Sri Lanka Original Narrative Summary: 14/10

Date:

  1. President Ranil Wickremesinghe to leave for China today to attend Conference to mark the 10th anniversary of China’s Belt and Road Initiative: he is also scheduled to meet Chinese President Xi Jinping for discussions.
  2. Electricity Consumers’ Assn General Secretary Sanjeewa Dhammika says the proposed electricity tariff hike of a further 22% would take a heavy toll on the country: further says almost 20% of industries have taken a hit in one way or another due to sky-rocketing electricity costs.
  3. Hambantota International Port COO Tissa Wickremasinghe says the Port has handled over half a million trans-shipment units by September’23, exceeding the Port’s previous year’s figures.
  4. SL’s private creditors send proposal for the restructure of their USD 12 bn of forex debt to SL: meanwhile, sources close to the Chinese debt re-structuring process have reportedly stated that the China Exim Bank has insisted that there should be no “hair-cut” on capital or interest: sources have also reported that the Exim Bank has insisted that about two-thirds of their loans have to be serviced by SL after the 2-year moratorium which finishes in April’24.
  5. Government Medical Officers Assn meets President Ranil Wickremesinghe: hands over an 8-step proposal on brain drain, health crisis & matters affecting the Doctors.
  6. Police Spokesman says the present Police IGP C D Wickremaratne has been granted an extension of another 3 weeks as IGP.
  7. Colombo Stock Market suffers another week of losses: ASPI loses 174 points (1.58%) during the week while the average daily turnover records a dismal Rs.972 mn: in the previous week too, the ASPI lost 3.1%.
  8. Minister of Tourism and Lands Harin Fernando says he and Minister of Public Security Tiran Alles have submitted a Cabinet paper seeking approval of the Cabinet to issue visas free of charge to tourists from China, Russia, India, Thailand & Indonesia.
  9. Engineers say the water capacity of the Castlereagh & Maussakele reservoirs had increased to 90% and would spill over in a couple of days if the prevailing heavy rain experienced in the catchment areas, persist: also say the Wimalasurendra, Laxapana, New Laxapana, Polpitiya & Canyon power complexes are also presently generating the maximum hydro-electricity power.
  10. Sri Lanka Women’s Cricket Captain Chamari Athapaththu becomes the ICC Women’s Player for the month of September’23.

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