SenFin Research – News Updates – 2 June 2026

Sri Lanka calls for public proposals to boost tax revenue to 20-pct of GDP
Sri Lanka’s Ministry of Finance, Planning and Economic Development has called for long-term revenue increasing proposals to be submitted before June 12.
Source: (economynext) https://economynext.com/sri-lanka-calls-for-public-proposals-to-boost-tax-revenue-to-20-pct-of-gdp-273898/

Sri Lanka government’s fuel subsidy allocation to end by June: CPC chief
Sri Lanka’s fuel subsidy allocation of Rs. 57 billion will end by June, which was the reason for raising oil prices over the weekend, Ceylon Petroleum Corporation (CPC) Chairman D J A S De S Rajakaruna said.
Source: (economynext) https://economynext.com/sri-lanka-governments-fuel-subsidy-allocation-to-end-by-june-cpc-chief-274058/

Sri Lanka to tighten fuel quotas as CPC May import bill hits $524mn
Sri Lanka plans to strictly tighten the enforcement of its fuel QR quota system as foreign exchange expenditure on CPC fuel imports soared to a staggering 524 million US dollars in May, energy minister Anura Karunathilaka said.
Source: (economynext) https://economynext.com/sri-lanka-to-tighten-fuel-quotas-as-cpc-may-import-bill-hits-524mn-273934/

Late May surge highlights arrival recovery as Sri Lanka crosses 1mn tourist mark
A powerful late-month surge in tourist arrivals during May propelled Sri Lanka’s cumulative visitor count pass the one-million mark for the year, achieving this feat within the first 28 days of the month.
Source: (Daily Mirror) https://www.dailymirror.lk/business-news/Late-May-surge-highlights-arrival-recovery-as-Sri-Lanka-crosses-1mn-tourist-mark/273-341728

EDB moves to expand islandwide testing and certification facilities
The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector.
Source: (Daily News) https://dailynews.lk/2026/06/02/business/1003890/edb-moves-to-expand-islandwide-testing-and-certification-facilities/

Stability, reliability and transparency non-negotiable to unlock European investments
Sri Lanka must establish absolute policy predictability and regulatory transparency to successfully unlock large-scale European capital for its maritime infrastructure pipeline.
Source: (Daily Mirror) https://www.dailymirror.lk/business-main/Stability-reliability-and-transparency-non-negotiable-to-unlock-European-investments/245-341729

CSE with EU-funded Green Recovery Facility drives SL’s GSS+ bond market
Sri Lanka’s sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union (EU)-funded Green Recovery Facility, implemented by Expertise France, to advance the country’s growing pipeline of green, social, sustainable and sustainability-linked (GSS+) bonds through a series of targeted market-building programmes earlier last month.
Source: (Daily Mirror) https://www.dailymirror.lk/business-news/CSE-with-EU-funded-Green-Recovery-Facility-drives-SLs-GSS-bond-market/273-341721

Sri Lanka rupee 331.50/332.00 to US dollar spot 1 week, bond yields up
Sri Lanka’s rupee closed at 331.50/332.00 to the US dollar in the 1 week spot on Monday, from 331.00/332.00 Friday, dealers said, while bond yields closed up.
Source: (economynext) https://economynext.com/sri-lanka-rupee-331-50-332-00-to-us-dollar-spot-1-week-bond-yields-up-274039/

Sri Lanka sells extra Rs24bn Treasury bonds after auction
Sri Lanka has sold 24,000 million rupees of bonds offered on tap at average rates set at an auction this week, bringing the total of bonds sold in the week to 264 billion, data from the Public Debt Management Office showed.
Source: (economynext) https://economynext.com/sri-lanka-sells-extra-rs24bn-treasury-bonds-after-auction-273925/

Sri Lanka stocks close down, capital goods lead turnover
Sri Lanka’s Colombo Stock Exchange closed down on Monday, CSE data showed, with the benchmark All Share Price Index moving down 0.24 percent.
Source: (economynext) https://economynext.com/sri-lanka-stocks-close-down-capital-goods-lead-turnover-274011/

Sri Lanka’s Hayleys to sell Maldivian subsidiary for $17.25mn
Sri Lanka’s Hayleys, a diversified conglomerate, has entered into an agreement to sell Luxury Resort (Pvt) Ltd, a subsidiary located in the Maldives, to Bohemia Luxury Resort for 17.25 million dollars.
Source: (economynext) https://economynext.com/sri-lankas-hayleys-to-sell-maldivian-subsidiary-for-17-25mn-273968/

CIC Holdings delivers over 24% net profit growth in FY26 amid sectoral resilience
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded steady revenue growth during the year ended 31 March 2026 (FY26), navigating weather-related disruptions and sectoral cost pressures.
Source: (Daily News) https://dailynews.lk/2026/06/02/business/1003909/cic-holdings-delivers-over-24-net-profit-growth-in-fy26-amid-sectoral-resilience/

First Capital records Rs. 2.10 Bn PAT and core earnings of Rs. 6.59 Bn
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s capital markets landscape, delivered a steady performance during FY2025/26, recording a Profit after Tax of Rs. 2.10Bn for the year ended 31 March 2026.
Source: (Daily News) https://dailynews.lk/2026/06/02/business/1003915/first-capital-records-rs-2-10-bn-pat-and-core-earnings-of-rs-6-59-bn/

LOLC Finance reinforces market leadership with strong growth, earnings quality and capital resilience
LOLC Finance PLC, the flagship finance company of the LOLC Group delivered a strong financial performance for the year ended 31 March 2026, supported by robust lending growth, stronger recurring income, improved asset quality and a capital position that remained comfortably above regulatory requirements.
Source: (Daily Mirror) https://www.dailymirror.lk/business-news/LOLC-Finance-reinforces-market-leadership-with-strong-growth-earnings-quality-and-capital-resilience/273-341713

Sunshine Holdings delivers 11.2% topline growth in FY26
Diversified Sri Lankan conglomerate Sunshine Holdings PLC recorded consolidated revenue of Rs. 65.9 billion for the year ended 31 March 2026 (FY26), reflecting an 11.2 percent year-on-year (YoY) increase.
Source: (Daily Mirror) https://www.dailymirror.lk/business-news/Sunshine-Holdings-delivers-11-2-topline-growth-in-FY26/273-341714

Hayleys surpasses half-trillion revenue milestone in FY 2025/26
The Hayleys group recorded the highest revenue in its history during the financial year ended March 31, 2026, with a 19 percent year-on-year increase to Rs.585.02 billion.
Source: (Daily Mirror) https://www.dailymirror.lk/business-news/Hayleys-surpasses-half-trillion-revenue-milestone-in-FY-202526/273-341726

PMF Finance marks remarkable evolution
In the world of financial services, longevity alone is not a measure of success. The institutions that endure are those that can adapt, transform, and reinvent themselves while remaining true to the values that define them.
Source: (Daily FT) https://www.ft.lk/financial-services/PMF-Finance-marks-remarkable-evolution/42-792754