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Ceylon Chamber of Commerce unveils Outlook 2025 Report

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Standing Left to Right - Sanjaya Ariyawansa, Romesh David, Ruvini Fernando, Dr. Chandranath Amarasekara, Dr. Shruti Lakhtakia, Bingumal Thewarathanthri

The 10th Annual Outlook Report 2025 was officially launched by the Ceylon Chamber of Commerce at the Economic Review and Outlook 2025 seminar. This year’s theme, “Consolidating Stability; Fostering Sustainable Growth”, encapsulates Sri Lanka’s progress toward economic recovery and resilience. The keynote address was delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, highlighting policy directions and economic priorities for 2025.

Organised by the Chamber’s Economic Intelligence Unit (EIU), the report provides a three-part analysis. The first section reviews Sri Lanka’s macroeconomic fundamentals, including growth, inflation, monetary policy, performance of the external, fiscal and the financial sector. The second section offers a detailed review and outlook for ten key sectors: agriculture, tourism, retail, apparel, digital and IT/BPO, energy, logistics and transport, banking and insurance, fisheries, and poultry. The final section presents a forward-looking analysis of global and regional economic trends, emphasizing their implications for Sri Lanka’s recovery and growth trajectory.

In his opening remarks, Duminda Hulangamuwa, Chairman of The Ceylon Chamber of Commerce, underscored the Chamber’s three-pillar strategy— Policy Advocacy, Engagement, and Market Access—which guides its efforts to support the business community and drive economic progress. He highlighted that while the EIU plays a critical role in policy advocacy, this seminar aligns with the Engagement pillar by fostering knowledge-sharing and dialogue on Sri Lanka’s economic outlook. Emphasizing the importance of leveraging Sri Lanka’s resilience, he stated, “This year’s report not only reflects on challenges but also provides a roadmap for sustainable growth and the reforms essential for long-term stability.”

Presenting the report, Senior Economist Sanjaya Ariyawansa highlighted Sri Lanka’s cautious optimism for 2025. Ariyawansa noted the critical role of structural reforms, stating, “Sustained fiscal discipline, governance improvements, and investments in digital infrastructure are vital to ensuring Sri Lanka’s economic recovery transitions into sustainable growth.”

A distinguished panel discussion followed, moderated by Ariyawansa. Panelists included: Bingumal Thewarathanthri, Chairman, Sri Lanka Banks Association & MD/CEO, Standard Chartered Bank Sri Lanka, Dr. Chandranath Amarasekara, Assistant Governor, Central Bank of Sri Lanka, Dr. Shruti Lakhtakia, Economist, The World Bank Sri Lanka Office, Ruvini Fernando, Head of Strategy, Deloitte Sri Lanka and Maldives and Romesh David, CEO, South Asia Gateway Terminals (SAGT)

The panel provided valuable insights into fiscal and monetary reforms, digital transformation, the investment climate, growth opporutntiies and challneges, and regional economic trends.



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Ranawaka accuses govt. of using JVP cadres and police to suppress political opponents

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… reminds AKD led over 560 protests during Yahapalanaya

Former Yahapalana Minister and United Republican Front (URF) leader Patali Champika Ranawaka yesterday (19) alleged that the JVP, which carried out over 560 protests during the 2015-2019 period, was now bent on preventing the Opposition from exercising its democratic right to protest.

Recalling the declaration made by the JVP at the height of the violent protest campaign in July 2022 that it would set the Parliament ablaze, the former parliamentarian lashed out at the JVP-led administration for using the police excessively to curb political opposition. Ranawaka said this while addressing the media at the former President Ranil Wickremesinghe’s Flower Road Office .

Commenting on the protest campaign launched by the Maha Sangha, demanding presidential pardon for General Secretary of the Bodu Bala Sena (BBS) Ven. Galagotaatte Gnanasara, the ex-Colombo District lawmaker alleged that President Anura Kumara Dissanayake used a combination of police, investigative units and JVP cadres to break up the monks’ protest. The government went to the extent of compelling the JVP/NPP-run Colombo Municipal Council (CMC) to deprive the peaceful protesters of basic toilet facilities, he alleged.

The government’s actions proved that only those with prior approval from JVP Pelawatte headquarters could launch protests in Colombo, its suburbs or in the provinces. The police have become a political tool in the hands of the JVP, the ex-Minister said. (SF)

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Six killed as speeding bulker crashes into vehicles, shop in Akurana

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By SK Samaranayake

Six people were killed and seven others injured when a speeding bulker lorry carrying cement and concrete ploughed into several vehicles and a shop on the Kandy-Jaffna A9 road at Kurugoda, Akurana, yesterday (19).

Four of the victims, two women and two men, died on the spot in the accident which occurred around 10.30 am, according to Alawathugoda Police.

Police said the bulker, travelling at high speed from the Matale direction, collided with three three-wheelers, two motorcycles and two lorries before veering off the road and crashing into a commercial establishment.

Five of the injured were rushed to the National Hospital of Kandy, where hospital sources said two remained in critical condition.

The bodies of the four victims were placed at the Akurana Hospital, where two others, who suffered minor injuries, were also receiving treatment.

The driver of the bulker was arrested by the Alawathugoda Police Traffic Division and is to be produced before court.

Investigations are being conducted under the supervision of Central Province Senior DIG Lalith Pathinayake.

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Prof. Peiris, summoned by CIABOC, appeals for Ven. Gnanasara’s release

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G.L. Peiris

By Shamindra Ferdinando

owledging that there had been an administrative lapse on the part of the President’s Office in 2019 when Maithripala Sirisena granted presidential pardon to Ven. Gnanasara Thera, Convener of Janathawadi Joint Opposition Prof. G.L. Peiris yesterday (19) urged President Anura Kumara Dissanayake to rectify whatever those shortcomings and release the General Secretary of Bodu Bala Sena.

Addressing the media at the former President Ranil Wickrekmesinghe’s Flower Road Office, Prof. Peiris emphasized that it was not fair to hold Ven. Gnanasara accountable for lapse or technical fault of others at the Presidential Secretariat during President Sirisena’s tenure.

Prof. Peiris was flanked by UNP Chairman Wajira Abeywardena and United Republican Front (URF) leader Patali Champika Ranawaka.

The fresh appeal was made on behalf of Ven. Gnanasara in the wake of President Dissanayake and JVP heavyweight Anura Kumara Dissanayake ruling out fresh presidential pardon for the monk. Minister Lal Kantha declared that the government couldn’t under any circumstances meet the continuing monks’ protest demanding Ven. Gnanasara’s release. President Dissanayake dismissed repeated appeals for Ven. Gnanasara’s release when he addressed the NPP really in Badulla.

Sirisena granted presidential pardon in May 2019 even before he completed a year of his six-year term of rigorous imprisonment for contempt of court during proceedings of the media personality Prageeth Ekneligoda’s 2010 January disappearance in the Homagama Magistrate’s court.

At the onset of the regular weekly briefing, Prof. Peiris said that he would report to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) today (20) morning as requested by the commission. “The CIABOC wanted to record my statement regarding a meeting I chaired at the ministry after the conclusion of the war in 2009 pertaining to an ongoing investigation.”

Commenting further on the imprisonment of Ven. Gnanasara, the former parliamentarian said that President Sirisena intervened following a spate of requests made on behalf of BBS General Secretary by the Mahanayakes, Anunayakes and other Maha Sangha.

The Supreme Court on 10 September, 2026 rescinded the presidential pardon granted in late May 2019.

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