The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.
Power and Energy Minister Kanchana Wijesekara said that a charge sheet related to the removal of the chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake is being prepared and will be presented to the Parliament soon.
President Ranil Wickremesinghe said today that Sri Lanka must celebrate the 75th Independence Anniversary, if not, the world would say that Sri Lanka is not capable of celebrating even its independence.
As businesses across diverse sectors are still hoping for some relief by way of debt moratoria, the Central Bank yesterday indicated that it does not encourage the continuity of such packages as that could take a heavy toll on the banking sector.
The Inspector General of Police (IGP) has called for a report from the Senior DIG in charge of the Western Province about the actions of Keselwatta Police for filing a B report before Colombo Chief Magistrate’s Court against a group of lawyers.
An accident has been reported on the Nanuoya road in Nuwera Eliya between a bus, three wheeler and a van and seven bodies have been recovered while several people have been reported injured. The bus had been carrying students from Thurstan College in Colombo who had been on an educational tour.
Indian External Affairs Minister S. Jaishankar said today that India has extended financing assurances to the IMF to clear the way for Sri Lanka to move forward because India felt strongly that Sri Lanka’s creditors must take proactive steps to facilitate its recovery.
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers, following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale.
Initial investigations revealed that a science faculty student of the Colombo University was murdered by her fellow student at the Race Course Ground in Colombo yesterday, fearing that she would love someone else after breaking up the love affair.
As Sri Lanka continues to face delays in securing the much sought-after bailout from the International Monetary Fund (IMF), the government admitted this week that the situation is becoming increasingly difficult for the people of the country.
The government’s move to import eggs will be an utter failure and will be a waste of foreign exchange as the present shortage of eggs will be rectified in two months, the All Island Egg Producers Association (AIEPA) said today. Sources within the industry also alleged that the decision to import eggs was done with ulterior motives best known to those in charge.
Foreign Minister Ali Sabry summoned the Canadian Acting High Commissioner Daniel Bood today and expressed the deep regret of the Government on the announcement of unilateral sanctions brought against four individuals including two former Presidents of Sri Lanka by the Government of Canada based on unsubstantiated allegations, the ministry said.
The Foreign Ministry will summon the Canadian envoy today to register its strongest protest over the issuing of targeted sanctions on four Sri Lankan officials including former leaders Mahinda Rajapaksa and Gotabaya Rajapaksa.
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