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SL will lose USD 50mn if ICC suspension continues – Shammi Silva

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President of Sri Lanka Cricket (SLC) Shammi Silva has warned that in the event the International Cricket Council (ICC) does not lift the ongoing suspension against the country’s membership, the country stands to lose 50 millions of US Dollars.

Speaking at a press conference held this afternoon (11 Nov.), Silva explained that it was after several discussions and deliberations that the ICC allowed the island nation to host both the U19 Cricket World Cup and the Annual General Meeting (AGM) of the ICC in 2024, and the Women’s World Cup later in 2027. He further revealed that measures were also underway to co-host the T20 World Cup in 2026 together with India.

The SLC President explained that in order for these tournaments, along with the AGM, to take place as scheduled, ICC required a certain level of ‘assurance’ that the government of Sri Lanka would support these endeavours.

“They don’t have that confidence anymore. The AGM has already been cancelled, and I don’t know what will happen to the U19 World Cup”, Shammi Silva said, explaining that an ICC official who was on the island to discuss matters in this regard, had left this morning.

Thereby, he warned that Sri Lanka is on the verge of losing USD 50 million, in the event the ICC suspension continues.

Speaking further on the suspension imposed by the ICC on Sri Lanka with immediate effect on Friday (10 Nov.), Shammi Silva, together with the other SLC officials present at today’s briefing, revealed that the suspension, despite Sports Minister Roshan Ranasinghe’s claims, was not, in fact, a shock.

Silva noted that the ICC initially notified SLC of a possible suspension in July this year, following ICC Deputy Chairman Imran Khwaja’s visit in May, subsequent to which discussions were held between the relevant parties, and the matter had been resolved to a certain extent.

“But how are we supposed to work with people like this?”, the SLC President said in reference to Minister Ranasinghe, adding that there was a high level of unnecessary interference, politicization and corruption.

Silva alleged that Sports Minister Roshan Ranasinghe was the reason behind the drastic downfall of not only cricket , but of sports as a whole in Sri Lanka, alleging that “one man is destroying everything”. He highlighted that the during Ranasinghe’s tenure, Sri Lanka has been banned in the international arena for football, rugby and cricket.

“Nothing can be done. We cannot develop sports with a minister like this, his powers need to be curtailed”, Silva asserted, urging that President Ranil Wickremesinghe should intervene in the ordeal.

SLC found itself under fire after several back and forth allegations concerning fund transfers and other nefarious activities, following which the ICC, on Friday night, suspended Sri Lanka’s membership, with immediate effect, on account of the cricket governing body having been in serious breach of its obligations as a Member, in particular, the requirement to manage its affairs autonomously and ensure that there is no government interference.

(adaderana)

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Fuel prices upped

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The Ceylon Petroleum Corporation (CPC) has announced a revision of fuel prices, effective from midnight today (June 30).

The price of Petrol 92 Octane has been increased by Rs. 12 to Rs. 305 per litre, while the price of Kerosene has been increased by Rs. 07 to Rs. 185 per litre. The price of Auto Diesel has also been increased by Rs. 15, bringing it to Rs. 289 per litre.

However, the prices of Petrol 95 Octane and Super Diesel remain unchanged, according to Ceypetco.

The new fuel prices are as follows:

• Petrol Octane 92 – Rs. 305 (increased by Rs. 12)
• Auto Diesel – Rs. 289 (increased by Rs. 15)
• Kerosene – Rs. 185 (increased by Rs. 7)
• Petrol Octane 95 – Rs. 341 (not revised)
• Super Diesel – Rs. 325 (not revised)

Meanwhile, Lanka IOC has also revised retail fuel prices to match Ceypetco prices.

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“Sri Lanka, only Asian country currently holding talks to revise Trumps’ tariffs”

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Sri Lanka is the only country in the Asia region currently holding discussions with officials in the United States to revise the tariffs introduced by US President Donald Trump earlier this year, according to Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando.

Joining the Parliamentary debate today (30), where MPs are debating the fiscal strategy statement of the government, the Deputy Minister of Economic Development stated that they are hopeful the government will be able get a better deal from the US regarding the 44% tariff imposed earlier this year.

A Sri Lankan delegation last month held discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR).

The reciprocal tariffs imposed by United States President Donald Trump has been paused for 90 days at present.

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando in Parliament stated that the government will take all steps within their powers to reduce the tariffs imposed by the US which will have a major bearing on many local industries.

The Deputy Minister while the government is taking such important steps to safeguard local companies, the opposition is only focused on jeopardizing the work of the present administration

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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Indian officials extend US visit to iron out trade deal, sources say

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Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday.

Trade talks between India and the U.S. have hit roadblocks over disagreements on import duties for auto components, steel, and farm goods, ahead of Trump’s July 9 deadline to impose reciprocal tariffs.

The Indian delegation had been expected to conclude discussions by last Friday, but was staying on until at least Monday evening to iron out differences and move towards an agreement, officials said, declining to be named as the discussions are private.

“There are certain disagreements over opening up the agriculture and dairy sectors, though India has offered tariff concessions on 90% of tariff lines. A final call will be taken by the political leadership of the two countries,” one of the government sources said.

“The Indian delegation could stay for another one to two days if discussions continue,” the second source said.

India’s commerce ministry and the U.S. Trade Representative Office did not immediately respond to requests for comment.

Agriculture and dairy are “big red lines” for India in its ongoing trade negotiations with the U.S., Finance Minister Nirmala Sitharaman told the Financial Express newspaper in an interview published on Monday.

“Yes, I’d love to have an agreement, a big, good, beautiful one; why not?” Sitharaman said, adding that an early conclusion of the trade deal would serve India better.

Trump said last week that America was going to have a “very big” trade deal with India, but gave no details.

(Reuters)

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