Wednesday, May 22, 2024

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Sri Lanka Original Narrative Summary: 25/11

  1. Colombo Stock Market suffers its 2nd consecutive week of losses post-2024 Budget presentation: positives reiterated by Govt MPs in Parliament fail to convince equity investors: ASPI loses 86 points (0.81%) during the week while average daily turnover improves to Rs 1 bn, up from Rs.834mn in the previous week.
  2. IGP & Director, Terrorist Investigation Division give undertaking to the Court of Appeal that action would be taken against those who attempt to celebrate Mahavriu Day, commemorating LTTE cadres.
  3. Colombo District Court rejects petition filed by State Minister Diana Gamage requesting to issue an interim order stating that SJB leader Sajith Premadasa and General Secretary Ranjith Maddumabandara are unfit to hold the positions.
  4. State Minister for Defence Pramitha Bandara Tennakoon says SL will provide early retirement to a 34,000 strong civil defence force that protected villages from Tamil Tigers: Opposition leader Sajith Premadasa says there is a plan to pay compensation of Rs.3mn for such early retirement of each civil protection force member, but that such amount is not enough.
  5. Rebel SLPP MP Gevindu Cumaratunga says SL should be concerned about external interventions in the judiciary: also says he raised this issue without any malicious intent on behalf of the Nidahasa Janatha Sabhawa: urges Parliament to provide required funds for judges.
  6. Police launch investigations into a children smuggling racket, where children are smuggled to France & UK via Malaysia: Police also say information has been received of 13 such children being sent to Malaysia.
  7. Court of Appeal orders that the hearing of the case against former Minister Champika Ranawaka, filed over an alleged hit-and-run incident in 2016, be suspended: such interim injunction to be in effect until the hearing of a petition put forward by Ranawaka challenging the lawsuit.
  8. CB Governor Dr Nandalal Weerasinghe confirms that the IMF programme will be approved within the month of Dec’23: further says SL is making “good progress”: Monetary Board stresses the need for all banks to take swift measures to reduce market lending interest rates to ensure that the benefits of monetary policy easing are passed on to businesses & households.
  9. An Australian Court rules that Police who prosecuted top Sri Lankan cricketer Danushka Gunathilaka in Australia, acted “unreasonably”: awards costs.
  10. Squad of 15 selected ahead of the forthcoming Under-19 Cricket Asia Cup & World Cup Tournaments: Sineth Jayawardene – Captain: Malsha Tharupathi – Vice Captain: Asia Cup tournament to be held in UAE among 8 teams, while the World Cup is to be held in South Africa with 16 teams.

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