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Wednesday September 27th, 2023

Beached whales in Panadura “may be seriously injured” – MEPA

BEACHED MARINE MAMMALS – Believed to be Short-finned Pilot Whales beached at Panadura

ECONOMYNEXT – The several dozen large marine mammals who have been beached off Panadura today are short-finned Pilot Whales and may be suffering due to Nitrogen Saturation, a Marine expert said.

Dr Terney Pradeep Kumara, General Manager of the Marine Environment Protection Authority (MEPA) told EconomyNext the whales may be very seriously injured.

He said they are showing signs of the effects of a deep dive probably forced by encountering ships using sonar.

“These whales navigate using sonar and when they encounter shipping which is also using sonar tend to dive deep to escape,” he said.

If they dive as deep as a kilometer they become saturated with nitrogen – a condition that deep divers sometimes get called “bends” he explained.

“We can’t be certain until we carry out a postmortem examination,” Kumara who is a Marine Biologist said.

This is a rare incident in Sri Lanka and has not happened in a long time he added.

A similar incident had taken place in Australia last month he said.

The Police, the Coastguard and the Wildlife Department are on the scene and a MEPA team is “on the way,” Kumara added. (Colombo, November 2, 2020)

Reported by Arjuna Ranawana

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Sri Lanka to introduce social security system: minister

ECONOMYNEXT – Sri Lanka’s Labour minister has said that they are set to introduce a comprehensive national social security system, covering all workers.

“The system will address the weaknesses of the current system and provide much-needed support to workers and their families,” Manusha Nanayakkara, Minister of Labour and Foreign Employment said on X (formerly known as Twitter).
He did not specify the details.

Nanayakkara also spoke of the need for robust social security when he met with exporters last week to discuss labor law reforms, boosting female workforce participation and attracting FDI.

Sri Lanka plans to reform labour laws for an export-oriented economy.

The pandemic and the economic crisis highlighted the need to improve the coverage of social security.

Studies have shown that Sri Lanka’s women are kept out of formal employment by childcare, elderly care and housework, as day care and elderly homes are either too expensive or too few.

The government imposed a Social Security Contribution Levy to increase its revenue last year. (Colombo/Sep27/2023)

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Sri Lanka’s stocks up in trading on Wednesday morning

ECONOMYNEXT – Sri Lanka shares were picking up in trading on Wednesday morning.

Turnover was at 50 million. Trading in the Capital Goods Industry Group was driving turnover.

The All Share Price Index was up 0.37 percent or 41.78 points to 11,289.94, while the S&P SL20 was also up 0.68 percent or 21.66 points to 3,187.65.

Hatton National Bank, Commercial Bank and LOLC saw gains in morning trade, while Tokyo cement and Lanka Hospitals were trading down during morning trading. (Colombo/Sep27/2023)

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Sri Lanka rupee opens at 323.50/324.10 to the US dollar, bond yields stable

ECONOMYNEXT – Sri Lanka’s rupee opened at 323.50/324.10 to the US dollar on Wednesday, after closing on Tuesday at 323.70/324.20 to the US dollar, dealers said.

A bond maturing on 01.08.2026 was quoted at 15.50/70 percent on Wednesday up from Tuesday’s close at 15.45/65 percent.

A bond maturing on 01.05.2028 was quoted at 14.50/55 percent from closing at Tuesday at 14.30/55 percent. (Colombo/Sep27/2023)

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