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Ranawaka calls for novel digital security sticker as key weapon against counterfeit stickers in liquor bottles

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Chairman of the Parliamentary committee on Ways and Means, MP Patali Champika Ranawaka addressing the committee meeting last week. MP Ashok Abeysinghe is also in the picture.

Chairman of the Parliamentary Committee on Ways and Means, MP Patali Champika Ranawaka, last week proposed the introduction of a standardized digital security sticker for all alcohol manufacturers. The move aims to address the rising issue of counterfeit security stickers that have plagued the industry, parliament sources said.

Addressing a meeting with Excise Department top brass and Finance Ministry officials at a committee room in the parliamentary complex, Ranawaka emphasized that the proposed security sticker should provide consumers with the means to distinguish between genuine and counterfeit alcohol products through the use of QR codes. Additionally, it should enable consumers to ascertain the amount of direct tax payable to the Excise Department and the tax applicable to each specific product.

Concerning the ongoing crackdown on fake safety stickers, officers from the Excise Department revealed that raids targeting these fraudulent stickers have been conducted consistently. Shockingly, in over 90% of these raids, the seized stickers have been found to be counterfeit.

Frustration has mounted due to difficulties in tracking down the culprits responsible for affixing fake stickers to liquor bottles, prompting complaints to the Criminal Investigation Department. Determining the origin of these counterfeit stickers remains elusive, adding to the challenge of resolving the issue.

MP Ranawaka insisted on the need for a comprehensive report on whether retail alcohol establishments have removed these counterfeit stickers. He stressed the importance of sustained raids and announced that establishments producing bottles with counterfeit stickers would have their production licenses revoked from the date of the fine.

The Chairman further instructed the Excise Department to provide a report on fines collected for counterfeit stickers since September 7, 2023. Additionally, he ordered an assessment of the revenue lost by the Excise Department due to these counterfeit stickers and requested a report to be submitted to the committee.

The committee’s discussions also revealed that seven entities have defaulted on their excise duty payments. Notably, Globe Blender and Northwest Spirits stand out as the two entities that owe a substantial 1.5 billion rupees in unpaid taxes. These entities have been given until October 15 to submit tax payment plans, failing which their production licenses will be suspended by October 30.

The committee meeting saw the participation of Members of Parliament Dr. Harsha de Silva, Vasudeva Nanayakkara, Lasantha Alagiyawanna, Ashok Abeysinghe, alongside officials from the Excise Department, Local Income Tax, and the Ministry of Finance. The collective effort aims to combat the persistent issue of counterfeit alcohol security stickers and safeguard the industry’s integrity.



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Sri Lanka, India caught in US-Iran ship crisis

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By Shamindra Ferdinando

Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.

Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).

The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.

The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.

Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.

The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.

The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised 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 EEZ.

SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.

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Namal further remanded

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MP Namal Rajapaksa being brought to the Colombo Magistrate’s Court yesterday. Pic by Nishan S Priyantha

MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).

Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.

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IMF projects Lankan economic growth to moderate amidst mounting global uncertainties

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Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.

In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.

Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.

Unemployment is expected to remain steady at 3.9% throughout the forecast period.

The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.

Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.

The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.

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