Despite the recently introduced fuel price formula being implemented in compliance with the crude oil price hikes in the global market, no such implementation is taken place in response to the price slashes, paving the way for the government to commit a ‘deliberate’ fraud, alleged, Lalith Dharmasekara, President of the All Ceylon Three Wheeler Drivers’ Association, a trade union responding to the three wheeler drivers’ community in Sri Lanka, speaking to media yesterday (17).

“The global mart claims of the crude oil price being hiked or slashed. A price formula is introduced, but no such formula is implemented for price slashes. So, it will be a formula ‘eating’ us, if there is any. The formula comes into play when the prices are increased, but that formula is not implemented for us when the global crude oil price is slashed. We feel very regretful to inform you that in the backdrop, the government deliberately commits a serious fraud. We feel that they exploit us in the process,” Dharmasekara told media.

By August this year, the price of a barrel ‘Brent’ crude oil, which sold for US $ 103.81 in the global market, dropped to US $ 91.35, but there has not been any revision of fuel price in Sri Lanka since August 01, 2022.

MIAP

The Sri Lankan authorities are discussing with Moscow the possibility of joining Russian payment system MIR, the discussion is underway between the Central Banks, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena has told Sputnik.

“Yes, yes, our embassy tried to do that because you want to [have] easy payment system… We will try to do that, we can get Central Bank’s approval. After that it will be a success,” Gunawardena said when asked whether the Mir payment system would be launched in Sri Lanka.

The minister added that the discussion is underway between the Central Banks of the two countries, adding that “we must get Central Bank’s approval. After that, we will announce that.”

He noted that the Sri Lankan authorities would like Russian tourists to be able to pay by card while visiting the country.

Visa and Mastercard suspended operations in Russia on March 6 against the backdrop of Moscow’s special military operation in Ukraine. Since then, the holders of Visa and Mastercard bank cards issued in Russia can no longer pay for goods and services outside Russia.

Connecting Sri Lanka to the financial remittance system of the Bank of Russia and introducing the MIR payment system on the island would allow direct financial communication and currency exchange, cut transactional losses, and makes the process of bank transfers secure and stable, asenior official of the Finance Ministry said.

He npted that implementation of these mechanisms in Sri Lanka would have a boosting impact on the tourism industry. There are many opportunities for the Sri Lankan business in Russia as well. Russia remains one of the top export markets for the Sri Lankan tea industry.

There are prospects in IT services and coconut based products can be used in the Russian agricultural sector.”

. Sri Lankan Ambassador to Russia Prof Janitha Liyanage said her aim is to promote local SME sector products to Russia which currently contributes a negligible share (5%) to National export volume.

Secretary General/CEO of FCCISL stressed that despite long-standing political and economic relations trade volumes have not substantially grown up.

“This clearly shows that there has been a need to develop a strategic business plan at the government level between two countries and requested to resume the third session of the inter-governmental commission at an early date.”

He noted that the objective of this forum was also to break the negative sentiments promoted by social media all around them.

1. New Commissioner General of Inland Revenue Department D R S Hapuarachchi says the Department will improve revenue collection and get back the forex lying outside the country.
   
2. Ports Minister Nimal Siripala de Silva says the Colombo West and East Deep-water Terminals will be fully operational by 2024-2025.
   
3. Bloomberg reports that debt default and widespread protests shrank Sri Lanka’s economy to it’s worst levels in two years: the economy contracted by 8.4% in the 3 months up to 30 June 2022.
   
4. President Ranil Wickremesinghe transfers Sri Lanka Export Development Board, Board of Investment of Sri Lanka and Colombo Port City Economic Commission to the Ministry of Investment Promotion.
   
5. Public Security Ministry Secretary S Hettiarachchi says steps being taken to extradite 13 wanted underworld criminals who are hiding in Dubai: among them are notorious underworld gang leaders Harak Kata, Ganemulle Sanjeewa and Kudu Dharme.
   
6. Prisons Spokesman Chandana Ekanayake says that the maximum capacity of all prisons in the country is 13,200, but around 24,000 inmates are cramped into them currently.
   
7. Hundreds of thousands of people queue up at Galle Road to face interviews for jobs at Qatar Airways.
   
8. Police summon “Black Cap Movement” Convenor Vimukthi Dushantha, whose organisation actively participated in the Galle Face Aragalaya (struggle).
   
9. National Dengue Control Unit says that by the 36th week of this year, a total of 55,012 dengue cases have been reported in Sri Lanka: corresponding number last year was 18,265.
   
10. Cases of snatching gold chains, mobile phone, bracelets, pendants and cash from women walking on roads, increase.

Sri Lanka Freedom Party (SLFP) Leader and former President Maithripala Sirisena is preparing to dismiss party members who were sworn in as Cabinet Ministers and State Ministers of the Ranil Wickremesinghe regime, sources disclosed.

In a first step of his move, the former President has decided to relieve them all from the titles in the party, and several days ago, a special discussion was also held in this regard at his residence, according to sources.

The SLFP Party Constitution was recently amended allowing the Party Leader, who is Sirisena, to dismiss any member who violates decisions made by the Party.

MIAP

Janatha Vimukthi Peramuna (JVP) Politburo Member and former MP Sunil Handunnetti speaking to a press conference called in by the Party yesterday (17) said the country’s economic crisis has not only put severe pressure on the people but also has driven them into stealing pots of rice and loafs of bread from houses.

“Robbery has increased in the Northern and Eastern Provinces today to a point which did not exist even during the war. The World Food Programme (WFP) has stated that 6.3 million people people in Sri Lanka are starving today. Yesterday in Kilinochchi, I met a nine-month-old baby with his mother in a state of hyper-malnutrition. But no subsidy is given. Not even the Rs. 5000 subsidy is given by the government,” Handunnetti disclosed.

The former MP added: “Today, people have been driven into a state in which they steal the pot of rice and the loaf of bread; they have begun to break into shops. When people cannot afford to live, when they cannot afford to feed their children, the rulers have made them robbers.”

MIAP

The report on poisoned rice being imported to Sri Lanka published on two weekend newspapers is completely false, said the acting Pesticides Registrar.

Accordingly, the Secretary to the Ministry of Trade, Commercial and Food Security has also lodged a complaint with the Criminal Investigation Department (CID) in this regard.

MIAP

The Colombo High Court has issued a warrant to arrest Shyamali Perera Gunawardena, wife of former Deputy Inspector General of Police (DIG) Vass Gunawardena, and former Superintendent of Police Indika Pushpakumara, in connection with the abduction and torturing of a student allegedly committed in 2009.

The warrant was issued as the case on the abduction and torturing of Nipuna Ramanayake, a student of the Sri Lanka Institute of Information Technology (SLIIT), was called in two days ago (16).

The warrant was issued for their arrest as the two defendants, who were on bail, failed to appear in Court despite being summoned.

MIAP