Colombo (LNW): The Sri Lankan Rupee (LKR) indicates a slight depreciation against the US Dollar at leading commercial banks today (17) in comparison to yesterday.
At Peoples Bank, the buying and selling prices of the US Dollar remain steady at Rs. 316.18 and Rs. 329.37, respectively.
At Commercial Bank, the buying price of the US Dollar has increased to Rs. 317.68 from Rs. 316.78, and the selling price to Rs. 328 from Rs. 327.75.
At Sampath Bank, the buying price of the US Dollar has increased to Rs. 319 from Rs. 318, and the selling price to Rs. 329 from Rs. 328.
Colombo (LNW): The Election Commission has requested Rs11 billion from the finance ministry to get ready for the arrangements to hold the presidential government elections next year.
This request has been made to the finance ministry secretary in writing by the Election Commission, a high official of the finance ministry disclosed.
The Election Commission (EC) has requested the Ministry of Finance to allocate Rs. 11 billion from the Budget for the year 2024 for the Presidential Election to be held next year (2024).
EC Chairman R.M.A.L. Rathnayake said that it is a general practice for the EC to request the Finance Ministry to allocate funds from the budget for a particular year if an election is scheduled to be held that year.
Meanwhile the Supreme Court has not yet given a judgement on several cases filed by opposition representatives relating to postponement of local government elections. The hearing of these cases and the issuance of a judgement had been postponed to November 21.
A sum of Rs 9 billion has been estimated for the total expenditure for the election, the commission pointed out adding that it needs about Rs 2.2 billion till the date of the local poll for preliminary spending.
The Balance Rs 6.8 billion is required for fuel, electricity, printing and other relevant services one and half months after the completion of elections, the election commission added.
The government has already spent a massive sum of public money amounting to Rs1 billion for preliminary activities of the postponed local government elections scheduled to be held on April 25 2023 finance ministry records showed.
The cost for the Election Commission to conduct the elections estimated at just over Rs. 9 billion and the printing cost alone was Rs.1.827 billion out of which a sum of Rs.1 billion has already been spent,
A high Official of the Elections Commission stated that the deposits could be refunded only in the event the nominations submitted for the upcoming election are cancelled.
He further noted that in order for the nominations to be cancelled, the government is required to table a Bill in this regard before the Parliament, else, nominations will be cancelled only by way of a gazette notification
In the meantime the members of the Election Commission recently met with the Prime Minister and State Administration Minister Dinesh Gunawardena.
They discussed the matters necessary to hold the postponed local government and provincial council elections as soon as possible.
The Commission has requested the Prime Minister to prepare the necessary background for conducting the elections, and the Prime Minister has said that the necessary arrangements are being made.
The Commission has also informed the Prime Minister that due to the postponement of the local government elections, the public servants who have come forward as candidates are facing severe problems.
Colombo (LNW): A strike action will be staged by the Professionals Trade Union Collective in front of the Finance Ministry this (17) afternoon, reports said.
The strike is being organised in response to various concerns, including proposed changes to the government’s controversial tax policy following the International Monetary Fund’s (IMF) initial review, Spokesperson for the Government Medical Officers’ Association (GMOA) Dr. Chamil Wijesinghe said.
Trade unions have initiated a series of strikes in protest against the government’s taxation policies.
Speakers at a “closed-door” IMF event say the IMF set targets in its ongoing SL programme could lead to another default: Veritas’ Dr Nishan de Mel says the IMF must place a focus on governance issues in SL: Transparency International’s Nadishani Perera asserts that high levels of corruption hinders SL’s development and calls upon International Financial Institutions to insist on governance reforms.
Opposition Leader Sajith Premadasa’s office says the Dept of Pension officials have stated that the Dept will have to face a financial crisis in paying pensions by the year 2028 or 2030.
Higher Education State Minister Dr Suren Ragavan says his Ministry will “monitor” university hostels at night to prevent incidents of ragging by senior students: Inter-University Students’ Federation & Federation of University Teachers’ Associations say that decision would create turmoil between university students & law enforcement authorities.
Senior Consultant Physician Dr Ananda Wijewickrama says the potential spread of viral infections can be attributed to the fluctuation in temperature & change in weather conditions: warns that ignoring medical attention could lead to dangerous consequences.
Elections Commission requests the Ministry of Finance to allocate Rs.11bn from the Budget 2024 for the Presidential Election to be held in 2024: EC Chairman R M A L Rathnayake saye it’s a general practice for the EC to request the Finance Ministry to allocate funds from the budget for a particular year, if an election is scheduled for that year.
Top Opposition spokesperson Professor G L Peiris says Justice Minister Dr Wijeyadasa Rajapakshe’s attempt to introduce a new system for electing MPs is a “politically motivated project to sabotage national elections”: asserts such an exercise couldn’t be justified under any circumstances at a time the PC and LG polls, too, had been put off indefinitely.
PM Dinesh Gunawardena calls for a Party Leaders’ meeting in Parliament to discuss proposed amendments to election laws, including a proposal to elect 160 MPs from constituencies and the other 65 MPs through the Proportional Representation system.
SL’s tourism industry welcomes 50,395 tourists in the first 15 days of October’23: sets a positive trend for the monthly target of 147,789 arrivals: cumulative arrivals for 2023 so far, exceeds 1.06 mn.
Archbishop of Colombo Malcolm Cardinal Ranjith files a Petition before the Supreme Court challenging the Online Safety Bill.
SL loses its ICC Cricket World Cup 2023 match against Australia by 5 wickets: SL – 209 (43.3overs) K Perera 78: AUS – 215/5 (35.2 overs) Madushanka 38/3.
Colombo (LNW): A proposal is set to be tabled in Parliament today (17) seeking the establishment of a Select Committee to probe allegations made against Sri Lankan authorities and certain politicians in British Channel 4’s programme concerning the 2019 Easter Sunday genocide.
The proposal aims to establish a committee that will examine the validity of claims suggesting ties or conspiracies between the accused officials, politicians, and the terrorists responsible for the suicide bombings, according to the Parliamentary Order Paper.
The committee is also expected to assess the progress of investigations to date and report its findings to Parliament, and to deliver its report within two months from its inaugural meeting.
This motion has been backed by several Ruling Party MPs, including Major Pradeep Undugoda, Sanjeeva Edirimanna, Madhura Withanage, Jayantha Ketagoda, D. B. Herath, and Karunadasa Kodithuwakku.
Additionally, a bill proposing the creation of the Office for National Unity and Reconciliation will be introduced in Parliament today.
The parliamentary session is scheduled to begin at 09:30 am under the patronage of Speaker Mahinda Yapa Abeywardena.
Colombo (LNW): The AIA Annual Company Conference 2023 was a glamorous evening dedicated to celebrating and rewarding the achievements of its employees.
Marking a significant date in the company’s calendar, the event was a tribute to the dedication of employees whose efforts contributed to AIA’s success.
At the conference, eight CEO’s Special Awards and 132 Leadership Essential Awards were presented to exceptional employees. In addition, the Most Talented Child award was given to the most accomplished child among the staff’s offspring. Those who achieved the MDRT accolade in 2022 were also acknowledged.
Presentations were made by AIA’s CEO, Chathuri Munaweera, Chief Agency Officer, Chanaka Liyanage, and Director of Partnership Distribution, Senaka Rajapakse. They highlighted the company’s performance over the year and praised individual and team accomplishments.
AGM HR, Chalini Guneratne, and Associate Director of Agency Distribution, Dimuthu Piyasena, hosted the event, which was enriched by musical performances from AIA’s very own employees.
Entertainment was also provided by Adithya Weliwatte, Ravi Royster, Chandana’s dance group and the Naadro Drummers, bringing a musical touch to the proceedings.
Director of HR, Thushari Perera, commented, “It was truly a moment of immense pride to celebrate the outstanding achievements of our employees. After three long years, we had the privilege of coming together, not just as a company, but as a family to honor the dedication and hard work that has driven our success. Seeing employees from all corners of our island come together to revel in their accomplishments warms my heart. Our Annual Company Conference is not just an event; it’s a testament to the spirit of unity, determination, and excellence that defines AIA. Congratulations to all the winners – you are the embodiment of our shared values and the driving force behind our continued success.”
Colombo (LNW): The Public Utilities Commission of Sri Lanka (PUCSL) has urged the Ceylon Electricity Board (CEB) to provide a revised electricity tariff proposal by 18th October, due to discrepancies in the CEB’s assumptions.
The PUCSL highlighted deviations in the CEB’s forecasted demand data for September and October 2023 compared to actual figures, according to reports.
The CEB’s predictions on hydro storage for October and November 2023 also differed from current figures, with inflow for early October exceeding estimates.
Additionally, while the CEB’s submissions in May and September 2023 showed differing forecasts for coal dispatch, the PUCSL found the impact of coal dispatch reduction inconsistent with recent data, particularly given a drop in coal price between the two submissions.
In a letter addressed to the CEB’s General Manager, the Director General of PUCSL highlighted that while the CEB had projected a demand of 44.70 GWh/day for September 2023 and an average of 42.88 GWh/day for October-December 2023, the actual demand was 41.01 GWh/day for September and 41.30 GWh/day for October.
Regarding hydro-power, the CEB’s predictions for starting hydro storage levels for October and November 2023 were 503 GWh and 635 GWh respectively, but current hydro storage stands at 668 GWh, with an inflow of 314 GWh from 1st to 12th October, significantly surpassing the estimates, the letter disclosed.
The CEB’s coal dispatch forecasts for October-December 2023 showed disparities between their May and September 2023 submissions, and exhibits a more significant reduction in demand in comparison to the coal dispatch decline, it added, emphasising that with coal prices dropping from 68.6 LKR/kg in May to 52.6 LKR/kg in September, the coal dispatch reduction does not align with the updated data.
Colombo (LNW): The Human Rights Commission of Sri Lanka (HRCSL) intends to publish guidelines on safeguarding human rights defenders and will consult further to finalise them, the Commission said in a statement dated Oct 16, 2023.
At a meeting on 10th October, civil society representatives discussed their concerns with the HRCSL, including threats to democratic spaces, harassment of human rights workers, economic and social rights, and challenges for disabled persons, especially regarding transport.
They urged for a more transparent commission, keen to collaborate with its thematic subcommittees.
Chaired by Justice L.T.B. Dehideniya, the HRCSL highlighted plans to reinstate thematic sub-committee systems with input from civil society experts.
The HRCSL encouraged continued partnership with civil society to bolster human rights in Sri Lanka.
Colombo (LNW): The Intertropical Convergence Zone (where winds from the Northern Hemisphere and Southern Hemisphere converge) is affecting the island’s weather, and due to its influence, the current rainy conditions of the island are expected to be enhanced, the Department of Meteorology said in its daily weather forecast today (17).
Showers or thundershowers will occur over most parts of the island after 2.00 p.m., and heavy showers above 100 mm can be expected at some places in Uva, Sabaragamuwa and Central provinces, the statement added.
Showers may occur in coastal areas of Western, Southern and Eastern provinces and in Mannar and Jaffna districts during the morning too.
The general 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 several places in the sea areas off coast extending from Puttalam to Pottuvil via Kankasanthurai, Trincomalee and Batticaloa. Showers or thundershowers will occur at a few places in the other sea areas around the island, particularly during evening or night.
Winds:
Winds will be south-westerly or variable in direction and wind speed will be (20-30) kmph.
State of Sea: The sea areas around the island will be slight.
Temporarily strong gusty winds and very rough seas can be expected during thundershowers.
Colombo (LNW): President Ranil Wickremesinghe told a packed audience in Beijing China to invest in Sri Lanka.
He was speaking at the investment seminar organised by the Board of Investment in Sri Lanka and the Sri Lankan Embassy in China.
Foreign Minister Ali Sabry PC, Transport Minister Banduala Gunawardana , Governor Central Bank of Sri Lanka (CBSL) Dr Nandalal Weerasinghe, Chairman of the Board of Investment (BOI) DInesh Weerakkody and Sagala Rathnayake Advisor to President participated in the discussion.