January 02, World (LNW): In an unfortunate incident on Tuesday (02), South Korea’s opposition Democratic Party leader Lee Jae-myung was reportedly stabbed in the neck during a visit to the southern port city of Busan, Yonhap news agency reported.
Lee, who narrowly lost the 2022 presidential election, is said to be conscious and has been taken to a local university hospital, according to a party official and a fire department official.
The attack occurred while Lee was touring the site of a proposed airport, leaving him with a roughly 1 cm gash on his neck, reported YTN television.
The assailant, appearing to be a man in his 50s or 60s, wore a paper crown with Lee’s name on it, as seen in news photographs. The attacker approached Lee, ostensibly seeking an autograph, and then suddenly lunged forward to carry out the attack, according to foreign reports.
The assailant was swiftly subdued and arrested at the scene.
Video clips of the incident on YTN television and social media platforms depicted the attack, showing a man lunging at Lee, causing him to grimace and collapse to the ground.
In response, President Yoon Suk Yeol condemned the attack, deeming it an unacceptable act. He expressed deep concern for Lee and instructed that he receives the best care for a speedy recovery.
Lee, a former governor of Gyeonggi province, narrowly lost the 2022 presidential election to conservative Yoon, a former chief prosecutor. Currently on trial for alleged bribery related to a development project during his tenure as mayor of Seongnam, Lee has vehemently denied any wrongdoing, labeling the accusations as “fiction” and a “political conspiracy.”
Lee has been leading the main opposition party since August 2022, and South Korea’s next parliamentary elections are scheduled for April.
January 02, Colombo (LNW): Around 600 complaints are lodged each year involving health staff, including doctors, Health Minister Ramesh Pathirana disclosed addressing a function held at Peradeniya Teaching Hospital recently.
Addressing the event, Pathirana addressed concerns regarding the consistent flow of complaints related to medical negligence in the sector.
Expressing his apprehension, the Minister noted that this year’s complaint figures mirrored those of the previous year, prompting questions about the health sector’s dedication to patient welfare.
He emphasised that there is a pivotal role to be played by the hospital staff, especially doctors, in delivering quality healthcare, adding that however, thorough analysis of patient complaints had identified numerous mistakes, stressing the urgent need for heightened dedication from health sector professionals.
In the face of challenges within the health sector, Pathirana urged staff to prioritise service to the people and reassess their commitment to ensuring patient well-being.
January 02, Colombo (LNW): Two MPs who recently disassociated themselves from the Sri Lanka Podujana Peramuna (SLPP) regime alongside the faction led by MP Dullas Alahapperuma—Professor G. L. Peiris and Dilan Perera—convened at the Opposition Leader’s office to announce their initiative to form a comprehensive political alliance in anticipation of the upcoming Presidential Elections.
The three MPs affirmed their commitment to establish a unified opposition alliance under the leadership of Sajith Premadasa, the current Leader of the Opposition.
Prof. Peiris stressed the urgency of this alliance, citing the prevailing national crisis characterised by concerns over the public’s financial strain due to tax and price hikes, particularly the recent escalation in fuel prices.
While expressing their dedication to collaborate with the Samagi Jana Balawegaya (SJB), the MPs clarified that they have not formally joined the party. Instead, they underscored their decision to cooperate with the SJB while maintaining their distinct political identity.
MP Dilan Perera acknowledged that their leader, Dullas Alahapperuma, is yet to decide on joining the broader opposition alliance. He highlighted the unanimous consensus among them to work with the SJB, acknowledging a minor disagreement regarding the timing of their collective move.
Emphasising the need for a swift establishment of a consolidated opposition alliance in preparation for potential upcoming elections, Perera asserted that “the cake has to be iced as soon as possible.”
Earlier, at the Opposition Leader’s office, SLFP MP Shan Wijayalal officially obtained SJB membership from Premadasa.
January 02, Colombo (LNW): The Sri Lankan Rupee (LKR) has largely appreciated against the US Dollar today (02) in comparison to yesterday as revealed by leading commercial banks in the country.
At Peoples Bank, the buying price of the US Dollar has dropped to Rs. 315.79 from Rs. 318.14, and the selling price to Rs. 326.79 from Rs. 329.23.
At Commercial Bank, the buying price of the US Dollar has dropped to Rs. 314.55 from Rs. 317.89, and the selling price to Rs. 325 from Rs. 328.
At Sampath Bank, the buying price of the US Dollar has dropped to Rs. 316 from Rs. 318.5, and the selling price to Rs. 325 from Rs. 327.5.
January 02, Colombo (LNW): Finance State Minister Shehan Semasinghe highlighted the positive impact of sustained single-digit inflation on business confidence during a press conference at the Presidential Media Centre titled ‘Collective Path to a Stable Country’ yesterday (01).
In the session, the State Minister revealed that state revenue constituted 11.2 per cent of the Gross Domestic Product (GDP) in 2023, with projections foreseeing an increase to 15 per cent by 2026.
Discussing the economic landscape, Semasinghe indicated an anticipated 1.7 per cent economic growth in the third quarter of 2023, emphasising the significant recovery expected in 2023, projecting an overall economic growth of approximately -3 per cent, a marked improvement from the -11 per cent recorded in 2022.
The primary account balance, negative at Rs. 895 billion in 2022, has now turned positive, standing at Rs. 333 billion as of November 2023, he added.
Semasinghe also shared that the receipt of the second tranche from the International Monetary Fund (IMF) is expected to boost foreign reserves to surpass US$ 4 billion, with the inclusion of contributions from the IMF, Asian Development Bank (ADB), and World Bank (WB).
Maintaining single-digit inflation has played a pivotal role in fostering business confidence, notably reducing from 70 per cent in 2022 to an expected 5 per cent in 2024. This accomplishment is crucial for building trust in the country’s business environment, he emphasised.
In terms of state income, an anticipated Rs. 3110 billion in 2023 is expected to surpass the revised estimate of Rs. 2850 billion, representing 11.2 per cent of GDP. The government ambitiously aims for a 15 per cent growth by 2026.
The number of tax files has shown an upward trend, reflecting positive tax compliance. In 2022, the figure rebounded from 437,547 to a significant milestone of one million, showcasing success in policy implementation.
The government, addressing challenges inherited upon assuming office, effectively settled unpaid bills exceeding Rs. 350 billion. A principled commitment has been established to ensure that payments are not delayed by more than one month, starting from 2024.
In the upcoming year, the government plans to initiate the ‘Aswesuma’ application process at the end of January or the beginning of February 2024. The December instalment for 1,410,064 beneficiaries has already been disbursed, and the government aims to extend these benefits to a total of 2 million people, demonstrating a commitment to effective and targeted support through rigorous efforts to identify eligible recipients and rectify shortcomings observed in the benefits distribution process from the preceding year.
Litro Gas Chairman Muditha Pieris says the price of a 12.5kg cylinder of Litro domestic LP gas has been increased with effect from 1st Jan’24 by Rs.685 to Rs. 4,250, 5kg by Rs.276 to Rs.1,707, and 2.3 kg by Rs.127 to Rs.795: the price of a 12.5kg cylinder in March’22 was Rs.2,675.
National Transport Commission says bus fares will not be increased even though the price of diesel has been increased.
SJB trade union leader Ananda Palitha says the Govt is continuing to charge Rs.50 on a litre of petrol and diesel “to recover losses” incurred by the state-owned Ceylon Petroleum Corporation, even after imposing 18% VAT on fuel from 1st Jan’24: analysts say LIOC & Sinopec make windfall profits as a result.
Informed sources say SL has given an undertaking to India that it will not allow any Chinese research vessels to dock at its Ports or operate within its exclusive economic zone for 1 year: also say this means Chinese scientific research vessel “Xiang Yang Hong 3”, scheduled to conduct “deep water exploration” in the South Indian Ocean from 5th Jan’24 to late May, will not be granted clearance by SL authorities: in 2023, at least 25 Chinese ships including warships, submarines, ballistic missile trackers and research vessels have operated in the Indian Ocean Region.
Tourism Development Authority says 210,352 tourists arrived in Dec’23, bringing the total tourist arrivals to 1,487,303 in the year 2023.
Agriculture Minister Mahinda Amaraweera says a special programme has been launched to increase the local coconut production by 1 bn nuts in the next 3 years to achieve a total production of 5 bn nuts.
SLPP MPs Professor G L Peiris & Dilan Perera declare that they will move to form a political alliance under the leadership of Opposition Leader in view of the Presidential Elections.
Official data shows SL’s imports fell significantly in Nov’23 to USD 1,389mn from USD 1,610mn in Oct’23: worker remittances also drop drastically in Nov’23 to USD 384mn from USD 683mn in Oct’23.
President’s Office State Revenue Unit Director General M J Gunasiri says Govt revenue has surpassed Rs.3,000bn in 2023 for the 1st time in history: says Govt collected Rs.3,115bn: also says the Govt’s tax revenues have been able to meet the expenses other than the interest expenses.
Customs Senior Director Seevali Arukgoda says SL Customs has made its highest revenue generation of Rs.970bn in 2023: also says this achievement is 109% of the amended revenue target of Rs.893bn: the original revenue target set for Customs at the start of 2023 was Rs.1,217bn, but later reduced to Rs.893bn owing to the “unstable economic situation”.
January 02, Colombo (LNW): President Ranil Wickremesinghe attending the opening ceremony of the new Air Force Headquarters at Akuregoda, Battaramulla Military Headquarters expressed his hope for unity in the New Year and asserted that he bears responsibility for the challenging decisions made.
He called for collaboration among political parties to fulfil their collective responsibility in safeguarding the nation, deflecting attention from the ongoing criticism.
Despite facing backlash for the policy decisions implemented by the government, he defended them, claiming they were made in the best interest of the country.
As the Commander-in-Chief, President Wickremesinghe received military honours upon his arrival at the Air Force Headquarters, presenting this as a significant step in the nation’s commitment to modernise its defence infrastructure.
While inaugurating the new Air Force Headquarters, he participated in the observation of the parade organised by the Air Force, showcasing a symbolic display of Air Force planes soaring in the sky as a tribute to the President.
Full Statement:
Today marks a momentous occasion for the Air Force, commemorating 73 years of dedicated service. Throughout its history, the Air Force has played a pivotal role in rescuing citizens from the perils of terrorist wars, internal conflicts, and natural disasters.
The inauguration of the modern Air Force Headquarters equipped with cutting-edge technology signifies a significant milestone, enabling the provision of technical expertise crucial for addressing future challenges.
The Air Force”s role in positioning Sri Lanka as a defence hub in the Indian Ocean is of immense significance. To fulfil this role effectively, our forces must advance with new knowledge and technology.
The application of modern security knowledge not only aids in addressing domestic challenges but also empowers us to identify and resolve international issues.
The establishment of the Air Force Headquarters within the Army Headquarters today is viewed as an inaugural move towards the modernisation of our defence infrastructure.
As part of a comprehensive plan, the previous Air Force Headquarters office is scheduled to be transferred to the Police Headquarters, optimising the use of existing facilities. Additionally, there are strategic intentions to dismantle the structures formerly housing the Police Headquarters and the Ministry of Foreign Affairs.
This ambitious initiative envisions transforming the vacated area into a vibrant tourist zone, aligning with broader urban development objectives and promoting economic diversification.
The present challenge before us is the task of rebuilding the country’s economy, a responsibility that rests on the shoulders of all citizens. Upon assuming the presidency, I inherited a nation grappling with a complete economic collapse.
Consequently, the onus to revive the country’s economy was entrusted to me. Faced with a critical decision, I deliberated with the cabinet on whether to engage in political exercises or directly focus on the formidable task of economic reconstruction.
Contemplating the economic hardships confronting Lebanon, where an economic programme encountered a two-year delay, and the extended recovery period of Greece lasting thirteen years due to political instability, I sought an alternative path. Unlike the extreme measures adopted by certain nations, like slashing public service wages by 50%, I was resolute in avoiding such severe actions.
Recognising a decline in our Gross Domestic Product (GDP), we opted for a more calculated and direct strategy. Through the implementation of clear-cut decisions, our aim was to attain a specific level of economic resilience by the end of 2023. To fortify the nation’s economy, timely and essential decisions must be made.
Our aim is to attain a 3% economic growth rate this year, with a commitment to advancing even more rapidly. Several countries have expressed their support, raising inquiries about our ability to service the incurred debt in the future. To address this concern, it is imperative to diversify and create new sources of income, ensuring the sustainability of our economic recovery.
Last year, the government revenue reached Rs. 3.1 trillion, constituting 12% of our GDP. As part of our strategic vision, we aim to elevate the GDP to 15% by 2026. In the year 2024, we have set a target of achieving Rs. 4.2 trillion in government revenue, necessitating a revision of the Value Added Tax (VAT).
In our pursuit of fiscal responsibility, we anticipate a primary surplus of 8 decimals. However, it is essential to maintain a primary surplus at 2.3 until 2025 as we diligently work towards these objectives. Despite the inherent challenges, our commitment to a comprehensive programme aimed at strengthening the country’s economy remains unwavering.
Acknowledging the inherent difficulty of the task at hand, I have carefully considered the challenges associated with the decisions we are making. It is not without recognising the complexities and obstacles that I have pondered these choices extensively.
The weight of the responsibility lies in understanding that without taking these decisive measures, we risk facing a recurrence of the last economic crisis. Conversely, implementing this programme represents an opportunity for the country to forge a path toward a better future. Despite the difficulties, the potential for positive transformation and sustained growth is significant.
It is with a clear understanding of these considerations and a steadfast commitment to the well-being and prosperity of the nation that I have made these decisions for the country.
Assuming the role of the presidency was not driven by a desire for popularity but rather a commitment to nation-building and securing a prosperous future for citizens and their children. Consequently, challenging decisions must be made for the greater good. I have communicated these decisions to the Prime Minister and the Cabinet, who have concurred, and I express gratitude for their support.
Recognising the challenges associated with tax collection, we have sought assistance from the International Monetary Fund (IMF) to establish a new revenue authority. These collaborative efforts aim to elevate the country”s economy to approximately 5% by the fiscal year 2025-2026.
The current trajectory falls short of our aspiration for future generations, necessitating a growth target of 8%-9%. Deliberations are underway to chart a course towards achieving this ambitious goal.
In assuming the responsibility of making challenging decisions to fortify the nation’s economy, I bear the accountability for these choices. It is incumbent upon fellow politicians to recognise their duty in safeguarding the nation.
Collaboration is imperative as we unite to bolster the country’s economic foundations. A collective effort is pivotal in ensuring swift development post-2024. I earnestly call upon everyone to contribute to this shared endeavour.
Present at this event were various individuals, including State Minister for Defence Mr. Premitha Bandara Tennakoon, Senior Adviser to the President on National Security and Chief of Staff to the President Mr. Sagala Ratnayaka, Secretary to the Ministry of Defence General Kamal Gunaratne (Retired), Governor of the Western Province Marshal of the Air Force Mr. Roshan Gunathilake, Chief of Defence Staff General Shavendra Silva, Air Force Commander Air Marshal Udeni Rajapaksa, Army Commander Lt. Gen. Vikum Liyanage, Navy Commander Vice Admiral Priyantha Perera, and a group of military officers, which also includes retired Air Force personnel.
January 01, Colombo (LNW): Sri Lanka Customs in the fiscal year 2023 has realised a historic milestone by surpassing a revenue threshold exceeding Rs. 900 billion, Customs Spokesman Seevali Arukgoda disclosed.
Remarkably, the department’s revenue for the year reached Rs. 970 billion, establishing a new pinnacle and registering the highest annual total in its operational history.
This achievement reflects a substantial increase, with the revenue collected in 2023 standing at 138 per cent higher than that of the year before.
Initially, the Finance Ministry had set an ambitious revenue target of Rs. 1,217 billion for the year 2023. However, economic challenges necessitated a subsequent revision, restricting the target to Rs. 893 billion.
It is noteworthy that, despite the adjustment in the targeted revenue, the actual revenue collected in 2023 still represents the highest annual figure on record.
A historical perspective reveals that in 2018, Sri Lanka Customs had previously attained a significant revenue of Rs. 923 billion.
January 02, Colombo (LNW): Cloudy skies will prevail in most parts of the island, with showers or thundershowers being expected at times in Eastern, Uva and Southern provinces and in Matale, Polonnaruwa and Nuwara-Eliya districts, the Department of Meteorology said in its daily weather forecast today (02).
A few showers are likely in Northern province and in Anuradhapura district, and showers or thundershowers may occur at several places elsewhere of the island after 2.00 p.m, the statement added.
Fairly heavy showers above 75 mm are likely at some places in Eastern, Uva, Western, Sabaragamuwa and Southern provinces.
Misty conditions can be expected at some places in Western, Sabaragamuwa and Central provinces during the morning.
The public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.
Marine Weather:
Condition of Rain:
Showers or thundershowers will occur at times in the sea areas off the coast extending from Trincomalee to Galle via Pottuvil and Hambantota. Showers or thundershowers may occur at several places elsewhere in the sea areas around the island during the afternoon or night.
Winds:
Winds will be north-easterly and wind speed will be (25-35) kmph. Wind speed may increase up to (40-50) kmph at times in the sea areas off the coasts extending from Colombo to Kankasanthurai via Puttalam and Mannar and from Pottuvil to Galle via Hambantota.
State of Sea:
The sea areas off the coasts extending from Colombo to Kankasanthurai via Puttalam and Mannar and from Pottuvil to Galle via Hambantota will be fairly rough at times. The other sea areas around the island will be moderate. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.
January 01, Colombo (LNW): Private LP gas vendor LAUGFS Gas today (01) announced a price hike on their domestic LP gas cylinders, in response to the revised value-added tax (VAT).
Accordingly, the price of a 12.5 kg domestic gas cylinder will soar by Rs. 755 to Rs. 4,740.
The price of a 5 kg domestic gas cylinder will soar by Rs. 305 to Rs. 1,900.
