Sri Lanka Original Narrative Summary: 27/09

Date:

  1. Former Central Bank Deputy Governor W A Wijewardene says proposed debt restructuring exercise will pose more questions than answers: warns of serious issues that could scuttle or delay the process.
  2. Journalist Associations challenge the High Security Zone regulations: say they will not obey the “arbitrary” laws.
  3. President Ranil Wickremesinghe holds bilateral discussions separately with Japanese Foreign Minister Yoshimasa Hayashi and Singaporean PM Lee Hsien Loong, in Tokyo.
  4. Latest bi-annual Export Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri Lankan economy on export orders, in the latter half of 2022: SMEs particularly vulnerable to the intensifying economic crisis.
  5. SJB Economic Guru MP Harsha de Silva says Sri Lanka is bankrupt and unable to make debt payments to creditors or import what is needed: also says inflation is massive, and economy is shrinking: previously, Silva spearheaded campaign to engineer the sovereign debt default, depreciate the currency and enter into an IMF programme.
  6. Foreign Minister Mohamed Ali Sabry and Chinese Foreign Minister Wang snub Western powers: dismiss the “debt-trap” narrative of Western nations as “mischievous”: previously, China had expressed disappointment at Sri Lanka defaulting on its debt and seeking an arrangement with IMF.
  7. Young mother sells her 7-day old infant for Rs.50,000: arrested together with the husband of a nurse who facilitated the deal in a government hospital in Anuradhapura.
  8. Former President Maithripala Sirisena says declaring several areas as HSZs in Colombo is not advisable: claims it may pave the way for another uprising of the people as they are physically and mentally stressed.
  9. Public Utilities Commission Chairman Janaka Ratnayake says the quality of a recently imported crude oil shipment is not of the correct standard or composition: Petroleum Corporation disagrees.
  10. Public Health Inspectors urge health authorities to regulate tattoo studios and artists: say there is a danger in persons who lack adequate training wielding the “needle”.

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