Thursday, March 30, 2023

Latest Posts

Sri Lanka Original Narrative Summary: 11/03

  1. LKR starts to depreciate again: USD buying rate depreciates 1.37% from Rs.307.36 to Rs 311.62: selling rate depreciates 1.03% from Rs.325.52 to Rs.328.90: as per IMF internal Debt Sustainability analysis calculations, the LKR expected to depreciate to 400 this year and 500 next year.
  2. Well-known local economists (former CB Deputy Governor W A Wijewardena and Peradeniya University Economics Professors Ananda Jayawickrama & W L Prasanna Perera) insist the appreciation of the LKR that has taken place over the last few days, is temporary.
  3. State Finance Minister Shehan Semasinghe requests Deputy Speaker to advise relevant authorities not to take any action on the interim order given by the Supreme Court with regard to the LG election, until the Parliamentary Committee on Ethics and Privileges concludes its hearing on the privilege issue raised by MP Premanath C Dolawatte.
  4. Sri Lanka’s Global Perception plunges: ranking in the Brand Finance “Global Soft Power Index” falls from 73 to 115 position in the annual ranking: this Index is the world’s most comprehensive research study on perceptions of a country, surveying opinions of over 100,000 people across over 120 countries.
  5. CB says Tourism industry earnings were USD 331.7 mn in the first 2 months of 2023: earnings in corresponding period of 2022 was USD 321.1 mn: increase of just 3.3%.
  6. Minister of Power and Energy Kanchana Wijesekera says CPC and CEB will be removed from the Collective Agreement which specifies a 25% salary increment every 3-years: also asserts the CEB will definitely be restructured.
  7. Report done by the Centre for Society and Religion states the use of tear gas in Sri Lanka reveals that Police has not conducted any laboratory tests over the contents of tear gas munitions: also claims Police used “expired” tear gas munitions to disperse protests in 2022, and some of those munitions were produced in 2000.
  8. SLPP rebel MP Vasudeva Nanayakkara says the IMF has now become a public enemy after destroying the livelihoods of nearly 3.5 mn families: ridicules the President’s recent comments that the economy is recovering.
  9. Education Minister Susil Premajayantha says the release of the results of the GCE A/L Examination will be delayed by at least 2 weeks due to the strike by University academics: also says University academics should not be confused between tax issues and the paper-marking process.
  10. Trainee Full Stack Developer Course offered by the Uni of Moratuwa, on its online learning platform in collaboration with DP Education awarded 1st place at the 8th e-learning Excellence Award 2022 by the European Conference on e-Learning.

Latest Posts


Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.