March 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 […]
Read moreMarch 26, 2026 at 5:26 pm | Uncategorized | No comment
Fresh data from the Export Development Board (EDB) released today shows that Sri Lanka’s merchandise exports reached $1.06 billion in February 2026, a 1.32% increase compared to last year. While traditional pillars like Apparel (-10%) and Tea (-3.7%) faced headwinds due to the Red Sea crisis.Electrical and Electronic components saw a staggering 54% surge, while […]
Read moreMarch 25, 2026 at 5:20 pm | Uncategorized | No comment
In a major customer advisory issued today, Yusen Logistics highlighted that geopolitical tensions in the Strait of Hormuz and the Red Sea have “intensified considerably.” The effective closure of critical waterways is no longer a temporary delay but a “period of exceptional instability” for global supply chains. Carriers are now systematically ceasing new bookings and […]
Read moreMarch 25, 2026 at 5:10 pm | Uncategorized | No comment
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) decided yesterday to maintain the Overnight Policy Rate (OPR) at 7.75%. This decision comes as the bank balances a recovering domestic economy against the “heightened uncertainties” of the ongoing Middle East conflict. While headline inflation has decelerated to 1.6%, the CBSL remains cautious […]
Read moreMarch 23, 2026 at 4:34 pm | Uncategorized | No comment
The domestic logistics landscape faced a sharp shift at midnight yesterday as the Container Transport Owners’ Association (CTOA) officially increased import and export haulage charges by 20%. Association Chairman Sanath Manjula confirmed the decision was unavoidable following the third fuel price hike this month. This adjustment is a collective move by all executive committees operating […]
Read moreMarch 23, 2026 at 4:31 pm | Uncategorized | No comment
As of today, March 23, the Sri Lankan economy is entering a critical phase as the “heat” of the Middle East war begins to impact domestic choices. Renowned economist W.A. Wijewardena noted in his latest analysis that while initial buffers held, the prolonged maritime disruption is now forcing a radical shift in national policy. With […]
Read moreMarch 21, 2026 at 4:23 pm | Uncategorized | No comment
The Colombo West International Terminal (CWIT), led by Adani Ports (APSEZ), has achieved a significant milestone by crossing 1 million TEUs in container throughput within its first year of operation. This represents the fastest “ramp-up” in the history of the Port of Colombo. Strategically positioned to handle the world’s largest mainline vessels, CWIT’s success is […]
Read moreMarch 19, 2026 at 4:20 pm | Uncategorized | No comment
Recognizing the export sector as the nation’s top economic priority, the Export Development Board (EDB) has launched a fast-track fuel supply program this week. EDB Chairman Mangala Wijesinghe announced that the initiative aims to support over 4,500 exporters across the apparel, tea, and spice industries. The program ensures that transport fleets moving export cargo receive […]
Read moreMarch 18, 2026 at 4:26 pm | Uncategorized | No comment
To safeguard Sri Lanka’s economic stability amid rising global uncertainty, the Ceylon Chamber of Commerce officially proposed five urgent measures today. The Chamber is calling on the government to identify and prioritize “Essential Services” and “Export Sectors” for dedicated fuel and foreign exchange allocation. A standout proposal includes allowing licensed local bunkering firms to independently […]
Read more
