News
Rise in coconut prices expected
By Chaminda Silva
The price of coconuts and coconut oil will increase in the coming months due to the drop in production, Chairman of the National Movement for the Protection of Consumer Rights, Ranjith Vithanage says.
Vithanage said that Sri Lankan coconut owners produced between two to three billion coconuts a year. However, the coconut industry needs around 3.6 billion nuts, he said.
“There is a drop in production around this time because of the dry weather. Moreover, we also export significant amounts of coconut products. Since successive governments have failed to increase production, prices fluctuate annually. Given the significant increase in prices we see in the country, I wouldn’t be surprised if the price of a coconut increased by at least 25% in the coming weeks,” he said.
Vithanage added that coconut generates the highest annual income, compared to rubber and tea.
“Coconut cultivations encompass a little over one million hectares. About 135,000 people depend on the industry. The government must ensure that the industry flourishes so that Sri Lankans can buy coconuts at an affordable price,” he said.
(Ms.) Nina P. Cainglet, Ambassador of the Philippines to Sri Lanka based in Dhaka, paid a courtesy call on Prime Minister Dr. Harini Amarasuriya at the Prime Minister’s Office on May 16, 2025.
The Prime Minister welcomed Ambassador Cainglet and extended her congratulations on the new appointment. The discussion focused on expanding cooperation in trade and tourism, with both sides expressing their commitment to exploring new opportunities in these key sectors. The meeting also addressed consular matters relating to the Filipino community in Sri Lanka. In this regard, the Ministry of Foreign Affairs assured continued dialogue and necessary support on relevant issues.
The meeting was attended by Ms. Judienne Capiz, Vice Consul of the Embassy of the Philippines in Dhaka, Pradeep Saputhanthri, Secretary to the Prime Minister; Ms. Sagarika Bogahawatta, Additional Secretary to the Prime Minister; Ms. S.S. Premawardhane, Additional Secretary, Bilateral Political Affairs (East); and M.R. Keegel, Deputy Director, Southeast Asia & Central Asia Division, Ministry of Foreign Affairs.
[Prime Minister’s Media Division].
The Bribery Commission on Friday filed a corruption case against former Investment Promotion Minister Lakshman Yapa Abeywardena and ex-BOI Director General Jayantha Edirisinghe, accusing them of misusing public cash for a lavish newspaper ad campaign back in 2014.
They stand accused of siphoning Rs. 1.7 million in state funds to publish 11 newspaper supplements marking the second inauguration anniversary of then-President Mahinda Rajapaksa on November 19, 2014.
According to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), the move amounted to a clear breach of anti-graft laws, with five formal charges now filed before the Colombo High Court.
The case, centred around alleged misuse of Board of Investment (BOI) funds, is backed by 21 pieces of documentary evidence and testimony from 15 witnesses.
The Bribery Commission maintains that the ad blitz had no official sanction and led to a direct loss of Rs. 1,748,877.76 to the state.
Inspector General of Police T.M.W. Deshabandu Tennakoon is set to face formal questioning tomorrow (May 19) over serious allegations of misconduct and abuse of power, parliamentary sources said on Friday.
A special committee appointed to investigate the claims will commence formal proceedings next week, following several rounds of preliminary discussions held within the parliamentary complex in recent weeks.
The IGP has been officially notified to appear before the committee and is expected to face the inquiry for the first time at 2:00 PM in Committee Room No. 8.
The committee, which met again on Thursday (15) to finalise arrangements, is investigating allegations that Tennakoon misused his official powers in a manner deemed severe and improper.
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