SenFin Research – News Updates – 10 July 2026

PPP-Act to be introduced in Q3
Sri Lanka is to introduce its Public Private Partnership Act in Q3 this year, having previously been slated to be introduced in the first quarter of the year, Board of Investments Sri Lanka Director General Sulakshana Jayawardena said at the Research Intelligence Unit (RIU) Infracon conference held recently (3).
Source: (the morning) https://www.themorning.lk/articles/BfjSMJdgrpXDf5XaOcAF

Energy: Global uncertainty remains high: multilaterals
Though the price of fuel and fertiliser prices dropped since the last time the International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group, and World Trade Organisation (WTO) met in June, uncertainty remains high, along with the long-running impacts of the war, a joint statement made by the heads of the organisations said.
Source: (the morning) https://www.themorning.lk/articles/0W6lw0w5gi09HIPd8ZKS

ADB forecasts Sri Lanka growth as 4% for 2026
The Asian Development Bank (ADB) has lowered its growth forecast for developing Asia and the Pacific economies to 4.9% for 2026 compared to 5.5% growth in 2025.
Source: (Daily News) https://dailynews.lk/2026/07/10/business/1024226/adb-forecasts-sri-lanka-growth-as-4-for-2026/

IMF warns fuel-importing economies risk inflation rebound
Sri Lanka’s economic recovery could face fresh challenges from rising oil and food prices as the International Monetary Fund (IMF) warned that energy-importing economies remain vulnerable to renewed inflation and external sector pressures stemming from the Middle East conflict.
Source: (Daily Mirror) https://www.dailymirror.lk/business/IMF-warns-fuel-importing-economies-risk-inflation-rebound/215-345232

Middle East crisis forces Sri Lanka to downgrade 2026 tourism targets
Sri Lanka has revised down its ambitious 2026 tourism targets, with Tourism Deputy Minister Prof. Ruwan Ranasinghe yesterday attributing the downgrade to the fallout from the Middle East conflict, which disrupted air connectivity and dampened visitor arrivals.
Source: (Daily FT) https://www.ft.lk/front-page/Middle-East-crisis-forces-Sri-Lanka-to-downgrade-2026-tourism-targets/44-794448
Private sector credit growth to halve end-’26
Though Sri Lanka’s private sector credit growth remained strong in April – posting a year-on-year growth of 27.0% – 2026 year-end growth is likely to be halved due to the tightened monetary policy, lowered lending activity, subdued demand and tighter domestic policy, First Capital Research projected in its latest fixed income report.
Source: (the morning) https://www.themorning.lk/articles/i2lFUduf3BJU4I7OrgJ5

Global oil prices rise sharply
Global oil prices rose sharply on Wednesday as renewed fighting in the Middle East and fresh United States sanctions on Iranian oil exports heightened concerns over global energy supplies and inflation.
Source: (Daily News) https://dailynews.lk/2026/07/10/business/1024265/global-oil-prices-rise-sharply/

Rupee hits Rs. 340 against USD
The Sri Lankan rupee weakened further against the US dollar yesterday, with the dollar’s selling rate crossing the Rs. 340 mark, according to the latest daily exchange rates released by the Central Bank.
Source: (Daily Mirror) https://www.dailymirror.lk/business/Rupee-hits-Rs-340-against-USD/215-345224

LCB Finance posts 55% growth in pre-tax profit
LCB Finance PLC delivered a year of strong financial performance and strategic expansion for the financial year ended March 31, 2026, recording a 55 percent increase in profit before tax to Rs.439 million while continuing to strengthen its position as one of Sri Lanka’s fast-growing finance companies.
Source: (Daily Mirror) https://www.dailymirror.lk/business/LCB-Finance-posts-55-growth-in-pre-tax-profit/215-345219

People’s Leasing & Finance records stellar performance in FY 2025/26
People’s Leasing & Finance PLC (PLC), Sri Lanka’s leading non-bank financial institution and flagship subsidiary of People’s Bank, has delivered one of its strongest financial performances to date for the financial year ended March 31, 2026, recording exceptional growth across profitability, assets, lending, deposits and shareholder value while further strengthening its position as one of the country’s most resilient and trusted financial institutions.
Source: (Daily Mirror) https://www.dailymirror.lk/business/Peoples-Leasing-Finance-records-stellar-performance-in-FY-202526/215-345220