- President Ranil Wickremesinghe says he won’t dissolve Parliament until stability returns: vows to crush non-democratic attempts to change govt: asserts he would deploy military and use emergency powers if necessary: accuses the Frontline Socialist Party and its leader Kumar Gunaratnam for attempt to capture Parliament on 13th July: adds he will appoint a Commission to investigate media involvement in the struggle.
- CB
Governor Dr. Weerasinghe says he will name & shame export companies that fail to convert forex earnings within stipulated time: threatens penal action against over 50 large scale exporters who are allegedly declaring unrealistic and low local value additions. - President’s Senior Economic Adviser Dr. R H S Samaratunga says any “debt-for-nature” swap
will be subject to
IMF Board approval: says Govt can’t get IMF’s USD 2.9 bn over 4 years without a successful debt restructuring programme. - SJB MP and Economic Guru Harsha de Silva hints that domestic debt restructuring will be inevitable: says interest payments expected to rise considerably in 2023 on domestic borrowings: highlights rollover risk.
- CEB engineers warn of difficulties in continuing power generation at the Norochcholai Coal Power Plant: say procurement of coal seriously hampered by the non-availability of credit facilities to purchase coal as a consequence of debt default.
- According to CB daily Exchange Rate reports, Rupee firmly “fixed” at Rs. 360.99 (buying) and 371.83 (selling) per USD by the Central Bank since 17th November 2022:
- Cabinet approves Bill to set expenditure limits on election candidates: Justice Minister Wijedasa Rajapakshe says new law expected to enhance transparency and accountability of the public representatives.
- Speaker orders SJB MP Chaminda Wijesiri to leave the Chamber: suspends him from Parliamentary session after he attempted to assault SLPP MP Nimal Lanza.
- Former Central Bank Governor Ajith Nivard Cabraal says the previous Cabinet Ministers were fully apprised of the economic crisis in the country by then Finance Minister, via several Cabinet Papers.
- Colombo Magistrate’s Court grants bail to Ven. Galwewa Siridamma Thera who was remanded under the Prevention of Terrorism Act: however, he has been remanded again until December 6 by the Kaduwela Magistrate’s Court, pertaining to anothet incident.
