Thursday, October 24, 2024
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Sri Lanka Original Narrative Summary: 25/10

  1. Group of economists including Nishan de Mel and Shanta Devarajan who strongly recommended debt default previously, now recommend restructuring of domestic debt “as it would benefit the Government”.
  2. GMOA Secretary Dr. Haritha Aluthge says there is an acute shortage of more than 90 essential medicines in most government hospitals: also says the hospital network in the country will collapse due to shortages.
  3. Tea production down 7.8% YoY in September 2022: total output for the 9 months also down 18%: cost of production up 35%: lowest production since 1996.
  4. State Minister of Tourism Diana Gamage to visit USA next month to initiate talks in constructing South Asia’s first “Disneyland” in Hambantota; estimated investment to be USD 18 bn.
  5. Lanka Bakery Owners’ Association claims false prices of wheat flour are being circulated to force a reduction in the price of a loaf of bread: says current price of 1 kg of wheat flour is around Rs.320.
  6. Army and the Mahaweli Security Forces apprehend 7 people who took videos of the Victoria dam and the high security area around it with a drone camera.
  7. Weekly fuel quota of 5 litres issued for passenger transport three-wheelers increased to 10 litres: first phase to start on 1st November in the Western Province.
  8. Angelia Gunasekara crowned the first ever “Miss Sri Lanka – New York” at a pageant held at The Vanderbilt in South Beach: 300 attendees: massive brawl at the “after-party” that followed the successful pageant.
  9. Treasury promises to pay Rs.18 bn out of the total amounts due of Rs.230 bn in the construction sector: Rs.5 bn to be paid in November and Rs.13 bn in December.
  10. State Finance Minister Siyambalapitiya says betting and gaming taxes will be increased: also says annual tax for casinos will be increased from Rs.200 mn to Rs.500 mn from 1st August: casino entrance fee of USD 20 to be charged from locals.

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