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Call for ceasefire in the ME conflict will benefit Sri Lanka

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Chambers of Commerce and civil society urged to appeal

Former MP M.M. Zuhair has appreciated SJB leader Sajith Premadasa’s recent condemnation of Israel over the massacre of Palestinians.

The following is the full text of his statement:

In the context of the serious allegations of genocide made in protest marches worldwide, including in Israel, United States and Britain as well as the International Court of Justice (ICJ) and the UN Secretary General repeatedly demanding immediate ceasefire, the refusal of Israel to cease fire, deserves the condemnation of all who value human life, irrespective of nationality, ethnicity or religion.

At a meeting last Thursday in Batticaloa, Samagi Jana Balavegaya (SJB) leader Sajith Premadasa while condemning the unceasing Israeli massacres of thousands of Palestinian civilians, named “Israel as a terrorist State” and called for an immediate ceasefire! This call is timely and will be well received by millions of Sri Lankans as the widening of the conflict in the Arab world would adversely affect the economic interests of Sri Lanka. It is time that Sri Lankan civil society and chambers of commerce joined in urging for an immediate ceasefire.

This was the second time in two months that the SJB leader called for a ceasefire and declared Israel as a terrorist State! The previous castigation of Israel occurred on 13th May, at a protest march at Liberty Circle, Kollupitiya, in Colombo, when the SJB leader named Israel as a terrorist State annihilating with impunity the Palestinians, mostly women and children.

Of course there are those who are appreciative of Israel, for selling arms and ammunitions to Sri Lanka during the 30 year war with Tamil tigers, even as Israel deceived Sri Lanka during the war by training the LTTE on how to kill the Sri Lankan soldiers, as revealed by ex-Israeli Mossad agent Victor Ostrovsky in his 372 page book ‘By way of Deception’ published in the United States.

SJB’s Batticaloa declaration happened at a time when Israel’s Ambassador Naor Gilon with residence in New Delhi was in Sri Lanka. A media release by the President’s office said the Israeli Ambassador had ‘cordial discussions’ with President Ranil Wickremesinghe. President’s Chief of Staff and Senior Advisor on National Security Sagala Ratnayaka also attended the meeting but no further details of the matters discussed were revealed.

Palestine and its people have been oppressed and terrorized since 1917, when the British government, the then occupying colonial power, promised the World Zionist Federation founded in 1897, to support the establishment of a Jewish State in Palestine.  Palestine belongs to the Palestinians! The British had no ownership or prescriptive rights to gift to the Zionists, a country which it had occupied by force.

For the next 31 years following the 1917 illegal and abusive British announcement, not less than five Zionist organisations, some trained and supported by British forces, infiltrated Palestine and terrorized the Palestinians to flee. Palestinians then were mostly shepherds, fishermen and farmers with no fire power to resist. According to a 1923 census, Palestine comprised 80% Arab Muslims, 11% Arab Christians and 9% Jews. In 1948 Israel became the first racist State in the world to be established through terrorism!

The UN from day one, betrayed the Palestinians by recognizing Israel as a UN member State in 1948, virtually overnight! The UN ignored its own Charter! The then Security Council became the first violator of the Universal Declaration of Human Rights adopted by the United Nations in December 1948 by ignoring Palestine as a recognizable State. Never did the UN SC thereafter recognize Palestine as an UN Member State! In 2012, after 64 long years, the UN General Assembly granted Palestine “Non-Member Observer State” status in the UN. Shockingly, the UN is yet to recognize Palestine as a fully- fledged member with voting rights in the UN!

Meanwhile for the past 76 years, every Israeli government continued oppressing the Palestinians to abandon their homeland. Palestine was reduced to an open prison for the owners of the land, while the foreign European Zionist settlers’ occupying force controlled all parts of Palestine.

 During the last nine months the world continues to witness live media coverage of the virtually real-time murder of over 140 Palestinian civilians every single day and the destruction by bombing Palestinian homes, schools, hospitals and even cemeteries, while the greatest land robbery of our times is taking place by the Netanyahu led terrorist State, Israel. Most of Western media outlets are incredibly misleading the world, naming the Palestinians and Gaza’s democratically elected Hamas government, resisting the Israeli aggression of their homeland, as ‘terrorists’!

The number of officially counted Palestinians murdered by the Israeli regime with the complicity of mainly the US, UK and some EU countries  exceeds 140 per day for the past nine months, without the figures for those dead under the rubbles of bombed buildings, schools and hospitals being counted! The UN Security Council has failed to stop the Israeli murders of the Palestinians but that certainly will not be the end of Palestine, with the whole world becoming pro- Hamas and pro-Palestine.”



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Oil price falls back to pre-Iran war levels

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The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.

Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $73.23.

Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments.

The cost of crude has been moving sharply lower since the US and Iran signed a  Memorandum of  Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran’s nuclear programme and other measures to end the war.

Representatives from the two sides met in Switzerland last weekend for talks to end the war, which resulted in the US partially lifting sanctions on Iranian oil exports.

The number of vessels crossing the Strait of Hormuz has risen significantly since the MOU was signed, according to maritime intelligence firm Kpler.

Its latest data suggests 284 vessels have made the transit from 18 June, the day after the deal was signed, although that is is still well below the pre-conflict average of some 138 crossings each day.

The ships passing through the waterway in recent days include those carrying crude oil, liquefied natural gas (LNG), fertiliser and other goods, Kpler told the BBC.

The US and Iran had also formed a “communication line” to prevent misunderstandings “with the aim of safe passage for commercial vessels through the Strait of Hormuz”, mediators Qatar and Pakistan said in a joint statement on Monday.

There has been a “tremendous shift” with far more ships using the strait in recent days, said Dimitris Maniatis, the chief executive of Marisks, a maritime risk advisory firm working with ships stuck in the region.

A limited number of ships can cross a northern passageway with the permission of Iranian authorities, he said.

The US navy has also provided guidance for vessels to travel through a southern route that is safe from mines and other obstacles that has been laid out since the war, Maniatis said.

But the number of ships crossing the strait is still below levels seen before the war, when it was used by more than 100 ships a day.

Hundreds of ships still appear to be waiting in the Gulf.

A line chart showing how Brent crude oil prices have fluctuated since the USA and Israel attacked Iran on February 28th. The price rose rapidly above $80 from early March and peaked at just below $120 in April. The current rate as of 25 Jun 2026 is back down to below $80, similar to before the Iran war began.

Fuel prices at the pump rose sharply when the Iran war began, and now the focus is on how quickly they will fall.

“On the back of the lowest oil price since before the Iran war started, drivers should see the average price of petrol fall below 150p [a litre] in the next week or so,” said Simon Williams, head of policy at UK motoring group the RAC. He added the price of diesel “ought to go back under 160p.

Petrol peaked at 159.53p a litre on 28 May, according to the RAC, while diesel has fallen from a high of 191.54p on 15 April.

The average price of regular gasoline in the US has dropped to around $3.93 a gallon after reaching $4 a gallon in April, its highest since 2022, but is still well above pre-war levels.

US President Donald Trump on Wednesday ordered an investigation into major energy companies, accusing Shell, ExxonMobil and other firms of “gouging” drivers by not reducing fuel prices even as oil costs fell.

“Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” Trump told reporters in the Oval Office.

The American Petroleum Institute, which represents the oil and gas industry in the US, said fuel prices “don’t move in lockstep with crude oil”.

British energy firms have faced similar accusations of unfairly hiking petrol prices since the Iran war.

The UK competition watchdog said last month  that there was no widespread evidence of this, adding that average profit margins were “broadly unchanged” between February and March

(BBC)

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Representatives from the Ceylon Chamber of Commerce meet PM

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Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.

During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.

Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.

The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.

[Prime Minister’s Media Division]

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Progress of Housing Project for Malayagam Community families funded by India reviewed

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A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.

Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.

Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.

For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.

During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.

The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.

Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.

(PMD)

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