Business
Green Minds: A new platform to rethink environmental governance in Sri Lanka
The Ministry of Environment yesterday launched a new knowledge-sharing platform titled Green Minds, aimed at strengthening environmental thinking and institutional capacity among public sector officials, at a time when Sri Lanka is facing mounting ecological stress and climate-related challenges.
The inaugural session of the monthly programme was held on February 12, 2026, at the Ministry auditorium under the patronage of Secretary to the Ministry of Environment, K. R. Uduwawala, with the participation of senior officials from the Ministry and its affiliated institutions.
Addressing the gathering, Secretary Uduwawala said that Green Minds was designed not merely as another training initiative, but as a thinking space for public officials to critically engage with emerging environmental concepts and global best practices.
“Environmental governance today is no longer limited to regulations and enforcement. It requires new ways of thinking, interdisciplinary approaches and continuous learning. Green Minds is intended to become a platform where officials can reflect, debate and update themselves on these evolving realities,” Uduwawala said.
He stressed that Sri Lanka’s environmental institutions must move beyond routine administrative practices and embrace knowledge-driven policy making, particularly in areas such as climate adaptation, biodiversity conservation, sustainable resource management and environmental justice.
The keynote lecture at the inaugural session was delivered by Senior Professor Siri Hettige, who spoke on the role of social sciences in achieving sustainable development in Sri Lanka. He highlighted the often overlooked social dimensions of environmental problems.
“Environmental issues are not purely scientific or technical. They are deeply social. Human behaviour, consumption patterns, inequality and governance structures all shape environmental outcomes,” Prof. Hettige said.
“If we want sustainability, we must understand society as much as we understand nature.”
He pointed out that many environmental policies fail because they do not adequately consider community realities, livelihoods and social power relations.
“You cannot conserve forests without understanding people. You cannot manage waste without understanding urban lifestyles. Sustainability is fundamentally a social project,” he added.
Following the keynote, a high-level panel discussion on strengthening environmental awareness brought together Prof. Hettige, Dr. Herath Vidyaratne, environmental policy analyst, Ravindra Kariyawasam, Adviser to the Minister of Environment, and S. C. Palamakumbura, Conservator General of Forests.
Kariyawasam said Sri Lanka was at a critical juncture where environmental decision making must be aligned with national development priorities.
“We can no longer treat the environment as a separate sector. It has to be integrated into economic planning, infrastructure development and social policy. Green Minds offers a space for officials to think beyond institutional silos,” he said.
Dr. Vidyaratne stressed that environmental literacy among state officials was essential in responding to complex challenges such as climate change, water scarcity and ecosystem degradation.
“The problems we face today are interconnected. Climate change is linked to food security, public health and migration. Officers need systems thinking, not just subject knowledge,” he said.
Meanwhile, Palamakumbura highlighted the importance of translating environmental awareness into institutional action.
“We have knowledge, laws and policies. What we need is consistent implementation and a shared environmental ethic across all institutions. Platforms like Green Minds can help build that collective responsibility,” he said.
He noted that forest conservation, wildlife protection and ecosystem restoration could not succeed without inter-agency cooperation and informed decision makers.
By Ifham Nizam
Business
SriLankan Airlines Resumes Flights to Riyadh and Dubai
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.
Business
Oil prices jump above $100 for first time in four years
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)
Business
CMTA warns buyers of long-term costs hidden in reconditioned vehicle imports
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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