Wednesday, September 27, 2023

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Sri Lanka Original Narrative Summary: 14/09

  1. President Ranil Wickremesinghe exchanges greetings with India’s West Bengal Chief Minister Mamata Banerjee at the Dubai Airport: asks her whether she will lead India’s Opposition Alliance.
  2. Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis – Chairman Gamini Weleboda promises to intervene to present amendments to Pay As You Earn tax in the upcoming budget.
  3. Former CB Governor Ajith Nivard Cabraal denies allegations by certain politicians that he had “potential links” to the Hamilton Reserve Bank which is suing the SL Govt in the USA for defaulting on its debt: asserts he consistently maintained the Govt stance that sovereign debt would be paid: also says President Ranil Wickremesinghe had also warned it would be highly damaging if SL were to default.
  4. Road Development Authority Director General L V S Weerakoon says Hungary has discontinued construction work on the Getambe and Kohuwela fly-overs: Transport Minister Bandula Gunawardene says a large number foreign funded projects have stopped as a consequence of the debt re-structuring by the SL Govt.
  5. Securities and Exchange Commission says it has approved the creation of a separate Listing Board and Listing Rules at the Colombo bourse to facilitate the entry of State-Owned Enterprises to the Capital Market.
  6. Railways Dept say it has ordered the 84 railway engine drivers who are on strike to report for duty immediately, failing which they will be considered as having vacated their posts: Railways Locomotive Operating Engineers’ Union says their strike has been called off.
  7. SLPP requests President Ranil Wickremesinghe to allocate funds through the upcoming Budget for 2024. for MPs to conduct development projects in their districts.
  8. Russian Embassy in SL says it has handed over a consignment of 352 MT of sunflower oil to support those affected by the economic crisis in Sri Lanka.
  9. IMF to kick off the 2nd review of the SL reform process today: the IMF team to be in Sri Lanka till September 27.
  10. Display of the ICC Men’s Cricket World Cup 2023 Trophy to be at the World Trade Center from 9am today.

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