News
Rear Admiral Kanchana Banagoda appointed Chief of Staff of Sri Lanka Navy
Rear Admiral Kanchana Banagoda has been appointed as the Chief of Staff of Sri Lanka Navy with effect from Aug 16th 2024.
Rear Admiral Kanchana Banagoda is a distinguished old boy of S. Thomas’ College, Bandarawela. He joined the Sri Lanka Navy in 1989 as an Officer Cadet of 19th intake, in the Executive branch. On successful completion of his basic training from the Naval and Maritime Academy, Trincomalee, he was commissioned as a Sub Lieutenant in 1991. The senior officer completed his Sub Lieutenant Technical Course at the Naval and Maritime Academy in 1993 and specialized in Anti-Submarine Warfare from Indian Naval Ship Venduruthy in 2000. Advancing steadily in his professional journey, the senior officer reached the rank of Rear Admiral on 04th May 2022.
He completed the Staff Course at the Defence Services Command and Staff College, Bangladesh in 2009 and earned a Master of Business Administration degree in Human Resource Management from the Open University of Sri Lanka in 2015. He obtained a Master’s Degree in Maritime Policy from the University of Wollongong, Australia, in 2019 and attended the National Defence Course in National Security and Strategic Studies at the National Defence University, Colombo, in 2021.
Rear Admiral Banagoda has been bestowed Rana Sura Padakkama and Uththama Sewa Padakkama (USP).
Rear Admiral Kanchana Banagoda has had the privilege of commanding various Fast Attack Craft, Ships and Establishments in the Sri Lanka Navy. Among some of the other appointments he held; Director Naval Training, Commander Southeastern Naval Area, Commander North Central Naval Area and Commander Northern Naval Area stood prominent. Prior to being appointed as Chief of Staff of the Sri Lanka Navy, he was discharging duties as Commander Eastern Naval Area.
Rear Admiral Kanchana Banagoda is married to Anusha Banagoda and they are blessed with a daughter Amavi and a son Himeth.
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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