Order on Arjun and Kasun’s revised bail application on 11th October

Susil Premajayantha appointed Leader of the House

Minister Susil Premajayantha has been appointed as the new Leader of the House. He replaces Dinesh Gunawardena who was appointed as the new Prime Minister last week. Meanwhile, Minister Prasanna Ranatunga has been re-appointed the Chief Government Whip. Speaker Mahinda Yapa Abeywardena informed Parliament today about the new appointments. (Colombo Gazette)

27 Jul, 2022

IMF says Sri Lanka needs to talk with China about debt restructuring

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund. “China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring,” Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, told Reuters in an interview on Tuesday. The island of 22 million is currently engulfed by its most severe ec

27 Jul, 2022

Is Pakistan the Next Sri Lanka?

Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make debt repayments on time, it sold a 99-year lease of the port to the Chinese company that had constructed it for some quick cash. Many analysts and writers penned ar

27 Jul, 2022