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SL tycoon on Gulf News South Asia rich list

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South Asia’s billionaire titans: Mukesh Ambani, Shahid Khan, Mossa Bin Shamsher, Binod Chaudhary, and Ishara Nanayakkara — leaders of wealth across five nations. (Image courtesy Gulf News)

Sri Lankan businessman Ishara Nanayakkara is among South Asia’s wealthiest individuals in the Gulf News 2025 rich list, with an estimated net worth of USD 1.6 billion.

The ranking places Nanayakkara alongside some of the region’s most prominent tycoons, led by India’s Mukesh Ambani, whose staggering USD 118 billion fortune towers over the rest. Ambani’s wealth is nearly 10 times greater than that of Pakistan’s Shahid Khan (USD 13.5 billion), who ranks second.

Others on the list include Bangladesh’s Mossa Bin Shamsher (who claims USD 12 billion) and Nepal’s Binod Chaudhary (USD 1.6 billion).

According to Gulf News, Ambani’s dominance underscores India’s outsized presence in the region’s billionaire club, but Nanayakkara’s inclusion marks a rare Sri Lankan appearance in a ranking long dominated by Indian and Pakistani magnates.

Full text of Gulf News report: As of 2025, Mukesh Ambani, chairman and managing director of Reliance Industries, continues to be the wealthiest person in India and South Asia, with a staggering net worth estimated at $118 billion. His diversified empire spans telecom (Jio), energy, petrochemicals, and retail, cementing his position as a global business magnate. But how does Ambani’s wealth compare to the wealthiest individuals in neighbouring South Asian countries like Pakistan, Nepal, Sri Lanka, and Bangladesh?

Pakistan: Shahid Khan — $13.5 Billion: Shahid Khan, a Pakistani-American billionaire based in the U.S., is widely recognised as the wealthiest person of Pakistani origin. Born in Lahore, Khan made his fortune through Flex-N-Gate, an auto parts company. He also owns the Jacksonville Jaguars (NFL) and Fulham F.C. (UK football). His estimated net worth is $13.5 billion. In Pakistan itself, the wealthiest resident businessman is often cited as Mian Muhammad Mansha, with a net worth of around $3 billion. He heads the Nishat Group, involved in textiles, banking (MCB), and power generation.

Bangladesh: Mossa Bin Shamsher — Claims $12 Billion: In Bangladesh, Mossa Bin Shamsher is a well-known and controversial figure, often referred to as the wealthiest man in the country. He claims a net worth of over $12 billion, primarily from international arms brokerage and global business investments. However, these figures remain unverified by global financial rankings like Forbes. Regardless, Mossa remains a public figure known for his lavish lifestyle, political connections, and philanthropic efforts.

Nepal: Binod Chaudhary — $1.6 Billion: Nepal’s only billionaire, Binod Chaudhary, has a net worth of approximately $1.6 billion. Best known for his Wai Wai noodles brand, Chaudhary heads the Chaudhary Group (CG Corp Global), which operates in sectors ranging from FMCG and electronics to hospitality and real estate.Despite operating in a smaller economy, Chaudhary has managed to build a multinational presence, making him a unique success story in South Asia.

Sri Lanka: Ishara Nanayakkara — $1.6 Billion: As of 2025, Ishara Nanayakkara has emerged as Sri Lanka’s wealthiest person, overtaking Dhammika Perera. With a net worth of around $1.6 billion, he leads LOLC Holdings, a diversified financial services and investment conglomerate with operations in over 10 countries. Nanayakkara has played a pivotal role in expanding Sri Lanka’s presence in the global microfinance and insurance sectors.

The Wealth Gap: Ambani in a league of his own. Despite the wealth and influence of these regional billionaires, Mukesh Ambani’s net worth dwarfs all others in South Asia. His $118 billion fortune is nearly 10 times that of Shahid Khan and far beyond the combined wealth of top tycoons in Bangladesh, Nepal, and Sri Lanka.Whether measured by business scale, global influence, or verified wealth, Ambani stands alone as the undisputed financial powerhouse of the region.



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Heat Index at Caution Level in the Western, Sabaragamuwa, Southern, Eastern, North-western, Northern and North-central provinces and in Monaragala district

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 31 March 2026, valid for 01 April 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, Eastern, North-western, Northern and North-central provinces and in Monaragala district.

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.

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Urea shortage threatens Yala harvest: Experts

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Prof. Marambe

Govt. rations stocks as imports falter

By Ifham Nizam

The government faces a looming fertiliser crisis ahead of the 2026 Yala season, with a sharp shortfall in urea threatening paddy yields and food security.

Experts have warned that the fertiliser shortage will take its toll on the yala harvest.

With just over 100,000 tonnes of fertiliser in stock by early March—barely enough for paddy cultivation alone—and more than half of expected imports either cancelled or delayed, the government has moved to ration supplies through Agrarian Service Centres, based on last year’s consumption.

Leading crop scientist Professor Buddhi Marambe has warned that while rationing is unavoidable, it will reduce productivity. “Even last season we applied below recommended levels. This year, the gap will be worse,” he said.

Authorities are prioritising paddy, followed by maize and tea, as limited stocks are stretched across crops.

However, experts estimate yields could fall by 15–20% if nutrient shortages persist—raising the risk of higher food prices in the months ahead.

The crisis has been worsened by global disruptions, including Gulf conflict affecting fertiliser shipments and precautionary export restrictions by key suppliers, such as China.

Although the Government is pursuing deals with countries like Russia, supplies remain uncertain.

With global urea prices surging and production costs rising, smallholder farmers are expected to be the hardest hit.

“This is a wake-up call,” Prof. Marambe said, urging urgent steps to build buffer stocks and strengthen Sri Lanka’s long-term food security strategy.

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2025 property grab: Court orders JVP to hand back Yakkala office to FSP

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FSP's Nuwan Bopage addressing the media

By Shamindra Ferdinando

Frontline Socialist Party (FSP) spokesman Pubudu Jayagoda says the Gampaha Magistrate’s Court order that the ruling JVP hand back the FSP’s Kirindiwela office, grabbed by a group of JVP politicians on 02 September, 2025, has shown that the government cannot undermine the law.

Jayagoda said that the FSP had been compelled to move the court against the JVP as the Gampaha police refused to intervene due to political pressure. “They probably thought we were going to give up that office. Perhaps, the ruling party felt they could forcibly occupy other FSP offices,” Jayagoda said.

FSP’s Administrative Secretary Chamira Koswatta and trade unions, which operated from the Salmal Garden office, sought the court intervention to confirm the ownership of that building in the FSP. The court initially transferred the building to the police and issued a directive to law enforcement authorities to remove the JVP/NPP from that building.

Among the 20 respondents was Tilvin Silva, General Secretary of the JVP. Those now identified themselves as FSP quit the JVP in 2011 and later formed their own party.

Gampaha Additional Magistrate Shilani Perera on Monday ruled that the legitimate owner was the FSP. The Magistrate ruled that the FSPers had been forced out of that office, illegally.

Jayagoda said that the FSP considered the court ruling a victory for democracy and a devastating blow to the increasingly authoritarian JVP/NPP rule.

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