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Sri Lanka Original Narrative Summary: 08/01

  1. Head of the SMEs Organizations Tania Abeysundara says CB Governor Dr Nandalal Weerasinghe had orchestrated a scenario leading to the country’s declaration of bankruptcy unilaterally, hindering the functioning of businesses: also says there are Non-Performing Loans of about Rs.1.2 trillion solely due to the situation created by the CB Governor who pushed interest rates to record levels.
  2. A well known research form announces that the Govt is planning to lift import restrictions placed on small cars with engine capacities of 1000cc & 1300cc: asserts the move to relax small vehicle imports comes in the wake of limited revenue collection by SL Customs in the backdrop of stringent revenue targets set by the IMF.
  3. Senior FSP spokesperson Pubudu Jagoda says the FSP is urging political parties in Parliament to oppose the Govt’s decision to join the US-led coalition to protect commercial shipping in the Red Sea against continuing attacks by Yemen’s Houthi group: asserts that the move announced by President Wickremesinghe on 3rd Jan’24 had taken all political parties by surprise.
  4. Following the Energy Minister’s instructions to the CEB to take disciplinary action against CEB employees involved in the 3-day trade union action, Unions say they would take legal action against the CEB management if any of the workers are suspended.
  5. Official data reveals that SL has spent USD 326mn on vegetable imports from Jan to Nov’23, an increase from USD 297mn recorded for the same period in 2022.
  6. Health Unions allege that available PCR or Rapid Antigen Test (RAT) are approaching expiration, with no orders being placed for new kits: also allege that ordering test kits has not been a priority due to the ongoing economic crisis.
  7. A top SL Airlines official says the daily operations of the airline are currently being conducted by only around 17 Airbus aircraft, resulting in several flight delays being experienced each month: also says the airline must have a minimum of 24 aircraft to ensure smooth operations without delays.
  8. Hambantota International Port proves itself as the fastest growing transhipment port in the region with 700,000 transhipment vehicles handled in 2023: marks a significant 26% increase from the 2022 figures.
  9. Justice Minister Wijeyadasa Rajapakshe says the revised Anti-Terrorism Bill will be presented to Parliament in the first sitting week of the new year.
  10. Public Security Minister Tiran Alles presents official appointment letters to 4 top Cricketers who transition to roles within the SL Police after their stint with the Police Cricket Club: Kusal Janith Perera & Chamara Silva to positions as Chief Police Inspectors: Ashen Bandara & Nuwan Pradeep as Police Inspectors.

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