April 27, 2026 at 8:08 am | Uncategorized | No comment
In a major step toward regional energy security, Indian Vice President Radhakrishnan held extensive talks with Sri Lankan leaders in Colombo today. A key priority of the visit was the proposed Trincomalee Energy Hub and the plan to link India and Sri Lanka through a multi-product oil pipeline. This project aims to provide a stable […]
Read moreApril 27, 2026 at 8:05 am | Uncategorized | No comment
The Ceylon Petroleum Corporation (CPC) has confirmed the arrival of a critical vessel carrying 9,500 metric tonnes of diesel today, April 27. Managing Director Mayura Neththikumarage stated that this shipment, along with a massive 35,000 MT petrol shipment expected before the end of the month, is part of a strategic push to stabilize the nation’s […]
Read moreApril 25, 2026 at 5:50 am | Uncategorized | No comment
Reflecting the volatility in global energy markets, a price revision for Liquefied Petroleum Gas (LPG) was implemented today. The adjustment follows a sharp rise in Saudi Aramco’s Asia-Pacific benchmark, which added over Rs. 1,000 to the landing cost of a standard cylinder. This cost-push pressure is a reminder that the logistics of “Energy Security” remains […]
Read moreApril 19, 2026 at 5:43 am | Uncategorized | No comment
Fresh data from the Central Bank of Sri Lanka confirms that the Manufacturing Purchasing Managers’ Index (PMI) surged to 66.7 in March 2026, up from 56.8 in February. This indicates a robust expansion, largely driven by the seasonal peak in the food and beverage and textile sectors ahead of the festive season.However, the report also […]
Read moreApril 6, 2026 at 5:32 am | Uncategorized | No comment
The Hambantota International Port (HIP) has officially reported a “sharp surge” in global shipping volumes this week. As a direct response to the ongoing disruptions in the Middle East, shipping lines are increasingly diverting operations to HIP as a stable alternative hub along the East–West corridor. To handle this influx, the port has doubled its […]
Read moreApril 2, 2026 at 5:24 am | Uncategorized | No comment
In a direct response to the domestic fuel pressures triggered by the ongoing regional conflict, the Export Development Board (EDB) and the Ceylon Petroleum Corporation (CPC) held a high-level summit today. The focus was the optimization of the “Priority Fuel Distribution Mechanism” for the export sector. With over 4,500 exporters now registered, the program is […]
Read moreMarch 31, 2026 at 5:38 pm | Uncategorized | No comment
As we close the month of March, the “Warnomics” analysis is reaching a fever pitch. Today’s reports warn that Sri Lanka’s energy security is “on the edge” due to its heavy reliance on the Strait of Hormuz, where one-fifth of the world’s oil flows. With prices rising and supply decreasing, the economy is facing a […]
Read moreMarch 31, 2026 at 5:36 pm | Uncategorized | No comment
In a landmark move for Sri Lanka’s maritime future, the Hambantota International Port Group (HIPG) signed a $108 million agreement this week to procure 6 quay cranes and 16 rubber-tyred gantry cranes (RTGs). This investment will activate the port’s Phase II container terminal, increasing its annual capacity to 2 million TEUs. These new cranes, with […]
Read moreMarch 29, 2026 at 5:33 pm | Uncategorized | No comment
As we approach the end of March, the “Reliability Tax” is manifesting in heartbreaking ways. Reports today highlight that fuel constraints are beginning to impact the nation’s care homes, with rising costs and disrupted routines for the elderly and children. While the export sector has been prioritized with “Green Channels,” the broader domestic supply chain […]
Read moreMarch 28, 2026 at 5:27 pm | Uncategorized | No comment
Following a high-level conversation between President Anura Kumara Dissanayake and Prime Minister Narendra Modi, a “rescue shipment” of 38,000 MT of petroleum arrived in Colombo today. The shipment, consisting of 20,000 MT of diesel and 18,000 MT of petrol, was dispatched by Indian Oil Corporation (IOCL) after traditional suppliers invoked force majeure due to the […]
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