Sunday, October 2, 2022

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Sri Lanka Original Narrative Summary: 22/09

  1. Chief Opposition Whip Lakshman Kiriella calls for details of the staff level agreement with IMF: SJB MP Harsha Silva says discussions with creditors on debt restructuring will need Parliament approval.
  2. Inflation based on NCPI increases to 70.2% in August from 66.7% in July; Food inflation 84.6% in August (82.5% in July).
  3. Lanka Coal to call for fresh tenders to buy coal for electricity generation, as the first awardee refuses to proceed following controversy and litigation threats: risk of 10-hour power cuts unless stocks of coal are replenished by 20th October.
  4. Health Minister Keheliya Rambukwella says there is no Aflatoxin chemical in Thriposha: warns of action against the health official who made such a baseless statement.
  5. Around 34 Opposition MPs call upon Speaker Mahinda Yapa Abeywardene to appoint a Select Committee to carry out a probe to determine the reasons for the economic crisis, identify responsible persons and decide on steps to avoid such crisis in the future.
  6. State Minister of Women and Child Affairs Geetha Kumarasinghe says the President has ordered to reduce taxes on sanitary products.
  7. Malaysian Government agrees to take 10,000 migrant workers from Sri Lanka to assist Sri Lanka in dealing with its economic crisis.
  8. Former Minister Mahindananda Aluthgamage says main culprits who assist in tax evasion are Chartered Accountants: calls for regulatory action against them: also says if due taxes are collected, there will be no need for IMF assistance.
  9. Central Bank data shows the increase in its Treasury Bill holdings (money printing) has been a staggering Rs.643 bn after Governor Nandalal Weerasinghe assumed office: average of Rs.3.92 bn per day: about 78% higher than during the term of his predecessor.
  10. Committee for Muslim Law Reforms proposes the retention of the controversial polygamy law applicable to Muslim men: final proposal to be submitted to the Justice Minister.

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