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Monday September 25th, 2023

Sri Lanka parliament nominates COPE, COPA members; ex-COPE chair unhappy

File photo: COPE meeting chaired by ex chair Charitha Herath

ECONOMYNEXT – Sri Lanka parliament’s selection committee has nominated 27 members each to the Committee on Public Enterprises (COPE) and the Committee on Public Accounts (COPA), provoking the ire of the previous COPE chairman Charitha Herath.

Members nominated for COPE as announced by Speaker Mahinda Yapa Abeywardena Monday October 03 morning are as follows:

  • Jagath Pushpakumara
  • Janaka Wakumbura
  • Lohan Ratwate
  • Indika Anuruddha
  • D V Chanaka
  • Shantha Bandara
  • Anura Dissanayake
  • Rauff Hakeem
  • Patali Champika Ranawaka
  • Mahindananda Aluthgamage
  • Rohitha Abegunawardhana
  • Harsha de Silva
  • Eran Wickramaratne
  • Nimal Lanza
  • S M M Muszhaaraff
  • Nalin Bandara Jayamaha
  • S M Marikkar
  • Mujibur Rahuman
  • Rohini Wijerathna
  • Sanjeeva Edirimanna
  • Jagath Kumara Sumithraarachchi
  • Premnath C Dolawatte
  • Upul Mahendra Rajapaksha
  • Shanakiyan Rasamanickam
  • Rajika Wickramasinghe
  • Madhura Withanage
  • Ranjith Bandara

Former COPE chair Herath who broke away from the ruling Sri Lanka Podujana Peramuan (SLPP) and now sits with a group of independent MPs tweeted Monday morning that “people behind the economic crimes” wanted him out of their way.

The members nominated for COPA are:

  • Mohan Priyadharshana de Silva
  • Lasantha Alagiyawanna
  • Kader Masthan
  • Suren Ragavan
  • Diana Gamage
  • S B Dissanayake
  • Tissa Attanayake
  • Kabeer Hashim
  • Sarath Weerasekera
  • Wimalaweera Dissanayake
  • Niroshan Perera
  • Sudharshini Fernandopulle
  • J C Alawathuwala
  • Ashok Abeysinghe
  • Buddhika Pathirana
  • Jayantha Samaraweera
  • Hector Appuhamy
  • Hesha Withanage
  • Major Pradeep Undhugoda
  • Isuru Dhodangoda
  • Wasantha Yapa Bandara
  • Shanakiyan Rasamanickam
  • Sahan Pradeep
  • D Weerasinghe
  • Weerasumana Weerasinghe
  • Charitha Herath
  • Harini Amarasuriya

(Colombo/Oct03/2022)

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Sri Lanka sells 2028 bonds at 14.52-pct

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

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Sri Lanka’s stocks end down on Monday after slow day of trading

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

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Sri Lanka rupee closes at 324.75/324.90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)

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