The Day Brief of December 05, 2017

1. Listed corporate earnings drop in third quarter 2017, reflecting the debilitating effects of the slowdown in consumer spending and overall difficult economic conditions

2. Chairman, Elections Commission says that use of public property for elections has been stopped from yesterday: cost of local government election estimated at Rs. 4 billion

3. President Sirisena shoots down budget proposal to reduce tax on beer, saying it is contrary to government policy

4. Former Governor Ajith Nivard Cabraal says Taxes have doubled, Rupee has depreciated by 17%, and Interest rates have increased by 60%, since 2014

5. Massive Treasure hunt on lands belonging to the Temple of the Tooth: three persons arrested: attempt to give a bribe of Rs 40 million to thwart arrest

6. At UNESCO Conference on Rule of Law, Media Freedom and Crimes against Journalists, PM Wickremesinghe says absence of owners and editors at the event reveals their lack of interest: Sri Lanka’s ranking in the Rule of Law Index slips from 48th in 2014 to 68th in 2017

7. Attorney General informs High Court that President Sirisena and PM Wickremesinghe are unable to attend as witnesses in the trial against former General Secretary of the UNP, Tissa Attanayake, as they have to attend Parliament

8. Joint Opposition finds fault with Government for ignoring storm warnings and placing people at the mercy of Weather Gods

9. Fresh weather warning of massive storms and winds, particularly in the North and East: already, 823 houses destroyed and 32,347 houses partly damaged in various parts of the country

10. President Sirisena says Minister Rajitha Senaratne is blessed and Minister Sajith Premadasa is smart
Have a blessed and smart Tuesday

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