कोशिश गोल्ड - मुक्त
Were lessons learnt from X-Press Pearl maritime disaster?
Daily FT
|August 14, 2025
THE Supreme Court recently delivered a landmark ruling in which it ordered the owners and operators of the MV X-Press Pearl to pay $ 1 billion in compensation for the devastation caused to the environment and the economic cost caused by the sinking of the ship off the island’s western coast in 2021.
-
While the judgment of the five-member judge bench was welcomed by many, the SC ruling also exposed how State institutions entrusted with dealing with a situation like the X-Press Pearl disaster failed to discharge their responsibilities as they should’ve done in the immediate aftermath of the disaster. The Marine Environment Protection Authority (MEPA) role in the aftermath of the accident was criticised by the court as well as the failure of the relevant ministers who held office at the time. The Court also exposed the lack of preparedness at the Colombo harbour to act in such an emergency.
The Government authorities are now in the process of discussing how the SC ruling can be implemented and how the process of compensation payment can take place.
The X-Press Pearl incident is the worst maritime disaster to have struck Sri Lanka and continues to have a significant impact on the country’s sensitive coastal environment, local communities and the economy.
यह कहानी Daily FT के August 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Daily FT से और कहानियाँ
Daily FT
Registration of Ditwah-hit businesses for Rs. 200,000 relief extended to 16 Jan.
THE Industry and Entrepreneurship Development Ministry said business registration for export, manufacturing, and other enterprises affected by Cyclone Ditwah has resumed under a second phase and will be extended until 16 January.
1 min
January 06, 2026
Daily FT
SSC to illuminate sky during Men’s T20 World Cup 2026
SRI Lanka Cricket yesterday conducted a media tour of the SSC grounds in a bid to create public awareness about the latest development taking place at the ground, focusing on the ICC Men's T20 World Cup 2026.
1 min
January 06, 2026
Daily FT
Tourism arrivals grow by 15% to 2.36 m record high in 2025
■ Dec. delivers strongest monthly performance in history with 258,928 arrivals, up 4.2% YoY ■ India remains top source market with 531,511 visitors or 27% of total arrivals, followed by UK and Russia ■ Tourism Minister Vijitha Herath says earnings surpass $ 3.2 b despite lower per-day spending estimates ■ Targets minimum 3 m arrivals in 2026 ■ Assures roll-out of visa-free scheme in 1Q and unified national brand this year
3 mins
January 06, 2026
Daily FT
Hatch Fund Singapore makes first investment in Cultive8, a globally scaling agri-tech startup
HATCH Fund Singapore has announced the completion of its first investment backing Cultive8, a fast-growing agri-technology startup with Sri Lankan roots and a rapidly expanding regional footprint.
2 mins
January 06, 2026
Daily FT
United Southern SC lose ground after defeat
UNITED Southern SC who were pursuing leaders SSC in the Tier B 3-day league tournament lost ground when they were beaten by Negombo CC in their match concluded at the Air Force grounds, Katunayake yesterday.
1 min
January 06, 2026
Daily FT
Ceypetco revises fuel prices from midnight
THE Ceylon Petroleum Corporation (Ceypetco) has announced a revision of fuel prices with effect from last night.
1 min
January 06, 2026
Daily FT
President makes push for efficient capital spending to drive growth
Instructs Ministry Secretaries to ensure optimal utilisation of 2026 Budget allocations Hints at expenditure remaining within 13% of GDP limit, with 4% allocated for capital expenditure Notes Rs. 1.4 t allocated in 2026 Budget for capital spending, in addition to Rs. 500 b supplementary allocation for Ditwah relief
1 mins
January 06, 2026
Daily FT
CT Smith says 2025 record-breaking year for CSE fuelled by retail interest
LEADING stockbroking firm CT Smith Securities has said that the Colombo bourse closed positively in 2025, with both benchmark indices reaching record highs, primarily driven by retail interest.
1 min
January 06, 2026
Daily FT
Digital Motor Insurance Card launch tomorrow
Digital governance and public security initiative by IRCSL and insurance industry
2 mins
January 06, 2026
Daily FT
Sri Lanka-US trade talks still on: Minister
Foreign Affairs Minister Vijitha Herath says 95% of trade talks done, with negotiations still ongoing Notes Finance and Trade Ministries lead negotiations facilitated by Foreign Ministry
2 mins
January 06, 2026
Listen
Translate
Change font size
