Sri Lanka Original Narrative Summary: 12/06

Date:

  1. President Ranil Wickremesinghe to visit India next month between 20 and 30 July on his first official tour since assuming office as President: likely to meet Indian PM Narendra Modi on 21 July.
  2. Treasury Report indicates Public debt surged by USD 6.9 bn in the first 3 months of 2023 compared to the end of last year, due to unprecedented domestic borrowing by the Govt: total debt in USD increased from USD 84.7 bn to USD 91.6 bn.
  3. SJB National Organiser MP Tissa Attanayake says the current economic stability in the country is a temporary situation due to the imposition of restrictions on the import of goods and the suspension of foreign debt repayments: warns that when debt repayment resumes and import restrictions are relaxed, the LKR is likely to depreciate again.
  4. Separate investigations underway by the CID and Auditor General’s Dept over the organic fertiliser deals with China and India: Ministry of Foreign Affairs reported to be discussing the matter with its counterparts to rectify the matter without damaging the long-standing ties between the countries.
  5. Indian High Commissioner Gopal Baglay says Sri Lanka’s request for a soft loan facility from India to extend the runway at Palali airport is being evaluated.
  6. SJB MP Harsha Silva who has been strongly advocating privatisation of SOEs, says robust regulation is the best way to address national security concerns associated with telecommunication services: asserts questions of ownership are largely immaterial: opines fears of a national security risk posed by the proposed sale of Sri Lanka Telecom’s shares has no basis in fact.
  7. Hatton National Bank announces the resignation of its Chairperson Aruni Goonetilleke and appointment of Nihal Jayawardene PC as its new Chairman.
  8. Leading athlete Grashan Dhananjaya goes “missing” while representing Sri Lanka at an invitational athletics meet in Switzerland: Dhananjaya is the Sri Lanka record holder in the Triple Jump (Men) and National Champion in the Long Jump.
  9. SL Telephone Dealers’ Association decide to reduce the current mobile phone prices by 20% due to the appreciation of the LKR: data shows new mobile phone demand has decreased by 40% during the past few months.
  10. Chinese Embassy in Colombo hosts reception to appreciate SL’s efforts on the rescue mission of its fishing vessel that capsized in the central part of Indian Ocean on May 16.

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