Sri Lanka Roundup: Flooding, pharmaceutical production, T20 victory
Help from China and India
The evolving geopolitical dynamics in Sri Lanka are significantly influenced by the recent election of Marxist-leaning President Anura Kumara Dissanayake. Emphasis from India's External Affairs Minister S. Jaishankar on the necessity for India and China to cooperate in stabilising the region highlights the strategic importance of Sri Lanka in the Indian Ocean. Enhanced Sino-Lankan ties are anticipated, alongside a noteworthy shift in the nation’s foreign policy after the forthcoming elections, particularly the potential lifting of a ban on Chinese research vessels under pressures from India and the US. According to The Manila Times, Dissanayake’s election reflects a homegrown "colour revolution," diverging from previous foreign-influenced political changes, and suggests a pivot towards China's development model.
Flooding kills three
Severe flooding in Sri Lanka, attributed to relentless torrential rains, has severely impacted over 134,000 individuals, causing three fatalities and two serious injuries. The districts of Colombo and Gampaha have been significantly affected, with 240 homes reported as damaged and around 7,000 residents forced to evacuate. The Watchers reports that the adverse weather patterns are projected to continue until October 17, significantly disrupting transportation systems with submerged roadways and public transport entanglements. The government has announced a relief package of LKR 50 million (approximately USD 170,000), with military crews actively engaged in rescue missions, as monsoon-related challenges have beset the nation since May.
Pharmaceutical production
In diplomatic developments, the Cuban government is steering its focus towards enhancing pharmaceutical production in Sri Lanka, as articulated by Ambassador Andres Marcelo Gonzalez Garrido during dialogues with Prime Minister Dr. Harini Amarasuriya. As reported by the Daily News, the dialogue encompassed the fortification of their 65-year diplomatic bond, resuming mosquito control initiatives supported by Cuba, and extending scholarships in both medical and sports fields. The Prime Minister has acknowledged Cuba’s assistance amid its economic tribulations, extending an invitation for the Cuban Prime Minister to visit Sri Lanka. This cooperation is pivotal in ensuring that both nations continue their collaborative journey.
T20 victory
In sports, Dunith Wellalage's T20 debut has marked a dazzling performance, leading Sri Lanka to a considerable 73-run triumph against the West Indies during the second T20 International on October 15, 2024. Wellalage's bowling performance, which included figures of 3/9, greatly contributed to the West Indies' downfall, restricting them to a mere 89 runs in pursuit of a 163-run target. Coupled with supportive spins from Maheesh Theekshana and Charith Asalanka, Sri Lanka displayed compelling dominance throughout the match. Batting first, Sri Lanka established an impressive total of 162/5, anchored by Pathum Nissanka's crucial 54 runs. Post-match analyses commended Wellalage's poise and technical prowess, indicating his rising potential in Sri Lankan cricket for forthcoming tournaments, Lanka Sara reports.
Dollar rates
Financially, as of October 16, the Sri Lankan Rupee has displayed stability against the US Dollar within commercial banking institutions. Seylan Bank registered rises in both buying and selling rates, whereas NDB Bank reflected a decline in these rates. Conversely, the Commercial Bank observed decreased rates as well, while Sampath Bank's rates held constant, reports Newswire. The notable currency exchange rates are as follows: Seylan Bank: Buying - Rs. 289.85, Selling - Rs. 297.35; NDB Bank: Buying - Rs. 289.25, Selling - Rs. 297.25; Commercial Bank: Buying - Rs. 287.50, Selling - Rs. 297.25; Sampath Bank: Buying - Rs. 289, Selling - Rs. 298.
