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Tuesday February 27th, 2024

Sri Lanka sees more than one elephant killed daily in 2023 – data

ECONOMYNEXT – At least 238 elephants have been killed up to July 14 this year in Sri Lanka led by “unidentified reasons” followed by gun shots and electrocution have been the key cause of death while highest number of tuskers have been killed in Anuradhapura district, government’s official data showed.

The data released by the President’s Media Division citing the Department of Wildlife and Conservation showed 74 elephants have died due to  unidentified reasons, while 49 elephants have died after being shot and 36 after electrocution.

North central district of Anuradhapura has seen the highest number of elephant deaths during the period with the death of 47 elephants followed by the neighbour district Pollannaruwa with 46.

Sri Lanka has seen an increase in the human-elephant conflict with the extent of elephants’ habitats is on the decline due to expansion of commercial construction and farming.

Sri Lanka’s Asian elephants have been listed as endangered as its habit shrank, especially after the expansion of rice cultivation in the early 1980s under several irrigation schemes led by the Mahaweli river valley program in the north central and the eastern region of the island nation.

The island nation’s authorities have been using the elephants to promote nature tourism in the country.

A census in 2011 counted 5,879 elephants, or roughly 6,000. A new elephant census was planned for this year.

In the 10 years to 2018, 2,456 wild elephants had died, official data showed.

Sri Lanka has erected electrical fences as a way to manage the human-elephant conflict.

When the British began ruling Sri Lanka in the 19th century it is believed that there were around 14,000 elephants in the island. Thousands were shot as human settlements expanded. (Colombo/July 19/2023)

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  1. Marcus T. says:

    There needs to be sensible government action taken to make corridors for elephants, and educate farmers about them, plus prosecution of those who are obviously setting up traps to electrocute these beautiful creatures.

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  1. Marcus T. says:

    There needs to be sensible government action taken to make corridors for elephants, and educate farmers about them, plus prosecution of those who are obviously setting up traps to electrocute these beautiful creatures.

Sri Lanka halts parate execution of defaulted SME loans

ECONOMYNEXT – Sri Lanka will suspend the procedure for banks to acquire properties used as a collateral in the event the loans are not paid off, until December this year.

“Various parties have pointed out issues existing in paying off the loans obtained by small and medium scale businessmen from banks,” Cabinet spokesman minister Bandula Gunawardena said Tuesday.

“Therefore, it is apparent that a sufficient grace period to pay off relevant debts without being a burden to the banking system should be allowed.”

“Accordingly, the Cabinet of Ministers granted approval to the proposal furnished by the President in his capacity as the Minister of Finance, Economic Stabılızation and National Policies to suspend the procedure by the banks to acquire properties of loans not paid off, until 15 December 2024, and to amend Section 4 of the Recovery of Loans by Banks (Special Provisions) Act No, 4 of 1990 to impose legal provisions required for the above.” (Colombo/Feb27/2024)

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Sri Lanka parliamentary committee says electricity tariffs should be reduced by 20 pct

ECONOMYNEXT — A parliamentary Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis has recommended to the Public Utilities Commission of Sri Lanka (PUCSL) that electricity tariffs be reduced by at least 20 percent.

A statement from parliament said on Monday February 26 that, following an analytical review of the figures presented by the Electricity Board, Public Utilities Commission, etc. and taking into consideration all other factors affecting the price of electricity, including considering the opinion given by experts that the existing electricity price can be reduced by about 33%, price of electricity should be reduced by at least 20% in the year 2024 so that the state-run Ceylon Electricity Board (CEB) will not suffer any loss.

PUCSL officials have informed the Committee that by the end of this month, they can submit the necessary recommendations to reduce the electricity bill, according to the statement.

The matter was taken up for discussion when the committee, chaired by MP Gamini Waleboda, met in the Parliament on February 22.

Officials from the Ministry of Industry, Ministry of Finance, Central Bank of Sri Lanka, Public Utilities Commission, Industry Development Board, Enterprise Development Authority, Department of Population and Statistics, Department of Inland Revenue and from government institutions including the Micro, Small and Medium Scale Industries Board and a group of industrialists had also been called for the meeting.

“The Committee gave several directives to the relevant institutions and officials to identify the micro, small and medium scale industries that are directly affected by the economic crisis and to activate the local economy and increase the foreign exchange earnings by reviving the industry sector.

“The Committee pointed out that due to the increase in electricity bills, the number of electricity connection cuts reported across the island has exceeded one million. It was also emphasised that in order to alleviate the pressure on the industry and the society, it should be arranged to provide electricity connections again by charging only 50 percent of the outstanding charges at the initial stage with the concessional basis of payment of outstanding electricity charges on installment basis,” the statement said.

The committee was also of the view to allow the customer to pay the connection fee in installments so as to avoid discouraging new entrepreneurs to start micro, small and financial industries due to high charges for getting fixed electricity connection and instructed to review the new connection fee and work to reduce it as much as possible.

The committee chair has instructed the PUCSL to conduct an audit on the electricity consumption in the public sector as an approach to ensure energy security.

“The Committee recommended to the Ministry of Finance and the Central Bank to start a loan scheme at subsidised interest for the purchase of solar panel systems with a view to promoting solar energy as a source of energy supply to industries. The Ministry of Finance expressed its agreement to provide refinancing facilities subject to a maximum as per the proposal made by the Committee to implement a loan scheme targeting micro, small and medium scale industrialists under subsidized interest rates.

The committee has also recommended that raw materials that must be imported from abroad and impose tax concessions on such raw materials be identified to ensure the supply of raw materials required for the smooth running of micro, small and medium scale industries. Copper, lead, aluminum and other industrial scraps used as raw materials in various domestic industries currently being sold by the CEB to external buyers and other entities should also be issued to micro, small and medium scale industrialists recommended by the Ministry of Industry and the Industrial Development Board, the committee has recommended.

The definition used by the Department of Population and Statistics for micro, small and medium industries and the definition used by other institutions such as the Industrial Development Board and the Central Bank for those industries are different from each other, which is an obstacle in making policy decisions, the committee had noted, directing the Department of Population and Statistics to support to the policymakers by releasing statistical data based on a common definition.

“The committee also recommended that the Credit Information Bureau should take prompt action to remove their credit information from the blacklists so as to facilitate access to credit facilities for micro, small and medium scale industries facing financial crisis to activate their balance sheets and to review all existing laws and procedures for registration of micro, small and medium scale industries as well as to obtain licenses and introduce a simple system.

“The committee informed all the parties to establish a steering Committee headed by the Ministry of Industry to implement the recommendations given by the Committee and to report its progress within a week,” the statement said. (Colombo/Feb27/2024)

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Sri Lanka sets up fund to help children of Gaza

The United Nations Relief and Works Agency for Palestine Refugees in the Near East is mandated to provide education, health, relief and social services, and emergency assistance to refugees. (Pic courtesy UNWRA)

ECONOMYNEXT – Sri Lanka’s cabinet of ministers have approved a proposal by President Ranil Wickremesinghe to set up a fund to help children caught in the war in Gaza, a statement said.

The government will contribute a million US dollars and use funds allocated by state agencies for Ifthar celebrations.

Public contributions are also called.

The Presidential Secretariat is requesting public donations citizens for the “Children of Gaza Fund” to be contributed to account number 7040016 at Bank of Ceylon (7010), Taprobane Branch (747) by 11th April.

Deposit receipts should to be forwarded to 0779730396 via WhatsApp. (Colombo/Feb27/2024)

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