Sri Lanka’s most trusted poultry group Crysbro, commends the government’s initiative to revive and reinforce Sri Lanka’s maize cultivation industry in a bid to bolster the country’s food security agenda. Spearheaded by President Gotabhaya Rajapakshe and actioned by the Agriculture Ministry of Sri Lanka, the initiative is the first step towards making the country self-sufficient in maize, as well as a step towards eradicating poverty in the rural areas of Sri Lanka by empowering the poultry and animal husbandry industries.
The new initiative activated by the Ministry of Agriculture’s minor crop cultivation unit, re-introduced maize cultivation to the Polonnaruwa District in a larger scale in March 2019. Under this project, The Ministry of Agriculture supports maize farmers in this region with much-needed access to post-harvest management technology and knowledge, seeds, cultivation technology and other lucrative market opportunities to find financial prosperity in their work.
“Sri Lanka’s annual demand for maize to be used in poultry feed stands at approx. 450,000 metric tons and currently only about 225,000 metric tons is supplied from within the country to fulfill this need. The rest of the 225,000 metric tonnes have to be imported at the cost of a massive amount of foreign exchange and Rs. 10 in taxes for every kilogram of maize. An increase in maize cultivation would garner massive savings and reduce tax spend which is an advantage that can be passed down to poultry consumers in the country. It is also a step towards boosting the country’s rural economy by directing money into the hands of the farming community. Therefore, the strong efforts made by the government to revive maize cultivation are very timely,” said Crysbro Senior Marketing Manager, Amores Sellar.
With maize being a primary raw material used in the production of poultry feed, Crysbro spends a billion LKR annually to purchase maize from farmers. This magnanimous initiative secures the income of the local maize farmers and saves the significant amount of foreign exchange spent on its import. Under this programme, maize is purchased from more than 2000 farmers in the suburbs of Moneragala, Mahiyanganaya and Anuradhapura. Crysbro is also equipped with state-of-the-art storage facilities to house the maize purchased from the farmers and maintains a storage complex with a capacity of 16,000 metric tons in Siyambalanduwa.
Sri Lanka’s economic confidence index plummets
‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.
Key findings of the survey:
Government approval rating drops from 10% to 3%
The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.
The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.
1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.
2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.
3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.
Implementation of “Mood of
The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.
Decline in share market in the wake of rate hike reports
By Hiran H.Senewiratne
CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.
“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.
Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.
Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.
In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.
The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.
Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.
Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.
Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’
In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.
The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.
With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision
BASL urges President to de-escalate tensions in different parts of country
Solidarity and Aragalaya: A few thoughts from an educationist’s perspective
Kandy, Galle, Puttalam Schools win combined schools hockey titles
‘Dates have the highest sugar content to fight Coronavirus’
U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin
Sunday Island 27 December – Headlines
Features2 days ago
When will the Gang of Four be held accountable for their irresponsible decisions?
News3 days ago
Fuel crisis: Key CPC facility opened for VIPs, friends as public transport shrinks
News4 days ago
HRCSL: No prisoners were used in 09 May attacks on protesters
Business1 day ago
Young apparel entrepreneur offers ‘winning deal’ to Sri Lankan nationals living abroad
News3 days ago
Resignation of Prez, PM prerequisite for resolution of current crisis – Direction Sri Lanka
News6 days ago
Sajith says ‘super’ PM has failed, SJB ready to take over govt.
News1 day ago
Dr. Godahewa warns govt. over its IMF strategy
Features2 days ago
The Estate Appus – a dead or dying species?