Business
Bridging conservation and livelihoods: Addressing the Human-Elephant Conflict in Sri Lanka on World Elephant Day

By Ruwan Samaraweera
Written ahead of World Elephant Day, observed on 12 August 2023.
On World Elephant Day, attention turns to the unique challenges faced by Sri Lanka in the realm of human-elephant conflict (HEC). HEC’s escalating toll paints a stark reality. Human communities endure property damage, crop loss, and tragic fatalities, amplifying poverty and socio-economic instability. In 2022, as per the Department of Wildlife Conservation (DWC), Sri Lanka documented a total of 145 human fatalities resulting from HEC. Simultaneously, elephants face habitat loss, injuries, and mortality due to retaliatory killings and encounters with human settlements. DWC reported a substantial rise in elephant mortality, reaching a peak with a recorded total of 433 deaths in 2022. Therefore, the urgent need for implementing effective solutions to minimise HEC in the country becomes paramount.
Understanding the Conflict
The HEC is one of the widespread environmental issues with severe socio-economic and political implications in Sri Lanka. It arises from numerous reasons, wherein the competition for resources and land between humans and elephants being the most prominent. Rapid urbanisation, encroachment into elephant habitats, conversion of forests for agriculture, and other infrastructure development projects like road infrastructure have disrupted the elephants’ traditional migration patterns and fragmented their habitats. Consequently, elephants often venture into human settlements in search of sustenance, leading to conflicts that endanger both elephants’ and human lives.
Sumanadasa, a farmer in Galgamuwa, shares his experience of frequent elephant raids on their crop lands. He says, “As a farmer, my family depends on the crops we cultivate for our livelihood. However, the constant raids by elephants have taken a toll on our lives. We wake up each morning with anxiety, not knowing if our fields will be destroyed overnight. Our hard work and investment go in vain as elephants trample and devour our crops. It has become a struggle to provide for our family and maintain a sustainable income.”
These heart-wrenching stories highlight the profound impact of the HEC on individuals and communities. Beyond the economic losses, the emotional trauma and loss of human lives are immeasurable. The alarming increase in human and elephant fatalities resulting from HEC in Sri Lanka underscores the gravity of the situation. The average annual human death rate due to HEC increased by approximately 42% from 1992 to 2021, with the 2021 figure reaching 142 deaths. Despite fluctuations, the number of HEC-caused human deaths has consistently exceeded 100 per year over the last three years, resulting in a total of 2,111 human and 5,954 elephant casualties within the last 30 years. Apart from that, as already mentioned, crop damages emerge as a pervasive and severe issue. An IPS study revealed that among the crops grown in HEC-prone areas, paddy is the most vulnerable crop for elephant attacks, following coconut and banana. Furthermore, farmers have altered their cropping seasons due to this wild elephant risk.
Recognising the urgency of addressing the HEC, Sri Lanka has undertaken various policy initiatives and conservation efforts. Some of these are institutionally arranged measures while some are voluntary adjustments by affected communities. The DWC plays a crucial role in mitigating conflicts, implementing institutionally arranged measures such as creating elephant corridors, elephant drives, thunder flashes distribution, habitat enrichments and installing electric fences to reduce human-elephant interactions. Additionally, community-based conservation projects involving local communities in decision-making have shown promising results in promoting peaceful coexistence in some parts of the country. As a multifaceted approach to mitigating HEC, DWC has been implementing the “GajaMituro‟ programme since 2008. Under this, the DWC launched the aforementioned mitigating measures in 58 Divisional Secretariat Divisions (DSD) of 18 Districts. Similarly, residents in affected areas practice numerous voluntary measures to deter problems from elephants. Some examples of voluntary measures include erecting watch huts, creating noise (e.g., firing thunder flashes, shouting), establishing biological fences, and using lighting methods such as fires, kerosene lamps, flares, and flashlights to frighten and chase away the elephants. However, none of the mitigation measures has given a perfect solution due to various limitations. For instance, some elephants develop adaptive behaviours to actions such that thunder flashes, thus making those no longer effective against them.
Hence, to effectively manage the HEC, innovative solutions are imperative, and the government, academia, and other interested stakeholders continue to actively pursue innovative approaches and optimal strategies to effectively tackle the issue of HEC in Sri Lanka. Technology-driven approaches, including using infrared cameras, drones, sensor-based systems, and satellite imagery to detect habitat monitoring and elephant movements and then using mobile communication systems to alert nearby communities in real-time (early warning system), can help prevent conflicts. Through educational programmes in schools and community outreach initiatives, a sense of responsibility can be instilled while highlighting innovative market-based solutions like insurance. An IPS study found that insurance as a market-based solution can deliver promising results. These solutions can be complemented by agro-ecological practices such as cultivating elephant-resistant crops, bee-fencing and establishing community-managed buffer zones around protected areas.
Conclusion
As World Elephant Day serves as a powerful global platform for raising awareness on elephant conservation, Sri Lanka can capitalise on this occasion to promote understanding, empathy, and conservation values within local communities.
It is crucial to acknowledge that no single solution can entirely address the complexities of the HEC issue, given its regional variations, changes in elephant behaviour, and diverse human activities. Therefore, adopting a holistic approach that combines suitable traditional methods alongside innovative strategies, involving local communities, and considering the conflict’s ecological, economic, and social aspects becomes essential for effective and sustainable HEC mitigation. Collaboration among government agencies, conservation organisations, and local communities becomes paramount in achieving a harmonious coexistence where elephants roam freely, and humans thrive.
By adopting this comprehensive approach, Sri Lanka can strive towards a future where both elephants and humans coexist peacefully, safeguarding the well-being of these majestic creatures for generations to come. World Elephant Day serves as a poignant reminder that collective action and shared responsibility are crucial in preserving the rich biodiversity and cultural heritage that define this island nation.
Link to blog: https://www.ips.lk/talkingeconomics/2023/08/10/bridging-conservation-and-livelihoods-addressing-the-human-elephant-conflict-in-sri-lanka-on-world-elephant-day/
Ruwan Samaraweera is a Research Officer at IPS with a background in entrepreneurial agriculture. He holds a Bachelor’s in Export Agriculture from Uva Wellassa University of Sri Lanka. His research interests are environmental economics, agricultural economics, macroeconomic policy and planning, labour and migration, and poverty and development policy. (Talk to Ruwan – ruwan@ips.lk)
Business
CEB calls for proposals to develop two 50MW wind farm facilities in Mullikulam

The Ceylon Electricity Board (CEB) has announced an international call for proposals to develop two 50 MW wind farm facilities in Mullikulam on a Build, Own & Operate (BOO) basis. The initiative aims to bolster Sri Lanka’s renewable energy capacity, aligning with the government’s strategy to increase the share of clean energy in the national grid.
The bidding process, launched on behalf of the Cabinet Appointed Negotiating Committee, invites local and international project proponents to finance, design construct and maintain the wind farms under a 20-year agreement. The deadline for proposal submissions is June 12, 2025.
A senior electrical engineer at the CEB, speaking on the significance of the project, told The Island Financial Review: “This initiative is a crucial step towards achieving Sri Lanka’s renewable energy goals. Wind power is a key component of our strategy to reduce reliance on fossil fuels and enhance energy security.”
According to the CEB, interested parties can obtain the Request for Proposal (RFP) document by paying a non-refundable fee of Rs. 300,000 (or USD 1,035 for foreign applicants). The RFP provides comprehensive details on project requirements and evaluation criteria.
“Given the global shift towards clean energy, we expect strong interest from both local and international developers. This project not only supports our sustainability targets but also creates investment opportunities in Sri Lanka’s energy sector, the engineer added.
The wind farm project is part of a broader initiative to achieve 70% renewable energy generation by 2030, a key target set by the Ministry of Energy. Experts believe that projects like these will play a vital role in stabilizing electricity supply and reducing carbon emissions.
by Ifham Nizam
Business
The people crown Lolc for ninth consecutive year

LOLC once again emerges as the “People’s Financial Services Brand of the Year”, securing the prestigious title bestowed at the SLIM Kantar People’s Choice Awards 2025 for an unparalleled ninth consecutive year. This recognition, conferred through a comprehensive consumer research, reflects the brand’s firm connection with the Sri Lankan people and its consistent leadership in financial services.
Unlike many industry awards, the SLIM Kantar People’s Choice Awards is determined by independent consumer research conducted by Kantar, a global leader in brand insights. Instead of relying on a judging panel, this recognition is purely based on public perception, brand recall, and customer loyalty, making it one of the most authentic measures of a brand’s standing. Securing this title for ninth consecutive years highlights LOLC’s deep-rooted connection with its customers and its ability to evolve with their changing needs while maintaining a firm commitment to excellence.

Kapila Jayawardena-
Group Managing
Director/CEO of LOLC
Holdings PLC
LOLC’s continued success is driven by its assurance to financial empowerment, innovation, and inclusiveness. It has redefined accessibility to financial services by reaching underserved communities and pioneering digital transformation. Beyond its core financial solutions, LOLC is a brand that stands with the people, for the people, embodying resilience and hope through the years. In times of crisis, be it economic hardships or global disruptions, LOLC has remained a pillar of strength, stepping in when the nation needed it most. This deep-rooted connection with the people is what truly sets LOLC apart. The company has also been recognized for initiatives that create real social impact, such as the Divi Saviya Humanitarian Project, which uplifts vulnerable communities through sustainable support.
Business
Orient Finance reports robust financial growth for 9-month period ended December 31, 2024

Orient Finance PLC has reported an outstanding financial performance for the nine-month period ended December 31, 2024, showcasing significant growth in key financial indicators compared to the corresponding period in 2023.
The Company recorded a remarkable 161% increase in profit after tax, reaching Rs. 254.6 million compared to Rs. 97.6 million in the same period of the previous year. Net interest income surged by 37%, amounting to Rs. 1.66 billion from Rs. 1.21 billion, demonstrating strong portfolio growth and enhanced operational efficiencies.
Total assets expanded by 28%, rising to Rs. 25.3 billion, while loans and receivables increased by 36% to Rs. 19.76 billion. The Company’s deposit base grew to Rs. 15.12 billion, marking a 19% increase, reflecting continued customer confidence. Meanwhile, total equity improved by 12%, standing at Rs. 3.86 billion.
Earnings per share (EPS) grew 163% to Rs. 1.21, up from Rs. 0.46, while net assets per share (NAPS) rose by 12% to Rs. 18.27.
For the month of December 2024, Orient Finance reported a Cost-to-Income Ratio of 68%, reflecting continued efforts towards cost management amidst challenging market conditions. The Gross Non-Performing Loan (NPL) Ratio stood at 9.62%, while the Provision Cover was maintained at a healthy 65.37%, demonstrating company’s prudent approach to credit risk management. As the quarter ended 31st December 2024, Orient Finance’s Tier 1 Capital Ratio stood at 13.14%, with the Total Capital Ratio recorded at 13.16%, both remaining comfortably above the minimum regulatory requirements.
Commenting on the results, Rajendra Theagarajah, Chairman of Orient Finance PLC, stated, “These exceptional results underscore our commitment to sustainable growth and operational excellence. Our focus on innovation and customer-centric financial solutions has strengthened our position in the market. As we continue to evolve, we remain dedicated to offering innovative financial products that meet the diverse needs of our customers while driving long-term shareholder value.”
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