News

COVID-19 pandemic darkens South Asia: World Bank

Published

5 years ago

2020/10/27

The COVID-19 pandemic hit South Asian nations late but hard, said a report by the World Bank released last Thursday.

The report prepared by the Office of the Chief Economist for the South Asia Region (SARCE) and the Macroeconomics, Trade and Investment (MTI) Global Practice says the pandemic is yet not under control in the region – home to nearly 2 billion people.

The crisis brought South Asia to a near standstill, the report said.

However, the report acknowledged the governments in the region took early containment measures against the pandemic.

“But not all countries were able to contain the domestic spread of COVID-19. Due to low testing, social stigma, and a young population, the actual extent of COVID-19 infections is highly uncertain, but likely much higher than recorded numbers suggest,” it said.

Besides hitting movement and economic activity, the report said the lockdown measures “triggered massive supply disruptions.”

“Information from high-frequency variables, combined in activity indicators, show an unprecedented contraction,” it added.

While the activity dropped by 40% in Pakistan in April, other countries saw a two-thirds drop.

Although the activity has recovered subsequently across the region, “it remained below pre-COVID levels in August.” All the countries witnessed contraction in GDP.

“The collapse in activity was widespread. The economic disruption is even visible from space: South Asia has darkened since March,” the report explained.

“Between March and August, nighttime light intensity declined in more than three-quarters of South Asia’s districts. In August, the average nighttime light intensity across districts was still 10% below its level a year earlier,” the study said. “Mobility declined strongly in nearly all districts, as a result both of national containment measures and local COVID-19 infections.”

Referring to the state of COVID-19 in India, the report showed there is heterogeneity across districts due to voluntary reductions in mobility due to higher local prevalence of COVID-19.

“During the national lockdown in India, districts with more recorded COVID-19 infections per capita experienced larger declines in mobility and nighttime lights.”

Although the local governments “proactively stabilized economic activity through monetary easing, fiscal stimulus, and supportive financial regulation,” the report added: “The situation is fragile amid weak buffers and exhausted policy tools in some countries.”

The report also said that it is yet not clear “whether lockdowns can effectively mitigate a pandemic in countries with a large share of urban poor and densely populated cities.”

“In some cases, they may even be counterproductive.”

The report maintained that the decline in demand and supply disruptions generated by the pandemic and the policies required to contain its spread “have resulted in severe reductions in incomes in the South Asia region.”

“An effective policy response will require a clear understanding of which households and firms are most in need of assistance, and how to reach them,” it added.

“Finding ways to assist these workers will be critical to addressing the welfare losses from the pandemic.”

However, it added that the COVID-19 response “cannot only focus on supporting incomes.”

“The survival of many informal sector firms is threatened by what is hoped to be a temporary shock to their markets and access to supplies. These firms tend to be quite small and lack the savings and the financial access to keep afloat during this extended crisis,” the report added.

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Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district

Published

4 hours ago

2026/04/18

Priyan

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 17 April 2026, valid for 18 April 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern provinces and in Monaragala district.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

News

Oil prices plunge as Iran says Strait of Hormuz ‘open’ during ceasefire

Published

7 hours ago

2026/04/17

Priyan

Oil prices have plummeted after Iran said the Strait of Hormuz would be “completely open” to commercial ships for the remainder of the ceasefire.

The cost of a barrel of Brent crude fell to $88 dollars a barrel, having been above $98 earlier on Friday.

The Strait of Hormuz is a narrow strip of water linking the Gulf to the Arabian sea, through which a fifth of the world’s oil and liquified natural gas is typically transported.

“The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Iranian Foreign Minister Abbas Araghchi said.

Global markets also rallied on the announcement, with the major US stock indices rising in early trading. The S&P 500 rose by 0.8%, while the Nasdaq and Dow Jones Industrial Average (DJIA) were both up by more than 1%.

European shares also rose in reaction to the news. The Cac index in Paris and Dax in Frankfurt both climbed by more than 2%, while London’s FTSE 100 rose by around 0.5%.

The Strait of Hormuz has been effectively shut by Iran since the US and Israel launched military strikes in the country in late February.

Tankers have been unable to pass through, drastically reducing the amount of oil and gas available on global markets and causing prices to spike.

Before the conflict, Brent crude was trading at under $70 per barrel. It rose above $100 before reaching a peak of more than $119 per barrel in March.

Sharp rises in the price of oil have pushed up the price of petrol and diesel for drivers, as well as sparking concerns over the supply of jet fuel, leading to fears airlines will have to ground flights.

The closure of the key waterway has also cut off a major supply line of fertiliser, used by farmers, raising the prospect of higher food prices as a result of the conflict.

A third of the world’s key fertiliser chemicals pass through the Strait, and prices have risen steeply since the outbreak of war.

However, hours before Araghchi’s statement, motoring group the RAC said petrol and diesel prices had fallen slightly, in the UK for the first time since the US-Israel war with Iran began.

Pump prices began to ease on Thursday and continued on Friday, it said, though it remains far more expensive to fill up a tank than it did in February.

Iran’s decision to re-open the Strait of Hormuz followed a ceasefire agreement between Israel and Lebanon.

US President Donald Trump welcomed the move, writing on Truth Social: “IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!”

Trump added that Iran had agreed “to never close the Strait of Hormuz again… it will no longer be used as a weapon against the world”.

But, in a follow up post, he said a naval blockade of Iran will remain “in full force and effect” until a permanent deal to end the US-Israel war with the country is agreed.

Despite Iran’s announcement, one oil and gas shipping operator told the BBC it “doesn’t change anything” immediately.

“We don’t feel like we need to be taking unnecessary risks and our company approach is that we won’t be the first to go through the Strait”, the operator, who did not want to be named, said.

Another company, Stena Bulk, which operates oil tankers in the region, said it was “monitoring developments closely”.

“The safety of our crew and vessels governs every routing decision, and we will not transit until we are satisfied it is safe to do so”, the company added.

(BBC)

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Navy seize 161kg heroin shipment in high-seas operation

Published

8 hours ago

2026/04/17

Priyan

Being a key frontline stakeholder in the national mission, ‘A Nation United,’ the Navy continues to maintain a vigilant maritime shield to eradicate the drug menace from society.

During yet another successful operation on the high seas south of Sri Lanka, the Navy intercepted a local multi-day fishing trawler and apprehended four suspects in connection with the
smuggling of a stock of suspected narcotics.

The intercepted trawler, along with the suspects, was escorted to the Dikowita Fisheries Harbour today, (17 April 2026).

During a special inspection at the fisheries harbour, the Police Narcotic Bureau (PNB) confirmed the presence of over 161kg of heroin.

The Deputy Minister of Defence, Major General Aruna Jayasekera (Retd), and the Commander of the Navy, Vice Admiral Kanchana Banagoda, to inspect seized narcotics.

Addressing the media, the Deputy Minister emphasized that drug trafficking has long persisted as an organized and sophisticated criminal enterprise. He highlighted that under the current government’s national mission, ‘A Nation United,’ a robust state mechanism is now in motion, integrating the Tri-Forces, Police, Special Task Force, PNB, and international agencies to dismantle these networks.

Underscoring the Navy’s operational success, the Deputy Minister revealed that in 2025 alone, the Navy seized narcotics valued at over Rs. 75,000 million. In the first four months of 2026, the momentum has continued with nearly Rs. 50,000 million worth of drugs intercepted and produced for legal action.

During this short period, 14 local multi-day trawlers and 127 suspects have been apprehended. He issued a stern assurance that seized drugs would never find their way back into society, as they are systematically destroyed under strict protocols.
“Human capital is our nation’s most vital asset,” the Deputy Minister noted, adding that a healthy population leads to a quality workforce and a resilient economy. He further remarked that the vision of a “A Thriving Nation – A Beautiful Life”, extends beyond financial stability to include the dignity, discipline, and mindset of the citizenry.

“On the instructions of the President, new legislation is being drafted for Parliamentary approval to further empower this national mission and ensure a law-abiding, civilized society for future generations”, he stated.

Concluding the briefing, the Deputy Minister lauded the media for their role in drug prevention and urged continued responsible journalism to educate the public on the dangers of narcotics.

Meanwhile, the apprehended suspects, the multi-day trawler, and the 161kg heroin shipment were handed over to the Police Narcotic Bureau for onward investigation and legal proceedings.