Sri Lanka Original Narrative Summary: 04/12

Date:

  1. President’s Counsel Romesh de Silva says President Ranil Wickremesinghe has never worked for self-promotion but to strengthen the Parliament.
  2. Dr. Haritha Aluthge, Secretary of the Govt Medical Officers asks Govt to recover as much as Rs. 773 bn in taxes, penalties and interest against the backdrop of unprecedented new tax hikes to bridge the record deficit.
  3. Foreign Minister Ali Sabry meets US Secretary of State Antony Blinken: Blinken assures support towards Sri Lanka’s economic & political stability: Sabry thanks US for leading role in facilitating Sri Lanka’s loan from the IMF.
  4. Computer Society President Damith Hettihewa says brain-drain amongst the Information & Communication Technology sector has affected their targets of achieving USD 3 bn in export revenues by 2024: also says 10,000 out of 100,000 professionals directly employed in the ICT sector have migrated overseas during the crisis period.
  5. Former Minister and SLPP MP Rohitha Abeygunawardena says increasing the electricity bill at this juncture is another burden on the people.
  6. Ministry of Finance, Economic Stabilization and National Policies prohibits the transfer of official vehicles to retiring officers of State owned enterprises with immediate effect.
  7. Colombo High Court issues open warrant for the arrest of former Galle Magistrate D S Merinchiarachchi for not appearing in court after being found guilty of committing offences in 2000 while serving as Galle Magistrate: previously, the High Court had imposed 5 years rigorous imprisonment on the former Galle Magistrate.
  8. Ceylon National Chamber of Industries President Canisius Fernando says the import duties, levies and VAT add to about 67% of consignment value: also says taxes compromise the profit margins of businesses: expresses concern about imposition of 30% tax on exporters: laments SMEs are facing closure which would lead to serious repercussions.
  9. State Pharmaceuticals Corporation GM Dinusha Dasanayake says the SPC would not be able to sell imported pharmaceutical items at prices of 7 or 8 months ago: also says prices will be increased when new stocks arrive in the country.
  10. Senior journalist Manoj Abayadeera says leaders must find answers to deal with problems without crying about problems: asserts a leader is not there to simply point out risks.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s First Post-Crisis Dollar Bond Signals Renewed Investor Faith

Sri Lanka’s return to foreign-currency borrowing took a significant...

HSBC Exit Marks Shift toward Local Dominance in Banking

HSBC’s decision to exit Sri Lanka’s retail banking business—now...

Sri Lanka Set for Strong Market Upswing as Stability, Lift Investor Confidence

Sri Lanka’s capital market is entering its most promising...

New Tariff Policy Aims to End Decades of Protectionist Drift

Sri Lanka is preparing to introduce a landmark national...