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Sri Lanka Original Narrative Summary: 27/04

  1. President Ranil Wickremesinghe says Domestic Debt Re-structuring will not be suspended even if banking services and stock market collapse: asks banks to take over responsibility and carry forward the economy: warns he will close the stock market if it collapses.
  2. Mass Media Minister and Economic Guru of SLPP Dr Bandula Gunawardena says it will not be possible to re-structure the foreign debt without re-structuring the local debt: outlines the massive borrowing of USD 12.5 bn during the period 2015 to 2019.
  3. Former Minister Wimal Weerawansa says the US controlled Gotabaya Rajapaksa and the “Aragalaya”: also says when GR decided to flee the country, India and US wanted him to fire PM Wickremesinghe before announcing his resignation: opines Wickremesinghe’s residence may have been set on fire to put him down mentally and force him to resign: further says the US Ambassador has requested the Speaker to take over the Presidency following the resignation of GR.
  4. Former President Maithripala Sirisena alleges Cardinal Ranjith is “impatient” with the investigations into the Easter Sunday attacks: also says the Cardinal is only keen to send him (Sirisena) to the gallows: adds many countries have taken 10 to 15 years to conclude similar terrorist attack investigations.
  5. Controversy erupts over 7 Senior Deputy Inspectors General of Police, including L S Pathinayake, Ajith Rohana, S C Medawatte and Priyantha Weerasooriya being transferred with immediate effect.
  6. Industry insiders say more fintech start-up firms are relocating to other countries to overcome funding issues and other red tape in doing business: add that the “Fintech sandbox” which is a framework set up by the Central Bank to allow small-scale, live testing of financial innovations by private firms in a controlled environment under the regulator’s supervision, has not done much to the industry.
  7. Transport Minister Dr Bandula Gunawardena says the structure of an “Authority” is more suitable to provide an efficient service to the public and generate enough revenue to keep a public service commercially afloat in a sustainable manner: asserts a Railway authority will generate enough revenue for the government to run the railway operations across the country at a profit within 2 years.
  8. CB Governor Nandalal Weerasinghe says Sri Lanka has decided to allow Indian tourists to make payments in Indian Rupees: expresses support to link digital payment interfaces between the 2 countries.
  9. Ambassador of China Qi Zhenhong hands over the new Out-Patient Dept building with 8 stories & 50,000 square feet, to the National Hospital: Minister of Health Keheliya Rambukwella says China decided to donate the project in response to a request by former President Mahinda Rajapaksa during his term as Head of State: also says the project is the largest ever, single grant by China.
  10. International Chess Master Susal de Silva of Nalanda College and Women Candidate Master Dahamdi Sanudula of Musaeus College emerge champions at the Sri Lanka Open and Women’s National Chess Championships: it’s Susal de Silva’s 3rd consecutive year as National Champion.

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