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Croplife highlights agriculture sector woes at interactive event

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Once renown as the granary of Asia while being recognized for superior agricultural produce and gifted with unique attributes, Sri Lanka today is experiencing major collapse in overall agricultural productivity.This has resulted in shock waves of food shortages and exorbitant price hikes leading to partial starvation among various socioeconomic strata of the country’s population. This was revealed at an interactive gathering of agri industry professionals and subject experts from the local and global arena on Friday.

Addressing the interactive gathering themed “Role of Agric Inputs in Food Security” at the Waters Edge, Battaramulla, Chairman of Croplife, Chamenda Wijerathna said that numerous economic and policy mishaps were evident during 2021-2022 period; especially the banning of essential fertilizers, pesticides and other vital agri inputs resulted in the collapse in overall agriculture productivity.

Wijerathna said that ranging from Sri Lanka’s sole-staple of rice, all crop sectors including maize, tea, upcountry and low country vegetables suffered substantial negative impacts in the aftermath of short-supplied agri inputs. A recent study revealed the magnitude of the impact where increases in the cost of production has exceeded 67 per cent while reduction of average yield has been recorded at 54 per cent.

Subsequently, the selling price of agricultural produce has increased exponentially causing various consumer segments to reduce or totally give up buying their requirements.Overall, there has been more than a 45% increase of the selling price at every level of agricultural value chains,” Wijerathna said.

He said that achievement of self sufficiency in rice since the 1990’s had been an remarkable milestone reflecting the expertise, dedication and capability of cross-sectoral stakeholders to drive the country’s agriculture in the correct path.

“This progress has been severely affected over the last year, resulting in 51 per cent yield loss, 67 per cent increase in expenditure for crop production while selling prices gained 46 per cent.”

Maize, another remarkable crop, recorded improved productivity and export potential several years back. It has taken a hard hit witnessing 59 per cent yield loss, 66 per cent increase in cost of production while selling price has risen only 47 per cent.

“Vegetables both upcountry and low country have been no exceptions in terms of the depressing impacts of wrong policy decisions. Absence of pesticides and fertilizers have resulted in yield losses in upcountry and low country vegetables at the levels of 61 per cent and 51 per cent consecutively.

“Selling price of both vegetable types touched an increase of 50 per cent. COP of low country vegetables increased by 65 per cent while the upcountry vegetables recorded a staggering 70 per cent increase of production cost.Croplife Secretary Buddhika Ekanayake said that there were deep driven impacts caused by the absence of proper agri inputs which will be hard to tackle in another season or years’ time.

He said that Croplife has recognized following areas that will pause chronic and long term threats for the food production if not dealt with cautiously and collaboratively by all stakeholders: (1) Loss of farm output prompting elevated farm gate prices causing prohibitive prices tags right from the beginning of crop value chains.

(2) Avenues being created for the entry of illegal, substandard and dangerous pesticides to reach to local agrochemical market. Numerous occurrences of smuggled pesticides from India and elsewhere were reported by farmers, consumers and environmental activists.

(3) Unaffordable input costs have largely resulted in farmers giving up cultivation paving way for a multitude of economic and social issues. Farmers protests were widely evident during recent months. Anger and frustration of the uncertainties to be contended with were freely expressed.

Croplife Treasurer, Shamal Abeysinghe, industry professionals and subject experts at local and global arena and local politicians also addressed the interactive gathering.



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Removing monk’s robes matter for Sangha to decide: Mahanayake Theras

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Ven. Gnanasara

The Mahanayaka Theras of all Nikayas have protested against Bodu Bala Sena (BBS) General Secretary Ven. Galagodaaththe Gnanasara Thera, who is serving a prison sentence for contempt of court, being produced before court in civilian attire.

In a letter to the Commissioner General of Prisons, the Mahanayaka Theras have said they were surprised and concerned by the decision to remove the monk’s robes.

The letter has been signed by Most Ven. Thibbotuwawe Sri Siddhartha Sumangala Thera of the Malwatu Chapter, Most Ven. Warakagoda Sri Gnanarathana Thera of the Asgiri Chapter, Most Ven. Karagoda-Uyangoda Maithri Murthi Thera of the Amarapura Maha Nikaya and Most Ven. Makulawe Sri Wimala Thera of the Ramanna Maha Nikaya.

The Mahanayaka Theras have said they respect the Constitution and the judicial process, but maintained that removing a monk’s robes or ending his status as a member of the Buddhist Order is a matter that should be decided by the Maha Sangha.

They have said the relevant Sangha Council has not determined that Ven. Gnanasara Thera committed a Parajika offence or any other offence warranting his removal from the Buddhist Order.

The Mahanayaka Theras have also referred to Regulation 550 of the Prison Standing Orders, which they say stipulates that convicted prisoners should not be taken to court in prison uniform and should be allowed to wear the type of clothing they normally wore before their conviction. In the case of a Buddhist monk, they have said, this means his monastic robes.

They also referred to the United Nations Standard Minimum Rules for the Treatment of Prisoners, which provide for prisoners taken outside prison to be allowed to wear their own clothing or other unobtrusive clothing.

The Mahanayaka Theras have requested the Commissioner General of Prisons to allow Ven. Gnanasara Thera to wear his robes when appearing in court and to maintain his status as a monk while he remains in prison.

Prisons authorities have said that the clothing decision was made under prison regulations, and the Prisons Department has stated that prisoners serving sentences of more than three years are required to wear prison-issued clothing when produced before court.

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NDB fraud Rs 60mn more than reported

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The Committee on Public Finance has said that the actual losses suffered by the NDB bank are much more than what was initially reported. When compared with the initial disclosure made by NDB on 6 April 2026, the reported amount of the fraud had increased by Rs. 0.4 billion, from Rs. 13.2 billion to Rs. 13.6 billion, the committee said.

When compared with the amount disclosed by NDB on 26 June 2026, based on the interim report dated 22 June 2026, the additional amount of fraud is Rs. 60 million.

The has committee issued the following statement: The Committee on Public Finance recently summoned officials of the Central Bank of Sri Lanka to Parliament to inquire into the financial irregularities identified at NDB Bank and the final audit report relating to the matter.

The Committee meeting, chaired by Member of Parliament Dr. Harsha de Silva, discussed irregularities identified in NDB Bank’s financial statements, shortcomings in the audit process, and the relevant audit reports.

The meeting was attended by Deputy Ministers Chathuranga Abeysinghe, Dr. Kaushalya Ariyaratne, and Nishantha Jayaweera, as well as Members of Parliament Attorney-at-Law Rauff Hakeem, Ravi Karunanayake, Ajith Agalakada, Nimal Palihena, Wijesiri Basnayake, M.K.M. Aslam, Champika Hettiarachchi, and Attorney-at-Law Lakmali Hemachandra.

The Committee also focused on the findings of the investigation conducted by the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAAMB), as well as the findings revealed through the investigation conducted by Deloitte Touche Tohmatsu India LLP. In particular, the Committee inquired into the failure of the external auditors to identify irregularities in NDB Bank’s financial statements.

The accountability of senior management with regard to corporate governance and risk management in relation to the financial irregularities was also discussed.

As a significant proportion of NDB Bank’s shares are held by institutions representing public and state funds, the Committee also considered the potential impact of such financial irregularities on public funds and the general public.

The Committee also discussed the progress made by LankaPay in establishing a centralized fraud monitoring system to prevent fraud within the financial system. The need to strengthen fraud monitoring systems at the individual bank level to monitor transactions carried out within each bank was also emphasized.

Accordingly, the following observations are included in the final audit report concerning the financial irregularities at NDB Bank:

1. The audit covers the period from 1 April 2016 to 31 March 2026. The audit report specifically identifies the financial impact arising from fraudulent transactions amounting to Rs. 13,639,664,684 (Rs. 13.6 billion).

2. According to the disclosure made on 29 September 2026, the financial impact arising from the fraudulent transactions is as follows:

· Rs. 1.5 billion for the period prior to 1 January 2025;

· Rs. 9.6 billion during 2025; and

· Rs. 2.5 billion for the quarter ended 31 March 2026.

3. Compared with the initial disclosure made by NDB on 6 April 2026, the reported amount of the fraud has increased by Rs. 0.4 billion, from Rs. 13.2 billion to Rs. 13.6 billion. Compared with the amount disclosed by NDB on 26 June 2026, based on the interim report dated 22 June 2026, the additional amount of fraud is Rs. 60 million.

4. The final audit report has also confirmed the previous disclosures that no customer accounts were affected as a result of the fraud incident.

5. The report has identified several governance failures at NDB relating to the processing of CEFT transactions, user-level activities within the Core Banking System, and the management of user credentials and access information. In addition, shortcomings have been identified in several operational areas, including transaction monitoring, daily account reconciliation, financial compliance, internal audit, branch network management, and operational risk management.

The audit report has made comprehensive recommendations to strengthen the control mechanisms, governance structures, and processes relating to the above-mentioned activities of the bank.

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President orders review of laws on treatment of imprisoned monks

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President Anura Kumara Dissanayake has ordered the formation of a committee to review the laws and regulations on how Buddhist monks serving prison sentences are treated, including the procedures that apply when they are taken out of prison.

He revealed this at a special meeting with Maha Sangha representatives held yesterday (8) at the Presidential Secretariat. The meeting was called after concerns were raised over how Ven. Galagoda Aththe Gnanasara Thera was treated when he was taken from prison to court.

The committee will recommend amendments to existing laws and, where needed, new prison standing orders and regulations. Its members will be drawn from the Attorney General’s Department, the Ministries of Justice, Public Administration, and Buddha Sasana, Religious and Cultural Affairs, and the Department of Prisons, including the Commissioner General of Prisons. It has been given two weeks to review the current legal provisions and submit its recommendations. The President added that any changes specific to Buddhist monks would be made in consultation with the Maha Sangha.

Outlining the legal background, the President said prison administration was governed by the Prisons Ordinance of 1877, along with the regulations and standing orders issued under it. That framework mostly addressed prisoners in general, he said, and had few provisions dealing specifically with Buddhist monks.

The meeting was attended by senior Maha Sangha members representing the Siyam, Amarapura and Ramanna Nikayas, along with Minister of Buddhasasana, Religious and Cultural Affairs Hiniduma Sunil Senevi and Minister of Justice Harshana Nanayakkara.

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