Namal ordered to appear before FCID every Sunday

Fitch downgrades Sri Lanka to ‘B’ owing to political crisis

Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+’, with a Stable Outlook. The downgrade reflects heightened external refinancing risks, an uncertain policy outlook, and the risk of a slowdown in fiscal consolidation as a result of an ongoing political crisis following the President’s sudden replacement of the Prime Minister on 26 October 2018. Fitch believes the ongoing political upheaval, which has disrupted the normal functioning

04 Dec, 2018

Mahinda rejects ruling, to appeal before Supreme Court

Parliamentarian Mahinda Rajapaksa has rejected a Court of Appeal ruling on his cabinet and has decided to challenge it in the Supreme Court. Rajapaksa’s office said that his lawyers will file the appeal first thing tomorrow morning. The?Appeal Court has issued notice and an interim order against Mahinda Rajapaksa and his Government, preventing them from acting as Prime Minister, Cabinet and Deputy Ministers. The order was issued in a Quo Warranto case filed by 122 Parliamentarians against?Raj

03 Dec, 2018

Appeal Court issues interim order against MR

The?Appeal Court has issued notice and an interim order against Mahinda Rajapaksa and his Government, preventing them from acting as Prime Minister, Cabinet and Deputy Ministers. The order was issued in a Quo Warranto case filed by 122 Parliamentarians against?Rajapaksa and his new Government. The respondents were ordered to show by what authority they hold office. The Court of Appeal ordered 49 members of the new cabinet to appear in court on December 12th to respond to the petition. The pe

03 Dec, 2018