News
Oceanpick donates Seabass fingerlings in support of smallholder fishing communities in Sri Lanka
In an effort to bolster national fish production as well as to improve the livelihoods and food security initiatives of smallholder farmers in Sri Lanka, Oceanpick (Pvt) Ltd. -South Asia’s spearheading oceanic farming operator-, recently distributed free fingerlings to small-scale fish farmers across the island, a company news release said.
The distribution was undertaken in the presence of officials from the National Aquaculture Development Authority of Sri Lanka (NAQDA), and served to attest to the sustainable aquaculture company’s commitment to supporting local start-ups of artisanal Seabass farming operations.
A joint venture between Aberdeen Holding, Kames Fish Farming Ltd. of Scotland, and other investors-, Oceanpick was founded in 2011 with the aim to narrow the demand-supply gap of premium quality seafood without compromising on dwindling species numbers. Having started off as South Asia’s first ever commercial-scale offshore oceanic farm for finfish, and currently still the only offshore aquaculture operation in Sri Lanka, the BOI-approved company’s operations are highly sustainable, harnessing the strong currents and high quality of seawater off the northeast coast of the island to allow the fish to breed and thrive in its natural saltwater environment, the release said.
“Operating from its main Seabass and Barramundi hatchery and farming facility in the untouched waters of Trincomalee, Oceanpick is positioned with a geographical advantage, nestled amongst a major aquaculture hub alongside India and Bangladesh. However, the sustainable marine fish farm has taken the lead in Seabass and Barramundi culture, having recently being awarded the Global Aquaculture Alliance’s Best Aquaculture Practice (BAP) certification for Barramundi in South Asia; highlighting Sri Lanka on the map as having the first BAP-certified aquaculture facility in the region,” it added.
Seabass farming has proven to be an effective and sustainable economic activity; one that has the capacity to increase the income of fishing communities owing to its low environmental and operational costs.
At the Oceanpick facility, Seabass fingerlings are first allowed to hatch out and grow in the company’s on-shore nursery located close to the sea sites, and are then transferred to sea cages anchored to the ocean floor, where strict biosecurity standards are maintained and the waters consistently monitored for temperature and salinity. In 2019 alone Oceanpick facilitated the growth of over a million fingerlings, and as a result, were able to produce a surplus that is now able to benefit the growth of the fisheries sector in more ways than one.
“Over the years our facility has played a significant role in responsible farming that produces all-natural, nutrient-rich, and superior quality seafood, underscoring the sustainability of our facility and overall operations,” said Dan Richardson, Head of Operations at Oceanpick. “However, smallholder fish farmers are as crucial for the future growth of the fisheries sector. We felt the need to step in to strengthen connections by combining our resources, with the aim to both boost production as well as help restore livelihoods.”
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Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
News
ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
News
Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
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