Crime

Sri Lanka’s private bus owners go to UNHRC, EU over unpaid arson compensation

Thursday August 25, 2022 12:55 pm

ECONOMYNEXT – Sri Lanka’s private bus owners have complained to the UNHRC and the European Union about allegedly not receiving any insurance payment or compensation for buses that were torched on May 09 when mob violence erupted across the country.

“Nearly 50 buses were burnt down. We informed the the police chief several times. We lodged complaints as bus owners as well,” Private Bus Owners’ Association President Gemunu Wijeratne said speaking to reporters on Thursday August 25.

“We also applied for insurance.

“But we still haven’t received compensation,” he said.

Wijeratne said the association have formally complained to the United Nations Human Rights Council (UNHRCH) and to the EU, asking for justice.

“This is a very unfortunate situation,” he said.

Mob violence erupted across Sri Lanka on May 09 after a mob of government supporters launched an unprovoked attack on peaceful anti-government protestors. Buses suspected of carrying the attackers that day were rounded up by angry mobs and some buses were set on fire.

The residences of several parliamentarians were also torched.

One government MP was killed along with his bodyguard. (Colombo/Aug25/2022)

FILED UNDER: arson,European Union,gemunu wijeratne,Insurance,may 09,MOB,Private bus,Sri Lanka,unhrc,voilence

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Bonds & Forex

Sri Lanka sells 2028 bonds at 14.52-pct

Monday September 25, 2023 6:36 pm

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)

Commodities

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

Monday September 25, 2023 5:45 pm

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)

Bonds & Forex

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

Monday September 25, 2023 5:28 pm

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)