diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 309683ac..cd2f00e8 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -171,7 +171,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.2.3"
+version = "1.3.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]