Business
1-year T-bill falls below 13% mark after 19-months
Sri Lanka rupee appreciates against US dollar
Throughout the week that concluded yesterday, subdued sentiment was dominant as investors remained on the sidelines due to uncertainties surrounding the upcoming budget and the IMF’s second review, a report issued by First Capital Research pointed out.
“Hence, the secondary market yields remained broadly stable. However, weighted average yields at the weekly T-Bill auction trimmed down across the board, whilst 1 year T-Bill dropped below 13.00% mark since April 2022,” they said.
“The secondary market displayed a dull performance during the week as investor interest was seen to be toned down while activities were limited. As the week progressed, selling interest emerged on the short to mid-end of the curve. Amongst the traded maturities, 2025 and 2026 tenors hovered in the range of 14.90%-14.95% and 15.10%-15.20%, respectively. On the mid to long tenors, mixed activity was evident on 15.07.29 and 15.05.30 maturities between 14.40%-14.30%.
The report further said:
The Central bank of Sri Lanka (CBSL ) conducted its weekly T-Bill auction, expecting to raise LKR 165.0Bn, but however, the auction was slightly undersubscribed despite 03M and 06M gaining an over subscription while 1Yr bill only enticed an acceptance of LKR 2.4Bn out of the total offered LKR 30.0Bn.
Moreover, weighted average yield rates pared-down on a moderate level with 03M maturity closing at 15.64% (-29bps) and 06M closing at 14.81% (-12bps). However, 1Yr bill declined marginally by only 3bps to and 12.99%.
CBSL also has announced a T-Bond auction worth LKR 250.0Bn which is scheduled to take place on 13th Nov-23. Accordingly, LKR 60.0Bn is to be raised from 15.01.2027 maturity while LKR 110.0Bn and LKR 80.0Bn is expected to be raised from 15.03.2028 and 15.03.2031 maturities, respectively. In the Forex market, LKR appreciated against the USD with rupee being recorded at LKR 327.1 compared to LKR 328.0 recorded during the beginning of the week.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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