News
COPE: Sathosa has lost Rs 15.1 bn due to irregular rice imports
The Committee on Public Enterprises (COPE) has revealed that Lanka Sathosa incurred a loss of Rs. 15,157,031,018 due to irregular rice imports in 2014 and 2015, carried out in violation of established procurement procedures.
The disclosure came during a COPE session chaired by Dr. Nishantha Samaraweera, held on October 10 to review the Auditor General’s reports for 2021 and 2022 and the corporation’s current performance.
The committee noted that although the cost of the imported rice amounted to Rs. 27,011,980,142, revenue from its sale totalled only Rs. 11,854,949,124. The investigation found that insufficient study of domestic rice market conditions, paddy harvests, and storage facilities contributed to the financial loss.
The COPE also inquired whether a formal investigation had been conducted; officials confirmed that the Bribery Investigation Division had referred the matter to the Attorney General’s Department for filing charges.
In addition, the COPE highlighted that 18 building owners who failed to complete construction properly had yet to settle dues owed to the corporation.
While guidelines allow advances to be withheld for unconstructed land, as of December 31, 2020, Rs. 34,234,996 was paid without proper estimates under 29 agreements. Sathosa has filed legal action to recover Rs. 27,435,000.
The COPE also pointed out potential institutional accountability issues arising from frequent staff changes due to contract-based appointments. Officials said measures had been adopted to extend such appointments up to five years to ensure continuity.
The COPE has flagged payments made without Treasury approval for several appointments, underlining the need for proper formalisation of such practices. Attention was also drawn to problems with the company’s Enterprise Resource Planning (ERP) system, which, despite substantial investment and expansion, failed to meet all operational needs.
Following discussions, the COPE chairman emphasized that Sathosa must be turned into a fully accountable institution.
The COPE session was attended by MPs including retired Lieutenant Commander Prageeth Madhuranga, Sudath Balagalla, Chandima Hettiarachchi, Dr. S. Sri Bawanandaraja, Thilina Samarakoon, M.K.M. Aslam, and Nilanti Kottahachchi.
Latest News
Heat Index at ‘Caution level’ in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar, Vavuniya and Monaragala districts
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
at 3.30 p.m. on 25 March 2026, valid for 26 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, Vavuniya and Monaragala 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.
News
US dodges question on AKD’s claim SL denied permission for military aircraft to land
By Shamindra Ferdinando
A spokesperson for the US Embassy in Colombo declared that the United States and Sri Lanka maintain a long-standing defence partnership, grounded in transparency, mutual respect, and shared interests.
The official said so in response to The Island query regarding President Anura Kumara Dissanayake’s recent bombshell disclosure, in Parliament, that his government declined to allow the US Air Force to use the Mattala Rajapaksa International Airport, following the eruption of the latest West Asia war.
We sought views of the US on President Dissanayake’s claim against the backdrop of Sri Lanka being a party to the Acquisition and Cross-Servicing Agreement (ACSA) since 2007. Sri Lanka extended the ACSA in 2017, for another 10-year period, and its extension comes up next year.
The President revealed that the US had requested permission to use Mattala, between 04 and 08 March.
Claiming that the request had been made on 26 February, two days before the war began, President Dissanayake said that the US had sought to land two aircraft, carrying eight anti-ship missiles, but that the request had been turned down to maintain Sri Lanka’s neutrality. The President revealed that the aircraft were to come from a US base in Djibouti.
The US embassy pokesperson explained that questions related to operational movements, including ‘Operation Epic Fury’, should be directed to the Department of War (DOW) in Washington.
Camp Lemonnier is the primary base of operations for US Africa Command in the Horn of Africa. China, too, has its only overseas military base in Djibouti in the vicinity.
Military sources said whatever various interested parties said about US-Sri Lanka relations, the former provided significant intelligence support during last phase of the conflict that enabled the Navy to hunt down floating LTTE arsenals in international waters. Of the eight LTTE vessels sunk, the US backed four hits with specific intelligence, sources said.
News
No decrease in remittances from workers due to Gulf conflict, but significant drop in tourist arrivals – CB Governor
Sri Lanka’s worker remittances had not seen a decrease despite the ongoing conflict in West Asia, Central Bank (CBSL) Governor, Dr. Nandalal Weerasinghe said yesterday.
“Based on currently available data, they have not seen a decline in remittances. In fact, according to that we have observed, is a slight increase in remittances in the past few days, ” the Governor said at a media conference held at the Central Bank head office in Colombo.
Governor Weerasinghe also mentioned that he had not seen any reports about Sri Lankans returning to the country from the Middle East due to the ongoing conflict.
The Central Bank Governor, however, acknowledged that there had been a decrease in tourist arrivals. He confirmed that tourist arrivals had decreased by around 17 percent due to the current volatile situation in the Middle East.
Meanwhile, the Central Bank of Sri Lanka has decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%, following its latest Monetary Policy Board meeting.
By Hiran H Senewiratne
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