Sunday, February 5, 2023
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SRI LANKA ORIGINAL NARRATIVE SUMMARY: 10/11

  1. India’s Adani Group, John Keells Holdings & Sri Lanka Ports Authority commence construction to jointly develop the West Container Terminal in Colombo with an investment of over USD 700 mn: project to be a Build-Operate-Transfer project.
  2. President’s Media states President Ranil Wickremesinghe held discussions on debt management with IMF MD Kristalina Georgieva, Finance Minister of Ghana Ken Ofori-Atta and Speaker of Maldives Mohamed Nasheed, on the sidelines of COP27.
  3. Education Minister Susil Premajayantha says 4,000 principals will be recruited to the government service after the Supreme Court lifts the order suspending the recruitment of principals: also says school system requires 16,000 principals even though there are only 12,000 now.
  4. SJB MP Dr Harsha Silva says he has report containing facts related to the staff-level agreement between Government and IMF: also says he got it through an “external” party: refuses to disclose contents: it’s now almost 8 months since Sri Lanka sought IMF assistance: no funds received yet from IMF or other bilateral source from that time onwards.
  5. Acting Finance Minister Ranjith Siyambalapitiya says Rs.16 bn had been forgone in revenue by government after the special commodity levy imposed on sugar was slashed in 2020: analysts speculate that the levy may be re-imposed shortly to recover the lost revenue.
  6. Political sources believe nearly 13 MPs of several political parties may join the President’s UNP to support the government in the upcoming budget: these MPs of SLPP and SJB expected to join on the date of the Budget Speech.
  7. Defence Ministry approves legal discharge of Tri-Forces’ absentees who are currently overseas, provided they report to their relevant units during the “general amnesty” from 15th November to 31st December.
  8. Central Bank issues Rs.80.9 bn (95.8% of the total issue) 3-month Bills at a staggering 33.14% per annum interest rate: massive “bunching of debt” feared: additional interest incurred by government exceeds Rs.600 bn so far this year.
  9. Sydney Magistrate lifts suppression order on the media in the case involving Sri Lankan cricketer Danushka Gunathilake and Australian “dating app” woman: case to be taken again on 12th January 2023: bail application to be forwarded prior to that.
  10. Top Sri Lankan cricketer Wanindu Hasaranga moves up to the No: 1 position in the latest ICC T20 Rankings for Bowlers: Maheesh Theekshana is ranked 10th: Wanindu is also ranked 8th in the ICC T20 All Rounders Rankings.

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