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Drought costs 4.3% of Yala crop

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ECONOMYNEXT –The current dry weather has damaged 51,055 acres (around 20,662 ha) of paddy, State Minister for Agriculture, D B Herath told parliament.

The damaged paddy area is around 4.3 percent of the estimated 484,437 hectares of sown extent in the Yala minor harvest season. According to the Department of Agriculture, the sown extent was seven percent higher than last year by the end of June 2023. This would produce around 1.81 million metric tonnes of rough rice.

“In Kurunegala, the damage has spread across 15,352 acres, in Mahawa 9,295 acres, in Udawalawe 14,667 acres, in Hambantota 1,892 acres and 1,230 acres of land in Puttalam,” Herath told parliament adding “we are prepared to pay compensation for all the damages in these areas.”

Sri Lanka has experienced dry weather in August, a phenomenon seen in so-called El Nino years. Farmers who did not cultivate as water was first given ended up with water shortages in irrigation schemes, according to some observers.

According to the Department of Agriculture, the sown extent would produce around 1.81 million metric tonnes of rough rice. Sri Lanka was expecting a rice surplus based on the on the June data.

Based on past trends Sri Lanka tended to have bumper Maha harvest in El Nino years due to extra rain received in the inter-monsoon period in October and November. According to researchers El Nino leads to wetter conditions during May, October, November and December and to drier conditions during January, February, March, July and August.



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Representatives from the Ceylon Chamber of Commerce meet PM

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Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.

During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.

Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.

The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.

[Prime Minister’s Media Division]

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Progress of Housing Project for Malayagam Community families funded by India reviewed

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A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.

Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.

Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.

For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.

During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.

The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.

Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.

(PMD)

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Former Minister Wijeyadasa Rajapakshe’s son arrested by CIABOC

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It has been reported that Attorney at Law Rakitha Rajapakshe, the son of former Minister of Justice Wijeyadasa Rajapakshe, has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over alleged links with the underworld.

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