Concerns raised over security for Kandy pageant

S&P lowers Sri Lanka’s sovereign rating to Select Default grade

Global rating agency Standard and Poor?s has lowered the long-term foreign currency sovereign credit rating on Sri Lanka to ?SD? (selective default) from ?CC? as the crisis-hit Island nation missed an interest payment on bonds. On April 18,?Sri Lanka?missed interest payments on its $1.25 billion international sovereign bonds maturing in 2023 and 2028. ?We do not expect the Government to make the coupon payments within 30 calendar days after their due dates,? S&P said in a statement. At the sa

26 Apr, 2022

Namal says ruling coalition trying to create majority while country suffers

Former Minister Namal Rajapaksa says the ruling coalition is trying to create a majority while the country is suffering. He fears the overall focus has been shifted on meeting different agendas and not addressing the actual crisis at hand. In a tweet, the former Sports Minister and son of Prime Minister Mahinda Rajapaksa said that the ruling coalition is divided and trying to create a majority, while the country is suffering. He said that while?a section of the general public are busy protest

28 Apr, 2022

Indonesia provides humanitarian aid worth US $1.6 million to Sri Lanka

Indonesia has provided humanitarian aid worth US $1.6 million to Sri Lanka. The Indonesian Embassy in Colombo said that the Indonesian Government has provided humanitarian aid of essential medicines and medical equipment to Sri Lanka to the value of LKR 517.5 million (around US $1.6 million), due to the severe shortage in Sri Lanka caused by the economic crisis.? The total volume of the aid is 3.1 tons, and will be sent from Jakarta to Colombo by Sri Lankan Airlines in two dispatchments on the

27 Apr, 2022