Sunday, February 5, 2023
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SRI LANKA ORIGINAL NARRATIVE: 09/12

  1. Indian External Affairs Minister Dr S Jaishankar says India has always extended support to the entirety of Sri Lanka which includes the Tamil, Sinhalese and all other communities.
  2. President Ranil Wickremesinghe says authority to revise electricity tariffs vests with Cabinet: also says Public Utilities Commission Chairman will be summoned before him: Energy Minister Kanchana Wijesekera says a proposal has been submitted to abolish the PUC: PUC Chairman Janaka Ratnayake says the PUC can’t be intimidated by the CEB to agree to price increases.
  3. SJB MP Champika Ranawaka says Govt’s plans to restructure CEB by dividing the CEB into 18 companies, would lead to disaster.
  4. CB Governor Weerasinghe urges businesses and public to desist from taking loans at high interest rates: says to negotiate at tates lower than current 30-35%: analysts say CB leading the way for high interest rates by issuing 3-month T-Bills at over 33%: thousands of businesses face closure and millions of jobs lost due to current interest rates prompted by CBSL actions.
  5. Elections Commission says notice will be issued in the last week of December 2022, calling nominations for Local Government Election.
  6. Budget 2023 presented to Parliament by President Ranil Wickremesinghe as the Minister of Finance passed with a majority of 43 votes: 123 vote in favour, and 80 against.
  7. President Ranil Wickremasinghe says Parliamentary Select Committee to be appointed by Parliament to look into those who led the economy to bankruptcy: former CB Governor Ajith Nivard Cabraal says he welcomes the move and had already requested the President on 5th Sept ’22 to appoint a high level Committee to look into the debt default.
  8. Chief Opposition Whip Lakshman Kiriella says those who contributed to the country’s bankruptcy will not be saved in the “after-life”: also says Govt is spending the left-over money since they are not paying any loans at the moment: adds giving aid from such money is not an economic victory.
  9. Bullish run at the CSE extends for 9th consecutive session: ASPI rises to a 2-month high to close at 8,892 points: day’s turnover at Rs 2.4 bn.
  10. National Building Research Organization warns the quality of air in the island has dropped to unhealthy levels: attributes reason as the influx of dust particles contaminating Sri Lanka’s air space through strong winds from India: air quality at 249 in Colombo: 291 in Kurunegala: 280 in Jaffna: and 214 in Kandy.

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