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Protecting Public Interest: Why Mid Month Revisions & Targeted Welfare are Vital to Defeating Fuel Hoarding
Advocata’s opinion on recent fuel price hike We commend the Government’s decisive move to revise fuel prices mid-month without prior notice. This action protected consumers from artificial scarcity and market manipulation. By breaking the traditional end of month cycle, the Government removed incentives for hoarding by both consumers and retailers. Had the Government waited until […]
World Growth to Continue at Steady Pace if Oil Price Shock Short-Lived
Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings says in its latest March 2026 Global Economic Outlook (GEO). The world economy has held up well despite a succession of geopolitical and US policy shocks. World growth was 2.7% last year, close to its long-run […]
Sri Lanka Among First Countries Globally to Advance Large-scale Biodiversity Action with Kunming Biodiversity Fund Project
Sri Lanka has been endorsed for a project under the Kunming Biodiversity Fund (KBF), positioning the country among the first globally to move into large-scale implementation of the Kunming-Montreal Global Biodiversity Framework. The milestone marks a significant step in translating global biodiversity commitments into coordinated national action. The KBF project proposal was formally signed by […]
A road map to net zero for Sri Lanka’s plantation sector
With the heighted consensus on the need for climate change mitigation and adaption, the SriLankan plantation industry is now faced with one of the most consequential transformations inits 172 year history as a growing segment of the industry plots a course for Net Zero emissions.With global buyers, financiers and regulators push for low-carbon supply chains, […]
ADB President welcomes Sri Lanka Prime Minister, Reaffirms support for recovery and reform
Asian Development Bank (ADB) President Masato Kanda met today with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality. “Sri Lanka’s resilience in the face of crises […]
AI-Related Risks Rising for Software, Media, and Services Corporates: Fitch Ratings
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands […]
Sri Lanka’s national Terrorist Financing risk assessed as medium-high: National Risk Assessment 2024/25
Sri Lanka has successfully completed the National Risk Assessment (NRA) 2024/25 on Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF), in collaboration with a total of 86 governmental organizations, regulatory bodies and private sector institutions. Accordingly, the country’s national Terrorist Financing (TF) risk, a combination of TF threat and vulnerability, was assessed as […]
CSE Provides Capital Market Access to Kegalle with New Branch
The Colombo Stock Exchange (CSE) officially opened its Kegalle Branch to the public, further strengthening its countrywide presence. The branch was inaugurated by Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Senior Professor D.B.P.H Dissabandara, Director of the Colombo Stock Exchange (CSE) Mr. Kosala Gamage and Chief Executive Officer of CSE Mr. […]
APHNH President Raveen Wickremesinghe on trust, standards and collaboration
Sri Lanka’s private healthcare sector is being asked to expand capacity while rebuilding public trust. In this interview, Raveen Wickremesinghe, President of the Association of Private Hospitals and Nursing Homes (APHNH), sets out an evidence-led agenda for the new term, focused on clearer standards, ethical safeguards, and closer alignment with national health priorities. He notes […]
Interview with Rajitha Jayasuriya of Fairway Holdings
As the island economy continues to progress along the road to recovery, the real estate sectoris gathering momentum in terms of its contribution to the construction sector as well as theeconomy as a whole. Several new developments are leading the way from the supply-side ofthe market. Today, we have the distinct pleasure of speaking with […]