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Wednesday February 1st, 2023

New probe into CID investigation of Easter attacks ordered

BLAST EFFECT: Easter Sunday blasts by Islamist extremists generated widespread sympathy in the West giving Sri Lanka breathing space to follow better policy – if it wants to.

ECONOMYNEXT- The Acting IGP Chandana Wickramaratne has appointed two teams of investigators to look at whether there has been intentional keeping back of evidence or misdirection in the investigations into the Easter Sunday attack by CID officers and the former CID director.

Speaking at a press briefing held this evening,  Police spokesman Jaliya Senaratne said that acting IGP has instructed to begin these two investigations as it has been revealed there is a certain amount of truth to the allegations directed against the CID for the manner in which investigations were done.

The two investigations will be done under the Director of the Special Investigation Unit(SIU) of Police.

Also, he said earlier the acting IGP instructed the CID to conclude the investigations into  the Easter Sunday attack quickly by even changing the officers as per the instructions given to him by President Gotabaya Rajapaksa.

Further, he said the based on the changes made to the investigation the CID was able to arrest the main suspect who has transported and handled the suicide bomber who blew himself up at the Zion church in Batticaloa.

The suspected is a resident of Mount Lavinia, the CID is conducting further investigations to find whether this suspect has also coordinated other suicide bombers and whether there is an invisible hand behind him who had given them instructions.

He said currently there are 31 suspects who arrested in connection to Easter Sunday attack in CID custody and 60 in TID custody.(Colombo/Mar29/2020)

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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)

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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)

 

 

 

 

 

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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)

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