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Lankan businesses linked to mega- Thai retailer at global sourcing event

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Expanding Sri Lanka’s export basket to Thailand, the Embassy and Permanent Mission of Sri Lanka in Bangkok, introduced the National Crafts Council of Sri Lanka and prominent Sri Lankan businesses to CP Group which owns renowned retail chains, Lotus’s, Macro and Seven Eleven in Thailand, a news release from the SL mission in Bangkok said last week.

“The CP Group Global Sourcing Expo was held at the Renaissance Bangkok Ratchaprasong Hotel, providing a dynamic platform for international business people and food producers to network, showcase their products and negotiate business deals with CP Foods and CP Group partners, including leading restaurant operators, hotels, and food service businesses both domestically and internationally. The goal was to offer Thai people access to high-quality food from around the world and to promote Thailand as a world food center, a news release from the embassy said.

The National Crafts Council of Sri Lanka, Eswaran Brothers Export (Pvt) Ltd, Excellensa Impex (Pvt) Ltd, Worga Naturals (Pvt) Ltd and Thevmika Traders showcased Ceylon tea, Handicrafts, Ceylon Cinnamon, King Coconut Water, Spices, Food items such as Sauces, Woodapple Jam, Mango Chutney, Mustard Cream, Cashew, Pickles etc. capturing the attention of attendees at the Expo.

A Tea Tasting Session was also organized by Eswaran Brothers Export (Pvt) Ltd at the Expo which provided an engaging and sensory experience for the visitors, further enhancing the appeal of Ceylon Tea.

Ambassador Chaminda Colonne and top executives from the CP Group along with ambassadors of Argentina, Australia, Ireland, Japan, Poland, New Zealand, Spain and the Director General of the Department of American and Pacific Affairs of the Ministry of Foreign Affairs of Thailand joined the inauguration of CP Group Global Sourcing Expo, the release said.

During the inauguration, Chief Executive Officer of CP Foods PC said they initiated this Business Matching event to promote the growth of SMEs in the countries where CP Group operates, while also giving Thai entrepreneurs, such as restaurants, access to a wider variety of products, offering new choices for the Thai food industry.



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Surcharge on vehicle imports irks SJB, pleases ex-Finance Minister

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Opposition and SJB Leader Sajith Premadasa has launched a scathing attack on the government for the 50% Customs duty surcharge on vehicle imports, accusing the latter of burdening the public with additional costs, despite its earlier promises to make vehicles more affordable.

Addressing the media in Tissamaharama, on Saturday, Premadasa said those who had once pledged to make a Vitz car available for Rs. 1.2 million had now moved in the opposite direction by increasing duties on vehicles.

Premadasa questioned assurances given by Deputy Finance Minister Dr. Anil Jayantha Fernando that vehicle prices would not significantly increase due to the surcharge, asserting that the President, the government and its 159 Members of Parliament must take responsibility for the consequences of the decision.

The Opposition Leader also voiced concern over the depreciation of the rupee, warning that the local currency was weakening rapidly against the US dollar and that continued depreciation would lead to higher inflation, rising commodity prices and further increases in the cost of living.

He said economic stabilisation could only be achieved through stronger export earnings, growth in the tourism sector, higher foreign remittances and increased Foreign Direct Investments (FDIs).

Premadasa further accused the President, the Finance Minister and the Government of lacking a basic understanding of economics, claiming that repeated policy mistakes had adversely affected the economy and the public.

He called for an increase in subsidies, arguing that rising living costs were placing families under severe financial strain and affecting their ability to look after their families.

Premadasa added that shoring up foreign reserves and arresting the depreciation of the rupee would be critical in meeting debt obligations and safeguarding public welfare.

Meanwhile, the Vehicle Importers Association of Sri Lanka (VIASL) warned that the Customs duty surcharge would lead to steep increases in vehicle prices, further reducing affordability for consumers.

VIASL spokesperson Arosha Rodrigo told the media that the surcharge, introduced through a gazette notification, had come on top of existing customs duties and the depreciation of the rupee against the US dollar.

“Vehicle prices are rising at a rate that no one can afford. The new surcharge on top of this is unbearable for vehicle importers. Many vehicles will increase by Rs. 1.5 million to Rs. 2.5 million,” Rodrigo said.

He explained that customs duties on all vehicles, whether imported privately or through dealerships, would rise due to the duty surcharge.

Responding to mounting criticism, Deputy Finance Minister Dr. Anil Jayantha urged the public not to be misled by what he described as false claims that vehicle prices would rise by 150% due to the surcharge.

Dr. Jayantha said misinformation was being circulated regarding the surcharge and insisted that claims of a 150% increase in taxes or vehicle prices were “completely false.”

He explained that the temporary three-month surcharge was intended to delay non-essential private vehicle imports and reduce pressure on foreign exchange reserves during a period of economic uncertainty.

“The message we are giving is simple: if you can postpone importing a vehicle for personal use, please do so. This is not a move intended to increase vehicle prices,” he said.

According to the Deputy Minister, existing taxes on vehicle imports were already at approximately 130%, and the newly announced surcharge mechanism had been widely misunderstood in public discourse.

He further clarified that vehicles imported under Letters of Credit opened on or before May 15, 2026, would not be affected by the revised tax structure.

“Even if those vehicles arrive months later, they will continue to be taxed under the previous rates. The new tax structure only applies to LCs opened after May 15,” Dr. Jayantha said.

He also stressed that there was no reason for consumers to rush to purchase vehicles, fearing price increases.

Dr. Jayantha noted that motorcycles, three-wheelers and vehicles imported for commercial purposes had been excluded from the temporary measure.

He maintained that the policy was aimed at managing pressure on foreign exchange reserves, maintaining economic stability and curbing unnecessary import demand during the three-month period.

Meanwhile, former Finance Minister Ali Sabry, in a social media post, has endorsed the government’s decision to impose a 50% Customs duty surcharge on vehicle imports, calling a timely intervention to protect the country’s foreign currency reserves. He has said it is a necessary safeguard.

“The Government’s decision to impose a 50% surcharge on the import of vehicles, in the midst of escalating global uncertainty and external pressures, is a prudent and timely measure aimed at protecting Sri Lanka’s fragile external sector and preserving scarce foreign exchange reserves,” Sabry said in a statement on social media.

He has also praised the government’s decision to exempt the Letters of Credit opened on or before May 15, 2026, from the surcharge. “It avoids unnecessary uncertainty, prevents retrospective complications, and protects already embattled importers from further hardship and arbitrary administrative difficulties. In times of crisis, clarity, consistency, and fairness in implementation are just as important as the policy itself,” the former Minister has said, warning that Sri Lanka’s recovery remains vulnerable to global conflicts that disrupt energy markets, trade routes, supply chains, investor confidence, tourism, and financing conditions.

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Bill to repeal Chief of Defence Staff Act gazetted

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A Bill seeking to repeal the Chief of Defence Staff Act No. 35 of 2009 has been published in an extraordinary gazette notification, paving the way for the abolition of the post of Chief of Defence Staff.

The draft legislation, titled the “Repeal of the Chief of Defence Staff Act, 2026,” was published in the Government Gazette on May 15 under instructions of the Minister of Defence, according to official sources.

The Bill seeks to repeal the existing law and provide for matters connected with and incidental to its repeal.

Under the proposed legislation, the office of the Chief of Defence Staff will cease to exist from the date the new Act comes into operation. The incumbent holding the post will thereafter be reassigned to the respective armed service to which he belongs.

The draft Bill further stipulates that all movable and immovable property belonging to the Office of the Chief of Defence Staff will be vested in the Ministry in charge of the subject of defence once the Act takes effect.

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Preventing teenage pregnancies: Police ask parents to pay more attention to children’s emotional needs

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Police have raised concerns over a growing number of teenage pregnancies in Sri Lanka, urging parents and communities to strengthen family bonds and remain vigilant to protect children from exploitation and abuse.

Issuing a public awareness statement, the Police Media Division has identified the weakening of emotional bonds within families as a key sociological factor contributing to the increase in teenage pregnancies.

Police have said that increasingly demanding lifestyles have reduced the amount of time some parents spend with their children, understanding the latter’s emotional needs, daily activities and personal concerns, particularly those of young girls.

According to complaints received by police stations, some girls seek affection, care and emotional support from individuals outside the family when they feel neglected or deprived of attention at home.

“In many cases, girls turn to mobile phones and social media as a substitute for emotional support when they become distant from their parents,” police have said.

Parents and children are urged to report incidents of abuse, exploitation or harm to the nearest police station or through emergency hotlines 119, 118, 109 and 107.

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