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Wednesday February 1st, 2023

Sri Lanka ranks as the country which killed the largest number of Elephants in the world – COPA

ECONOMYNEXT – Sri Lanka has earned the dubious ranking as the country where the largest number of Elephants are killed because of the Human-Elephant conflict, a Parliamentary Committee has heard as evidence of an increase in the intensity of the conflict was presented by experts.

This country is also ranked number two globally where humans have died in conflict with wild Elephants, testimony led before the Committee on Public Accounts (COPA) heard according to a statement released by the Parliament’s Office of Communications said.

This information was provided to COPA which had ordered a special audit into the Human-Elephant conflict by renowned Elephant expert Dr Prithviraj Fernando the head of the Centre for Conservation and Research.

The COPA Chair, Prof Tissa Vitharana disclosed that in the past 12 months the number of elephants killed in conflict with humans was 407 as against the previous annual average of 272. The number of people killed also increased from an average of 85 humans to 122 per year

Vitharana reflecting the opinion of the other members of the committee instructed the Wildlife Department and other associated bodies to come up with a plan as whatever has been done over the past sixty years has only served to exacerbate the conflict.

The Chairman also called for report on how the allocation of LKR150 million for the Civil Defense Department to assist with the Human-Elephant conflict has been spent. He ordered the report submitted within 3 weeks.

The electrified Elephant fences were also discussed as many villagers believed that the fences were also marking the village borders. The resistance from these people had to be overcome by discussion and persuasion, the committee said.

The committee members also noted that a large number of Elephants were injured, some fatally, by attacks by humans. Punishments for people against such acts was slow. The committee also noted that although a large number of Elephants were killed by people the records do not reflect that.

The committee session presided by Vitharana also included State Ministers Dayasiri Jayasekara and Lasantha Alagiyawanna as well as MPs Tissa Attanayake, Gunapala Ratansekara, Dr Upul Galappaththi and Prof Ranjith Bandara.
Senior officials of the Ministry of Wildlife were also present.

(Colombo, December 10, 2020)

Reported by Arjuna Ranawana

Comments (4)

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  1. Nilani ljunggren de silva says:

    Elephant population is growing. Elephants are developing taste on human garbage; human are expanding into elephants territories. Hard issue to control. In Sweden when animal population such as wolf grew and attack people swedes were allowed to kill them. But situation is different When other countries do it. It’s a dilemma one has to do what one has to do.

  2. sacre blieu says:

    Naturally the population has grown more in size and distribution compared to the elephants and animals, and as a result encroaching of natural habitat has contributed to the issues, and is heading towards the precipice of final disaster, if not firmly controlled. Many years ago, the drive, to take an example, from Puttalam to Kurunegala was like going through an open zoo, and the air was clean and the vegetation dense. The rivers were flowing with crystal clear water alive with fresh water marine life.

  3. Regina Walsh says:

    Shocking! Appalling cruelty and ignorance!

  4. Emil van der Poorten says:

    More committees, more reports and more dead elephants, while the members of these committees continue to draw their per diems.

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Comments (4)

Cancel reply

Your email address will not be published. Required fields are marked *

  1. Nilani ljunggren de silva says:

    Elephant population is growing. Elephants are developing taste on human garbage; human are expanding into elephants territories. Hard issue to control. In Sweden when animal population such as wolf grew and attack people swedes were allowed to kill them. But situation is different When other countries do it. It’s a dilemma one has to do what one has to do.

  2. sacre blieu says:

    Naturally the population has grown more in size and distribution compared to the elephants and animals, and as a result encroaching of natural habitat has contributed to the issues, and is heading towards the precipice of final disaster, if not firmly controlled. Many years ago, the drive, to take an example, from Puttalam to Kurunegala was like going through an open zoo, and the air was clean and the vegetation dense. The rivers were flowing with crystal clear water alive with fresh water marine life.

  3. Regina Walsh says:

    Shocking! Appalling cruelty and ignorance!

  4. Emil van der Poorten says:

    More committees, more reports and more dead elephants, while the members of these committees continue to draw their per diems.

Sri Lanka shares edge up at close

ECONOMYNEXT- Sri Lanka’s shares edged up on Wednesday pushed as investors bought in to beaten down shares following the previous session’s drop, market analyst said.“

At this price level what we are seeing is a lot of confidence from the investors to collect when the prices drop. So, the market is not falling sharply,” a market analyst said.

Market had also seen buying in Expolanka shares on speculation that the parent company of SG Holdings was buying back into the shares.

All Share Price Index (ASPI) edged up by 0.96 percent or 84.96 points to 8,950.01.

The most liquid index S&P SL20 gained 1.27 percent or 35.02 points to 2,799.53.

Banking and Insurance counters had seen interest on the back of positive sentiments from the IMF.

The central bank has said it could cut interest rates in future when the the country sees fall in inflation, which has already started decelerating.

The market saw a turnover of 1.5 billion rupees today,lower than the month’s daily average of 1.8 billion rupees and nearly half of 2022 average turnover of 2.9 billion rupees.

The bourse saw a flow of net foreign inflow of 45 million rupees extending the net offshore buying to 1.9 billion so far this year.

Top gainers of the day were Commercial Bank, Expolanka, and Ceylinco Insurance. (Colombo/Feb01/2023)

 

 

 

 

 

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Sri Lanka bond yields down at close

ECONOMYNEXT – Sri Lanka’s bond yields were down at close following a bond auction on Wednesday, dealers said while a guidance peg for interbank transactions remained unchanged.

“The rates were steady at the auction,” a dealer said.

“This can be a signal to the market saying the rates will go down in the future.”

A bond maturing on 01.07.2025 closed at 32.40/60 percent, down from yesterday’s 32.60/85 percent.

A bond maturing on 01.05.2027 closed at 29.10/35 marginally down from yesterday’s 29.20/75 percent.

The Central Bank’s guidance peg for interbank US dollar transactions remained unchanged at 362.14 rupees against the US dollar.

Commercial banks offered dollars for telegraphic transfers at 371.38 rupees on Friday, data showed. (Colombo/Feb 01/2022)

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Sri Lanka bill auction hits pothole after 2025 bond spike

ECONOMYNEXT – Sri Lanka sold only 45 billion rupees in Treasury bills at Wednesday’s auction after offering 120 billion rupees, data from the state debt office showed, amid market confusion over a spike in a two year bond at an earlier action.

30.1 billion rupees of 3-month bills were sold at 29.91 percent, unchanged from a week earlier after offering 60 billion rupees for auction.

5.1 billion rupees of 6-month bills were sold at 28.72 percent, flat after offering 30 billion.

10.3 billion rupees of 12-month bills were sold at 27.72 percent after offering 30 billion.

Phase II subscriptions have been opened.

The market was foxed after the 2025 bonds were accepted at sharply higher yield than market on January 30, dealer said.

There was further confusion as the there was an outright purchase of 2025 at around 29 percent earlier in January.

Some investors speculated that the authorities were trying to drive more buyers towards short end bonds as bill volumes were getting larger. (Colombo/Feb01/2023)

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