Sri Lanka Original Narrative Summary: 20/02

Date:

  1. Bar Association says all those responsible for interfering with the electoral process must be dealt with in accordance with the law: insists all elections are a vital part of the democratic process and must not be hindered.
  2. SriLankan Airlines Chairman Ashok Pathirage assures the Airline is committed to reaching an amicable settlement with all bondholders despite the default of its coupon payment on 25 Dec’22 on the USD175mn bond: insists the creditors have no reason to fear since the Bond is Govt-guaranteed.
  3. German MP Dr Peter Ramsauer, who is presently in Sri Lanka says Germany is seeking Sri Lanka’s support for a resolution at the UN against Russia: says he raised the issue with President Ranil Wickremesinghe.
  4. Opposition and SJB Leader Sajith Premadasa says the JVP’s official website has stated that all private properties in the country will be confiscated and brought under the Govt in a future JVP rule.
  5. Sri Lanka Medical Association and the Expert Committee on Tobacco, Alcohol and Illicit Drugs warn against the Govt move to legalise cannabis: asks the Govt “to be extremely cautious when considering any form of legalising cannabis .. for doubtful ‘economic’ benefits”.
  6. Ports Minister Nimal Siripala De Silva says the Govt will allocate nearly USD132mn for massive development projects in all Ports in the country: also says those investments would be made through revenue generated from Port operations.
  7. Lanka Coal Company General Manager Namal Hewage says payments have been settled for 13 shipments of coal imported to Sri Lanka: assures plans are afoot to bring down a total of 36 coal shipments this year: asserts the LCC is in possession of adequate stocks to ensure an uninterrupted supply of electricity.
  8. Another Japanese company Taisei Corporation decides to pull out as “Sri Lanka’s economic crisis makes doing business difficult”: in March 2020, Taisei won a contract worth JY 62bn (USD 462mn) for the construction of the 2nd phase of the BIA expansion: previously, Mitsubishi Corporation had also stated that it will exit Sri Lanka by March 2023.
  9. German Ambassador Holger Seubert says German companies operating in Sri Lanka have warned they would be compelled to withdraw from the country if the import ban continues.
  10. Kandy SC beat CR & FC by 29-10 to become Sri Lanka’s Rugby League Champions.

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