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Thailand to promote Buddhist tourism and two-way travel with Sri Lanka

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By: Staff Writer

Colombo (LNW): Thailand Minister of Tourism and Sport Sudawan Wangsuphakijkosol assured her fullest support and cooperation for strengthening Thai-Sri Lanka relations in the field of tourism, especially to enhance Buddhist religious tourism, and two-way tourism exchanges.

The Ambassador of Sri Lanka to Thailand and Permanent Representative to UNESCAP C.A. Chaminda I. Colonne paid a courtesy call on Thai Minister Sudawan Wangsuphakijkosol at the Ministry of Tourism and Sport of Thailand on Tuesday (Dec. 19), the Embassy and Permanent Mission of Sri Lanka in Bangkok said in a statement.

This visit was intended to congratulate the inauguration of the Minister of Tourism and Sports. Also, mentioned ongoing mutual cooperation.

Minister Wangsuphakijkosol warmly welcomed Ambassador Chaminda Colonne, and the Ambassador congratulated the newly appointed Minister.

The Ambassador also requested the Ministry of Tourism and Sport of Thailand to encourage Thai investors to invest in the hospitality and tourism sectors in Sri Lanka, the statement added.

Mr. Colonne further highlighted that the Government of Sri Lanka has recently waived the visa-free for Thai nationality in order to promote Sri Lanka as a destination for Thai tourists.

All in all, the Minister of Tourism and Sports was welcome to encourage Two-Way Tourism with Sri Lanka through supporting each other and is confident that the exemption from visa checks with Thais will encourage more Thai tourists to travel to Sri Lanka, the Embassy and Permanent Mission of Sri Lanka in Bangkok said.

The invitation extended by Ambassador Chaminda Colonne to Minister Sudawan Wangsuphakijkosol to visit Sri Lanka at a convenient time in the near future, was warmly accepted.

Head of Chancery, A.W.S. Samanmali and the First Secretary (Commercial), Vireshika Bandara accompanied the Ambassador for the discussion.

Both discussed ways to enhance Religious Tourism, and Two-Way Tourism exchanges through a creation of Sri Lankan discussion with the Tourism Authority of Thailand to prepare leaflets and video sets to promote new Buddhist attractions to be more famous.

Sri Lanka is to invite Thai investors to invest in tourism and hotels in Sri Lanka.

Therefore, the SL government requested the support from the Ministry of Tourism and Sport in helping to push forward and coordinate with relevant agencies to encourage more investors to invest in Sri Lanka.

Sri Lankan waives visa for Thai tourists to invite more visitors to Sri Lanka. In addition, there are airlines flying to Sri Lanka, both national and low cost airlines are available.

Today’s (Dec 22) official exchange rates

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Colombo (LNW): The Sri Lankan Rupee (LKR) has slightly appreciated against the US Dollar today (22) in comparison to yesterday, as per the official exchange rates issued by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buying price of the US Dollar has dropped to Rs. 321.46 from Rs. 321.92, and the selling price to Rs. 331.30 from Rs. 331.49.

However, the Sri Lankan Rupee indicates slight depreciation against other foreign currencies.

Sri Lanka Apparel export earnings dip in first ten months

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By: Staff Writer

Colombo (LNW): The apparel and textile industry, the backbone of the Sri Lankan economy, contributing significantly to the country’s gross domestic product is now in down turn due to economic set back in major Western markets, industry sources claimed.

The garment industry which was resilient even during the covid19 and economic crisis period in the island is in the midst of a huge battle of its own due to massive loss in purchase orders of European countries.

Sri Lanka’s apparel export revenue has come down to US$ 4,042.8 million during the first 10 months of this year from $ 5,952 million during the same period last year, Central Bank data shows.

Since September 2022, apparel export earnings have been on a downward trend on a YoY basis, primarily due to the economic slowdown in major Western markets.

However, in comparison to the export figures of September (US$ 333.18 million) and October (US$ 330.95 million), the apparel sector demonstrated enhanced earnings in November, perhaps signaling potential turnaround, especially with the seasonal demand.

As per the provisional data shared by the Joint Apparel Association Forum (JAAF), only exports to the United Kingdom show positive growth with earnings expanding by 19.7 percent YoY, totaling US$ 48.34 million.

Exports earnings from key markets such as the United States dipped 15.12 percent YoY to US$ 141.09 million, while from the EU, earnings contracted by 7.18 percent YoY to US$ 126.62 million. Exports to ‘other’ markets declined 32.87 percent to US$ 55.07 million.

Apparel export earnings for the first eleven months of the year totaled US$ 4.1 billion, a 19.58 percent YoY contraction.

Earnings fetched from all markets dipped with the highest contraction seen from the United States. Export earnings from that market, the largest for Sri Lanka for the year so far, declined 23.81 percent YoY to US$ 1.63 billion.

Similarly, earnings from the EU and the United Kingdom declined by 17.81 percent YoY and 13.76 percent YoY to US$ 1.26 billion and US$ 572 million, respectively. Exports to ‘other’ markets contracted by 18.17 percent YoY to US$ 642 million.

Apparel is Sri Lanka’s largest industrial export and it earned US$ 5.95 billion in 2022. The country’s apparel sector has about 300,000 employees, most of whom are women.

JAAF anticipates a decrease of approximately one billion dollars in this year’s apparel and textile export earnings compared to last year.

President appoints ten Ministry Secretaries and two Chief Secretaries

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Colombo (LNW): President Ranil Wickremesinghe has announced the appointment of ten Ministry Secretaries and two Chief Secretaries, effective from January 1, 2024.

  1. Ms. Wasantha Perera – Secretary to the Ministry of Education
  2. Mr. M.N. Ranasinghe – Secretary, Ministry of Justice, Prisons & Constitutional Reforms
  3. Mr. Gunadasa Samarasinghe – Secretary, Ministry of Wildlife & Forest Resources Conservation
  4. Mr. A.C. Mohammad Nafeel – Secretary, Ministry of Water Supply & Estate Infrastructure
  5. Mr. W.P.P. Yasaratne – Secretary, Ministry of Public Administration, Home Affairs, Provincial Councils & Local Government
  6. Mr. Saman Darshana Pandikorala – Secretary, Ministry of Irrigation
  7. Mr. B.K.P. Chandrakeerthi – Secretary to the Ministry of Environment
  8. Dr. Sulaksha Jayawardena – Secretary, Ministry of Power and Energy
  9. Eng. Mr. Ranjith Rubasinghe – Secretary, Ministry of Transport and Highways
  10. Dr. Dharmasri Kumaratunga – Secretary, Ministry of Technology
  11. Mr. R.M.W.S. Samaradiwakara as the Chief Secretary of the North Central Province
  12. Miss. S.L.D.K. Wijayasinghe as the Chief Secretary of the Western Province

SJB suspends Amitha Bandara’s membership and organiser role following drug charge

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Colombo (LNW): The Samagi Jana Balawegaya (SJB) has opted to suspend the party membership of Amitha Bandara, the Kurunegala District Organiser, following reports of his apprehension in a recent drug raid by the Police.

In an official statement, the SJB disclosed that the decision was made in response to information indicating his involvement in the drug-related incident.

Bandara was arrested at the Mahawa Junction on Tuesday, accompanied by the seizure of 778.26 grams of heroin by officers from the Kegalle Crimes Investigations Bureau.

During the arrest, law enforcement confiscated a jeep used for transporting the narcotics, a car, an electric scale, multiple chequebooks from various banks, bank cards, and bank account books from the suspect.

In light of these developments, the SJB has promptly suspended Bandara’s party membership and removed him from the position of Kurunegala District Organiser.

Further decisions on this matter are slated to be addressed during the party’s working committee meeting scheduled for today, December 22.

‘Yukthiya’ operation results in the arrest of nearly 10,000 suspects

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Colombo (LNW): A total of 1,865 individuals were apprehended during the islandwide special operation ‘Yukthiya’ (Justice) conducted by the Police and the Special Task Force (STF) from yesterday until 12:30 am today.

The Ministry of Public Security reported that this operation aimed to combat the drug menace in Sri Lanka, and investigations are ongoing into the assets and possessions of 40 suspects among the arrested individuals.

The ministry further disclosed that 134 of the suspects have been referred for rehabilitation.

Since the commencement of the ‘Yukthiya’ island-wide special operation last weekend, nearly 10,000 suspects have been taken into custody.

The Police, in their operations, have confiscated various illegal assets and substantial quantities of narcotics.

Moreover, during yesterday’s operation, law enforcement seized assets estimated at around Rs. 92 million, including vehicles, land, houses, and gold.

These assets are believed to have been acquired using funds derived from illicit drug activities.

Dollar rate at commercial banks today (Dec 22)

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Colombo (LNW): The Sri Lankan Rupee (LKR) has appreciated against the US Dollar today (22) in comparison to yesterday as per leading commercial banks in the country.

At Peoples Bank, the buying price of the US Dollar has dropped to Rs. 320.25 from Rs. 320.94, and the selling price to Rs. 331.41 from Rs. 332.12

At Commercial Bank, the buying price of the US Dollar has dropped to Rs. 320.12 from Rs. 320.37, and the selling price to Rs. 330.25 from Rs. 330.50.

At Sampath Bank, the buying price of the US Dollar has dropped to Rs. 321 from Rs. 322, and the selling price to Rs. 330 from Rs. 331.

Sri Lanka Original Narrative Summary: 22/12

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  1. SLPP leader & former President Mahinda Rajapaksa alleges that USD 10,000mn in new International Sovereign Bonds were issued between 2015 and 2019 by the Yahapalana administration, comprising the UNP & SLFP which debilitated the economy: asserts when he was voted out in Jan’15, the outstanding ISB debt was only USD 5,000mn.
  2. SJB MP & Economic Guru Harsha de Silva cautions Govt against counting loans received from IMF, World Bank & ADB as “external buffers” as they have to be paid back: asserts that loans from whatever sources are not earned reserves: analysts point out that at end-2019, when the Yahapalanaya Govt relinquished office, the External Reserves were USD 7.6bn, while the ISBs outstanding were USD 15.0bn, which meant that ISB loans were USD 7.4bn higher than the Reserves.
  3. Anti-Parate Activist & National Construction Association Chairman Susantha Liyanaarachchi says businesses can’t get any support from the banking sector as all banks have tightened up after SL announced bankruptcy: laments SMEs which had previously contributed to around 51% of GDP, have now started to collapse.
  4. Trade Unions of various sectors gear up for comprehensive joint discussions to address Govt’s attempts to privatise electricity, banking, insurance, telecom & postal services: initial discussions to commence next week.
  5. Minister of Public Security Tiran Alles says orders issued to arrest 4,664 persons, who are allegedly involved in drug trafficking & underworld activities: explains ongoing islandwide Police operation “Yukthiya” at a media briefing: receives a threatening phone call after the briefing, which is now being investigated by Police.
  6. Customs Dept fails to collect over Rs.61bn in tax arrears last year: able to collect only 9% of the outstanding taxes.
  7. Cardinal Malcolm Ranjith says a 4-member family requires at least Rs.120,000 per month to have 3 meals per day, but a common man receives a wage of about Rs70,000 to 80,000 only: asserts people have been pushed into borrowing & a “debt economy” is now emerging: also asserts professionals leave the country as the income they receive is inadequate to pay income taxes.
  8. Benchmark 1-year T-Bill weekly auction fails for the 13th consecutive week: Central Bank able to sell only 14.2% (Rs 7,797 million) of its original offer of Rs 55,000mn: even after such a low sale, the weighted average yield increases by 10 bps to 12.93%: Central Bank also fails to sell the total T-Bills offered for the 2nd consecutive market week: analysts warn a Govt liquidity crisis of unprecedented magnitude is brewing.
  9. State Minister of Finance, Shehan Semasinghe says “Aswesuma” payments for Dec’23 for 1,410,064 families, amounting to Rs.8,793mn has been transferred to Banks: also says the Govt has so far paid Rs.51,967mn from July to Dec’23 to 303,199 extremely poor families, 606,496 poor families, 290,624 vulnerable families and 209,745 transitional families.
  10. Dept of Census & Statistics says Overall Rate of Inflation, as measured by National Consumer Price Index was 2.8% in Nov’23, compared to 1.0% in Oct’23: Food-Inflation in Nov’23 increased to -2.2% from -5.2% in Oct’23; Non-Food Inflation increased to 7.1% in Nov’23 from 6.3% in Oct’23.

SLPP Leader MR asserts Dhammika Perera would be a commendable candidate for Presidential Polls (VIDEO)

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Colombo (LNW): MP Dhammika Perera would be a commendable candidate from the Sri Lanka Podujana Peramuna (SLPP) should he decide to run for the presidential election, Party Leader Mahinda Rajapaksa said Wednesday (20), in response to reporters.

Rajapaksa, however, clarified that the official presidential candidate for the SLPP is yet to be decided.

The former President made this remark during his participation in an event at the Foundation Institute in Colombo.

39-day school holiday commences from today (Dec 22)

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Colombo (LNW): The initial segment of the third term for the academic year 2023 concludes on Friday, the 22nd, for both government and government-approved private schools.

Following this, the second phase of the third school term is scheduled to commence on February 1, 2024, granting students a substantial 39-day-long school holiday.

During this period, plans are underway to conduct the GCE Advanced Level Examination, with the Ministry of Education specifying the exam dates as January 4 to January 31, 2024.

Additionally, the Education Ministry has outlined that the inaugural school term of 2024 is set to commence on February 19.