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Sri Lanka Original Narrative Summary: 04/12

  1. Electricity Board sources say that due to non-payment of electricity bills, electricity supply to nearly eight lakh houses across the island has been disconnected so far this year: also state that “red notices” have been sent to around 12 lakh more houses across the country: the total number of electricity consumers in SL is about 70 lakhs.
  2. Former CB Governor & Raj Rajaratnam’s co-director at Galleon, Dr Indrajith Coomaraswamy says SL has done “extremely well” on the economic front during the last 18 months: admits however that the economy shrank by 10% last year: concedes it will take SL about 3 years just to reach where it was in 2021: commends CB Governor Nandalal Weerasinghe for reducing inflation which was
    70% in Sep’22 to 1.5% now: Coomaraswamy was also at the forefront of those who advocated the sovereign debt default in April’22.
  3. Tourism Development Authority Chairman Priantha Fernando says SL’s tourism industry has demonstrated a robust resurgence, surpassing over USD 1.75 bn in earnings during the first 11 months of the year, accompanied by the arrival of over 1.27 mn visitors.
  4. President Ranil Wickremesinghe engages with Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation at the COP’28 in Dubai: President’s Media says Gates expressed the commitment of the BMGF to support SL in building a robust and climate-resilient nation.
  5. NPP Leader Anura Kumara Dissanayake says the NPP will create a new political culture where politicians will travel in public buses & trains: also says the JVP MPs had never used police personnel for their private security.
  6. Attorney General makes arrangements to adopt facial recognition identification technology into the country’s justice system for the first time during the Trial-at-Bar on the killings of MP Amarakeerthi Athukorala & his bodyguard, which took place on May 9 last year in Nittambuwa during the height of the “Aragalaya”.
  7. Consumer confidence falls again in October’23, continuing its slide from its peak in April’23, according to the Institute for Health Policy: IHP also says all indices remain at pessimistic levels.
  8. Ports Ministry says the construction of the East Container Terminal of the Colombo Port is to be completed by mid next year: also says the new terminal will be 1,400 metres long upon completion, allowing 3 mega ships to berth simultaneously: an investment of USD 585 mn has been allocated for the development.
  9. Spin-bowling legend Muttiah Muralitharan says the Cricket team’s performance in the 2023 Men’s ODI World Cup was very disappointing and something which he wasn’t expecting, with SL winning just 2 matches & losing 7.
  10. SL Cricketers Angelo Mathews & Wanindu Hasaranga listed among the top registered players for the Indian Premier League auction set to take place in Dubai on Dec 19. Mathews’ is among 25 players registered at a base price of Indian Rs. 2 crore, while Hasaranga is registered among the 20 players with a base price of Indian Rs. 1.5 crore.

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