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Sri Lanka and Brazil Successfully agree to elevate Bilateral Trade to USD 1 Billion
The Second Round of Bilateral Political Consultations between Sri Lanka and Brazil were held on 20th March, 2026 at the Ministry of Foreign Affairs, Foreign Employment and Tourism in Colombo, marking an important step in further strengthening the longstanding and friendly relations between the two countries. The meeting was co-chaired by Secretary to the Ministry, Aruni […]
Oil Equilibrium: Why Global Energy Prices Could Redefine Sri Lanka’s Economic Future
By Dr. Gayan Gunewardana (MBA, CIMA/CGMA, FRM/ GAP, AIB) & Y.K Sajani Harishchandra (MBA, ACA) 1. Introduction: When Oil Moves, Economies Shift In the modern global economy, oil is more than a commodity; it is a macroeconomic force that shapes inflation, trade balances, fiscal stability, and the pace of global growth. For Sri Lanka, the […]
To reach US$8 billion, Sri Lanka apparel must grow differently
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust,and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains […]
Import Price Shocks of the Hormuz Crisis 2026: How Will This Affect Sri Lanka?
Dr Asanka Wijesinghe, Research Fellow, Institute of Policy Studies of Sri Lanka The closure of the Strait of Hormuz has unsettled global energy markets. According to the International Energy Agency (IEA), 20 Mn barrels of crude oil products were transported through the Strait in 2025, which accounted for a quarter of the world’s daily energy […]
IMF Team Set to Visit Colombo for Crucial Dual Review
The International Monetary Fund (IMF) has confirmed that a staff team led by Mission Chief Evan Papageorgiou will visit Colombo from March 26 to April 9, 2026. This mission is designed to facilitate high-level discussions with Sri Lankan authorities regarding the nation’s ongoing economic recovery and policy trajectory. The visit marks a critical juncture for […]
Banks to maintain uninterrupted services; SLBA urges public to use digital channels
The Sri Lanka Banks’ Association (SLBA) has assured the public that banks will continue to operate on all five weekdays as an essential service, despite the temporary measures introduced to conserve fuel and energy resources. Accordingly, banks will remain open from Monday to Friday, including Wednesdays, with operations on Wednesdays limited to the hours of […]
VIDEO: Petrodollar Under Threat? Iran’s Petro-Yuan Oil Plan Via Hormuz | Explained
Iran may be considering a dramatic economic counterstrike in the escalating US-Iran conflict — targeting the very foundation of Washington’s global financial power: the petrodollar system. Reports suggest Tehran could allow oil tankers to pass through the Strait of Hormuz only if transactions are settled in Chinese yuan, a move that could challenge decades of […]
EDB Chairman Announces Fast-Track Fuel Supply for Exporters Amid Fuel Shortage
In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing, Export Development Board (EDB) Chairman Mangala Wijesinghe has highlighted a priority program to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield […]
Sri Lanka’s Economy Hits 5% Growth in 2025; 4.8% Expansion in Q4
The Department of Census and Statistics (DCS) of Sri Lanka has reported a 5.0% GDP growth rate for 2025, with the economy expanding to Rs. 13,128,577 million at constant prices. This positive momentum was supported by a final fourth-quarter growth rate of 4.8%. In nominal terms, the GDP at current prices rose by 8.8% to […]
Macrofinancial Strength Drives Credit Surge in 2025, But Risks Loom: CBSL
Sri Lanka’s macrofinancial conditions strengthened throughout 2025, fueling a major expansion in credit despite persistent external vulnerabilities. According to recent year-end data, the financial sector has shifted its focus heavily toward the private sector, supported by a broad-based recovery and accommodative monetary policy. The banking sector saw credit growth accelerate to 21.4% year-on-year by the […]
World Wildlife Day 2026: From rescue to rewilding, Kalo’s journey continues
He arrived at the Elephant Transit Home in Udawalawe on March 23, 2024, barely eightmonths old. Kalo had spent an unknown number of days trapped at the bottom of anabandoned well near Galenbidunuwewa in Sri Lanka’s Anuradhapura District, separatedfrom the herd he had lost. When wildlife officers from the Department of WildlifeConservation pulled him out, […]
Ceylon Chamber Urges Measures to Safeguard Economic Stability Amid Global Uncertainty
The evolving global situation and the escalating conflict in the Middle East requires coordinated measures to safeguard economic stability. The Ceylon Chamber remains ready to work with the Government in addressing potential economic risks and has outlined detailed policy recommendations. The Chamber, in its submission of 11 March 2026, recommended a number of policy measures […]