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Sri Lanka advocates for immediate de-escalation of tensions in the Middle East and West Asia, and calls for global peace
Sri Lanka is deeply concerned by the rapidly escalating situation in the Middle East and West Asia, which poses a direct threat to the civilian population. We are saddened by the tragic loss of civilian life and condemn any attacks against civilians and civilian infrastructure. Sri Lanka underscores that the protection of civilians on all […]
Sri Lanka and Indonesia Further Strengthen Defence Cooperation
On 12 March 2026, Ambassador-designate of Sri Lanka to Indonesia Sashikala Premawardhane paid a courtesy call on Secretary General of the Ministry of Defence of the Republic of Indonesia, Lieutenant General Tri Budi Utomo, and discussed avenues to further strengthen defence and security cooperation between Sri Lanka and Indonesia. The discussion focused on the early […]
Sri Lanka Reintroduces Fuel Rationing via QR Amid Supply Disruptions
The Ministry of Energy has announced the immediate reintroduction of the National Fuel Pass (QR code) system, effective from 6:00 AM on March 15, 2026. The decision follows a surge in domestic demand and ongoing disruptions to Middle Eastern supply routes caused by regional conflict. Government officials stated the move is necessary to manage existing […]
PickMe calls for higher fuel allocations to ride-hailing and taxi services
PickMe has called for higher fuel allocations to ride-hailing and taxi services during rationing periods, arguing that shared mobility maximises scarce resources, sustains daily economic activity, and protects driver livelihoods. Sri Lanka faces renewed global uncertainty over energy supplies. While not a repeat of the recent fuel crisis, the situation highlights the need for efficient […]
Caltex Abimani strengthens the next generation of women in STEM
Chevron Lubricants Lanka PLC, in collaboration with the Ceylon German Technical Training Institute, proudly launched Caltex Abimani Women in STEM, a corporate social responsibility initiative designed to empower young Sri Lankan women pursuing education in science, technology, engineering and mathematics (STEM). The initiative highlights Chevron’s commitment to diversity and inclusion. The program supports deserving students […]
Fortune GP Farms strengthens poultry sector performance through global collaboration
Reinforcing its commitment to advancing measurable production standards across Sri Lanka’s poultry value chain, G P Farms Lanka Limited, which is a joint-venture between Bairaha Farms PLC and Crysbro group, recently conducted a two-day technical workshop/seminar in collaboration with global breeding leader Cobb Vantress. The programme brought together technical specialists from Cobb Vantress operations in […]
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 […]