Press "Enter" to skip to content

The Sri Lankan Report

Sri Lanka sells Rs39.40bn in 2030, 2033 bonds

ECONOMYNEXT – Sri Lanka has sold 39.40 billion rupees in 2030 and 2033 bonds, of an offered 42 billion, data from the state debt office showed. 17.40 billion rupees of 01 March 2030 (LKB00530C017) bonds were sold at an average yield of 9.53 percent. 22 billion rupees of 01 June 2033 (LKB02033F013) bonds were sold at an average yield of 10.39 percent. The 2033 bond is available on tap. The date of settlement is December 1. (Colombo/Nov27/2025)

Read the full article →

Parliament postpones Budget debates due to disaster situation

It has been decided not to hold the Committee Stage budget debates in Parliament tomorrow and the day after, taking into account the prevailing disaster situation in Sri Lanka.  This decision was made during the Party Leaders’ meeting held in Parliament this afternoon (27). Accordingly, Parliament is scheduled to reconvene on Monday, and it has been decided that sittings will continue into the night on both Monday and Tuesday. On those two days, the scheduled debates will be held from 9.00 am to 6.00 pm, while the debates that were to be held tomorrow and the day after will instead…

Read the full article →

India’s Ahmedabad officially declared as host city for 2030 Commonwealth Games

Commonwealth Games (CWG) will return to India after two decades as Ahmedabad has been officially declared as the host city for the 2030 edition of the multi-nation quadrennial event. Delhi last hosted the CWG in India in 2010. Ahmedabad was recommended as the proposed host of what will be the centenary edition of the event by the Commonwealth Sport’s Executive Board last month. The general assembly of the board formally approved the city as host on Wednesday. The Gujarat city faced tough competition from Nigeria’s Abuja which has now been rewarded the hosting rights for the 2030 edition of the…

Read the full article →

President approves Rs. 1 Mn compensation per fatality

President Anura Kumara Dissanayake has instructed that Rs. 1 million be paid from the Presidential Fund to the next of kin of each individual who has died due to the current emergency disaster situation caused by heavy rainfall, flooding and landslides. The directive follows the recent adverse weather conditions affecting several parts of the country, which has killed over 30 individuals. The Presidential Fund is now arranging for the swift disbursement of the compensation to the families of the deceased, the President’s Media Unit said. (Newswire) The post President approves Rs. 1 Mn compensation per fatality appeared first on Newswire.

Read the full article →

Sri Lanka stocks close down dragged by financial shares

ECONOMYNEXT – Diversified financial shares and other selected shares from capital goods sector dragged down the Colombo Stock Exchange (CSE) indices on Thursday, data on its site showed. Indices slipped throughout the session leading the market to trade in negative territory. The broader All Share Price Index (ASPI) dipped 0.80 percent, or 182.14 points to close at 22,662.09. Meanwhile, the more liquid S&P SL20 index closed 0.68 percent, or 42.85 points lower, at 6,268.45. Top negative contributors to the ASPI were Sampath Bank (down 1.50 rupees at 146.00), Richard Pieris & Company (down 1.20 rupees at 38.10 rupees), Commercial Bank…

Read the full article →

Cyclonic Storm ‘Ditwah’ : Update from Indian Met Department

Screenshot The India Meteorological Department (IMD) has issued a pre-cyclone watch, for the coasts of north Tamil Nadu including Chennai , Puducherry, and south Andhra Pradesh as a cyclonic storm brews in the Bay of Bengal. The weather system, designated Cyclonic Storm ‘Ditwah’ (pronounced Ditwah), intensified from a deep depression over the southwest Bay of Bengal and adjoining Sri Lanka coast. As of 11:30 am on Thursday, the storm was located near latitude 6.9°N and longitude 81.9°E, placing it close to the east of Pottuvil, Sri Lanka. According to the IMD bulletin, Cyclone Ditwah is very likely to continue moving…

Read the full article →

Sri Lanka-Japan business environment panel meet; discuss issues faced by investors

ECONOMYNEXT – The Japan-Sri Lanka Committee on Business Environment discussed the issues faced by investors when they met this week, the Japanese Embassy in Colombo said. The second Japan-Sri Lanka Committee on Business Environment was convened on Thursday (27) at the Board of Investment (BOI) of Sri Lanka Representatives from the Embassy of Japan, the Japan External Trade Organization (JETRO), the Japan International Cooperation Agency (JICA), the Japanese Chamber of Commerce and Industry (JCCI), relevant Japanese companies operating in Sri Lanka, as well as officials from the BOI and other pertinent Sri Lankan authorities, participated in the meeting. “The two…

Read the full article →

Several National Parks closed due to heavy rain

The Department of Wildlife Conservation has announced that certain National Parks have been closed to tourists due to the prevalent inclement weather conditions in Sri Lanka. According to the department, visits to certain national parks have currently been suspended due to the prevailing rainy weather conditions. The Wildlife Department further said that the Wawulabe and Mahaweli tourist bungalows in the Wasgamuwa National Park have been closed as they are submerged in water. The department added that both the Ohiya and Pattipola access routes to the Horton Plains National Park have been obstructed by the rain. (Newswire) The post Several National…

Read the full article →

Risk of political flare-ups to linger in 2026 for some Asia-Pacific sovereigns: Fitch

Fitch Ratings – Fitch Ratings believes political flare-ups will remain a credit risk for some APAC emerging market sovereigns in 2026, following significant political unrest this year in Indonesia, the Maldives, Mongolia, Nepal and the Philippines. The effect of major social unrest on near-term economic activity is usually negative as the instability tends to hurt consumer and business confidence, and external balances can be affected if inflows of tourists, remittances or investment are hit, or if capital outflows increase. Such effects can be modest if stability returns swiftly and confidence is restored, but sustained political tensions can be a significant…

Read the full article →