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PUCSL Chairman refuses to quit

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The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake launched a scathing attack on “stupid politicians” saying they were responsible for the power crisis in Sri Lanka.

He also said that the developing situation in the country has forced him to consider entering politics.

Energy Minister Kanchana Wijesekera is pushing for the removal of Ratnayake after he had refused to back the electricity tariff hike, but Ratnayake told Daily Mirror he will not quit.

He also expressed confidence that the proposal will not receive the 113 majority it requires in Parliament for him to be removed.

In an interview on the programme ‘On Fire with Easwaran Rutnam’ Ratnayake said that the electricity tariff hike and the contraction of the economy has resulted in the demand for electricity dropping drastically. He said the drop in demand would not help the loss-making Ceylon Electricity Board (CEB) which is attempting to recover its losses through the tariff hike.

“These are the basic things that these stupid politicians do not understand.they do not understand economics, they do not understand accountancy.they know only politics,and I think the present politicians don’t even know how to play politics,” he said.

Ratnayake said that a decision taken in 2014 to reduce the cost of electricity by 25 per cent was also another “stupid, ignorant” move by politicians. The PUCSL Chairman also said that the benefit of the current improvement in the exchange rate and the drop in the cost of raw materials should be passed on to the consumers.

As a result, he had requested the CEB to submit a proposal to reduce the electricity tariffs.

However, he says the CEB has responded saying that another revision is likely and that it could even be another increase in tariffs. Ratnayake claimed mismanagement has resulted in the CEB continuing to incur losses and being unable to cover its costs even with the last tariff increase.

Meanwhile, Ratnayake, who had backed Gotabaya Rajapaksa for the presidency, said he now regrets the decision adding that the former President had “no common sense”.

(dailymirror.lk)

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ASPI records an all-time high passing the 14,000 mark

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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) recorded an all-time high, surpassing the 14,000 mark for the first time ever in Sri Lanka.

According to the CSE, the ASPI increased by 150.72 points to close at 14,035.81.

A turnover of Rs. 7.3 billion was recorded at the close of trading.

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Fever outbreak in Jaffna identified as Leptospirosis

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The fever that has been spreading in Jaffna has been identified as Leptospirosis, the Epidemiology Unit of the Health Ministry announced today (Dec. 12).

Leptospirosis is commonly known as Rat Fever.

The outbreak had claimed 07 lives so far.

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SJB National List MPs announced

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The Samagi Jana Balawegaya (SJB) has announced the four names nominated to fill its remaining National List MP seats in Parliament.

Accordingly, the main opposition party has named Mano Ganesan, Nizam Kariapper, Sujeewa Senasinghe and Mohamed Ismail for the remaining four National List MP posts.

Following the General Election held on November 14, the SJB secured five National List MP seats with its General Secretary – Ranjith Madduma Bandara being appointed to one seat on Nov. 19.
Meanwhile, the Colombo District Court today issued a restraining order preventing the Samagi Jana Balawegaya (SJB) from submitting their National List MP nominees without including the name of Nizam Kariapper of the Sri Lanka Muslim Congress (SLMC).

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