Sri Lanka Original Narrative Summary: 09/06

Date:

  1. State Minister of Finance Ranjith Siyambalapitiya says persons who open income tax files under the recent gazette will not be asked questions on tax returns not filed in prior years: the gazette is applicable to doctors, lawyers, vehicle owners and others who have to open income tax files from 1st June 2023 onwards: all persons over 18 years will also have to do so, from next year.
  2. ADB DG for South Asia, Kenichi Yokoyama says the ADB is committed to further enhance its support for Sri Lanka: asserts Sri Lanka is now eligible for concessional and market-based financing, technical assistance, policy advice, and knowledge solutions that will address the crisis.
  3. Fitch Ratings says weak operating conditions for Sri Lankan insurers raise near-term downside risks to their credit profiles: also says operating risks have risen due to the sovereign’s deteriorated credit profile: asserts the sparse foreign-currency liquidity in the local banking system could limit insurers’ ability to meet foreign-currency obligations.
  4. President’s Office says, based on the recommendation of the Cabinet Appointed Special Committee, an agreement was signed between the Govt and RM Parks Inc., in collaboration with Shell for a long-term contract for the import, storage, distribution, & sale of petroleum products in Sri Lanka.
  5. Long-standing Governor of the Sabaragamuwa Province Tikiri Kobbekaduwa resigns from his post.
  6. Energy Minister Kanchana Wijesekara says 255 Ceypetco dealers failed to maintain minimum stocks for any products last week: instructs CPC to take legal steps against dealers who have violated conditions on agreements.
  7. Police say the Court has issued an order preventing NPP leader Anura Kumara Dissanayake & several others from holding protest demonstrations around the Elections Commission office.
  8. Parliamentary Business Committee decides to hold a debate on the Anti-Corruption bill on June 21.
  9. Airport and Aviation Services Chairman G A Chandrasiri says the Mattala Rajapaksa International Airport is planning several new activities at the airport to boost revenues: such activities to include an aircraft dismantling center, aircraft parking, a maintenance repair & overhaul centre, cargo trans-shipment, Aircraft Dis-assembly and Re-cycling.
  10. Opposition Leader Sajith Premadasa says MP Harsha de Silva’s appointment as the Chairman of the Public Finance Committee is welcome, but is a bad precedent as it violates Standing Orders since it was President Ranil Wickremesinghe who had come to Parliament to appoint him to the post.

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