Numera 360 - Private Limited

🤝 Celebrating Growth Through Collaboration!

We are excited to share another successful milestone achieved together with JET 7ADS (PRIVATE) LIMITED. 🎉

At Numera 360, we are honored to support businesses with professional solutions that create a strong foundation for sustainable growth.

This achievement reflects the power of great partnerships, dedication, and a shared vision for success. 🚀

Wishing JET 7ADS (PRIVATE) LIMITED continued growth, success, and prosperity in the journey ahead!

Thank you for trusting Numera360 as your business partner. 🌟

Happy Thursday! Here’s your Morning Market Summary:

🏡 Local Highlights

• Paratariffs to end by 2029: The Government is preparing support programs for industries affected by the phased removal of PAL and CESS.
https://tinyurl.com/4r5sfc7p

• Commercial Bank debenture rated: Fitch assigned an A(lka) National Long-Term Rating to Commercial Bank's proposed Rs. 20 billion debenture issue.
https://tinyurl.com/2j4xanzb

• hSenid launches new ESOP: The company plans a new employee share option scheme covering 3.62 million unallocated shares to retain talent.
https://tinyurl.com/2s4yhubj

• Tax compliance improves: IRD reforms have increased Sri Lanka's tax compliance rate from 40–45% to 70–75%.
https://tinyurl.com/yvkyu2d5

• Foreign reserves decline: Official reserves fell 6.3% in June to US$6.45 billion, mainly due to lower foreign exchange and gold reserves.
https://tinyurl.com/mpdvkbpw

• Tariff reforms continue: Ceramic tile import taxes will gradually reduce from 90% to 20% by 2029 under the National Tariff Policy.
https://tinyurl.com/4ty42sxs

• Agriculture spending under review: The President has ordered tighter monitoring of agricultural projects and faster implementation ahead of the 2027 Budget.
https://tinyurl.com/3rxz86md

• Industrial Asphalts stake sale: A 48.03% controlling stake was acquired by Arcasia Investment & Trading and ATX Partners.
https://tinyurl.com/3tcbj5ew

• Access Motors recognized: The Jaguar Land Rover agent won the Most Professional Workshop award for after-sales service.
https://tinyurl.com/3rv6ef4j

🌏 Global Highlight

• Oil prices surge: Crude oil rose by more than US$1 per barrel after the U.S. launched fresh military strikes against Iran, raising geopolitical tensions and supply concerns.
https://tinyurl.com/9y2wrw53

📌 Market Takeaway:

Sri Lanka continues advancing trade liberalization and tax administration reforms while supporting affected industries. Although tax compliance is improving, declining foreign reserves remain a key macroeconomic concern. Globally, renewed Middle East tensions pushed oil prices higher, which could increase energy costs and inflationary pressures.

Oil rises more than a dollar per barrel as US launches fresh strikes against Iran Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military ​began launching fresh strikes on Iran.

Happy Wednesday – Morning Market Summary

🏡 Local Highlights

• IMF Revenue Reforms: The IMF reviewed Sri Lanka's revenue reform progress with government officials, signaling continued focus on improving tax administration under the IMF program.
https://tinyurl.com/yc6rebpj

• Foreign Investment: Foreign investors recorded a net purchase of US$3 million in Sri Lankan government securities as the rupee continued to stabilize.
https://tinyurl.com/k8kp7au8

• Digital Connectivity: Dialog Enterprise will provide fibre internet services to Prime Lands' new apartment project in Peliyagoda.
https://tinyurl.com/ev52pusa

• Insurance Sector: Sanasa Life's registration has been reinstated by the insurance regulator after a seven-month suspension, subject to compliance with regulatory conditions.
https://tinyurl.com/39k32ve9

• Digital Payments: Sampath Bank launched Google Pay support for Visa and Mastercard credit and debit cardholders.
https://tinyurl.com/zu6zu2ad

• Port Policy: The Government confirmed there are no plans to privatize or lease the Eastern Container Terminal (ECT) of the Colombo Port.
https://tinyurl.com/bdzm9cj6

• Property Market: Colombo condominium prices rose 18.5% YoY in Q1 2026, while sales volumes declined 15.2%, indicating softer demand despite higher prices.

• Foreign Reserves: CBSL recorded a net purchase of US$70.8 million from the domestic forex market in June, supporting reserve accumulation.
https://tinyurl.com/t4we956d

• Taxation: Businesses are seeking clearer guidance on VAT calculations for transactions conducted through online marketplaces.
https://tinyurl.com/3jajr7c4

🌏 Global Highlight

• US-Iran Tensions: The US resumed military strikes on Iran following attacks in the Hormuz Strait, raising concerns over renewed geopolitical tensions and potential impacts on global energy markets.
https://tinyurl.com/3be9ekuw

Iran war live: US and Iran exchange fire anew after attacks in Hormuz strait Peace talks are tested as the U.S. says it hit 80 military targets, while Iran launched missiles and drones at Bahrain and Kuwait.

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