Latest News
Government to boost capacity of Small and Medium rice mill owners to stabilize market
President Anura Kumara Dissanayake announced that the government will support small and medium-scale rice mill owners to enhance their capacity to help stabilize the rice market.
He made this statement today (25) during a discussion held with the rice mill owners at the Presidential Secretariat.
The President noted that since the government invests significantly in promoting agriculture, irrigation, and fertilizer subsidies, these businesses have a social responsibility to provide rice to the public.
An extensive discussion on measures to enhance the capacity of small and medium-scale rice mill owners to balance the market took place.
The President also stressed that no businessman will be permitted to exploit the situation by unfairly raising rice prices.
Major stock markets in Asia slumped on Monday after Washington and Tehran threatened to escalate hostilities, as the Iran war enters its fourth week.
Japan’s benchmark Nikkei 225 index was almost 3.6% lower, while South Korea’s Kospi fell by almost 6%.
US President Donald Trump warned on Saturday that he would “obliterate” Iranian power plants if Iran did not open the key Strait of Hormuz shipping route. Iran said it would respond to any such strikes by targeting key infrastructure in the region, including energy facilities.
Japan and South Korea have been particularly impacted by the conflict, as they are heavily dependent on oil and gas that would normally pass through the strait.
Iran has effectively blocked the Strait of Hormuz, one of the world’s busiest shipping channels, since the US and Israel attacked the country on 28 February.
About 20% of the world’s oil and liquefied natural gas (LNG) usually passes through the waterway – and the war has sent global fuel prices soaring.
On Monday, International Energy Agency chief Fatih Birol said that the war could see the world facing its worst energy crisis in decades.
Speaking at the National Press Club in Australia’s capital, Birol compared the current energy crisis to those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine.
“This crisis as things stand is now two oil crises and one gas crash put all together,” he said.
“If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!,” Trump said in a social media post published at 23:44 GMT Saturday.
That threat came after Iranian missiles hit the Israeli city of Dimona, and shortly before a second attack on the town of Arad nearby.
Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, said on Sunday that energy and desalination infrastructure in the region would be “irreversibly destroyed” if his country’s power plants were attacked.
Such action would significantly escalate the conflict, which has already disrupted global energy supplies, pushing up prices and causing fuel shortages.
Other markets in the Asia-Pacific region were also lower on Monday.
Hong Kong’s Hang was down by almost 3.5% and the Shanghai Stock Exchange Composite index 2.5% lower.
Global oil prices were broadly steady, with Brent crude 0.45% higher at $112.69 (£84.56) a barrel and US-traded oil was up by 0.7% at $98.93.
[BBC]
Latest News
Heat Index at Caution Level in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar and Vavuniya districts
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
at 3.30 p.m. on 22 March 2026, valid for 23 March 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in
Anuradhapura, Mannar and Vavuniya districts.
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.
Latest News
Trump says US will ‘obliterate’ Iran’s power plants if Strait of Hormuz not open before 48-hour deadline
President Donald Trump says the US will “obliterate” Iranian power plants if the Strait of Hormuz is not open within 48 hours – the waterway is vital for global oil shipping.
Iran warns it will retaliate against all US-linked energy infrastructure in the Middle East if its power plants are attacked.
Trump also says he has achieved his war aims “weeks ahead of schedule”, adding: “Iran wants to make a deal. I don’t”
More than 100 people have been injured after strikes on southern Israel. The target appears to have been a nuclear facility 13km away from the city of Dimona
Meanwhile, Israel says it launched a wave of strikes on the Iranian capital. It follows an attack on Iran’s Natanz nuclear facility, Tehran says
An attempted Iranian strike on the joint UK-US base on Diego Gracia happened late on Thursday night into Friday morning, the BBC understands. Foreign Secretary Yvette Cooper says the UK won’t be drawn into wider conflict
[BBC]
Asia stocks slide as US and Iran threaten to escalate war
Heat Index at Caution Level in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar and Vavuniya districts
Showers may occur at several places in the Western and Sabaragamuwa provinces and in Galle, Matara and Nuwara-Eliya districts after 2.00 pm.
Fuel price hikes trigger transport disruptions and calls for fare increases
Prof. Peiris honoured by International Institute of Rehabilitation
CMC resumes parking fees
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News5 days agoCIABOC questions Ex-President GR on house for CJ’s maid
-
News6 days agoSri Lankan marine scientist Asha de Vos honoured at UNGA opening
-
News6 days agoAustralian HC debunks misleading travel risk claims for Sri Lanka
-
News4 days agoBailey Bridge inaugurated at Chilaw
-
Latest News7 days agoWednesdays declared a government holiday with effect from 18th March
-
News4 days agoPay hike demand: CEB workers climb down from 40 % to 15–20%
-
News3 days agoCIABOC tells court Kapila gave Rs 60 mn to MR and Rs. 20 mn to Priyankara
-
Editorial5 days agoCouple QR-based quota with odd-even rationing