ECONOMYNEXT – Sri Lanka’s rupee closed at 331.60/770 to the US dollar in the spot market on Monday, weaker from 331.25/35 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 11.10/25 percent, up from 11.05/15 percent.

A bond maturing on 01.08.2030 closed at 11.50/60 percent, up from 11.40/50 percent.

A bond maturing on 15.10.2030 closed at 11.65/75 percent, up from 11.50/55 percent.

A bond maturing on 01.02.2031 closed at 11.75/80 percent, up from 11.55/65 percent.

A bond maturing on 15.12.2032 closed at 11.90/12.10 percent, up from 11.80/90 percent.

A bond maturing on 15.01.2033 closed at 12.25/30 percent, up from 11.95/12.05 percent.

A bond maturing on 15.06.2034 closed at 12.40/50 percent, up from 12.20/25 percent. (Colombo/Oct19/2026)

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Monday, CSE data showed, with the benchmark All Share Price Index falling 0.62 percent.

The ASPI was down 125.63 points at 20,059.42, while the more liquid S&P SL20 was down 0.51 percent, or 29.36 points, at 5,709.47.

Raynal Wickremeratne, Head of Research and Strategy at NDB Securities, noted that market turnover remained low, with local sentiment reflecting the recent volatility and declines across regional Asian markets.

Positive contributors to the ASPI were Watawala Plantations (up 2.43 percent at 46.40 rupees), Richard Pieris and Company (up 1.54 percent at 26.40 rupees), Ceylon Cold Stores (up 0.62 percent at 122.00 rupees), and Commercial Bank of Ceylon (up 0.13 percent at 198.25 rupees).

Dialog Axiata (down 2.27 percent at 43.00 rupees), Overseas Realty (Ceylon) (down 2.00 percent at 49.00 rupees), John Keells Holdings (down 1.67 percent at 17.70 rupees), Hemas Holdings (down 1.29 percent at 30.50 rupees), and Hatton National Bank (down 0.79 percent at 375.00 rupees) were top negative contributors.

Market turnover was 680.32 million rupees. The banking sector led turnover with 188.71 million rupees, followed by capital goods with 177.78 million rupees.

Crossings were recorded in Seylan Bank for 98 million rupees and John Keells Holdings for 26 million rupees. (Colombo/Oct19/2026)

ECONOMYNEXT  – The Sri Lanka Ports Authority (SLPA) will seek a private partner through competitive bidding to build a new logistics hub at the Port of Colombo, after scrapping an earlier 280 million US dollar joint venture with China Merchants Port Holdings and Access Engineering PLC.

The earlier project was formed in 2023 under South Asia Commercial and Logistics Hub (SACLH), with China Merchants holding a 70 percent stake, while the SLPA and Access Engineering held 15 percent each.

The consortium planned to build a 150,000-square-metre modern logistics complex.

However, following a review of external circumstances, commercial considerations, and shareholder interests, the parties decided to discontinue the venture.

As part of the exit arrangement, approximately 29.8 million US dollars in equity contributions will be refunded to the three shareholders in proportion to their stakes.

The port authority emphasized that walking away from the joint venture does not mean it is abandoning logistics infrastructure.

“The decision not to proceed with the earlier joint venture does not represent a departure from its commitment to logistics infrastructure development. Rather, it provides an opportunity to pursue an alternative development model,” the SLPA said.

The authority will now launch an open competitive bidding process to set up the facility under a Public–Private Partnership (PPP) model, subject to relevant approvals.

The project will utilize a large land area inside the port to host integrated, value-added logistics services, bring in private investment, and earn long-term revenue.

Officials said the hub will help transform Colombo from purely a container transshipment terminal into a full maritime center, serving shipping lines, cargo owners, and logistics operators.

“The SLPA remains firmly committed to positioning the Port of Colombo as a leading maritime, transshipment and logistics hub in South Asia, while ensuring that future port development initiatives are commercially viable,” the SLPA said.  (Colombo/Oct19/2026)

ECONOMYNEXT – Sri Lanka’s Inland Revenue Department (IRD) has urged close to 1.2 million registered individual taxpayers to file their 2025/2026 income tax returns online before the November 30 deadline, warning of penalties and legal action for non-compliance.

Officials said that all registered individuals must submit their annual returns.

This includes individuals who do not have taxable income, as well as those whose taxes have already been deducted at source through Pay-As-You-Earn (PAYE), Advance Personal Income Tax (APIT), or withholding tax on bank interest.

Failure to submit returns empowers the Commissioner General to impose financial penalties, issue estimated assessments or initiate legal proceedings against defaulters.

“Even if withholding tax has been deducted from your salary, or even if withholding tax has been deducted from your interest, we expect all of you to submit the return relevant to the 2025/2026 Year of Assessment by November 30,” Inland Revenue Deputy Commissioner General J M S S Rathnawardana said.

Rathnawardana said that while the online submission portal has been open since July 1, taxpayers should file well in advance rather than waiting for the final deadline.

To complete the filing, taxpayers must log into the IRD’s RAMIS system via ird.gov.lk using a password or one-time password (OTP) sent to their registered email or postal address.

Taxpayers needing to update their email can send a written request and a copy of their National Identity Card to ci@ird.gov.lk.

The department has provided an auto-filled, simplified return for individuals whose earnings come solely from employment and interest.

Taxpayers with business income are required to complete the standard return.

“What we earnestly request from everyone—since a large volume of returns is expected to be submitted in the coming month—is not to wait until the very last moment. We have technical constraints, and we can only facilitate submissions within those system capacities,” Inland Revenue Commissioner Nandana Kumara said.

Once submitted, taxpayers will immediately receive an official electronic acknowledgment as proof of filing. The department has also set up advisory desks at its head office and regional branches, alongside call centre support on 1944, to assist filers. (Colombo/Oct19/2026)

ECONOMYNEXT – Sri Lanka’s Public Debt Management Office (PDMO) has held a pre-bid meeting with designated agents ahead of the planned issuance of a new Domestic Dollar Bond (DDB) 2026, a US dollar-denominated debt instrument aimed at diversifying government funding sources and deepening the local government securities market.

The PDMO, under the Ministry of Finance, said the DDB 2026 will be offered in the domestic market through 15 designated agents comprising primary dealers and licensed commercial banks.

A pre-bid meeting was held on October 16, with all 15 designated agents and the paying agent participating, the ministry said.

According to the PDMO, the meeting was held to provide clarification on the operational and regulatory aspects of the upcoming bond issuance.

Officials from the Central Bank of Sri Lanka’s Foreign Exchange Department, as well as the Fiscal Policy Department and Treasury Operations Department of the General Treasury, were present.

The government said the bond issue forms part of broader efforts to diversify its financing base while supporting the development of the domestic market for government securities. (Colombo/Oct19/2026)

ECONOMYNEXT – Dialog Axiata PLC has reduced its controlling stake in Doc990 operator Digital Health (Private) Limited, meaning the digital platform will cease to be a subsidiary and will become an associate company, a stock exchange filing showed.

Under the ownership reorganisation, Dialog’s wholly owned unit, Digital Holdings Lanka (Private) Limited, sold a 16.65 percent stake (3,747,132 shares) to Sunshine Healthcare Lanka Limited for 312.17 million rupees.

Digital Holdings also sold a 3.35 percent stake (752,868 shares) to Nawaloka Hospitals PLC for 62.72 million rupees, after Nawaloka exercised its right of first refusal under the shareholders’ agreement.

“The transaction enables the Company to partially monetise its investment in Digital Health while introducing Sunshine Health as a strategic healthcare partner,” Dialog Axiata Director and Group Chief Executive Supun Weerasinghe said in a regulatory filing.

Separately, Ceylon Hospitals PLC (Durdans Hospital) sold its entire 5.26 percent holding of 1,184,211 shares to Sunshine Health through tag-along rights.

Following the transactions, Sunshine Healthcare, a subsidiary of Sunshine Holdings PLC, entered the company with a 21.92 percent stake.

The share sales reduced Dialog Group’s combined stake from 64.66 percent to 44.66 percent, held through Digital Holdings and the Dialog Axiata Digital Innovation Fund.

Consequently, Digital Health will cease to be a subsidiary of Dialog and will be accounted for as an associate in its consolidated financial statements under Sri Lanka Accounting Standards.

“The transaction is expected to support the continued growth of the Doc990 platform by combining its digital healthcare capabilities with Sunshine Health’s presence across the pharmaceutical, healthcare distribution, manufacturing and retail sectors,” Weerasinghe said.

Among the remaining shareholders, Nawaloka Hospitals increased its shareholding to 12.12 percent, while Asiri Hospital Holdings PLC retains 13.33 percent and Aartiz Technologies (Private) Limited holds 7.98 percent. (Colombo/Oct19/2026)