Chanuka Ratwatte granted bail in financial fraud case

S&P Global cuts Sri Lanka’s bonds ratings

Global ratings agency S&P Global cut Sri Lanka’s bonds by two notches to ‘D’ from ‘CC’, pushing it deeper into junk territory, following missed interest payments due on 14 September and 28 September 2022. “We do not expect the government to make payments on the ISBs within 30 calendar days after their due dates,” the agency said. The agency affirmed its ‘CCC-‘ long term and ‘C’ short term local currency sovereign ratings. S&P’s outlook on the long-term local currency rating remains negative. (

04 Nov, 2022

Shehan Karunatilaka slams “insulting” claims by Rajpal over book

Author Shehan Karunatilaka has slammed what he terms as “baseless and insulting” claims made by journalist Rajpal Abeynayake over his Booker Prize winning novel ‘The Seven Moons of Maali Almeida’. The Seven Moons of Maali Almeida by Shehan Karunatilaka, a supernatural satire set amid a murderous Sri Lankan civil war, won the Booker Prize last month. The?Sri Lankan writer?s novel?is about a photographer who wakes up dead, with a week to ask his friends to find his photos and expose the brutalit

04 Nov, 2022

At least 5.7 million people in Sri Lanka require humanitarian assistance

At least 5.7 million people, or 26 per cent of the population in Sri Lanka require humanitarian assistance, the International Federation of Red Cross And Red Crescent Societies said in a report. The report warned that without immediate humanitarian assistance, and ?upstream? interventions to address the fragility of systems, services and facilities, this number will multiply, and the consequences will deepen. Food security and livelihoods have suffered directly because of the economic crisis,

04 Nov, 2022