Essential food importers warn retail prices could rise 10–20% ahead of the Sinhala and Tamil New Year as higher bunker fuel, freight and war-risk insurance costs plus a weakening rupee lift landed costs, while assuring there are currently no shortages.
Rupee & ForexFuel & Energy PricesConsumer Staples (FMCG)
Focus Reliance Holdings won Best Microfinance Provider at the Global Business Excellence Awards 2025 and the Microfinance Leader Award at the People’s Excellency Awards 2024 for its microfinance services. The private firm offers diverse microfinance products and has expanded into distribution and retail with an FRH supermarket in Pitakotte.
Construction ActivityTourismConsumer Staples (FMCG)
ASPI fell 1.33% to 20,364.97 as the market reacted to Middle East tensions and rising crude oil prices. Market turnover was Rs.2.37bn, the market has lost over Rs.1.1tn since 28 Feb, primary negative contributors were DOCK, JKH, RIL, DIAL and CFIN, while JKH, SINS and DIAL saw largest foreign outflows and PKME, WIND and TAP largest inflows.
Fuel & Energy Prices
Daily FT·Mar 24, 2026·Award or certification·DFCC+2Positive
The SLID-KPMG Audit Committee Forum (9 Mar 2026) urged audit committees to oversee ESG reporting under SLFRS S1/S2; panellists from Aitken Spence, MAS, Lion Brewery and DFCC discussed governance, data controls, implementation and sustainable financing.
Sri Lanka's NCPI inflation fell to 1.6% year‑on‑year in February 2026, down from 2.4% in January 2026. Food inflation eased to 1.1% (from 3.4%) while non-food inflation rose to 1.9% (from 1.6%).
Iran says it will supply fuel and other essentials to Sri Lanka if requested, as Sri Lanka faces severe fuel shortages, a 25% recent price hike, aggressive rationing and reserves estimated to last six weeks. The government has imposed a four-day public-sector week and bears roughly LKR 20 billion monthly in fuel subsidies.
Asia shares fell while US 10-year Treasury yields hit an eight-month high of 4.415% as the Gulf war escalated and Brent oil traded around $112.62 a barrel, lifting inflation and pushing markets to price out rate cuts.
Interest RatesFuel & Energy PricesGold & Pawning
Ada Derana·Mar 23, 2026·Regulatory or legalNegative
Sri Lanka Bottled Water Association has asked President Dissanayake to revoke or suspend CAA Gazette No.2430/15 that sets MRPs for bottled water (e.g., Rs.70 for 500–999ml, Rs.100 for 1–1.499L). The group says rising fuel, PET, shipping and electricity costs make the fixed prices unsustainable for small and medium producers.
Antler Group's Britol range will use GP Certified recycled plastics to replace up to 40% of imported virgin plastic in some products, increasing certified recycled content in FMCG packaging. The initiative is positioned to support EPR compliance, strengthen local recycling and create jobs.
World Oral Health Day (March 20) urges attention to gum health, recommending brushing twice daily with fluoride toothpaste (e.g., Clogard Natural Salt), regular flossing and six-month dental checkups to prevent gum disease. The piece notes gum disease links to diabetes and cardiovascular risks and that early-stage disease is reversible.
Antler Group's Britol and GP Certified will replace up to 40% of imported virgin plastic with GP Certified recycled plastics in some Britol FMCG packaging, supporting EPR compliance, local recycling and job creation.
Cabinet approved amendments allowing arriving passengers to shop twice at the duty-free complex in Colombo Port City within four days while keeping the annual duty-free entitlement at $2,000; the regulations were gazetted (No. 2475/28, 13 Feb 2026) and will be presented to Parliament.
Colombo market rebounded as the ASPI rose 1.09% (222.54 pts) to 20,640.63 on turnover of Rs.5.27bn, while foreign investors were net sellers of Rs.191.2m. Banking led turnover (34%) driven by HNB crossings of Rs.607.7m; top movers included DOCK, RIL, AEL, MELS and ACL.
Fuel & Energy PricesIT & DigitalConsumer Staples (FMCG)
President Dissanayake said about 30 private firms have been given temporary licences to import fuel in US dollars to directly supply exporters and the tourism sector; he added LP gas, fertiliser and grain stocks are sufficient and delayed crude shipments (two of 90,000t) are expected soon, averting a crisis.
Fuel & Energy PricesTourismExportersConsumer Staples (FMCG)
Sri Lanka's economy expanded 5.0% in 2025, with Q4 growth slowing to 4.8% (from 5.4% in Q3). Industry led the expansion (7.8%) driven by construction, mining and manufacturing, while services grew 3.3% and agriculture 1.4%.
NPCI International plans to integrate UPI in Sri Lanka so Indian tourists can pay by scanning LankaQR at merchants, with facilities already available at Cinnamon Hotels and Keells; NIPL has also discussed scaling UPI with the Central Bank.
Chokolaate and The Shoppes at City of Dreams hosted "Celebrate the Hustle" on 8 March 2026, an International Women’s Day event featuring an Aspiring Entrepreneurs session with Chamathka and Parfumarie and brand activations including Basilur Tea and Zam Gems.
Maharaja Foods PLC listed 12,500,000 new ordinary voting shares on the CSE after a 10-for-1 rights issue at Rs.9, raising Rs.112.5 million. As of end-December 2025 the company reported stated capital of Rs.170.5m, retained earnings of Rs.107.5m, total assets of Rs.689m, net assets per share of Rs.2.30 and borrowings of about Rs.310m.
CBSL PMIs show expansion: Manufacturing PMI rose to 56.8 in February (from 56.1 in January) and Services PMI was 54.4 (down from 64.5), with a positive three‑month outlook ahead of festive demand but supply‑chain risks cited due to Middle East conflicts.
Prosoft Research's Consumer Sentiment Index fell to 86 in February 2026 from 89 in January. The firm cites remaining recovery gaps and disruptions from gas shortages and coal shipment issues, and warns sentiment could be further affected by the Middle East conflict.
Celeste announced an equity partnership with Sri Lankan music duo Bathiya and Santhush (BNS) as the quick-commerce and online supermarket celebrates six years and over 135,000 customers. The brand offers 24/7, 30-minute deliveries via UberEats and PickMe Market.
IT & DigitalConsumer Staples (FMCG)
Ada Derana·Mar 17, 2026·Promotional / marketingPositive
Samsung Sri Lanka launched two Double Door Inverter No Frost refrigerators (RT40H28WNQIG 253L at MRP LKR 159,999; RT40H30WNPIG 275L at MRP LKR 189,999) and a 12,000 BTU Twin Inverter AC (AR50H12D1JH/IG at MRP LKR 209,999) on 1 March 2026. The lineup — featuring SmartThings Wi‑Fi and energy-saving inverter tech — is sold island‑wide via authorised distributors including Singer and Softlogic, with 0% installment options.
NOLIMIT opened its 29th store in Kiribathgoda — a four-storey, 21,000 sq ft outlet at Udeshi City Shopping Complex on Makola Road — expanding its islandwide retail presence and product range to serve suburban customers.
Consumer Staples (FMCG)
Ada Derana·Mar 17, 2026·Promotional / marketingPositive
NPCI International has expanded UPI merchant acceptance in Sri Lanka, enabling Indian tourists to pay via LankaQR at major outlets including Cinnamon Hotels and Keells Supermarket to simplify cross-border digital payments and boost tourism-related spending.
Vision Care will be the Official Eyewear Partner for Colombo Fashion Week Summer Edition 2026 for the 13th consecutive year, spotlighting Persol and Michael Kors and offering its luxury eyewear range at the event from 1–4 April at City of Dreams.