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Thursday July 18th, 2024

Sri Lanka’s proposed ATA will be presented after broader consensus – Justice Minister

ECONOMYNEXT – Sri Lanka government, taking a U-turn from its original stance, said it will delay the tabling of the Anti-Terrorism Act (ATA) to the parliament until broader consensus is reached, Justice Minister Wijeyadasa Rajapakshe told the parliament.

His statement comes amid increasing local and international resistance to the proposed ATA because of some vague language in defining terrorism and speculation of ATA being used against anti-government protestors and dissidents.

The Justice Minister’s statement also comes after Sri Lanka’s influential Buddhist monks urged Ranil Wickremesinghe to have broad discussions over the ATA before passing it in the parliament.

“A lot of discussions are there now saying that we are going to bring the Anti Terrorism Act to suppress the general public and use it when the general public go against us when we implement the IMF conditions,” Rajapakshe told the parliament.

“We are not going to present any act to this parliament that will harm the general public of this country. Many stakeholders ask for more time to review it. We have given more time for everyone to write to us about what they need or they can come to us and discuss it,” he said.

“We have given more time now. We do not want to rush anything. Only after doing all the amendments, we will present it to the parliament.” (Colombo/April 28/2023)

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  1. sacre blieu says:

    He was disgracefully pummeled by the conductor of the programme present, and not respected as a guest who was willing to respond to criticism. The TV station and the person in charge were targeting him repeatedly, pummeling him repeatedly with the same questions, and ignoring the fact that those on the guest panel were invitees, even if the substance under discussion was agreeable or not. Provocation at its worst.

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  1. sacre blieu says:

    He was disgracefully pummeled by the conductor of the programme present, and not respected as a guest who was willing to respond to criticism. The TV station and the person in charge were targeting him repeatedly, pummeling him repeatedly with the same questions, and ignoring the fact that those on the guest panel were invitees, even if the substance under discussion was agreeable or not. Provocation at its worst.

Sri Lanka to conduct threat assessments for presidential candidates

ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has submitted a cabinet paper proposing security measures for presidential candidates and former presidents, following the recent attack on former US President Donald Trump during a campaign rally in the USA.

“This proposal suggests the appointment of a committee to conduct threat assessments and provide necessary security for Presidential candidates as well as former Presidents,” a statement from his media division said.

The committee will include the Secretary of the Ministry of Public Security as Chair, the Chief of Defence Staff, the Inspector General of Police, the Chief of National Intelligence, and the Senior Deputy Inspector General of Police/Elections.

A Deputy Inspector General of Police will be appointed to oversee all security arrangements.

The committee and the designated officer will work closely with the Election Commission to ensure seamless coordination of security arrangements, the PMD said.

After today, July 17, Sri Lanka’s Election Committee is empowered to announce a date for the presidential polls due to be held this year.

Minister of Foreign Affairs M U M Ali Sabry has said the election will be held on October 5 or 12.

Members of the Samagi Jana Balawegaya (SJB) have said that the government should be accountable for the security of Opposition Leader Sajith Premadasa, the SJB’s presidential candidate. (Colombo/Jul17/2024)

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Sri Lanka rupee closes flat at 303.80/304.00 to US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed almost flat at 303.80/304.00 to the US dollar on Wednesday, from 303.70/304.00 to the US dollar on Tuesday, dealers said, while bond yields were down.

A bond maturing on 15.12.2026 closed at 10.60/75 percent, down from 10.82/92 percent.

A bond maturing on 15.12.2027 closed at 11.60/38 percent, down from 11.65/75 percent.

A bond maturing on 01.05.2028 closed at 11.72/78 percent, down from 11.80/90 percent.

A bond maturing on 15.09.2029 closed at 12.05/10 percent, down from 12.05/20 percent. (Colombo/Jul17/2024)

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Sri Lanka stocks close down, John Keells, Hemas, Hayleys push turnover

ECONOMYNEXT – The Colombo Stock Exchange closed down on Wednesday, data on its site showed.

The broader All Share Index closed down 0.41 percent, or 48.44 points, at 11,830; while the more liquid S&P SL20 Index closed down 0.52 percent, or 17.91 points, at 3,456.

Turnover was 1.2 million. A big part of this (Rs597mn) came from John Keells Holdings Plc (down at 194.25).

“There was foreign buying interest on John Keells and Hemas,” Softlogic Stockbrokers said.

“We saw foreign interest in selective counters persist.”

Hemas Holdings Plc contributed Rs143mn to the turnover, and the share closed down at 81.10.

Hayleys Plc contributed Rs156mn to the turnover, and the share closed up at 101.50.

The three crossings made up 67 percent of the turnover.

The capital goods counters, with all the bluechips, was the leading sector contributing to the day’s turnover.

With the exception of Hayleys and a couple of other companies, the counter saw most stocks close down or flat.

Sentiment around the banking counters also remained negative.

“The volatility in investor sentiments persisted. There are a lot of spectators in the market over the last few weeks, despite some positive news coming in.”

Treasury bill and bond rates have also dropped.

The top contributors to the ASPI were Melstacorp Plc (up at 86.00), SMB Finance Plc (up at 0.70), and TeeJay Lanka Plc (up at 40.00).

There was a net foreign inflow of 392 million. (Colombo/Jul17/2024)

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