Wednesday, May 8, 2024
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Sri Lanka Original Narrative Summary: 01/08

  1. Japan’s Minister of State in the Cabinet Office FUJIMARU Satoshi and former Minister of State for Regional Revitalisation and Regulatory Reform YAMAMOTO Kozo call on President Ranil Wickremesinghe: The parties discuss the stalled development projects in Sri Lanka, which were previously supported by the Japanese Government: agree to restart these projects once the credit optimisation process in Sri Lanka is completed.
  2. Trade Minister Nalin Fernando says the President has granted his approval to import chicken for food industrial purpose: adds the decision to import chicken has been taken in a move to control prices in the market.
  3. The National Dengue Control Unit says more than 56,000 cases of dengue identified in Sri Lanka this year, with the highest number of cases being detected in the Western Province: Over 50% of the cases found in the Western Province: A large number of dengue cases also found in the Kandy, Kegalle, Kurunegala and Puttalam districts, with a considerable account of cases being traced in the Trincomalee and Batticaloa districts.
  4. Headline inflation as measured by the CCPI further drops to 6.3%, compared to the previous month: The CCPI-based inflation was calculated as 12% for June, 2023: Food inflation has also dropped to -1.4% in July, from 4.1% in June, 2023.
  5. Sri Lanka Rupee slightly depreciates against the US Dollar, in comparison to last week: The buying price of the US Dollar surged to Rs. 322.96 from Rs. 322.66, and the selling price to Rs. 335.40 from Rs. 335.65.
  6. SLTB employees attached to several depots launch a strike action in objection to an assault of a depot inspector at the Horowpathana depot: The strike action endorsed by employees attached to the depots in Dambulla, Anuradhapura, Kekirawa, Horowpathana, Polonnaruwa, Kebithigollewa, and Kantale.
  7. CPC revises the fuel prices: Octane 92 petrol – Rs. 348 per litre (increased by Rs. 20); Octane 95 petrol – Rs. 375 per litre (increased by Rs. 10); Super diesel – Rs. 358 per litre (increased by Rs. 12); Auto diesel – Rs. 308 per litre (reduced by Rs. 2); Kerosene – Rs. 226 per litre (reduced by Rs. 10): LIOC also revises prices consequent to the CPC revision.
  8. Public Security Minister Tiran Alles lauds and rewards Police officers and civilians who contributed to the establishment of rule of law in Sri Lanka: emphasises Police officers who serve their duty without being subjugated to bribery are exemplary for Sri Lanka Police.
  9. The comprehensive renovation of the Superior Court complex in Hulftsdorp in Colombo under the financial and technical assistance of the Chinese government commences under the patronage of Chief Justice Jayantha Jayasuriya, Justice Minister Wijeyadasa Rajapaksa, and Chinese Ambassador to Sri Lanka Qi Zhenhong: The project is being undertaken at a cost of US $ 33.6 million, and is expected to be completed in 32 months under two phases.
  10. The CB publishes its inaugural Monetary Policy Report for July, 2023: says it is “an important step towards improving the transparency of monetary policy and is expected to promote engagement with all stakeholders of the economy through the dissemination of information that was considered by the Monetary Board of the CB in the formulation of monetary policy decisions.”

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