Sri Lanka Original Narrative Summary: 23/10

Date:

  1. State Finance Minister Shehan Semasinghe says SL plans to utilise the IMF 2nd tranche of USD 330mn to settle arrears owed to multi-lateral creditors including the World Bank and the Asian Development Bank.
  2. US Dept of Defence’s annual report 2023 to Congress on “Military & Security Developments involving China” states China is trying to expand its global military footprint: says China has “probably” considered other countries as locations for its military logistics facilities, including Burma, Thailand, Indonesia, Pakistan, Sri Lanka, UAE, Kenya, Equatorial Guinea, Seychelles, Tanzania, Angola, Nigeria, Namibia, Mozambique, Bangladesh, PNG, Solomon Islands & Tajikistan.
  3. SL-born Melbourne financial planner Terence Rio Rienzo Nugara pleads guilty in a County Court in Australia to 37 charges of obtaining a financial advantage by deception and 2 charges of theft: as a result of his deception, he has been accused of stealing AU$10,152, 061 from 38 Australian victims.
  4. President Ranil Wickremasinghe says new legislation will be introduced soon to ensure the proper standards of conduct of MPs: also says former Speaker Karu Jayasuriya is drafting legislation to ensure high standards of MPs.
  5. President Ranil Wickremasinghe says SL will give its fullest support to the UN Secretary General’s program to stop conflicts and establish peace in Gaza.
  6. Navy says a multi-day fishing vessel and 5 suspects were arrested in Dondra Point with over 200 kgs of heroin with a street value of over Rs.4,000mn: also says the seizure was made in a deep-sea operation conducted by the Intelligence Division of the Navy and the Police Narcotics Bureau.
  7. Education State Minister Aravinda Kumar says appointment letters for around 5,000 school principals across all 3 service grades will be distributed next month: also hints at a potential salary increase for teachers in the forthcoming budget.
  8. Election Commission Chief L M A R Ratnayake says the Commission is set to raise the security deposit required from all election candidates: asserts that this move is aimed at dissuading an excessive number of candidates from applying: also says this increase could help decrease overall election costs.
  9. SL Gem & Jewellery Assn says SL has generated USD 315mn in revenue from the export of gems and jewellery so far in 2023, recording a growth of 34% over the same period in 2022.
  10. Slinging seamer Matheesha Pathirana 20, likely to be ruled out of the balance World Cup matches due to a right shoulder injury: so far, Pathirana has played 2 matches, picked up 2 wickets for 185 runs.

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