Wednesday, October 23, 2024
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Sri Lanka Original Narrative Summary: 01/11

  1. President Ranil Wickremesinghe says Sri Lanka has a very competitive tea industry: also says it needs to be modernized.
  2. Speaker Mahinda Yapa Abeywardena signs the 21st Amendment to the Constitution.
  3. Department of Census and Statistics says the overall rate of inflation as per CCPI on Y-o-Y basis has decreased to 66% in Oct 2022 from 69.8% in Sep 2022: Food inflation down to 85.6% from 94.9%: transport inflation dips to 144.2% from 150.4%.
  4. SLPP MP Namal Rajapaksa says SLPP will support President Wickremasinghe although they are in separate political parties: admits differences when considering policies: explains the two sides will try to meet halfway to fulfil the needs of people in the country.
  5. SJB MP Lakshman Kiriella says his party is demanding a Parliamentary Election: says the current Government is well past its expiry date: points out that many MPs have left their fold and now to sit with the Opposition instead.
  6. SriLankan Airlines Chairman Ashok Pathirage says the SLA plans to earn USD 600 mn from the sale of stakes of SriLankan Catering Ltd. and the airline’s ground handling unit: hopes to thereby reduce SLA’s debt by half.
  7. Ministries of Transport and Energy together launch website www.wptaxi.lk to register passenger transport Three-wheelers in the Western Province for the 10 Litre weekly fuel quota.
  8. Police fire gunshots onto the air to disperse a crowd during a tense situation in Rambakepuwewa, Kebithigollewa in Anuradhapura: one Police officer injured.
  9. Ministry of Finance admits the new 2.5% Social Security Contribution Levy will apply to all State-owned utility service providers including CEB, CPC and NWSDB: levy likely to be passed to the consumer.
  10. Softlogic Stockbrokers Head of Research Mahesh Udugampola says corporate earnings expected to rise 30% YoY in 2022, down from the 80% increase in 1H22: predicts corporate earnings would reduce by 20-25% in 2023.

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