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Customs revenue surpasses target vehicle imports lead the gains

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Sri Lanka Customs has exceeded its revenue target for 2025, collecting 117% of the expected earnings by the end of September, officials told Parliament’s Committee on Ways and Means.

As of September 30, customs revenue reached Rs. 1,737 billion, surpassing the projected Rs. 1,485 billion, marking a significant increase compared to last year, Customs officials said. The disclosure was made at a recent Committee meeting chaired by MP Wijesiri Basnayake.

Vehicle imports emerged as the largest contributor to revenue, generating Rs. 587.11 billion by October 14, accounting for 37% of total collections. Customs duties from 55,447 imported motor cars alone amounted to Rs. 474.26 billion, while 7,331 goods transport vehicles brought in Rs. 48.67 billion.

Other imported vehicles also contributed significantly: 142,524 motorcycles added Rs. 30.37 billion, 15,035 three-wheelers earned Rs. 15.10 billion, and 1,679 passenger buses and vans contributed Rs. 12.66 billion.

The Committee also discussed future plans and technological upgrades at Customs. Officials highlighted the introduction of a new digital E-Tendering system for the auction of confiscated goods, which is expected to be launched soon. Lawmakers noted that the initiative could set a valuable precedent for other state institutions.

The meeting was attended by Deputy Ministers Prof. Ruwan Ranasinghe and Eranga Weeraratne, MPs Ajith P. Perera, Sujeewa Senasinghe, Sujith Sanjaya Perera, Sunil Biyanwila, Champika Hettiarachchi, and senior Customs officials including Director General Seevali Arukgoda.



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Free 14 day visa extension for visitors unable to depart Sri Lanka

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The Department of Immigration and Emmigration has decided effective from 28th February 2026,  to grant a free fourteen  (14) day visa extension to all tourists who are unable to leave Sri Lanka  due to flight cancellations.

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Maldives Coast Guard Ship Huravee arrives in Colombo

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The Maldives Coast Guard Ship Huravee arrived at the Port of Colombo for replenishment purposes on 02 Mar 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.

The ship is a 48.9m long Offshore Patrol Vessel which is commanded by Lieutenant Colonel Ahmed Nafiu Mohamed.

Meanwhile, the ship’s crew is scheduled to visit several tourist attractions in the city of Colombo, during their stay in the island.

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AKD warns of far reaching economic consequences of Middle East war

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Anura

President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.

Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.

“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”

He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.

A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.

Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.

While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.

The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.

“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.

Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.

Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.

Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.

Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.

“Because of this, there is no crisis regarding oil,” the President assured Parliament.

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