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Friday July 12th, 2024

Karu Jayasuriya appointed Chair of Sri Lanka’s Former Parliamentarians’ Caucus

ECONOMYNEXT — Former Speaker Karu Jayasuriya has been appointed as the chair of Sri Lanka’s Former Parliamentarians’ Caucus.

Parliament said in a statement on Monday July 08 that Jayasuriya’s appointment was made unanimously at the first meeting of the caucus which was held at the parliament complex recently.

The meeting had been chaired by Speaker Mahinda Yapa Abeywardana. Jayasuriya’s name was proposed by the former Deputy Speaker Thilanga Sumathipala and former Member of Parliament Sumedha G Jayasena, the statement said.

Former MP Shantha Premaratne was appointed as the convener of the caucus, also unanimously.

Secretary General of the Parliament Kushani Rohanadeera and Assistant General Secretary Hansa Abeyratne were also present at this meeting, the statement said.

Rohanadeera has said at a discussion at the meeting that Secretariat of the Parliament is working to resolve is working to resolve issues faced by former parliamentarians.

Speaker Abeywardena has discussed the “importance of contributing knowledge and experience of former parliamentarians for the future development of the country”, according to the statement.

The MPs had also agreed to form a constitution for the caucus and to form sub-committees to contribute to the development of the country by utilising the international relations and political experience of former parliamentarians. Sub-committee on welfare affairs, sub-committee on constitutional affairs, sub-committee on political affairs and sub-committee on economic and international affairs were also formed, the statement said.

Former MPs Ananda Kumarasiri, Shantha Premaratne, Anura Bastian, Chandradasa Galappatti, Ranjan Ramanayake, Chandana Kathriarachchi, Jeevan Kumarathunga, Sumedha G Jayasena, Tissa Karalliyadde, Ameer Ali, Noel Padmasiri, Ananda Kularatne, Samantha Karunarathne, Hema Ratnayake, Upali Amarasiri, Themiya Loku Bandara, Kesaralal Gunasekara, Samansiri Herath, Deepal Gunasekara, Premasiri Manage, P Tissakuttiarachi, Uditha Lokubandara, Kamala Ranatunga, R Nandimitra, G de Soyza, Ravindra Samaraweera, Nandana Gunathilake, Nandimitra Ekanayake, and P Dayaratne were present at the meeting. (Colombo/Jul09/2024)

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Sri Lanka appoints new Attorney General

ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has appointed K A Parinda Ranasinghe PC as Attorney General.

He was appointed in terms of Article 61E (b) of the Constitution of Sri Lanka, the president’s media division said.

The new AG received the appointment from President Wickremesinghe at the Presidential Secretariat on Friday.

He fills the post after the retirement of former Attorney General Sanjay Rajaratnam. (Colombo/Jul12/2024)

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Sri Lanka rupee closes stronger at 301.70/302.00 to US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 301.70/302.00 to the US dollar on Friday, from 302.80/303.00 to the US dollar on Thursday, dealers said, while bond yields were up.

A bond maturing on 15.12.2026 closed at 10.90/11.00 percent, up from 10.85/95 percent.

A bond maturing on 15.12.2027 closed at 11.75/80 percent, up from 11.80/88 percent.

A bond maturing on 01.05.2028 closed at 11.90/12.00 percent.

A bond maturing on 15.09.2029 closed at 12.10/30 percent, up from 12.15/25 percent. (Colombo/Jul12/2024)

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Sri Lanka stocks close up, muted activity

ECONOMYNEXT – The Colombo Stock Exchange closed up on Friday, data on its site showed.

The broader All Share Index closed up 0.35 percent, or 41.71 points, at 11,843; while the more liquid S&P SL20 Index closed up 0.56 percent, or 19.20 points, at 3,454.

Turnover was low at 653 million.

“The market picked up a bit from yesterday but it’s still below the psychological 12,000 mark,” Softlogic Stockbrokers said.

“Local retail participation drove the market predominantly.”

John Keells Holdings Plc brought in Rs109mn to the turnover, and the share closed flat at 194.50.

Melstacorp Plc contributed in Rs104mn to the turnover, and the share closed flat at 85.00.

Sentiment around the banking counters was mostly negative. Sampath Bank Plc closed down at 77.00, closed flat at 101.25, and Hatton National Bank Plc closed flat at 195.25.

The top contributors to the ASPI were Commercial Bank of Ceylon Plc (up at 103.50), Bukit Darah Plc (up at 397.00), and Hayleys Plc (up at 101.00).

Foreign participation remained low as well. There was a higher net foreign outflow of 101 million.

“Foreign selling was seen on John Keells Holdings, and banking counters; Hatton National Bank Plc (down at 195.00), Pan Asia Banking Corporation Plc (down at 20.70), and Commercial Bank of Ceylon Plc.

There was selective foreing interest on the diversified financials sector, particularly in companies that had vehicle leasing portfolios. “We think this might be due to the news of the vehicle import ban possibly ending.”

LOLC Holdings Plc closed up at 440.50, People’s Leasing and Finance Plc closed up at 12.20.

Softlogic Holdings Plc which announced the date of its rights issue, closed up at 8.50. (Colombo/Jul12/2024)

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