Monday, June 17, 2024

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Sri Lanka Original Narrative Summary: 14/03

  1. President Ranil Wickremesinghe congratulates Chinese President Xi Jinping on his confirmation for a 3rd term: praises China’s progress under his leadership: expresses appreciation for China’s support in Sri Lanka’s economic challenges, especially in the IMF process.
  2. President Ranil Wickremesinghe says the Govt has taken a decision in principle to expand the distribution of fuel: also says Hambantota has been identified as a primary energy hub: further says Chinese giant Sinopec has pledged to invest in a refinery in Hambantota.
  3. SJB MP S.M. Marikkar says Treasury Secretary Mahinda Siriwardana must prepare himself for a jail term for his actions under a future SJB Govt: asks Govt officials not to get deceived by President Ranil Wickremesinghe: insists public officials must have the interests of the people at heart.
  4. State Minister of Tourism Diana Gamage comes up with a proposal to allow selling of liquor to foreigners on Poya days.
  5. Entire Rubber stock remains unsold at last week’s Rubber auction: 26% of Tea stocks also unsold at the Tea auction: prices drastically crash and plantation companies opt to withdraw their offers.
  6. Govt declares the Postal Service as an Essential Service through a special gazette notification.
  7. Former JVP MP and NPP’s Economic Guru Sunil Handunnetti says the appreciation of the LKR against the USD is done artificially: also says the situation has been created with a political agenda: asserts it is done to manage the people’s uproar in the future and to hoodwink the people: CB Governor Nandalal Weerasinghe has said the Rupee’s rise is due to the CB following the correct policies
  8. Several Opposition Parties challenge the new Central Bank law before the Supreme Court: MP Wimal Weerawansa and Dr Gunapala Amerasekera among the petitioners: leading entrepreneur and active stalwart of the ruling SLPP Jehan Hameed also challenges the legality of the Bill.
  9. Govt raises only Rs.110.44 bn through its Treasury Bond sale: amount falls far short of its Rs.180 bn target: almost all bids for the 2-year T-Bonds rejected by the Central Bank with only a measly Rs.0.4 bn being accepted out of the target of Rs.70 bn.
  10. New Zealand win the 1st Cricket Test by 2 wickets: score the winning run in the last ball of the final day: Sri Lanka 355 & 302: New Zealand 373 & 285/8: consequently, SL will not qualify for the World Test Championships Final.

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