News

Economic woes bound to worsen, warns Ranil

Published

4 years ago

2022/04/30

One-time Prime Minister and UNP Leader Ranil Wickremesinghe warned on Thursday that Sri Lankan economy would face tougher challenges in the coming months.

Wickremesinghe said electricity tariff and fuel prices would have to be further increased as a result of increasing losses of the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC).

“Last week, the Minister of Power and Energy told Parliament that the losses of the CEB in 2021 amounted Rs 79 billion. Some people say that this is an underestimation. The losses projected for 2022 amount to Rs 100 billion,” he said.

The loss incurred by the CPC for 2021 was Rs 83 billion.

“The daily loss of the CPC is Rs 327 million. The CPC losses are expected to reach USD 80 million in a few months’ time. Losses will increase further because of the rupee devaluation,” he said.

Wickremesinghe said both institutions had borrowed heavily from the People’s Bank and Bank of Ceylon. The two state owned banks were burdened with Srilankan Airlines as well, he said. Wickremesinghe said Sri Lanka had not issued International Sovereign Bonds since 2019 April and that too had affected the banks. The total amount due to the state banks was one trillion rupees.

“There will be an electricity tariff hike and further fuel price hikes to reduce losses. These measures will lead to other problems. The people in this country will have to bear this burden. So, we need to remedy the situation as soon as possible,” he said.

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Advisory for Severe Lightning issued to the Western and Sabaragamuwa provinces and Galle and Matara districts

Published

4 hours ago

2026/03/12

Priyan

Advisory for Severe Lightning Issued by the Natural Hazards Early Warning Centre at 12.30 noon 12 March 2026 valid for the period until 11.00 p.m. 12 March 2026

Thundershowers accompanied with severe lightning are likely to occur at some places in the Western and Sabaragamuwa provinces and in Galle and Matara districts after 2.00 p.m.

There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED:
The Department of Meteorology advises that people should:
 Seek shelter, preferably indoors and never under trees.
 Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
 Avoid using wired telephones and connected electric appliances during thunderstorms.
 Avoid using open vehicles, such as bicycles, tractors and boats etc.
 Beware of fallen trees and power lines.
 For emergency assistance contact the local disaster management authorities.

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Nasa spacecraft weighing 1,300lb due to re-enter Earth’s atmosphere

Published

5 hours ago

2026/03/12

Priyan

The two Van Allen Probes were launched in 2012 [BBC]

A Van Allen Probe spacecraft weighing more than 1,300lb (600kg) is expected to re-enter Earth’s atmosphere almost 14 years after its launch, Nasa says.

The spacecraft is projected to re-enter around 19:45 EDT (23:45 GMT) on Tuesday the US Space Force predicted, according to Nasa, though there is a 24-hour margin of “uncertainty” in the timing.

The Van Allen Probe A, which launched in 2012, is expected mostly to burn up as it travels through the atmosphere, though some components may survive.

The space agency said there is a one in 4,200 chance of being harmed by a piece of the probe, which it characterised as “low” risk.

The spacecraft and its twin, Van Allen Probe B, were on a mission to gather unprecedented data on Earth’s two permanent radiation belts.

It was not immediately clear where in Earth’s atmosphere the satellite is projected to re-enter. The BBC has contacted Nasa for further detail.

Nasa and the US Space Force have said they will monitor the re-entry and update any predictions.

The mission, which was originally designed to last two years, went on for almost seven. It ended after the spacecrafts ran out of fuel and were no longer able to orient themselves toward the Sun.

The probes flew through rings of charged particles trapped by Earth’s magnetic field from 2012 to 2019, in order to study how particles were gained and lost, per Nasa.

Those rings, called the Van Allen belts, shield Earth from cosmic radiation, solar storms and streaming solar wind, which are harmful to humans and can damage technology.

The mission made significant discoveries, including the first data that show the existence of a transient third radiation belt, which can form during times of intense solar activity, Nasa said.

Van Allen Probe B is not expected to re-enter the Earth’s atmosphere before 2030.

[BBC]

News

PM Visits the International Rice Research Institute (IRRI)

Published

7 hours ago

2026/03/12

Priyan

Prime Minister Dr. Harini Amarasuriya visited the International Rice Research Institute (IRRI) headquarters in Los Baños, Laguna, Philippines, on 11 March 2026, and held bilateral discussions with Yvonne Pinto, Director General of IRRI, focusing on strengthening cooperation in the field of rice research and sustainable agricultural development.

During the meeting, discussions centered on rice cultivation in Sri Lanka, including the key challenges faced by Sri Lankan paddy farmers. The Prime Minister highlighted issues affecting the sector such as productivity constraints, climate-related impacts, and the need to support farmers through improved agricultural practices and technological innovations.

Both sides also discussed the importance of introducing modern techniques and research-driven approaches to rice cultivation in order to enhance productivity and ensure long-term food security. In this regard, IRRI shared insights on ongoing global research initiatives aimed at improving rice varieties, strengthening climate resilience, and promoting sustainable farming practices.

The discussion further focused on the potential for expanded collaboration between Sri Lanka and IRRI, particularly in areas such as research partnerships, knowledge sharing, and capacity building for Sri Lankan agricultural institutions and farmers. The Prime Minister emphasized Sri Lanka’s interest in strengthening cooperation with IRRI to support the development of the country’s rice sector and to improve the livelihoods of paddy farmers.

The visit reaffirmed the importance of science-based agricultural innovation and international collaboration in addressing food security challenges and enhancing sustainable rice production in Sri Lanka.