SRI LANKA ORIGINAL NARRATIVE SUMMARY: 14/10

Date:

  1. SJB MPs Eran Wickremaratne, Harsha Silva and Kabir Hashim say the proposed tax increases is a death sentence to various groups: previously, the same MPs have severely criticised the tax decreases effected by end-2019.
  2. CB Governor Nandalal Weerasinghe rejects Russia’s MIR payments systems for the second time: Transport Minister Bandula Gunawardane had requested approval for this payment method to facilitate trade and tourism between the 2 countries.
  3. Central Bank able to accept only Rs.60.3 bn in T-Bill auction out of offer of Rs.90 bn: 91-day rate shoots up to 33.05%: 182-day rate jumps to 32.53%: government’s interest cost increase for the 6 months 1st April 2022 to 30th September 2022 records a staggering Rs.540 bn.
  4. Sri Lanka abstains in UN General Assembly vote to condemn Russia’s annexation of 4 regions of Ukraine: resolution supported by 143 countries: 35 states, including Sri Lanka, China, Pakistan and India, abstain.
  5. Analysts say IMF-driven tax hikes could hit investments into stock markets from small time investors: claim new levies wipe out a significant portion of disposable income: tax hikes show tax threshold reduced to Rs.1.2 mn from Rs.3 mn: corporate tax raised to 30% from 24%: exemptions removed.
  6. Sri Lanka to donate over 6 mn Pfizer vaccines valued at USD 40 mn to Myanmar: vaccines unuaed because many Sri Lankans reluctant to obtain booster doses: previously, 18 mn doses of Pfizer vaccines had been purchased for booster doses.
  7. Gunman who shot and injured a 3-wheeler driver in Ahungalla on Wednesday, shot dead by Police: suspect shot when he tried to shoot STF personnel with a pistol when they attempted to arrest him.
  8. Health Ministry says 59,317 dengue patients reported across the island so far this year: highest number reported from Colombo, Gampaha and Kalutara districts.
  9. Health Minister Keheliya Rambukwelle says more people are coming to the government hospitals because they can no longer afford private hospitals: also says there won’t be a lower middle class in this country anymore at this rate.
  10. Sri Lanka Women’s cricket team defeats Pakistan by 1 run in thrilling semi-final in the Women’s Asia Cup 2022: Sri Lanka Women 122/6 in 20 overs: Pakistan Women 121/6 in 20 overs.

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