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Ceylon Chamber of Commerce unveils Outlook 2025 Report

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Standing Left to Right - Sanjaya Ariyawansa, Romesh David, Ruvini Fernando, Dr. Chandranath Amarasekara, Dr. Shruti Lakhtakia, Bingumal Thewarathanthri

The 10th Annual Outlook Report 2025 was officially launched by the Ceylon Chamber of Commerce at the Economic Review and Outlook 2025 seminar. This year’s theme, “Consolidating Stability; Fostering Sustainable Growth”, encapsulates Sri Lanka’s progress toward economic recovery and resilience. The keynote address was delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, highlighting policy directions and economic priorities for 2025.

Organised by the Chamber’s Economic Intelligence Unit (EIU), the report provides a three-part analysis. The first section reviews Sri Lanka’s macroeconomic fundamentals, including growth, inflation, monetary policy, performance of the external, fiscal and the financial sector. The second section offers a detailed review and outlook for ten key sectors: agriculture, tourism, retail, apparel, digital and IT/BPO, energy, logistics and transport, banking and insurance, fisheries, and poultry. The final section presents a forward-looking analysis of global and regional economic trends, emphasizing their implications for Sri Lanka’s recovery and growth trajectory.

In his opening remarks, Duminda Hulangamuwa, Chairman of The Ceylon Chamber of Commerce, underscored the Chamber’s three-pillar strategy— Policy Advocacy, Engagement, and Market Access—which guides its efforts to support the business community and drive economic progress. He highlighted that while the EIU plays a critical role in policy advocacy, this seminar aligns with the Engagement pillar by fostering knowledge-sharing and dialogue on Sri Lanka’s economic outlook. Emphasizing the importance of leveraging Sri Lanka’s resilience, he stated, “This year’s report not only reflects on challenges but also provides a roadmap for sustainable growth and the reforms essential for long-term stability.”

Presenting the report, Senior Economist Sanjaya Ariyawansa highlighted Sri Lanka’s cautious optimism for 2025. Ariyawansa noted the critical role of structural reforms, stating, “Sustained fiscal discipline, governance improvements, and investments in digital infrastructure are vital to ensuring Sri Lanka’s economic recovery transitions into sustainable growth.”

A distinguished panel discussion followed, moderated by Ariyawansa. Panelists included: Bingumal Thewarathanthri, Chairman, Sri Lanka Banks Association & MD/CEO, Standard Chartered Bank Sri Lanka, Dr. Chandranath Amarasekara, Assistant Governor, Central Bank of Sri Lanka, Dr. Shruti Lakhtakia, Economist, The World Bank Sri Lanka Office, Ruvini Fernando, Head of Strategy, Deloitte Sri Lanka and Maldives and Romesh David, CEO, South Asia Gateway Terminals (SAGT)

The panel provided valuable insights into fiscal and monetary reforms, digital transformation, the investment climate, growth opporutntiies and challneges, and regional economic trends.



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Navy seizes a consignment of narcotics and apprehends 06 suspects in offshore operation

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Answering to the call of the national mission ‘A Nation United,’ the Navy has tightened its grip on the island’s maritime boundaries.

Striking deep in the southern waters, a successful naval mission
resulted in the seizure of a local fishing trawler  and six (06) suspects, foiling a major drug smuggling attempt.

The intercepted trawler, carrying 02 suspicious sacks, and suspects were escorted to the Dikowita Fisheries Harbour today (08 Mar 26).

A specialised inspection conducted by the Police Narcotic
Bureau (PNB) confirmed that the sacks contained more than 102kg of heroin and over 900g of cocaine.

The detection was inspected on-site by the Deputy Minister of Defence, Major General Aruna Jayasekara (Retd), alongside the Commander of the Navy, Vice Admiral Kanchana Banagoda.

Speaking on this occasion, the Deputy Minister emphasized that under the guidance of the President and the supervision of the Ministry of Defence, the Tri-Forces, Police, and intelligence
agencies have intensified the “A Nation United” national mission, leaving no stone unturned.

He noted that during 2025, the tri-forces and police, in coordination with domestic and international agencies, conducted numerous successful operations. Notably, the Navy seized over 75 billion rupees worth of narcotics.

Despite national disasters and the escalating global conflicts
and growing reports of vessel distress in Sri Lankan waters, the Sri Lanka Navy stands vigilant around the clock, tirelessly fulfilling its critical mission in alignment with international maritime conventions.

Accordingly, the Deputy Minister commended, on behalf of the President, the Navy’s vital role in ensuring public safety and protecting the youth from drugs.

Adding further, he declared drug trafficking has become a major menace, stressing that all of society, not just authorities, must help eradicate it. He urged traffickers and dealers to quit the trade, noting that drugs cannot enter the country by sea or air. Addicts were also urged to do away with the habit, as a huge amount of money is spent on their rehabilitation.

The Deputy Minister further stated that the toxic drugs seized will remain in highly secure custody until the conclusion of legal proceedings, and arrangements have been made to destroy a large quantity of toxic drugs and case exhibits for which legal proceedings have been completed.

He also emphasized that law enforcement agencies have been granted the opportunity to operate independently. Accordingly, the public was urged to provide information regarding drug
traffickers via the hotline numbers 1818 and 1997.

Additionally, the event acknowledged the responsible journalism carried out by media institutions and journalists in raising public awareness about the drug menace.

The multi-day fishing trawler, along with the haul of narcotics and 06 suspects was handed over to the Police Narcotic Bureau for further investigation and legal proceedings.

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Our goal is to build a “Thriving Nation” where a woman can walk without fear or doubt, where her talents are duly recognized, and where she can lead a life of dignity – PM

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Prime Minister Dr Harini Amarsooriya in her message on International Women’s Day 2026 says that the governments goal is to build a Thriving Nation where a woman can walk without fear or doubt, where her  talents are duly recognized, and where she can lead a life of dignity.

The PM’s message:

“I extend my greetings to all sisters and daughters in Sri Lanka and around the globe on the occasion of International Women’s Day.This year, the United Nations has declared the global theme for International Women’s Day as “Rights. Justice. Action. For ALL Women and Girls,” emphasizing the realization of rights, the delivery of justice, and meaningful action for all women and girls.

Women are the true pillar of Sri Lankan society and economy. The role they play within the family and in society has today become a decisive factor in shaping the future of our nation. Through the Government’s policy statement, “A Thriving Nation – A Beautiful Life,” we envision going beyond treating women as mere beneficiaries and recognizing them as active partners in national development, ensuring that they receive the dignity and opportunities they rightfully deserve.

Within our policy framework, special focus has been placed on women. We are committed to recognizing the economic contribution extended by women as housewives, promoting women’s entrepreneurship, and expanding access to the technical and financial support necessary for self-employment alongside strengthening the legal framework required to ensure women’s safety in public transport, workplaces, and within the family environment. Further, we are taking steps to create the environment to increase women’s representation in decision-making bodies at national and regional levels. Special attention is also being given to implementing targeted programmes aimed at improving women’s nutrition, reproductive health, and mental well-being.

Women are not a group seeking sympathy; they are vital social partners endowed with intelligence, resilience, and creativity. Our goal is to build a “Thriving Nation” where a woman can walk without fear or doubt, where her talents are duly recognized, and where she can lead a life of dignity

On this International Women’s Day, I sincerely hope that it marks the beginning of a new era in which the aspirations of all women in our country are realized as they shine before the world.

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Heat Index at Caution Level in the Sabaragamuwa, North-western and North-central provinces and in Colombo, Gampaha, Vavuniya, Mannar, Hambantota and Monaragala districts

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Warm Weather Advisory issued by the Natural Hazards Early Warning Centre of the Department of Meteorology  at 3.30 p.m. on 07 March 2026, valid for 08 March 2026.

Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Sabaragamuwa, North-western and North-central provinces and in Colombo, Gampaha, Vavuniya, Mannar, Hambantota and Monaragala districts

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED

Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

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