News
Govt promotes sea cucumber farming as fisheries sector recovers
By MELKISHIYA ANDREW
ECONOMYNEXT –Sri Lanka’s fisheries industry is gradually recovering from the last year’s shocks as currency stability returns followed by the continued fuel supply for boats to operate, an official said, while efforts are also being made to promote sea cucumber farming.In 2022, the fishing industry was hit by diesel and kerosene shortages as forex shortages intensified in the wake of two years of money printing.
Sri Lanka’s rupee which fell to 360/370 to the US dollar is now around 320/330 to the US dollar.
“This time we have a good season for the industry because fish are available, and engine oil is available”, S J Kahawatta Director General in The Department of Fisheries told EconomyNext.
“There are no shortages of fuel these days the prices of fish have dropped.”
Along with the fishing being restored, the ministry has also focused more on exporting sea cucumbers.
“There are many projects we are doing these days; we are doing a Sea cucumber project which has a big export market which is 4,000 acres in the North-East regions in the island,” Kahawatta said.
The demand for sea cucumber in the international market is growing.The price of one kilo of sea cucumber in the international market garners a value of Rs 20,000 to 30,000, he said.
According to Sri Lanka Export Development Board data, in 2022 the overall export performance for the total fish and fisheries products was valued at 290.75 million USD.In 2021, Sri Lanka exported a quantity of 25,178,685 kilos of fish totally and the value was 252,617 US dollars according to the Sri Lanka Export Development board report.
Latest News
Sun directly overhead Mannar, Periyamadu, Puliyankulam, Welioya and Pulmoddai about 12.11 noon today (30)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (30) are Mannar, Periyamadu, Puliyankulam, Welioya and
Pulmoddai about 12.11 noon.
News
Lanka tracks 11 US-sanctioned Iranian tankers off coast
(AFP) Sri Lanka’s maritime authorities were monitoring a fleet of 11 US-sanctioned Iranian oil tankers just off the island’s southern coast, the foreign minister said Wednesday.
The tankers were spotted close to the Galle harbour where an Iranian frigate, IRIS Dena, was sunk by a US submarine in March, killing 104 sailors. Sri Lanka’s navy rescued 32 Iranian sailors from that frigate.
Iranian vessels have been in limbo, unable to return to their home port because of a US blockade.
Sri Lanka’s Foreign minister Vijitha Herath said the tankers were in international waters where they had freedom of navigation.
“These ships are away from our territorial waters… we have no hold on them, nor have we facilitated them,” Herath told AFP.
The military deployed reconnaissance aircraft and patrol boats to monitor the vessels outside Sri Lanka’s 12-nautical-mile territorial waters, a military official told AFP on condition of anonymity.
“There is no indication of any ship-to-ship transfer of oil or illegal discharge of pollutants, so there is no basis for Sri Lankan authorities to take action against them,” the official said.
Many Iranian merchant vessels moved east towards the Strait of Malacca and Singapore due to US sanctions, while several remained near Sri Lankan waters, authorities said.
Sri Lankan officials said Washington had not formally notified Colombo about sanctioned Iranian-flagged vessels
News
House to debate abolition of Chief of Defence Staff post
Parliament is to debate next Wednesday the Government’s proposal to abolish the post of Chief of Defence Staff (CDS), with the Second Reading of the Chief of Defence Staff (Repeal) Bill scheduled for September 9.
The Bill seeks to repeal the Chief of Defence Staff Act No. 35 of 2009, which was introduced shortly after the end of the armed conflict.
According to Secretary General of Parliament Kushani Rohanadeera, Parliament will meet from September 8 to 11, with the business for the week approved by the Committee on Parliamentary Business chaired by Speaker Dr. Jagath Wickramaratne.
The debate on the Chief of Defence Staff (Repeal) Bill is scheduled to take place from 11.30 a.m. to 5 p.m. on Wednesday, following questions to the Prime Minister and other parliamentary business.
The CDS post was established under the 2009 Act as part of the country’s higher defence command structure.
On Tuesday, September 8, the House will consider two Orders published in Extraordinary Gazettes under the Motor Traffic Act from 11.30 a.m. to 5 p.m., followed by an Opposition motion at the adjournment.
On Thursday, September 10, Parliament will debate a Resolution under the Women’s Empowerment Act.
The final sitting day of the week, Friday, September 11, has been allocated from 11.30 a.m. to 5.30 p.m. for several Private Members’ Motions.
The motions will cover issues including regulation of the petroleum, fuel and water industries, measures to increase the birth rate, protection of the Diyagama Forest, pension deductions affecting Pirivena teachers, food-crop cultivation in mountainous areas, development of the Kithul industry and the establishment of a Faculty of Medicine at South Eastern University.
Questions at the adjournment will be taken up at the end of each sitting day.
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