President Leads High-Level Strategy on Middle East Conflict Impact 📈

President Anura Kumara Dissanayake convened a high-level briefing to mitigate economic risks arising from the Middle East crisis. While current reserves are stable, officials were directed to implement proactive measures to protect national economic stability. • Energy & Logistics: Current fuel reserves are termed sufficient, but plans are being finalized to manage potential supply chain disruptions. Short-term use of the Hambantota Port is being considered to expand gas storage capacity. • Trade & Shipping: Strategies are in place to support shipping lines and prevent congestion at the Colombo Port, specifically addressing potential diversions from the Suez Canal and Strait of Hormuz. • Tourism & Food: The tourism sector is exploring alternative air traffic routes for European travelers. The Ministry of Trade confirmed that food stocks are currently adequate, with contingency plans ready for future volatility. • Investment & Tech: The President instructed the Ministry of Finance to develop a relief package to boost investment in modern technology, specifically targeting data centres and the digital economy. • Inflation Control: A primary directive was issued to prioritize inflation management and protect the livelihoods of citizens from potential global price shocks. _Status: Based on official presidential briefing data._