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Wednesday October 14th, 2026

Wind farm ‘predator’ effect hits ecosystems: study

Paris, France | AFP | Wind farms act as a top "predator" in some ecosystems, harming birds at the top of the food chain and triggering a knock-on effect overlooked by green energy advocates, scientists said Monday.

Wind is the fastest-growing renewable energy sector, supplying around four percent of global electricity demand.

Close to 17 million hectares — an area roughly the size of Tunisia — is currently used for generating wind energy worldwide, and researchers warned that developers had "greatly underestimated" the impact the technology has on wildlife.

In new research, an international team of scientists studied the effects of wind turbine use in the Western Ghats, a UNESCO-listed range of mountains and forest spanning India’s west coast region and a global "hotspot" of biodiversity.

They found that predatory raptor birds were four times rarer in areas of plateau where wind turbines were present, a disruption that cascaded down the food chain and radically altered the density and behaviour of the birds’ prey.

In particular, the team observed an explosion in the raptors’ favourite meal, fan-throated lizards, in areas dominated by the turbines.

Furthermore, they saw significant changes in lizard behaviour and appearance, living as they were in an essentially predator-free environment.

"What was remarkable to us were the subtle changes in behaviour, morphology, and physiology of those lizards," Maria Thaker, assistant professor at the Indian Institute of Science’s Centre for Ecological Sciences and lead study author, told AFP.

As the levels of raptors fell around the turbines, so too did the rate of predatory attacks the lizards had to deal with.

As a result, the team found that lizards living in and around wind farms had lessened their vigilance against possible danger.

Simulating "predator attacks", humans in the study could get up to five times closer to a lizard in the wind farm zones than one living away from the turbines before the creatures fled.

– ‘Be smart with green energy’ –

After testing, the lizards near windmills were found to have lower levels of a stress hormone, something that must have emerged in the two decades since wind farms were built in the Western Ghats.

Wind farms are known to be harmful to birds, disrupting their migration patterns and causing above average death rates.

Thaker said her research, published in the journal Nature Ecology & Evolution, showed that wind farms replicated the role of the top predator in the food chain by keeping the raptors at bay.

"They trigger changes to the balance of animals in an ecosystem as if they were top predators," she said.

"They are the ‘predators’ of raptors — not in the sense of killing them, but by reducing the presence of raptors in those areas."

As man-made carbon emissions continue to rise, Thaker said wind energy was vital in mitigating the effects of climate change.

But with evidence that the impact of wind farms reaches further into Earth’s ecosystems than previously thought, she called for greater consideration of the environmental impact of the vital green energy source.

"It took decades for scientists to realise that wind-turbines were negatively affecting animals that fly," Thaker said.

"We need to be smart about how we deploy green energy solutions. Let’s reduce our footprint on the planet and put turbines in places that are already disturbed in some way — on buildings for example."

Global borrowing costs rise as bond yields increase: Fitch

Fitch Ratings-London: The recent sharp and widespread increase in government bond yields represents a significant increase in real global borrowing costs.

Bond yields have risen to multi-decade highs in the US, Germany, UK and Japan in recent weeks, as highlighted in Fitch Ratings’ latest Economic Monitor chart pack.

Ten-year government bond yields have risen in major global markets since the previous Fitch-20 Economic Monitor in June. US yields averaged 4.99% in September, up from 4.47% in June; 3.50% from 3.00% in Germany;
5.46% from 5.06% in the UK; and 2.99% from 2.65% in Japan. In Korea there also was a marked increase, with yields averaging 4.45% from 4.18% in June.

The chart pack highlights another notable development: the pick-up in world trade growth, driven by an IT investment boom that has boosted capital goods imports in the US. Trade growth has surged in several countries, including Mexico, Korea, Canada and Indonesia.

The quarterly ‘Fitch-20 Economic Monitor’ (formerly ‘20/20 Vision’) chart pack covers the 20 major economies (the Fitch-20) that are the focus of Fitch’s Economics team’s global macro analysis, and plots five years of high-frequency economic data for 20 variables, with consistent coverage across each country.

‘Fitch-20 Economic Monitor: September 2026’ is available by clicking the link above or at www.fitchratings.com.

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Sri Lanka to get $100mn ADB loan to strengthen skills training

ECONOMYNEXT – Sri Lanka’s cabinet has approved obtaining a 100 million dollar results-based loan from the Asian Development Bank (ADB) to implement a Skills Development System Transformation Programme aimed at strengthening the country’s technical and vocational education and training (TVET) sector.

“The financing package comprises 50 million dollars in regular ordinary capital resources and 50 million dollars in concessional ordinary capital resources,” minister Nalinda Jayatissa said.

The funds are intended to support sector reforms and the development of a more effective skills development system aligned with labour market needs, he claimed. (Colombo/Oct14/2026)

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

Fitch Ratings – Singapore: Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’.

The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to supplement its Tier 2 capital base to maintain capital adequacy compliance as well as to support loan book growth.

The proposed debentures will qualify as Basel III-compliant regulatory Tier 2 capital. The debentures include a non-viability clause that states they will convert to ordinary voting shares upon the occurrence of a trigger event, as determined by the Governing Board of the Central Bank of Sri Lanka.

The final rating is the same as the expected rating assigned on 10 September 2026 and follows the receipt of documents conforming to information already received.

Key Rating Drivers

Fitch rates the proposed Basel III Tier 2 debentures two notches below the bank’s National Long-Term Rating of ‘AA-(lka)’. This reflects Fitch’s baseline notching for loss severity for this type of debt and our expectations of poor recoveries. There is no additional notching for non-performance risks, as the proposed debentures do not incorporate going-concern loss-absorption features.

Sampath’s National Long-Term Rating is used as the anchor rating for this instrument because the rating reflects the bank’s standalone financial strength and best indicates the risk of the bank becoming non-viable.

Fitch affirmed Sampath’s ratings on 17 August 2026. See our latest rating action commentary, Fitch Affirms Sampath Bank at ‘AA-(lka)’; Outlook Stable , for the key rating drivers and sensitivities.

Rating Sensitivities

Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade
A downgrade of the bank’s National Long-Term Rating will lead to a downgrade of the subordinated debt rating.

Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade
An upgrade of the bank’s National Long-Term Rating will lead to an upgrade of the subordinated debt rating.

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Oman’s OQ Trading wins Sri Lanka LPG deal at Aramco price plus $133.93

ECONOMYNEXT – Sri Lanka’s cabinet has approved the proposal to award the contract for the supply of 420,000 metric tonnes (±20%) of Liquefied Petroleum Gas (LPG) to Oman’s OQ Trading Limited for a period of 12 months commencing 1 January 2027, minister Nalinda Jayatissa said.

The contract provides for the supply of 420,000 metric tonnes (±20%) of LPG, including a guaranteed minimum quantity of 336,000 metric tonnes, at a price of Saudi Aramco Contract Price plus US$133.93 per metric tonne on a Cost, Insurance and Freight (CIF) basis, Jayatissa said.

International competitive bids were invited for the procurement, and 4 bids were received.

“The contract was awarded to M/s OQ Trading Limited, the lowest substantially responsive bidder,” he told reporters. (Colombo/Oce14/2026)

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Sri Lanka stocks continue to slide, ASPI drops 0.14-pct

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange were trending down on Wednesday, nearing the psychological 20,000 mark, CSE data showed, with the benchmark All Share Price Index moving down 0.14 percent.

The ASPI was down 27.26 points at 20,050.22, while the more liquid S&P SL20 was down 0.02 percent, or 0.96 points, at 5,729.14.

Positive contributors to the ASPI were LOLC Holdings (up 3.08 percent at 418.00 rupees), Vallibel One (up 2.21 percent at 87.90 rupees), Asiri Hospital Holdings (up 4.98 percent at 25.30 rupees), Ambeon Holdings (up 3.45 percent at 33.00 rupees), and Haycarb (up 1.55 percent at 197.00 rupees).

Commercial Bank of Ceylon (down 0.25 percent at 198.00 rupees), SMB Finance (flat at 1.00 rupee), Hayleys (down 0.23 percent at 221.50 rupees), and Odel (down 7.41 percent at 10.00 rupees) were top negative contributors.

Market turnover was 318.20 million rupees. Retailing led turnover with 100.89 million rupees. (Colombo/Oct14/2026)

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Sri Lanka seeks to ease forex regulatory hurdles for electronics exporters

ECONOMYNEXT – Sri Lanka’s central bank and export board have met electronics exporters to discuss easing forex regulatory hurdles for the sector as the country targets 1 billion dollars in exports by 2028.

“To achieve this target, it is essential that Foreign Exchange Rules, regulations, Monitory and Fiscal Policies are export friendly,” the Export Development Board said.

Over 35 senior management representatives from the Electronic and Electrical sector participated in the seminar.

“The progarmme aimed to support the country’s Electronics and Electrical Sector by leveraging the expertise available within the Central Bank of Sri Lanka to share knowledge and to resolve issues in the areas of Foreign Exchange Rules, Inward and Outward Transactional Regulations, and Forex Repatriation Regulations.”

The industry, with over 100 companies and 37,000 employees, is the fifth largest merchandise export revenue earner of the country and earned 440 million dollars in 2025, the EDB said.

Central bank officials advised them on foreign exchange rules, transactional and working capital regulations, and forex repatriation regulations relevant to them.

“The event provided a platform for Electronics and Electrical Sector and Central Bank of Sri Lanka to connect, share knowledge, and discuss the Regulatory and Operational Issues Faced by Electronic and Electrical Manufacturing Companies and how to resolve them.” (Colombo/Oct14/2026)

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