Court hearings restricted to urgent and essential matters only

Sri Lankan companies expected to take a hit

Fitch Ratings predicts Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus pandemic in Sri Lanka.? Companies in consumer goods retail and construction-related activities also have lower rating headroom than in most other sectors. The ultimate impact on ratings over the next one to two years is highly uncertain and will depend on its eventual spread, the knock-on effects of measures introduced to control it, and h

22 Apr, 2020

ICJ raises concerns about arbitrary arrest of lawyer in Sri Lanka

The International Commission of Jurists (ICJ) today called upon the Sri Lankan authorities to respect human rights in the conduct of their investigation of the 2019 Easter Sunday bombings, including ensuring that investigations into the alleged involvement of Sri Lankan lawyer, Hejaaz Hizbullah, are conducted in accordance with due process and fair trial guarantees under international law. ICJ said the authorities must specify the charges against him, grant him full and immediate access to a la

21 Apr, 2020

Plans underway to revive tourism industry

The Sri Lanka Tourism Development Authority has drafted plans for an early revival post-COVID-19, as the country starts opening up gradually from this week.? The Authority said a major step was the Cabinet approval of the critical five-year global promotion initiative last week and plans are underway to finalize the Terms of Reference and appointment of the Procurement, Project and Technical Evaluation Committees; and the process will start when the time is right.? ?The approach focuses on con

22 Apr, 2020