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Wednesday December 6th, 2023

Sri Lanka Parliament to meet again from September 06-09

ECONOMYNEXT – Parliament is scheduled to convene the parliament from September 6 to 9, three bill to be passed without debate, Secretary General of Parliament Dhammika Dasanayake said.

Accordingly, on the 6th, 7th and 8th, the time from 9.30 am to 10.30 am has been allotted for the questions for oral answers, a statement issued by the government Information Department said.

The parliament passed the Interim budget on Friday (03) with 120 votes in favor, 5 against.

On September 06, from 10.30 am to 10.45 am, the Social Security Contribution Levy Bill and the Regulations under the Imports and Exports (Control) Act are scheduled to be passed without debate and from 10.45 am to 5.30 pm, according to the motion moved by the opposition, it has been decided to hold the adjournment debate on the “Malnutrition of children and mothers in Sri Lanka”.

The statement said on September 07, the adjournment debate on the “Malnutrition of children and mothers in Sri Lanka” will be continued for the second day from 10.30 am to 5.30 pm.

On September 08, from 10.30 am to 11.00 am, two Industrial Disputes (Amendment) Bills (130 & 132) and the Termination of Employment of Workmen (Special Provisions) (Amendment) Bill are to be passed without debate.

The statement said, the according to the motion moved by the government, it has been decided to hold the adjournment debate on the Mid-year fiscal position report for the year 2022 from 11.00 am to 5.30 pm.

The Committee on Parliamentary Business also decided to set aside time from 9.30 am to 4.30 pm on the September 09 for the vote of condolence on the late Member of Parliament Amarakirthi Athukorala who was killed by the mob attacks on May 09,2022. (Colombo/ Sep 02/2022)

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Sri Lanka rupee closes stronger at 327.40/90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 327.40/90 to the US dollar on Tuesday, from 328.10/30 the previous day, dealers said.

Bond yields were stable.

A bond maturing on 01.06.2025 closed at 13.60/70 percent from 13.70/14.00 percent.

A bond maturing on 01.08.2026 closed at 13.90/14.00 percent from 13.90/14.10 percent.

A bond maturing on 15.01.2027 closed at 14.00/15 percent from 14.00/14.10 percent.

A bond maturing on 01.07.2028 closed at 14.10/20 percent from 14.20/35 percent.

A bond maturing on 15.05.2030 closed at 14.20/35 percent, from 14.25/45 percent.

A bond maturing on 01.07.2032 closed at 14.10/35 percent, from 14.05/40 percent. (Colombo/Dec5/2023)

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Sri Lanka stocks close down as investor sentiment dips

ECONOMYNEXT – The Colombo Stock Exchange closed down on Tuesday, CSE data showed.

The All Share Price Index was down 0.40 percent, or 43.50 points, at 10,700.09.

The S&P SL20 index was up 0.43 percent, or 13.32 points, at 3,054.41.

Turnover was at 711 million. The capital goods sector contributed 172 million, the food, beverage and tobacco sector contributed 140 million, and banks 113 million of this.

Top positive contributors to the ASPI in the day were John Keells Holdings Plc (up at 193.00), Richard Pieris And Company Plc (up at 19.80), and Nation Lanka Finance Plc, (up at 0.40).

Negative contributors were Commercial Bank of Ceylon Plc (down at 89.70), Sampath Bank Plc (down at 71.00), and Central Finance Company Plc, (down at 106.00). (Colombo/Dec5/2023).

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Sri Lanka plans to reduce number of school grades from 13 to 12

ECONOMYNEXT – The Ministry of Education proposes to reduce the number of school grades from 13 to 12, according to a government information department statement.

“Every child will be given the opportunity to finish school in 17 years through the proposed new education reforms,” education officials were quoted as saying after a discussion on budget allocations.

Under the proposed system, pre-school education will be at the age of 4 years, the primary section between grades 1-5, junior section between grades 6-8, and senior section between grades 9-12.

The General Certificate of Education Ordinary Level Exam (GCE O/L) is proposed to be conducted in grade 10, and the Advanced Level Examination in grade 12.

It has also been decided to reduce the number of mandatory subjects at the GCE O/L Exam from 9 to 7.

Three new subjects, information and communication technology (ICT), technical and professional skills, and religion and values will be made mandatory and included in those 7 subjects. (Colombo/Dec5/2023)

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