The Day Brief of January 4, 2018

1. President Sirisena who dissolved Parliament one day before the vital first COPE Report on the Bond Scam of Feb 2015 was presented to Parliament, which led to the even bigger second Scam to be carried out in March 2016, makes statement about the Bond Scam Report

2. Experts say nothing of any significance has been revealed, and that findings and recommendations do not seem to reflect evidence: President’s statement suggests that “Hon PM” is broadly cleared: “RK” and “AM” are implicated: Perpetual Treasuries has been asked to pay back “financial advantage” of Rs.11.1 billion: No mention about the “Foot-notes” or Ministers who went to the Central Bank the day before the Scam: Overall loss grossly underestimated

3. Cash-strapped Government to raise a staggering USD 5 billion (approximately Rs.765 billion) through foreign-currency bonds in 2018: PM Wickremesinghe had previously stated that the entire public debt will be repaid in 201

4. Central Bank Governor Dr Indrajith Coomaraswamy says that the financial sector needs to consolidate: the previous Financial Sector Consolidation Plan started in 2013 was stopped in 2015, as soon as the new government came to power

5. Popular Government owned “Daily News” celebrates 100 years of publication: “Today’s News” is seven months old today

6. The post-mortem on Charles Jeevan, a Britisher who died mysteriously on 2nd January in Maligawatte, Colombo, to be conducted today

7. Central Bank Governor Dr Indrajith Coomaraswamy says the Bank’s strategy for 2018 is to escape from “high inflation and low growth”: Inflation in 2017 was around 8.0% and growth considerably less than 4%: Inflation in 2014 was 3.3% and average growth for the 5 years – 2010 to 2014 – was 6.7% per annum

8. PM Wickremesinghe says the new “Financial City” in Colombo will give new life to the economy: When in Opposition, Wickremesinghe had stated that the “Port City” (now named as the Financial City by the government) is a waste and will be stopped

9. Joint Opposition spokesman MP Dullas Allahaperuma says with the expiration of the MOU for the “National Government” of the UNP-SLFP on 31st December 2017, the number of Ministers must be immediately reduced to 30, to comply with the Constitution

10. Chief Sangha Nayake of America, Ven. Dr. Walpola Piyananda says righteous rulers never take revenge: points out that it is ironic that the FCID has become an obstacle to the Government’s activities

Have a “non-revengeful” Thursday

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