CEAT Kelani attains ISO 14064-1:2018 certification for GHG emissions reporting

CEAT Kelani Holdings has received the ISO 14064-1:2018 certification for the quantification and reporting of greenhouse gas (GHG) emissions and removals, marking a significant milestone in the company’s ongoing commitment to sustainable growth and responsible manufacturing.

The certification was issued following an independent third-party verification conducted by Control Union Inspections Ltd.

As the manufacturer of half of Sri Lanka’s pneumatic tyre requirements, CEAT Kelani’s achievement has significance for the country’s industrial landscape. The certification confirms the company’s adherence to internationally recognised standards for managing climate impact and aligns with Sri Lanka’s national Measurement, Reporting, and Verification (MRV) framework.

CEAT Kelani Chief Operating Officer Shamal Gunawardene said the certification was an endorsement of CEAT Kelani’s commitment to climate responsibility: ‘This achievement reflects the seriousness with which we integrate environmental stewardship into every aspect of our business,’ he said. ‘From renewable energy investments to sustainable sourcing and operational efficiency, we are taking decisive steps to reduce our carbon footprint in our entire supply chain and contribute meaningfully to Sri Lanka’s climate goals.’

Under ISO 14064-1:2018, CEAT Kelani has quantified and reported its emissions across Scope 1 (direct emissions), Scope 2 (indirect energy emissions), and relevant Scope 3 (value chain) categories, adopting the operational control approach. The validation and verification of the company’s GHG inventory

assessed the completeness, accuracy, transparency, consistency, and relevance of CEAT’s disclosures, and confirmed their compliance with the standard.

The certification is underpinned by CEAT Kelani’s broader sustainability initiatives, including the commissioning of a 2.4 MW solar power plant at its main Kelaniya manufacturing facility. This installation generates 59.61 GWh of electricity over its lifetime, offsets approximately 21% of the plant’s consumption from the national grid and significantly reduces emissions to the environment. Building on this progress, the company has committed to a further 1 MW solar rooftop project at its Kalutara factory.

In addition to its solar energy projects, CEAT Kelani has implemented company-wide energy efficiency measures, biomass use for boiler operations, and a structured tree planting programme that will add 1,000 trees in multiple locations. The company also ensures that all raw materials are sourced exclusively from suppliers vetted by CEAT Ltd., – India, which is committed to the Science Based Targets initiative (SBTi) goal of halving its carbon emissions by 2030 through sustainable sourcing and procurement practices.

To further institutionalise these efforts, CEAT Kelani has established a cross-functional Environmental, Social, and Governance (ESG) Council, led by the Chief Operating Officer and comprising representatives from all business functions and employee levels. The council plays a pivotal role in embedding sustainability into the company’s culture and decision-making processes, ensuring continuous improvement and alignment with global ESG standards. Implementation of energy improvement projects that optimise energy consumption per kilogram (kWh/kg) of production is now a key performance indicator (KPI), the company said.

Pavithra Fernando elected new SL Rugby President

Former Royal, CR and FC, and national player Pavithra Fernando was appointed as the President of Sri Lanka Rugby (SLR) at their Annual General Meeting (AGM) yesterday.

Former Antonian and CR and FC rugby player Shanitha Fernando was appointed as the Deputy President, while former Thurstan and Air Force rugby player Subash Jayathilake will be the Secretary of SLR.

Former Police skipper Chinthaka Perera took over the Vice President’s post.

Office bearers for 2025/2026:

President Pavithra Fernando; Deputy President Shanitha Fernando; Vice President Chinthaka Perera; General Secretary Subash Jayathilake; Treasurer Neomal Ekanayake; Female Representative Thilini Rangani, and Athlete Representative Stephan Gregory.

CDB crush defending champions Fairfirst Insurance in MCA Super Premier League

The lone batting effort by opening batter Sangeeth Cooray (62 off 52 balls, 2 sixes, 5 fours) and the splendid spell of leg spin bowling by Sanoj Dharshaka (4 overs, 19 runs, 4 wickets) gave Maliban Biscuits a fighting 14-run win over BBK Partnership, in the ongoing 32nd Singer-MCA Super Premier League T20 Tournament 2025, which continued yesterday at the MCA Grounds.

Earlier yesterday, CDB crushed defending champions Fairfirst Insurance by five wickets; Fairfirst Insurance, trapped on a turning wicket, crashed to a paltry 93 runs in 13.5 overs, having no answer to CDB bowlers Promod Madushan, Tharindu Ratnayake, and Navindu Prabath.

The tournament will continue tomorrow and Sunday, 12 October, with the three remaining matches in the League stage.

Chief scores:

CDB beat Fairfirst Insurance by 5 wickets.

Fairfirst Insurance 93 (13.5) (Kamil Mishara 15, Moditha Ranatunga 33, Sohan de Livera 18, Promod Madushan 2/16, Tharindu Ratnayake 3/23, Navindu Prabath 3/15)

CDB 93-5 (13) (Shevon Daniel 45, Avishka Fernando 20, Dilum Sudeera 2/28, Thanuka Dabare 2/19)

Maliban Biscuits beat BBK Partnership by 14 runs.

Maliban Biscuits 118 (19.4) (Sangeeth Cooray 62, Ranjith Kumar Newton 2/16, Tony Breig 2/16, K. Shayamasunder 3/19, V. Viyaskanth 2/19)

BBK Partnership 104 (18.2) (Santhush Gunatillake 21, V. Viyaskanth 34, Dushan Hemantha 2/15, Sanoj Dharshaka 4/19)

CA Sri Lanka’s 46th National Conference kicks off to spark global-local synergy

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday inaugurated its 46th National Conference of Chartered Accountants, a business summit focused on redefining the nation’s economic trajectory by harnessing global insight for local impact.

Held under the theme ‘UPRISE – Global Insight >> Local Impact’, the three-day conference, taking place from 8 to 10 October 2025 at the Monarch Imperial, was ceremonially inaugurated yesterday in the presence of global thought leaders, diplomats, corporate leaders, entrepreneurs, industry pioneers, and top-tier professionals.

The conference dubbed as the biggest annual business summit in the country was officially inaugurated by global business leader Minor International Group CEO and Minor Hotels CEO Dillip Rajakarier, in the presence of CA Sri Lanka President Heshana Kuruppu, Vice President Tishan Subasinghe, National Conference Committee Chairman Chamara Abeyrathne, Technical Committee Chairman Dr. Wasaba Jayasekera, and CEO Lakmali Priyangika.

In his opening address, Kuruppu said this year’s theme is a powerful, intentional call to action. ‘It demands that we, as a nation, rise above current challenges. We must look beyond our shores not to imitate, but to innovate, and to absorb global knowledge and translate it into local action that rebuilds, revitalises, and redefines Sri Lanka.’

‘This is where our profession’s most sacred duty resides’, Mr. Kuruppu explained, citing that Chartered Accountants are the guardians of public trust and the independent arbiters of truth in financial reporting. ‘The numbers we certify are not just ink on paper; they are the foundation upon which investors place their bets on our country’s future. When we sign an audit report, we are not just validating a balance sheet, we are underwriting a piece of Sri Lanka’s credibility,’ he said.

Kuruppu added: ‘Every time we uphold an ethical standard, every time we challenge a questionable practice, every time we insist on transparency, we are not just doing our job, we are fortifying the very pillars of our economy.’

Delivering his speech, Abeyrathne, highlighted the historic turnout emphasising that this year the conference had achieved the highest number of physical delegates in the conference’s history. ‘Over 2,100 of you are here in person, which is a powerful testament to the unwavering spirit of our community. To the more than 500 delegates joining us virtually from across the globe, a very warm welcome. Together, we are a gathering of over 2,600 strong, forming the largest and most vibrant assembly this conference has ever seen.’

Abeyrathne said that the National Conference, a flagship event of CA Sri Lanka, has for over four and a half decades, been a catalytic force in Sri Lanka›s professional landscape. ‘But tonight, we are not just continuing a legacy; we are making history.’

Dr. Jayasekera said: ”UPRISE – Global Insight >> Local Impact’ is more than a theme; it is a matter of national importance. At this critical juncture, with Sri Lanka facing immense challenges that demand courage, vision, and decisive action, Chartered Accountants firmly believe that an uprise is both possible and essential.’

‘This conference is built around that very need: to learn, to lead, and to transform. Chartered Accountants must lead this journey with integrity and expertise. Together, let us activate a national movement to build a resilient, thriving economy, to transform challenges into opportunities, and ensure Sri Lanka not only survives but thrives,’ Dr. Jayasekera added.

The conference features six dynamic sessions designed to inspire, challenge, and empower Sri Lanka’s business and professional communities.

Futurity partners IESL as AI Enablement Partner for Techno 2025

Futurity Ltd., Sri Lanka’s first AI-native research studio, has announced its strategic partnership with the Institution of Engineers, Sri Lanka (IESL) as the official AI Enablement Partner for Techno 2025.

The collaboration was formalised at a signing ceremony attended by senior representatives from both organisations, including IESL President Elect and Techno 2025 Chairman Eng. Kosala Kamburadeniya, and IESL CEO Eng. Neil Abeysekera, alongside Futurity’s leadership team.

As part of the agreement, Futurity will introduce a revolutionary AI-powered conversational assistant that is set to transform the way visitors experience Techno 2025. This cutting-edge application will allow visitors to navigate the exhibition seamlessly, access detailed information on exhibitors, and receive real-time guidance on event schedules and highlights. The assistant represents a fundamental shift in how exhibitions are organised and experienced, moving beyond static directories and brochures to deliver dynamic, intelligent, and interactive visitor support.

This collaboration underscores IESL’s commitment to positioning Techno 2025 as more than just an exhibition. But as a living demonstration of future-ready technology in action. By embedding AI into the visitor journey, the exhibition aims to set a new standard in engagement, efficiency, and knowledge-sharing within Sri Lanka’s innovation ecosystem.

Alongside Futurity, Invos Global Ltd., will serve as the official Technology Partner, bringing deep expertise in enterprise-scale technology deployment, while Cyaniq Ltd., joins as the Communications Partner, leveraging its strengths in strategy and storytelling to enhance outreach. Together, the three organisations are aligning their complementary strengths to deliver a holistic and future-facing experience for Techno 2025.

‘Techno 2025 is not only about showcasing engineering excellence but also about creating smarter, more connected experiences,’ said Futurity Co-Founder and Director Supun Kaluarachchi. ‘Through effortless intelligence, our AI assistant will ensure every visitor can unlock the full potential of the exhibition.’

‘This partnership reflects IESL’s vision to embrace innovation and highlight the transformative role of AI in shaping Sri Lanka’s future,’ said IESL President Elect and Techno 2025 Chairman Eng. Kosala Kamburadeniya. ‘By working with Futurity and its partners, we are setting a benchmark for what modern exhibitions can achieve.’

Futurity Head of Business Dimitri Abeyratne emphasised that the initiative will act as a proof point for how Sri Lanka can deploy advanced AI technologies in practical, public-facing contexts: ‘This is about taking AI out of research labs and boardrooms and placing it directly in the hands of people, giving them a smarter, more informed, and more enjoyable event experience.’

Techno 2025 is set to welcome thousands of professionals, innovators, students, and industry leaders. With the integration of AI, the event is poised to deliver not only an exhibition of products and ideas but also an immersive journey powered by intelligence and connectivity.

Human + AI the next frontier in cyber defence

The second session of the 11th Annual Daily FT-CICRA Cyber Security Summit explored the rapidly evolving relationship between human expertise and artificial intelligence in strengthening cyber defences. Delivering the keynote address on ‘The Human-AI Partnership: Augmenting Cyber Teams with Intelligent Automation,’, Sysco LABS Director of Cybersecurity and Sysco’s Business Information Security Officer (BISO) for APAC, Shanthi Rajesh outlined how intelligent automation can bridge the widening talent and response gaps in modern cybersecurity.

A new era of human-AI synergy

Rajesh opened by noting that the global AI cybersecurity market is projected to reach USD 134 billion by 2030, underscoring how organisations are moving from manual, reactive operations to AI-augmented ecosystems that respond to threats at machine speed. She emphasised that cyberattacks are now increasing by 13% annually, even as the global cybersecurity workforce gap expands to 3.4 million professionals. This imbalance, she explained, makes intelligent automation not optional but essential to sustaining business resilience.

‘AI doesn’t replace the human element. It enhances it,’ Rajesh remarked. ‘We need both the speed of machines and the intuition of people to stay ahead of evolving adversaries.’

She described humans as excelling in abstract thinking, creativity, empathy, and adaptability, while AI contributes speed, precision, pattern recognition, and scalability. The most effective cybersecurity strategy, she argued, lies in fusing these strengths into a cohesive, symbiotic defence framework.

Rajesh also detailed how AI is already transforming key security functions, from email filtering and threat hunting to endpoint protection and anomaly detection. Machine learning models now identify phishing emails, automate the hunt for hidden threats, and protect individual devices through continuous monitoring.

According to Sysco’s internal analytics, integrating AI in cyber operations has achieved up to 90% faster threat detection, 60% reduction in false positives, and 75% shorter response times. AI systems now analyse 3.1 billion monthly transactions to identify anomalies that human analysts might overlook, allowing cyber teams to focus on strategic decision-making rather than repetitive alert triage.

‘AI enables human analysts to work smarter, not harder. By automating low-value tasks and providing contextual intelligence, we empower our teams to focus on what truly matters, which is anticipating the next breach, rather than cleaning up after the last one,’ said Rajesh.

The double-edged sword of AI in cybersecurity

However, Rajesh cautioned that the rise of adversarial AI and data manipulation attacks presents a new layer of risk. Threat actors are now using automated bots, model poisoning, and prompt injection to manipulate AI systems themselves. ‘We must remember that AI can be weaponised,’ she warned. ‘As defenders adopt AI to strengthen their systems, attackers are doing the same to outsmart them.’

She called for stronger AI governance frameworks, referencing standards such as NIST AI RMF 1.0 and ISO/IEC 42001, which provide guidelines for risk management, bias reduction, and transparency. Ensuring human oversight in automated systems, she said, remains critical to preventing unintended consequences.

Rajesh also highlighted that 65% of AI users are Millennials or Gen Z, reflecting how younger, digital-native professionals are driving adoption across industries. Today, 72% of companies worldwide use AI in at least one business function, with 90% reporting significant efficiency gains. ‘This generational shift means AI is the present, not the future. The challenge now is ensuring that this adoption happens responsibly and inclusively,’ she noted.

In closing, Rajesh reminded participants that the future of cybersecurity is not robotic but relational. Quoting Google CEO Sundar Pichai, she said, ‘The future of AI is not about replacing humans, but about augmenting human capabilities.’ The next frontier, she concluded, will depend on organisations’ ability to build feedback loops where AI provides raw intelligence and humans apply strategic insight.

‘The best cybersecurity strategies still begin and end with people. It’s about people who can think critically, adapt quickly, and ask better questions than any algorithm ever could. That’s the future we must build together,’ concluded Rajesh.

The AI-human partnership

Delivering the guest address during the second session of the Daily FT-CICRA Cyber Security Summit 2025, Fortude General Manager – IT Infrastructure and Cyber Security, Prageeth Kapuruge explored how AI-driven automation is redefining the efficiency and scalability of modern cyber operations. Speaking on ‘The Human-AI Partnership: Augmenting Cyber Teams with Intelligent Automation,’ Kapuruge described how intelligent AI agents are emerging as the next evolution of cybersecurity operations, augmenting human decision-making with speed, accuracy, and continuous learning

Kapuruge began by asking a simple but critical question: ‘What’s your biggest challenge in cybersecurity operations today?’ The answer, he said, is the widening gap between detection and response. Traditional Security Operations Centres (SOCs) are overwhelmed by the volume of alerts, false positives, and data silos, slowing down incident triage and escalating operational fatigue.

Introducing Fortude’s Sentinel AI architecture, Kapuruge explained how AI agents can triage, investigate, and respond to incidents within seconds, far surpassing human capacity. These autonomous yet guided systems, powered by Retrieval-Augmented Generation (RAG), continuously learn from historical incidents and adapt to new attack patterns. ‘Our Sentinel AI doesn’t just analyse; it reasons,’ he said. ‘It never sleeps, never gets tired, and never misses a correlation.’

The power of unified AIOps

Kapuruge described Sentinel AI as a unified AIOps platform designed for both cybersecurity and Site Reliability Engineering (SRE). It integrates monitoring, detection, and automation into a single console with natural language interfaces, allowing analysts to interact conversationally rather than through complex dashboards. This simplification, he explained, eliminates silos between security and infrastructure teams while reducing mean time to detect (MTTD) and mean time to respond (MTTR).

Through examples drawn from simulated operations, Kapuruge demonstrated how Sentinel AI can instantly triage suspicious processes such as detecting an anomalous executable or flagging malicious code injection in a software repository, then autonomously cross-reference the event against threat intelligence databases, verify hashes, and trigger response workflows.

Despite the sophistication of AI, Kapuruge emphasised that automation should augment, not replace, human analysts. ‘AI agents can take over repetitive, time-critical work, freeing analysts to focus on strategic tasks like root-cause analysis, threat hunting, and policy design. The system’s design principle is human-in-the-loop oversight, ensuring transparency, accountability, and contextual awareness even as machine speed drives response,’ he said.

Kapuruge also noted that AI governance and explainability are central to Fortude’s deployment model. Each AI-driven decision is logged, auditable, and traceable, ensuring compliance and preventing model drift. ‘In cybersecurity, blind trust in automation is as dangerous as no automation at all,’ he cautioned.

Concluding his presentation, Kapuruge underscored that the future of cybersecurity lies in AI-augmented resilience, where humans and intelligent systems operate symbiotically to predict, prevent, and respond to threats. ‘We’re entering a new chapter where SecOps becomes cognitive where AI agents amplify the instincts of human defenders. It’s not man versus machine, but man with machine, protecting what matters most,’ said Kapuruge.

Human intelligence at the core of AI-led cyber defence

The panel discussion following the keynotes brought together Cargills Bank PLC Group Chief Information Officer Druvi Vaidyakularatne, Millennium IT Director – Managed Security Services Mushtaq Mukthar, and moderator Chamath Algawatta, Chief Information Security Officer at Nations Trust Bank PLC, for an in-depth exchange on how human expertise continues to anchor AI-driven cybersecurity transformation.

Chamath Algawatta noted that while AI has redefined the speed and scale of cyber response, ‘the true differentiator remains human judgment.’ He pointed out that as organisations embrace automation, leadership must ensure that ethical oversight, accountability, and contextual awareness remain firmly human-led. ‘You can automate detection,’ he said, ‘but context, consequence, and corrective action still demand people who understand the business.’

From a banking and financial sector perspective, Druvi Vaidyakularatne underscored the importance of collaboration and contextual intelligence. He explained that banks now face hybrid threats that combine AI-powered fraud, phishing, and social engineering. To counter these, banks are investing in predictive analytics, secure data lakes, and federated AI models that allow institutions to learn collectively without compromising customer privacy. ‘Cyber resilience is no longer built in isolation. It’s about shared vigilance and trusted ecosystems,’ he emphasised.

Mushtaq Mukthar brought a technology service provider’s view, stressing Sri Lanka’s potential to become a regional managed security hub. He outlined how AI-driven security operations and real-time telemetry from diverse industries could feed back into continuous learning loops. ‘Our goal is to build an ecosystem where every breach, every anomaly, teaches the network to defend better,’ he said.

Strategic partners of the 11th annual cyber-security summit were Visa and Sysco LABS, Platinum partner was South Asia Technologies, Community Impact Partner was Meta, Payment network partner was LankaPay. Other partners included platform partner #HashX, podcast partner Techtalk, hospitality partner Cinnamon Grand, Colombo, Creative partner Mullenlowe Sri Lanka and electronic media partner Yes101, TV1 and News1st.

LOVI celebrates Sri Lanka’s women cricketers

LOVI Ceylon, in collaboration with Events by Shero and Cinnamon Grand Colombo, hosted a heartfelt send-off dinner in honour of Sri Lanka’s national women’s cricket team ahead of their participation in the ICC Women’s World Cup.

The celebration was held at the Atrium of Cinnamon Grand Hotel, Colombo, on the eve of the tournament’s commencement across Sri Lanka and India.

The evening was marked by elegance, pride, and national spirit as players, coaches, and key stakeholders gathered to acknowledge the commitment and excellence of the women’s team. Attendees included representatives from Sri Lanka Cricket, LOVI Ceylon, and well-wishers from across the community.

As part of the celebration, LOVI Ceylon unveiled the ceremonial attire designed exclusively for the team’s international appearance. The custom designs are a continuation of the brand’s mission to define a contemporary Sri Lankan fashion identity and honour national pride through modern craftsmanship. The brand has previously styled the national squad for global platforms including the Olympics in Tokyo and Paris.

The send-off event opened with a welcome address by LOVI Ceylon Founder Asanka de Mel, followed by a traditional blessing and cultural performance to wish the athletes success. The ambiance of the Atrium was transformed into a tribute to the strength, determination, and grace of Sri Lanka’s finest women cricketers.

Asanka de Mel said: ‘Each of these athletes, their families and coaches have toiled for more than a decade or more to get to this level. They bring glory to Sri Lanka. We wanted to honour them, celebrate them, and wish them success. Our Women. Our World Cup.’

The event not only celebrated athletic excellence but also stood as a testament to the growing recognition of women’s sports in Sri Lanka. Through the collaboration, LOVI Ceylon underscored its commitment to amplifying national moments and representing Sri Lankan heritage on global stages.

‘I am grateful to Sri Lanka Cricket for this opportunity and the truly amazing event partners Ramani Fernando Salons, Dimitri Cruz Photography, Impress Events, Events by Shero and Cinnamon Grand Hotel for their support and magic,’ Asanka added.

The atmosphere of unity and pride echoed throughout the evening, reinforcing the collective aspiration of the nation behind the women representing Sri Lanka on the international stage.

As Sri Lanka prepares to co-host the prestigious ICC Women’s World Cup, this gesture by LOVI Ceylon and its partners sets a powerful tone of encouragement and national solidarity.

LOVI Ceylon, based in Colombo, is a contemporary Sri Lankan fashion brand founded by Asanka de Mel. Dedicated to defining a modern Sri Lankan identity through design, LOVI offers handcrafted garments using natural materials. Each creation is a celebration of cultural heritage, artistry, and innovation, made to empower individuals to wear their pride anywhere in the world.

Sanken awarded Rs. 3 b contract for Ratmalana Airport complex

Sanken Construction Ltd., has been awarded the contract worth Rs. 3 billion for an airfield facility at Ratmalana Airport.

The decision to this effect by the Cabinet of Ministers this week was disclosed by Cabinet Spokesman and Minister Dr. Nalinda Jayatissa yesterday.

He said the project, initially approved in September 2019, is intended to upgrade airport infrastructure and improve operational efficiency. Nine bids were received under the National Competitive Procurement Procedure, with Sanken selected as the lowest responsive bidder.

The contract, valued at Rs. 3.04 billion excluding Value Added Tax, was approved based on recommendations from both the Procurement Evaluation Committee and the High-Level Standing Procurement Committee.

Commercial Bank-AIA Bancassurance Achievers Awards 2025

The Commercial Bank-AIA Bancassurance Achievers Awards took place recently as a glamorous celebratory event, held at Cinnamon Life, City of Dreams.

This grand occasion recognised the exceptional accomplishments of Commercial Bank’s and AIA’s dynamic Partnership Distribution teams, whose unwavering dedication and performance throughout 2024 set new benchmarks in the bancassurance industry.

This landmark event celebrated a significant milestone, the first annual awards ceremony since the initiation of AIA’s exclusive bancassurance partnership with Commercial Bank in 2024. United by a shared purpose, ‘Protecting Sri Lankans Like Never Before,’ this strategic alliance has swiftly translated ambition into impact, delivering transformative outcomes for individuals and families across the nation.

The partnership was able to secure over Rs. 1.2 billion in Annualised New Premium (ANP) in less than one year of operations, and has continued to grow exponentially since, demonstrating unparalleled trust from customers.

The evening was a tribute to excellence, spotlighting the outstanding individuals and high-performing teams who played a role in accelerating bancassurance growth and elevating customer experience to unprecedented levels. Their achievements exemplify the spirit of innovation, collaboration, and customer-centricity that lies at the heart of this partnership.

Senior leadership from both AIA Sri Lanka and Commercial Bank graced the occasion, extending heartfelt congratulations to the award recipients. Their remarks highlighted the importance of synergy between institutions, the power of forward-thinking strategies, and the collective commitment to building a resilient and responsive bancassurance ecosystem.

Commercial Bank-AIA Bancassurance Achievers Award 2025 was a celebration of shared values, mutual growth, and a unified vision to empower Sri Lankans to live healthier, longer, better lives. As AIA continues to expand its bancassurance footprint across Sri Lanka, the company remains deeply committed to recognising and uplifting the individuals who drive its mission forward. With passion, purpose, and an unwavering focus on excellence, AIA and Commercial Bank are redefining the future of financial protection in Sri Lanka.

T-Bill yields hold largely steady at weekly auction

The weighted average rates at yesterday’s weekly Treasury Bill auction held largely steady, with the exception of the 91-day maturity, which registered a further drop of one basis point. The 182-day and 364-day tenors remained unchanged at 7.89% and 8.02%, respectively. This marks the 12th week where T-Bill rates have stayed broadly anchored around prevailing levels.

Nevertheless, the auction went undersubscribed. Only 57.10%, or Rs. 19.13 billion, out of the Rs. 33.50 billion targeted offered amount was raised. This was despite the bids received to the offered amount ratio standing at 1.59 times.

Phase II of subscription across all three tenors is now open until 3 p.m. of the business day prior to the settlement date (i.e., today) at the Weighted Average Yield Rates (WAYRs) determined for the said International Securities Identification Numbers (ISINs) at the auction.

The secondary Bond market yesterday saw activity at subdued levels for a second straight session. The market was at a virtual standstill apart from sparse trades seen on selected maturities. Yields were seen holding broadly steady and consolidating at the prevailing levels. Market participants were seen adopting a wait-and-see mode, amid the absence of strong directional cues, underscoring the broader tone of restraint that has characterised trading in recent sessions.

The 01.08.26 maturity was seen trading at the rate of 8.30%. The 15.09.29 and 15.10.29 maturities were seen trading at the rate of 9.73%, with the 15.12.29 maturity up the range of 9.72%-9.74%.

In the secondary Bills market, trades were observed on January, February, and March 2026 maturities at the rates of 7.57%, 7.95%-8.05%, and 8.00%.

In addition, the details of the next upcoming Treasury Bond auction, scheduled to be conducted on 13 October, were announced. The round of auctions will have a total offered amount of Rs. 181 billion across three available maturities.

The auction will be comprised of:

Rs. 95 billion from a 1 July 2030 maturity bearing a coupon rate of 09.75%.

Rs. 45 billion from a 1 November 2033 maturity bearing a coupon rate of 09.00%.

Rs. 41 billion from a 1 July 2037 maturity bearing a coupon rate of 10.75%.

The settlement for which will be held on 15 October.

The total secondary market Treasury Bond/Bill transacted volume for 7 October was Rs. 9.50 billion.

In money markets, the weighted average rates on overnight call money and repo stood at 7.87% and 7.89%, respectively.

The net liquidity surplus was recorded at Rs. 174.31 billion yesterday, deposited at the Central Bank’s Standard Deposit Facility Rate (SDFR) of 7.25%.

Forex market

In the Forex market, the USD/LKR rate on spot contracts closed depreciating slightly to Rs. 302.65/302.69 as against its previous day’s closing level of Rs. 302.52/302.59.

The total USD/LKR traded volume for 7 October was $ 106.55 million.