Defence Secretary Hemasiri Fernando resigns

Excise Department officer arrested over links with drug dealers

By Vyshnavy Velrajh Three suspects, including an officer attached to the Excise Department, have been arrested for the possession and distribution of narcotics worth over Rs. 10 million. The suspects were arrested for the possession of 653.3mg of ?Mandy? narcotics during a raid conducted in the Kaluaggala area in Kosgama last night. The Police Special Task Force (STF) had arrested one suspect while transporting the narcotics in a vehicle and following interrogations had arrested another suspe

29 Sep, 2020

Moody’s downgrades Sri Lanka’s ratings

Moody’s Investors Service (“Moody’s”) today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured ratings to Caa1 from B2 and changed the outlook to stable. This concludes the review for downgrade initiated on 17 April 2020. The decision to downgrade Sri Lanka’s rating to Caa1 reflects Moody’s assessment that the coronavirus induced shock, which Moody’s regards as a social risk, will significantly weaken Sri Lanka’s already fragile funding and external

28 Sep, 2020

Government split on 13th Amendment following Modi talks

By Easwaran Rutnam A clear split has emerged in the Government on the 13th Amendment to the Constitution following talks held over the weekend between Indian Prime Minister Narendra Modi and Prime Minister Mahinda Rajapaksa. Modi had told Prime Minister Mahinda Rajapaksa today that implementation of the 13th Amendment to the Sri Lankan Constitution is essential for carrying forward the process of peace and reconciliation. Addressing reporters at a special media conference held in Colombo toda

28 Sep, 2020