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Friday December 9th, 2022

Cyclone Burevi to reach Sri Lanka coast Dec 02 night – Updated

ECONOMYNEXT – Cyclonic storm Burevi is moving closer to Sri Lanka and is likely to reach Sri Lanka’s Eastern and North-eastern coast on the night of December 02, the met office said, warning of a storm surge, flash floods and damage to roofs and power lines on land.

“The system is very likely to move west-northwestwards and cross north-eastern coast of Sri Lanka between Trincomalee and Point-Pedro, close to Mullaithivu around tonight(within 7.00 p.m-10.00 p.m on 02 December ),” the met office said.

“This Cyclonic storm with a wind speed of 80-90 kmph gusting up to 100 kmph is very likely to move nearly westwards thereafter, emerge into Gulf of Mannar by tomorrow morning (December 03).

By 1430hours on December 03, Cyclone Burevi was 110 kilometres off Trincomalee and moving at 15 kilometres per hour, the Indian met office said.

The storm is expected to be around 50 kilometres off Trincomallee by 1730 hours and hit land by 2330hours, Sri Lanka’s met department said.

A torm surge of about 1 meter height above the astronomical tide is likely to inundate low lying coastal areas extending from Trincomalee to Kankasanthurai and in Pooneryn to Puttalam, the agency said.

Strong winds of 80 to 100 kilometres per hour is forecasted for December 02 and 03 in the Northern, North-Central, Eastern, North Western, Western, Central and Sabaragamuwa provinces. .

DAMAGE EXPECTED

Damage to huts, temporary shelters and light structures

Destroy the roof tops/ sheets etc.

Damage to power and communication lines.

Breaking of tree branches and uprooting of large avenue trees.

Damage to paddy crops, banana, papaya trees and orchards.  Damage to harbor yachts  Flash flood

Sea water inundation in low lying areas in the near coast.

ACTIONS SUGGESTED

For the Land area:

Coastal hutment dwellers are advised to move to safer places. Other people in the affected areas to remain indoors.

Beware of fallen trees and power lines.

Avoid using wired telephones and connected electric appliances during thunderstorms.

General public is requested to be vigilant regarding impending extreme weather situation.

For emergency assistance contact the local disaster management authorities.

Requested to be attentive about future advisories issued by the Department of Meteorology in this regard.

Heavy rains of up to 200 millimeters are forecast for some areas in Northern, North Central, Eastern and North Western provinces.

“Naval and fishing communities are warned not to venture to the sea areas around the island until further notice,” the warning said.

“Those who are out at aforementioned sea regions are advised to return to coasts or moved safer areas as soon as possible.

The Indian met office said a storm surge of about one metre may hit the low lying areas in the Eastern coast as Burevi makes landfall.

(Colombo/Dec02/2020)

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  1. Leel says:

    covid-19 and then cyclone. (ගහෙන් වැටුණු ගොටගේ ආණ්ඩුවට ගොනෙකුත් අනින්නයි යන්නෙ.)

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  1. Leel says:

    covid-19 and then cyclone. (ගහෙන් වැටුණු ගොටගේ ආණ්ඩුවට ගොනෙකුත් අනින්නයි යන්නෙ.)

Sri Lanka bond yields end higher, kerb dollar Rs370/371

ECONOMYNEXT – Sri Lanka bonds yields ended up and the T-bills eased on active trade on Friday, dealers said.

The US dollar was 370/371 rupees in the kerb.

“The bond rates went up, however more interest was seen in the short term bills by the investors” dealers said.

A bond maturing on 01.05.2024 closed at 31.90/32.20 percent on Friday, up from 31.25/70 percent at Thursday’s close.

A bond maturing on 15.05.2026 closed at 30.30/31.30 percent steady from 30.30/31.00 percent.

The three-month T-bills closed at 30.75/31.30 percent, down from 32.00/32.25 percent.

The Central Bank’s guidance peg for interbank transactions was at 363.18 rupees against the US dollar unchanged.

Commercial banks offered dollars for telegraphic transfers between 371.78 and 372.00 for small transactions, data showed.

Buying rates are between 361.78 – 362.00 rupees. (Colombo/Dec 09/2022)

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Foreign minister, US ambassador discuss future assistance to crisis-hit Sri Lanka

ECONOMYNEXT — In a meeting in Colombo, Sri Lanka Foreign Minister Ali Sabry and US Ambassador to Sri Lanka Julie Chung discussed ways in which the United States can continue to support Sri Lanka going forward, the Ambassador said.

Chung tweeted Friday December 09 afternoon that the two officials had reflected on the “twists and turns” of 2022, at the meeting.

Minister Sabry was recently in Washington D.C. where he US Secretary of State Antony Blinken.

A foreign ministry statement said the two officials held productive discussions at the Department of State on December 02 on further elevating bilateral relations in diverse spheres, including the 75th anniversary of diplomatic relations which will be marked in 2023.

Incidentally, Sri Lanka also celebrates the 75th anniversary of its independence from the British in 2023, and President Ranil Wickremesinghe has given himself and all parties that represent parliament a deadline to find a permanent solution to Sri Lanka’s decades-long ethnic issue.

The US has been vocal about Sri Lanka addressing concerns about its human rights record since the end of the civil war in 2009 and was a sponsor of the latest resolution on Sri Lanka passed by the United Nations Human Rights Council. Unlike previous resolutions, this year’s iteration makes specific reference to the country’s prevailing currency crisis and calls for investigations on corruption allegations.

In the lead up to the UNHRC sessions in Geneva, Minister Sabry Sri Lanka’s government under then new president Wickremesinghe does not want any confrontation with any international partner but will oppose any anti-constitutional move forced upon the country.

On the eve of the sessions on October 06, Sabry said countries such as the United States and the United Kingdom, who led the UNHRC core group on Sri Lanka, are greatly influenced by domestic-level lobbying by pressure groups from the Sri Lankan Tamil diaspora.

These pronouncements notwithstanding, the Wickremesnghe government has been making inroads to the West as well as India and Japan, eager to obtain their assistance in seeing Sri Lanka through the ongoing crisis.

The island nation has entered into a preliminary agreement with the International Monetary Fund (IMF) for an extended fund facility of 2.9 billion dollars to be disbursed over a period of four years, subject to a successful debt restructure programme and structural reforms.

Much depends on whether or not China agrees to restructure Sri Lanka’s 7.4 billion dollar outstanding debt to the emerging superpower. Beijing’s apparent hesitance to go for a swift restructure prompted Tamil National Alliance MP Shanakiyan Rasamanickam to warn of possible “go home, China” protests in Colombo, similar to the wave of protests that forced the exit of former pro-China President Gotabaya Rajapaksa.

The TNA will be a key player in upcoming talks with the Wickremesinghe government on a solution to Sri Lanka’s ethnic issue. (Colombo/Dec09/2022)

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India smogs out Sri Lanka’s China tower observers

 

ECONOMYNEXT – Sri Lanka’s Chinese-built Lotus Tower has halved visitors to its observation deck an official said as dirty air flowing from India triggered air quality warnings and schools in the capital closed.

“Masks are mandatory at the observation deck and roughly around 50 to 60 can go up to the observation deck at a time, time limits have not been altered and still persists at 20 minutes for observation,” the official told EconomyNext.

Prior to the smog, 120 observers were permitted at once to the deck.

However, even after limitations the Lotus Tower has continued to draw visitors, and revenues are coming in, the official said.

The tower built with a Chinese loan by the cash rich Telecom Regulatory Commission has been described by critics as a white elephant that eats the money earned from telecom operators mainly as spectrum fees.

Sri Lanka’s National Building Research Organization (NBRO) said India air heavily polluted with particulate matter was flowing across the island into a depression in the South West Bengal Bay. (Colombo/Dec09/2022)

 

 

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