News
Issues in Cricket: Ministerial Sub-Committee hands over report
The Ministerial Sub-Committee for Cricket handed over its report to President Ranil Wickremesinghe at the Presidential Secretariat today.
The president said he intends to implement the recommendations of the report, while the report and the new sports Bill draft would be presented to Parliament shortly.
DCSL to increase prices of beverages
Distilleries Company of Sri Lanka (DCSL), announced that it will increase the prices of its alcoholic beverages starting January 1, 2024, citing the recent revision of VAT.
The price hikes will vary based on bottle size:
750ml bottles: Increase of Rs. 90
375ml bottles: Increase of Rs. 50
180ml bottles: Increase of Rs. 20
Operation Yukthiya : Over 20,000 arrested in Two weeks
Sri Lankan police arrested over 20,000 persons during the period between December 17 and 31 in the operations to curb drug trafficking and organized crimes, the Public Security Ministry said on Sunday .
The ministry said in a statement that 20797 persons were arrested and 1018 of them had been held under detention order for further interrogation.
According to the ministry,1298 persons who are drug addicts were sent for rehabilitation.
The police seized properties owned by drug dealers and organized criminals during operations, the ministry said.
President appoints new members to Bribery Commission
President Ranil Wickremesinghe has appointed Justice W. M. N. P. Iddawala as the Chairman of the Commission to Investigate Allegations of Bribery or Corruption in Sri Lanka.
The announcement, made by the Prime Minister's Office, also introduced Chethiya Goonesekera and K. Bernard Rajapakse as the other esteemed members of the commission.
The newly appointed Chairman, Justice W. M. N. P. Iddawala, brings a wealth of experience to the role, having served with distinction in the legal field. His expertise is expected to play a pivotal role in steering the commission towards effective and unbiased investigations.
New year has dawned early for Matara – AKD
A new year has dawned early for Matara with smiling faces and hopes for victory for the NPP in 2024, said its leader Anura Kumara Dissanayake.
He was speaking at the party’s district conference for women at the public stadium in Matara yesterday (30).
A nation-changing tsunami has been launched from Matara, he said, adding the NPP has reached a new high from its popularity during the local government polls announced in March.
It has set up a variety of organizations including the retired tri-forces members, to become a formidable force to save the country from its tragic situation, said Dissanayake.
The women’s conference has dispelled doubts against a NPP victory at any election that takes place in the coming year, he added.
Selacine chairman Harith Gunawardena passes away
Veteran advertising professional Harith Gunawardena passed away this morning (28), aged 55.
He was the chairman of state-owned Selacine Television Institute.
Over 1,500 suspects netted under Operation Yukthiya, in 24 hours
1,554 suspects were arrested over drug trafficking during Operation Yukthiya, in the 24-hour window that ended at 12:30 am today.
Police say that investigations on 82 of the arrested suspects have begun based on detention orders.
62 were directed to drug rehabilitation centers.
128 wanted suspects by the Police Narcotics Bureau and Special Bureau were also arrested.
Police say that illegal asset investigations were initiated against suspects who were arrested.
Police say that drugs including Heroin, ICE, and cannabis, were seized during the drug raids carried out.
TRC reveals steps that should be taken before buying a New Mobile Phone
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has issued a special notice to the public looking to purchase mobile phones.
TRCSL’s Deputy Director / Compliance (Consumer Complaints & Consumer/ Public Awareness) Menaka Pathirana has requested the public to check the registration of their mobile phones during purchase.
Pathirane said consumers can verify if the mobile phone is registered with the TRCSL by sending an SMS to 1909 by typing IMEI (The 15-digit IMEI number of the new phone).
She further said that an immediate response SMS will be sent verifying whether or not the mobile phone is authorized by the TRCSL.
Stating that it is essential for new mobile phones to be authorized with the TRCSL, Pathirane added that the verification process will help avoid future issues that could be faced by the consumer.
NBRO issues landslide warnings for 5 districts
The National Building and Research Organisation (NBRO), on Saturday (Dec.30) issued early landslide warnings for several localities in 5 districts, to be in effect until 02.30 p.m. tomorrow.
Accordingly, a Level 02 (Amber) alert was issued for the following areas:
Badulla – Saranathota and Passara Divisional Secretariat Divisions (DSD) and surrounding areas
Kandy – Ududumbara DSD and surrounding areas
Monaragala – Medagama DSD and surrounding areas Nuwara-Eliya – Hanguranketha and Walapane DSDs and surrounding areas
Meanwhile, Level 01 (Yellow) alerts have been issued for the following areas:
Badulla – Bandarawela, Hali-Ela and Badulla DSDs and surrounding areas
Matale – Laggala Pallegama, Rattota and Naula DSDs and surrounding areas
Registration of five sports federations suspended
A Gazette notification has been issued by the Ministry of Sports announcing the temporary suspension of the registration of five National Associations/Federations of Sports.
The Gazette has been issued by Sports Minister Harin Fernando dated December 22, 2023.
The five National Associations/Federations of Sports are;
Sri Lanka Archery Association Sri Lanka Kabbadi Association Sri Lanka Wrestling Federation Sri Lanka Bridge Federation Sri Lanka Roller Skating Association
IMF agreement must be continued under any government – CBSL Governor
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandala Weerasinghe has emphasised the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).
Speaking at a special briefing held this afternoon (29 Dec.), Dr. Weerasinghe explained that the EFF programme should continue for the next four years, under any government, in order to get the debt relief and international financial support required.
He warned that unilateral withdrawal from the IMF-EFF agreement will result in severe implications.
Dr. Weerasinghe was addressing a press briefing convened at the Central Bank premises on the Financial Stability Review (FSR) of 2023.
The CBSL recently released its report on FSR for 2023 which highlighted that although it is expected that the existing macro-financial vulnerabilities would dissipate in the period ahead, with the envisaged improvements in the macroeconomic front, continued advancement along the policy reforms agenda envisaged in the IMF-EFF agreement is essential to direct the economy and the financial system into stable grounds.
In this vein, the report read:
“Any deviation from this path would bring detrimental and irreversible consequences to the financial system and the economy, though moving along this arduous and narrow path is challenging. The instigation and operationalisation of strong and appropriate frameworks that proactively address vulnerabilities and implementation of timely, well sequenced, and consistent policies is also crucial to ensure the stability of the Sri Lankan financial system.
As the economy undergoes a monetary policy easing cycle, the credit cycle is expected to enter an expansionary phase, in which macroprudential concerns could build-up. The Central Bank commits to monitoring these developments closely and implementing necessary policy actions to mitigate systemic risks and ensure financial stability through macroprudential interventions”
Japan’s FM to visit Sri Lanka to advance debt restructuring efforts
The Japanese Finance Ministry has announced that Japanese Finance Minister Shunichi Suzuki will embark on a visit to Sri Lanka in January 2024, it was reported.
According to foreign media, the Japanese Finance Minister will visit Sri Lanka alongside his tour to Cambodia from 09-12 January.
During these visits, Suzuki aims to address economic challenges and strengthen financial cooperation between Tokyo and the two nations.
The Japanese Finance Minister is set to emphasize the critical need to advance debt restructuring efforts in Sri Lanka.
Suzuki is also reportedly expected to hold talks with President Ranil Wickremesinghe during his visit to Sri Lanka.
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