An Echelon Media Company
Wednesday September 30th, 2026

Sri Lanka not in a position to “fully accept” UNHRC remarks: Keheliya

ECONOMYNEXT – The government is not in a position to fully accept the remarks made about Sri Lanka at the 45th sessions of the United Nations Human Rights Council (UNHRC) this week, co-cabinet spokesman Minister Keheliya Rambukwella said.

Since the end of civil war in 2009 the UNHRC has been making false allegations about war crimes, he said, trying to paint Sri Lanka as a barbaric state.

Referring to a comment made by UN Human Rights High Commissioner Michelle Bachelet about the appointment of senior army officials to key positions in the government, Rambukwella said that some army officers retire before the age 55, so if they had performed exceptionally when considering their background then there should be some fairness in giving them some position in the government following standard procedure.

Earlier this week the UN human rights chief raised concerns over the purported appointment of senior military officials accused of war crimes to key civilian positions as well as alleged attempts at the police and judiciary levels to thwart investigations into said crimes, which she said sets a “very negative trend”.

Acting Permanent Representative of Sri Lanka to the United Nations Dayani Mendis in her speech at the UNHRC’s 45th session on Tuesday (15) rejected the references made to what she called false and unsubstantiated allegations levelled against said military officials.

“Sri Lanka has consistently refuted the credibility of these allegations and wishes to highlight that the domestic processes such as the LLRC (Lessons Learnt and Reconciliation Commission) and Paranagama Commissions that examined these allegations particularly with regard to the last stages of the conflict have not found substantive evidence against any of the senior military officials referred to in this regard.

“In the absence of any substantive proof, Sri Lanka considers that the continued arbitrary accusations on crimes or crimes against humanity made against these senior military officials are unacceptable and a violation of the principles of natural justice,” she said.

Rambukwella speaking to reporters today said the UNHRC’s latest observations are a continuation of past comments on the country.

“If we surrender as a country we would have to accept everything that is said by the UNHRC as true,” he added.

He also dismissed the previous government’s interest in the conduct of the final phase of Sri Lanka’s civil war by the previous government was part of what he called the NGO agenda pushed in 2015.

“So we have to decide whether we are going to surrender ourselves to that agenda. The 30/1 resolution was brought in without the approval of the cabinet and it is that document that is still haunting us,” he said. (Colombo/Sep17/2020)

Sri Lanka Treasury bill yields rise across maturities, Rs80bn sold

ECONOMYNEXT – Sri Lanka’s Treasury bill yields rose across maturities at Wednesday’s auction, with all offered 80 billion rupees of bills sold, data from the Public Debt Management Office showed.

The 3-month bill was up 5 basis points at 9.25 percent, with 35 billion rupees offered and 41.87 billion rupees sold.

The 6-month bill was up 4 basis points at 9.41 percent, with 25 billion rupees offered and 28.9 billion rupees sold.

The 12-month bill was up 2 basis points 9.95 percent, with 20 billion rupees offered and 9.2 billion rupees sold.

All 3 bills are available on tap. (Colombo/Sep30/2026)

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Sri Lanka stocks close flat, turnover Rs1.55bn

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed flat on Wednesday, CSE data showed, with the benchmark All Share Price Index moving down a marginal 0.02 percent.

The ASPI was down 4.89 points at 20,812.93, while the more liquid S&P SL20 was up 0.27 percent, or 16.10 points, at 5,912.50.

Positive contributors to the ASPI were Lion Brewery (Ceylon) (up 3.25 percent at 1,858.75 rupees), LOLC Finance (up 3.92 percent at 5.30 rupees), Hemas Holdings (up 1.31 percent at 31.00 rupees), and SMB Finance (up 10.00 percent at 1.10 rupees).

Dialog Axiata (down 1.31 percent at 45.20 rupees), Commercial Bank of Ceylon (down 0.37 percent at 202.50 rupees), Carson Cumberbatch (down 1.37 percent at 720.00 rupees), and Bukit Darah (down 2.17 percent at 846.00 rupees) were top negative contributors.

Market turnover was 1.55 billion rupees. Capital goods led turnover with 557.27 million rupees. (Colombo/Sep30/2026)

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Sri Lanka govt fuel subsidy, surcharge on vehicles imports helped curb inflation: CB chief 

ECONOMYNEXT – Sri Lanka government’s fuel subsidy and surcharge on vehicle import tax helped to curb inflation, Central Bank Governor Nandalal Weerasinghe said.

President Anura Kumara Dissanayake’s government early this week approved Rs. 41 billion fuel subsidy for the next three months on top of Rs. 57 billion provided from April-June.

“If not for fuel subsidy and surcharge on vehicle imports, the inflation would have been higher than the current level,” Governor Weerasinghe told reporters at a media briefing in Colombo after the monetary policy announcement.

“There could have been higher imports and reserve building up would have been difficult.”

Inflation has risen beyond the Central Bank’s upper band of 7 percent since July.

The inflation hit a 37-month high of 8 percent in August after the government raised fuel prices more than 50 percent following the Middle Eastern escalation by end February.

The Central Bank’s inflation target for the past three years have been 5 percent with lower band of 3 percent and higher band of 7 percent.

The government provided Rs.57 billion for fuel subsidy mainly for diesel. The latest Rs.41 billion has been allocated only for diesel as it is used for public transport.

The government also imposed a temporary 50 percent surcharge on Customs Import Duty on new personal vehicles on May 16 and has  extended it until December 31, a move that will help to prevent outflow of foreign currency.

The Central Bank also tightened the monetary policy in May, raising the key monetary policy rate by 100 basis points, to curb excess demand in the economy to control demand-driven inflation. (Colombo/September 30/2026)

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Sri Lanka’s slowing private credit still sufficient for economic growth: CBSL

ECONOMYNEXT – Slowing private sector credit growth would still be sufficient to spur Sri Lanka’s economic growth, a top Central Bank official said.

Sri Lanka’s private sector credit growth has slowed to 24.5 percent year on year in August from a higher level of 30 percent a few months ago, after the Central Bank’s monetary policy tightening in May.

However, the Central Bank is optimistic about the current credit growth.

“The credit to the private sector from commercial banks has slowed, but we believe it is sufficient for economic growth,” L R C Pathberiya, the head of the Central Bank’s Economic Research Department told reporters in a media briefing.

The island nation’s economic growth slowed to 4.2 percent on year, its lowest in 11 quarters.

“The moderation is mainly due to the Middle Eastern issue,” Pathberiya said.

Sri Lanka has expected the economy to growth at 5 percent this year.it expanded 4.7 percent in the first half of this year. (Colombo/September 30/2026)

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Sri Lanka’s Sampath Bank, KOKO launch merchant credit facility

Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (2nd from left), exchanges the agreement with Michael Sathasivam, Regional CEO, KOKO (2nd from right), while Asanka Liyanage, Deputy General Manager – Consumer & SME Banking, Sampath Bank PLC (1st from left), and Dinuki Karunatilake, Head of KOKO (1st from right), look on.

ECONOMYNEXT – Sri Lanka’s Sampath Bank and KOKO have partnered to provide credit facilities for merchants on KOKO’s digital merchant platform, expanding access to business financing.

The KOKO Merchants Credit Facility creates a more convenient pathway to business financing for eligible merchants, Sampath Bank said.

“The initiative extends KOKO’s role beyond payments and customer financing by connecting merchants with Sampath Bank’s financing capabilities, helping them access funding to purchase and replenish inventory, manage working capital and cash flow, respond to seasonal demand and invest in business expansion.”

The facility is designed around a streamlined assessment process that can leverage relevant information from a merchant’s existing relationship and transaction activities with KOKO, helping reduce the time and effort involved in navigating traditional financing processes.

Credit facilities remain subject to Sampath Bank’s eligibility criteria, credit assessment, applicable terms and conditions, and final approval. (Colombo/Sep30/2026)

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Sri Lanka rupee at 330.68/75 to US dollar spot, bond yields steady to lower

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 330.68/75 to the US dollar in the spot market on Wednesday, from 330.70/90 the previous day, while bond yields were quoted steady to lower, dealers said.

An auction of 80,000 million rupees Treasury bills was ongoing.

A bond maturing on 01.08.2030 was quoted at 11.15/17 percent, from 11.25/35 percent.

A bond maturing on 15.10.2030 was quoted at 11.20/25 percent, from 11.30/40 percent.

A bond maturing on 01.02.2031 was quoted at 11.20/30 percent, from 11.35/45 percent.

A bond maturing on 15.12.2031 was quoted at 11.40/45 percent.

A bond maturing on 15.12.2032 was quoted at 11.70/75 percent, from 11.75/85 percent.

A bond maturing on 01.11.2033 was quoted at 11.88/95 percent.

The telegraphic transfer rate for the dollar was 326.30 buying, 335.50 selling; the euro was 367.4377 buying, 381.2185 selling; pound was 430.5084 buying, 444.6168 selling. (Colombo/Sep30/2026)

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