Fernando granted bail in assets declaration case

Sumangala Dias presents credentials to King of Malaysia

High Commissioner, Air Chief Marshal Sumangala Dias presented the Letters of Credence to King Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah, of Malaysia at Istana Negara, Kuala Lumpur. The Credentials Ceremony included a Guard of Honour and the playing of the National Anthem?of Sri Lanka. The Guard of Honour was followed by the presentation of Credentials and a courtesy call on the King. While wishing the ne

28 Apr, 2022

Cabinet approves proposal for 21st Amendment

Cabinet has approved a proposal to introduce the 21st Amendment to the Constitution. The proposal looks to include positive features of the 19th and 20th Amendments. The decision was taken when the new Cabinet met today. The opposition Samagi Jana Balawegaya (SJB) has already submitted a proposal for the 21st Amendment. A group of independent MPs have also presented a proposal for the 21st Amendment to the Constitution. The proposal seeks to extract key points from the 20th Amendment to the

25 Apr, 2022

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