Business
CBSL raises Rs. 120 billion at the T-Bill auction
Average yield rates decline across the board for third consecutive week
Market participants in the secondary market exhibited mixed sentiment, pivoting from the dull sentiment on Tuesday, observing thin trading volumes and limited market activity, according to First Capital Research.
The secondary market yield curve edged down slightly by 5bps across 3M, 6M and 1Yr maturities, following the weekly T-Bill auction results. The Central Bank of Sri Lanka (CBSL) conducted its weekly T-Bill auction on Tuesday, successfully raising LKR 120.0 Bn, with the total offered amount being fully accepted across all maturities, the research organisation said.
The 1Yr bill attracted the most interest, while weighted average yield rates declined across the board for the third consecutive week. The 03M bill closed at 8.62% (04bps), the 06M bill at 8.77% (-04bps), and the 1Yr bill at 8.96% (-06bps).
Amongst the traded maturities, 15.09.27 traded at a range of 9.85% to 9.80% whilst 15.02.28 and 15.03.28 traded in the range of 10.15% to 10.10% and both the maturities 01.05.28 and 01.07.28 traded between 10.05% to 10.03%.
Meanwhile, on the external front, the LKR depreciated against the USD, closing at LKR 295.61/USD compared to LKR 293.17/USD recorded the previous day.
Similarly, the LKR depreciated against other major currencies such as the GBP, EUR, AUD, CNY, and JPY.
CBSL holdings of government securities remained unchanged, closing at LKR 2,515.62Bn on Tuesday.
Overnight liquidity in the banking system contracted to LKR 159.37Bn from LKR 197.51Bn recorded the previous day.
On Tuesday, the stock market experienced a day of volatility, driven by mixed sentiment among investors. The index opened in negative territory but recovered after the first hour of trading, supported by increased activity in the Banking sector and prominent blue-chip stocks, First Capital Research said.
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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