News
USD 3 mn Japan funded project to strengthen inland fisheries and agriculture underway
Inginiyagala, Ampara– The Food and Agriculture Organization of the United Nations (FAO), with funding support from the Government of Japan and in collaboration with the Ministry of Fisheries, Aquatic and Ocean Resources and the National Aquaculture Development Authority of Sri Lanka (NAQDA), recently inaugurated and handed over the upgraded hatchery and three live fingerling bowsers at the NAQDA Aquaculture Development Center in Inginiyagala, Ampara.
The following is the text of the statement issued by the Japanese embassy: “The ceremony was held under the auspices of Minister of Fisheries, Aquatic and Ocean Resources Ramalingam Chandrasekar and Ambassador of Japan Akio ISOMATA underscoring the commitment of both governments to enhancing inland fisheries production and improving the livelihoods of rural fishing communities.
The newly upgraded hatchery and the provision of live fingerling transportation bowsers will significantly enhance the breeding, rearing, and distribution of quality fish fingerlings to inland water bodies, boosting inland fisheries production and ensuring a stable source of nutrition and income for local fisher communities. This initiative marks a key milestone in the US$3 million project funded by Japan and implemented by FAO in partnership with NAQDA to strengthen inland fisheries and promote sustainable aquaculture in Sri Lanka. In addition to upgrading the Inginiyagala center, the project is strengthening three other NAQDA Aquaculture Development Centers and an existing community-operated mini fish breeding center, while also establishing three new community-operated mini hatcheries in Batticaloa, Anuradhapura, and Moneragala.
Speaking at the event, Ambassador ISOMATA reaffirmed Japan’s commitment to investing in people, stating, “Japan prioritizes human capacity development. Rather than simply providing fish to meet immediate needs, we focus on transferring knowledge and skills in fish farming and sustainable management. Through this approach, we hope to empower Sri Lanka to achieve self-sustained growth and build a stable and sustainable future.”
Minister Ramalingam Chandrasekar highlighted the importance of strategic partnerships in advancing Sri Lanka’s fisheries sector: “This project is a testament to the power of collaboration. By strengthening hatchery operations and improving the transportation of live fingerlings, we are ensuring a more productive and sustainable inland fisheries sector that will benefit thousands of fisher families across the country.”
The initiative is expected to directly benefit approximately 3,000 inland fishers, hatchery operators, and fish feed producers while also contributing to broader food security and rural economic development. Additionally, the introduction of improved broodstock development, digital integration in inland fisheries, and capacity-building programs for fishers and aquaculture officers are integral components of the broader project.
FAO Representative for Sri Lanka, Vimlendra Sharan, emphasized FAO’s dedication to enhancing the resilience of Sri Lanka’s inland fisheries sector: “Through this initiative, we are not only improving aquaculture infrastructure but also equipping communities with the necessary resources and knowledge to sustain inland fisheries in the long run. FAO remains committed to working with the Government of Sri Lanka and partners to drive impactful, lasting change.”
News
Sri Lanka, India caught in US-Iran ship crisis
By Shamindra Ferdinando
Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.
Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).
The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.
The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.
Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.
The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.
The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR
Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.
SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.
News
Namal further remanded
MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).
Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.
News
IMF projects Lankan economic growth to moderate amidst mounting global uncertainties
Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.
Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.
Unemployment is expected to remain steady at 3.9% throughout the forecast period.
The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.
Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.
The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.
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