Tuesday, April 16, 2024

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Sri Lanka Original Narrative Summary: 26/06

  1. Govt declares Friday, June 30, a special bank holiday, leading to a 5-day bank holiday from June 29 to July 3: analysts say the govt wants a long weekend to provide a buffer for the potential adverse market reaction to the worrisome Domestic Debt Re-structuring announcement: CB Governor Nandalal Weerasinghe who had continuously insisted that domestic debt will not be re-structured, now says the safety of local deposits will be assured and interest will not be affected.
  2. Parliamentary Affairs Committee meeting scheduled for Tuesday to seek approval for the restructuring of domestic debt proposal: SJB MP Harsha Silva who was strongly advocating an IMF programme which has led to debt re-structuring, now says he is opposed to domestic debt re-structuring.
  3. SJB Activist & Investment Advisor Niroshan Padukka reiterates that a massive scam occurred via the Treasury Bill issues totalling Rs.200 billion by the Central Bank on 31st May 2023 and 2nd June 2023: insists that the T-Bill Issues were made at interest rates of around 25% per annum when the secondary market rates of such T-Bills were around 16%: says the loss suffered by the Govt is around a staggering Rs.25 billion: also says a complaint in this regard will be lodged with the Bribery & Corruption Commission today.
  4. Chief Govt Whip orders all ruling party MP to remain in Colombo this week: overseas travel specifically cancelled: order reportedly made since the debt re-structuring proposal is scheduled to be tabled in Parliament for adoption this week: analysts and stakeholders fear the worst, considering the anxiety of the ruling party in relation to the debt re-structuring.
  5. Immigration Dept says 911,689 passports have been issued in 2022, the highest number in the last 5 years and 529,138 more than in 2021.
  6. Airline Pilots’ Guild says the cadre of Pilots at SriLankan Airlines which should be 330 is only 250 as a result of shortsighted, arbitrary and callous decisions of the management: points out that SriLankan Airlines pays wages which are well below industry standards, to its Pilots.
  7. Airport & Aviation Services Chairman G A Chandrasiri says 19 potential investors and strategic entrepreneurs have participated in the bidding process for Public-Private Partnership investment opportunities at Mattala Rajapaksa Int’l Airport.
  8. Senior Consultant Physician Dr Ananda Wijewickrama says 75% of the reported dengue cases involve people older than 15 years: asserts over 47,000 cases have been reported since January: points out that the majority of the patients recorded so far are from the Colombo and Gampaha districts.
  9. Sri Lanka defeats Ireland in the ICC Cricket World Cup Qualifier 2023 by 133 runs: Sri Lanka – 325 (49.5): Dimuth Karunaratne 103, Sadeera Samarawickrama 82, Dhananjaya De Silva 42*, Charith Asalanka 38; Ireland – 192 (31): Wanindu Hasaranga – 79/5: Hasaranga has now taken 5 wickets or more in 3 consecutive ODIs, a feat hitherto carried out by the great Pakistani fast bowler Waqar Younis, 33 years ago.
  10. Sri Lanka, Scotland, Oman, Zimbabwe, Netherlands and West Indies qualify for the Super 6 stage of the ICC Cricket World Cup Qualifier Tournament.

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