News
13 containers of imported coconut oil under laboratory investigation for toxic substances
by Suresh Perera
Amidst allegations that consignments of contaminated coconut oil imported to the country have been cleared for release to the market by the Sri Lanka Standards Institution (SLSI), the head of the premier body dismissed the claims as “unfounded”, saying that samples of the 13 containers are still under testing for any harmful substances.
“The laboratory investigation is continuing and it will take another two days for the process to be completed”, said Dr. Nushad Perera, SLSI’s Chairman.
Referring to reports that SLSI officials had authorized the sale of 183,055 kilograms of coconut oil brought down to the country by four importers, he said these claims were far from the truth as the stocks have been sealed by the Customs until the sample testing is done.
Neither the SLSI nor the Customs or the Health Ministry Food Control Unit has given the green light for the consignments to be sold to consumers, Perera stressed.
The 13 containers were imported by four different suppliers, Ali Brothers (Pvt) Limited, Sena Mills Refineries, Edirisinghe Edible Oils and Katana Refineries, the SLSI said in a statement.
“They are longstanding importers of coconut oil”, it said.
The containers were detained by the Customs on suspicion that the stocks contained aflatoxins, a family of toxins produced by certain fungi found on agricultural crops. The main fungi that produce aflatoxins are Aspergillus flavus and Aspergillus parasiticus, which are abundant in warm and humid regions of the world.
In case any toxic substances are found, the Health Ministry will instruct the Customs to re-export the consignments, the SLSI chief said. “Otherwise, they will be allowed to be sold in the market”.
Both the Customs and the Consumer Affairs Authority (CAA) have confirmed that the 13 containers are still being held in warehouses until the outcome of the laboratory tests.
In the midst of allegations of contaminated coconut oil, industry sources claimed that the adulteration of the commodity happens in a big way in the marketplace.
Despite the big talk about raids by the CAA, it is common knowledge that coconut oil is adulterated with cheaper palm oil and sold to consumers at anything between Rs. 340-370 per 750ml bottle, the sources said.
Adulteration of the commodity is so common that it’s easier to find a needle in a haystack than pure coconut oil in the marketplace, they said.
All the noise about random checks by the CAA is absolute bunkum as those in the industry know that even rancid oil from wayside eating houses are collected, bleached and resold, they asserted.
“It is no secret that adulterated and rancid coconut oil can lead to serious health hazards as it contains carcinogenic free radicals, but does anybody in authority care?”, the sources queried.
The demand for coconut oil generally spikes during the Sinhala and Tamil New Year season as it is used for the preparation of traditional sweetmeats.
News
Sri Lanka, India caught in US-Iran ship crisis
By Shamindra Ferdinando
Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.
Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).
The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.
The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.
Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.
The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.
The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR
Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.
SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.
News
Namal further remanded
MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).
Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.
News
IMF projects Lankan economic growth to moderate amidst mounting global uncertainties
Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.
Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.
Unemployment is expected to remain steady at 3.9% throughout the forecast period.
The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.
Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.
The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.
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