Current account deficit widens in May, trade gap nearly doubles

Sri Lanka’s external current account remained under pressure in May, recording a second consecutive monthly deficit as a sharp rise in import expenditure due to the Middle East war, led by fuel and vehicles, outpaced robust export growth and offset continued strength in workers’ remittances.

According to the Central Bank’s latest External Sector Performance report, the current account recorded a deficit of $ 194.5 million in May, following April’s return to deficit, bringing the cumulative balance for the first five months of 2026 to a deficit of $ 96.7 million, down from a $ 1.29 billion surplus a year ago.

The Central Bank attributed the latest outturn mainly to a widening merchandise trade deficit and a contraction in the services surplus despite stronger remittance inflows.

The merchandise trade deficit widened to $ 967.9 million in May from $ 472.5 million a year earlier as import expenditure rose 45.4% year-on-year to $ 2.19 billion, significantly outpacing the 18.3% increase in merchandise exports to $ 1.22 billion. Over January to May, the trade deficit expanded to $ 4.66 billion from $ 2.73 billion in the corresponding period of last year.

The import bill was driven largely by higher fuel and motor vehicle imports. Fuel import expenditure more than doubled, rising 112% year-on-year to $ 536 million in May amid higher oil prices and import volumes, although it declined 39.5% compared with April.

Meanwhile, expenditure on imported motor vehicles, including personal and commercial vehicles, rose 20% month-on-month to $ 250 million, lifting cumulative vehicle imports during the first five months of the year to $ 1.07 billion.

The Central Bank also said Sri Lanka’s terms of trade deteriorated both in May and over the January-May period as import prices increased faster than export prices.

The services account continued to weaken. Its surplus contracted 36.8% year-on-year to $ 143.2 million in May as services outflows grew faster than inflows, while the cumulative surplus for the first five months declined 20.8% from a year earlier. Total services exports edged up 2.5% year-on-year to $ 475.3 million in May but remained 2.9% lower over the first five months of the year.

Tourism presented a mixed picture. Tourist arrivals increased 9.6% year-on-year in May to 145,745, taking arrivals past the one million mark during January-May. However, estimated tourism earnings declined 5.1% year-on-year to $ 155.7 million in May, while cumulative earnings fell 11.9% to $ 1.36 billion. The Central Bank noted that the Sri Lanka Tourism Development Authority revised its methodology for estimating tourism earnings in May and applied the new methodology retrospectively from January 2026.

Workers’ remittances remained the strongest support to the external account, increasing 32% year-on-year to $ 847 million in May and 26% over the first five months to $ 3.91 billion. The Central Bank noted that these figures may include other remittances, including those received following Cyclone Ditwah.

On the financial account, foreign investors recorded net outflows of $ 60.3 million from the Government securities market and $ 22.6 million from the Colombo Stock Exchange during May.

Gross official reserves stood at $ 6.9 billion at end-May, supported by the jointly disbursed sixth and seventh tranches under the IMF’s Extended Fund Facility despite sizeable external debt service payments and net foreign exchange sales by the Central Bank. The reserve stock provided an import cover of 3.5 months.

The Central Bank also noted that the rupee had depreciated by 7.9% against the US dollar on a year-to-date basis by end-June, reflecting external sector pressures arising from the conflict in the Middle East, while describing the movement as consistent with depreciation trends observed across peer economies.

Police bust illicit liquor factory disguised as bottled water business

Police have uncovered a large-scale illicit liquor manufacturing operation operating under the guise of a bottled drinking water business in Kaduwela, seizing more than 18,500 bottles of illegal liquor and arresting six suspects.

Acting on intelligence, officers of the Western Province North Crime Division raided premises on Sudarshana Road in Kaduwela on Saturday, where they discovered an alleged illegal liquor manufacturing facility concealed within a business purportedly engaged in the production and sale of bottled drinking water.

The raid resulted in the seizure of 18,575 bottles of locally manufactured liquor, each containing 180 ml, amounting to 3,345.5 litres. Police also recovered four one-litre bottles and one 750 ml bottle labelled as foreign liquor.

In addition, officers seized a bottle of ethanol suspected to have been used in the production process, equipment believed to have been used to manufacture the illicit liquor, and 50 grams and 200 milligrams of Kerala cannabis.

The six suspects, aged 30, 43, 58, 59 and 62, are residents of Mihintale, Maradana, Wattala, Webada South, Getalawa and Sippikulama.

Police suspect the operation had been functioning on a commercial scale and are investigating whether the illicit liquor was distributed to multiple areas while operating under the cover of a legitimate bottled water business.

Further investigations are being conducted by the Western Province North Crime Division.

IMF urges Govt. be bold on outstanding reforms

The International Monetary Fund (IMF) yesterday said Sri Lanka’s swift response to the economic fallout from the Middle East conflict had preserved macroeconomic and social stability, while urging the Government to pursue ‘bold reforms’ as it prepares for the Seventh Review of its Extended Fund Facility (EFF) arrangement.

The Fund said stronger, more durable and inclusive growth would require ‘bold reforms’ to improve the efficiency and fairness of the tax system, liberalise trade, address labour market rigidities and enhance the business environment to attract investment, create jobs and reduce poverty.

In a statement issued at the conclusion of a week-long staff visit to Colombo, the IMF said gains under Sri Lanka’s reform program had created the policy space to respond to the external shock, while reiterating the need to restore fiscal discipline, strengthen debt management and maintain prudent monetary and exchange rate policies.

An IMF team led by Evan Papageorgiou visited Colombo from 24 to 30 June to review recent macroeconomic developments and progress under the EFF-supported reform program.

At the conclusion of the visit, Papageorgiou issued the following statement:

‘The Middle East war has weighed on Sri Lanka’s economy. Headline inflation rose from 1.6% YoY in February 2026 to 5.5% YoY in May following energy price increases. Tourist arrivals growth softened and gross international reserves accumulation decelerated.

‘The Central Bank of Sri Lanka responded with a 100-basis point policy rate hike and deployed macroprudential measures. The Government rolled out a temporary, on-budget, relief package comprising fuel, electricity, and fertiliser subsidies, as well as cash transfers to the most vulnerable households. While uncertainty remains high, the recent decline in global commodity prices offers some relief from external pressures.

‘Staying the course on the reform agenda remains critical to solidify Sri Lanka’s recovery and to preserve fiscal and external sustainability.

‘Following fiscal easing in 2026, the authorities are committed to reverting to the primary balance target of 2.3% of GDP in 2027 to safeguard macroeconomic stability. Efforts to improve tax compliance, broaden the tax base, and enhance public financial management, including by preventing the re-emergence of expenditure arrears, should continue.

‘Resolving bottlenecks to spending execution-including disaster-related support-is imperative for effective post-cyclone recovery and reconstruction.

‘Accelerating the reform of state-owned enterprises and maintaining cost-recovery energy pricing are key to minimising fiscal risks. At the same time, the authorities should prioritise adequate targeting and coverage of social safety nets to protect vulnerable families.

‘While debt restructuring is nearing completion, progress toward building capacity of the Public Debt Management Office needs to accelerate to promote prudent debt management practices, deepen domestic debt markets, and support Sri Lanka’s eventual return to international capital markets.

‘Monetary policy should remain prudent, agile, and data-dependent to safeguard price stability under heightened global uncertainty.

‘Exchange rate flexibility is paramount to support external adjustment in the face of shocks without undermining reserve accumulation, with foreign exchange intervention limited to addressing excessive volatility. Balance of payments restrictions should be phased out. Strengthening operational risk, cybersecurity, and AML/CFT safeguards are essential for preserving financial stability.

‘Building resilience to shocks and achieving strong, durable, and inclusive growth requires steadfast implementation of governance reforms. It also requires bold reforms to improve the efficiency and fairness of the tax system, liberalise trade, address labour market rigidities, and enhance the business environment to attract investment, create jobs, and bring poverty rates down.

‘Sri Lanka’s program performance will be formally assessed in the context of the Seventh Review of the EFF. The dates of the mission will be announced in due time.

‘The mission held meetings with President and Finance Minister Anura Kumara Dissanayake, Prime Minister Dr. Harini Amarasuriya, Labour Minister and Deputy Finance and Planning Minister Prof. Anil Jayantha Fernando, Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe, Treasury Secretary Dr. Harshana Suriyapperuma, Senior Economic Adviser to the President Duminda Hulangamuwa, Chief Adviser to the President on Digital Economy Dr. Hans Wijayasuriya, and other senior Government and CBSL officials. The mission also met with representatives from the private sector, civil society organisations and development partners. We would like to thank the authorities for the excellent engagement during the visit,’ Papageorgiou said.

We had a plan to reduce fuel dependence. We cancelled it

Sri Lanka’s economic crisis exposed a critical weakness that continues to threaten the country’s stability: our heavy dependence on imported fuel.

Fuel quotas, import restrictions, and price increases may provide temporary relief during periods of shortage, but as long as millions of Sri Lankans rely on fuel-powered vehicles for their daily travel, the country will remain vulnerable to fuel shortages, foreign exchange pressures, and global energy shocks.

Sri Lanka spends billions of dollars each year importing fuel. In 2025 alone, fuel imports cost the country approximately $ 3.8 billon. At the same time, around 93% of land transport in Sri Lanka depends on roads, making the economy heavily reliant on petroleum-based transport.

Yet one of the most promising long-term solutions was already planned.

The Colombo Light Rail Transit (LRT) project was designed to make public transport efficient in the Western Province while reducing dependence on imported fuel. Backed by highly concessional Japanese financing and supported by years of planning and technical studies, the project had the potential to address several of Sri Lanka’s most pressing challenges. However, despite its strategic value, the project was cancelled before construction began.

The LRT should not be viewed simply as a transport project. It should be recognised as a strategic investment in energy security, economic resilience, and sustainable development.

The fuel crisis is also a transport crisis

A significant share of Sri Lanka’s fuel consumption comes from the transport sector. Every day, thousands of cars, motorcycles, vans, and buses enter Colombo, creating severe congestion and consuming large quantities of imported fuel.

Traffic congestion does more than inconvenience commuters. It wastes fuel, reduces productivity, increases pollution, and places a growing burden on the economy. Vehicles spend countless hours stuck in traffic, burning fuel while generating little economic value.

The events of 2022 demonstrated the risks of this dependence. Fuel shortages disrupted businesses, affected healthcare services, interrupted livelihoods, and created uncertainty across the country.

If Sri Lanka wants to reduce its vulnerability to fuel crises, it must provide people with a reliable alternative to private vehicle use.

Why the LRT matters

The proposed system would have operated primarily on electricity rather than imported petroleum products. This is where the LRT becomes more than a transport project.

Every commuter who shifts from a private vehicle or fuel-powered bus to an electric rail system reduces the country’s demand for imported fuel. When that shift occurs across thousands of daily journeys, the national impact becomes substantial.

The benefits are clear:

Lower fuel imports

Reduced pressure on foreign exchange reserves

Less traffic congestion

Higher productivity through shorter travel times

Lower carbon emissions

Greater protection against future fuel supply disruptions

In short, the LRT offers a practical solution to several national challenges through a single long-term investment.

The LRT was never just one rail line

Public discussion about the LRT often focuses on the proposed Malabe-Fort line. However, this was only the first stage of a much larger plan.

The project was intended to become the backbone of a modern public transport network across the Colombo Metropolitan Region. Future phases were expected to connect major residential areas, business districts, educational institutions, and transport hubs throughout the Western Province.

This broader vision is important because the Western Province contributes more than 40% of Sri Lanka’s GDP and serves as the country’s primary economic centre. Improving mobility within the region is therefore not simply a transport objective-it is an economic priority.

The cancellation of the LRT halted more than a single rail line. It halted the foundation of a long-term transport strategy designed to support the future growth and competitiveness of Sri Lanka’s most economically important region.

For example, studies indicated that the journey between Malabe and Colombo Fort could be completed in approximately 30 minutes, with trains operating at frequent intervals during peak periods. This would have provided commuters with a practical and reliable alternative to road travel.

A costly missed opportunity

The original project was supported by one of the most favourable financing arrangements ever offered for a major transport infrastructure project in Sri Lanka. Reports indicate that the Japanese loan carried an interest rate of approximately 0.1%, with a repayment period of 40 years and a grace period of 12 years.

Such financing is exceptionally rare. By cancelling the project, Sri Lanka not only lost the opportunity to build a modern public transport system but also incurred significant costs related to project termination and abandoned prep work. More importantly, the country lost valuable time. Years later, Sri Lanka continues to face many of the same challenges that the LRT was intended to address.

How the Government can move forward

Reviving the LRT does not mean starting from scratch. Much of the groundwork has already been completed, including feasibility studies, environmental assessments, route planning, and technical designs. The foundation already exists. The Government should consider the following steps:

Re-engage Japan and JICA: Japan has long been one of Sri Lanka’s most reliable development partners. Reopening discussions with JICA and the Japanese Government could help rebuild confidence and explore opportunities to revive the project and its financing arrangements.

Recognise the LRT as an energy security investment: The LRT should not be viewed solely as a transport project. It is also an investment in reducing fuel imports, strengthening energy security, and improving economic resilience. Reducing dependence on imported fuel is just as important as increasing export earnings.

Build an integrated public transport system: The success of the LRT depends on how well it connects with other forms of transport. Bus services, existing railway networks, and park-and-ride facilities should be integrated into a single system that makes public transport convenient and accessible.

Align the project with renewable energy goals: As Sri Lanka expands solar, wind, and other renewable energy sources, an electric rail system can increasingly operate using locally generated energy. This would further reduce dependence on imported fuel while strengthening national energy security.

Looking beyond the next crisis

The question is not whether Sri Lanka will face future fuel and energy challenges. Global energy markets remain uncertain, and fuel prices will continue to fluctuate.

The real question is whether Sri Lanka will continue relying on a transport system that increases fuel dependence, or invest in infrastructure that reduces it. The LRT offers an opportunity to address multiple national challenges at once: fuel dependence, traffic congestion, urban pollution, productivity losses, and long-term economic competitiveness. Reviving the project would demonstrate a commitment to long-term planning rather than short-term crisis management. Sri Lanka spends billions of dollars importing fuel every year, yet one of the country’s most important fuel-saving infrastructure projects remains unfinished.

The fuel crisis showed us the cost of dependence. The LRT offers a path toward resilience.

Sri Lanka should not wait for the next fuel crisis to recognise its value.

Sajith calls for National Climate Strategy

Opposition Leader Sajith Premadasa yesterday called for Sri Lanka to adopt a whole-of-government, science-based approach to climate resilience, warning that the country has only a ‘limited window’ to prepare for the anticipated 2026-2027 El Niño cycle, which could trigger prolonged droughts followed by severe flooding.

Addressing the National Council for Disaster Management (NCDM), chaired by President Anura Kumara Dissanayake, he stressed that climate security had become a national priority that transcends political divisions, urging all stakeholders to unite behind a long-term national resilience strategy.

‘When the lives, livelihoods and security of our people are at stake, there should be only one side, and that is Sri Lanka,’ Premadasa said, adding that his proposals were intended to constructively support the Government’s disaster preparedness efforts rather than criticise ongoing initiatives.

Citing global scientific assessments, he warned that the developing 2026-2027 El Niño-Southern Oscillation could rank among the strongest in recent decades, increasing the risk of ‘climate whiplash’, a pattern of prolonged drought followed by severe floods.

He also stressed that Sri Lanka could no longer rely on responding to disasters after they occur and must instead shift towards anticipatory governance driven by scientific forecasting, risk assessments and early preparedness.

Premadasa outlined three key priorities; making anticipatory governance the foundation of national disaster management, treating climate resilience as a whole-of-Government responsibility involving all key Ministries and agencies, and recognising that climate resilience is inseparable from economic resilience, with food, water, energy, public health, infrastructure and fiscal stability requiring an integrated policy response.

Among the measures proposed were strengthening climate preparedness, improving integrated reservoir management and water security, promoting climate-smart agriculture, modernising early warning systems through impact-based forecasting, expanding disaster risk financing, enhancing preparedness for heatwaves and public health emergencies, improving the resilience of critical infrastructure as well as establishing a National Climate Risk and Disaster Intelligence Centre to support evidence-based decision-making.

Premadasa also suggested the preparation of a Presidential White Paper on National Climate Resilience and Disaster Preparedness to provide a long-term policy framework that would outlast successive administrations. Pointing to resilience initiatives in India and Australia, he said Sri Lanka should draw on international best practices, while developing solutions suited to local conditions.

The Opposition Leader reiterated that climate change does not distinguish between governments and oppositions, political parties or communities, calling climate resilience a shared national responsibility that must be guided by science, strengthened through national unity and sustained by long-term strategic planning.

Dialog Introduces Motorola G35 5G and Motorola G57 5G

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of the Motorola G35 5G and Motorola G57 5G in partnership with Abans PLC, expanding access to affordable 5G smartphone experiences for customers across Sri Lanka. Introduced as part of Motorola’s latest 5G smartphone lineup, the devices combine stylish design, immersive entertainment features and reliable everyday performance, enabling customers to experience the power of Dialog 5G Ultra, Sri Lanka’s largest and fastest-growing 5G network, now powered by over 1,000 live 5G sites across all 25 districts.

Designed to support seamless connectivity, entertainment and multitasking for everyday users, the devices feature immersive 6.72-inch displays, Dolby Atmos dual stereo speakers and long-lasting battery performance.

Both smartphones are available with 8GB RAM and 128GB internal storage, supporting smooth application performance and everyday productivity. The devices also feature advanced camera systems, including 50MP rear cameras designed to support photography and video capture across a variety of environments.

The Motorola G35 5G and Motorola G57 5G support seamless connectivity on Dialog 5G Ultra, enabling faster streaming, downloads and everyday mobile experiences. Customers purchasing the devices are eligible for an exclusive 275GB free data offer for new 5G users, with affordability supported through Lesi Pay via an 18-month instalment scheme. The devices are priced at LKR 73,999 for the Motorola G35 5G and LKR 82,999 for the Motorola G57 5G and are now available through Dialog’s retail outlets and authorised channel partners across more than 120 outlets nationwide. For more information, visit https://dialog.lk/phones/motorola-g57-5g-8gb.

People’s Bank marks 65 years of banking excellence and national service

People’s Bank celebrated its 65th anniversary on 1 July, marking six and a half decades of dedicated service to the nation. Since its establishment in 1961, the Bank has played a pioneering role in expanding access to formal banking services, promoting financial inclusion, and supporting the country’s economic and social development. Today, People’s Bank continues to build on this proud legacy through innovative digital banking solutions that empower customers and reach even the most remote communities across Sri Lanka.

With consolidated assets exceeding Rs. 3.7 t, People’s Bank stands as a national leader, making a significant contribution to Sri Lanka’s socio-economic development. Its customer-centric approach has enabled the Bank to deliver a comprehensive range of financial solutions through innovative digital platforms.

Today, People’s Bank operates an extensive network of 745 branches and service centres, supported by more than 8,100 dedicated employees. The Bank’s forward-thinking network of over 300 Self Banking Units (SBUs) enables customers to access banking services 24 hours a day, seven days a week, without visiting a branch. Serving more than 15.2 m customers, People’s Bank holds the distinction of having the largest customer base among Sri Lanka’s commercial banks.

Last year, People’s Tower, the new head office building of People’s Bank, was ceremonially declared open at No. 374, Dr. Colvin R. de Silva Mawatha, Colombo 2. The opening of the new head office marked a significant milestone in the history of banking and finance in Sri Lanka. It symbolises not only the Bank’s growth but also the nation’s broader economic progress, while providing a strong foundation for the continued expansion of the Bank’s services.

Established under Act No. 29 of 1961 with the objective of strengthening the cooperative sector, rural banking, and local communities, People’s Bank was founded by the then Trade, Food, Co-operatives and Shipping Minister T. B. Ilangaratne, under the leadership of Prime Minister Sirimavo Bandaranaike. The Bank’s first Chairman, Vincent Subasinghe, played a pivotal role in transforming the cooperative banking sector by introducing Sinhala and Tamil into banking operations, making financial services more accessible to the wider public.

People’s Bank was the first to introduce a range of retail savings products, including children’s savings accounts and dedicated savings schemes for women. The Bank also pioneered pawning services in 1961 by offering enhanced security and attractive interest rates. These innovations revitalised the sector and helped cultivate a strong savings culture across the country. Beyond traditional banking, People’s Bank continues to play a vital role in national development by supporting key sectors such as exports, education, healthcare, agriculture, and infrastructure.

Responding to evolving customer needs, People’s Bank embarked on a comprehensive digital transformation journey in 2015. Since then, the Bank has introduced a range of innovative digital solutions, including paperless as well as virtual account opening, mobile banking apps, online loan applications, Internet Banking for both corporate and retail segments and a digital Wallet. Today, the Bank proudly serves more than 4 million digital customers, with over 80% of customer transactions now processed through digital channels. Demonstrating its ongoing commitment to customer service, People’s Bank also introduced an AI powered chatbot that provides 24/7 customer assistance.

Guided by its values of service and inclusion, People’s Bank continues to support community development through its flagship CSR program, Mahajana Mehewara, which focuses on improving access to education, healthcare, religious institutions, and environmental sustainability initiatives. This commitment to social responsibility complements the Bank’s broader mission of delivering superior banking services while uplifting communities across the country. In commemoration of its 65th anniversary, People’s Bank has also pledged Rs. 300 m to the Government’s Rebuilding Sri Lanka Fund to support the construction of a multi-storey housing project in the Nuwara Eliya District for families affected by Cyclone Ditwah.

People’s Bank’s excellence has been recognised through numerous local and international accolades, including awards at the Best Management Practices Company Awards, AICPA and CIMA – JXG Pinnacle Awards, National Business Excellence Awards, and LankaPay Technnovation Awards, as well as recognition from prestigious international organisations such as Euromoney, The Asian Banker, Asiamoney, World Finance, and The European.

As it celebrates 65 years of dedicated service, People’s Bank remains steadfast in its commitment to innovation, customer-centricity, and digital transformation, creating sustainable value for its stakeholders while supporting Sri Lanka’s journey towards inclusive economic growth.

CDB SMB Fair trailblazes in Kandy showcasing the best of local business

Under the umbrella of CDB’s Sustainability Strategy, the sixth Small and Medium Business (SMB) Fair emerged as a special initiative to champion local enterprise.

On 19 and 20 June, the Kandy’s Sahas Uyana transformed into a catalyst for empowerment, as Citizens Development Business Finance PLC (CDB) notched yet another milestone. Over two vibrant days, more than a thousand visitors per day experienced Sri Lanka’s digital marketplace, celebrating the diversity, resilience, and innovation of small and medium businesses across the nation.

The fair offered a rich tapestry of products and services – from food and beverage stalls to clothing and fashion retailers, accessories, batik creations, handmade bags and agricultural products. For participating merchants, the event was more than a showcase; it was a platform to connect directly with customers. There was a definite expression of appreciation for the opportunity given to merchants, who voiced strong interest in joining future editions. This underscored the fair’s growing reputation as a stimulus for small business growth.

Responding with great enthusiasm to particularly the exclusive 25% cashback offered through CDB SELF QR payments, visitors experienced the seamless digital payment firsthand. The enhanced convenience set a new benchmark for local fairs. Multiple stakeholders commended the initiative as a valuable effort to support Sri Lanka’s SMB community, espousing that it offered access to quality local products.

Senior Assistant General Manager – Finance Chamath Siriwardana emphasised that the fair was more than a marketplace. ‘What we experienced in Kandy surely epitomised the tagline – ‘The Best of Local Business, All in One Place.’ The vibrancy and dynamism of local businesses coming together for the first time in Kandy showcased a tangible impact. It also gave us the energy to go beyond simply showcasing the best of local businesses. We want to support excellence and commit to giving businesses a showcase to thrive.’

‘By empowering SMBs, we know that we are paving the way to create a definite growth trajectory for Sri Lanka’s economy. The Kandy edition has not only celebrated Sri Lankan enterprise but it has also set a replicable standard for future empowerment initiatives nationwide and CDB will be there, as a catalyst to empowering these businesses to be bigger and better,’ Siriwardana added.

Shan the Lionheart leads his pride to supremacy

While Trinity remained unbeaten showcasing a near-impeccable defence effort, Zahira grabbed the much-deserved runners-up title, not only to the jubilation of their fraternity, but also to the delight of all true rugby lovers of the Country. Special accolades should go out to their Head Coach Radhika Hettiarachchi who singlehandedly changed the face of Zahira Rugby last season. However, they were unsuccessful then, because of the mindless rugby that was played like headless Chickens. This season, their rugby was more structured, organized and a well-defined method to their madness prevailed, thanks to the addition of former Isipathana Coach Dhanushka Bothejo, and a few others.

The huge contrast in the two teams was evident right from the kick-off, although at the surface, both seemed to be playing similar style of attacking rugby. The difference was in the attitude and determination that was gushing out of the Royalists, due to the obvious reason of not being able to secure a single win in the Cup Segment so far, thus the urgency was at peak as this was their last chance.

This contrast propelled the Tuskers to dominate the game, and keep on attacking constantly, in spite of infringing heavily in the opening half. In addition and as forecasted, they kicked only to gain access to the Double Blues’ half, and then held a tight grip on the ball, either until they scored or infringed.

The Double Blues enjoyed another run of immaculate game discipline and stats, that kept the ferocious Tuskers at bay, although they couldn’t score as much, using the ball possession opportunities presented to them by the visitors.

Only 3 out of the 7 Royal penalties were conceded inside their own grid

Most of those penalties were conceded in sequence, starting from the Wesley’s grid, inviting the hosts all the way up to the private Royal quadrangle. Incidentally, the hosts scored both their Tries in this session, purely by undeniable penalty invitations with absolutely no option offered to RSVP.

While Royal maximised ball possession and relieved pressure by choosing to kick only at vantage points that got them into the opposition’s grid, Wesley ended up constantly kicking to exit their Killzone, that inadvertently got them into pressure situations continuously

Royal scored their first Try off a clearance kick executed without much forethought by Wesley, that landed in no man’s land, which was used to infiltrate a lightly defended part of the field

This is not the first time it happened in the history of schools’ rugby and it won’t be the last, but Royal scored a converted Try off the only knock-on committed by Wesley in this session, that occurred rather close to their 22 when catching a highball

The Tuskers mustered a much-refined game when they returned, but it is suspected that Wesley possibly munched into poisonous Melons during the break, as they let down their guards and displayed a horrid half of game discipline consisting of 3 yellow cards, that gave the charged-up Royalists exactly what they were yearning for, all along. However, they weren’t able to encash most of those opportunities due to imprecise ball handling, as the ‘delta loss in possession’ depicts.

However, the visitors managed to score only 2 Tries off the pelting penalties courtesy of the hosts, but they also scored a surprise Try off a lineout turnover inside Wesley’s 22

Wesley scored their only Try through a knock-on inside Royal’s 22, followed by an array of penalties

Shan ‘charismatic’ Althaf rallied and unified his pride of Lions with utmost confidence and thundered the last charge to reach the twilight goal, which brought abundant cheers of bliss that rolled throughout the venue. Instead of leading from the front, Shan led from behind, letting his pride shine with its skilled heroics, as he stepped onto the forefront only when necessary, to reliably and consistently provide the breaks that were required, with his high-energy burst plays throughout the season.

Trinity redefined defence in this encounter, where it was executed to near perfection in the opening half, but fell somewhat in the latter, where they defended with some degree of flaw, yet good enough to render the Peterites scoreless, although the final scorecard erroneously showed points for SPC, courtesy of Referee Ishanka Abeykoon. However, Trinity slumbered during their attacks with a busload of errors, that prevented them from reaching at least the mid-thirties, if not forties.

Although it was crystal clear that the memorandum sent to the starting 15 was to avoid unnecessary penalties, it was so hard to resist something that has become second nature, as the Peterites invited the visitors to help themselves with a head start by showering them with unwarranted penalties to trail by 7.

However, the Brigade commenced their attack with a plan, by patiently securing possession up until they approached the opposition 50, then only to kick precious possession away.

Subsequently, once they managed to cross over to the other side with ball in hand a while later, Trinity commenced pinning them down, and pushing them back with their repetitive darts of quick rush defences targeting the SPC Backs, hence they either had to revert to their Forwards, or kick the ball to gain territory

In addition, these rush defences caused a few but critical handling errors that halted some of SPC’s attacking efforts. Moreover, it didn’t seem like the hosts had a game plan to counter Trinity’s rush defences, or to surpass that much-expected hurdle.

To further add misery to SPC’s advancement, the ball was often quite slow to come out of the Rucks; Way too slow for the agility of Trinity, as their defence had sufficient time to sip a cup of tea, before getting back to their respective defensive positions, almost every time. Chipmunks could have retrieved stored food from their deep and complex 3D burrows much faster.

Apart from the other collective rugby blunders orchestrated perfectly to ruin every chance, Trinity lost two more attacking chances by knocking on twice inside Peter’s 40, while a forced knock-on right on the Tryline, disrupted a certain scoring opportunity

SPC started out the second half with another, totally avoidable ‘tackling in mid-air’ offense, coupled with a yellow card, thereby gifting three more points

A puzzling question popped up when the Peterites readily gave up a rare penalty opportunity inside the opposition’s grid, by taking the kick and missing it. Was this decision made out of the pure respect they had for Trinity’s lineout and Maul defences, or simply because they couldn’t count on their Forwards?

Trinity scored their last Try off another totally childish, and ‘my precious’ style ‘holding on’ penalty conceded inside SPC’s 22

St. Peter’s lost a certain scoring chance very close to the tryline by knocking on, out of manic desperation

The hosts knocked on again, but this time while grounding inside Trinity’s fortress, but Referee Ishanka proceeded to award the Try, ignoring a confident input by the Touch Judge, instead of opting to check the replay

Trinity infringed heavily while being attacked inside their redzone, but managed to defend every single intruding attempt by the desperate Peterites

Although Trinity won this game convincingly by demonstrating excellent defending skills, the array of elementary errors committed while attacking, made them look quite ordinary. An ordinary Trinity attack that makes so many mistakes, may offer an extraordinary Royal outfit, a lot to work with in a fortnight.

The ultimate top-notch entertainment that kept everyone guessing until the last second of the game was kicked off at Havelock Park with the Green Machine continuing their form in steadfast ball handling, that allowed them to take advantage of almost every opportunity presented to score points. It was also inevitable that at some point in the game, the ‘Pathana’ factor would affect the high-riding Zahirians psychologically, which occurred somewhere in the latter half, ignited by a minute error, that flipped the game on its head. It was a perfect example of the Butterfly effect, but confined within the game. Before getting into the details, let’s have a look at the full game stats.

Zahira committed a tad extra handling errors and offenses than they should have in this tight game, that bumped up the lost possession count to 30% more than Pathana’s.

Almost all the Tries scored in this game were due to penalties conceded by the other side, that made it quite easy for the attacking team to score.

Pathana scored a Try thru a 22m scrum that was awarded following a Forced KO

Zahira commenced attacking soon after the restart kick following Lemons, to score a Try without the assistance of penalties, or committing any themselves

When Zahira was leading 12-nil in the opening half, they opted to work a penalty that was awarded right in front of the giant sticks, but the subsequent grounding was held up. This may now come under scrutiny as Zahira lost the game, but this was a wise decision due to many reasons, regardless of the outcome. First and foremost, a champion team always goes for maximum points, relying solely on its skillsets, self-confidence and determination, whereas lack in confidence results in cowardly actions that consider only the present situation, instead of the endgame. Secondly, it is given that the Green Machine would come back strong later in the game, and they don’t care much for penalty points. Therefore, sufficient points had to be accumulated whenever the opportunity existed.

After the preceding held up situation, Zahira attacked following the goal line drop out by collecting the ball and weaving through the Pathana defence quite beautifully and effortlessly to create an overlap. However, the last pass to the farthest player on the blind side, who could have scored without any resistance, dropped the ball cold close to Pathana’s 5m line. Zahira’s defeat could be certainly attributed to this incident alone without any reservations. Incumbent Referee Raveen Alexander appeared to miss even ‘Elephants’ that are right in front of him, let alone groundings on thighs.

The error that swung the tides of the game occurred as Zahira was leading 19-7, when a trivial passing error created a slight manic state, which led to the ball being stolen by Pathana. This turnover instantly caused panic in the Zahira camp where pandemonium set in, commencing with two successive penalty advantages, followed by further back-to-back penalties until Pathana scored. Once the green dopamine kicked in, Pathana was in a different mindset and level of aggression, that caused further panic and turmoil that lead to a series of mistakes through which the hosts scored sufficient points to win the game.

President assures IMF reforms will stay on course, insists recovery must benefit people

President Anura Kumara Dissanayake yesterday reaffirmed the Government’s commitment to completing Sri Lanka’s IMF-supported reform program, while insisting that economic stabilisation must ultimately translate into tangible improvements in people’s living standards.

The assurance was given during a meeting at the Presidential Secretariat with an International Monetary Fund (IMF) delegation led by Deputy Director of the Asia and Pacific Department Sonali Jain-Chandra, which concluded a week-long visit to Colombo to review recent macroeconomic developments and progress under the Extended Fund Facility (EFF).

According to the President’s Media Division, President Dissanayake told the delegation that the Government remained fully committed to implementing the IMF-backed reform agenda, not because of external pressure, but because it viewed the reforms as essential to restoring economic stability and placing the country on a stronger long-term growth path.

While emphasising that macroeconomic stabilisation remains a key priority, the President said the Government’s broader objective was to ensure that the benefits of the recovery are felt directly by the public through improved livelihoods and higher living standards.

He acknowledged that the implementation of reforms had been complicated by a series of external shocks, including US tariffs, Cyclone Ditwah and the conflict in the Middle East, which disrupted economic activity and delayed progress. Despite these setbacks, he said the Government had acted swiftly to preserve macroeconomic and social stability and remained focused on maintaining the recovery momentum.

With less than a year remaining under the current EFF arrangement, the President said the Government’s priority was to complete the program successfully while ensuring that economic gains and stability are broadly shared across society.

He added that adherence to IMF program parameters was necessary to achieve sustainable long-term economic progress, while stressing that reforms were being implemented in a manner that maximised public benefit without imposing unnecessary burdens on the people.

President Dissanayake also described the relationship between the Government and the IMF as constructive, noting that both sides had demonstrated flexibility during the implementation process, enabling the reform agenda to proceed without major obstacles.

The meeting concluded with both sides reaffirming their commitment to continue working closely towards the successful implementation of the Extended Fund Facility program and securing lasting economic stability.

The IMF delegation comprised Sonali Jain-Chandra, Mission Chief Evan Papageorgiou, Resident Representative Martha Woldemichael, Enrique Flores Curiel, Ursula Wiriadinata, Yorbol Yakhshilikov, Maksym Markevych and Manavee Abeyawickrama.

Representing the Government were Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando, Central Bank Governor Dr. P. Nandalal Weerasinghe, Treasury Secretary Dr. Harshana Suriyapperuma, Senior Economic Adviser to the President Duminda Hulangamuwa, Senior Additional Secretary to the President G.M.R.D. Aponsu and other officials.