Thursday, July 18, 2024

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Sri Lanka Original Narrative Summary: 09/04

  1. US District Court Judge of the Southern District of New York Denise Cote rejects Sri Lanka’s attempt to dismiss Hamilton Reserve Bank’s claim for the repayment of USD 250 million plus interest out of the ISB that was due to be paid on 25th July 2022: analysts say this US Federal Court order would be a huge setback in Sri Lanka’s debt re-structuring exercise.
  2. IMF says there is a significant financial risk to Sri Lanka’s capacity to repay its loan to the IMF: expresses concern that social unrest and tension could pose operational risks to its staff missions and its local field office: warns the public may view the Program as being too tight.
  3. All-Island Poultry Farmers’ Association Chairman Ajith Gunasekara says the Govt makes Rs.13 from each egg imported from India: claims the real benefit of importing these eggs have not been felt by the people: also says most shops still do not have eggs despite imports.
  4. USNS Brunswick, a Spearhead-Class Expeditionary Fast Transport ship of the US Navy arrives at the Port of Trincomalee: it is a Military Sealift Command expeditionary fast-transport vessel capable of providing rapid intra-theater transport of troops and military equipment: it is expected to depart on 12th April.
  5. Sun expected to be directly over Sri Lanka from April 5 to 15.
  6. Expert in Law of the Sea and Maritime Law Dr Dan Malika Gunasekera says the Cabinet decision to file a case in a Singapore Court against the MV X-Press Pearl vessel owners has disadvantages for Sri Lanka as there are many International Conventions that apply in Singapore, as opposed to litigating in Sri Lanka.
  7. Ports, Shipping, and Aviation Minister Nimal Siripala de Silva says his Ministry is awaiting a report from the int’l financial advisory firm Lazard to determine the best way to re-structure SriLankan Airlines: also says it will take at least another 3 months to finalise the report.
  8. Govt includes trousers and skirts as legally accepted dress codes in courts for women Judges and Attorneys-at-Laws: initially permitted frocks removed from the list: accordingly, lawyers and judges are now permitted to wear a saree and jacket in white, black, off-white, grey or mauve, black trouser or skirt with white blouse, black coat and shoes.
  9. Professor Emerita of Paediatrics at the University of Colombo, Professor Priyani Soysa, 97, passes away: from 1966-1991, she served as the Professor of Paediatrics, becoming the first woman in Sri Lanka to be appointed to a Professorial chair.
  10. New Zealand wins 3rd Cricket T20I against Sri Lanka by 4 wickets: SL 182/6 (20 overs) & NZ 183/6 (19.5 overs): NZ win series 2-1.

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