Sri Lanka Original Narrative Summary: 02/10

Date:

  1. President Ranil Wickremesinghe revokes High Security Zones Order declared under Official Secrets Act, with effect from 1st October.
  2. Secretary, Ministry of Finance Mahinda Siriwardane says rumours on social media that government employees will be paid only half of their salaries, are false.
  3. Chairman of the Public Utilities Commission Janaka Ratnayake says no need to impose extended power cuts until next January: points out the two generating units at the Norochcholai Coal Power Plant which suffered a breakdown recently, are expected to be reconnected to the national grid.
  4. Minister Kanchana Wijesekara confirms that the breakdown in the Norochcholai Power Plant Unit 3 has been repaired and re-connected to the National Grid. Both Units 1 & 3 are also operating at full capacity.
  5. Foreign investors driven to convert their dividend receipts into share investments as they can’t get forex to repatriate the dividends: leads to USD 40.8 mn net foreign inflow into the Colombo Stock Exchange.
  6. Urban residents use limited space in Colombo city to plant vegetables: move prompted by rising food prices, shortage of food, reports of malnutrition, and government drive to promote cultivation: Colombo Municipal Council and several temples also join effort.
  7. Energy Minister Kanchana Wijesekera says price of Petrol 92 reduced by Rs.40 per litre and Petrol 95 by Rs.30: new price for Petrol 92 to be Rs.410 per litre and Petrol 95 to be Rs.510: prices of other petroleum products to remain same.
  8. Social media goes viral on stories that CB Governor Dr Nandalal Weerasinghe has “ordered” Peoples’ Bank Chairman and Sri Lanka Telecom Chairman to discontinue advertising in certain popular websites: stories abound that the owner and editor of a weekly newspaper was also “spoken to” by the Governor.
  9. Colombo Stock Market ends week with losses amidst waning investor appetite: ASPI dips by 20 points or 0.2%: however, ASPI gains 9.5% for the month.
  10. Indian Legends beat Sri Lankan Legends by 33 runs to win the Road Safety World Series tournament: Indian Legends – 195/6 (20) Naman Ojha 108*: Sri Lankan Legends – 162 all out.

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