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‘Continuation of corruption-free policy, a must for greater German investments’

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Ambassador of Germany to Sri Lanka Dr. Felix Neumann (L) and Pathfinder Foundation Chair Ambassador Dr. Bernard Gunathilake.

At present more than 300 German brands are available in Sri Lanka due to bilateral trade and investment and more investments could be attracted to this country, if the local bureaucracy acts faster, the “corruption-free policy, good governance continue and investments are properly protected, German ambassador to Sri Lanka, Dr. Felix Neumann said.

“This was the feedback I received from German companies operating in Sri Lanka and therefore German firms often compare Sri Lanka’s conditions with those of other countries in the region before committing to investments, Dr Neumann said while delivering remarks at the monthly ‘Ambassadors’ Roundtable Discussion’ organized by the Pathfinder Foundation. The event was held at the Colombo Club, Taj Samudra Hotel on Tuesday. It was presided over by Pathfinder Foundation Chairman Ambassador Bernard Gunathilake.

Ambassador Neumann said that ‘Stability and Global Order’ constitute a primary policy pillar for his government, emphasizing Germany’s commitment to safeguarding peace in Europe and beyond. “The second pillar, ‘Freedom: Upholding the Rule of Law and Human Rights’, is the foundation for lasting stability, he said. The ambassador emphasized that societies governed by the Rule of Law are inherently more stable and just than those led by power or force. Germany, he said, stands with those who rely on the Rule of Law.

The ambassador, highlighted that human rights, democracy and justice form the core of Germany’s foreign policy and international engagement.

He emphasized the importance of the Indian Ocean to global trade. “Sri Lanka’s strategic location and democratic stability contribute to peace and stability in the Indian Ocean region. Modern security extends beyond defence, encompassing energy, food and climate security, he said.

‘Security’, he identified as one of the three pillars of German foreign policy—alongside ‘wealth’ and ‘freedom’.

“Some German companies have to wait long to obtain licenses for production or to install plants here. German companies may look elsewhere if Sri Lanka’s approval processes are not made faster, the ambassador said.

Neumann added: “The Indian Ocean is a peaceful region. There is an existing principle of freedom of navigation throughout the Indian Ocean. Sri Lanka is not the biggest state in the region, but it is located at the very centre of the Indian Ocean, along some of the world’s most important international shipping routes.

“Thanks to nature, Sri Lanka has deep-sea harbours that are essential for these global trade lines. Therefore, Germany’s security is linked to the security of Sri Lanka. A stable, democratic Sri Lanka with the Rule of Law and a prosperous society contribute to stability at this key point in the Indian Ocean.

“I know there is a Sri Lankan policy position. It is fine. It is a friend to all and enemy to none. We have a country that has decided to be fair to everyone. That aligns with the international principle of freedom of navigation.”

Dr. Neumann further emphasized that Sri Lanka is among the few countries that enjoy a trade surplus with Germany.

“We export less to Sri Lanka than Sri Lanka exports to Germany. Germany is at the centre of Europe, and our wealth is largely based on access to the European market. Though Germany covers only one percent of the global surface, it represents the world’s third-largest economic power. For this, we need partners who engage with us in a common market. That is why I often say Germany is ‘Team Europe.’ Within the European Union, our goal is to keep the EU as open as possible to our partners,” he explained.

By Hiran H.Senewiratne



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SriLankan Airlines Resumes Flights to Riyadh and Dubai

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09 March 2026; Colombo – SriLankan Airlines would like to inform passengers that it is resuming daily services to Riyadh tonight and Dubai tomorrow, while continuing to closely monitor the situation in the Middle East and prioritising the safety and wellbeing of its passengers and crew.

The following flights are scheduled to operate:

For more information please contact: 1979 (within Sri Lanka); +94 11 777 1979 (international); WhatsApp +94 74 444 1979 (chat only); your travel agent; visit www.srilankan.com; or follow us on social media.

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Oil prices jump above $100 for first time in four years

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Oil facilities in Tehran were hit by airstrikes at the weekend

Global oil prices have jumped above $100 (£75.11) a barrel for the first time since 2022 as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.

Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.

The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.

Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world.

Early on Monday in Asia, Brent crude was around 15.5% higher at $107.16, while Nymex light sweet was up by more than 17% at $106.77.

Stock markets in the Asia-Pacific region fell sharply in early trading on Monday, with Japan’s Nikkei 225 index down by more than 5% and the ASX 200 in Australia more than 3.5% lower.

Many in the markets predicted that oil would hit the $100 a barrel mark this week.

In the event it took about a minute to jump 10%, and then another 15 minutes to rise a further 10% in early Asian trading.

Last week the markets had been relatively relaxed about the seeming nightmare scenario for millions of barrels of crude and liquefied natural gas trapped in the Gulf, unable or unwilling to transit the Strait of Hormuz.

But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.

The question now is where does this go? Some analysts argue that if the shutdown in the strait lasts until the end of March, we could see record oil prices above $150 a barrel.

The existing rise is likely to further increase petrol prices, and those of important derivative products such as jet fuel and vital precursors for fertilisers.

The physical supplies from the Gulf are mainly consumed in Asia.

Already however there are signs that Asian consumers are bidding up prices for US gas, with some tankers originally heading for Europe turning around in the mid-Atlantic.

US President Donald Trump responded to the jump in prices by saying that short term rises were a “small price to pay” for removing Iran’s nuclear threat.

His energy secretary told US broadcasters on Sunday that Israel, not the US, was targeting Iran’s energy infrastructure, amid some concern about rising domestic pump prices caused by the war.

(BBC)

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CMTA warns buyers of long-term costs hidden in reconditioned vehicle imports

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The Ceylon Motor Traders’ Association (CMTA) has issued a stark cautionary note to prospective vehicle buyers, warning that the initial price advantage of reconditioned imports often masks significant long-term financial risks.

By highlighting a “structural imbalance” in the current duty valuation system – which allows near-identical vehicles to be imported under a 15% automatic depreciation bracket – the CMTA argues that the lack of manufacturer-backed warranties and tropicalised specifications in the grey market could lead to a “reconditioned trap” for unsuspecting consumers. For the savvy buyer, the association suggests that the true cost of ownership is increasingly tilting the scales in favour of brand-new vehicles from authorised agents.

If two identical 2026 models are sitting on different lots, and one is significantly cheaper because it was technically “registered and de-registered” abroad, the frugal buyer’s instinct is to take the discount. But the CMTA argues that this 15% depreciation benefit – intended for genuine used cars – is being leveraged as a loophole for zero-mileage vehicles.

For the savvy buyer, this raises a fundamental question of transparency. If the entry price of a vehicle is built on a “procedural” technicality rather than actual wear and tear, where else is the transparency lacking? Does the lower price reflect a genuine saving passed to the consumer, or does it mask a lack of manufacturer-backed after-sales support?

When a buyer chooses an authorised agent, they are essentially purchasing an insurance policy against the unknown. With a five-year manufacturer warranty, the financial burden of a faulty transmission or a software glitch stays with the global giant that built the car, not the local owner. In an era where vehicles are increasingly “computers on wheels,” the technical specialised tools and genuine parts held by authorised agents are no longer a luxury – they are a necessity for longevity.

The CMTA’s perspective also invites the buyer to look at the “Big Picture.” Every time a vehicle is imported under an under-declared value or an artificial depreciation bracket, it isn’t just a loss for the Treasury; it is a blow to the country’s foreign exchange discipline.

“A savvy buyer today is more informed than ever. They realize that a “cheap” import with no service history and no tropicalised specifications may eventually become a “minus” on the balance sheet. Frequent repairs and lower resale value can quickly evaporate the initial few lakhs saved at the point of purchase. Ultimately, the choice between brand new and used is a choice between certainty and speculation,” the Association says.

The CMTA is advocating for a level playing field where duty is based on true transaction value. Until that day comes, the burden of due diligence rests on the consumer. To be a “savvy buyer” in 2026 means looking past the showroom shine and asking: Who stands behind this car if something goes wrong tomorrow?

In conclusion, CMTA says,” For those seeking long-term peace of mind, the “brand new” path – supported by a transparent duty structure and a solid warranty – remains the gold standard for steering Sri Lanka’s complex automotive landscape.”

Before signing the papers on a reconditioned vehicle, the CMTA suggests buyers evaluate the four “minus” factors against a “brand new” purchase:

By Sanath Nanayakkare

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