News

The Irrigation Department has issued an alert warning of a heightened risk of flash floods in several parts of the country as heavy rains persist. According to the department, a low-pressure system near the South Andaman Sea is expected to trigger rainfall exceeding 200 mm across six provinces.

The advisory highlights the increased likelihood of severe rainfall in the Northern, North Central, Eastern, Southern, Uva, and Western Provinces, while other regions may also experience notable downpours.With the threat of flooding expected to continue from today (25) through November 30, authorities urge residents living in low-lying areas near river basins, as well as travelers passing through these zones, to exercise caution and stay alert to weather updates.

The Praja Shakthi Development Foundation says many young women who leave probation and child detention centres at age 18 are turning to sex work because they have no proper job training or support.

The foundation’s Executive Director, H. A. Lakshman, said most of these young women have faced sexual abuse or harassment before being placed in these centres by the courts. Others were sent there because they had no parents or family to care for them.

He said that when these young women leave these centres, they struggle to find jobs. With no training or protection, many choose sex work as the easiest way to earn money. Some are even abused again after returning to society, which pushes them further into this work.

Mr. Lakshman said the foundation does not pressure these young women to leave sex work but is ready to support any government programme that helps them find safer, better opportunities. Currently, around 10,000 female sex workers are registered with the foundation.

Deputy Minister of Women and Child Affairs Namal Sudarshana said it is difficult to confirm how many young women take up sex work, but admitted that those leaving detention often have no guardians or support.

He said the government is considering a proposal to allow these young women to stay in probation centres until age 20 or 21, instead of releasing them at 18. The Ministry also plans to offer training in cake making, beauty culture, and provide NVQ certificates to help them find proper employment.

(Source - Dailymirror)

The Inland Revenue Department (IRD) has announced a significant rise in taxpayer registrations, confirming that 200,000 new taxpayers have been added so far this year. In addition, 18,000 new companies have joined the tax system within the same period, according to Commissioner General Rukdevi Fernando.Addressing the media at the Government Information Department, Fernando noted that the IRD was assigned a revenue target that is 18% higher than last year. Despite the heightened goal, the department has already surpassed expectations.

She revealed that the IRD achieved its largest-ever weekly revenue collection recently, pushing total earnings past the Rs. 2 trillion mark. “To date, revenue collections stand at Rs. 2,080 billion,” she stated

Minister of Transport, Highways and Urban Development, Bimal Rathnayake, announced in Parliament today that installing CCTV cameras will become compulsory for all school vans starting next year.The Minister noted that incidents involving harassment of women and children in public transportation have been on the rise. He assured that the government is preparing a series of measures aimed at improving safety and preventing such behaviour in the future.

As part of these efforts, the Ministry will introduce a new regulatory framework for school transport and office transport services, which is set to take effect in January 2026.

Discussing the broader need to protect passengers, Minister Rathnayake said that public awareness and collective responsibility remain essential.
“The only way forward is to empower passengers. When someone tries to harass a woman or a child, others must step in instead of looking away. Unfortunately, there are challenges within the bus industry that make many people hesitant to intervene,” he told Parliament.

The Minister further stated that ongoing initiatives to standardize and professionalize the bus and three-wheeler sectors aim to move the industry away from unsafe and unregulated practices, establishing a safer and more accountable transportation system.

Two individuals have been taken into custody by the Financial Crimes Investigation Division (FCID) in connection with a financial fraud exceeding Rs. 35 million. Police said the pair allegedly deceived a private company by claiming they could provide Wi-Fi antennas, collecting approximately Rs. 36.99 million without delivering any equipment.

The suspects were summoned to the FCID on the 24th, where they were arrested following the recording of their statements. The men, aged 34 and 37, reside in Mattakkuliya and Wattala.They were produced before the Nugegoda Magistrate’s Court and were ordered to be remanded until December 05. The FCID has launched further investigations into the matter.

Prime Minister Dr. Harini Amarasuriya met with U.S. Ambassador to Sri Lanka Julie Chung at the Parliament premises to discuss strengthening bilateral cooperation in the fields of education and cultural exchange, the Prime Minister’s Media Division announced.

During the discussions, Ambassador Chung highlighted the continued progress of Peace Corps initiatives in Sri Lanka and outlined ongoing U.S.-supported educational and cultural exchange programmes, including the long-standing Fulbright international exchange program.

The Fulbright Program - considered the U.S. government’s premier academic and cultural exchange initiative-provides students, researchers, and scholars from more than 160 countries with opportunities to pursue higher studies, teach, conduct research, and promote intercultural understanding.

Prime Minister Amarasuriya emphasized Sri Lanka’s need for technical expertise within key institutions such as the Ministry of Education, the Department of Examinations, and the National Institute of Education. She underscored that such support is vital as the country works to reform its education system, moving away from an exam-heavy model toward formative assessments and collaborative learning methods.

The Prime Minister also highlighted the importance of developing emerging scholars whose knowledge and research align with Sri Lanka’s broader human development goals.

Senior representatives from both governments participated in the meeting. The U.S. delegation included Menaka Nayyar, Public Affairs Officer; Dr. Patrick McNamara, Executive Director of the U.S.-Sri Lanka Fulbright Commission; and Prof. Prabha Manuratne, Director of the Centre for Gender Equity/Equality and Prevention of SGBV and Ragging at the University Grants Commission.

Representing Sri Lanka were Sagarika Bogahawatta, Additional Secretary to the Prime Minister, and Pramuditha Manusighe, Director of the Europe and North America Division at the Ministry of Foreign Affairs.

The Department of Meteorology has warned of a significant increase in rainfall over the coming days, as a low-level atmospheric disturbance near Sri Lanka continues to develop.According to the Department, enhanced showery conditions are expected particularly in the Northern, North-Central, Eastern, and Uva Provinces starting today (25). Most areas of the island will experience overcast skies throughout the period.

Frequent showers or thundershowers are likely in the Northern, North-Central, Eastern and Uva Provinces, as well as the Hambantota and Matale districts, while other regions can expect rainfall mainly after 1:00 p.m.

Meteorologists caution that rainfall exceeding 100 mm may occur in parts of the Eastern, North-Central, Uva, and Southern Provinces, with fairly heavy falls above 75 mm possible elsewhere.Additionally, gusty winds around 40 km/h are expected at times in the Northern Province and Trincomalee district.

The public is advised to remain vigilant and take necessary safety measures to minimize risks associated with strong winds and lightning during thundershowers.

Sri Lanka’s once-resilient coconut industry is confronting one of its most difficult periods in decades, as production continues to fall and a fast-spreading leaf blight disease threatens plantations across key growing regions. Despite official optimism for a rebound in 2026 with the Coconut Cultivation Board (CCB) setting an ambitious target of 4.2 billion nuts—current data and field conditions suggest that the industry is under severe strain.

Central Bank figures for the first ten months of 2025 show the scale of the crisis. Coconut production declined to 1.92 billion nuts as of August 2025, a 4.8% drop compared to the same period last year. Farmers report lower yields, while exporters are under pressure as supply shortages grow more visible.

Paradoxically, export income surged 35% year-on-year to US$367.5 million, driven largely by higher international prices for desiccated coconut, coconut oil, and fibre-based products. This increase has masked the seriousness of the domestic supply decline, but industry analysts warn that continued production losses could eventually drag down export performance as well.

Prices in the local market reflect the tight supply. The average gross price of a coconut rose 53% to Rs. 138.25 by August 2025, placing pressure on households and domestic industries that rely heavily on coconuts for food manufacturing, cosmetics, and oil extraction.

CCB Chairman Dr. Sunimal Jayakody acknowledges that while Treasury funding for plantations has improved, several structural challenges remain. One of the most serious is leaf blight, a disease for which there is currently no effective treatment. The only available mitigation strategy is cutting and removing infected portions to prevent further spread. The disease has now been reported in Weligama, Matara, Galle, and Hambantota, raising alarms among cultivators and prompting rapid-response efforts by the CCB.

Agricultural experts warn that if the spread is not contained, Sri Lanka could face a long-term production slump that will affect both domestic supply—currently accounting for around 70% of annual output—and the export sector, which already faces a significant raw material shortage.

In his 2026 Budget speech, President Anura Kumara Dissanayake acknowledged the widening supply gap and announced new measures to boost long-term output. Sri Lanka typically produces 2.8 to 3 billion coconuts annually, but demand from households and industries has outpaced supply for years. To address this, the Government has allocated Rs. 600 million to expand cultivation in the Northern Coconut Triangle, backed by recommendations from the Coconut Research Institute.

However, one of the persistent challenges is the productivity gap between commercial growers and smallholders. Large estates use modern irrigation, fertiliser application, and moisture-retention techniques, but thousands of smallholders most owning less than five acres—struggle to adopt the same practices. The CCB’s mulching program has so far covered only 4,000 acres, a fraction of the estimated 447,000 acres under coconut nationwide.

To close the gap, the Government has proposed a Rs. 2.5 billion structured incentive program targeting smallholders, aiming to improve yields, strengthen disease-management capacity, and stabilise supply for exporters.

As 2025 draws to a close, the industry stands at a critical juncture. Without effective disease control and rapid intervention to raise productivity, Sri Lanka’s coconut sector—an essential agricultural pillar—could face deeper challenges in the years ahead.

Canada and India have agreed to restart stalled talks for a new trade deal, the Indian government said, after discussions between the two countries paused following a diplomatic spat two years ago.Prime Minister Mark Carney met with India’s Prime Minister Narendra Modi for a bilateral discussion on the sidelines of the G20 summit in Johannesburg, South Africa.

“The leaders agreed to begin negotiations on a high-ambition Comprehensive Economic Partnership Agreement (CEPA), aimed at doubling bilateral trade to USD 50 billion by 2030,” the statement from India’s Prime Minister’s Office said.

“Prime Minister @narendramodi and I met at the G20 Summit today, and launched negotiations for a trade deal that could more than double our trade to more than (C) $70 billion,” Carney said in a post on X. “India is the world’s fifth largest economy, and that means big new opportunities for Canadian workers and businesses.”

Both sides reaffirmed their longstanding civil nuclear cooperation and noted the ongoing discussions on expanding collaboration, including through long-term uranium supply arrangements, it added.

The restart of talks highlights thawing relations between the two countries as Carney pushes to expand trade ties beyond the U.S., its biggest trading partner.Carney has vowed to double Canada’s non-U.S. exports over the next decade.

Canada paused negotiations for a broad trade pact in 2023 after relations soured when Ottawa accused the Indian government of involvement in the killing of a Canadian Sikh separatist. New Delhi has denied involvement.

Despite the diplomatic row, trade between Canada and India has grown but trade experts say it is quite small relative to the size of India’s economy.

Two-way goods and services trade touched about C$31 billion ($21.98 billion) in 2024, largely in Canada’s favor due to its C$16 billion in services exports. In contrast, Canada’s total bilateral trade with China was almost four times bigger in 2024.

Relations between Canada and India began to improve following Modi’s meeting with Carney on the sidelines of the G7 summit in June.

Earlier on Sunday, Carney said he considers India a reliable trading partner, although he acknowledged there could be some “source of friction.”
He said Canada and India have a strong commercial relationship and he would be keen to scale that up.

“What we’re looking to do is to put that (commercial relationship) on a sound footing through a potential trade agreement between the two countries, which gives protections to our businesses, protections to Indian businesses, a clear set of rules, dispute mechanisms, and others, and build on those opportunities.”

Carney also met with Brazilian President Luiz Inácio Lula da Silva at the G20 summit and the leaders agreed to intensify negotiations on a Canada-Mercosur free trade agreement. Mercosur includes Brazil, Argentina, Paraguay and Uruguay.

( source : adaderana.lk)

Sri Lanka Customs is preparing to roll out a sweeping new regulatory framework for e-commerce imports, aiming to curb large-scale tax leakages and restore integrity to a sector that has rapidly expanded beyond the capacity of existing monitoring systems. The initiative, expected to be issued within weeks, marks one of the most significant interventions in the country’s digital trade environment in recent years.

Customs Director and Media Spokesperson Chandana Punchihewa confirmed that officials met with several leading e-commerce platforms on 17 November to outline the upcoming rules. He said the exponential growth of online shopping accelerated by widespread smartphone use, digital payments, and global marketplaces has made regulation essential.

According to Punchihewa, the surge in parcel imports following the application of the de minimis rule—which exempted low-value items from duties opened the door for widespread abuse. “We observed that e-commerce imports had become an illegal channel to import goods. Many high-value items were being declared as low-value parcels, causing massive revenue leakage,” he said.

Customs data shows that the misuse of the de minimis provision became so widespread that it distorted legitimate trade flows. Freight forwarders, clearing agents, and some platform sellers allegedly exploited loopholes by splitting high-value consignments into multiple small parcels or misdeclaring values to bypass taxes. With parcel volumes reaching unprecedented levels, the authorities concluded that the system had become unsustainable.

Following the recent removal of the de minimis rule, revenue from e-commerce imports has skyrocketed—quadrupling to nearly Rs. 600 billion in 2025 compared with Rs. 150 billion collected in 2024. This dramatic increase highlights both the scale of previous leakage and the potential for digital trade to be a major contributor to government finances if properly regulated.

Customs insiders note that beyond revenue, the regulatory overhaul aims to improve consumer protection, curb counterfeit goods, enhance border security, and bring informal traders into the formal economy. New measures are expected to include mandatory electronic documentation, verified seller identification, pre-arrival digital data submission, accurate valuation requirements, and closer coordination with courier companies.

Punchihewa noted that the regulations being drafted internally could be issued within two weeks. In parallel, Customs will recommend broader policy reforms to the Ministry of Finance, though these will require ministerial and Cabinet approval and therefore take longer. These may include revised thresholds, uniform tax treatment for online and offline purchases, and mandatory compliance standards for global e-commerce platforms operating in Sri Lanka.

Economists argue that modernising e-commerce governance is critical as Sri Lanka shifts towards a digital-first retail landscape. Stronger oversight can improve tax collection at a time of fiscal strain, while predictable and transparent rules may encourage foreign investment in logistics, warehousing, and digital trade infrastructure.

As Sri Lanka attempts to stabilise its economy, the Customs e-commerce initiative is poised to become a key component of revenue recovery, formalisation of digital trade, and improved monitoring of the country’s rapidly expanding online marketplace.

The 2026 budget of the Kandaketiya Pradeshiya Sabha, administered by the National People’s Power (NPP), was defeated for the second time this morning .The budget, re-submitted by Chairman Harsha Ratnayake without any revisions, received unanimous backing from all six NPP members in the council.

However, councillors representing other political parties voted collectively against it. Four members of the Samagi Jana Balawegaya (SJB), two from the Podujana Eksath Peramuna, two from the Sri Lanka Podujana Peramuna (SLPP), one from the United National Party (UNP), and one member of the Sarvajana Balaya opposed the proposal.

With the opposing side securing a four-vote majority, the Kandaketiya Pradeshiya Sabha budget was once again defeated at its second reading.

Sri Lanka’s efforts to declare its external debt restructuring “99 percent complete” are now facing sharp scrutiny, as official disclosures and creditor communications reveal that the restructuring of the Government-guaranteed SriLankan Airlines (SLA) US$175 million bond is far from settled contradicting public claims of an imminent breakthrough.

 Treasury Secretary Harshana Suriyapperuma, in a statement issued alongside a filing on the Singapore Exchange (SGX), described the agreement-in-principle with SLA bondholders as a major step towards “full normalization” of relations with international creditors. He asserted that the deal would allow the country to claim that “99 percent of our external debt will now be settled.”

However, the SGX filing the only legally binding disclosure tells a more cautious story. The document clarifies that the restructuring plan is not finalized. Instead, it remains an “agreement-in-principle” subject to multiple layers of approval, including clearance from the Official Creditor Committee and confirmation from the International Monetary Fund (IMF) to ensure the proposal aligns with long-term debt-sustainability assessments. Only after those confirmations can authorities move to implement the plan, with hopes of completion by year-end.

The restructuring covers SLA’s defaulted US$175 million guaranteed bond, which slipped into arrears after the 2022 debt moratorium. According to the terms disclosed to investors, SriLankan Airlines and the Government will make US$60 million available for a cash tender at 85 percent of each noteholder’s claim. For those opting to exchange their notes, the Government will issue new bonds at a rate of US$0.85 for every US$1 of outstanding claims. Non-consenting creditors will be forced into a less favourable exchange US$0.75 for every US$1 owed.

These new Government bonds will be issued through a tap of the existing 2028 sovereign bond and amortised in three instalments: April 2026 (27.4%), April 2027 (27.4%), and April 2028 (45.2%).

But the transaction can only move ahead if at least 75 percent of bondholders vote in favour of the restructuring at a formal meeting. This threshold remains a major obstacle, given that an influential Ad Hoc Group of bondholders controlling more than half the notes has yet to fully agree to the terms. SLA’s own August cleansing notice underscored this challenge, bluntly noting that “despite constructive discussions,” no agreement had been reached at the time.

SLA Chairman Sarath Ganegoda has expressed measured optimism, calling the agreement-in-principle an important milestone and a chance for the company to approach the future with greater confidence. But rating agencies remain unmoved. S&P Global continues to classify Sri Lanka as being in Selective Default specifically because the SLA guaranteed bond remains unresolved.

Adding to the uncertainty is a US$250 million holdout creditor in the sovereign bond stock—another critical barrier to the Government’s “99 percent” completion narrative.

As the year draws to a close, Sri Lanka’s restructuring process is undeniably in its final phase. Yet the unresolved SLA bond remains the last major hurdle and the Government’s ability to maintain credibility now depends entirely on whether creditors approve the proposal in the months ahead.