An Echelon Media Company
Wednesday February 1st, 2023

Monk, murder suspect, mistress in Sri Lanka’s new parliament

ECONOMYNEXT – Sri Lanka’s new parliament will have a motley collection that will include a monk, a murder suspect, a mistress and even a couple of MPs who once shared the same wife.

The lone Buddhist monk in the new parliament will be Athuraliye Rathana who is piggy-backing on an elephant to re-enter the House this time through the backdoor known as the National List.

The honourable venerable MP’s National Heritage Party has a legacy of going to pieces before and after every vote.

Former UPFA deputy minister Prmalal Jayaratne is in remand custody after being arrested on a murder charge, but he secured the highest number of preferential votes in the Ratnapura district.

His election underscores how undesirables are desirable to a UPFA constituency which in 1997 gave Mahinda Ratnatillake the highest number of votes after he became the main suspect in the murder of MP Nalanda Ellawela.

There are only a dozen or so women in the new parliament, but the TNA is expected to nominate two women from their national list which could increase female representation in the 225-member assebly.

There are four sets of brothers from the same party — Ranjith and Wasantha Aluvihare, Navin and Mayantha Dissanayake from the UNP and and Mahindananda and Ananda Aluthgamage and Mahinda and Chamal Rajapakse from the UPFA.

Arjuna and Prasanna Ranatunga are from rival parties and both could ensure that irrespective of which side does well, the family interests are well take care of.

There are two sets of father-son duos. Mahinda and Namal Rajapakse of the UPFA and Rajitha and Chatura Senaratne from the UNP.

There is a mistress whose trapeze-artiste-cum-politician master failed to return to the new parliament from the national list of the UPFA leaving her sulking in the hallowed halls of parliament.

Daya and Anoma Gamage will be the only husband-and-wife couple without counting elderly actress Geetha Kumarasinghe who has given up the casting couch to lounge in parliament where she has at least one ex-senior minister admirer.

Legal advise prevented mentioning the names of two young MPs who once shared the same wife.

There is also at least one MP from the south who once publicly declared that he had been sexually assaulted by a senior, but refused to press charges, probably hoping to keep the issue dangling.

Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Sri Lanka coconut prices ease at auction

ECONOMYNEXT- Sri Lanka’s coconut auction prices fell in the last auction in January 2023, with average prices going down by 4.1 percent at an auction on January 26, data showed.

The average price for 1,000 nuts fell to 80.811.89 from 84,116.85 a week earlier at the weekly auction conducted by Sri Lanka’s Coconut Development Authority.

The highest price was 87,300 rupees for 1,000 nuts down from the previous week’s 90,200 rupees, while the lowest was 72,500 down from 73,000 rupees.

The auction offered 469,564 coconuts and 300,983 nuts were sold. (Colombo/ Feb 01/2023)

Continue Reading

Sri Lanka shares edge up at close

ECONOMYNEXT- Sri Lanka’s shares edged up on Wednesday pushed as investors bought in to beaten down shares following the previous session’s drop, market analyst said.“

At this price level what we are seeing is a lot of confidence from the investors to collect when the prices drop. So, the market is not falling sharply,” a market analyst said.

Market had also seen buying in Expolanka shares on speculation that the parent company of SG Holdings was buying back into the shares.

All Share Price Index (ASPI) edged up by 0.96 percent or 84.96 points to 8,950.01.

The most liquid index S&P SL20 gained 1.27 percent or 35.02 points to 2,799.53.

Banking and Insurance counters had seen interest on the back of positive sentiments from the IMF.

The central bank has said it could cut interest rates in future when the the country sees fall in inflation, which has already started decelerating.

The market saw a turnover of 1.5 billion rupees today,lower than the month’s daily average of 1.8 billion rupees and nearly half of 2022 average turnover of 2.9 billion rupees.

The bourse saw a flow of net foreign inflow of 45 million rupees extending the net offshore buying to 1.9 billion so far this year.

Top gainers of the day were Commercial Bank, Expolanka, and Ceylinco Insurance. (Colombo/Feb01/2023)






Continue Reading

Sri Lanka bond yields down at close

ECONOMYNEXT – Sri Lanka’s bond yields were down at close following a bond auction on Wednesday, dealers said while a guidance peg for interbank transactions remained unchanged.

“The rates were steady at the auction,” a dealer said.

“This can be a signal to the market saying the rates will go down in the future.”

A bond maturing on 01.07.2025 closed at 32.40/60 percent, down from yesterday’s 32.60/85 percent.

A bond maturing on 01.05.2027 closed at 29.10/35 marginally down from yesterday’s 29.20/75 percent.

The Central Bank’s guidance peg for interbank US dollar transactions remained unchanged at 362.14 rupees against the US dollar.

Commercial banks offered dollars for telegraphic transfers at 371.38 rupees on Friday, data showed. (Colombo/Feb 01/2022)

Continue Reading