Court orders to allow all communities at Dankotuwa market

Bondholders and Sri Lanka fail to agree on restructuring terms

Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). ?The steering committee did not agree to extension of restricted discussions,? it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and World Bank Spring meetings in Washington, Sri Lanka said it failed to reach consensus on the bondholders? proposal submitted earlier in the month.

16 Apr, 2024

SJB gives written assurance to Catholic Church on Easter attacks

The opposition Samagi Jana Balawegaya (SJB) has given a written assurance to the Catholic Church on the steps it will take over the investigations into the Easter Sunday attacks.? Cardinal Malcolm Ranjith said that while the SJB has given a written assurance, the National People’s Power (NPP) has not yet given such assurences. He also recalled that former President Gotabaya Rajapaksa had given a verbal assurance but did not keep his word. The Cardinal also said that the Catholic Church has re

17 Apr, 2024

Iran’s President to visit Sri Lanka and launch several water projects

By Easwaran Rutnam Iran’s President Ebrahim Raisi is to visit Sri Lanka in May and launch several water projects, amidst rising tensions in the Middle East. According to the Tehran Times, Ebrahim Raisi will launch the Uma Oya Multipurpose project which includes two dams namely Dyraaba and Puhulpola and also 25 kilometers of water transmission tunnel. The project also includes two major hydroelectric power plants each with a capacity of 60 megawatts. The visit comes as tensions continue betwe

15 Apr, 2024