Sumathipala banned from SL Cricket

Moody’s downgrades Sri Lanka’s rating to Caa2

Moody’s Investors Service today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1.? This concludes the review for downgrade initiated on 19 July 2021. The decision to downgrade the ratings is driven by Moody’s assessment that the absence of comprehensive financing to meet the government’s forthcoming significant maturities, in the context of very low foreign exchange reserves, raises default risks. In turn, this asses

28 Oct, 2021

China assures Sri Lanka continued support

China has assured Sri Lanka continued support in the vaccination drive and to boost Sri Lanka’s economy. The assurance was given during a meeting between Prime Minister Mahinda Rajapaksa and the Ambassador of China to Sri Lanka Qi Zhenhong. Rajapaksa expressed appreciation for China?s continued support when the Ambassador called on the Prime Minister at Temple Trees. The Prime Minister also thanked the Chinese Government for supporting Sri Lanka in the fight against the pandemic and the vacci

28 Oct, 2021

CID begins probe into complaint by intelligence chief

The Criminal Investigations Department (CID) has commenced an investigation into a complaint made by the Director of the State Intelligence Service (SIS), Major General Suresh Sallay. The CID informed the?Colombo Magistrate?s Court today that investigations into the complaint had commenced. Major General Suresh Sallay had filed a complaint with the CID over allegations made by leading Catholic priest, Reverend Father Cyril Gamini. Suresh Sallay had said that at an online forum on the 23rd of

27 Oct, 2021