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Sri Lankan Rupee Experiences Slight Appreciation Against US Dollar

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The Sri Lankan Rupee has shown a modest appreciation against the US Dollar at commercial banks in Sri Lanka on September 27, as compared to the rates observed on Tuesday.

  • At Peoples Bank, the buying rate for the US Dollar has decreased from Rs. 316.91 to Rs. 316.18, and the selling rate has dropped from Rs. 330.13 to Rs. 329.37.
  • Commercial Bank maintains a buying rate of Rs. 318.18 for the US Dollar, while the selling rate remains steady at Rs 328.50.
  • Meanwhile, at Sampath Bank, the buying rate for the US Dollar has decreased from Rs. 318 to Rs. 317, and the selling rate has dropped from Rs. 328 to Rs. 327.

Three Arrested at BIA with Illegally Imported Communication Equipment

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Katunayake Airport Police have apprehended three individuals in possession of a cache of communication equipment that was illegally imported into Sri Lanka. The suspects, aged 22, 27, and 46, are residents of Colombo 10.

The discovery of the communication equipment occurred during an inspection of a motor vehicle that was preparing to depart from the Katunayake Airport premises. Among the seized items were nine laptops, 121 smartphones, 100 smaller mobile phones, as well as 240 chargers, phone batteries, and phone covers.

The Airport Police are currently conducting further investigations into the incident to determine the full extent of the illegal importation and potential legal implications for those involved.

Foreign Minister Disputes Canada’s Accusations, Cites Lack of Evidence

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Minister of Foreign Affairs, Ali Sabry, has responded to the diplomatic dispute between India and Canada, expressing concern that Canada is providing a safe haven for terrorists and accusing Prime Minister Justin Trudeau of making baseless allegations without evidence.

In an interview with India’s ANI, Sabry noted that he is not surprised by Trudeau’s comments, as the Canadian leader has a history of making “outrageous and unsubstantiated allegations.” Sabry referenced a previous instance when Canada accused Sri Lanka of genocide, which he deemed a “terrible, baseless lie.”

The recent dispute stems from Trudeau’s remarks on September 18, in which he suggested that India was involved in the shooting of Khalistan separatist Hardeep Singh Nijjar in Canada. India promptly rejected these allegations as “absurd and motivated.”

The ongoing diplomatic tensions underscore the importance of evidence-based claims and responsible diplomacy in international relations.

Sri Lanka Original Narrative Summary: 27/09

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  1. Foreign Minister Ali Sabry contradicts the Defence Ministry and says Sri Lanka has not given permission to the Chinese research vessel Shi Yan-6 to dock in Colombo next month: says negotiations are still going on: adds that Indian security concerns are “important” for Sri Lanka.
  2. Foreign Minister Ali Sabry says Canada is a safe haven for terrorists and that Canadian PM Justin Trudeau has a way of coming out with outrageous allegations: the FM was speaking out in support of India amidst India’s ongoing diplomatic row with Canada.
  3. President Ranil Wickremesinghe says a new law will be introduced to transform the Port City into the Colombo Financial Zone, granting it jurisdiction over offshore activities: the legislation is expected to be enacted by the end of the year.
  4. Chairman of the Parliament Sectoral Oversight Committee on National Economic and Physical Plans – Mahindananda Aluthgamage says SL is struggling to meet its tax revenue target committed to the IMF this year: also says that is due to the inefficiency and corruption among state officials at Inland Revenue Dept, Customs, & Excise Dept; analysts point out however that the main reason for the decline in Govt revenue is the hugely contracting economy as a result of Govt & CB policies.
  5. Foreign tourist arrivals so far this year (2023) crosses 1 million.
  6. State Finance Minister Ranjith Siyambalapitiya says the 2024 Budget speech will be on Nov.13 & the debate on 2nd reading of the Appropriation Bill will be from Nov.14 to 21: the vote on the 2nd reading will be on Nov.21 & from Nov.22 to Dec.13 the debate on the 3rd reading will be held.
  7. Rebel SLPP MP Professor G L Peiris & SJB General Secretary MP Ranjith Madduma Bandara file a Fundamental Rights Petition before the Supreme Court challenging the Govt’s Domestic Debt Optimization programme: cite CB Governor, Monetary Board, Finance Secretary, Attorney General and several others as Respondents.
  8. Audit report on the Ministry of Health by the National Audit Office states that presently a shortage of 1,331 medical officers, 77 dentists, 1,759 nurses & 2,268 medical assistants is prevalent in the health sphere, thus dealing a crippling blow to its maintenance.
  9. Former NPP MP Dr Nalinda Jayatissa says a future NPP govt will work with the IMF and other institutions: also says the NPP will do so while respecting the people’s mandate: alleges the present Govt is only trying to postpone the economic crisis by hiding behind the IMF proposals.
  10. Cricket selectors exclude Wanindu Hasaranga from the 15-member World Cup squad as he is still recovering from injury: include Dushan Hemantha in the squad.

Sri Lanka’s Merchandise Exports Grow by 6.98% in August 2023

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Sri Lanka’s merchandise exports experienced a notable increase of 6.98% in August 2023, totaling USD 1,091.6 million, according to the Export Development Board (EDB). However, when compared to the same month in the previous year (August 2022), this figure represents a 10.91% decrease.

The decline in merchandise exports is primarily attributed to reduced demand for export products, particularly in sectors such as apparel and textiles, rubber and rubber-based products, and coconut and coconut-based products.

Looking at the period from January to August 2023, overall merchandise exports have decreased by 10.42% to USD 7,983.13 million compared to the corresponding period in 2022.

Despite the overall decline, some of the top export markets have shown strong performance during August 2023 and the January-August 2023 period. Notable performers include India, Italy, the UAE, and France. In contrast, exports to the USA, Sri Lanka’s largest single export destination, declined by 21.29% to USD 252.13 million in August 2023 compared to August 2022. Over the January-August 2023 period, exports to the USA decreased by 18.89% to USD 1,872.7 million compared to the same period in 2022.

Showery conditions expected in South-western part of the country

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Showery condition in the South-western part of the country is expected to be enhanced up to some extent in today and next few days.

Showers or thundershowers will occur at times in Western, Sabaragamuwa, Southern and North-western provinces and in Kandy and Nuwara-Eliya districts. Heavy showers about 100mm can be expected at some places in Western and Sabaragamuwa provinces and in Galle and Matara districts.Showers or thundershowers will occur at several places in Uva and Eastern provinces during the evening or night.General public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers. 

Activists demand immediate cancellation of “Online Safety Bill” (PHOTOS)

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Colombo (LNW): A protest was held in front of the Colombo Fort Railway Station this (26) afternoon demanding the immediate cancellation of the controversial “Online Safety Bill.”

As response to the government’s latest move of regulating Social Media in an attempt to restrict the people’s freedom of speech, the protest held under the slogan “Cancel The Online Safety Bill Immediately” demanded that the said bill be scrapped immediately and the people’s right to speech and right to expression be protected.

The event was organised by the Socialist Youth Union (SYU), and was attended by members of the SYU, civil and political activists and many other concerned individuals.

Photo Courtesy: Ajith Senevirathne

To view full photos, visit READPHOTOS

President Wickremesinghe’s US Visit Bolsters Sri Lanka’s Global Ties and Climate Commitment

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President Ranil Wickremesinghe’s recent visit to the United States has stirred controversy among the opposition, but according to Mr. Ruwan Wijewardene, Presidential Adviser on Climate Change, the nation stands to benefit significantly from the trip.

Speaking at a press conference held at the Presidential Media Centre today (25) under the theme Collective Path to a stable country,’ Mr. Wijewardene highlighted the strengthened bonds between America and Sri Lanka, as well as with other global powers, as a result of the visit.

“The long-term friendship between the United States and Sri Lanka, along with our positive relations with other world leaders, has been further reinforced during this visit,” stated Mr. Wijewardene.

He went on to underscore the significance of the visit in the context of this year’s United Nations General Assembly session in New York, which focused on ‘Climate Change and Sustainable Development Goals.’ President Wickremesinghe held discussions with numerous heads of state during the event, with expectations running high for favourable outcomes.

During a meeting with the President of the World Bank, Mr. Ajay Banga, on the first day of the visit, President Wickremesinghe received praise for the government’s economic policies and plans for future assistance in climate change initiatives and development programs were announced. Mr. Banga expressed his intention to visit Sri Lanka later this year.

In talks with the President of Korea, it was agreed to provide employment opportunities for a significant number of Sri Lankan youth and offer support for development initiatives. President Wickremesinghe also participated in the 3rd Annual Indo-Pacific Islands Dialogue, emphasizing the importance of regional cooperation to safeguard the identities of island states.

The visit solidified Sri Lanka’s relations with the United States, particularly in the context of climate change and sustainable development and President Wickremesinghe stressed the need for developed countries to play a significant role in addressing climate change and assist developing countries, including Sri Lanka, achieve their sustainable development goals.

President Wickremesinghe also touched upon global concerns such as inflation, food and energy security. Sri Lanka aims to meet 70% of its electricity needs through renewable energy sources by 2030. Plans are in place to increase forest protection by 32% and reduce greenhouse gas emissions by 14.5%, with the goal of achieving zero emissions by 2050.

Despite opposition criticism of President Wickremesinghe’s visit, Mr. Wijewardene concluded that the trip was of paramount importance to the nation, strengthening trust in Sri Lanka on the global stage through productive discussions with world leaders

President received the Inaugural Copy of “The Right Eye” by Manusha

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  • Sri Lanka’s Labour Movement should modernized in line with Global Trends – President Ranil Wickremesinghe.

The launch event for the investigative book titled “The Right Eye,” authored by Mr. Manusha Nanayakkara, the Minister of Labour and Foreign Employment, took place yesterday afternoon (24) at the Shangri-La Hotel in Colombo. President Ranil Wickremesinghe presided over the ceremony, with Prime Minister Mr. Dinesh Gunawardena in attendance.

During the event, Minister Manusha Nanayakkara presented the inaugural copy of “The Right Eye” to President Ranil Wickremesinghe. Subsequently, the book was shared with esteemed guests, including Prime Minister Dinesh Gunawardena.

Book represents the culmination of a 23-year journalistic quest initiated by Mr. Manusha Nanayakkara.

This gives an opportunity to read the history of the labour movement in Sri Lanka with a right-wing analysis in one book, and the book also presents a clear vision of the entire labour movement and the future labour market.

By studying all the books and publications that have been written so far regarding the labour movement, this book has make an effort to bring out the reality of the hidden events in the history of labour.

Notably, all proceeds from the book’s sales will be dedicated to the welfare of the Kaffir community residing in the Sirambiadi area and the children of workers in Sri Lanka.

President Ranil Wickramasinghe, who addressed the ceremony, said that along with the global labour movement, the Sri Lankan labour movement should also be modernized.

Addressing the gathering President Ranil Wickremesinghe said;

Interestingly, the labour movement in Sri Lanka had a unique beginning. Unlike other countries with industries, our nation lacked a significant industrial base. Even when considering the struggles of carters, industries weren’t a driving force. Our trade unions predominantly originated from government employees. The government played a pivotal role as it controlled industries, ports, petroleum companies and bus services. In essence, this movement had its roots in the government.

Today, we’ve witnessed a transformation in the status of workers, as many have transitioned from the working class to the middle class. They are now referred to as trained individuals, graduates, trainees and engineers. As employees, their needs have evolved, reflecting a global trend. 25-30% in the Western world now work remotely, without a fixed workstation, offering flexibility in work hours. This new work paradigm is unfolding worldwide. Manusha has provided a thorough analysis of these developments in his book and its imperative that we consider how we will navigate this changing landscape in the future.

Are our trade unions embracing the digital realm? Are they adapting to forge new connections in this evolving landscape? The trade union movement, once rooted in the physical gathering of people, now faces a different reality—people are dispersed and connected online. In light of this transformation, we must contemplate fresh approaches to organizing the labour movement. I will pass it to Manusha, whose birthday we celebrate today.”

Addressing the gathering Labour and Foreign Employment Minister Manusha Nanayakkara said;

“When I ventured into the realm of politics, Mr. Ranil Wickremesinghe stood as a visionary leader whom we deeply respected and looked up to as our mentor. Through politics, the President not only guided us but also encouraged us to explore a wide range of subjects. Whenever the forward-thinking leader, Ranil Wickremesinghe, made decisions for our country, the populace often opposed him. However, history showed that each time he defeated, our nation faced severe consequences within a year.

Our President possesses a remarkable vision for the future, unrivaled by anyone else in foreseeing the destiny of our country. Regardless of the electoral outcomes, when our nation teetered on the brink and our citizens faced adversity, you fearlessly stepped up to confront the challenges. This is why I am honoured to present this book to him first, as we have successfully met those challenges to this day.

The event was graced by the presence of notable figures, including Prime Minister Dinesh Gunawardena, Cabinet Ministers Nimal Siripala de Silva, Wijayadasa Rajapakshe, Mahinada Amaraweera, Tiran Allas, Ministers of State Jagath Pushpakumara, Lasantha Agaliyawanna, Arundika Fernando, Members of Parliament Wajira Abeywardena, Vadivel Suresh, President Director General (Trade Unions) Saman Ratnapriya, President’s Advisor (Parliamentary affairs) Ashu Marasinghe, President Director General (Community Affairs) Rajith Keerthi Tennakoon, former parliamentarians, ambassadors, representatives from international organizations, political activists, ministry secretaries, retired government officials, prominent business leaders, family members, friends, trade union representatives and journalists, both domestic and international.

Website of Sri Lanka’s control body for Organic Agriculture unveiled – nocu.lk

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By: Staff Writer

Colombo (LNW): Sri Lanka’s control body for organic agriculture – the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development Board (EDB), has taken a significant step towards promoting and regulating Sri Lanka’s organic agriculture sector with the launch of its official website – www.nocu.lk.

This website development was done through the project support to Small and Medium Enterprises in the Organic Agriculture Sector in Sri Lanka which was jointly co-financed by the EU and BMZ implemented by GIZ Sri Lanka.

The inauguration ceremony was held at the EDB headquarters with the presence of dignitaries included the Head of Cooperation at the EU delegation to Sri Lanka and the Maldives, Dr. Johann Hesse, and representatives from the GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH), EDB Chairman Kingsley Bernard, and Acting Director General Ms. Malani Baddegamage.

The objectives of NOCU are manifold, including safeguarding the credibility of organic agriculture products within the domestic and international markets, the implementation of Sri Lanka Organic Regulations, as well as the promotion of organic agriculture systems.

The establishment of an official website was deemed imperative to facilitate communication with stakeholders and provide essential information, thereby fostering a sustainable organic agriculture ecosystem in Sri Lanka.

The website – www.nocu.lk – will serve as the primary interface for NOCU to directly engage with stakeholders.

This digital platform will enable NOCU to implement an effective communication strategy, ensuring transparent and efficient interactions with all the relevant parties and the online registration of stakeholder

The launch of www.nocu.lk represents a significant milestone in Sri Lanka’s organic agriculture journey, solidifying its commitment to ensure the highest standards of organic practices and fostering sustainable organic agricultural systems.

With this dedicated online platform, NOCU is poised to connect with stakeholders, disseminate vital information, and fortify Sri Lanka’s reputation as a trusted source of organic agricultural products in the local and international marketplace.