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Plan to provide NLDB & Milco to Amul, scrapped – Namal

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Deputy Minister of Agriculture and Livestock Namal Karunaratne has assured that the government has decided not to move forward with the previous administration’s proposal to lease farms and milk distribution centres owned by the National Livestock Development Board (NLDB) and Milco Ltd. to India’s Amul Milk Cooperative.

The deputy minister said this in Parliament yesterday (Dec. 18) in response to a question raised by Samagi Jana Balawegaya (SJB) MP Hesha Withanage.

“The previous Government attempted to hand over all NLDB farms and the Milco company to Amul and another local company. This was strongly opposed by the Farmers’ Federation. As someone who was directly involved in these efforts, I can confirm our stance on this matter. The plan to award these assets to a low bidder has been halted, and none of them will be handed over to the proposed entities,” he said.

In July this year, former President Ranil Wickremesinghe and former Minister of Agriculture Mahinda Amaraweera jointly submitted a Cabinet paper proposing to lease farms owned by Milco and NLDB to India’s Amul milk cooperative for a period of 99 years. An assessment valued Milco and NLDB assets at Rs. 90 billion, while the Highland brand name was valued at Rs. 2 billion.

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Imported milk powder prices upped

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The price of a 400g pack of imported milk powder has been raised by Rs.100, according to the Milk Powder Importers’ Association.

Previously priced at Rs.1,100, the new cost for a 400g pack is now Rs.1,200.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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Bowser owners warn of fuel distribution crisis

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The Ceylon Petroleum Private Bowser Owners’ Association has alleged that fuel distribution operations have been arbitrarily handed over to another party, which could disrupt fuel transportation across the country.

The association’s Treasurer – Jagath Parakrama warned that the move could jeopardize distribution if not reversed immediately, claiming there is an attempt to create a monopoly over fuel transport.

Parakrama noted that bowser owners, numbering around 400–500 in the association, have long handled the transport of fuel from bulk storage depots island-wide.

He alleged that authorities are now trying to award the fuel transportation route from Colombo and Muthurajawela to Kurunegala to a single businessman via a tender process.

He added, “If we don’t transport the fuel, no one else will be able to do so. However, in the last two or three years, this business was about to be handed over to a few large-scale business people. We, as an association, intervened and managed to stop it for a long time. But now, they are trying to hand over this transportation service to their close associates.”

He stressed that fuel transportation should remain a public service, warning that allowing a monopoly could lead to issues similar to those faced by other transport services.

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