Tax concessions on kid’s savings and royalty fee for authors

S&P lowers Sri Lanka’s sovereign rating to Select Default grade

Global rating agency Standard and Poor?s has lowered the long-term foreign currency sovereign credit rating on Sri Lanka to ?SD? (selective default) from ?CC? as the crisis-hit Island nation missed an interest payment on bonds. On April 18,?Sri Lanka?missed interest payments on its $1.25 billion international sovereign bonds maturing in 2023 and 2028. ?We do not expect the Government to make the coupon payments within 30 calendar days after their due dates,? S&P said in a statement. At the sa

26 Apr, 2022

Udaya claims No-Confidence will secure more than 113 votes

Former Minister Udaya Gammanpila claims the No-Confidence motion of the opposition will secure more than 113 votes in Parliament. He said that the Samagi Jana Balawegaya was informed earlier not to go ahead with the No-Confidence motion without securing the support of 113 MPs. Speaking to reporters today, Gammanpila claimed the No-Confidence motion now has the support of 120 MPs. He said the 120 includes the Samagi Jana Balawegaya, 39 independent MPs, and 10 ruling Sri Lanka Podujana Peramuna

25 Apr, 2022

Pope seeks truth behind Sri Lanka’s Easter bombings

Pope Francis on Monday expressed his closeness with the families of the victims of Sri Lanka?s Easter Sunday bombings, and urged the country’s authorities to unveil the truth behind the attacks, saying it will usher in peace. He also prayed that the country be able to tide over its worst economic crisis in living memory. The Pope was addressing some 3,500 Sri Lankan Catholics working in Italy, including a delegation of the families of victims and survivors of the 2019 terrorist bomb attacks, l

25 Apr, 2022