Government condemns Indian Air Force base attack

Moody’s rates Sri Lankan banking system outlook as negative

Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, as the economy remains weak and asset quality is deteriorating. “The economy will only exhibit a modest rebound as the government’s high debt burden and reliance on foreign borrowings continue to limit public investment and pose the risk of capital outflows,” says Tengfu Li, a?Moody’s Analyst. “Credit growth was very high over the last two years, with the credit multiplier (credit growth/GDP growth) pea

05 Sep, 2018

Namal says sorry to the public for any inconvenience caused

Joint opposition Parliamentarian?Namal Rajapaksa apologised to the public for any inconvenienced caused as a result of the joint opposition protest staged in Colombo yesterday. However he says they had no choice but to stage the protest to show the Government the people want change. “I also want to apologize to the public if this protest was any kind of hinderance to you. We had no choice but to truly show the Govt. how much the people in this country long for change. Our fight will continue u

06 Sep, 2018

20th Amendment to the Constitution draft tabled

The draft of the 20th Amendment to the Constitution was tabled in Parliament today. The draft was tabled by Janatha Vimukthi Peramuna (JVP) Parliamentarian Vijitha Herath. The 20th Amendment proposes to abolish the Executive Presidency. (Colombo Gazette)

05 Sep, 2018