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Economy remains resilient, supported by healthy inflows: CBSL

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The external sector of the Sri Lankan economy remained resilient in April 2025, supported by healthy inflows from tourist earnings and workers’ remittances, the Central Bank of Sri Lanka (CBSL) said.

The External Sector Performance report, issued by the Economic Research Department of the CBSL, states that reflecting the resilience of the external sector, the monthly current account has remained in surplus since January 2025.

It also noted that the merchandise trade deficit widened in April 2025, compared to both April 2024 and March 2025. This was as a result of merchandise imports growing at a higher pace (17.5 %, y-o-y), mainly driven by imports of motor vehicles (US dollars 134 million), compared to the growth in merchandise exports (10.4 %, y-o-y).

The terms of trade improved during the month of April, as the decline in import prices was greater than the decline in export prices, the CBSL added.

According to the External Sector Performance report, foreign investments in the government securities market shifted from a net inflow in the previous month to a marginal net outflow of USD 12 million, while the foreign investments in the Colombo Stock Exchange (CSE) (considering both primary and secondary markets) recorded a turnaround from a net outflow to a marginal net inflow of USD 3 million.



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NPP govt. reminded of its responsibilities as US warship leaves Colombo

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Alireza Delkhosh

Stranded Iranian ships off SL:

Iran has reminded Sri Lanka that as a member of the UN the government is obligated to fulfil its responsibilities.

Iranian Ambassador Alireza Delkhosh in Colombo said that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its Exclusive Economic Zone (EEZ).

Ambassador Delkhosh was responding to a recent Foreign Minister Vijitha Herath’s declaration that neither the government nor private companies would provide food, water and medicine to these ships.

The Ambassador questioned how Sri Lanka accepted illegal and unilateral US sanctions against Iran, contrary to the JVP’s much touted historic anti-imperialistic manifesto.

The Iranian vessels are believed to be under constant US surveillance to prevent any supplies from getting through.

The Iranian Embassy made these comments as USS Tulsa (LCS 16), an Independence-variant littoral combat ship arrived in Colombo where it received supplies. The US Embassy declared that; ” this goodwill visit provides an opportunity to strengthen ties between US and Sri Lankan sailors while the ship refuels and resupplies before continuing its mission in the Indo-Pacific.”

Ambassador Delkhosh said that even if the above-mentioned Conventions weren’t adhered to, there existed, what he called, unwritten yet binding conventions that compelled Sri Lanka to assist. “It is the Convention of not forgetting past friendship and Convention of Humanitarian Actions.”

The Iranian envoy emphasised that these conventions that exempt no country from extending humanitarian aid, especially Sri Lanka, which, throughout its recent history, has been a recipient of Iranian assistance.

A section of the international media reported that Sri Lanka faced the risk of secondary sanctions from the United States if Sri Lanka allowed supplies to reach the stranded Iranian vessels. Twenty vessels are believed to be stranded in EEZ.

Former Sri Lankan Ambassador in Tehran, M.M. Zuhair, recalled how the Iranian government swiftly and decisively provided assistance, amidst western efforts to jeopardise the military campaign, by undermining the national economy.

As the war entered a crucial stage, the government found itself in an extremely difficult situation. Following talks at the highest level, Iran provided Sri Lanka with an interest-free and concessionary oil credit facility worth $1.05 billion to help obtain crude oil requirements, President’s Counsel Zuhair said.

If not for the rolling credit line, easing severe foreign exchange pressures, the Rajapakasa government could have faced an insurmountable challenge, the former diplomat said, adding that, unfortunately, those in decision-making positions now have forgotten the past. (SF)

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CERT: Beware of foreign Uni. scams on social media

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The National Centre for Cyber Security has warned of a major fraud perpetrated, targeting those seeking to enter foreign universities. The fraudsters have used social media to deceive both students and their parents. The text of the press release issued yesterday: ” Sri Lanka CERT has received complaints from several parents and students who have lost hundreds of thousands of rupees after falling victim to advertisements posted on social media offering admission to foreign universities.

You may come across advertisements on social media claiming that students can gain admission to foreign universities, obtain visas to travel abroad, secure work permits for several years, and eventually even obtain citizenship in those countries.

Some of these advertisements are completely fraudulent. When you call the telephone numbers provided in such advertisements, the information you receive may sound highly attractive and convincing.

The scammers present themselves as representatives of some of the world’s leading universities. They claim that students can gain admission by paying only a registration fee and the tuition fees for the first semester. They may further claim that students can then find employment to cover their accommodation and food expenses. They may also tell students that they have opportunities to obtain scholarships for subsequent semesters.

The scammers may also instruct victims to create an email account or join a WhatsApp group. The information shared through these channels may include videos, photographs and other details about the relevant universities. The scammers present this information so convincingly that it may be difficult to suspect that the videos and photographs have been copied or stolen from online sources. The documents provided for registration may also closely resemble genuine documents issued by the respective universities.

They may then provide foreign bank account details for transferring the required payments. In this way, the scammers attempt to eliminate any remaining doubts that the victims may have.After victims transfer hundreds of thousands of rupees as registration fees and tuition fees for the initial study period, the scammers disappear.

Therefore, Sri Lanka CERT urges the public not to fall victim to such advertisements posted online and to select only legitimate university representatives who provide services through lawful and recognised channels.

Sri Lanka CERT further urges the public to carefully verify the authenticity of all documents provided by such individuals, as well as the bank account details to which payments are requested, before making any financial transactions.”

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Shiranthi receives treatment at National Eye Hospital

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Shiranthi

Former First Lady Shiranthi Rajapaksa yesterday (09) underwent an examination by a specialist at the National Eye Hospital. She was taken there, while in remand custody. Sources said that Mrs Rajapaksa had been previously referred to a prison medical specialist and on his advice was taken to the National Eye Hospital.

She has been remanded till 13 Oct by Colombo Additional Magistrate Darshima Premaratne. The former First Lady was produced before court over allegations that she had obtained Rs. 10 million from the National Savings Bank on the pretext of providing a CT scanner to the Lady Ridgeway Hospital for Children, through the ‘Siriya Saviya’ organisation, but didn’t do so, thereby misappropriated the government funds for her personal use.

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