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Courts bar directors of X-Press Pearl local agent from overseas travel

January 28, 2026

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Daily FT

THE Attorney General informed the Supreme Court this week that Court orders have been secured to prevent the directors of the local agent company of the MV X-Press Pearl from leaving Sri Lanka.

Courts bar directors of X-Press Pearl local agent from overseas travel

Additional Solicitor General Nerin Pulle, appearing for the Attorney General, made the submission when several Fundamental Rights petitions connected to the X-Press Pearl incident were taken up to assess progress in implementing earlier Court directions.

He told Court that the travel restrictions were issued by the Colombo Magistrate’s Court and the Colombo High Court.

المزيد من القصص من Daily FT

Daily FT

CBSL steps up financial sector consolidation drive amid rapid credit expansion

Identifies three finance companies for consolidation under sector master plan; Governor Dr. Nandalal Weerasinghe says smaller commercial banks increasingly unable to survive independently; Specialised MSME-focused institutions exempt from consolidation push if capital remains adequate

time to read

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Daily FT

Temporary fuel subsidy risks undermining fiscal buffers

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Daily FT

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time to read

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Daily FT

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CSE sees third highest single-day points decline on global economic uncertainties

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time to read

2 mins

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Daily FT

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CBSL calms market nerves amid exchange rate volatility

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time to read

5 mins

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Daily FT

Mideast airports face $ 1 b loss amid conflict disruption

THE ongoing conflict in the Middle East has resulted in an estimated $ 900 million to $ 1 billion revenue loss for nine major Middle East airports over a two-month period, according to an assessment by Airports Council International Asia-Pacific and Middle East (ACI APAC and MID) in partnership with Flare Aviation Consulting.

time to read

1 mins

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Daily FT

IEA warns global oil stocks falling rapidly

THE International Energy Agency (IEA) yesterday warned that global commercial oil inventories are declining rapidly as supply disruptions linked to the Middle East conflict continue to strain energy markets despite coordinated releases from strategic reserves.

time to read

1 min

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Daily FT

Sajith warns against creating fear psychosis and criminalising tax payment delays

OPPOSITION Leader Sajith Premadasa yesterday criticised proposed amendments relating to tax enforcement, warning that penalising taxpayers unable to make payments due to legitimate reasons would undermine business confidence and democratic norms.

time to read

1 mins

May 19, 2026

Daily FT

Govt. allocates extra Rs. 2.5 b fertiliser support as Gulf tensions weigh on tea sector

Plantation Minister Samantha Vidyarathna acknowledges tea crop, exports suffered setback in 1Q due to adverse weather and ongoing instability in Middle East markets; Sets ambitious target of increasing tea export earnings to $ 2.5 b and production to 400 Mn/Kgs by 2030; Admits delay in receiving SVAT refunds; notes scheduled meeting with Finance Ministry to address issue

time to read

2 mins

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Daily FT

Sri Lanka 'A' Women pick squad for unofficial WT20I

SRI Lanka’s women cricket national selectors have retained 11 of the Sri Lanka ‘A’ Women players who figured in the three-match unofficial WODI series against New Zealand ‘A’ Women for the upcoming three-match unofficial WT20I series commencing at Dambulla on 21 May.

time to read

1 min

May 19, 2026

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