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Inflation to come down further in the coming months- CBSL

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The Central Bank of Sri Lanka says it expects headline inflation to decelerate further in the coming months.

The Central Bank announcing its Monetary Policy Review for the month of November said supported by favourable supply side developments and tight monetary policy measures, headline inflation pivoted towards the envisaged disinflation path in October 2022, after passing the peak in September 2022.

Accordingly, headline inflation, based on both the Colombo Consumer Price Index (CCPI) and the National Consumer Price Index (NCPI), decelerated, while a deceleration was also observed in core inflation.

The Central Bank noted the deceleration in inflation is expected to continue in the ensuing period, supported by subdued aggregate demand pressures, expected improvements in domestic supply conditions, normalisation in global commodity prices, and the timely passthrough of such reductions to domestic prices, along with the favourable statistical base effect.

The CBSL added that global as well as domestic risks to the inflation outlook in the near term are tilted to the downside, thereby supporting the disinflation path and stabilising inflation at the desired levels towards the end of 2023.

(newsradio.lk)

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Prasanna Ranaweera’s writ petition rejected

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The Court of Appeal has dismissed a writ petition filed by former State Minister Prasanna Ranaweera seeking an order to prevent his arrest in connection with a case against the alleged illegal acquisition of state land under the jurisdiction of the Kelaniya Divisional Secretariat.

The order was issued by a bench comprising the President of the Court of Appeal, Justice Mohammed Laffar Tahir and Justice Priyantha Fernando.

Former Minister Mervyn Silva and several others are currently in remand custody, as ordered by the Mahara Magistrate’s Court, in connection with the same incident.

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CBK files a complaint to EC

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Former President Chandrika Bandaranaike Kumaratunga has submitted a written complaint to the Chairman of the Election Commission – R.M.A.L. Rathnayake, alleging the unauthorized use of her name and photograph in election campaigning.

In her letter, she claims that UPFA candidates in the Attanagalla electorate are distributing handouts with her photograph without her consent, alongside those of Lasantha Alagiwanna and Sarana Gunawardena,

She also mentioned that she had previously instructed all candidates not to use her name or photograph in any form.

As this constitutes a violation of election laws, she has requested to immediately halt these activities.

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03 ex-ministers to face legal action soon – President

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President Anura Kumara Dissanayake has stated that legal action will soon be taken against 03 former ministers accused of using vehicles without proper registration.

He made this statement while addressing a public meeting held in Beruwala.

“No village would even drive a motorbike on the roads without registering it. But there was a time when ministers of this country had imported vehicles even when it was forbidden to do so. They use those vehicles without licenses and with fake number plates. They think that the law does not apply to them,” he said.

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