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Sri Lanka Original Narrative Summary: 07/12

  1. Leasing & Loan Repayment Members Association Chairman Asanka Pothupitiya says loan interest rates have risen from 8% to 18%, & leasing rates have risen from 12% to 34%: laments there is no pay increase for Govt or private sector employees & the prices of necessities are exorbitant: asks how people are going to pay their housing and leasing payments in such circumstances: meanwhile, according to media reports, approximately 8.5 mn people are listed in the Credit Information Bureau of Sri Lanka (CRIB) as being delinquent in their credit status.
  2. Justice Minister Wijeyadasa Rajapakshe reveals there are 1,104,458 cases being heard in courts throughout the country as at 30th Jun’23: says these cases are being heard by 429 judges: also says though the number of Justices in the Supreme Court & Appeal Court were increased under the 20th Amendment, the number of cases resolved hasn’t increased in comparison to the increase in Judges: adds the COVID pandemic & civil unrest last year also played a part in delaying cases.
  3. Chairman of the Sectoral Oversight Committee on National Security Rear Admiral (retd.) Sarath Weerasekera says that over a year after the killing of 8 persons including SLPP MP Amarakeerthi Atukorale & his police bodyguard and destruction of approximately 150 private properties, the Govt is yet to conduct a proper inquiry into the incidents.
  4. The 13th Round of Economic and Technology Cooperation Agreement (ETCA) negotiations between SL & India scheduled to be held from January 8 to 10, 2024, in India.
  5. Rebel SLPP MP Professor G L Peiris says the duty & responsibility of the Govt should not be to establish new universities and higher education institutions, but to improve the quality of the existing institutions.
  6. National Water Supply & Drainage Board says it is working on introducing a revisable water tariff formula, like the fuel price formula: asserts the Board needs electricity (which has risen in cost) & imported chemicals to treat water: further asserts that therefore that it is focusing on introducing a “water tariff formula” factoring those charges.
  7. Minister Bandula Gunawardena says SL is poised to receive approval from the IMF for the 2nd tranche of the USD 2.9 bn EFF next week: asserts the State Minister of Finance Shehan Semasinghe believes funds can be transferred on 12th Dec’23.
  8. Residents of Thirappane claim the wild elephant, popularly known as “Agbo”, has started roaming around their villages again due to its habituation: also say this has become a serious risk to the elephant: previously, the elephant sustained gunshot injuries & recovered after being treated by Wildlife Dept’s veterinarians.
  9. National Dangerous Drugs Control Board says there is an increase in drugs being sent to SL by post from overseas: asserts anti-narcotics officers have been deployed to the postal service who are working on cracking down on these drug parcels.
  10. SL Taekwondo Federation to conduct an International Taekwondo Championship in Colombo, commencing today: competitors from 8 South Asian countries & several Asian countries expected to participate.

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