Sri Lanka Original Narrative Summary: 30/12

Date:

  1. Sri Jayawardenepura University Immunology and Molecular Medicine Dengue Research Centre Director Professor Neelika Malavige says dengue cases are at an all-time high after two years.
  2. Sri Lankan-born Galleon Fund founder Raj Rajaratnam, allegedly the mastermind of the largest hedge-fund insider-trading ring in US history, due to meet some Sri Lankan politicians in the coming days: former CB Governor and present Debt Advisor to the President Dr Indrajith Coomaraswamy was also a Director of Rajaratnam’s Galleon Group.
  3. Excise Commissioner General M.J.Gunasiri says the Excise Department has recorded an annual income of Rs.170 bn, it’s highest in 110 years: previous incomes were Rs.121 bn in 2020 and Rs.140 bn in 2021: also says this was achieved in the background of alcohol price increase and decrease in demand during the last 6 months of 2022.
  4. Energy Minister Kanchana Wijesekera says over Rs.3.5 bn per month was paid as allowances and salaries for employees of the CEB: also says CEB’s revenue was Rs.33.6 bn for Oct’22 and Rs.35.6 bn for Nov’22.
  5. Dominant party of the Tamil National Alliance (TNA), Ilankai Tamil Arashu Katchchi (ITAK) declines the request to accommodate other Tamil parties except its traditional allies to form a broad political alliance.
  6. American national Pritchett Jermaine Adriun, 38, identified as a taxi driver in the USA, arrested by Police at the Katunayake International Airport with 10.9 mm live bullets: suspect said to have come to Sri Lanka with his Japanese girlfriend to attend the wedding ceremony of a friend.
  7. Agriculture Ministry begins to deposit money in the bank accounts of the paddy farmers utilizing Rs.8 bn grant of the ADB: small-scale farmers cultivating paddy to receive financial support of Rs.10,000 for a hectare, upto a maximum of 2 hectares, under the scheme.
  8. Tens of thousands of Sri Lankan individuals and corporates to cut spending and investment from Jan’23 as steep income tax rates come into force: over 65% inflation, tripled interest rates, high energy prices and the massive tax hike to sharply affect spending on consumption of wage earners: many Sri Lankans scrambling to migrate.
  9. State Finance Minister Shehan Semasinghe says approval of IMF will be received in Q1 of 2023: points out that USD 2,900mn in 4 years (in 8 tranches of USD 362 mn once every 6 months) is not a “meagre aid”: also says the arrangement “builds trust in the country” beyond financial value: in the 6 months prior to seeking IMF assistance, the Sri Lankan authorities secured Forex inflows of USD 4,000 mn.
  10. Government Information Department says all inbound travelers and outbound Sri Lankans could fill “Arrival and Departure Cards” online from 1st January 2023 onwards.

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