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Over 14,000 farms in SL have closed down!

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The Committee on Public Accounts (COPA) revealed that more than 14000 farms in Sri Lanka have been closed and this has been identified according to the data received from the provinces. The officials pointed out that most of these farms are small-scale farms and most of these farms have been closed due to animal theft.

COPA pointed out that it is not acceptable to say that farms are closing down only because of the frustration of small-scale farmers due to animal theft. Officials pointed out that the destruction of pastures needed for cattle and land-related problems have also caused this. Thus, the COPA pointed out that the Department of Animal Production and Health should maintain accurate and clear data.

Moreover, the Committee emphasized the importance of actively maintaining the data system by updating the existing data.

This was discussed at the COPA meeting held recently (11) under the Chairmanship of Lasantha Alagiyawanna, to consider the progress of the recommendations given to the Department of Animal Production and Health on July 06, 2023 by the Committee on Public Accounts.

Milk received by Milco, decreased
Mahinda Amaraweera, the Minister in charge of Agriculture, was also involved for this at the invitation of the Committee. The Committee discussed at length the need for local milk in this country and the Minister thus pointed out that the amount of milk received by the Milco company on a daily basis has greatly decreased.

Furthermore, attention was also paid to the preparation of the national policy related to milk production, which was discussed in the previous Committee meeting, and the officials present pointed out that this national policy has now been prepared and it has been forwarded to the Cabinet for approval.

104 imported goats dead

Moreover, the Committee drew attention regarding the death of 104 goats imported from Australia in Embuldanda and Thelahera goat breeding centers. As this was discussed at the last Committee meeting, it was necessary to inquire about the progress of releasing these goats into the field. Thus, the officials pointed out that within a month these remaining animals are ready to be released into the field. The Committee Chair also recommended that a report be given to the Committee in this regard.

The implementation of the artificial insemination programme was focused on at length.

State Minister Diana Gamage, Members of Parliament Tissa Attanayake, A.L.M. Athaullah, Ashok Abeysinghe, and Weerasumana Weerasinghe were present at the Committee meeting held.

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03 Lankans featured in 2025 Forbes’ 30 Under 30 Asia list

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03 young Sri Lankans have been featured in the Forbes’ 30 Under 30 Asia list for 2025.

They are :
Nikin Matharaarachchi, in 2021, founded Sri Lanka-based Synapse AI Labs is the company behind Kommon Poll, an AI-powered social listening tool. Kommon Poll provides businesses marketing insights by analyzing keyword performance across multiple online platforms, including news sites, blogs and social media.

Charith N Silva, known for videos showing him preparing dishes in outdoor settings, launched the YouTube channel ‘Wild Cookbook’ in 2020 during the pandemic. With over 600 videos, ‘Wild Cookbook’ is now Sri Lanka’s largest YouTube channel with over 10 million subscribers, and Silva has over 2.3 million Instagram followers. In November 2024, he opened a restaurant in Colombo called Wildish.

Yanika Amarasekera-Siyaguna, a UC Berkeley and Imperial College London alumna, founded Silver Aisle, Sri Lanka’s first online wedding registry, in 2019. The e-commerce platform has since expanded beyond wedding gifts to include presents for all occasions as well as dining ,vacation packages and lessons in horse riding, golf and pottery, among others. In 2023, Amarasekera-Siyaguna was appointed an independent director of LB Finance, one of Sri Lanka’s largest finance firms.

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SL & India sign USD 930.8 Mn. debt restructuring deal

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Sri Lanka and India have signed a USD 930.8 million debt restructuring deal recently on Sri Lanka’s present External Debt Restructuring Process. 

The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively. 

The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.

Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.

General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.

Issuing a statement, the Ministry of Finance, Planning and Economic Development stated that the signing of these bilateral amendatory agreements marks a significant milestone in Sri Lanka’s ongoing External Debt Restructuring Process.

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965 lives lost in road accidents during last 05 months

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A total of 965 people have died between January 01 – May 13 due to various road accidents across Sri Lanka.

During this period,1,842 accidents including 902 fatal accidents were recorded, according to police reports.

The main causes cited for these accidents include negligence, reckless driving and improper vehicle maintenance.

To address the rising number of accidents, police have planned a special island-wide program focused on reducing traffic incidents, including driver awareness initiatives.

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