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Ethanol piles up in Pelwatte & Sevanagala without buyers!

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It was reported that 1.7 million litres of ethanol have piled up at the Pelwatte and Sevanagala distilleries of Lanka Sugar Company (Pvt) Ltd due to the lack of buyers.

According to the Lanka Sugar Company (Pvt) Ltd management, 900,000 litres have accumulated in the Pelwatte distillery while 800,000 litres have piled up at the Sevanagala distillery.

The value of this ethanol stock is about 2,040 million rupees. The Sugar Company sells a litre of ethanol at Rs.1,200.

The buyers have not come forward to purchase ethanol due to the increase in alcohol prices, the increase in transportation costs and the increase in taxes. 

Mr. Saman Amarakon, the Chief Operating Officer of the Sugar Company’s Pelwatte Factory, said that the Company generated a large income from the sales of ethanol produced in Pelawatta and Sevanagala distilleries.

He also said that they were planning to reduce the selling price of a litre of ethanol from Rs.1,200 to Rs.1,000 in the future.

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Application for Grade 1 admission for 2026, issued

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The Ministry of Education today (July 03) announced the release of instructions regarding the admission process for Grade One students in State schools for the Year 2026.

To enroll their children in Grade One of Government schools for the year 2026, parents or legal guardians are required to complete the application form following the provided specimen and instructions.

The application is as follows :

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SL – Hungary sign debt restructuring agreement

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The government of Sri Lanka and the Hungarian Export Credit Insurance Plc. have signed a bilateral agreement in relation to the External Debt Restructuring Process.

In a statement, the Ministry of Finance, Planning and Economic Development said the signing of the agreement is a significant milestone of the External Debt Restructuring Process and testament to the government’s commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby revamp Sri Lanka’s economy.
Following bilateral discussions after the conclusion of the Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC), the Hungarian Export Credit Insurance Plc. has agreed to provide a debt relief measure by rescheduling the outstanding debts, the Ministry noted.

The estimated rescheduled debt under this agreement amounts to Euro 30 million.

The signing of the agreement will pave the way to developing further the deep and long standing bilateral relationships between Hungary and the Government of Sri Lanka, the Ministry added.

The bilateral agreement was signed by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning, and Economic Development, on behalf of the government and Györgyi Rehoregh, Director, Foreign Corporate Risk Management & Claims and Recoveries Directorate, and Dr. Adrienn Hegyi Szénásiné, Head of Claims and Recoveries, Foreign Corporate Risk Management and Claims and Recoveries Directorate, on behalf of the Hungarian Export Credit Insurance Plc.

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Govt appoints committee to tackle plastic pollution

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A committee has been appointed to investigate and submit a report on plastic-based products in the market that pose a threat to the health of children, the Ministry of Trade, Commerce, Food Security, and Cooperative Development has announced.

Speaking at a media briefing today (03), Subject Minister Wasantha Samarasinghe stated that the government will take the strongest possible measures within the next two months to prevent such harmful products from entering the market, based on the committee’s recommendations.

He warned that some plastic bottles used to fill hot water are unsafe and noted that tests have revealed serious risks due to the use of such material.

“We will summon importers and manufacturers and present the facts to them. A committee of experts will be appointed, and all relevant parties will have the opportunity to share their concerns with the committee. Based on its report, we will take the strongest possible decisions to ensure the safety of children,” the Minister added.

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