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President Ranil returns after attending Berlin Global Dialogue

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President Ranil Wickremesinghe has returned to the island this morning (Oct. 01), after concluding his official visit to Germany to attend the ‘Berlin Global Dialogue’.

The Sri Lankan head of state left for Germany on Friday (Sep. 27) in order to attend the dialogue which was held on September 28 and 29, 2023 in Berlin.  The global high-level forum, was a gathering influential decision-makers and leaders from the realms of politics, business and society, alongside young visionaries.

The Sri Lankan leader delivered the opening remarks on the first day of the two-day event in the German capital, during which he underscored the need for a comprehensive international dialogue to address global challenges in 2024.

Meanwhile speaking during the “Berlin Dialogue” Roundtable, the President also claimed that debt restructuring discussions with China so far have been positive and that they have to talk with the Paris Club and India once again.

However, President Wickremesinghe also engaged in bilateral talks with German Chancellor Olaf Scholz and Kazakhstan President Kassym-Jomart Tokayev on the sidelines of the Berlin Global Dialogue.

President Wickremesinghe was accompanied by Senior Advisor to the President on National Security and Chief of Staff to the President, Sagala Ratnayaka; President’s Senior Adviser on Economic Affairs, Dr. R.H.S Samarathunga; and Secretary of the Foreign Ministry, Aruni Wijewardhena.

He also joined the Leaders Dialogue session on “The Role of Kazakhstan in the Transition of the Global Economy” led by the Kazakhstan President.

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Norochcholai generator to shut down for 25 days

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The Ceylon Electricity Board (CEB) announced that the generator No. 01 at the Norochcholai Power Plant will be deactivated from midnight today (June 13) for scheduled maintenance lasting 25 days.

This will result in a temporary reduction of 300 megawatts from the national grid.

However, the Kelanitissa Combined Cycle Power Plant, which had been deactivated for around one and a half months for maintenance, will also be reactivated from midnight, contributing 165 megawatts back to the system.

CEB Media Spokesman – Dhammika Wimalaratne noted that the timing of the maintenance aligns with increased hydroelectric generation capacity due to current rainfall.

(Source: Aruna)

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Global oil prices soar after Israel attacks Iran

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Global oil prices jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East.

Benchmark oil contracts Brent Crude and Nymex light sweet were up by more than 10% after the news emerged.

Traders are concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region.

The cost of crude oil affects everything from the price of food at the supermarket to how much it costs to fill up your car.

Analysts have told the BBC that energy traders will now be watching to see whether Iran retaliates in the coming days.

“It’s an explosive situation, albeit one that could be defused quickly as we saw in April and October last year, when Israel and Iran struck each other directly,” Vandana Hari of Vandana Insights told the BBC.

“It could also spiral out into a bigger war that disrupts Mideast oil supply,” she added.

In an extreme scenario, Iran could disrupt supplies of millions of barrels of oil a day if it targets infrastructure or shipping in the Strait of Hormuz.

The strait is one of the world’s most important shipping routes, with about a fifth of the world’s oil passing through it.

At any one time, there are several dozen tankers on their way to the Strait of Hormuz, or leaving it, as major oil and gas producers in the Middle East and their customers transport energy from the region.

Bounded to the north by Iran and to the south by Oman and the United Arab Emirates (UAE), the Strait of Hormuz connects the Gulf with the Arabian Sea.

“What we see now is very initial risk-on reaction. But over the next day or two, the market will need to factor in where this could escalate to,” Saul Kavonic, head of energy research at MST Financial said.

(BBC News)

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CID teams conduct prison inspections islandwide

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The Ministry of Public Security says that 28 Criminal Investigation Department (CID) teams have begun inspections at all prisons across the country yesterday (June 12), with the operation continuing today (June 13) due to its scale.

These inspections focus particularly on reviewing prison documents, as part of the ongoing investigation into the alleged misuse of presidential pardons to unlawfully release inmates.

Commissioner General of Prisons – Thushara Upuldeniya, who was arrested over the unauthorized release of an Anuradhapura Prison inmate on Vesak Poya Day, remains in custody at a Colombo prison under special protection.

Meanwhile, Anuradhapura Prison Superintendent – Mohan Karunaratne, who has also been remanded, is to be produced before court again today.

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