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Saturday April 20th, 2024

Lovely Ella has a big dirty problem

Ella’s growing pile of garbage/morning.lk

ECONOMYNEXT- Ella, that lovely mountain resort which is now a popular tourist destination in Sri Lanka is awash with garbage because there isn’t enough space in the town dump for the waste.

Ella Pradeshiya Sabha Chairman, Amila Basnayaka told EconomyNext the ten perch land reserved as a garbage disposal site is too small.

The dump which was built more than a decade ago “according to the needs of the town. It’s too small for today’s needs, Basnayaka said.

Basnayaka also said that managing waste is a challenge. “We cannot do any composting as that process needs high temperatures which Ella does not have,” he pointed out.

Basnayaka is doing the rounds looking for suitable land to start a dump, but none has been forthcoming.

“We have asked for a piece of land from the forest department from the Madugasthalawa area. It is a barren land of 5 acres,” Basnayaka said.

“We only store the garbage. That means we do not sort it out and use it for compost or recycling.” Basnayaka said.

Basnayaka said if a solution is not given immediately the garbage collection will come to halt.

“We will have to stop collecting garbage within a few days because the mound of garbage in the dump is high and is about to collapse on to the Ella-Wellawaya road.”

Basnayaka said the issue should be considered as a national issue because Ella is such an important tourist destination and a solution found immediately.

Basnayaka is accusing the Forest Department of dragging its feet on the case for 2 years without providing a proper solution.

A Spokesman for the Uva Provincial Governor said, they are looking for alternative solutions other than the Forest department land, and also have taken steps to acquire land for this purpose.

“We will find a solution for this immediately. We have looked for several lands and we have written to the related parties,” the official said.

The Tourism and Commercial Association (TCA) of Ella told EconomyNext, the garbage problem will affect the tourism industry in the area if a solution is not given immediately.

“There are 800 hotels and restaurants in Ella. And about 600 are registered.” TCA Ella said.

“Between 3 and 5 tons of garbage is disposed every day by these restaurants.”

TCA Ella said, the Governor’s office contacted them, and working on alternative solutions.

“We have talked with the governor about this issue and they are trying to provide land which we can use.” (Colombo/ Jan 29/ 2020)

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  1. Pradeeep says:

    Where is income which generate from tourism business to council, what are they spending those tax income from 600 registered hotel? do local government official knows what is their job is? if they more tourist they gain more business income they much spend those for infrastructure needed . what a stupid local authorities blaming to each when business increased in their area,

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  1. Pradeeep says:

    Where is income which generate from tourism business to council, what are they spending those tax income from 600 registered hotel? do local government official knows what is their job is? if they more tourist they gain more business income they much spend those for infrastructure needed . what a stupid local authorities blaming to each when business increased in their area,

Sri Lanka discussing giving extra land, water for Chinese oil refinery

ECONOMYNEXT – Sri Lanka is in discussions with China’s Sinopec to give extra land and assure water supplies after the company decided to expand the capacity of a planned oil refinery in Hambantota, Energy Minister Kanchana Wijesekera said.

“There are concerns on how the water supply is going to be provided for the refinery,” Minister Wijesekera told reporters Friday.

The refinery will need more land and also revise conditions in a Board of Investment agreement, he said.

Read more
Sinopec to double capacity of new refinery in Sri Lanka’s Hambantota

Recommendations and decisions from Sri Lanka’s side had already been sent and Sinopec is expected to revert back in May.

“We are hoping to sign the agreement once everyone has agreed,” Wijesekara said.

The principle agreements are expected to be signed by June, he said.

The refinery could sell up to 10 percent of its output in the domestic market.

“There is no commitment by the government to purchase anything,” Minister Wijesekera said. (Colombo/Apr19/2024)

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Sri Lanka rupee closes weaker at 302.00/50 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 302.00/50 to the US dollar in the spot forex market on Friday, down from 301.50/302.00 a day earlier, dealers said.

There was increased demand for dollars after the central bank bought 715 million dollars from forex markets. In the previous two months it was buying on average about 200 million US dollars, leaving market participants and bank in a ‘oversold’ position.

There were some official dollars sales Friday dealers said.

READ Sri Lanka rupee quoted wide to US dollar as peg inconsistencies flare up

Bond yields were broadly steady.

A bond maturing on 15.12.2026 closed at 11.30/40 percent down from 11.35/40 percent.

A bond maturing on 15.09.2027 closed at 11.95/12.05 percent up from 11.90/12.05 percent.

A bond maturing on 15.12.2028 closed stable at 12.15/25 percent.

A bond maturing on 15.09.2029 closed stable at 12.30/40 percent.

A bond maturing on 01.10.2032 closed stable at 12.40/50 percent. (Colombo/Apr19/2024)

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Sri Lanka stocks close down, banks trade down

ECONOMYNEXT – The Colombo Stock Exchange closed down on Friday, data on its site showed.

The broader All Share Index closed down 0.38 percent, or 44.80 points, at 11,753; while the S&P SL20 Index closed down 0.53 percent, or 18.46 points, at 3,456.

Turnover was at 1.4 billion. The diversified financials (Rs366mn) and banks (Rs266mn) sectors continued to see selling pressure.

“This was possibly due to uncertainty around the bond discussions,” market participants said.

With the exception of Sampath Bank Plc (up at 77.50) all other banks traded down in the day. Commercial Bank of Ceylon Plc was down at 104.50, Hatton National Bank Plc was down at 188.50, and DFCC Bank Plc was down at 77.00.

LOLC Finance Plc saw the most trades and closed up at 6.40. Another LOLC company, Browns Investments Plc, also saw high traded volumes and closed up at 5.60.

Softlogic Capital Plc was up at 7.00, and Softlogic Holdings Plc was up at 11.20. A trading suspension imposed on SHL.N0000 was lifted effective today as the company submitted the annual report for the year ended 31st March 2023.

However, shares of the Company will remain in the Watch List “due to Qualified Audit Opinion and Emphasis of matter on going concern in the Independent Auditor’s Report in the Audited Financial Statements for the year ended 31st March 2022.”

Dialog Axiata Plc, which announced its merger with Bharti Airtel Thursday, saw its share price close up at 11.90.

“There was some traction on index heavyweights,” market participants pointed out.

Top contributors to the APSI included Aitken Spence Plc (up at 134.50), Ceylon Tobacco Company Plc (up at 1,245.25, and Lion Brewery (Ceylon) Plc (up at 1,048.50).

There was a net foreign inflow of 5 million. (Colombo/Apr19/2024)

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