Former IGP Pujith Jayasundara and former Defence Secretary Hemasiri Fernando were sentenced to death by the Colombo Permanent High Court Trial-at-Bar for failing to prevent the 21 April 2019 Easter Sunday attacks. The three-judge bench found them guilty of criminal dereliction of duty and aiding and abetting murder in attacks that killed 260 people.
Colombo Port handled 4,444,034 TEUs in 1H 2026, an 11.9% increase from 3,972,053 TEUs in 1H 2025; transshipment accounted for 84.7% of throughput and CICT handled 1,642,647 TEUs (37%). Vessel calls rose 2.5% to 2,066, with notable growth in break-bulk and value-added service calls.
Colombo Dockyard returned to quarterly profitability for the three months to 30 June 2026, posting PAT of Rs. 80.2m and profit attributable of Rs. 86.3m (EPS 22¢) versus a Rs. 813.4m loss a year earlier. The turnaround was driven by stronger ship repair revenue, improved cost efficiencies and a 63.8% decline in net finance expenses.
Opposition MP Dayasiri Jayasekara has petitioned CIABOC to probe the Cabinet's decision to extend judges' retirement age, alleging the proposed constitutional amendment amounts to bribery and corruption and requesting a preliminary inquiry and a halt to the amendment. He cites provisions of the Anti-Corruption Act and asks CIABOC to examine Cabinet papers, question ministers and relevant officials, and refer offences for prosecution if found.
CHEC Port City Colombo is pitching its 2.7 sq km SEZ to attract Indian investors, allowing Indian firms to register as offshore companies and transact in Indian rupees; the plan includes four dedicated hospitality plots, a two-km beach and a 90-hectare lagoon.
Colombo CCPI inflation rose to 7.3% in July, breaching the Central Bank's upper target limit and reaching a three-year high. Non-food inflation accelerated to 7.8% and core inflation was 4.4%; the Central Bank had raised policy rates by 100bps in May as a response to administered price adjustments.
Harischandra Mills PLC reported 1QFY27 PAT of Rs.91.8 million, up 147% YoY. Revenue rose 31% to Rs.1.9 billion and gross margin expanded to 18%, driven by easing raw material costs, volume growth and operational efficiencies led by the Food segment.
Consumer Staples (FMCG)
EconomyNext·Aug 1, 2026·Regulatory or legalNegative
Sri Lanka's state petroleum corporation (CPC) kept domestic fuel prices unchanged for the month and is absorbing diesel losses of about Rs63-70 per litre as global diesel prices have risen ~158.9% vs pre-war while local diesel is up ~135.9%. CPC blamed the Russia-Ukraine war, refinery outages and higher Red Sea shipping costs; petrol has risen ~141% since February.
Seylan Bank reported a June-quarter profit of Rs3.21bn, up 16.3% y/y, with EPS of Rs5.06 and H1 profit of Rs6.02bn. Total operating income rose 14% to Rs13.29bn while impairment charges increased to Rs632.4m; total capital ratio was 15.56% and Tier-1 10.91%.
The Ministry of Digital Economy and GovTech held a national workshop on 31 July to review and build stakeholder consensus on a strategic roadmap to boost Sri Lanka's digital export earnings to US$5 billion by 2030. The roadmap, developed with KPMG and World Bank support, will be refined with industry feedback and include priority actions and timelines.
FCCISL congratulated the Export Development Board after Sri Lanka's combined merchandise and services exports reached $9,012.24 million in Jan-Jun 2026, an 8% year-on-year increase. FCCISL praised EDB chair Mangala Wijesinghe's leadership and called for continued public-private cooperation to sustain export growth and foreign-exchange earnings.
Registrations are open for the Sri Lanka Economic and Investment Summit 2026, to be held on 12-13 Oct at the Shangri-La Colombo. The Ceylon Chamber says the two-day forum will bring government, business and investors together to discuss economic policy, reform, investment and ways to expand exports.
The Colombo market ended the week in red: ASPI fell 0.2% for the week and closed yesterday at 21,129.21 (‑0.09%), while the S&P SL20 was down 0.04% for the week. Market turnover was over Rs.4.3bn; main negative contributors were HNB, CFIN, DFCC, HAYL and LOLC, and foreign investors were net buyers of Rs.955.2m.
Nearly 3,000 Sri Lankan youth selected for Israeli construction jobs under the G2G recruitment programme will hold a peaceful protest on 6 Aug 2026 at the Parliament Roundabout to urge the President to address prolonged delays, lack of transparency and alleged unfair treatment by the SLBFE; candidates say many have waited over a year without employment agreements while private agencies appear to receive more job contracts.
Union Bank of Colombo reported PBT of LKR 881 Mn in 1H 2026 (up 84% YoY) and PAT of LKR 587 Mn (up 134% YoY). Group PBT was LKR 997 Mn, total assets rose 15% to LKR 199,283 Mn, and income included LKR 249 Mn from sale of shares in subsidiary UB Finance.
Headline inflation in Colombo rose to 7.3% year-on-year in July 2026, up from 6.8% in June, driven by a jump in food inflation to 6.3% (from 3.6%). Non-food inflation moderated to 7.8% from 8.4%.
Oil prices fell as Brent dropped $1.44 to $87.59/bbl and WTI fell $1.59 to $82, though both are set for about a 20% monthly rise, as increased flows through the Strait of Hormuz and other chokepoints offset Middle East tensions.
Fuel & Energy Prices
Ada Derana·Jul 31, 2026·Earnings & results·DOCKPositive
Colombo Dockyard (DOCK) returned to quarterly profitability for the three months ended 30 June 2026, reporting profit after tax of Rs. 80.2 million and profit attributable to owners of Rs. 86.3 million (EPS Rs. 0.22) versus a Rs. 813.4 million loss a year earlier. The turnaround was driven by stronger ship repair revenue, improved cost efficiencies and a 63.8% decline in net finance expenses.
Binance will begin offering USDT-settled European-style commodity options on physical gold and silver through its ADGM-regulated Nest Exchange Limited. Retail users may only buy (long) options while eligible institutional users and liquidity providers can write options; the product includes KYC/market surveillance and other compliance controls.
Rush Lanka's Rush Metropolis in Dehiwala received Board of Investment (BOI) approval on 23 July. The project is a 125-unit highrise with amenities including a swimming pool, gym, kids' play area and rooftop gathering space, and the company says BOI status adds regulatory credibility.
Sri Lanka recorded a nominal budget surplus of Rs. 9.5 billion in the first half of 2026, reversing a Rs. 405.6 billion deficit a year earlier. Revenue rose 27% to Rs. 2,956.0 billion while total spending increased 8% and interest payments fell 2%, enabling a 24% rise in capital spending.
Gateway College has acquired the 3.2-acre Regent Country Club site in Malabe from Prime Lands to develop a new state‑of‑the‑art international school; the property already includes a banquet hall, offices, pool and other facilities and will expand Gateway's school network.
Sri Lanka's rupee strengthened to 335.65/80 per US dollar in the spot market from 336.00/10 the previous day, dealers said. Government bond yields edged lower, with the 15.10.2030 bond around 11.55-11.60% and the 01.07.2037 bond about 12.75-12.80%.