An Echelon Media Company
Friday October 16th, 2026

Indian intelligence monitored software engineer linked to Easter bombers three years ago

A Sri Lankan software engineer suspected to have provided technical and logistical assistance to the Easter Sunday suicide bombers had been monitored by Indian intelligence agencies three years ago, Reuters reported today.

Four sources in Sri Lankan investigating agencies had told the news agency that Aadhil Ameez, a 24-year-old, was the link between two groups that carried out the attacks on churches and hotels on 21 April that killed more than 250 people and wounded hundreds more.

Aadhil has been arrested and is in police custody, Reuters quoted the sources as saying, adding that his arrest had yet to be made public. Police Spokesman SP Ruwan Gunasekera had later confirmed to the news agency that Aadhil was taken into custody on 25 April, four days after the attacks, but had declined to elaborate.

According to Aadhil’s LinkedIn profile, he was a senior engineer/programmer/web designer with a masters degree in computer science and a bachelors in political science from UK universities.

Reuters reported that the suspect has yet to be represented by a lawyer and, under the new emergency laws imposed after the attacks, he can be held indefinitely.

Aadhil’s father has denied any connection to the attack and said the “allegations are lies”.

The Indian investigators told Reuters they had been monitoring Aadhil since 2016 and named him in two charge sheets filed in Indian courts against suspected Islamic State operatives as being one of their contacts.

According to one of the charge sheets, reviewed by Reuters, he showed up in Facebook, WhatsApp and Telegram chats with two of the suspects who are on trial for plotting an attack on a synagogue in the western city of Ahmedabad.

The two suspects Ubed Ahmad Mirza, a lawyer, and Stimberwala Mohamed Kasim, a hospital technician, were accused of planning “lone-wolf” attacks, according to the charge sheet – allegations rejected by lawyers for both men.

Aadhil has also been named in another charge sheet filed in court by the National Investigation Agency (NIA) for providing propaganda and online material to three Indians arrested in early 2016 for promoting Islamic State.

According to Reuters, the three men, Sheikh Azhar ul-Islam, Adnan Hassan and Mohammed Rafiq Sadique Shaikh are on trial in a special Delhi court facing charges of criminal conspiracy to propagate the ideology of Islamic State, recruit, raise funds and facilitate the travel of people to Syria.

Sheikh Mohammad Munawar, a cousin of ul-Islam, told Reuters that the charges were fabricated and that he had no criminal record ever.

Reuters, according to its report, had been unable to determine when the Indians informed Sri Lankan authorities of the surveillance. The two officials had declined to say whether they continued to keep Aadhil under surveillance after they completed investigation of the cases in India.

Indian intelligence services warned Sri Lankan authorities of a possible attack at least three times in April alone, officials have said.

Last week, police raided IT firm Virtusa, where Aadhil had interned in 2013, according to his profile. One current employee has been detained for questioning in connection with the attacks, police say, but no other details have been provided.

He was the main technology person for them, one of the CID sources involved in the investigation had told Reuters. The source said Aadhil was helped in this by Abdul Latheef Mohamed Jameel, one of the eight suicide bombers who detonated his explosives at a guesthouse after failing to do so at the Taj Samudra hotel in Colombo.

Sri Lanka rupee at 331.15/25 to US dollar spot, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee was quoted flat at 331.15/25 to the US dollar in the spot market on Friday, while bond yields were steady, dealers said.

A bond maturing on 15.10.2028 was quoted flat at 10.60/70 percent.

A bond maturing on 15.06.2029 was quoted at 10.95/11.05 percent.

A bond maturing on 15.10.2030 was quoted at 11.41/45 percent, up from 11.40/45 percent.

A bond maturing on 01.12.2031 was quoted at 11.65/73 percent, up from 11.65/70 percent.

A bond maturing on 15.12.2032 was quoted at 11.75/90 percent, up from 11.75/85 percent.

A bond maturing on 15.01.2033 was quoted at 11.85/95 percent, up from 11.95/12.00 percent.

A bond maturing on 15.10.2034 was quoted flat at 12.20/30 percent.

The telegraphic transfer rate for the dollar was 326.70 buying, 335.70 selling; the euro was 363.6850 buying, 377.4658 selling; pound was 432.5942 buying, 446.7026 selling.

On the Colombo Stock Exchange the All Share Price Index was up 0.56 percent, or 111.97 points, at 20,083; while the S&P SL20 was up 0.63 percent, 35.68 points, at 5,734. (Colombo/Oct16/2026)

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Sri Lanka services expands at slower rate in September 2026: PMI

ECONOMYNEXT – Sri Lanka’s services sector expanded at a slower rate in September 2026, according to a Purchasing Managers Index compiled by the central bank, which registered an index value of 60.5, compared to 65.6 the previous month.

“Business Activity increased in September 2026, reflecting improvements across several sub-sectors, led by financial services, with notable contributions from education and professional services,” CBSL said.

New businesses increased in September 2026, registering 60.9 from August’s 60.0, due to the expansion in the financial services, with positive contributions from the insurance, education, professional, and other personal services sub-sectors.

Employment increased in September, “as firms across several sectors increased recruitment to meet operational needs and support business expansion”.

Backlogs of Work declined in the month, although at a slower rate compared to the previous month.

Broader global economic uncertainties continued to pose downside risks to the outlook, CBSL said. (Colombo/Oct15/2026)

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Sri Lanka manufacturing PMI steady at 53.0 in September, growth continues

ECONOMYNEXT – Sri Lanka’s manufacturing sector expanded at a steady rate in September 2026, registering a value of 53.0 on a Purchasing Managers Index compiled by the central bank, same as the previous month.

“This indicates that manufacturing activities continued to expand at a similar pace during the month,” CBSL said, noting the outlook remains positive, driven largely by optimism on year-end seasonal demand.

The New Orders sub-index expanded in the month, registering 51.0, attributed to positive developments in both the food and beverages and textiles and wearing apparel manufacturing sectors.

The Production sub-index also registered 51.0, for the same reason.

The Employment sub-index expanded at a slower pace, registering 52.6, from the previous 54.8.

The Stock of Purchases sub-index moderated towards the neutral threshold, “indicating broadly unchanged inventory levels during the month,” CBSL said.

Suppliers’ Delivery Times sub-index remained lengthened in September. (Colombo/Oct15/2026)

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Sri Lanka rupee closes at 331.15/25 to US dollar spot, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed flat at 331.15/25 to the US dollar in the spot market on Thursday, while bond yields closed steady, dealers said.

A bond maturing on 01.08.2030 closed flat at 11.35/40 percent.

A bond maturing on 15.10.2030 closed at 11.40/45 percent, up from 11.37/43 percent.

A bond maturing on 01.02.2031 closed flat at 11.45/50 percent.

A bond maturing on 15.12.2032 closed flat at 11.75/85 percent.

A bond maturing on 15.10.2034 closed at 12.20/30 percent, up from 12.12/20 percent. (Colombo/Oct15/2026)

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Sri Lanka’s Sampath Bank to raise Rs10bn in debenture sale

ECONOMYNEXT – Sri Lanka’s Sampath Bank plans to raise 10 billion rupees through the issuance of Basel III-compliant debentures, it said in a market filing.

Up to 100 million listed, rated, unsecured, subordinated, redeemable 5-year (2026/ 2031) and 7-year (2026/ 2033) instruments will be offered at 100 rupees each.

The proposed instruments will carry a non-viability conversion feature, the company said.

Initially 70 million debentures will be issued, and another 30 million in the event of an oversubscription of the initial issue.

Fitch rates Sri Lanka Sampath Bank’s Rs10bn debenture issue A(lka)

The issue has received CSE approval.

The subscriptions list opens on October 20. (Colombo/Oct15/2026)

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Sri Lanka sells extra Rs7.2bn Treasury bills after auction

ECONOMYNEXT – Sri Lanka has sold 7,206 million rupees of treasury bills offered on tap at average rates of 9.30 percent, 9.44 percent and 9.95 percent, the public debt management office said, bringing the total of bills sold in the week to 73.332 billion rupees.

Total market subscription was 7,206 million rupees.

The debt office sold a 3-month bill at 9.30 percent.

The debt office sold a 6-month bill at 9.44 percent.

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

On Wednesday (14) the debt office raised 66.12 billion rupees of 3, 6 and 12 month bills after offering 90 billion.

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Sri Lanka Treasury bill yields rise on shorter term, less bills sold

The settlement date is October 16. (Colombo/Oct15/2026)

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