SRI LANKA ORIGINAL NARRATIVE SUMMARY: 28/12

  1. Ceylon Institute of Builders President Rohan Karunaratne says over 500,000 construction workers laid off and 70% of the industry is on hold: also says turnover is down 65%: laments private developers are reluctant to start projects now: asserts Rs.209bn is due to the contractors from Govt, but only Rs.25 bn is to be released by the year-end.
  2. Govt revenue for the first 9 months this year rises, compared to last year’s levels as a result of the hike in the indirect taxes including VAT: however, data shows the Govt’s interest cost increase has been much higher than the revenue generated by such tax increase: entire tax increase fully negated, as a result.
  3. Ceylon Petroleum Corporation says current reduction in daily fuel consumption by half is due to fuel rationing and end of hoarding of fuel: data shows Sri Lanka spent an average of USD 467mn per month on fuel between January and March 2022, but less than USD 250mn per month, thereafter.
  4. CID interrogates murdered Janashakthi Director Dinesh Schaffter’s mother-in-law: also question his wife for the 4th time: investigations into the murder continue.
  5. Thilini Priyamali, who was in remand prison for alleged financial fraud, released from prison after receiving bail: says the media has already made her the culprit, done her a huge injustice and crucified her.
  6. Number of dual citizenship applications in 2021 to the Immigration Department was 5,401: from Australia – 1,621: from UK – 885: from US – 795: from Canada – 371:. applications also submitted from Sri Lankans living in Italy, Switzerland, Sweden, New Zealand, France and Denmark.
  7. Two members involved in the “Aragalaya”, Dhanish Ali and Anuruddha Bandara interrogated by the CID for about 6 hours in connection with the arson attack on President Ranil Wickremesinghe’s private residence at 5th Lane, Kollupitiya.
  8. Energy Minister Kanchana Wijesekara says all religious places of worship will be provided with a 5KW solar power unit, free of charge, under an Indian credit facility within 3 months.
  9. Former President of the Peradeniya Students Union Anuradha Widanage and current President Chamod Sathsara suspended from the University over the assault on former Vice Chancellor Professor Athula Senaratna.
  10. Tourism Minister Harin Fernando says number of tourist arrivals to Sri Lanka from 1st to 31st December has increased to 73,314: total arrivals so far this year increased to 701,331.

Share post:

spot_imgspot_img

Popular

More like this
Related

Visa Fraud Syndicates Exploit Sri Lankans’ Desperate Foreign Dreams

Sri Lanka’s desperate search for overseas employment and better...

HSBC’s Dual Exit Exposes Sri Lanka’s Investor Confidence Crisis

Sri Lanka’s economic recovery faces a fresh test as...

President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.

Sri Lanka Steps Up UK Investment Drive Ahead of EXPO 2027

Sri Lanka has intensified efforts to attract British investment and expand export opportunities through a series of business engagements in London and Dover ahead of Sri Lanka EXPO 2027, scheduled to be held in Colombo from January 14 to 17. Organised by the Sri Lankan High Commission in London, the programme brought together British investors, business leaders and representatives of key trade organisations to explore opportunities for stronger commercial ties between the two countries. The main event, the UK–Sri Lanka Trade and Investment Forum, was held at the High Commission and attracted more than 130 participants. A high-level Sri Lankan delegation led by Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe attended the forum. Addressing the gathering, Samarasinghe invited British businesses to explore Sri Lanka’s export potential and investment opportunities, highlighting the benefits available under the United Kingdom’s Developing Countries Trading Scheme (DCTS). Sri Lankan High Commissioner to the UK Nimal Senadheera emphasised the importance of strengthening bilateral trade and investment relations, while promoting EXPO 2027 as a platform for establishing new business partnerships. Export Development Board Chairman and Chief Executive Officer Mangala Wijesinghe presented an overview of Sri Lanka EXPO 2027, outlining opportunities for international buyers and investors. Participants discussed potential avenues for sourcing Sri Lankan products, expanding commercial links with UK buyers and attracting foreign investment. Representatives from Marks & Spencer, the Board of Investment of Sri Lanka, the Ministry of Industries and Entrepreneurship Development and the private sector also took part in the discussions. Investment prospects in Port City Colombo, real estate and other sectors were among the opportunities highlighted during the programme. The Sri Lankan delegation also met representatives of the UK–Sri Lanka Chamber of Commerce to discuss ways to strengthen business cooperation and encourage greater British participation in EXPO 2027. In addition, the delegation held discussions with Commonwealth Enterprise and Investment Council Chief Executive Samantha Cohen on connecting Sri Lankan businesses with international investors through Commonwealth business networks. The programme concluded with a business networking event in Dover, jointly organised with RS Rock Holdings, which attracted more than 30 UK business representatives, including potential investors. According to the Sri Lankan High Commission, the engagements were aimed at building stronger commercial partnerships and encouraging British buyers, investors and business representatives to visit Colombo for EXPO 2027. The High Commission expressed confidence that the exhibition would create further opportunities to expand trade, attract investment and strengthen economic cooperation between Sri Lanka and the United Kingdom.