Tuesday, February 7, 2023

Latest Posts

Sri Lanka Original Narrative Summary: 13/11

  1. ICC Chief Match Referee Ranjan Madugalle and ICC Elite Panel Umpire Kumara Dharmasena are due to officiate as Match Referee and on-field umpire at today’s T20 Cricket World Cup Final between Pakistan and England at the MCG, Australia.
  2. Opposition Leader Sajith Premadasa says a SJB administration would establish an “independent body” to take action against those who stole public funds.
  3. T-Bond auction for Rs.130 bn on 11th November yields only Rs.49 bn: 2-Yr Bonds – Rs.50 bn offered, Rs.9 bn accepted at 33.01%: 5-Yr Bonds – Rs.40 bn offered, no acceptances: 10-Yr Bonds – Rs.40 bn offered, full sum accepted at 30.86%: local debt vulnerability at critical levels.
  4. DG Pensions Jagath Dias admits delay in releasing funds for the payment of gratuity to retiring government employees: says large number of persons in a waiting list.
  5. Central Bank says market value of listed equity portfolio of EPF at end December 2021 was Rs.112 bn, against cost of Rs.84 bn: unrealized gain – Rs.28 bn: dividends & capital gains – Rs.4.7 bn: “unlisted” equity portfolio – Rs.9.6 bn which yielded dividends of Rs.2.5 bn from 2019 to 2021.
  6. JVP Trade Union Leader Wasantha Samarasinghe once again warns EPF officials against investing workers’ savings in Govt Securities when issuer is rated in “default” category: says nearly Rs.3,500 bn is invested in Govt Securities which now carry a major default risk.
  7. Finance Ministry says IMF and World Bank have agreed to provide “technical assistance” to strengthen Sri Lanka’s financial system.
  8. Former State Minister & CB Governor Ajith Nivard Cabraal publishes book titled “Amidst Economic Hit-men”: exposes conspiracy to bankrupt and subjugate nation: alleges “bankruptcy” was announced by few persons without required approvals: reveals details of “pipeline of inflows” of USD 10.7 bn at the time of announcing the default.
  9. CID records statement from Ven. Galagoda Aththe Gnanasara Thera in relation to investigation into alleged financial fraud committed by businessperson Thilini Priyamali.
  10. Wildlife Dept DG Chandana Sooriyabandara says there are not enough wildlife officials to respond to emergency calls from villages raided by wild elephants regularly: laments there are only about 1,000 wildlife officials.

Latest Posts


Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.