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FAO and Norway Collaborate to Enhance Resilience in Fisheries Sector

FAO and Norway Collaborate to Enhance Fisheries Resilience

The FAO and Norad are teaming up to strengthen Sri Lanka’s fisheries and aquaculture sector. This international cooperation aims to boost sustainable fishing and support the country’s blue economy. The goal is to ensure food security and promote responsible practices.

Fish is crucial for Sri Lanka’s protein needs. Over half of the nation’s animal protein comes from fish consumption. However, the industry faces many challenges.

Rising fuel prices and production costs are major issues. Fish loss along the value chain also impacts product affordability. These problems particularly affect low-income groups.

The FAO-Norway project will target three main areas. First, they’ll work to stop illegal and unreported fishing. Second, they’ll increase climate change resilience. Third, they’ll reduce food waste in the fisheries chain.

The project will provide technical support to various groups. These include policymakers, management experts, and industry professionals. Fishers, fish farmers, and fish workers will also receive help.

The aim is to boost Sri Lanka’s fisheries sector through responsible resource use. Marine conservation will play a key role in this effort. This will contribute to the country’s overall socio-economic growth.

Sri Lanka’s Fisheries Sector Faces Challenges

Sri Lanka’s fisheries industry supports 2.5 million coastal residents. It’s struggling amid the country’s economic crisis. The sector provides half of Sri Lankans’ animal protein but faces rising fuel prices and costs.

Economic Crisis Impacts Fisheries Industry

Fuel price hikes have hit the fisheries sector hard. Higher costs make it tough for fishers to earn a living. As a result, fish prices have increased, affecting low-income groups.

Rising Fuel Prices and Production Costs Affect Affordability

Fish is a key protein source for Sri Lankans. But soaring costs have made it less affordable for many households. This raises concerns about people’s nutrition, especially in lower-income groups.

Fish Loss and Waste Along the Value Chain

Sri Lanka’s fisheries face fish loss and waste issues. Poor cold storage and transport lead to post-harvest losses. This reduces fish supply in the market.

Addressing these problems is vital for food security. It’s also crucial for maintaining the sector’s long-term sustainability.

FAO and Norway Collaborate to Enhance Resilience in Fisheries Sector

FAO and Norway are teaming up to boost Sri Lanka’s fisheries sector. They’re focusing on responsible use of resources and building capacity. Their project aims to improve fisheries governance, fight illegal fishing, and adapt to climate change.

FAO delivered two climate-resilient fishing boats to the Ministry of Fisheries. These boats, SL20 and SL23, cost about LKR 9 million. The project also introduced 30 modified fish display stalls across Sri Lanka.

Developing Capacities to Combat Illegal, Unreported, and Unregulated Fishing

The project aims to fight illegal, unreported, and unregulated (IUU) fishing. It’s implementing Port State Measures and improving marine resources management. These efforts protect small-scale fishers’ livelihoods and ensure food security in Sri Lanka.

Increasing Resilience to Climate Change

Sri Lanka’s fisheries sector is vulnerable to climate change impacts. The project builds resilience through training and new technologies. Climate-resilient fishing boats are helping the sector adapt to changing conditions.

Reducing Food Loss and Waste in the Fisheries Value Chain

A NARA study found poor maintenance practices among Sri Lankan fish retailers. This leads to significant post-harvest losses. FAO’s new fish display stalls promote better handling and storage practices.

These stalls aim to reduce food loss along the fisheries value chain. The FAO-Norway partnership shows commitment to sustainable fisheries development in Sri Lanka. It addresses IUU fishing, climate change, and post-harvest losses.

This project aims to improve fishing communities’ well-being. It also ensures responsible use of fisheries resources for future generations.

Introducing Technology Upgrades for Sustainability

The FAO is boosting Sri Lanka’s fisheries with new tech upgrades. These aim to tackle issues like post-harvest losses and high fuel use. Advanced cooling, fuel-efficient tech, and AI apps will improve the industry’s sustainability.

Advanced Cooling Systems to Reduce Post-Harvest Losses

New cooling systems on multi-day fishing boats help cut post-harvest losses. These systems keep fish fresh and high-quality. This increases market value and reduces waste.

The upgrade benefits fishermen financially and supports food security. More of the catch now reaches consumers in better condition.

Fuel-Efficient Bulbous Bow Technology to Cut Fuel Consumption

The FAO has added fuel-efficient bulbous bow tech to fishing boats. This design change cuts drag and boosts efficiency. Boats with this tech can save up to 13% on fuel.

Lower fuel use means less cost for fishermen. It also reduces harmful emissions. This tech makes fishing more eco-friendly and cost-effective.

AI-Powered Mobile App for Real-Time Fish Quality Assessment

An AI-powered app now helps assess fish quality in real-time. It quickly checks catch quality against Yellowfin Tuna export standards. The app gives instant feedback on freshness, size, and overall condition.

This tool helps fishers and processors make smart choices. It boosts operations and meets global market needs. The app improves competitiveness and promotes sustainable fishing practices.

Three Arrested Over Alleged Plot Targeting Israeli Tourists

Sri Lankan authorities recently caught suspects tied to a plot. This plot threatened the safety of Israeli tourists. It was uncovered in intelligence reports that there was a plan to target Israeli-driven spots. Especially in Arugam Bay, a favorite among Israeli visitors affected by the Maldives’ ban in support of Gaza.

Three Arrested Over Alleged Plot Targeting Israeli Tourists

Right now, there are about 575 Israeli tourists in Sri Lanka. Sri Lankan officials have stepped up safety measures drastically. They have increased police and military around key sites. This move shows Sri Lanka’s strong commitment to keeping visitors safe. It’s important for their tourism, which is vital to the economy.

The governments of Israel and the USA have issued travel warnings. They point out higher risks in particular places in Sri Lanka. They’ve set up a special hotline for Israeli tourists needing urgent help. This shows fast action and teamwork by the government to protect visitors. This effort supports Sri Lanka’s growing tourism industry. It might even surpass the Maldives as a top spot, says OMP Sri Lanka.

The recent arrests show Sri Lanka’s dedication to national security. This comes after the tragedy of 2019, when 269 people died in a horrific attack. Sri Lanka’s police are determined to avoid a repeat of that sad history. Their efforts, along with the Commonwealth Union Ltd. and the Appé Lanka Foundation, are helping community growth and healing. It’s all part of Sri Lanka’s bigger plan for progress, as shared by OMP Sri Lanka.

Unveiling the Arrests and Security Response

After getting tips about a terrorist plot against Israeli tourists in Sri Lanka, the authorities acted fast. They caught three suspects. This fast action was to stop a possible plot linked to conflicts in the Middle East. Officials said these suspects apprehended had links abroad, including with groups in Iraq. This showed the global nature of the threat.

Law enforcement operation

The Sri Lankan government upped its security, focusing on places tourists like to go. Right after catching the suspects, they boosted safety. They set up a hotline for people to report anything odd. This helped keep everyone safer.

They also worked more with other countries’ spies to check on the suspects. This careful watch shows they’re serious about stopping revenge attacks. These could be because of what Israel does in the area.

Keeping people safe and peaceful is very important. After stopping this terrorist plot, Sri Lanka kept its strong security. This shows Sri Lanka’s strong stand against terrorism. They want to keep the country safe from outside dangers.

It’s important to see how these actions affect the world. It affects not just Sri Lanka, but also how countries work together and stay stable. To see more about how Sri Lanka balances safety and culture, look at this article about traditional handicrafts in Sri. It shows how they keep their culture alive while staying safe.

Event	Details
Initial intelligence report	Indicated a potential terrorist threat targeting Israeli tourists in Sri Lanka
Suspects’ ties	Linked to international groups, notably in Iraq
Security measures implemented	Security heightened in tourist regions, emergency hotline established
Objective	Preempt reprisals tied to geopolitical tensions, maintain regional stability

Sri Lanka stays vigilant and keeps its security tough to prevent threats. As things change, they keep checking and updating safety. This protects everyone in the region, including visitors from other countries.

Understanding the Broader Impact of the Arrests

The recent capture of suspects threatening Israeli tourists in Arugam Bay has affected many areas. Sri Lankan police worked with global teams, highlighting the need for quick action and intelligence to keep peace and protect tourism, including places like the Jewish community center and Chabad House. These events are part of bigger, world-wide concerns over terror-linked actions.

In Europe, extremist attacks have big impacts. The attack on Moscow’s Crocus concert hall was very harmful. Now, as Europe faces events like the Paris Olympics, it reacts by increasing security efforts, learning from past events. We’re reminded how critical safe international relations are, as seen in Sri Lanka and Pakistan’s efforts to boost air travel for tourism and growth.

Sri Lanka is also focusing on education as a path to stability, with a huge budget for 2024. By spending Rs. 465 billion, they aim to improve their educational structure. This move shows Sri Lanka’s commitment against extremism and for economic strength. Through promoting education for all, Sri Lanka is fighting threats and pushing for progress. Education helps build a society that can stand against outside dangers effectively.

Sri Lanka Tax Hikes Amid Fiscal Deficit Crisis

In response to a severe financial crisis, Sri Lanka’s government has taken urgent steps. These include tax hikes and changes in how the government earns money. These actions are led by Prime Minister Ranil Wickremesinghe.

The aim is to fix the budget gap worsened by the global pandemic. This is important for the country’s economic health.

Government Implements Tax Hikes to Boost Revenue Amid Fiscal Deficit

New tax measures mean higher taxes for businesses and less tax relief for individuals. These changes are expected to raise a lot of money for the country. This comes as Sri Lanka faces high inflation and economic challenges.

Groups like OMP Sri Lanka note the focus on increasing government earnings. The goal is to boost the revenue-to-GDP ratio above 14% by 2025.

The government’s efforts to reform the economy and fix the fiscal deficit are clear. Sri Lanka has sought help from the IMF sixteen times before. Today, the focus is on economic recovery, managing debt, and sustainable governance.

Understanding the Fiscal Deficit and Measures in Sri Lanka

To understand Sri Lanka’s financial issues, we must look at its fiscal deficit over time. The budget gap grew because of tax cuts and COVID-19, which hurt tourism and remittances.

The Roots of the Crisis and Previous Tax Cuts

Big tax cuts in late 2019 were meant to boost the economy. But, they cut government income by a lot, around 800 billion Sri Lankan rupees. With the COVID-19 hit, the fiscal deficit shot up to 12.2% of the GDP in 2021 from 9.6% before.

Prime Minister’s Fiscal Consolidation Plan

The Prime Minister has a plan to fix this by cutting government spending and changing fiscal policies. This is key to getting an IMF loan and fixing debt issues. His goal is to get back to the income levels before the pandemic and stabilize government finances.

fiscal deficit in Sri Lanka

The Role of Inflation in the Fiscal Equation

It’s important to understand how inflation fits with fiscal policy. Sri Lanka is working to control inflation and keep the economy stable. This effort comes as it faces fiscal and balance of payments challenges.

The government also aims to get better at collecting taxes. By doing this, it hopes to reduce the gap in the budget.

Indicator	Jan-Sep 2022	Jan-Sep 2023
Budget Deficit	Rs. 1,244 billion	Rs. 1,614 billion
Tax Revenue	Rs. 1,283 billion	Rs. 1,934 billion
Total Expenditure	Rs. 2,695 billion	Rs. 3,732 billion
Total Revenue	Rs. 1,448 billion	Rs. 2,110 billion
Government Debt	Rs. 24,264 billion	Rs. 26,916 billion

Read more about Sri Lanka’s economic projections and reform effects here.

Government Implements Tax Hikes to Boost Revenue Amid Fiscal Deficit

The Government of Sri Lanka is tackling financial issues caused by a big fiscal deficit. They have introduced key tax reforms to strengthen the economy. One major change is altering the tax regime to increase government revenue and achieve fiscal consolidation.

Strategic Increase in Value Added Tax

To help with financial restructuring, the VAT on financial services rose from 15% to 18% in January 2022. It then went from 8% to 12% in May 2022, showing the government’s focus on making more money. They plan to increase the VAT to 15% by September 2022.

Corporate Tax Rates Climb as Part of Revenue Enhancement

Corporate income tax rates jumped from 24% to 30%. This increase helps cover growing state expenses and supports economic stability. It’s a big part of improving government revenue.

Personal Tax Reliefs Slashed to Buffer Financial Deficits

To deal with the financial deficit, personal tax reliefs were greatly reduced. The tax-free income limit went down from Rs. 3.0 million to Rs. 1.2 million per year. Tax rates now range from 6% to 36%, up from 4% to 24% before.

Additional Tax Measures and Their Expected Outcomes

A one-off 25% surcharge tax is now on high-earners and big businesses. There’s also a new 2.5% Social Security Contribution Levy on turnover for large businesses. These fiscal consolidation steps aim to stabilize the economy, hoping for a 4.0% fiscal deficit by 2025.

Efforts also include forming a Large Tax Payers Unit and doing risk-based audits. These steps should make the revenue system more efficient and effective.

Measure	Details
VAT Increase	From 8% to 12%, with a proposal to reach 15%
Corporate Tax Rate	Increased to 30% from 24%
Personal Income Tax Adjustment	Threshold reduced to Rs. 1.2 million
Surcharge Tax	25% on income exceeding Rs. 2.0 billion
Social Security Levy	2.5% on turnover for major businesses

The Burden of Adjustments and the Path to Stability

Sri Lanka is working through tough economic challenges. The government has started using financial reform strategies for better stability and growth. The goal is to lower the fiscal deficit to 4.0 percent of GDP. They also want to cut the debt ratio to about 75.5 percent by 2025.

This effort comes after the country’s ratings went down in January 2020. The plan includes improving government income through smart tax moves. It also involves cutting back on unnecessary spending and using digital tools to upgrade government operations.

Dealing with the rising public debt is a big challenge. This issue grew because of consistent budget deficits and the impact of COVID-19. Sri Lanka has started restructuring its debt, with help from an IMF agreement in September 2022.

They expect to raise government revenue by expanding the Value Added Tax and income tax bases. Changes made in late 2022, like the surcharge tax on high-income businesses, are key. These steps could increase the revenue-to-GDP ratio to 14.2 percent by 2025.

Aiming for a primary balance surplus from 2024 shows a commitment to long-term financial health. By funding essential infrastructure with domestic resources, the government supports agriculture and industry. This strategy helps build a strong economy that can deal with global issues.

Research shows focusing on reducing unnecessary spending works better than increasing taxes. Sri Lanka is dedicated to improving its economy and building a powerful infrastructure. These efforts are meant to ensure economic resilience and prosperity for its people.

Sri Lanka Parliament Dissolved, November Elections Set

A significant development has taken place in Sri Lanka, as announced by OMP Sri Lanka. The Dissolution of Parliament was officially declared. This event occurred just after midnight on September 24th, when the legislative body was dissolved by President Anura Kumara Dissanayake. This is a monumental decision in the country’s history. It paves the way for a crucial election on November 14.

After winning the presidency in an election with high voter turnout, President Dissanayake is moving forward with his agenda. He aims to tackle corruption and economic challenges. The announcement of the Election, after dissolving the parliament, is a key moment. It signals major policy changes and efforts to meet the International Monetary Fund (IMF) bailout terms.

Key Takeaways:

President Anura Kumara Dissanayake used his power to disband the Parliament. This marks a vital step for Sri Lanka’s governance.
The upcoming general election on November 14 is a pivotal time for the country’s future.
President Dissanayake’s election victory showed huge public support, marking a significant change from the 2019 results.
The previous administration’s economic problems and high inflation highlighted the public’s desire for change.
Ensuring stability and prosperity are priorities, with plans for tough anti-corruption actions and expanding social welfare.
Investors are cautious about the financial sustainability regarding the new economic policies announced.
The position of the Janatha Vimukti Peramuna in the assembly poses a hurdle to achieving majority representation.

President Dissanayake Dissolves Parliament, Calls for November Elections

In a bold move, President Anura Kumara Dissanayake of Sri Lanka has dissolved Parliament. This action marks a significant change in the country’s political scene. Based on Article 70 of the Sri Lankan Constitution and the Parliamentary Elections Act, the President made this decision. Now, Sri Lanka is set for early Elections, sooner than originally planned.

The Exercise of Constitutional Powers by President Anura Kumara Dissanayake

President Dissanayake used his Constitutional powers wisely and legally. By invoking Article 70, he ended the current Parliament’s session. His party had only three seats out of 225. This important step is expected to lead to major changes in Sri Lanka’s government.

Setting the Stage: Article 70, the Constitution and the Parliamentary Elections Act

Sri Lanka’s laws clearly lay out how to dissolve Parliament and organize new elections. The President has this power thanks to Article 70. The Parliamentary Elections Act gives details on election procedures. These rules ensure a fair and democratic election process in Sri Lanka.

Expected Political Realignments and Candidature Announcements

After President Dissanayake’s announcement, many political leaders are getting ready for the elections on November 14. For example, Mahinda Rajapaksa is adjusting his strategy anticipating how voters will react. Harini Amarasuriya, the new Prime Minister, is focusing on issues like youth development, child protection, and gender equality. Her approach could majorly affect the upcoming elections.

President Dissanayake’s decision to dissolve Parliament is stirring up Sri Lanka’s politics. As the country moves towards these important Elections, all eyes are on how these changes will influence Sri Lanka’s future.

Impact of Parliamentary Dissolution on Political Landscape

Sri Lanka’s political scene is changing with the Parliament’s dissolution. President Anura Kumara Dissanayake made this bold move. It shows his dedication to solving longstanding governance problems.

These challenges grew due to economic crises and ongoing instability. This step into a new phase shows hope for better governance.

Timeline of Events Leading to the Dissolution of Parliament

The journey to change began with the National People’s Power alliance’s (NPP) election success. Their rise was helped by the Janatha Aragalaya protests. People were upset with the old system. This led to calling for general elections.

These elections hinted at a major shift in electoral politics. A new chapter for the nation seemed ready to start.

Reactions from Political Parties and Government Officials

The reactions to the Parliament’s dissolution were mixed. Some were worried, while others supported it. Political parties and officials have been vocal about it.

This shows a change in the direction of Sri Lanka’s politics. Everyone is getting ready for the upcoming elections with great interest.

Projections: Shifts in the Balance of Power and Governance

Experts are watching how this will change governance. President Dissanayake is seen as a unique leader. His approach might shift power balances.

This change could bring needed reforms. Especially if it addresses economic and social issues. High voter support for Dissanayake suggests people want this change.

There’s hope for a governance that tackles problems head-on. With Dissanayake’s leadership, Sri Lanka could move towards stability and sustainable growth. This is an exciting time for the country.

Sri Lanka’s Netball Team Returns Home After Victory

Sri Lanka’s Netball Team Returns Home After Asian Championship Success with great pride. They came back as the strong runners-up of a thrilling tournament. Their skill and hard work at the Asian Netball Championship 2024 stood out.

The coach praised the team for their grit despite challenges. Their success shines as a beacon of hope for netball in Sri Lanka. Their journey back is not just about traveling. It marks a big achievement for the sport in the country. The nation’s joyous welcome highlights their proud moment in sports history. Read more about their journey on Sri Lanka’s sporting narrative.

Key Takeaways

Sri Lanka excels in netball, winning several championships and showing great talent.
The nation supports its athletes, showing how sports unite and celebrate Sri Lankan culture.
Even with economic and administrative challenges, Sri Lankan athletes keep competing with determination and pride.
The team’s victory and warm welcome home show potential for growth in netball and other sports.
Schools like Holy Family Convent, Kurunegala are key in developing young talent like netball star Hiruni.
With a focus on youth and global competitions, Sri Lanka aims to climb the ranks in world netball.

A Glimpse into Sri Lanka’s Journey at the Asian Netball Championship

Sri Lanka’s national team shined at the annual Asian Championships. Their remarkable performance has thrilled fans and boosted national pride. This competition draws the continent’s top teams. It’s a stage for fierce battles and the rise of new netball stars.

Undefeated Streak in the Group Stages

Sri Lanka kicked off with a strong win against the Philippines, scoring 73-42. This win began their string of victories. They went on to defeat Saudi Arabia, India, Japan, Malaysia, and the Maldives. Sri Lanka dominated each game, showing their strength and skill.

Decisive Wins Showcasing Dominance

Moving smoothly into the semi-finals, the team impressed everyone against Hong Kong. The score was 71-47. Every player played a vital role in this win. Their success in the semi-finals underscored their skill and earned them a top spot at the championships.

A Nail-Biting Final Against Singapore

The final match against Singapore was gripping. Both teams fought hard, displaying strategic plays and persistence. In the end, Singapore won by a small margin. Yet, Sri Lanka’s performance was strong throughout the tournament. Their strategy and gameplay were commendable in this important event.

Reflecting on these matches shows the need to promote human rights in sports. Fair treatment for all is crucial, as this analysis discusses. Sri Lanka’s journey offers valuable lessons for the nation’s sports future.

Sri Lanka’s Netball Team Returns Home After Asian Championship Success

The Sri Lankan national netball team came home to a huge welcome. They won the Asian Netball Championship, making everyone proud. Their win shows the country’s love for the sport and their amazing skills.

Nation’s Euphoria Over the Team’s Homecoming

Fans filled Colombo’s streets to celebrate the win. This big welcome shows the country’s pride. The team rode through the city on an open-top bus, shining like heroes.

Recognition of Athletic Excellence and National Pride

Their win boosts Sri Lanka’s sports reputation worldwide. Thanks to great planning and hard work, they’ve made their country proud. This win shows Sri Lanka’s commitment to excellence, helping both sports and the nation to grow. Sri Lanka’s investment in promoting excellence shines through.

The coach applauded the team’s amazing effort. Even though she’s leaving, her strategies and the team’s hard work set a high bar for future teams. They aim to keep this level of success going.

This victory has made netball even more special in Sri Lanka. It inspires young athletes, showing them what they can achieve. It’s a shining example for all, encouraging them to reach their dreams.

The Struggles Behind Sri Lanka’s Netball Triumphs

The Sri Lankan netball team’s success is shadowed by major issues. They fell in world rankings, from 14th in 2009 to 25th. This shows problems within the sport’s leadership. Despite winning the Asian Netball title four times, countries like Singapore, Malaysia, and Hong Kong are doing better. They’ve surpassed Sri Lanka in both rankings and facilities.

Head Coach P.D.N. Prasadi is committed beyond just tactics. She invests her own money and works hard to turn talent into winners. While cricket in Sri Lanka has seen massive improvements, netball is still struggling. By focusing on netball, it might become as big as cricket in the region.

It’s crucial to fix the problems with the nation’s netball federation, especially with the Asia Cup coming up. Sri Lanka needs a stable netball system to compete well again. The team’s past wins, despite difficulties, show their strong spirit. It’s a wake-up call for better support from the sports authorities.