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Sri Lanka’s children paying the steepest price in the current crisis – UNICEF Regional Director for South Asia

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UNICEF Regional Director for South Asia George Laryea-Adjei speaks to a child in the course of his visit to Sri Lanka.

By Hiran H. Senewiratne

The Sri Lankan economic crisis continues to rattle the country and it is the poorest, most vulnerable among its girls and boys who are paying the steepest price, UNICEF Regional Director for South Asia, George Laryea-Adjei said.

“Sri Lanka, a country normally known for its rapid economic growth and booming tourism, is experiencing its worst economic crisis since Independence in 1948. Families are skipping regular meals as staple foods become unaffordable, Laryea-Adjei said at a media conference held at Movenpick hotel, Colombo last Friday. The Regional Director was on a visit to Sri Lanka to study sectors impacted by the economic crisis.

Laryea-Adjei added: ‘Children are going to bed hungry, unsure of where their next meal will come from – in a country which already had South Asia’s second highest rate of severe acute malnutrition.

‘Almost half of children in Sri Lanka already require some form of emergency assistance. The education of 4.8 million children, already severely hampered by two years of interrupted learning, is at risk as school attendance continues to be jeopardized.

‘Children’s education is being hindered by the current crisis in many ways; children no longer get the warm and nutritious meals that they used to have before the crisis; they lack basic stationery and their teachers struggle with transportation issues.

‘Reports are already emerging of an increase in abuse, exploitation and violence against children due to the mounting economic pressures and adding to that, there are already over 10,000 children in institutional care in Sri Lanka, mainly as a result of poverty.

‘Such institutions are not the best place for a child to grow up in, as they lack the bond of a family. Unfortunately, the current crisis is pushing more and more families to take their children to these institutions as they cannot afford to provide for them, including feeding.

‘If the current trends continue, hard-earned progress for children in Sri Lanka is at risk of being reversed and in some cases, erased permanently.

‘UNICEF has been in Sri Lanka for over 50 years. With the support of partners, we are distributing educational supplies, providing meals to pre-school children and are channeling badly needed

cash transfers to pregnant and breastfeeding mothers.

‘But if the crisis persists, much more is needed and we need to support them.

‘Children need to be placed squarely at the heart of the solution as the country works to resolve the crisis. Continuity of learning must be ensured for girls and boys of all ages, so that they can prepare for their future and are shielded from the threats of child labour, exploitation and gender-based violence. Central and primary health services must be prioritized, to protect women and children against life-threatening diseases and malnutrition.

‘Acute economic precarity and inflation across South Asia are poised to further threaten the lives of children – in a region which was already home to one fifth of the world’s extreme poor and profound hardships and inequities impacting children’s health, learning and safety, and in a region which was severely impacted by COVID-19.

‘If we do not act now to protect children against the worst effects of the global economic downturn, the children of the world’s most populated region will be plunged further into poverty – and their health, nutrition, learning and safety will be compromised.

‘We cannot let children pay the price for crises not of their making. We must act today to secure their futures tomorrow.’



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SriLankan Airlines Resumes Flights to Riyadh and Dubai

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09 March 2026; Colombo – SriLankan Airlines would like to inform passengers that it is resuming daily services to Riyadh tonight and Dubai tomorrow, while continuing to closely monitor the situation in the Middle East and prioritising the safety and wellbeing of its passengers and crew.

The following flights are scheduled to operate:

For more information please contact: 1979 (within Sri Lanka); +94 11 777 1979 (international); WhatsApp +94 74 444 1979 (chat only); your travel agent; visit www.srilankan.com; or follow us on social media.

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Oil prices jump above $100 for first time in four years

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Oil facilities in Tehran were hit by airstrikes at the weekend

Global oil prices have jumped above $100 (£75.11) a barrel for the first time since 2022 as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.

Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.

The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.

Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world.

Early on Monday in Asia, Brent crude was around 15.5% higher at $107.16, while Nymex light sweet was up by more than 17% at $106.77.

Stock markets in the Asia-Pacific region fell sharply in early trading on Monday, with Japan’s Nikkei 225 index down by more than 5% and the ASX 200 in Australia more than 3.5% lower.

Many in the markets predicted that oil would hit the $100 a barrel mark this week.

In the event it took about a minute to jump 10%, and then another 15 minutes to rise a further 10% in early Asian trading.

Last week the markets had been relatively relaxed about the seeming nightmare scenario for millions of barrels of crude and liquefied natural gas trapped in the Gulf, unable or unwilling to transit the Strait of Hormuz.

But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.

The question now is where does this go? Some analysts argue that if the shutdown in the strait lasts until the end of March, we could see record oil prices above $150 a barrel.

The existing rise is likely to further increase petrol prices, and those of important derivative products such as jet fuel and vital precursors for fertilisers.

The physical supplies from the Gulf are mainly consumed in Asia.

Already however there are signs that Asian consumers are bidding up prices for US gas, with some tankers originally heading for Europe turning around in the mid-Atlantic.

US President Donald Trump responded to the jump in prices by saying that short term rises were a “small price to pay” for removing Iran’s nuclear threat.

His energy secretary told US broadcasters on Sunday that Israel, not the US, was targeting Iran’s energy infrastructure, amid some concern about rising domestic pump prices caused by the war.

(BBC)

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CMTA warns buyers of long-term costs hidden in reconditioned vehicle imports

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The Ceylon Motor Traders’ Association (CMTA) has issued a stark cautionary note to prospective vehicle buyers, warning that the initial price advantage of reconditioned imports often masks significant long-term financial risks.

By highlighting a “structural imbalance” in the current duty valuation system – which allows near-identical vehicles to be imported under a 15% automatic depreciation bracket – the CMTA argues that the lack of manufacturer-backed warranties and tropicalised specifications in the grey market could lead to a “reconditioned trap” for unsuspecting consumers. For the savvy buyer, the association suggests that the true cost of ownership is increasingly tilting the scales in favour of brand-new vehicles from authorised agents.

If two identical 2026 models are sitting on different lots, and one is significantly cheaper because it was technically “registered and de-registered” abroad, the frugal buyer’s instinct is to take the discount. But the CMTA argues that this 15% depreciation benefit – intended for genuine used cars – is being leveraged as a loophole for zero-mileage vehicles.

For the savvy buyer, this raises a fundamental question of transparency. If the entry price of a vehicle is built on a “procedural” technicality rather than actual wear and tear, where else is the transparency lacking? Does the lower price reflect a genuine saving passed to the consumer, or does it mask a lack of manufacturer-backed after-sales support?

When a buyer chooses an authorised agent, they are essentially purchasing an insurance policy against the unknown. With a five-year manufacturer warranty, the financial burden of a faulty transmission or a software glitch stays with the global giant that built the car, not the local owner. In an era where vehicles are increasingly “computers on wheels,” the technical specialised tools and genuine parts held by authorised agents are no longer a luxury – they are a necessity for longevity.

The CMTA’s perspective also invites the buyer to look at the “Big Picture.” Every time a vehicle is imported under an under-declared value or an artificial depreciation bracket, it isn’t just a loss for the Treasury; it is a blow to the country’s foreign exchange discipline.

“A savvy buyer today is more informed than ever. They realize that a “cheap” import with no service history and no tropicalised specifications may eventually become a “minus” on the balance sheet. Frequent repairs and lower resale value can quickly evaporate the initial few lakhs saved at the point of purchase. Ultimately, the choice between brand new and used is a choice between certainty and speculation,” the Association says.

The CMTA is advocating for a level playing field where duty is based on true transaction value. Until that day comes, the burden of due diligence rests on the consumer. To be a “savvy buyer” in 2026 means looking past the showroom shine and asking: Who stands behind this car if something goes wrong tomorrow?

In conclusion, CMTA says,” For those seeking long-term peace of mind, the “brand new” path – supported by a transparent duty structure and a solid warranty – remains the gold standard for steering Sri Lanka’s complex automotive landscape.”

Before signing the papers on a reconditioned vehicle, the CMTA suggests buyers evaluate the four “minus” factors against a “brand new” purchase:

By Sanath Nanayakkare

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