SenFin Research – News Updates – 10 April 2026

IMF Country Management appreciates Rs. 100 Bn relief package from President
The Head of the International Monetary Fund’s (IMF) Country Management Board for Sri Lanka, Evan Papageorgiou, stated that he appreciates the Rs. 100 billion relief package provided by President Anura Kumara Dissanayake to the needy groups in the country affected by the war situation in the Middle East.
Source: (Daily News) https://dailynews.lk/2026/04/10/business/980562/imf-country-management-appreciates-rs-100-bn-relief-package-from-president/

IMF reaches Staff-Level Agreement Sri Lanka’s 5th, 6th reviews of EFF
The International Monetary Fund and Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the combined fifth and sixth reviews of Sri Lanka’s reform program supported by the global lender’s Extended Fund Facility (EFF), the IMF said in a statement.
Source: (economynext) https://economynext.com/imf-reaches-staff-level-agreement-sri-lankas-5th-6th-reviews-of-eff/-266859/

IMF watching NDB fraud situation carefully, Mission Chief says
The International Monetary Fund said they are maintaining a close watch of the National Development Bank fraud of 13.2 billion rupees.
Source: (economynext) https://economynext.com/imf-watching-ndb-fraud-situation-carefully-mission-chief-says/-266891/

Price of gold increases to record high
The price of gold has increased to a record high yesterday (April 9) due to the increase in the global market.
Source: (Daily News) https://dailynews.lk/2026/04/10/business/980565/price-of-gold-increases-to-record-high/

Oil prices drop sharply amid U.S. -Iran ceasefire agreement
Global oil prices plunged yesterday, falling below the $100 per barrel mark, after the U.S. President announced a two-week ceasefire agreement , easing immediate concerns over supply disruptions in the critical .
Source: (Daily News) https://dailynews.lk/2026/04/10/business/980554/oil-prices-drop-sharply-amid-u-s-iran-ceasefire-agreement/

Middle East conflict further hampers early April arrivals
Sri Lanka’s tourism sector has seen a sharp slowdown in early April as escalating conflict in the Middle East disrupted global air travel, although overall arrivals for the year remain marginally positive.
Source: (Daily FT) https://www.ft.lk/front-page/Middle-East-conflict-further-hampers-early-April-arrivals/44-790707

$ 900 m in four months: Port City Colombo signals new investment era
This is no longer a speculative vision; it is the emerging economic reality of Port City Colombo. CHEC Port City Colombo Deputy Managing Director Thulci Aluwihare has said Sri Lanka may finally be on the cusp of unlocking a new category of foreign investment—one that is fundamentally different from anything the country has seen before.
Source: (Daily FT) https://www.ft.lk/front-page/900-m-in-four-months-Port-City-Colombo-signals-new-investment-era/44-790713
Hormuz blocked again after Israel strikes Lebanon
Oil tanker traffic through the Strait of Hormuz was halted yesterday amid Israeli strikes on Lebanon, according to Iran’s Fars News Agency, raising fresh concerns over global energy flows.
Source: (Daily FT) https://www.ft.lk/front-page/Hormuz-blocked-again-after-Israel-strikes-Lebanon/44-790643

Fertiliser shortages threaten plantation sector output, PA warns
The Planters’ Association of Ceylon (PA), the apex body of Sri Lanka’s plantation industry, yesterday expressed growing concern over rising prices and limited availability of fertiliser amid the escalation of the crisis in the Middle East.
Source: (Daily FT) https://www.ft.lk/front-page/Fertiliser-shortages-threaten-plantation-sector-output-PA-warns/44-790708

Sri Lanka sells Rs82.09bn in 2030, 2034 and 2037 bonds
Sri Lanka has sold 82.09 billion rupees in 2030, 2034 and 2037 bonds, after offering 100 billion, data from the public debt management office showed.
Source: (economynext) https://economynext.com/sri-lanka-sells-rs82-09bn-in-2030-2034-and-2037-bonds/-266874/

Sri Lanka rupee weaker, bond yields up
Sri Lanka’s rupee closed at 315.55/65 to the US dollar in the spot market Thursday weaker from 315.30/40 the previous day, dealers said, while bond yields closed higher.
Source: (economynext) https://economynext.com/sri-lanka-rupee-weaker-bond-yields-up/-266895/

Sri Lanka stocks close down amidst global uncertainty
The Colombo Stock Exchange closed down on Thursday, CSE data showed.
Source: (economynext) https://economynext.com/sri-lanka-stocks-close-down-amidst-global-uncertainty/-266887/

JXG IPO oversubscribed showcasing strong investor confidence
JXG, the well-established financial conglomerate comprising Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC, successfully concluded its Initial Public Offering (IPO), which opened for subscription on 9th April 2026.
Source: (Daily News) https://dailynews.lk/2026/04/10/business/980525/jxg-ipo-oversubscribed-showcasing-strong-investor-confidence/

NDB’s Rs.13.2bn fraud shock What the crisis revealed about controls, buffers, and banking resilience
The chronology explains the confidence shock. On 2 April 2026, NDB disclosed an internal fraud incident with an initial impact estimate of about Rs.380 million and warned that the final figure could be higher. On 6 April 2026, after further review, the bank disclosed a fraud exposure of about Rs.13.2 billion. That was roughly 35 times the initial estimate in four days.
Source: (Daily Mirror) https://www.dailymirror.lk/business/NDBs-Rs-13-2bn-fraud-shock-What-the-crisis-revealed-about-controls-buffers-and-banking-resilience/215-337672