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CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-income earners

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Dr. Weerasinghe

The government should do more to protect low-income earners, the Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Thursday (21) during a televised interview.

He said that during the economic crisis and due to high inflation, a lot of people in the SME sector lost their jobs.

“Who were the worst affected people in the country? The poor. In this kind of situation, the government has to look after them. The ability of the government to help through programmes like Aswesuma comes from its tax revenue. This is why tax policy is important,” he said.

He also said the tax net should be expanded to include everyone who can pay taxes.This money can be used on people that need help. He said there should not be any tax exemption to any industrial sector.

“Tax policy has to be fair and broad-based. Everyone should pay the 18 percent VAT, except the exporters. When it comes to personal tax, high income earners must pay more. We have an 8.5 million labour force in this country. All taxpayers are less than half a million people,” he said.

There should also be strong institutional reforms to strengthen tax collection, he added.

Dr. Weerasinghe said the current tax rates are high, but the tax collection is still not sufficient. If the tax burden is shared by everyone, the taxes can be brought down, he said.

“Tax evasion is a serious issue in this country. Some people pay high taxes, while others evade taxes. We need strong institutional reforms. Inland Revenue, Customs need to be strengthened. Digitalisation and information availability are essential for this,” he said.

People should do fewer transactions using cash and businesses should not be keeping two books, he said.

“A lot of businesses keep two books. One for taxes and the other for their operational use. Tax authorities should be able to catch these people.”The Governor said the country is on the right track and the economic recovery process has begun.



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Navy Commander attends Trans-Regional Seapower Symposium in Italy

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The Commander of the Sri Lanka Navy, Vice Admiral Damian Fernando attended the 15th edition of Trans-Regional Seapower Symposium, organised by the Italian Navy in Venice in Italy, on 6 and 7 October 2026.

The symposium was held at the Italian Navy‟s historic Arsenal in Venice under the theme “From Regional Waters to Global Influence: Generating Effects Across the Midland Seas of the World”.

Organised biennially by the Italian Navy since 1996, the symposium brings together heads of foreign navies, naval representatives, academics, industry representatives and scientific researchers to discuss maritime security and the role of regional maritime dynamics in shaping the global balance.

The sessions of the symposium aimed to present an analysis of the relevance and influence of regional dynamics on global balances and their relative implications within the maritime domain.

Thus, topics discussed included; ‘Geopolitical Background: Global and Regional Dynamics in Comparison,’ ‘Pivotal Role of Cooperation among Regional Alliances as Security Providers,’
‘Maritime Regional Security Complexes, Global Order and Sea-Based Flows – What Role for Navies?,’ ‘New Arctic Chessboard: Seapower, Resources and the Race for Connectivity,’ ‘Future-
Proof Capabilities: A Naval Force Designed to Operate Across Oceans, Act Within Regions and Deliver Effects on the Ground,’ ‘Future Seas: Industrial Scale, Decisive Mass and Innovation –
Securing the Maritime Domain’ and ‘Future-Proof Leadership: Preparing Maritime Commanders and Sailors for Complexity,’

Cooperation fostered through symposiums of this nature, which bring together a multitude of global maritime stakeholders, will enable the Sri Lanka Navy to respond collectively to maritime
challenges, in pursuit of maintaining a safe, secure, prosperous and a stable ocean region.

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Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces

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WEATHER FORECAST FOR 13 October 2026
Issued at 2.00 p.m. on 12 October 2026 by the Department of Meteorology

A low-pressure area may form over the southeastern Bay of Bengal by 13 October.

Under the influence of this system, an increase in rainfall is expected over the island and the deep and shallow sea areas around the island during the next few days from tomorrow (13).

The general public, as well as the naval and fishing communities, are requested to be attentive to the future forecasts and bulletins issued by the Department of Meteorology in this regard.

Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces.
Fairly heavy showers  above 75 mm are likely at some places in the other areas of the island. Showers or thundershowers will occur in most parts of the island.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in the Sabaragamuwa, Central and Uva provinces during the early hours of the morning.

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Elephant enrichment programme centred on the Thabbowa Reservoir proves successful

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As part of the new government’s initiative to formulate scientifically grounded, long-term solutions to the human-elephant conflict, a programme aimed at sustainably fulfilling the natural food and water requirements of wild elephants within forest ecosystems is being successfully implemented.

Spearheaded by the Ministers of Environment, guided by the Secretary to the Ministry of Environment, and supported by all affiliated institutions, this initiative transforms tanks (reservoirs) and forest tracts in high-conflict areas into enriched zones for wild elephants.

To facilitate this forest enrichment drive, 113 forests have already been declared protected reserves under the Vanaspathi National Programme. The initial phase of establishing tank enrichment zones was launched around the Kala Wewa and Thabbowa reservoirs.

Accordingly, the Ministry of Environment and ‘Clean Sri Lanka’ jointly carried out an initiative to develop these reservoir
catchments into designated enrichment zones.

A year ago, an operation to eradicate invasive plant species that posed a severe environmental threat to the Thabbowa reservoir precinct was conducted with the comprehensive labour and
technical support of government officials, environmental scientists, the tri-forces, and residents.

Since the new government’s policy of “A Sustainable Biosphere, An Evergreen Life” is practically implemented at the ground level, officials from the Department of Wildlife Conservation and the Department of Forest Conservation have been continuously monitoring the ongoing progress and
field conditions of this collaborative project under ministerial directives.

During these field reviews, it was observed that following the removal of invasive flora, the tendency of wild elephants to wander into villages searching for sustenance has notably declined; instead, they increasingly frequent the naturally regenerated grasslands along the reservoir fringes.

Having proven this ecological model’s success through trials at Thabbowa and Kala Wewa, the Ministry of Environment has finalized all necessary blueprints to swiftly replicate it across other sensitive wetland systems and reserve zones where human-elephant conflict is prevalent.

By enriching wildlife habitats, this sustainable, eco-friendly, and scientific strategy protects human lives and cultivated farmlands while securing space for wild elephants in their native habitats, continuing to show promising results across high-conflict regions.

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