The evolving global situation and the escalating conflict in the Middle East requires coordinated measures to safeguard economic stability. The Ceylon Chamber remains ready to work with the Government in addressing potential economic risks and has outlined detailed policy recommendations.

The Chamber, in its submission of 11 March 2026, recommended a number of policy measures aimed at mitigating potential economic risks. These included prioritizing the continuation of the IMF programme and the timely receipt of upcoming tranches, as well as the introduction of a more dynamic fuel pricing mechanism and the re-introduction of the QR system for fuel distribution. The Chamber is pleased to note that steps have already been taken towards implementing these fuel-related measures.

The submission also recommended expediting fuel procurement, ensuring adequate fertilizer stocks for the upcoming cultivation season, and strengthening tourism promotion efforts, particularly targeting markets such as India and East Asia. In addition, the Chamber highlighted the need to accelerate port clearance processes to improve trade efficiency and review policies that may place additional pressure on foreign exchange reserves, particularly in the current environment of global uncertainty.

Building on these recommendations, the Chamber has this week proposed several additional measures aimed at ensuring the continuity of economic activity while prioritizing critical sectors.

The Chamber recommended that the Government designate a clear list of essential services and priority economic sectors to guide the allocation of key resources including fuel and foreign exchange in the event of supply disruptions.

Recommend to adopt a strategic approach to fuel procurement, including exploring supply arrangements with a broader pool of international suppliers. Ensuring the availability of aviation fuel was also highlighted as critical to sustaining inbound tourism.

The Chamber further proposed allowing licensed local bunkering companies to procure fuel independently for supply to export-oriented industries and tourism operators, potentially on a foreign currency basis. Similar arrangements were successfully utilized during the recent economic crisis to sustain key sectors without adding pressure on domestic fuel supplies.

To help reduce fuel consumption while maintaining economic activity, the Chamber also suggested that public and private sector institutions consider flexible work arrangements, including work-from-home options where feasible. Additionally, the Government may consider bringing forward the closure of schools and universities ahead of the upcoming Awurudu holidays, while temporarily utilizing online learning options where possible.

The Chamber also recommended that non-essential foreign currency outflows be temporarily limited, while prioritizing foreign exchange for critical imports such as fuel, food, pharmaceuticals, and inputs required for export industries.

The Ceylon Chamber emphasized that close coordination between the Government and the private sector will be critical in navigating potential global shocks and maintaining economic stability.

The Chamber stands ready to support the Government and relevant authorities in further refining these measures and facilitating dialogue with the private sector, while also noting the importance of keeping businesses informed of policy measures under consideration to enable effective planning and response.

Siyapatha Finance PLC, the largest subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise a maximum of Rs. 3.75 billion through its debenture issue. The Board of Directors approved the decision to raise funds through the issuance on the 26th August, 2025 and on the 28th October,2025.

Fitch Ratings has assigned Siyapatha Finance PLC ‘s (A (lka)/Stable) proposed Sri Lankan rupee -denominated subordinated debentures up to LKR 3.75 billion a final National Long-Term Rating of “BBB+(lka).”

The initial offering stands at Rs. 2 billion, with an option to extend by an additional Rs. 1.75 billion, bringing the total potential issuance to a maximum of Rs. 3.75 billion. With a five-year tenure, these debentures are poised to offer investors at a fixed interest of 11.50% p.a payable annually (AER 11.50%). .

The proceeds from this issuance are apportioned for the expansion of Siyapatha Financ PLC ‘s lending portfolio, highlighting the company’s commitment to fostering sustainable growth and strategic investment opportunities in alignment with its long-term vision.

“As Siyapatha Finance PLC reaffirms its commitment to fostering financial inclusivity and driving economic growth in Sri Lanka, we’re confident that this will enable us to continue providing innovative and sustainable financial solutions to our valued customers,” stated Mr. Mathisha Hewavitharana, Chief Executive Officer of Siyapatha Finance PLC.

Established in 2005 and regulated by the Central Bank of Sri Lanka (CBSL), Siyapatha Finance PLC has garnered and secured a reputation as a premier finance company, renowned for its commitment to excellence and customer-centric financial solutions. With a dedicated team of over 1,200 professionals, the company has expanded its footprint to encompass 61 branches strategically located across the island.

Lanka Business TV successfully concluded another impactful edition of its flagship “Wiyawasayakaya” Business and Investment Summit at the prestigious Radisson Blu Hotel, Galle. The one-day event drew a highly engaged crowd of more than 250 attendees — comprising entrepreneurs, aspiring business owners, investors, and members of the public keen to strengthen their economic and financial literacy.

The summit forms part of Lanka Business TV’s ongoing island-wide mission to democratize access to high-quality business education and investment knowledge.

Speaking at the event, Jayantha Kovilagodage, Founder and CEO of Lanka Business TV, emphasized the growing demand for such initiatives:

“We launched ‘Wiyawasayakaya’ with a clear purpose: to equip ordinary Sri Lankans with practical economic knowledge and confidence to make informed financial decisions. The tremendous response we continue to receive — this being the seventh successful summit across different districts — clearly demonstrates the vital need for these accessible, high-value platforms.”

Key Highlights of the Galle Summit

Keynote Address delivered by Dr. Ranil Sugathadasa, renowned CEO Advisor and Trainer.

Guest of Honour Speech by Dudley Sirisena, Chairman of the Araliya Group.

Expert-led sessions featuring:

Ruwan Perera, CEO – NDB Wealth Management

Dr. Chaminda Weerasiriwardena, Senior Psychological Counselor and Therapist

N.A. Aruna Wijesiri, Deputy Director – Central Bank of Sri Lanka

The programme combined strategic business insights, investment guidance, psychological aspects of entrepreneurship, and macroeconomic perspectives — delivering well-rounded value to participants.

Adding to the excitement, attendees participated in engaging activities and lucky draws. A major highlight was the grand prize: a return air ticket to Bangkok, which was awarded to one fortunate participant.

Buoyed by the consistent enthusiasm across the country, Lanka Business TV has already commenced planning for multiple “Wiyawasayakaya” summits throughout 2026, with the goal of reaching even more districts and communities.