ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange stayed green in mid-day trading, with the benchmark All Share Price Index trending up 0.46 percent, CSE data showed.

The ASPI was up 94.06 points at 20,738.32.

The S&P SL20 was up 0.27 percent, or 16.02 points at 5,863.04.

Market turnover was 426 million rupees.

Top positive contributors to the ASPI were Commercial Bank (up 75 cents at 201.75 rupees), Ambeon Holdings (up 3 rupees at 35.30), and LOLC Finance ( up 30 cents at 5.30 rupees).

Renuka Agri Foods PLC said 6,117,161 ordinary voting shares of the company were listed from October 6, following a scrip dividend in the proportion of 1 : 130.58824265. The stock was up 50 cents at 11.40 rupees.

Maharaja Foods said 730,468 ordinary voting shares of the company were listed on October 6, following a scrip dividend in the proportion of 1 : 188.2354873861. The stock was up 20 cents at 14.70 rupees.

Ceylon Land & Equity said 4,553,230 ordinary voting shares of the company were listed on October 6, following a scrip dividend in the proportion of 1 : 202.32562400. The stock was flat at 7.60 rupees.

Hatton Plantations announced a first interim dividend of 1 rupee a share for the financial year ending 31st March 2027. (Colombo/Oct6/2026)

ECONOMYNEXT – Private fuel operators in Sri Lanka — specifically Lanka IOC, Sinopec, and RM Parks — are restricting supply to the domestic market because they are incurring losses under the government’s regulated pricing structure, the minister of energy has said after fuel queues re-appeared in Colombo.

“All those companies are stating that they cannot sell at the prevailing market price in Sri Lanka. However, we do not have the ability to increase prices proportionately to that. In light of this, they have restricted the fuel released to the market,” Anura Karunatilaka told parliament.

He said, compared to February, that Lanka IOC company has reduced the market release of auto diesel by 45 percent, Euro super diesel by 88 percent, and petrol Octane 92 by 3 percent.

Sinopec has reduced diesel by 66 percent, and similarly Octane 92 by 30 percent.

Consequently, an additional burden has fallen upon the state owned Ceylon Petroleum Corporation (CPC), he said, which has increased its supplying to the market from 54 percent to 82 percent.

Compared to February, market releases of diesel have been increased by 28 percent, super diesel by 44 percent, Octane 95 by 7 percent, and Octane 92 by 19 percent.

“Under these existing agreements, we have no power whatsoever to issue orders directing fuel stations to distribute fuel in a specific manner,” Karunatilaka said in response to opposition questioning.

“What we are able to do is issue certain directives to maintain minimum fuel stock levels within Sri Lanka.”

“Last week, we issued relevant notices to companies that had failed to do so — specifically to X company.
However, we know an issue has now arisen in the market. Yesterday, the Ministry Secretary notified the companies to act in a manner that avoids creating shortages in the market.

“A key reason for the situation over the past two days is, as I mentioned before, that they have imposed restrictions. Furthermore, on Sundays, fuel is generally not released to the market. Along with that, there was a certain impact on Monday as well.”

Karunatilaka claimed that the private companies do not supply fuel on credit, but the Ceylon Petroleum Corporation does, factoring in a three-day advance window.

“Therefore, because this additional load is being absorbed by the Ceylon Petroleum Corporation, we believe and anticipate, Honourable Speaker, that this issue will ease to some extent by Wednesday or Thursday.” (Colombo/Oct6/2026)

ECONOMYNEXT – Sri Lanka’s condominium sales decreased by 6.7 percent during the second quarter of 2026, from a year ago, according to a condominium market survey conducted by the central bank.

“The Condominium Property Sales Volume Index,² which covers the Colombo District and other major cities, recorded a year-on-year decrease of 6.7 per cent,” the central bank said.

Its real estate market analysis noted that during 2026 Q2, the Price Index for New Condominiums within the Colombo District recorded a year-on-year increase of 3.2 per cent.

Colombo District recorded the highest proportion of condominium sales in the period, comprising 78 per cent of the total transactions.

Transactions in the under 25 million rupees range fell, while most transactions were seen in the 25-50 million rupees price range.

Transactions in the 50-70 million rupees range and the above 75 million rupee range increased slightly, CBSL said.

“Most units in completed projects had already been sold, whereas 55 per cent of units in ongoing projects were reserved.”

The Asking Price Indices for the Colombo District showed a year-on-year increase in the prices of lands, houses, and condominiums, the central bank said.

“The Asking Price Indices for lands, houses, and condominiums in the Colombo District recorded year-on-year increases of 15.2 per cent, 9.0 per cent, and 12.6 per cent, respectively.”

The majority of condominiums were bought by Sri Lankan residents, with a slight increase compared to the previous quarter, and the previous year.

Purchases by dual citizens and foreigners decreased slightly. (Colombo/Oct6/2026)

ECONOMYNEXT – Sri Lanka’s Sanasa Life has appointed Liyanage Susantha Rohana De Silva as the company’s chief executive officer with effect from October 8.

De Silva has over 30 years of experience across Sri Lanka’s insurance sector, according to a market filing.

A brief bio of De Silva, as provided by the company, is reproduced below:

Susantha De Silva is an insurance professional with over 30 years of extensive experience in Sri Lanka’s insurance sector.

Beginning his career in sales, he has progressively rose through the ranks to executive leadership, demonstrating a proven track record of driving business growth, operational excellence, and sales strategy.

Starting as a Sales Representative at Ceylinco General Insurance Ltd, then as a Regional Manager at Eagle Insurance Mr.

Susantha De Silva advanced into key management roles across leading insurance companies, including Zonal Manager at Union Assurance PLC, Assistant General Manager (Zonal Operation) at Janashakthi Insurance PLC, Assistant General Manager (National Sales) at Allianz Life Insurance Lanka Ltd, and General Manager – Sales & Marketing at Coop Life Insurance Co. Ltd.

Prior to his appointment, he served as a Consultant at Janashakthi Life.

Mr. Susantha holds a Master of Business Administration (MBA) in Marketing Management from Irish International University (UK), a CMI Level 7 Extended Diploma in Professional Consulting from CIPM (UK), an Advanced Diploma in Teaching Training and Assessment from City & Guilds, and a Diploma in Marketing from the Society of Sales and Marketing (UK). (Colombo/Oct/)

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 330.65/75 to the US dollar in the spot market on Tuesday, weaker from 330.60/70 the previous day, while bond yields edged up slightly, dealers said.

A bond maturing on 01.08.2030 was quoted at 11.20/30 percent, up from 11.12/20 percent.

A bond maturing on 15.10.2030 was quoted at 11.35/40 percent, up from 11.20/25 percent.

A bond maturing on 01.02.2031 was quoted at 11.30/40 percent, up from 11.25/30 percent.

A bond maturing on 15.12.2032 was quoted at 11.70/80 percent, up from 11.67/75 percent.

A bond maturing on 15.10.2034 was quoted at 12.00/10 percent, up from 11.95/12.05 percent.

The telegraphic transfer rate for the dollar was 326.20 buying, 335.20 selling; the euro was 363.3063 buying, 377.0871 selling; pound was 430.0785 buying, 444.1869 selling.

On the Colombo Stock Exchange the All Share Price Index was up 0.25 percent, or 51.01 points, at 20,695; while the S&P SL20 was up 0.30 percent, 16.45 points, at 5,864. (Colombo/Oct6/2026)

ECONOMYNEXT – Sri Lanka’s rupee closed at 330.60/70 to the US dollar in the spot market on Monday, weaker from 330.55/65 the previous day, while bond yields closed broadly steady, dealers said.

A bond maturing on 01.08.2030 closed at 11.12/20 percent, down from 11.15/20 percent.

A bond maturing on 15.10.2030 closed flat at 11.20/25 percent.

A bond maturing on 01.02.2031 closed flat at 11.25/30 percent.

A bond maturing on 15.12.2032 closed flat at 11.67/75 percent.

A bond maturing on 15.10.2034 closed at 11.95/12.05 percent, down from 11.99/12.05 percent. (Colombo/Oct5/2026)