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WFP provides 55,000 MT of MOP fertiliser free to farmers

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Under the guidance of UNCTAD (United Nations Conference on Trade and Development), the World Food Programme has arranged to provide 55,000 metric tons of MOP fertiliser to the farmers of Sri Lanka free of charge, said Agriculture and Plantation Industries Minister Mahinda Amaraweera.

This stock of fertiliser is to be given for paddy cultivation in the next two cropping seasons. The Government will receive this stock of fertiliser from the World Food Programme.

The Minister emphasized this in a discussion held at the Agriculture and Plantation Industries Ministry regarding the National Fertiliser Programme, yesterday (01).

Due to the non-application of MOP fertiliser, which is an essential fertiliser for paddy cultivation, yellowing of the paddy cultivation occurs; also, the panicles fail to grow properly. It has been found that many farmers do not use MOP fertiliser for paddy cultivation and only 400 metric tons have been sold in this Yala season.

The price of MOP fertiliser was at a high level of Rs. 14,000 and Minister Amaraweera was advised to reduce this price to Rs. 9,000 by the government owned fertiliser companies. Accordingly, since the last Maha season, MOP fertiliser has been sold at the price of Rs. 9,000.

However, it is estimated that Rs. 3.5 billion will be spent on VAT and operational fees for the fertiliser distribution. Of this, Rs. 1.1 billion will have to be spent as utility costs and Rs. 2.4 billion as VAT. Minister Amaraweera said that the approval of the Cabinet has been obtained to receive this amount.

(dailynews.lk)

 (This story, originally published by dailynews.lk has not been edited by SLM staff)

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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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