.

The match-fixing allegations come from a documentary entitled Cricket’s Match-fixers, to be broadcast by Al Jazeera on Sunday night.

The Daily Telegraph said the film footage featured Robin Morris, a former professional cricketer from Mumbai, India, Tharindu Mendis, a professional player from Colombo, and Tharanga Indika, an assistant manager at Galle International Stadium.

They are shown discussing doctoring pitches during a meeting with the undercover reporter prior to the announcement of the date of the Sri Lanka Test at the Galle ground.

Asked when the next such fix would be carried out at there, Morris replies: “England v Sri Lanka. It’s in October, England v Sri Lanka.”

When the reporter says, “The next one he [Indika] will doctor the pitch for is Sri Lanka versus England?”, Mendis nods his head.

Asked if he could fix the surface for the England match so a draw would be impossible, Indika replies: “Yes, I can. I can confirm it in advance one week before.”

When the subject of ensuring the Sri Lanka v England Test would be finished inside four days is raised during a second meeting, Indika says, laughing: “I can do it in two-and-half.”

The reporter earlier asks Indika if he is confident he could keep knowledge of any pitch-doctoring within a small circle of people and prevent any leaks.

He replies “Yeah, sure”, adding that he trusted only “three or four” members of his 17-strong ground staff to help him.

Explaining how he could produce a surface that would make a draw all but impossible, he says: “We leave the wicket uncovered for about two weeks. Don’t water it and this will cause damage to the wicket.”

Mendis says other ways to fool pitch inspectors sent to every international match by the sport’s governing body, the International Cricket Council, include watering the pitch for half as long as necessary and using a special “brush” during the game itself.

Indika confirms he could produce a pitch to favour either bowlers or batsmen, saying: “Yes, if you want a pitch for spin bowling or pace bowling or batting, it can be done.”

 Morris says Indika had already doctored the wicket for the most recent Test played at Galle in July between Sri Lanka and India.

 Indika adds of the match, which the tourists won by 304 runs inside four days after posting a massive 610 runs in their first innings: “India was set for a batting wicket. Our guys didn’t play well.”

Doctoring a pitch in that way would allow a fixer to bet dishonestly on a team scoring unexpectedly heavily when batting first.

Gesturing towards Indika, Morris says: “What happens is he – we – can make a pitch to do whatever we want it to do. Because he’s the main curator. He is the assistant manager and curator of the Galle stadium.”

Morris, who played 42 first-class matches for Mumbai and also represented Mumbai Champs in the Indian Cricket League – an unofficial forerunner of the lucrative Indian Premier League – adds that he spreads his bets to avoid arousing suspicion.

“We hit 10 bookies in one go,” he reveals.

He also claims doctoring a pitch to suit bowlers is safer than for batsmen as “batsmen can make mistakes”.

It has long been customary in cricket for pitches to be produced that favour the home team – sometimes controversially so – within guidelines laid down by the ICC.

But the claims that some are being doctored in order to fix the outcome of a match for the purposes of betting fraud will shock many in the game.

Ground staff at major venues are arguably more susceptible to bribery than top players because they earn far less, with Morris telling the documentary that fixers paid groundsmen 25 lakh Indian rupees (5.75 million Sri Lankan rupees) to doctor the pitch for one Test, the equivalent of eight years’ salary.

He also claims a previous Galle groundsman had even “got caught doing this”, without giving any more detail, the Telegraph reported.

The former curator of the Galle Stadium, Jayananda Warnaweera was slapped with a three=year ban by the ICC in January 2016 for failing to cooperate with an anti-corruption investigation.

Morris denies any wrongdoing. He says Al Jazeera invited him to audition for, and act in, a commercial movie “for public entertainment”.

Indika denies any involvement in pitch-fixing, saying any conversations he had with journalists were to show courtesy to foreign tourists. Mendis did not respond to requests for comment, the Telegraph said. (COLOMBO, May 26, 2018)

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Sri Lanka stocks close down 0.60-pct, dragged by HNB and LOLC

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.60 percent.

The ASPI was down 133.22 points at 22,024.18, while the more liquid S&P SL20 was down 1.06 percent, or 67.55 points, at 6,298.02.

The ASPI ended the week up 784.53 points from last Friday.

Positive contributors to the ASPI were Dialog Axiata (up 0.40 percent at 50.20 rupees), Distilleries Company of Sri Lanka (up 0.52 percent at 58.30 rupees), Aitken Spence (up 3.60 percent at 151.00 rupees), Ceylon Tobacco Company (up 1.05 percent at 1,828.50 rupees), and LOLC Finance (up 1.96 percent at 5.20 rupees).

Hatton National Bank (down 1.88 percent at 403.75 rupees), Richard Pieris and Company (down 6.21 percent at 27.20 rupees), LOLC Holdings (down 2.17 percent at 405.00 rupees), Sampath Bank (down 1.91 percent at 154.00 rupees), and Singer (Sri Lanka) (down 2.40 percent at 77.30 rupees) were top negative contributors.

Market turnover was 3.23 billion rupees. Capital goods led turnover with 869.21 million rupees. (Colombo/Nov13/2026)

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Sri Lanka MP slams budget speech for omitting Tamil national question

ECONOMYNEXT – A Sri Lanka legislator has voiced strong disappointment that the President’s budget speech failed to make a single mention of the Tamil national question.

“It is very unfortunate that in His Excellency the President’s speech, there has not been a single word mentioned about the Tamil national question. Not a single word,” Shanakiyan Rasamanickam said.

“A budget speech generally, is a policy direction of the government for the next year. The budget speech is not only a statement of the country’s fiscal position or the economy’s position. It is the country’s, the government’s, plan, or what the government plans to do the following year. That’s a policy statement.”

Former presidents would at least mention the Tamil question even if it was not resolved, he said.

Former President Ranil Wickremesinghe in his speech, in his policy statement, he would mention: “The Tamil national question must be resolved,” Rasamanickam said.

Former Presidents Maithripala Sirisena and Gotabaya Rajapaksa also mentioned that the national ethnic question must be resolved, he added.

“Every President, every country’s Head of State, in their policy statements, have acknowledged the fact that there is an unresolved national issue, the Tamil national question, that it needs to be resolved. Various governments have proposed various mechanisms; none of them have succeeded, but at least it was mentioned.”

This year’s budget made allocations for the Office of Missing Persons, and the Office of Reparations.

“But the domestic mechanism is a mechanism that the victim community has rejected. So you all are allocating money to a mechanism where the victim community is not going to be part of.”

Last year’s budget 1 billion was allocated to be spent on the Trincomalee and Jaffna airports.

“Where was that 1 billion for the Trincomalee and Jaffna airports spent last year?”

“The trajectory of this government, Honourable Deputy Speaker, is worrying to me. It’s really worrying to me. Because if the objective is to say that there is no Tamil national question, if the objective is to say that you all have resolved any ethnic issue that this country faced, then Honourable Deputy Speaker, then I think the Tamil people will teach this government a very, very, very harsh lesson in the future.” (Colombo/Nov13/2026)

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Sri Lanka sells extra Rs6.5bn Treasury bills after auction

ECONOMYNEXT – Sri Lanka has sold 6,500 million rupees of treasury bills offered on tap at an average rate of 9.95 percent, the public debt management office said, bringing the total of bills sold in the week to 85.562 billion rupees.

The issue offered 90 billion.

Total market subscription was 6.5 billion rupees.

The debt office sold a 12-month bill at 9.95 percent.

On Wednesday (11) the debt office raised 79 billion rupees of 3, 6 and 12 month bills after offering 90 billion.

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Sri Lanka Treasury bill yields hold broadly steady, less bills sold

The settlement date is November 13. (Colombo/Nov13/2026)

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Access Engineering Sept quarter group net profit surges 200-pct to Rs4.75bn

ECONOMYNEXT — Sri Lanka’s Access Engineering PLC recorded a group net profit attributable to equity holders of Rs. 4.75 billion for the quarter ended September 30, surging 200 percent from Rs. 1.58 billion a year earlier, interim accounts showed.

Basic earnings per share rose to Rs. 4.08 for the September quarter, up from Rs. 1.58 previously.

Quarterly group revenue expanded 36 percent to Rs. 20.39 billion from Rs. 14.94 billion, underpinned by condominium property handovers — reflected in inventories dropping Rs. 7.69 billion since March to Rs. 35.71 billion — alongside strong automobile sales and steady civil engineering execution.

Cost of sales rose at a slower 27 percent to Rs. 14.34 billion, lifting gross profit by 64 percent to Rs. 6.05 billion and expanding gross margins to 29.7 percent from 24.7 percent.

Other income jumped 144 percent to Rs. 259.9 million, while administrative expenses rose 75 percent to Rs. 1.14 billion, leaving operating profit up 64 percent at Rs. 5.16 billion.

However, finance costs more than doubled, rising 107 percent to Rs. 1.18 billion on elevated group borrowings of Rs. 43.74 billion, partly offset by finance income climbing 302 percent to Rs. 42.2 million.

Share of results from equity-accounted investees rose 122 percent to Rs. 26.7 million, pushing pre-tax profit up 56 percent to Rs. 4.05 billion.

Income tax swung to a net reversal of Rs. 186.6 million from an expense of Rs. 804.1 million, boosted by deferred tax assets on unrelieved losses from a 100 percent enhanced capital allowance claimed by 60 percent-owned radiopharmaceutical subsidiary Access Medical Tracers (Private) Limited.

Total period profit rose 136 percent to Rs. 4.24 billion, with non-controlling interest declining 24 percent to Rs. 164.9 million following last year’s buyout of minority shareholders in Harbour Village (Private) Limited.

No separate exchange gain or loss was itemized in quarterly earnings, though foreign currency translation via associates recorded a Rs. 17.4 million loss in other comprehensive income, alongside USD 16.6 million in corporate guarantees.

Notes also flagged an expected Rs. 1.45 billion recovery from the terminated South Asia Commercial and Logistics Hub project, a Rs. 225 million post-quarter legal settlement already provided for, and a Supreme Court appeal over a 2011/12 PAYE tax ruling.

Group assets stood at Rs. 132.4 billion as of September 30, with net asset value per share at Rs. 46.70, as the Employees’ Provident Fund raised its stake to 5.69 percent.

Access Engineering shares closed at 80.00 rupees at the end of September and are currently trading around 85.80 rupees. (Colombo/Nov13/2026)

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Sri Lanka private sector says timely implementation of Budget 2027 key

ECONOMYNEXT – Private sector body, The Ceylon Chamber of Commerce, said it was encouraged by the broad direction of Budget 2027, noting that it reinforces Sri Lanka’s commitment to economic transformation while maintaining policy continuity, macroeconomic stability, and fiscal discipline.

“This continuity is particularly important as the country seeks to transition from economic stabilisation to a more durable, investment-led growth trajectory.”

The chamber also noted several areas where the Budget could have placed greater emphasis to strengthen the country’s growth prospects.

“In particular, there is a need for a stronger focus on attracting Foreign Direct Investment (FDI), accelerating factor market reforms, particularly in land and labour, and fast-tracking public procurement reforms to improve the efficiency and speed of project implementation.

“More targeted and actionable proposals could have been introduced to unlock the potential of sectors with significant growth opportunities, including tourism, agriculture, IT/BPO and logistics.”

The chamber said the budget contains positive measures aimed at enhancing competitiveness, and external sector resilience, while presenting opportunities for focus on sectors that can accelerate growth.

“A number of the key structural reforms identified in last year’s Budget have been carried forward and strengthened, providing greater certainty and predictability to businesses and investors.

“These include the continued implementation of the Trade National Single Window (TNSW), the phased removal of para-tariffs, the rollout of the Digital ID framework, efforts to expand market access through new Free Trade Agreements (FTAs), the strengthening of one-stop-shop investment facilitation mechanisms, progress on Customs reforms, the expansion of Bandaranaike International Airport (BIA), enhanced financing support for SMEs, and reforms relating to the management of State-Owned Enterprises.”

The CCC said that more than 20 proposals submitted by it have been reflected in Budget 2027.

These include measures to strengthen investor facilitation through the establishment of a professionally managed investment promotion agency; continued efforts to improve trade facilitation and export competitiveness; the Government’s consideration of a successor programme with the International Monetary Fund (IMF); accelerated progress on key legislative reforms; the expansion of digital government services; and the promotion of cashless payments and broader digital adoption. The Budget has also captured several priorities relating to energy security, including the accelerated deployment of Battery Energy Storage Systems (BESS) and investments in fuel storage infrastructure, initiatives to optimize underutilized agricultural land, measures to support the expansion of the digital economy and the IT/BPO sector, and tax reforms to support exporters, including the acceptance of newly VAT-registered exporters as eligible exporters.

“The inclusion of these priorities reflects the value of sustained public-private dialogue and demonstrates increasing alignment between national policy objectives and the needs of a competitive, export-oriented economy.

“The priority now must be effective and timely implementation to translate policy commitments into investment, competitiveness, exports and sustainable growth.” (Colombo/Nov13/2026)

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Sri Lanka stocks trend lower day after budget reading

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trending lower on Friday, CSE data showed, with the benchmark All Share Price Index moving down 0.66 percent.

The ASPI was down 146.78 points at 22,011, while the more liquid S&P SL20 was down 0.94 percent, or 59.99 points, at 6,306.

Positive contributors to the ASPI were Access Engineering (up 1.30 percent at 85.80 rupees), LAUGFS Gas (up 3.31 percent at 49.90 rupees), Ceylon Tobacco Company (up 1.13 percent at 1,830 rupees), Ceylon Cold Stores (up 0.80 percent at 126 rupees), and Namunukula Plantations (up 1.79 percent at 68.10 rupees).

LOLC Holdings (down 1.03 percent at 409.75 rupees), Hatton National Bank (down 0.61 percent at 409 rupees), Sunshine Holdings (down 3.81 percent at 30.30 rupees), and Sampath Bank (down 1.91 percent at 154 rupees) were top negative contributors.

Market turnover was 1.55 billion rupees. Capital goods led turnover with 459.57 million rupees. (Colombo/Nov13/2026)

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